Reducing Your Mindset of Financial Scarcity

Reducing Your Mindset of Financial Scarcity

I was just rereading Bruce Lipton and Steve Bhaerman’s book, Spontaneous Evolution (2009, Hay House). In it, they write: “We must redirect our awareness toward reduction of our environmental footprint so that we shift our influence toward greater sustainability.” It struck me that we could all benefit from making a commitment to our fiscal sustainability.

So, what does it take to be less wasteful with money?

Start With an Exploration of Your Own Money Values

What is truly important in your life: for yourself, your family, and your community? Does your spending reflect this? Most people are pretty unaware of where their financial resources go. If you are intentional about how you spend as well as how you save, you will be taking a big step forward in your fiscal sustainability.

Is Your Financial Belief System Polluted With Thoughts of Scarcity?

We become what we focus on most. Do you spend a lot of time worrying about what you don’t want? Clean up your mental clutter. Use that energy to create a plan that will help you reach your financial goals. If you spend your mental resources fretting about the possibility of losing your job, how creative and effective will you truly be at work? Instead, focus on how you want your career to develop. Pick a financial area you have been ignoring and take action. Maybe you need to get your tax forms in order or get your estate plan done. Do it now, and you will feel much better!

Be a Dedicated Giver

Care for your financial environment and create a sustainable community by becoming a dedicated giver. To get started, check out LearnVest's tips on how to be a philanthropist on what you're making now. Philanthropy will help you because it encourages a mindset of abundance, which will translate to other parts of your life and interactions with money. Approximately 50% of the world’s population lives on less than $2 per day. To create true sustainability, we need not only to care responsibly for ourselves, but for others as well.

Our financial system almost crumbled last year. This is a warning: We must reduce our scarcity footprint and cultivate a financial life grounded in abundance. I can see the bumper stickers now: “Go Green With Your Green.”

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Ellen Rogin, CPA and CFP®, is the President of Strategic Financial Designs, a life and wealth advisory firm in Northfield, Illinois. Ellen is co-author of the book, Great with Money: The Women’s Guide to Prosperity. www.ellenrogin.com

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