Setting Your Mindset
Feb 28, 2023You have to ask yourself what is your natural state of mind. It's essential to approach your real estate game from the perspective that you can access many opportunities, and this is an abundance mindset rather than a scarcity mindset. An abundance mindset also helps you approach the setbacks such as those known as opportunities. Let's look more closely at each type of mindset.
Scarcity Mindset
Someone with a scarcity mindset focuses on lack and believes there's not enough to go around. Suppose you constantly worry about a lack of earnings or the absence of other resources in your real estate game, and this is what Real Estate Experts call a scarcity mindset. This thinking can trap you in a cycle of not having what you want. When you focus on the fact that you do not have something, you attract more energy, repelling the things you want by thinking about not having them.
Shifting to an abundance mindset is the only way to snap out of this cycle which requires you to do an entire mental shift. According to WebMD, having a scarcity mindset can lower your IQ by as many as 14 points. It might not seem like much, but it's enough to move your score from average to outstanding and vice versa. If you have an average IQ losing 13 or 14 points can make you fall into the deficient category.
Abundance mindset
Someone with an abundance mindset expects opportunity, and they do not worry about a lack of resources. They believe there are no shortages and that there is always more when you adopt an abundance mindset in your game, you'll have an improved connection to the opportunities all around you, and they'll magnetize to you. What's available in the physical world doesn't change what changes your perspective, and the options that were always there become magnetized to that abundant mindset.
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