Overcoming a Poverty Mindset: Changing the Way We Think About Money

💰Growing up, I felt poor because we couldn't afford the same things as others. It created a poverty mindset in me.

🚫The fear of financial devastation caused me to make actions based on scarcity and frugality rather than wise stewardship.

💡Recognizing that the worst-case scenario wasn't as devastating as I thought helped me overcome my fear of running out of money.

💪By intentionally changing my mindset and being a good steward of my resources, I've been able to overcome my poverty mentality.

👦👧I want to teach my children how to be wise stewards of their resources from a young age, so they don't develop a poverty mindset.

How did you develop a poverty mindset?

—Growing up, I saw my family unable to afford certain things that others could, which created a perception of being poor.

How did your poverty mindset affect your financial decisions?

—I made decisions based on fear and scarcity, always trying to save as much as possible, even when it wasn't necessary.

What helped you overcome your poverty mindset?

—Recognizing that the worst-case scenario wasn't as devastating as I thought and intentionally changing my mindset to focus on wise stewardship.

How can I teach my children to avoid a poverty mindset?

—Start teaching them about wise stewardship from a young age, help them understand the value of money, and encourage gratitude for what they have.

Can anyone overcome a poverty mindset?

—Yes, with awareness, mindset shifts, and intentional actions, anyone can overcome a poverty mindset and become a wise steward of their resources.

00:00Growing up, I always felt poor and believed we couldn't afford the same things as others.

03:40My fear of financial devastation caused me to make decisions based on scarcity and frugality rather than wise stewardship.

06:10Recognizing that the worst-case scenario wasn't as devastating as I thought helped me overcome my fear of running out of money.

08:55By intentionally changing my mindset and focusing on wise stewardship, I have been able to overcome my poverty mentality.