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Old 12-17-2006, 06:36 AM   #7 (permalink)
Parthon
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Join Date: Dec 2006
Location: Perth, Australia
Posts: 1,532
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Wow, this is a great thread. Lots of good posts.

I want to go directly for how financial management works with abundancy.

I think they go together perfectly, in fact they head in the same direction while scarcity and financial management fight each other.

With scarcity thinking you believe you don't have enough, that you have to carefully use what you get, and you are always hanging out for more, wishing you had a lot. Sometimes this makes people scrooges, never spending anything, and sometimes this makes people go out and spend everything all the time, mainly because they think they never have enough.

This thinking fights financial management, you get money, but you have to be careful with it. You want to spend it BUT you have to spend/save it wisely. Working out how to spend it vs spending it badly and not having enough.

You use financial management to counter how scarcity thinking works.

With abundance thinking you believe there's money everywhere, and that there's enough to go around and that you get enough to do what you want, however much that is. It's a very hard place to stand when you are surrounded by people who are thinking scarcity and you used to yourself.

Now imagining that you believe you get all the money you want, then the next step in that thinking is saying "okay, what do I do with it?" and this is where financial management comes in. You find out how best to use your abundant resources. You get all the money you want, and you work out how best to use it. Financial management really helps here, and it goes so well with abundance thinking.

And in that area you can save, you can buy stuff, pay bills and even donate to charity without feeling like you are missing out on anything.

And the best thing. You can believe it even without earning any more than you already do and still feel like you have enough. Of course, sometimes you don't know what you are going to do with all that money or even where it came from, but that's half the fun.

Last edited by Parthon; 12-17-2006 at 07:16 AM.
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