There was a time I had just been promoted—a milestone I had worked so hard to achieve. Yet instead of feeling proud or accomplished, I was consumed by a relentless fear of losing the very position I had just earned. Every decision and task felt like it carried the weight of my entire career. I obsessed over proving myself, avoiding mistakes, and maintaining the approval of those around me. It felt like the stakes couldn’t be higher, and it utterly consumed me.
Looking back, I realize how much of that fear was fueled by a scarcity mindset. I was preoccupied with the idea that this opportunity could slip away, to the point where I couldn’t enjoy the moment or recognize my competence. The truth is, those “high-stakes” moments rarely hold the power we give them. That experience taught me a crucial lesson: fear narrows our focus, making everything feel urgent and scarce. But in reality, there is always room to pivot, grow, and thrive—even if things don’t go as planned.
The Scarcity Mindset: Living Out of Fear
When we operate within a scarcity mindset, mistakes seem catastrophic, evoking anxiety and limiting growth. We think small, convinced that opportunities are finite. In hindsight, it becomes clear how limiting this perspective truly is. Fear is often rooted in the worry of losing something important: a key relationship, job, client, or financial security. It preoccupies us with what we lack and fuels stories like:
“This is my only chance at a promotion.”
“I’ll never find anyone else.”
Over time, fear takes the driver’s seat and becomes part of our identity. Instead of saying, “I’m experiencing anxiety over this situation,” we say, “I am anxious,” as if it defines us. However, when we regain control of that driver’s seat, we realize we always have options. We can pivot, we can grow, and we can always learn something—even when things don’t go as planned.
Shifting Towards an Abundance Mindset
Overcoming a scarcity mindset doesn’t mean eliminating fear. It’s about learning to move forward despite it. Here are practical steps to shift from scarcity to abundance:
1. Identify Your Triggers
Scarcity mindset often stems from emotional triggers that evoke fear or insecurity. Common triggers might include:
Comparison: Feeling inadequate when you see a coworker get promoted or a friend achieve something you aspire to.
Past Failures: Reliving mistakes and assuming future opportunities will end the same way.
External Pressure: The belief that you must meet societal or family expectations to be successful.
Fear of Rejection: Worrying about how others will perceive you if you fail or speak your truth.
Once you’ve identified your triggers, work on managing them by:
Practicing mindfulness: Pause and observe your emotions without judgment.
Reframing negative thoughts: If a coworker’s promotion makes you feel inadequate, remind yourself that their success doesn’t diminish your own potential.
Seeking support: Talk to a trusted friend, coach, or therapist to process your feelings and gain perspective.
For example, if you feel triggered by a friend buying a new house while you’re renting, acknowledge the envy but also explore how this could inspire you to plan for your own goals. By understanding and addressing your triggers, you can respond with intention rather than reacting out of fear.
2. Reframe Your Fear Stories
Replace fear-based narratives with empowering ones. For example:
Scarcity: “If I don’t get this promotion, my career is over.”
Abundance: “If this doesn’t work out, I’ll learn from it and find something even better.”
Scarcity: “If I state my needs or address problems in this relationship, my partner will leave me.”
Abundance: “I want to be someone with whom I can have open and honest conversations.”
3. Focus on Growth
Scarcity traps us in a fixed mindset. Abundance embraces growth and sees setbacks as opportunities to learn and improve. Ask yourself:
What can I gain from this experience, even if it doesn’t go as planned?
How can I use this situation to build resilience?
4. Celebrate Progress, Not Perfection
Scarcity makes us feel we’ll never have or be enough. Combat this by acknowledging every step forward:
“I sent out three applications today.”
“I took the first step, and that’s progress I hadn’t made before.”
5. Practice Gratitude
Gratitude redirects attention to what you have rather than what you lack. This simple practice fosters a sense of abundance and shifts your focus from fear to appreciation.
6. Trust the Process
Overcoming scarcity isn’t about eradicating fear but about moving forward in spite of it. Trust that opportunities are abundant and that the process of learning and growing will expand your energy and your options.
A Journey, Not a Destination
Shifting from scarcity to abundance is not an overnight process; it’s a journey. It requires intentional practice, self-compassion, and a willingness to let go of fear-driven stories. But as you begin to trust in your ability to pivot, adapt, and grow, you’ll find that abundance isn’t just a mindset—it’s a way of living.
I really liked this, Dragan. Your emphases on gratitude, and focusing on the best, instead of the worst, outcome, really spoke to me. A couple years ago my son gave me a beautiful leather blank book, which I have turned into a gratitude journal. Nothing fancy, but every night I write down one thing that happened that day that made me happy. I will pull it out next December 31 to review all the good things that happened in the year.
I'm so glad I found your articles, and I'm looking forward to reading the rest.