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    From Scarcity to Abundance: Tam Kaur's Journey to Financial Freedom

    enJuly 01, 2024

    Podcast Summary

    • Self-development entrepreneurKajabi's all-in-one platform helped a self-development YouTuber and author turn her skills and passions into a successful online business, allowing her to reach and impact more people while keeping 100% of her revenue, despite her past scarcity mindset

      Kajabi's all-in-one platform has been instrumental in helping a self-development YouTuber and author turn her skills and passions into a successful online business, allowing her to reach and impact more people while keeping 100% of her revenue. Growing up, she lacked an abundance mindset due to her upbringing and had a difficult relationship with money, leading to a scarcity mindset. However, with Kajabi's tools and resources, she's been able to build a thriving business and community, helping young women everywhere become their best selves. Kajabi offers a free 30-day trial for those looking to start their own business, providing access to features like email marketing, website templates, and analytics.

    • Fear of scarcityFear of scarcity and limiting mindset can hinder financial growth. Taking calculated risks and shifting towards a mindset of abundance can lead to financial growth and pursuing one's passion.

      Fear of scarcity and a limiting mindset can hinder financial growth. The speaker shares her experience of saving rigorously during university due to her upbringing and fear of financial instability. However, after graduation, she decided to take a risk and pursue her passion for content creation full-time, leading her to explore new financial knowledge and strategies. She was motivated by the fear of returning home and the desire for independence. Similar to Lily Singh's experience, the fear of going back to a dependent lifestyle served as a powerful motivator. This shift in mindset towards abundance and taking calculated risks allowed her to grow her wealth and pursue her passion.

    • Financial hardship and moving back homeMoving back home after graduation due to financial hardship can lead to an abundance mindset by shifting focus to a desired future and fueling determination for financial independence

      Experiencing financial hardship and moving back home after graduation helped the speaker develop an abundance mindset. This period of struggle shifted her focus from living within her current circumstances to envisioning and working towards a desired future. Her driving force was a desire for financial independence and freedom from being told what to do. Living frugally during this time also helped her save money and remain motivated to increase her income. Ultimately, her determination to live on her own and achieve financial stability fueled her journey towards a more abundant life.

    • Fear of averagenessSurrounding oneself with positive influences and refusing to compare oneself to others can help overcome fear of averageness and pursue unconventional paths to success

      Fear of averageness and the desire for extraordinary experiences can be powerful motivators for personal growth and career success. However, overcoming self-doubt and external pressures to conform to societal norms can be challenging. Creating a supportive network of like-minded individuals through digital means, such as social media and motivational content, can help individuals stay focused on their goals and overcome self-comparison. By surrounding oneself with positive influences and refusing to compare oneself to others, one can build the mental fortitude necessary to pursue unconventional paths and achieve success on their own terms.

    • Money mindset shiftShifting to an abundance mindset involves recognizing the world's miracles and possibilities, living beyond current circumstances, and freely spending to build confidence and openness to receiving more.

      Developing an abundance mindset when it comes to money involves shifting your perspective and living beyond your current circumstances. Don't let the idea of being "realistic" limit your potential. Instead, recognize that the world is full of miracles and possibilities, and money itself doesn't have inherent value – it's what we can get with it that matters. Stop restricting yourself and start spending freely, as doing so can help you feel more confident in your financial situation and open to receiving more. Additionally, consider finding sources of inspiration, like motivational TikToks or investing education platforms, to help you stay focused on your financial goals. Remember, the first step to abundance is believing that it's possible and worthy of pursuit.

    • Manifesting financial abundanceTo manifest financial abundance, practice gratitude, budget responsibly, and allocate specific percentages for various expenses including savings and fun.

      To manifest financial abundance, it's essential to match the energy and frequency of the wealth you desire by bringing the feeling of having it into the present moment. Gratitude plays a significant role in attracting more money, and it's crucial to budget responsibly and factor in taxes and investments. A mistake many people make, especially business owners, is assuming all their income is for personal use. Instead, designating specific percentages for various expenses, including savings and fun, can help ensure financial responsibility. The use of a free budgeting app like Snoop can also be beneficial in tracking income and expenses.

    • Balancing abundance and budgetFind a balance between treating yourself and staying within your budget. Regularly invest in yourself and your business, but also save and grow your finances.

      Managing abundance and staying within a budget is a delicate balance. It's important to treat yourself and recognize your worth, but also be mindful of your financial goals. The speaker shares her personal experience of setting aside a small treat each week while saving and growing her business. She emphasizes the importance of re-spending and investing in herself and her business. Even as she reaches new financial milestones, she continues to practice treating herself within her means, such as taking a long-awaited trip to New York. Ultimately, it's about finding a balance that works for you and recognizing that treating yourself is an essential part of the journey to financial success.

    • Trusting oneselfTrusting in oneself and one's abilities, even in uncertain times, can lead to successful outcomes and financial returns. Don't compare oneself to others and stay true to one's path.

      It's important to trust in your abilities and investments, even when faced with uncertainty or fear. The speaker shares her experience of upgrading to a first-class flight and how it led to successful content creation, emphasizing that hard work and justifying expenses can lead to returns. She also encourages not comparing oneself to others and staying true to one's path. The speaker's message is especially relevant for those feeling uncertain about their careers or financial situations, reminding us that everyone's journey is unique and that it's possible to make money from what brings us joy. Overall, the takeaway is to trust in oneself and one's abilities, and not to be held back by fear or comparison.

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