Affiliate Disclosure: Some of the links on this page are affiliate links, which means we may receive a commission if you decide to buy a product or service we recommend.
Admit it—you believe having a million dollars will make you happier.
The problem is that you’ll always view the glass half empty if you have a scarcity mindset. You’ll always want more money after getting a raise or more vacation after having three weeks off. The list goes on and on.
But a better way to live your life is to adopt an abundance mindset.
You’ll be able to reach higher goals, more wealth, and a higher purpose–leading to a happier and wealthier life. The only catch is that it’s hard to get to this level. You will not build an abundance mindset in just 90 days.
You’re not changing one small habit; you’re changing a big part of your lifestyle. But if you’re willing to hustle, you’ll reap the rewards. Here are ten strategies for building an abundance mindset to live a happier and wealthier life and have more wealth.
1. Reach Extraordinary Results by Practicing Meditation
Have you noticed all the hype that’s around meditation? Well, it’s for a good reason.
Mediation works.
Studies have found that meditation helps reduce rumination—negative thoughts repeating inside your head. You’ll be more present with your daily tasks by having fewer negative thoughts. But meditation isn’t a fad–it’s been around for thousands of years.
I’ve been meditating for over a year and have experienced many benefits. For example, I’ve been able to sleep 10–15 minutes after bed–something that I couldn’t do for years.
Meditation helps you build an abundance mindset by having a stronger awareness. When you’re more aware, you’ll notice more money-saving opportunities.
What keeps many people from meditating is believing they must be experts or be around others. Luckily, you don’t have to be an expert–or meditate in public. A great tool to meditate with is Headspace.
Start meditating for three minutes per day and work your way up.
2. Unleash Gratitude With Journaling
Don’t underestimate the power of gratitude.
Being grateful is a great way to build an abundance mindset. You’ll feel happy about being healthy, having access to clean water, and much more. A great tool to help you practice gratitude is a journal.
Write down 1–3 things you’re grateful for each morning. Doing this first thing in the morning is essential so you don’t get sidetracked.
In a study by Harvard psychologists, the group who wrote down things they were grateful for throughout the week were more optimistic. Journaling is a great habit, but many people aren’t natural writers.
If this is the case for you, start by writing down one thing you’re grateful for each morning on a blank sheet of paper. Then, once you start experiencing gratitude’s benefits, buy a journal. You’ll be more likely to stay committed by patiently practicing a new habit.
3. Hack Your Time To Create Abundance
If you’re like me, you probably wonder how successful people accomplish so much daily. Take Gary Vaynerchuk, the owner of VaynerMedia, a 100+ million-dollar company. Despite having a high work ethic, Gary accomplishes a lot each day because he focuses on the right tasks.
Although Gary currently has a large team, this wasn’t always the case. In the early 2000s, Gary built up his Dad’s liquor store on YouTube.
It’s common for most people to complain about why they don’t have enough time during the day. Hacking your time starts with prioritizing. Whether it’s attending your kid’s soccer game or writing down 1000 words daily—decide which tasks must get done.
While you’re writing down things you’re grateful for, list the tasks you’d like to complete by the end of the day. Rank your tasks in order of importance and start getting more done.
4. Give More To Receive More
Give more than you receive.
For example, volunteer your time at a non-profit company or donate money to the less fortunate. The problem is that you may have a dozen excuses for why you can’t donate currently. Either you’re too busy to spare a few minutes or have too many bills to pay to donate a few dollars each month.
Instead, focus on finding extra money or time each month. To find extra money start a side hustle or hack your finances. Prioritize your tasks using your calendar and finish only the most important ones.
Research shows that people who give more live happier and healthier lives. Besides these positive benefits, you’ll put yourself in a position of abundance. Most people hold back from giving because they believe they will lose money or time.
The truth is, you’ll gain much more when you start giving.
5. Be Around Amazing People
“You are the average of the five people you spend the most time with.” – Jim Rohn
Growing up, I used to believe that it didn’t matter who you spent your time with—as long as you had the right mindset. This is true to an extent. The problem is that the people you surround yourself with can greatly influence you.
For example, when I was in high school, I was a good student. But when I surrounded myself with the wrong crowd, I began skipping classes, and my grades dropped. Fortunately, I could escape this cycle before it was too late. But as an adult, you are still prone to similar bad habits.
As you become more aware, you will begin to notice the people who constantly complain at work. These people have a scarcity mindset.
Why?
Because they are victims of their current situation–believing they have no way out. If you’re reading this article–chances are you’re ambitious. Make it your mission to build a strong network.
A great place to start is by joining Facebook groups in areas you’re passionate about. Then, work your way to attending local events in person–using sites like Meetup.
6. Always Be Humble Enough To Learn From Others
Stay humble and always be willing to learn from others.
It’s easy for your ego to take over and ignore people’s advice—especially if they are less experienced than you. Once you realize that learning is a life-long journey–a world of abundance will open up for you.
