Your financial life should have come with the instructions: "For best results, abundance thinking required!" Your financial results are a direct product of your way of thinking about money. While it's tempting to jump right into strategies and products and investments, you'll never outperform your mindset. You are your greatest investment, therefore exponential results are created by an abundance mindset.
In the famous Indian fable of the Blind Men and the Elephant, six blind men described an elephant from their perspective. One said it was like a rope, and another said the elephant was like a tree. A third said it was like a spear. The fourth, a snake. The fifth, a fan. And finally, the sixth man said it was like a wall.
Each man had touched a different part of the elephant, and his experience shaped his understanding.
Their limited thinking is evident to us. But all too often, we, just like each blind man, are unaware of our own finite mindset.
Our mindset is intangible and tucked away out of sight, so it’s easy to think it doesn’t require your attention.
You can be unaware of it, ignore it, pretend it’s something different, or choose it.
Regardless of your level of consciousness around your mindset and beliefs, your mental programming is driving your life.
Table of contentsWhere an Abundance Mindset Fits into the Cash Flow SystemHow We LearnWe Don’t Know EverythingWhat We Do Know is ThisScarcity: Limiting Beliefs and Where They Come FromConsider an Abundance View of MoneyAbundance Principles That Lead to Creating More MoneyAbundance Principle 1: Dollars Follow ValueAbundance Principle 2: People Have Intrinsic Value; Money Does NotAbundance Principle 3: Principles First, Strategies SecondA Strategy Is Not a PrincipleAbundance Principle 4: Reaching Your Full Potential Requires Full ResponsibilityThe 7 Principles of ProsperityLive the Principles of Abundance to Create WealthThe Podcast Has More on AbundanceEpisode ResourcesCreate Your Time and Money FreedomIn Closing
Where an Abundance Mindset Fits into the Cash Flow System
At The Money Advantage, we are a community of wealth creators. We are entrepreneurially-minded business owners who are taking control of our lives and financial destiny. We have a compass that always points back to the principles of wealth, not just to strategies or products. You need the right mindset, philosophy, and principles of abundance, expansive thinking, creation, cash flow, and control in place first before any financial tactics can genuinely benefit and serve you.
In the Cash Flow System, you first increase cash flow by keeping more of the money you make. Then you protect your money. Finally, you increase and make more.
This conversation on the mindset, philosophy, and principles of wealth creation fits right into the very first step of the first phase.
How We Learn
If you want different results than you see today, it’s not enough to change your actions. You need to expand your mindset.
In the elephant story, each man was beholden to his perspective. They each believed that their own experience was the full interpretation, and it led them to severe errors of judgment. Not one was willing to learn from each other to broaden his understanding.
When it comes to our understanding of the world, we’re each like the blind men.
Of all of the available facts in the world, each of us knows some of them. None of us know them all. The limited set of facts we have and our interpretation of them form our unique map. Of the 7 billion people in the world, all of them have a map, and none of them look like yours.
This is your belief system. Unless you're willing to expand your map, nothing new exists for you.
When we come into a conversation with people who see differently, it's important to recognize that if we both had the same map, we'd think the same way.
When we each defend our own interpretation of the facts,