Abundant Money Mindset

The moment I decided to quit my full time job and go all in as an online entrepreneur was amazing.

I finally believed deep down I would build a successful business.

Within a few months of my decision, my blog hit six figures, and I’m happy to report that I’ve officially made over $100k from my business so far this year (and the year’s not over)!

The reason I’ve been able to get these results is because of the actions I took. But I only took the actions that I did because of my beliefs.

I know so many people who have the exact same tools but don’t get the same results. And trust me when I say, it hasn’t always been this way for me. There was a lot of time when I was spinning away with good tools not getting the results I have now.

So, what changed?

My mindset. Specifically, I went from having a scarcity money mindset to having an abundant money mindset.

When I got my first job out of law school as an attorney and finally took a look at my student loan debt, I was so surprised at how much debt I had.

I immediately thought it was someone else’s fault—the school’s, society’s, my parents, the education system, etc.

It couldn’t have been my fault. After all, I did exactly what I was told.

Not only that, but I thought I was going to be broke forever because of my student loan debt.

Looking back, it’s insane how much power I gave my debt and how I made my debt mean something negative about me and about my financial future. I later learned this is the scarcity mindset and what kept me spinning.

When I was stuck in scarcity thinking, I focused on cutting back. I reduced my expenses like crazy, I moved to a crappy apartment, I didn’t travel, and I basically adopted the mindset that I couldn’t live the life I wanted until my student loan debt was gone. Everything in my life revolved around my debt.

This seems soooo innocent and “good” according to so many money philosophies. But it couldn’t be further from the truth for me and what I want in life.

This won’t be the exact same for everyone. Some people genuinely love cutting back and get super energized by frugal living. I don’t. And the way you know if you do or don’t is how it feels. You’ll feel like money has power over you if you’re in scarcity. You’ll generally feel bad about money. You’ll cut back when you genuinely don’t want to cut back (compared to someone who really enjoys it).

Scarcity Vs. Abundant Defined

Everyone talks about “abundance” and “scarcity” without realllllly understanding what each term means (speaking from experience when I really didn’t know what the terms meant either!).

So, I want to share with you want they really mean and how you can identify whether you’re in scarcity or abundance and what to do about it if you want to improve your mindset.

Here’s a look at the difference between the two philosophies…


Scarcity Money Mindset

Scarcity means there’s never enough.

Scarcity means you believe you never have enough money. Money is “tight”, and you can’t do things in your life because you don’t have enough money. You think that it’s someone else’s responsibility to give you more money (your job’s responsibility, a business program you signed up for, your husband, the government, etc.). You believe money is there to protect you, and you want more of it to either hoard it (because it will keep you safe) or spend it (because you’ll run out in the future). You feel bad when you log into your bank account. You choose to make your debt mean something bad about you, and you have shame around it. You think you have to work hard to make more money, and that time and energy are what create money. You don’t love or even like money. There’s just never enough. This is a mindset and has nothing to do with actual dollars in the bank.

Abundant Money Mindset

Abundant means there’s always enough.

There’s always enough money. You have the exact amount of money right now you’re supposed to have. You believe value creates money, not time. There is enough money for you and for everyone else. Someone else making money doesn’t limit the amount of money you can make. You’re responsible for creating and having money—not your husband, not your parents, not your new business course, not society, not the government. You love that you’re responsible for creating money. You love money. You like the having of money. You know you’re responsible for protecting yourself. It’s your mind that creates money and protects you. It’s not money’s job. There is always enough money. Money is easy and fun.


Money Is Neutral

What’s underlying the scarcity vs. abundant money mindsets is what you make money mean.

Here’s some groundbreaking sh*t that’s just really good to know: Money is neutral.

Money is neither good nor bad.

The beliefs you have about money are just sentences in your head. They’re not true until you believe them. Money only has the meaning you give it.

When you compare the two mindsets above, neither is true. They’re just two different ways of looking at money. They’ll produce wildly different results in your life, depending on which you believe.

Someone who has a scarcity mindset can learn all the tools and attempt to take all the actions she’s supposed to, but will end up self-sabotaging and won’t get the results she so desperately wants.

On the other hand, someone who has an abundant money mindset can implement the exact same strategies and will be super successful.

The point is that you have to get your mindset right before you learn and implement strategies to get the results you want.

