THE REAL KEY TO BEING SUCCESSFUL,

BEING RICH, IMPROVING YOUR

FINANCES AND MAKING IT BIG IN LIFE,

UNLIKE TO WHAT MOST OF US THINK,

ARE NOT AT ALL RELATED TO TIPS AND TRICKS OF CHOOSING THE RIGHT STOCKS OR MUTUAL FUNDS TO INVEST IN. RATHER, IT IS ALL ABOUT HAVING

THE RIGHT MINDSET ABOUT FINANCE. YES, THE RIGHT FINANCIAL MINDSET AND ITS CONSCIOUS CULTIVATION IS ALL THAT ONE NEEDS TO

BE SUCCESSFUL IN LIFE.

THE SCARCITY MINDSET:

It is said that individuals have either of the two different kinds of mindsets in life – the scarcity mindset and the abundance mindset. Most of the human race, globally, has the scarcity mindset internalized deep within. This means that most people think that everything in life is scarce and one person getting something

automatically reduces the portion of the same thing for another. Hence, people having the scarcity mentality have a tough time sharing anything in their lives, be it success, recognition, power, profit, fame, etc even when the others have had a role to play in his / her attainment of it. This is simply because, these individuals feel that anybody else getting a bigger share of the pie automatically means a lesser share of himself, since the pie is scarce and there simply isn’ t enough for everybody. So, for example, some common thought patterns for people having this mindset includes – there can only be one pay hike at work and if one person gets a

bigger pay hike then nobody else can have it, my salary is a certain scarce amount of money and if I don’ t use it now it will‘ go away’ for something else, if I don’ t travel now when I’ m young, I will never be able to travel later, and so on and so forth. This mindset is not only of a financial nature, it is a life mindset and impacts each and every thought or action that we think of or act upon. The main characteristics of scarcity mindset individuals include:

Focus on extreme short term since individuals think if something is not done / got right now, it will never be done / got in future since the resource is scarce and someone else will get it.

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