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We’ve all made poor spending choices, even when we sometimes know better; it’s what makes us human. With that in mind, students will explore their financial personality types to examine how emotions and past experiences impact our spending and saving. Students will also explore how their financial choices are impacted by outside factors, leading to choices that might not be in our best financial interest, followed by empowering tips and strategies to retrain their brain for better financial decision making. By helping students identify and define their personal relationship with money, this course can serve as the foundation upon which healthy financial habits can be built.
There is a HUGE difference between an ABUNDANCE MINDSET VS. SCARCITY MINDSET. The path that your life takes depends,
in part, on the mindset that you adopt. You can choose to either view the world as abundant or scarce, but they cannot co-exist.
The abundance mindset flows out of a deep inner sense of personal worth and security. It is a paradigm that is grounded in the
belief that ‘there is more than enough’ for everyone. Alternatively, a scarcity mindset is the belief that there will never be enough,
resulting in feelings of fear, stress, and anxiety.
In his book, The 7 Habits of Highly Effective People: Powerful Lessons in Personal Change, Stephen Covey explains that when you
live in a world of scarcity, you compete for available resources, even when there is an abundance of them. What type of mindset do
you ascribe to? One mindset will imprison you, while the other one will set you free.
Anything that you want to create in your life starts in your mind. The way that you think determines how you live. The two most
powerful words that you can say are, “I am”, because what you say after it shapes your reality.
Choose wisely. Your thoughts are powerful. Unfortunately too many people operate from a scarcity mindset.
Have you ever experienced that voice inside of your head that tells you, “I can only have this much”, “I don’t deserve wealth”, “I’ll
never be successful.”
These beliefs are disempowering and only serve to keep you in a place of limitation and deprivation. The good news is that you
have the power to change your life.
Stephen Covey first coined the term ‘scarcity mindset’ in his book, The 7 Habits of Highly Effective People, and described it as the
zero-sum paradigm of life. People who adopt this perspective don’t take responsibility for their lives.
They are dabblers; short-term thinkers who stay at the surface, give up at the first sign of a challenge, and never fully commit to
anything. They complain about not having enough time, money, energy, or resources to achieve their goals. Limiting beliefs run
their lives. As a result, they never grow and achieve success.
Conversely, a person with an abundance mindset focus on possibilities and what is working. They view failure as an opportunity to
grow and learn about themselves and the world. They are masters; they focus on the long-term, are committed to everything that
they do.
Most importantly, they are humble. They believe that sharing knowledge, providing value, and supporting others' growth is
important to living a life of service.
Which modality of thinking do you live by?
If you are living with a scarcity mindset or want to learn how to attract a greater amount of abundance into your life, below are five
traits of an abundance mindset:
People with an abundance mentality view a missed opportunity or failure in life as a stepping-stone to greater knowledge and
success. When they fail, they bounce back. In the words of Winston Churchill, “Success is walking from failure to failure with no loss
of enthusiasm.”
Failure is what builds resilience. If you want to achieve success in life, you need to embrace failure. Don’t view it as a deficit, but
rather a lesson that teaches you more about who you are and what you are capable of.
If you want to attract abundance into your life, it is important that you learn how to master your mind and emotions. Reactive
people adopt a victim mentality, and believe that their lives are run by external factors. People who adopt an abundance mindset
consciously create their realities.
They only concern themselves with what they are able to control and change. Take charge of your life. The only thing that you have
control over is YOU. Don’t react to life, but rather respond to it with an open mind. You are a product of the decisions you make
If you want to achieve anything in life you need to maintain an optimistic belief that your desires will be satisfied. An optimistic and
positive attitude is precursor to a life of happiness, fulfilment, and gratitude. Martin Seligman defines optimism as, “reacting to
problems with a sense of confidence and high personal ability.”
Specifically, optimistic people believe that negative events are temporary, limited in scope, and manageable. “Everything can be
taken from a man but one thing: the last of the human freedoms to choose one’s attitude in any given set of circumstances, to
choose one’s own way.” ~ Viktor E. Frankl
Your attitude is everything. No matter what happens in life, if you view challenges from a positive lens, there is nothing that will
stand in your way of success.
Always remember that your vibe attracts your tribe. Your environment has a powerful effect on your behavior. If you want to live an
abundant life, it is important that you surround yourself with people who ascribe to the same philosophy of thinking as you.
