Woman shares how 'scarcity mindset' is keeping people from becoming financially secure

As we grow up, we realize the importance of money. What seemed unimportant or shallow in our young rebellious years starts making sense as we grow older, concerning money especially. Different childhoods mold your relationship with money differently. However, a woman named Krystal—who goes by @krystaltoddcpa on TikTok—explains in a video why having a scarcity mindset around money can cause you to lose more of it.

She begins her video by first explaining what a scarcity mindset means. In layman's language, a scarcity mindset refers to a line of thinking that pushes you to believe that there are limited resources which means that if someone has something, there is automatically less left for you. Talking about some changes that can help shift this mindset, she captioned her video, "Scarcity mindset is keeping our money sticky. Try these shifts to have a more fresh mentality of money, which will help attract even more of it!"

She starts the video on a strong note by saying that the scarcity mindset keeps people broke and that it comes up in many different ways. One of the most common ways in which it shows up is through "money anxiety." Even when you're financially alright, you're never feeling good about it mentally. The problem with this is the fact that this closes your mind to more money-making opportunities as well as inadvertently pushes you to hoard money, owing to the fear of losing it. This can look like not allowing yourself any amount of joy like a vacation, a new thing, or even a new dress. This fear can also seep in so deep that it pushes you not even to be able to invest your money.

In case the opposite happens, that is, overspending - it urges you to spend all your money in the fear of it somehow getting over. This too will get you to the same dilemma and lack of money - just via a different route. Getting clear on money goals like understanding one's coveted income number, budget or how one plans to grow their income can help one deal with their money anxiety by a lot, according to Krystal. This can be done by taking baby steps. For instance, instead of investing a lot of money - invest a small amount. Instead of replacing all your old stuff, start with a small item like a dress. The aim is to not change your life and thoughts overnight, but to get comfortable walking on this path of abundance - one step at a time. She says, "These are the makings of an abundant state of mind." 

She goes on to explain that she can help women become financially independent. However, we agree with her and strongly believe that the first step towards this is feeling comfortable with money and having a good relationship with it. @lomax1208 said, "Yes to constant money anxiety and hoarding money." @margaritaeata said, "Lol yes me. Anxiety pretty much is the root cause of all my issues." The best way to get rid of them is to make slow but consistent lifestyle and thought process changes. So, if you're on a journey like this one, lots of luck and wishes to you.