This holiday season, discover why the "scarcity mindset" might be holding back both your spirit and your success. Join Hannah McGinty as she breaks down how shifting from scarcity to abundance thinking can transform your approach to business and life. Learn why true success isn't about holding tight—it's about lifting others up.
Key Takeaways:
Why the scarcity mindset is a hidden success blocker
How giving strategically can multiply your resources and opportunities
Real-world examples of abundance thinking from successful entrepreneurs
Practical ways to create value without depleting your resources
This episode is perfect for entrepreneurs and creatives who are: ✅ Wrestling with holiday season stress ✅ Looking to grow their impact without depleting their resources ✅ Ready to transform their relationship with giving and receiving
Connect With Us: Follow Memoir Mastery on all social media platforms and Outsmart the Hustle on IG!
This holiday season, discover why the "scarcity mindset" might be holding back both your spirit and your success. Join Hannah McGinty as she breaks down how shifting from scarcity to abundance thinking can transform your approach to business and life. Learn why true success isn't about holding tight—it's about lifting others up.
Key Takeaways:
Why the scarcity mindset is a hidden success blocker
How giving strategically can multiply your resources and opportunities
Real-world examples of abundance thinking from successful entrepreneurs
Practical ways to create value without depleting your resources
This episode is perfect for entrepreneurs and creatives who are: ✅ Wrestling with holiday season stress ✅ Looking to grow their impact without depleting their resources ✅ Ready to transform their relationship with giving and receiving
Connect With Us: Follow Memoir Mastery on all social media platforms and Outsmart the Hustle on IG!
Does your creative business struggle to bring in the right clientele and financial leverage, leaving you feeling stuck and frustrated? The Outsmart the Hustle podcast will show you how to turn hard work into smart work! I'm your host, Hannah McGinty, helping you focus on the high-impact moves that drive your business forward without the endless grind. Whether you've been running your business for 20 years or 20 minutes, I'm here to bring you clear, practical strategies from industry experts and successful entrepreneurs who know how to create a sustainable business. I've been running my creative video production business since 2019, where I primarily work in the wedding and event space. And since 2021, my business has continued to hit six figures in revenue. Now imagine that for yourself. What would it help you achieve in life if that meant your passion could turn into a consistent paycheck? Tune in each Tuesday for fresh insights, tools, and ideas to help you streamline, scale, and find freedom in your work—so you can build the business and life you truly want to live.
Speaker 1:
Welcome to Outsmart the Hustle where we turn hard work into smart work, helping you focus on the high impact move that drive your business forward without getting stuck in the grind. Hey, Smarties. Welcome to the Outsmart the Hustle podcast. I'm Hannah McGinty, your host. And today, we're talking about scarcity mindset versus an abundance mindset, and what that can do for you and your business.
Speaker 1:
I thought this would be a really great topic to talk about during the holidays. Christmas is right around the corner. It is literally Christmas Eve that this the day that this podcast is dropping. No, I am not recording it on Christmas Eve, you guys. I do this in advance like a smarty.
Speaker 1:
So, we're gonna talk about this. Right? When it comes to giving, how does that make you feel? Do you feel like your heart sinks when you hear that word? Are you scared of it?
Speaker 1:
Are you actually really happy about it? And this can do a lot with how we were raised. I was raised in a family that kind of held tight to a lot of things. Yeah. We gave here and there, but it was very frugal.
Speaker 1:
And so I think I've carried that into my adulthood as in, like, I I find it really hard to give, money in particular. And I'll give, like, time and everything and there's there's nothing wrong with, like, volunteering and and doing stuff like that. But I think there's something there when it comes to giving your resources generously, knowing that, you know and I'm Christian, and so what I believe is that nothing is my own. It all is God's, and my resources are here to share with everybody in my community. Because at the end of the day, when I pass from this world, I'm not gonna bring any of it with me.
Speaker 1:
Right? And so, I can have this outlook when it comes to my stuff. And I think that scarcity can kind of leak in even into, like, the practical things of my life. We get whether that's my house, my dogs, my car, you know, like, but all these things, they will plead. Flee?
Speaker 1:
Flee? They will fade away. That is the right word. So it it's fleeting. There there we go.
Speaker 1:
Okay. Pat on the head. Pat on the head. So all these things are fleeting. Right?
Speaker 1:
It's hard to think about and to really come to terms to that nothing is ever permanent. I just need to kind of put out this viewpoint, so you guys know where I'm coming from. But the abundance mindset, which is the exact opposite of what I've been talking about. Right? There is something about it that helps you be a more profitable business owner.
Speaker 1:
And I'm not saying this like a karma thing, like you do good, you get good back. Like, maybe there's some truth to that, but I really think it's like people are attracted to abundance. They know when someone's being genuinely generous and gravitate towards that person. So I don't know if you guys are feeling this right now with, like, your bank account looking at it and, like, the gift list was just so much this year. And you're like, how am I gonna pay for all these gifts?