Jim Rohn once said that, “You are the average of the five people you spend the most time with.” Are the people in your life bringing
you in alignment with your true self? Do they possess an abundance mindset?
Surround yourself with people who bring abundance, joy, and happiness into your life so that you can become the best version of
When you compare yourself to others, it takes the focus away from the massive amount of abundance that already exists inside of
you. “When you doubt your power, you give power to your doubt.” ~Honore de Balzac Focus on your path and your personal growth
and development. Take the actions necessary in order to improve yourself and achieve your goals.
Nobody is YOU, and that is your power. Don’t come from a place of scarcity, but rather make a choice to live from a place of
abundance. Practice gratitude every day and know that you are exactly where you need to be.
In the words of Peter Diamonds, “Creating abundance is not about creating a life of luxury for everybody on this planet; it’s about
creating a life of possibility.”
When you learn how to tap into the infinite abundance that lies in front of you, you will start to change your mindset from one of
scarcity to one of expansion. The secret to having it all is believing that you already do.
I challenge you to adopt these five traits of an abundance mindset. When you do, everything in your life will change for the better.
Are you ready to learn how to create an abundance mindset so that you can be unstoppable in every area of your
life? CLICK HERE to join my Life Mastery Accelerator program!
I am a firm believer that if you choose to adopt a character that is rich in abundance, you will become a master of your life. The
beauty of life is that at any given moment, you have the power to change your life. If you choose to make the mental shift, from a
place of scarcity to one of abundance, you will transform your entire life.
i am living proof that this works. Years ago I possessed a scarcity mindset and it negatively impacted me on a physical, mental,
emotional, and spiritual level. Once I made the decision to change my mindset, and walk the path of abundance, great things
started happening.
I’ve observed a lot of people in my work and in my life that are consumed by a scarcity mindset, so much so that it holds them back
from living to their full potential. In particular, I see a lot of examples of people that have incredible external abundance, but that
live in a state of fear.
They have a lose-win mindset, which says that, ‘there is only so much pie to go around, and if you get some, there will be less for
me.’ Adopting this mode of thinking only results in a life of fear, stress, and anxiety.
Below are 3 differences of abundance vs. scarcity mindset:
Those with an abundance mindset understand that in order to grow, you need to get out of your comfort zone and take a risk in
order to achieve their goals. They welcome change and see it as an opportunity to grow and expand. Those with a scarcity mindset
are fret by fear. They think small and avoid risk at all costs.
A person with an abundance mindset believes that there is always more of everything in life, whether that’s money, relationships,
resources, opportunities, etc. Alternatively, someone with a scarcity mentality lives in fear that they are going to lose their time or
money. Because they believe that there will never be enough, they are in constant competition to ‘stay on top’.
A person with an abundance mindset focuses on the limitless possibilities that exist in life. They choose to think in positive terms
about everything that happens in life, good or bad. As a result of this way of thinking, they attract amazing experiences and
opportunities into their lives. Alternatively, someone with a scarcity mindset always dwells on what isn’t working in his/her life. They
adopt a victim mentality and blame others for their failures, instead of taking responsibility for their actions.
These are some of the differences between abundance vs. scarcity mindset. Do you think you are suffering from a place of scarcity
or abundance? If you are living from a scarcity mindset it’s time to make a shift. How? Start with your beliefs. Focus on giving more,
whether that’s your money, your time, or your love.
For example, one of my rituals involves giving. I do a lot of philanthropy work that inspires me to live from a place of abundance
every day. The more that you give, the more you will receive. Another option is to take a leap of faith and hire a coach, find a
mentor, or attend a seminar or event that will inspire you to change your mind set.
Allow for more abundance to flow into your life. If you do so, the end result will be life mastery. William James said it best “The
greatest discovery of my generation is that a human being can alter his life by altering his attitudes of mind.” When you adopt an
abundance mindset, your life will change forever.
This week I wanna talk to you about a subject that we often avoid. That’s right. We are going to have a courageous, dignified
conversation about MONEY, MONEY, and MONEY! One of the questions I get asked a lot is: “Jones, how do I transform my
money mindset from lack and scarcity to a place of prosperity?”
In order to begin to change, you have to understand that we all have a money BLUEPRINT and HISTORY. We didn’t create it. It
came from our parents, our community, our spiritual and religious upbringing, and our economic experience.
