People’s experience and environment can affect they mindset regarding poverty and riches. Poverty and riches, in essence, are products of the mind, and the way we think determines which we will manifest. It is a fact that a mind dominated by scarcity and fear of poverty will definitely manifest poverty, likewise a mind preoccupied by abundance and a burning desire for riches will, without doubt, manifest riches.
In view of the foregoing, this article seeks explore various ways one can overcome poverty mentality, cultivate rich consciousness and create abundant wealth for oneself.
Being born into a family where my parents believed in scarcity, that great wealth is an exclusive right of some selected few, and that it’s difficult to acquire riches, I grew up believing that money is a scarce commodity and that I may not become wealthy. But my belief system changed when I left my hometown to the city and my mentality about money changed, leading me to financial abundance.
It’s this experience that motivated me to share with you these tips that can help you get out of the cocoon of poverty mentality so that you, too, can benefit from them.
10 Ways to Overcome Poverty Mentality
1. Evolve a Mindset That Doesn’t Recognize Limitation
The first step to overcoming poverty mentality is by developing a mindset that recognizes abundance and closed against limitations. Poverty and riches live in our thoughts. Poverty mentality is a belief that money is scarce, and that it’s impossible to acquire riches and achieve anything great. This is a myth. It’s not true.
To switch your mind from poverty mentality to riches mindset, you must recognize and believe that you have the inherent ability necessary to achieve anything you may want in life. Riches are not far from you; they are within your reach, you just have to believe you can. People are doomed to poverty because they see themselves in lack instead of abundance, which made them lack motivation and inspiration to take action to change their lives. Develop a mental attitude of positivity and possibility and you will see yourself achieving anything you may desire.
2. Get Financial Education
Learning how money works, how to acquire money and its management will help you understand that money is not a scarce commodity as you may have previously believed. This will change your views on money and motivate you to take actions to change your financial life. What a poor man lacks is the knowledge of money, not money itself.
3. Be Grateful for all the Blessings You Already Have
Showing gratitude for what you already have instead of complaining about what you don’t have will help you to visualize abundance. Be grateful enables you to picture yourself actually in possession of what you lack, and, therefore, spur you to work towards achieving them. Rather than complaining, be grateful and see how happy and motivate you would feel.
4. Associate with Rich People and Supportive People
An aphorism has it, “show me your friends and I will tell you who you are.” You are an average of people you associate with. Associating with people with rich mentality will make you begin to think rich, thereby shifting your poverty mentality to riches mindset
Mingle with people who motivate, inspire and support your financial goals. Avoid people with negative mindset. You can follow people who can help you shift your mindset on social media platforms, such as Facebook, X, Instagram etc. knowledge is everywhere. Read self-help books to enlighten your mind and keep yourself motivated and inspired.
5. Take Responsibility
Taking responsibility for your financial woe will help get out of poverty. Consider your financial inadequacy as your decision or indecision. Blame no one but yourself for you poverty; it is your responsibility.
Blaming your background, family members and unfavorable government policies cannot solve your problem. You’re responsible for what you become. This kind of thinking will help you to take an informed decision to change your life.
6. Set Definite Goals
Setting a clear definite goal of solving your financial problem will keep you motivated and driven to accomplish it. A definite goal backed by a burning desire and directed action will keep one’s mind active and persistent.
7. Celebrate Other’s Success
When you are happy for other people’s achievements, you will feel inspired and motivated to achieve yours. Jealousy is a poverty mentality that makes people feel angry for other people’s successes, thereby impeding them from achieving theirs. Again, jealousy is a negative emotion that can cripple and block your mind from thinking of how to solve your problem. So, celebrate others and you will be celebrated.
8. Take Calculated Risks
Poor people are afraid of taking risks. They fear that they may lose their money or relationship if they take certain risks. Taking a calculated risk is not about taking some careless chances, but weighing the possible loss and gain of any venture involving risks. Acquiring riches involves taking some calculated risk, and taking risk means you have evolved riches mindset. Fear is an enemy and it is nothing but an illusion.
9. Kill Entitlement Mentality
Entitlement is a poverty mentality in which people think that others owe them fortune. Poor people think that their relatives, rich friends or government owe them financial adequacy. This kind of thinking can cripple one’s mind and body, making it impossible for them to conceive an idea and take action that can turn their lives around. You must know that nobody owes you anything. Only you can decide what you want in life, plan how to get and go after it.
10. See Failure as a Temporary Defeat
Failure is nothing but a temporary defeat, which offers one an opportunity to learn and take an informed decision and action. It is an opportunity to learn and improve. You cannot achieve anything worthwhile without experiencing defeat and discouragement. Cultivate a positive mental attitude when you are faced with defeat and discouraging experience. Remember that persistence is a universal principle of success, without which nothing great can be achieved.
Conclusion
If your mindset is not changed, nothing will ever change in your life. Your mental attitude is a determinant factor of what your life would be. If your mental attitude is positive, you will surely attract riches. But if your mentality is negative, you are sure to live in misery and poverty. Poverty and riches begin in the mind, you must think right to concur poverty or be doomed.
Read Also: How to Develop a Pleasing Personality
