"Hearst Magazines and Yahoo may earn commission or revenue on some items through these links." Growing up as an introverted only child in a single-parent, low-income household, I always felt like I ...
Having a scarcity mindset means constantly feeling like there’s never enough money, even when you’re financially stable. This fear of running out can lead to habits that keep you stuck in a cycle of ...
We all have invisible money scripts in our mind that originate from how we were raised. Many of these act like financial roadmaps we subconsciously follow. If we grew up learning a scarcity mindset ...
A leader’s mindset is one of the most powerful forces shaping an organization’s success. While the mindset influences company culture, it also plays a crucial role in financial decision-making. A ...
Too often, leaders go with the option that sounds most appealing right now. Here’s why that’s a mistake. Bootstrapping and sustainable growth are favored over outside investment to maintain freedom ...
A person with a scarcity mindset believes that they will never have the things they want or need, experiences fear of limited resources, and focuses on what they don’t have rather than what they do.
Economics is the study of how we use our limited resources (time, money, etc.) to achieve our goals. This definition refers to physical scarcity. In a recent book titled Scarcity, Mullainathan & Eldar ...
“When the manager speaks from a flawed perspective and executives believe what they’re hearing, unwise organizational decisions may be made.” “What [people] call knowledge is the reasoned acceptance ...
Even when you have a decent job and your bills always get paid off on time, you might still feel afraid that you're not getting ahead or you'll never have enough. Some of that feeling could be the ...
Unfortunately, I’ve dealt with zero-sum players my entire life. As a group, they tend to be miserable. They only find happiness if they feel like they can grind down other people and get one over on ...
Picture this: You're on a first date with someone who you thought would be a perfect fit, but after a few awkward silences and misaligned opinions, you quickly discover that they aren’t the right fit.