In fact, by age 10 our belief system around money begins to take shape…and by age 21, we all have a completely developed
belief system about money—most of which is unconscious. Isn’t that Cray, Cray?
The gift of being in this tribe is that we know in order to transform, we have to bring the UNCONSCIOUS to the CONSCIOUS. That
means DIGGING DEEP and discovering your own belief system and relationship with money.
When I dug deep into mine, I realized that I held these key beliefs:
Wealthy people were stingy or greedy…
Their kids have all kinds of problems…
You couldn’t be wealthy and spiritual at the same time…and the list went on and on.
It wasn’t until I began challenging those beliefs that I was able to realize they were JUST NOT TRUE. And only then could I begin to
create NEW beliefs to take their place.
I invite you to dig deep and uncover your beliefs around money. Are they serving you? If so, keep them. If not, challenge them. Ask
yourself: “Are you living in a relationship with money that you CREATED or that was CREATED FOR YOU?”
Please share in the comments below which part really hit home for you. Did I push one of your buttons? Was there a message in
there you needed to hear?
Tips for Stepping into your Power
A question I get asked a lot is, “Lisa, how do I step into my power?”
Raise your hand if you’ve ever wondered that yourself. I see those hands waving in the air. Trust me when I say #YANA (you are not
That’s why this week, I’m going to share some tips on not only how to STEP INTO your power, but more importantly, how to STAY
in your power even when things around you are turbulent…when things around you are uncertain…or when things around you
are constantly changing.
The number one way to step and stay in your power is to understand that your power is always with you–even when you don’t feel
like you have it. You see, your power, your strength, your resiliency, and your tenacity are not determined by the weather outside or
politics or social movements or health conditions. Your power and your resiliency are ALWAYS there. Some days it’s
active, and you’re living in your power…you’re owning it…you’re walking with it…you’re walking beside it…you’re walking in front of
it. Power is everywhere around you. And on other days, you have it, but you set it on the shelf temporarily.
No one took it away from you. I know there are times we may feel powerless, but no one can take your power. No one. You may
have to dig into your reserves. You may have to think about it differently. But power is always yours. You’re always in the driver’s
seat of your life. Now, I know that things may happen to you, but I promise you that there’s a point when you can slide right back
into the driver’s seat.
Years ago, I was in an abusive relationship and felt like I lost my power. Whenever you feel this way…like you lost your power…what
you’ve really lost sight of is who you are and who you’ve always been.
Affirmations. Take post-it notes with affirmations and stick them wherever you spend time. The first place I stuck them was on the
bathroom mirror, so that while I was brushing my teeth I could look up and see a reminder to get back into my power. I saw a note
that said “Lisa, you are built from greatness…Lisa, you’re a divine being…Lisa, you’re a child of God…Lisa, greatness is your
birthright…Lisa, and happiness is your birthright.” I put these notes on my headboard and on the back of my front door. I would
go to bed and see a note that said, “Lisa, you only have to accept healthy love.” I would walk out of my house and see a note that
said, “Lisa, you are ready for the world and the world needs you.”
Those affirmations were instrumental in getting me back up and back into my power. Turning my crawl into a walk, and my walk
into a run, and my run into a soar. So, if you really want to get back in your power, you need to remind yourself of who you’ve
always been.
Another strategy is to find people who can remind you of who you’ve been. People who can pour into your ears and into your soul.
People you can call and say, “Can you remind me of what a great mom I am?” “Can you tell me all the reasons I’m good at what I
do?” Sometimes you just need a little evidence. Sometimes you need to look at yourself through someone else’s lens, because
their lens of you is often clearer than your lens of yourself.
There are some days when it feels like you’re getting further and further away from your powerthe power that keeps you in peace
and the driver’s seat of your life instead of a victim of your life. Things like COVID or social injustice or an unexpected death of a
loved one can throw you into the passenger seat or the backseat or even the trunk. I want you to know that it is your birthright to
climb out of that truck, climb out of the backseat, scoot over from the passenger seat and get back into the driver’s seat and
declare, “This is my life and I get to run it from the beginning until the end.”
The strategy I use to live in my power is to find a tribe of high-conscious cheerleaders. Make sure they are high-conscious thinkers.
