Abundant wealth, meaning an overflowing of monetary and other riches, is within reach for anyone with the right mindset. Arriving at a place of abundance requires a radical shift in our perception of the purpose of money.
During times of financial uncertainty, it may seem counter-intuitive to focus on the concept of abundant wealth. However, setting a goal of abundance, rather than focusing on scarcity, may be the best way to survive challenging circumstances.
A definition of abundant wealth
Contrast abundant wealth with absolute poverty to understand its scope. In 1995 the United Nations defined absolute poverty as:
A condition characterised by severe deprivation of basic human needs, including food, safe drinking water, sanitation facilities, health, shelter, education and information. It depends not only on income but also on access to services.
Therefore, the meaning of abundant wealth is experiencing much more than enough. It is not about possessing an excess of money. Abundance encompasses riches in our health, in our environment, and in our relationships. It produces wellbeing in every significant area of our lives, including education and leisure.
Those on the path to achieving abundant wealth are convinced that it is limitless. Abundance renews and expands. It is just a question of reaching out, because there will always be abundance for everyone.
The belief that there is only a set amount of wealth that must be allocated can result in societies and individuals living in avoidable poverty. For example, a policy of austerity is self-limiting.
What does abundant wealth mean for an individual?
When an individual accepts abundant wealth, meaning to reject a scarcity mindset, problems are solved. It becomes possible to:
- Gain perspective on the role and value of work.
- Refocus attention away from bank accounts and onto our environment.
- Prioritise families and relationships.
- Alleviate stress over money.
- Explore new forms of sustainable income.
Abundant wealth teaches individuals to aim for happiness as well as riches.
How to achieve abundant wealth
In practical terms, choose to create abundant wealth rather than earn it. For instance, begin investing or try a different approach to investing. Understanding the meaning of abundant wealth allows us to ask more for our labour, and count free time as an asset.
Making decisions with the goal of abundant wealth means taking family and relationships into consideration, and choosing to protect our health. Recognise that it is not about trading one priority off against another. Spending in one area need not impoverish another.
Learning to expect more for ourselves and our families builds the self-esteem required to gain abundant wealth. This is why the concept of abundance is linked to the law of attraction.
Put simply, with positive motivation it is possible to ‘manifest’ wealth, using the imagination and affirmations. If this seems a little weird, the opposite is certainly true – thinking negatively and imagining the worst gets you nowhere.
The most important quality to acquire on the road to abundance is gratitude. Negative emotions – resentment, worry and guilt – impede the enjoyment of wealth. Gratitude enables us to appreciate what we have, regardless of monetary value.
- Keep a gratitude journal.
- Create a mind map of your dream lifestyle.
- Get into the habit of investing sustainably.
- Choose to spend as well as save – numbers on a statement are not a tangible benefit.
- Acknowledge abundant wealth through giving.
Some offers on The Motley Fool UK site are from our partners — it’s how we make money and keep this site going. But does that impact our ratings? Nope. Our commitment is to you. If a product isn’t any good, our rating will reflect that, or we won’t list it at all. Also, while we aim to feature the best products available, we do not review every product on the market. Learn more here. The statements above are The Motley Fool’s alone and have not been provided or endorsed by bank advertisers. John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. The Motley Fool UK has recommended Barclays, Hargreaves Lansdown, HSBC Holdings, Lloyds Banking Group, Mastercard, and Tesco.