The Extreme Ends Of Capitalism: “Rich” People Have Scarcity Mindsets Too

Most of the financial advice in circulation sounds the same.

• Spend less than you earn;
• Establish a budget;
• Save or Invest for the future;
• Pay yourself first;
• Etc.

With the recent acknowledgment of research done by financial psychologists and financial therapy methods, there is greater acceptance around the fact most money behaviors are not solely an issue of arithmetic but a gumbo of emotions, internalized beliefs, responses to historical and present-day exclusion, and more. However, there is still a tendency to ridicule the poor in content that proclaims that not only is it the math, but also the mindset that matters in improving your financial circumstances–specifically the overcoming of a scarcity mindset.