Speaker 1:
And maybe some of y'all weren't able to, but you're finding other ways to serve like in cooking. Or maybe you guys did, and you're like, regretting it on your credit card statement, which it's okay. You'll get through it. I know the feeling. When you are like, overwhelmed by finances and you're like, how am I gonna get through to the next day?
Speaker 1:
Right? And so, giving just feels like the last thing you wanna do. When things around you just feel like they're falling apart. But, I would encourage you to consider what would it look like, despite my circumstances, to still have a giving heart. You know what I mean?
Speaker 1:
And it doesn't always have to be your finances. If if you literally can't give something, you don't need to give what you don't have. And a mentor told me that once, and it really changed my perspective on giving. So we're gonna look at some really fascinating people. I just have 2, in this example.
Speaker 1:
But for those that know me, they know I really am a big fan of Steve Harvey, which can really surprise a ton of people. I just think he's super funny. Okay? But he has an amazing backstory. And for those of you that don't know it, he was homeless before he was a comedian.
Speaker 1:
He lived out of his car. He showered at gas stations, while trying to become a comedian on this journey. He had it really rough, but he's pretty open about how he he relies on God to getting him to the next thing. And he is very, very open about that nowadays. And he's just so inspirational.
Speaker 1:
Through those tough times, he kept giving. He shared what little he had with fellow comedians, trusting that God would provide for him the next day. He helped others get stage time and he was just building a community, while he didn't have much going on for him. Because he was such a genuine human. I mean, literally guys, look at him now.
Speaker 1:
He has the Steve and Marjorie Harvey Foundation, where he's helped thousands of young people through mentorship programs and providing millions for their scholarships and education. And it's just like inspirational, you know? That someone who came from nothing was able to do something really amazing. And he often says that true success isn't just about what you achieve, it's about what you can do for others along the way. Wow.
Speaker 1:
So, the other one I have is Guy Fieri, because I feel like everybody knows who this guy is. The mayor of Flavortown. Right? During the pandemic, he raised $21,500,000 for his fellow restaurant workers. And it's not because he had to, it's literally because he understood that true success meant lifting up your entire industry.
Speaker 1:
He was like, I have this platform. Let me help make sure that a bunch of these restaurants who were going to close because of this pandemic, don't. Like, he found a way to do it. And that's really cool. He didn't think about just preserving himself during the hard time.
Speaker 1:
Right? And I think there's something to that. I don't think he did that just because he was like, oh, look at me. Look at all the good I do. It's not about that.
Speaker 1:
It's really like, how are you gonna be able to use your abundance mindset to help people despite what your circumstances look like. So, I know these are celebrities. You're probably like, I'm just trying to make rent. I'm just trying to keep up with my side hustle or my business. And, I get you.
Speaker 1:
I hear you. Okay? I've totally been there too. I call it, like, my manna era. It's a very niche thing, you guys.
Speaker 1:
But, I was experiencing something that was like month to month. I was going paycheck to paycheck. And even as a 6 figure business owner, there's actually, like, a lot of 6 figure business owners who are currently living paycheck to paycheck, at least this year alone, because expenses have been so high and bookings not as often. That has been really interesting to navigate this year in particular. And that's just me being honest with you guys, but I had to go month to month.
Speaker 1:
And it's not like I wasn't making enough for being in a negative deficit, but it was like, oh, geez, what am I supposed to do? And, yeah, it was it was tough. But do I know how to make a living for myself? Yes, of course. But was I still really dependent on God and where I was gonna get the next gig from?
Speaker 1:
Yes. And that was this year. And that's okay. I think that, you know, we have to be honest and upfront and really help support one another when things even look bad for our own. But we're here to stand together in stuff like that, just in case something happens, you know?
Speaker 1:
So, yeah. That was just me. I'll get off the soapbox for a second. Giving changes something in our hearts. Like, psychologically, fundamentally, being someone who is generous, someone who doesn't make excuses for I can't do that.
Speaker 1:
Instead, let me find out how I can do this. There's just something about that that changes you. It doesn't have to be money. Okay? But you could use your skills to help others.
Speaker 1:
Like, if you were really good at coding, what if you helped somebody with their website? Right? If you are really good at making connections, what if you helped people make those transactions? Maybe you could find a way to multiply impact without multiplying expenses. Right?
Speaker 1:
If you're really good accountant or you just are really good at handling money. What is it that you can do to help people around you in their time of need? It's a season of giving, but hopefully every day is a season of giving. It's not like just Christmas time and then we're back to being selfish. So, anyway, I just want you guys to remember that the real move here is to not be selfish and to see how much you can gain from your businesses, but see how can your business become a tool to help the people around you.
Speaker 1:
Because people are gonna notice that. They're gonna be like, dang, this person is really cool and I wanna be involved in what they're doing, or I wanna help them do more of what they're doing. Right? Okay. If you enjoyed this podcast, be sure to share it with a fellow business owner who could use a little less grind and a lot more growth in their business.
Speaker 1:
And I will see you guys next Tuesday. Ultimate to hustle is produced by memoir mastery, a film business course hosted by Hannah McGinty and edited by Manuel Mesa. Follow us at memoir mastery literally anywhere for more creative business tips.