If you have a scarcity money mindset, you won’t create the results in your life you want with money. If you have an abundant money mindset, you will.

When I truly shifted my mindset from scarcity to abundant, everything changed. I immediately felt freed from my debt and was able to take action to create massive results. This included quitting my “secure” full time job and going all in on myself. I never would’ve done this is scarcity.

So, if your goal is to make more money and have more money in your life, then you need to focus on changing your money mindset from scarcity to abundant.


Examples Of Scarcity And Abundant Thoughts

In my experience, scarcity and abundant mindsets are thrown around in blog posts and on podcasts, but people still really don’t get it.

So, I’m including a list of thoughts below that show the difference between scarcity and abundant money mindset thoughts.

I have a feeling some of these will surprise you, so read them all.

Here’s a list of scarcity and abundant thoughts…


  • I can’t afford it
  • Money doesn’t grow on trees
  • You have to work hard to make more money
  • There’s not enough money
  • The more hours you work, the more money you make
  • I can’t do that because I don’t have the money
  • I have to choose between what I love and making money
  • Money is evil
  • I want money for what it can buy
  • Money is there to protect me
  • I feel off my purpose focusing on making money
  • I never make enough money because I don’t sign up for the right programs
  • I’m not lucky
  • My boss is out to get me

Abundant Thoughts

  • Money is easy
  • I love money
  • Value creates money
  • Time and money are not directly related
  • I don’t have to work harder to create money
  • I can love my work and create a lot of money
  • I love having money—not for what it can buy
  • I always have enough money
  • Giving money feels good
  • I am responsible for protecting myself (it’s not money’s job)
  • Debt means nothing about me
  • Money is fun

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How To Change Your Mindset From Scarcity To Abundant

If you find yourself clinging to old beliefs like “money doesn’t grow on trees” or “I just don’t want to work that hard to make money” you’ll do your future self a huge favor (and change the trajectory of your life forever) by learning and adopting new beliefs. You’ll have a much easier time with money, you’ll make more money, and you’ll hold onto more money. It all starts with what you believe about money. And since you can believe anything you want, why not have abundant money beliefs that support you.

So, here’s what you need to do to change your mindset from scarcity to abundance.

1. Separate out the facts from your thoughts about the facts

There are facts and then there are your thoughts about the facts. Facts are circumstances and can be proven. Your thoughts are just sentences in your head about the facts. Thoughts are optional. You can choose to think whatever you want.

Separate out the facts of your financial life from your thoughts about it.

Examples of facts:

  • You make $57,000 per year
  • You have a job
  • You have a side business
  • You have $35,000 of student loan debt
  • You make $1,200 per month from your side biz

Examples of thoughts:

  • You don’t know how to make more money
  • You think you’re broke
  • You doubt your business will make more money
  • Money is tight every month
  • You are bad with money
  • You need to make more money
  • Money is a challenge

It’s critical that you separate out the facts from your thoughts about the facts. Write down the facts of your financial life, then all the thoughts you have about those facts. Put them on separate pages or columns. This will help you see the difference.


2. Ask yourself what you’re choosing to make the facts mean

Take a look at all the thoughts you’re choosing to have about the facts. Ask yourself what you’re choosing to make those facts mean.

Are you choosing to think thoughts about your money that make you feel bad? Are you choosing to spin out and be dramatic about your money? Are you choosing to doubt yourself? Are you making money mean something that creates a push-pull relationship in your life?

Don’t focus on changing your thoughts yet. Just focus on becoming aware of what you’re choosing to make the facts mean.

Download the Personal Development Master Class, which will show you exactly how to become more aware of what you’re choosing to make money mean.

Awareness alone can shift your thinking to an abundant money mindset.

3. Ask yourself why you’re choosing to make the facts mean what you are

Once you have a clear idea of what you’re making money mean, ask yourself why. Write for 10-20 minutes straight about why you’re choosing to make money mean what it does. Notice that all of these choices are optional. You could think something completely different about the exact same facts without anything changing in your life.

This exercise will help you see that you’re intentionally choosing to make money mean something that keeps you in scarcity.


4. Take personal responsibility for your money

Once you’re aware of what you’re making money mean you can start to change it.

It’s 100% your responsibility to create and have money.

