If only you tried hard enough or had an abundance mindset
Scarcity mindset is a real thing - but it's not the thing keeping people trapped in poverty
What is a Scarcity Mindset?
A scarcity mindset refers to the psychological process that takes place when people’s basic needs aren’t being met
Scarcity Mindset Leads to Bad Decisions
It causes your brain to panic and make choices based on the incorrect assumption that resources are scarce
It explains why the poor make (what appear to be) bad financial decisions
If this is the only money they will ever have, why save? Why not spend it on something they will enjoy to break up the suffering for a few brief moments?
But is this really what is keeping people poor? Can we really attribute poverty to bad decision making?
Of Course Not!
Some people are trapped in poverty, and you can't just "think" your way out
Societal Scarcity Mindset
We've developed scarcity mindset at the societal level, and that prevents us from helping the less fortunate
The Shift to Abundance
Society as a whole needs to shift to an abundance mindset, rather than blaming the poor for being poor.
For more on the Scarcity Mindset and how we can shift as a society!