Types of Abundance

Stephen Covey coined the terms scarcity mindset and abundance mindset in his best-selling book, The 7 Habits of Highly Effective People. Scarcity mindset is a view that life has a finite number of resources available, so that if one person gets more, that leaves less for everyone else. A scarcity mindset keeps us from achieving our goals because we feel like we can’t get the things we want because we don’t have the same luck, skills, advantages, etc. Conversely, an abundance mindset is the idea that there are limitless opportunities available to you in business and life and that there’s enough for everyone.