It’s not your husband’s responsibility. It’s not the next course that you take’s responsibility. It’s not your business coach’s responsibility. It’s not your boss’ responsibility. It’s not society’s or the government’s responsibility.

Regardless of your circumstances, it’s your responsibility to have and create the exact amount of money you want in your life. If you don’t accept this, you’ll stay stuck blaming (and creating excuses), and you won’t ever change the results you have with money.

Be careful with this one. I see people giving their power away so much and the result is always that they create the exact same results with money. Once you own that it’s your responsibility to create more money in your life, you will (but not a minute sooner).

5. Ask questions

One of the best ways to start to change your money beliefs and adopt an abundant money mindset is to use questions. It’s a much better tool than affirmations.

With affirmations, you’re making up sentences and repeating them, in hopes that you believe them over time. The problem is that if you don’t believe them, your brain won’t buy into it. You probably know what I mean if you’ve ever tried affirmations. The key to changing your beliefs about money (and really anything), is to decide intentionally what you want to believe about money and practice believing it. But you have to actually believe it.

For example, repeating “money is easy” over and over won’t work if you actually think money is really hard. Neither is true.

How questions work is that you ask yourself a leading question that gets you the positive belief that you want.

For example, every night before bed, you might repeat to yourself in your head “how can I make more sales in my business?” or “how can I learn to love the having of money?” Both of these questions lead to answers that support the direction you want to change your mindset to.

Your brain is like a computer and will work tirelessly to find the answers for you. You’ll be amazed at all the new ideas that pop into your head from this exercise.

Just make sure you always ask supportive questions. If you ask negative questions, like “why am I always so broke?” your brain will find the answer, which will keep you in scarcity.

Questions is one of the most powerful tools to help you shift your mindset from scarcity to abundant without much effort on your part. They’re seriously like magic.


6. Plan spending ahead of time

When you’re putting your brain to work to come up with supportive abundant money beliefs, you’ll find that you’re starting to shift your mindset, which will drive how you feel about money, and how you take action. This is great, and most of your actions will change naturally, in alignment with your beliefs.

One of the best tools to constrain yourself with your money is decisions ahead of time. How this works is that you plan your spending at least 24 hours in advance. The further out you plan your spending, the better. It will keep you away from emotional spending, which comes from scarcity in an effort to feel good. Budgeting is a great way to make sure you’re in touch with your money and creating a spending plan. Even with a budget, if you create a rule in your life where you don’t buy anything without planning for it at least 24 hours ahead of time, you’ll stay in the space where you make decisions from your prefrontal cortex, the future focused, intentional part of your brain. The result is that you’ll make better money decisions.


7. Decide intentionally what you want your money to mean

Questions (Step 5 above) will help you get new thoughts about your money, which will help you create new beliefs. This is the best starting point for shifting your money mindset.

Beyond that, though, you should create a list of beliefs that you want to have about money. You don’t have to believe these yet, but they should be your goal beliefs.

Over time, you should create thoughts that move you from your current beliefs to your goal beliefs.

Do not start repeating your goal beliefs as if you believe them already. This is like repeating affirmations and it doesn’t work if you don’t believe the new thoughts. You have to shift your thinking incrementally from the scarcity thoughts to more neutral thoughts then from the neutral thoughts to the abundant thoughts.

For example, you might think money is really challenging right now (scarcity) and have a goal belief that money is easy (abundant). Repeating money is easy won’t get you anywhere because you don’t believe it yet. Instead, you might try something neutral like “money is neutral—it’s just numbers on a page and it means nothing until I give it meaning.” See the difference? Just make sure you believe the neutral thought.

Do this for all areas of your financial life, including…

  • Making money
  • Your career
  • Your business
  • Saving and having money
  • Investing
  • Debt
  • Spending money
  • Anything else!

A Final Note!

You can choose to believe whatever you want about money.

Isn’t this wild?

Your beliefs will be what drive your actions and lead to your results, so choose beliefs that support the results you want.

Beliefs are just made up thoughts in your head, so you might as well choose supportive, abundant money beliefs.

That’s what I did. I went from scarcity to an abundant money mindset, and the result was building a six figure business that I absolutely love. Of course the results came from taking consistent action, but I wouldn’t have done that but for the abundant belief that I could do it (this is why so many other people will take the exact same course or have access to the same tools and not get the same results).

With intention, you can create whatever results you want with money in your future.