Episode 3 - The Poverty Mindset

Summary

In this episode, Dawn Gorham discusses the poverty mindset and its impact on individuals. She defines the poverty mindset as a way of thinking that makes you believe you are poor and will never have enough, especially money. Dawn shares signs of the poverty mindset, such as feeling hopeless about money, avoiding bills, and thinking more about saving than earning. She then provides steps to overcome the poverty mindset, including hanging out with successful people, being mature, and being grateful. Dawn also shares personal experiences and examples of individuals who have overcome the poverty mindset.

Takeaways

The poverty mindset is a way of thinking that makes you believe you are poor and will never have enough, especially money.
Signs of the poverty mindset include feeling hopeless about money, avoiding bills, and thinking more about saving than earning.
To overcome the poverty mindset, surround yourself with successful people, be mature, and practice gratitude.
Growing up poor can contribute to the development of a poverty mindset, but it is possible to overcome it.
Examples of individuals who have overcome the poverty mindset show that success is achievable with the right mindset and actions.
Homesteaders may be prone to the poverty mindset, but they can work towards an abundance mindset by investing in quality and valuing their own worth.

Chapters

00:00 Introduction and Definition of Poverty Mindset
03:12 Signs of Poverty Mindset
11:11 Overcoming Poverty Mindset: Steps to Take
19:02 Growing Up Poor and the Effects of Poverty Mindset
27:01 Examples of Overcoming Poverty Mindset
29:26 Homesteaders and the Poverty Mindset
30:23 Conclusion and Irish Blessing