Abundance Isn’t Just Money: How to Recognize the Wealth Already in Your Life
- Kay Malcolm Coaching
- May 6
- 3 min read
Introduction: What does abundance mean?
What comes to mind when you hear the word abundance? For many people, they will often think it's money - meaning wealth.
Do you think the same too?
Yes abundance includes wealth, but abundance is so much more. It’s joy, freedom, love, health, creativity, connection.
But if you only think of abundance in terms of money and financial wealth - if your bank balance doesn't reflect this - then you will not feel abundant but lack.
To counter this feeling of lack it's important to recognise the abundance already present in your life. Before talking more about what abundance is, let's talk about how lack can affect your mindset.

What is the difference between a lack mindset and an abundance mindset?
Lack Mindset
People who have a lack mindset ( or scarcity mindset) tend to believe that things are limited - opportunities and resources. That success is limited.
They may have a competitive attitude so rather than working together with others they view others as competitors. They often believe that one person's gain is another's loss.
There may be a fear of loss, losing what little they have. This may lead to hanging on to anything they have. This may mean they are less likely to take chances or risks when opportunities do arise even if this could result in more abundance in their life.
Focusing on lack can lead to a negative outlook, where challenges can seem impossible. This can create resistance to change due to a fear of failure. Having a lack mindset can keep you stuck even though you'd actually like more.
Abundance Mindset
While having an abundance mindset is the opposite - the focus is on there is plenty for all and having more openness to sharing.
The main difference between lack mindset and abundance mindset comes down to a person's perceptions of resources and opportunities.
While lack mindset is fear and scarcity based, abundance is belief in potential growth and collaboration and so it worth taking a chance to improve your life or go after your goals.
Which do you feel more aligned with you? Is it time to starts shifting your mindset?
Redefining Abundance
So if you are choosing an abundance mindset what are you going to focus on? This is your opportunity to redefine what abundance means to you. Abundance is not limited to material wealth.
True wealth includes time, health, love, purpose, and freedom. To have your health is everything or to have the time to do things you love is priceless.
Creating healthy meaningful relationships are forms of great abundance. Having shared experiences and heart-felt conversations.
As you can see there is abundance in relationships, abundance in health and other areas not just financial abundance.
When we broaden our definition, we instantly feel more prosperous because these are things we may have already in our life.
We can focus on creating more of these moments than perhaps instantly having a large bank account.
How do I bring abundance into my life?
So you may be thinking - "how do I attract abundance or how to create abundance?"
Use gratitude as a gateway to abundance it helps to shift focus from lack to more abundance.
You could start a simple daily gratitude practice.
What are 3 things that you are grateful for?
Using your new definition of abundance, think of non - obvious types of abundance which you can bring into your daily life or acknowledge you already have them - like a warm bed, drinking your favourite coffee. It can be taking 30 minutes out of your busy day to just be.
Gratitude helps shift focus from what we haven't got to acknowledging what we already have.
Practical Ways to Recognise Your Abundance Now
Here are some abundance practices for daily life -
Do a weekly “abundance inventory”: list the wealth in your health, home, relationships, skills and other areas.
Celebrate small wins
Practice receiving compliments and gifts graciously
Conclusion: Wealth Is Who You Are
You are already rich in ways that matter. Let that awareness open the door for even more prosperity.
Let me know in the comments what you are feeling grateful for today?
To your success, Kay

Empowering women to move from feeling stuck and overwhelmed in their lives to designing & achieving their goals, dreams and ambitions. For more info on bringing positive change into your life.
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