Most people stop learning when they finish school, which is a huge mistake. Get into the habit of reading new books, taking new courses, and learning from experts. The more you start learning–the more opportunities you’ll discover.
A great example was the 2008 recession when many were in a financial crisis. Those with bad money habits–and a scarcity mindset–struggled to maintain their lifestyle. Some viewed this period as an excellent opportunity to buy real estate properties at a bargain price.
7. Harness the Power of Responsibility
Never let anyone take the blame for your mistakes.
This may seem surprising to some, but there’s power in taking ownership. When you become a victim of your mistakes, you’re claiming that you don’t have a choice—that you’re not in control. Avoiding responsibility may feel good, but you’re training yourself to feel powerless.
How does blaming help with having an abundance mindset?
Being responsible for your actions opens the door to more choices. Consider Shari, a successful entrepreneur who has multiple sclerosis. Instructed to start a strict diet by a herbalist, Shari discovered that most of the food she ate didn’t taste good.
Instead of falling victim to her situation, Shari began making her food. Too many family and friends requested her products, so she started charging them. Most people in Shari’s scenario would succumb to their sad circumstances.
Start taking ownership to see the incredible alternatives you sometimes have.
8. Visualize Your Mind To View the Abundance
“Your beliefs become your thoughts; your thoughts become your words; your words become your actions; your actions become your habits; your habits become your values; and your values become your destiny.” -Gandhi
What you perceive will become your reality.
This will be your reality if you believe you aren’t smart enough to build a successful business. Imagining that you’ll be a great entrepreneur alone won’t help either(nice try, though.) The trick is finding the right balance between believing your thoughts and taking action.
That’s where visualization comes in handy–you can prime your mind to think in abundance. For example, you can visualize yourself having wealth before actually obtaining it. Visualizing alone won’t be enough to reach your goals—you need to be specific.
Guang Yue, a psychologist, studied the brain patterns of weightlifters. Guang discovered a 30% muscle increase in the group that went to the gym. He also found a 13.5% increase in the group that only did mental exercises—half as much as the other group. If visualization can help you gain muscle, it can also shift your mind to think more positively.
9. Master Self-Compassion To Create an Abundance
Other than loving yourself, self-compassion has many advantages. For example, it helps you realize how connected you are to other people, which keeps you from feeling alone when you face problems. You’re also more present–not feeling unnecessary pain.
Self-compassion is a great skill to have to live a happier life. Especially since Western culture is competitive–where people get rewarded for being the best. Being the best comes at a cost.
According to the Federal Reserve, nearly half of all Americans (43%) spend more than they earn. This shocking truth reveals the cost of having a scarcity mindset.
Here’s why self-compassion helps you live an abundant life: First, you won’t buy things to impress others. You also won’t seek comfort from materialistic items to heal your pain.
If you’re wondering how to start being more compassionate with yourself– Kristin Neff, author of “Self Compassion,” conducted several case studies on the subject. Practicing some of the exercises in her book is a great place to start.
10. Create More Opportunities by Learning How To Fail
Don’t let failure cripple you from reaching your goals.
Often, failure can limit your choices to only one–do nothing. Since Western culture is competitive, it’s obvious why most people fear failure.
Instead, view failure as a learning experience. For example, it took Thomas Edison more than 1000 tries to discover the light bulb. This is an extreme scenario, but you get the point.
Once you realize that you can continually improve through your mistakes–failure becomes beneficial. You’ll know the potential of learning from your mistakes–removing the limits most people place on themselves.
Unleash Your Potential To Creating Wealth
So you know many strategies for building an abundance mindset—now what?
Start improving in all these areas. Once you learn to be happy with less money, you’ll be in a better position to earn more. The best part is that you won’t depend on money to make essential choices.
You’ll have more and give more to others.
It’s easier to feel happy once you earn more money–but how long would this last? Not too long–I know this because I experienced how quickly my excitement faded away after earning more money. The real challenge is learning how to be wealthy without earning more.
As Gary Vaynerchuck puts it nicely,” If you’re happy and content, you’ve won.”
Have An Abundance Mindset To Be Happy
Imagine feeling fulfilled and positively impacting the lives of others.
You’re not a millionaire. Yet, you’re not broke and live happier than ever.
How great would this be?
The truth is, you can start feeling happy today. You can put yourself in a position to give to others and feel grateful for what you already have.
Some of the wealthiest people in the world still feel poor–earning more money isn’t the answer.
Most of the abovementioned choices can help you live happier and overcome limiting beliefs. When you’re at peace with yourself, amazing things will happen in your life. Changing your mindset to spot new opportunities won’t be easy.
But I have a feeling that you’re up for the challenge. Start by mastering one strategy at a time, working your way down the list. Consume motivational content, so you never run out of fuel.
Become too stubborn to quit.
Happiness is something that we all strive for. Isn’t this worth all the sacrifice?
