The Daily Mastermind
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Episode 573 · Apr 29, 2022

Abundant vs Scarcity Mindset: How to Choose and Build Abundance Daily

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Most people assume they think abundantly. Then life gets hard, business slows down, or someone else succeeds ahead of them, and suddenly they are focused on expenses instead of revenue, problems instead of solutions, and what they lack instead of what they can create. In this episode of The Daily Mastermind, George Wright III breaks down the real difference between an abundant and a scarcity mindset, explains why abundance is a deliberate choice, and gives you a practical framework for building it every single day.

What Is a Scarcity Mindset and How Do You Spot It?

A scarcity mindset is built on the unconscious belief that everything is limited: your time, your money, your opportunity, your relationships. When that belief is running in the background, fear drives your decisions instead of faith. You focus on problems rather than solutions. You play defense in business and in life, trying to protect your downside instead of driving your upside. You may even try to save your way into profit rather than growing revenue.

George points out one sign that catches a lot of people off guard: jealousy. If someone else's success makes you feel worse about your own position, that reaction is a signal that your mindset is operating from scarcity. You believe there is only so much to go around, so their win feels like your loss.

"When you're in a scarcity mindset, you're afraid of missing out. You fall victim to the fear of missing out, the FOMO that a lot of marketers like to use in order to suck you in."

Why Abundance Is a Choice, Not a Circumstance

Abundance does not arrive automatically when conditions improve. George is direct: abundance is a choice, and it requires faith outside yourself. Your current level of abundance, or the lack of it, is a direct result of the mental blueprint you have been building through your experiences, your self-talk, and the beliefs you have accepted over a lifetime.

T. Harv Eker, whom George credits as one of his mentors, introduced the concept of the money blueprint: the internal programming that determines how much prosperity you allow into your life. That blueprint extends beyond money into relationships, lifestyle, and potential. The good news is that a blueprint can be rewritten. The requirement is that you choose to rewrite it, deliberately and repeatedly.

How Abundant Thinkers See the World Differently

George lays out a direct contrast between the two mindsets across several dimensions:

  • Abundant thinkers have faith; scarcity thinkers operate from fear.
  • Abundant thinkers focus on solutions; scarcity thinkers focus on the problem.
  • Abundant thinkers see opportunity; scarcity thinkers see obstacles.
  • Abundant thinkers think big and play offense; scarcity thinkers think small and play defense.
  • Abundant thinkers celebrate others' success; scarcity thinkers feel threatened by it.
  • Abundant thinkers stay teachable; scarcity thinkers assume they already know enough.

The shift is not about pretending problems do not exist. It is about choosing your starting point. Do you begin from what is possible, or do you begin from what is missing?

"By being the greatest cheerleader, you're going to have people cheering for you."

The Common Traits of Abundant Thinkers

George identifies four qualities that abundant thinkers tend to share, and that you can develop as deliberate habits:

Gratitude. Learn to want what you have, not just have what you want. Gratitude is not passive contentment; it is an active practice that rewires your expectations toward fullness rather than lack.

Appreciation. A deeper form of gratitude. The more fully you appreciate what is already in your life, the more room you create for additional abundance to enter.

Generosity. Give what you want to receive, not because you expect a return, but because giving from abundance reinforces the belief that there is more than enough. Scarcity hoards; abundance circulates.

Embracing change. Change is an expression of faith that things can and will work out in your favor. Resisting change is a scarcity behavior. Welcoming it is an abundant one.

How Your Inner World Drives Your Outer Results

George draws on a principle T. Harv Eker taught him: we live in a world of duality. Up and down, good and bad, abundant and scarce. That duality also exists within you as an inner world and an outer world. What you cultivate internally will eventually show up externally.

This is why so many people chase money, success, or opportunity and come up short. Those are results, not causes. The cause is your mindset. Tend the roots, and the fruits will follow.

"Focusing on your mindset is the cause that will result in abundance. So many people are focused on the money and prosperity, and they don't realize that's a result."

Action Steps

  • Audit your mindset daily. Before making a significant decision, ask yourself: am I starting from a place of faith and solutions, or from fear and problems? Name it, then consciously reframe it.
  • Practice daily gratitude. Write down three things you appreciate about your current situation each morning. This is not a cliche; it is a neurological reset that shifts your default baseline.
  • Celebrate someone else's success this week. Find a colleague, friend, or peer who is winning and genuinely acknowledge it. Notice what that feels like, and practice it until jealousy stops being your first response.
  • Watch your self-talk. Your subconscious picks up what you say to yourself even when you do not say it out loud. Be as deliberate about internal language as you are about what you say publicly.
  • Stop comparing yourself to others. Run your own race. You are your own competition. Comparison is a scarcity habit; focusing on your own growth is an abundant one.

Abundance is not a destination you reach when your bank account hits a certain number. It is a discipline you build through daily choices, daily habits, and daily faith that there is enough for you and for everyone. As George says, you get what you focus on. It is never too late to start living the life you were meant to live.

