Scarcity Is Your Old Story: How to Rewire Your Money Mindset

Episode 34: Summary

In this conversation, Dr. Lea explores the concept of scarcity mindset and its impact on personal finance and self-worth. She shares her personal journey with money, detailing how her upbringing shaped her financial beliefs and behaviors. Lea emphasizes the importance of recognizing and rewiring these beliefs to foster an abundance mindset. She provides practical steps and insights on how to shift from a scarcity mindset to one of abundance, encouraging listeners to embrace their worth and potential for financial freedom.

Takeaways

• Scarcity mindset can shape how we see ourselves and our worth.
• Personal experiences with money can create lasting beliefs.
• Rewriting your money story is possible and necessary.
• Patterns from childhood can influence adult financial behavior.
• Surrounding yourself with wealth-minded individuals can shift your perspective.
• Abundance is a choice and a practice, not just about money.
• Healing your relationship with money involves emotional and psychological work.
• Gratitude can transform your financial mindset.
• Recognizing scarcity thoughts is the first step to change.
• You are not defined by your past financial struggles.

Chapters

00:00 Understanding Scarcity Mindset
09:13 Personal Journey with Money
17:45 The Impact of Environment on Money Mindset
27:02 Rewiring Your Money Mindset

Resources: 

• Homeschooling Families, check out, "How to Start Homeschooling" and take the guesswork out of what to do when you're at home or anywhere
• Split or hand over your homeschooling to Purpose Prep Academy, STEAM-based microschool with online and in-person programs. Visit Purpose Prep Academy to see if it's the right fit for your family. 

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