Low conscious thinkers will always want you to keep them company. Get your cheerleaders that are going to require you to stand in
your greatness. These cheerleaders can reflect back to you what they see when you are in your most powerful space. Then, you can
rinse and repeat. I always ask for feedback. Leaders, gladiators and unicorns always do because we take that feedback and apply it.
Because that’s how we grow.
Remember this show is not a monologue. It’s a dialogue and here we have juicy, courageous conversations. I love reading your
comments and seeing you engage with one another. It makes my heart sing. So please, share with me your biggest #BOL
(breakthrough out loud) or #AHA moment in the comments below. What hit home for you? Are you dancing in your power right
now? Or do you feel like you slid out of your power and are in the passenger seat? Was this the reminder you needed to move back
into the driver’s seat?
It’s your girl Lisa Nichols here, and this week I wanted to talk to you about giving yourself what I like to call your “butterfly wings.”
In other words, having a conversation about moving from the YOU that you are to the YOU that you’re becoming.
Recently I purchased a caterpillar, and the gentleman I bought it from said it’s going to turn into chrysalis. And then, it will be
wrapped into a cocoon. He said it will move around like it’s struggling but whatever you do, DO NOT disturb the cocoon. It will take
several days or even a week or two, but the butterfly will emerge and then fly away and begin an entirely new journey.
Now, I LOVE that because the mere concept of a caterpillar becoming a butterfly means it’s going to go through all types of
changes…all types of experiences. It’s going to look different. It’s going to feel different. It’s going to feel expanded. It’s going to be
In this week’s blog, I wanted to share how your own personal transformation can mirror that of the caterpillar turning into the
butterfly and how you can be present and focused on exactly where you are at this exact moment. My
brother from another mother, Sean Smith, said when a caterpillar is a caterpillar, it is not thinking about being a butterfly. And when
the butterfly is a butterfly, it is not thinking about its past as a caterpillar. It’s focused on exactly where it is in the present moment.
There are a lot of diamonds to be mined out of this, such as:
…Where in your life can you be exactly where you are and be present to it?
…You can appreciate your past, but don’t live in your past.
…Don’t wish things were the way they were in your past.
…And even in this crazy time of our lives, don’t wish things to be the way they were.
…Allow them to be exactly as they are in the present tense.
Another big take away from my caterpillar experience is that I realized, if I were to cut into the cocoon thinking I was helping or
speeding up the process or eliminating the struggle, it would have never completed the transformation.
You know how at times we want to remove the struggle from our children or remove the struggle from our spouse or partner or
family members? We want to come to their rescue. If I were to have tried to “rescue” this butterfly, it would have lived and died
without ever flying because it is in the struggle to get out of the cocoon that the butterfly creates its muscles and wings.
So, if you are preparing to soar in this next season, be present to where you are in the current season as you are preparing to fly. If
something feels like it is a bit of a struggle now and you feel constricted…perhaps like you have to push and push and push…it
could be because you’re developing the muscles that are going to help you soar.
Without what we call a “struggle” (which could just be an exercise in patience or flexibility or how able you are to give yourself
permission to pivot), you might not build the muscles you need to break out of your cocoon, grow your wings, and soar.
So, I invite you to get ready for the marathon. I invite you to be willing to build your muscles and spread your wings. I invite you to
be willing to honor whether you are a caterpillar or in a chrysalis or a cocoon. If you feel yourself outgrowing the space you are in
or a job or a relationship, you have permission to spread your wings. Some people may not be able to handle how wide your wings
spread. But I invite you to spread them anyway and allow your butterfly to show up in all of its beautiful colors and beautiful shape
and all of its uniqueness.
And then, you’ll come into another season. You’ll be back in another cocoon, and you’ll grow again. We are a forever changing and
morphing set of humans. Give yourself permission to constantly morph. To constantly change. To constantly expand. To constantly
evolve. What fit you three years ago may not fit you today. And that’s ok.
I love reading your comments and hearing your AHA moments. So please let me know what this particular episode opened up for
you. What parts of your life do you feel like there is a cocoon surrounding you that you know you are breaking out of? What parts
of your life do you feel that your wings are spreading like they’ve never spread before? Please comment and share your #BOLs
(breakthrough out loud) below as we read them, and they matter.
Remember, this is your home, and we are your tribe. And as you navigate through your growth and expansion and spread your
wings, I’m going to always be there. I believe in you and I love youone butterfly to another!
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