READ THE FULL TRANSCRIPT

Welcome back to The Daily Mastermind, George Wright III here. How was your week? How was your week so far and how's it going? So glad you're here and I'm glad that we can talk today about some positive. Let's talk about abundance. You know there's so many things going on in the world right now. I think there's so much talk about scarcity and resources and And man, it's just a lot of negative stuff. Let's talk today a little bit about abundance and the ability to create an attitude of abundance. I mean, I'll tell you what, there is so many benefits to creating that discipline and that mindset of abundance. You know, it really is the ability to truly believe and have faith that there's enough. There's enough for you. There's enough for whatever you're trying to create in life. and that your potential and your prosperity and your ultimate life is infinite and that there is the ability for you to be able to create and manifest whatever it is you want in your life. The challenge, though, and the challenge is that our mindset and our mental blueprints that we've formed over our whole life, our experiences, have continued to create a lot of limiting beliefs for you and for me, right? So limiting beliefs are the things that are going to stand in the way of you creating an abundant mindset. So what you have to do is you have to learn to program your mind and reset your blueprint, as T.R. Vecher would say, your money blueprint, but also your relationship blueprint, your life blueprint, your lifestyle blueprint. Results in life have been created so far because of the experience that you have. Your limiting beliefs are a result of the experience and the actions and the things that you've experienced in your life. And so it's very important for you to understand that you have programmed yourself to be wherever level you are when it comes to abundance. And your ability to change your blueprint is going to require a couple of things. And these things are very, very important for you to think about. It's going to require some faith. It's going to require some persistence. and it's going to require some dedication. I think we all know that abundance doesn't come easy, but I think very few of us put the time and energy into it to break down and dissect what it's going to take for us to create an abundant mindset. So let's start today by talking about what it's going to take. And one important thing I want to mention right out of the chutes is that abundance is a choice. It really is a choice. because abundance is going to come from outside you if you want to increase the abundance you have. And it's based on faith outside yourself. It requires a decision to actually choose abundance. Because I know it's difficult. It's going to be certainly difficult for you to think more abundantly than you're at right now because you have challenges. You have bad experiences and circumstances. You maybe have experienced situations where you didn feel up to the task or where your business did fail or where your relationships didn work out And so it might be difficult It might be hard for you to really mentally grasp the fact that there's a lot of abundance out there waiting for you. But this just means that you need to work on it, and you need to build that mindset until it becomes automatic. Because when you can become an abundant thinker, and you can create the habit of becoming an abundant thinker, more things are going to go your way because more things are expected to go your way. And I think creating daily rituals will help you to create more abundance in your life. There's a lot of things you can do on a day-to-day basis to create that habit, to create that abundant muscle. It might be affirmations. It might be service to others so that you get outside yourself. It might be a practice of gratitude. We'll talk about more of those here in just a second. But before we talk about how to build that abundant thinking and blueprint, let's break down a little bit of the difference between abundance and scarcity mindset. Because even though you may not feel that you're in a scarcity mindset, I think all of us, all of us have been in that at one time or another and on off and on. I believe recognizing and outlining the difference between that abundance and scarcity mindset is super important to identifying what the best approach is for you. So let's start with a scarcity mindset. With a scarcity mindset, you believe, even if it's not conscious, you believe that everything's limited. Your time, your resources, your money, your opportunity, your wealth, it's all scarce. It's scarce resources. How many times have you thought about the fact that, I just don't have enough time, I don't have enough money? When you think like that, you're developing a blueprint for a scarce mindset. This makes you worry and it makes you become fear-based in your decisions. You operate out of solving problems rather than operating from solutions. You come and you start from a place of lacking and limiting perspective. I hope you see that. I hope you realize that because when you're in a scarcity mindset, you're afraid of missing out. You fall victim to the fear of missing out, the FOMO that a lot of marketers like to use in order to suck you in, right? You're afraid of not having enough and you try to, maybe even in your business, you try to save your way into a profit. You try to avoid ways of losing money. Does that sound familiar? So that's a scarcity mindset. With an abundant mindset, you believe there's plenty for everyone. You don't get jealous of other successes. There's plenty of wealth. There's plenty of happiness. There's plenty of fulfillment. There's plenty of potential life partners. There's plenty of resources to go around. You operate from a place of unlimited potential, and you always have this starting point of starting from solutions and the big picture rather than being focused on the problem. You're also willing to celebrate the success of others. I know this is tough for a lot of people. It's been tough for me as well because if you have an abundant mindset, you know there's plenty of success to go around. You want everyone to be successful. And as a result, by being the greatest cheerleader, you're going to have people cheering for you. And in your business maybe you even drive the profits and the upside You don just protect your downside You good at playing offense not just defense These are really the differences between a scarcity and abundant mindset And look, I've run and built and grown several businesses. And I've operated from both mindsets. I remember times when I was worried about expenses more than I was worried about driving the revenue. And sometimes that can cycle and snowball on you, right? Somehow, you know, those times even seemed more difficult of