Breaking the Cycle of Scarcity Thinking: Overcoming the Limiting Beliefs Holding You Back from Wealth
A timing guide to different topics addressed in this workshop:
00:00:00 - Introduction by Susanne Conrad
- Susanne Conrad, founder of Lightyear Leadership, introduces the purpose of the platform.
- Discusses the "Whole Prosperity" course focused on wealth and worth.
- Introduces Daniel McCall and Jen Fowler as course leaders.
- Daniel expands on breaking the cycle of scarcity thinking.
00:05:00 - Limiting Beliefs about Wealth
- Discussion of various limiting beliefs regarding wealth, abundance, relationships, and time.
- Specific beliefs mentioned, such as "never enough," equating money to happiness, and needing to prove worth.
- Comparison of these beliefs to childhood fears and the importance of addressing them.
- Emphasis on examining inherited legacies and challenging these beliefs for freedom and abundance.
00:10:00 - Expanding the Definition of Wealth
- Emphasis on wealth encompassing more than just monetary resources.
- Sharing personal examples of overcoming inherited legacies and limiting beliefs.
- Discussing how addressing these beliefs enabled pursuing goals and experiences.
- Highlighting the need to examine and challenge these inherited legacies.
00:15:00 - Valuing One's Own Success
- Importance of valuing one's success and not fixating on others'.
- Discussing own experiences of realizing worth and its impact on business interactions.
- Emphasizing the connection between beliefs and behaviors.
- Encouragement for the audience to reflect on inherited beliefs and legacies.
00:20:00 - Identifying Limiting Beliefs
- Audience instructed to identify and share limiting beliefs about money.
- Example of a belief that money doesn't stay due to past experiences.
00:25:00 - Building Trust with Money
- Discussion of lack of trust in money and its circulation.
- Frustration with money not returning as needed, leading to anxiety.
- Introduction of conscious budgeting as a way to develop trust.
- Realization that looking at finances in a spreadsheet helps alleviate anxiety.
00:30:00 - Positive Budgeting Mindset
- Explaining a budgeting mindset: giving every dollar a purpose.
- Comparing cultivating a positive relationship with money to a partnership.
- Acknowledging that the approach may not be perfect but is an active engagement with budgeting.
00:35:00 - Breaking the Cycle of Scarcity
- Discussing how inherited beliefs from parents can impact well-being and wealth.
- Sharing a belief that life is a struggle and its effects on money choices.
- Encouragement to break this cycle and find a new relationship with acquiring goods and services.
00:40:00 - Redefining Budget
- Participants discussing their relationship with wealth and redefining the word "budget."
- Identifying negative associations with budget, such as restriction and scarcity.
- Recognizing the need to redefine budget with positive definitions.
00:45:00 - Positive Budgeting Mindset
- Discussing the importance of reframing the perception of budgeting as a tool for opportunity, excitement, and freedom.
- Emphasizing the need for a clear and transparent budget.
- Encouragement to share budgeting experiences with others.
- Encouraging a positive mindset for budgeting.
00:50:00 - Integration of Beliefs
- Addressing budgeting with inconsistent income.
- Integrating opposing beliefs about money.
- Finding a balance between work, money, and parenting.
00:55:00 - Navigating Scarcity Thinking
- Discussing experiences with scarcity thinking and limiting beliefs surrounding wealth and inheritance.
- Helping a family member with scarcity thinking regarding finances.
- Reflecting on the shift towards passive income and investments.