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Old 12-14-2006, 12:02 AM   #3 (permalink)
Michael Chui
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Join Date: Nov 2006
Location: Seattle, Washington, USA
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It has to do with decision-making. Abundance mentality isn't imprudence; but neither is scarcity thinking prudent. I learned about abundance mentality from Stephen Covey's 7 habits, in the context of Think Win/Win. I think that's an important context. If the result of a decision is Lose/Win (He got a meal, but now I can't pay my bills), then it's really no better than Win/Lose (I have money, but he's in the cold).

Scarcity suggests that you need to hold onto what you have and get more in case you lose it.
Abundance suggests that there's no reason to hoard your belongings and you can always get more so it's not a big deal to give some of it away.

You're not sacrificing; you're sharing.
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