a struggle at the time. And I don't believe that there was really, they weren't really harder situations. I think I made them harder on myself. And I still had struggles when I was focused, you know, on the abundance at times too. But it was just simpler and a little easier to focus on solutions when I had an abundant mindset. You know, it just becomes harder for you to operate and create progress in your life when you're coming from a limited faith, belief, and focus, and you're not focused on the big picture, and your belief that things will work out. And so I know we all have times in our lives that, you know, we have operated from both a scarcity or an abundant mindset. And I know that we've all had times in our life when, for example, you've been jealous of others' success. You know, why is it that I can't get there yet? Why is it that it seems so easy for them? Why is it, you know, that that's happening? And having that mindset just leads you to scarcity. and more scarcity, which keeps you back from your potential. So you have to learn to believe there's enough for you too. There's enough for everyone. And this abundant mindset is something I really want you to adopt. You know, I really love the principles taught by T. Harv Eker, one of my mentors for a while. When he talks about the fact that we live in a world of duality, you know, good versus evil, up, down, good, bad, abundant, scarce. and he brought that concept up because we need to realize that there's also an inner world and an outer world and what you do on your inner world will manifest itself in your outer world and so it all starts with your mindset and we live in this this world of cause and you know result action and reaction cause and effect and so success and prosperity and and true abundance and money, it's all going to be a result of something you develop on your mindset. And that's why I talk about this so much with mindset, because focusing on your mindset is the cause that will result in abundance. So many people are focused on the money and prosperity, and they don't realize that's a result. It's not something you go for. You go for the mindset, because the mindset will cause the result to happen. The roots will create the fruits, right? So let me give you a couple of examples of some things I wrote down here. Abundance versus scarcity. Abundant thinkers have faith, and scarcity thinkers operate from a place of fear. They're afraid of things. They're trying to avoid things. Abundant thinkers focus on solutions, and scarcity thinkers focus on the problem first. Abundance is opportunity, and scarcity is obstacles. Are you looking at the obstacles, or are you looking at the opportunities? Are you looking at the learning or are you looking at the failure Do you feel like you failed or do you feel like you learning That the difference between abundance and scarcity Do you think big or do you think small Are you proactive or are you reactive? Are you playing offense with your business and relationships or are you playing defense? Are you teachable or do you know it all? There's one for you. Are you teachable because you're abundant and you realize there's so much you can learn or do you know everything already? Do you celebrate the success of others or are you jealous of the success of others? It's not just about jealousy. This is about abundance and scarcity. You've got to understand. And are you around positive people or are you around negative people? Because that is going to influence you. I'm telling you. So do these things that are abundant and you'll create an abundant mindset. Also, I want to give you a couple of qualities that I think abundant mindset or abundant thinkers have as a common trait. I believe if you focus on these things, you'll also create this in your life, and you'll own a life and a personality and a characteristic of abundance. Abundant thinkers are grateful. They practice gratitude. Learn to want what you have, not have what you want. Let me say that again. Do you want what you have, or do you want to have what you want? That's gratitude. Appreciation is another one. A great form of practicing gratitude and you can form a more deeper appreciation for what you have. You will have more. Generosity is also something, a common trait of abundant thinkers. Give what you want to receive, not because you want something. And also embrace change. Change is your ability to have faith that things will work out in your benefit. Don't avoid change. Embrace change. That's a quality of an abundant thinker. Now, I know we're done with time, so I want to give you a couple of final reminders. Daily reminders to focus on positivity. Daily reminders. Put it on your phone. Write it on a sticky note, whatever it is. And then positive self-talk. Be really careful what you say to yourself. Even if you're not saying it out loud, even if your actions are something else, your subconscious mind picks it up. So be careful what your self-talk is. And also, stop comparing yourself to others. Run your own race. It's not about others. You are your own competition. That's the key that I want you to be thinking about today. And that's the message today. Let's focus on abundance and you're going to get what you focus on. So let's focus on abundance and have a more abundant mindset. That's my message for today. Do me a favor. Give me some feedback here. Hit me up on The Daily Mastermind on Instagram or Facebook. And send me some feedback on what you think of this topic of abundance and what you do to create abundance for yourself. and also if you haven't already, like and subscribe this podcast and share it. Share it with someone that needs it. Share it with someone that you know. Share this message so that we can get the message out. That's the message for today. I hope you have an amazing day. Look forward to talking with you next week. Once again, my name is George Wright III and this has been The Daily Mastermind.

About the host
George Wright III, host of The Daily Mastermind

George Wright III

George Wright III is an entrepreneur, investor, and the host of The Daily Mastermind. Over more than two decades he has founded and scaled several multimillion-dollar companies and built a renowned seminar business that put some of the world's biggest names and brands on stage. With 25+ years across marketing, sales, and executive leadership, he's made a career of turning bold ideas into results — and momentum into lasting growth.

Today his mission is singular: empower driven entrepreneurs everywhere to master their mindset, unlock their potential, and live their ultimate destiny. Through The Daily Mastermind, George shares the Prosperity Principles and strategies that help people create massive change — in their business and in their life.

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