In this episode, we dive into the concept of the scarcity mindset with our in-house guest expert, Joyce from The Conscious Leadership Group. Joyce explains how a scarcity mindset impacts both personal and professional lives, often driven by three toxic fears that manifest in our behaviors and decisions. We explore the pervasive belief that "more is better" and its detrimental consequences on business and personal development. Joyce provides insightful strategies to shift from the belief that "there is not enough" to cultivating a mindset of sufficiency.
We also discuss how sufficiency is not an amount but an experience, and Joyce shares practical ways to cultivate this experience in our lives. Addressing common misconceptions about sufficiency, Joyce reveals how perspective shapes our experience of abundance or lack, particularly regarding time and money. She introduces the three truths of sufficiency, guiding individuals toward a more abundant mindset.
Tune in to gain insights and practical strategies to overcome the lies of scarcity and embrace a life of abundance and sufficiency.
00:00 Introduction
00:37 What is Scarcity Mindset?
02:59 The lies of Scarcity Mindset
04:41 The 3 toxic fears of Scarcity Mindset
05:01 #1: More is better
05:49 #2: There is not enough
07:00 #3: That’s just the way it is
08:58 Sufficiency Mindset vs Scarcity Mindset
11:55 The 3 Truths of Sufficiency Mindset
12:26 #1: Money is like water, you direct where it goes
15:17 #2: What we appreciate, appreciates
17:11 #3: Collaboration creates prosperity
19:13 How to cultivate self-worth beyond external measures of success
21:39 Soul Domain vs Money Domain
24:00 Final thoughts
25:35 Exercise: Sufficiency Meditation
Follow Rachel here: https://www.instagram.com/ms_rach/
Get connected with Joyce: https://www.linkedin.com/in/joyce-chen-coach/
Additional resources:
Who We Are with Rachel Lim