How living in a scarcity mindset changes everything

As a child growing up in an immigrant family, I’ve always been taught to treasure every hard earned penny. Whenever I did make a big purchase, whether it was for something fun like going out with friends, or even for something I genuinely needed, instead of enjoying it I would feel guilty about it for days.

Looking back, I understand now that I was operating under a scarcity mindset. I was taught by my parents that you couldn’t be sure that there would always be enough, so you better make every penny count because one day you might really need it.

To be fair, this kind of attitude was true to their experience. There were times in their childhood when they genuinely didn’t have enough to eat if they didn’t work hard for it. So they did everything they could to set up a life where that wouldn’t apply to their children.

It worked, because fortunately I’ve never had to go hungry. But I inherited their scarcity mindset about everything, including their attitude towards money and possessions. Growing up, we would hang onto everything we had, including furniture, clothes, toys, everything and anything, and hardly threw stuff away, even if we didn’t need it anymore.

It wasn’t until I discovered minimalism as a teenager, and spent the next decade writing and developing my own life philosophy around it that I was able to change. I was motivated from being able to see that my parents weren’t much happier, even when they were surrounded by all the money and stuff they earned and saved over the years.

Thanks to discovering minimalism, I got rid of things I no longer used and didn’t feel guilty about it. I stopped caring as much about what people thought of me, so I no longer felt the need to buy things I didn’t need. With my savings, I was able to quit my job and start my own business. Now I never have to worry about not having enough, and that makes me feel more free than ever. I am thankful every day for that.

Living in scarcity feels like having a daily dose of fear. It helps you survive, and sometimes it’s what you need. It’s taken a long time, but I’ve learned now that it’s only by living with a mindset of abundance that you can thrive.

Book I’m currently reading: Scarcity: The True Cost of Not Having Enough

On Scarcity’ was originally published via Minimalist Meditations.

Written by Jessica Dang
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