--- title: "Meaning & Key Takeaway of: Poverty is a mindset: It creates that…" description: "\"“Poverty is a mindset: It creates that sense of scarcity. You then become accustomed to it such that your life is hinged on protecting the scarce resou..." image: "https://sms4smile.com/quotes/i/7b8/oscar-bimpong-75281_life_poverty-is-a-mindset-it-creates-that-sen_125873.jpg" --- # Poverty is a mindset: It creates that sense of scarcity… ![“Poverty is a mindset: It creates that sense of scarcity. You then become accustomed to it such that your life is hinged on protecting the scarce resources that you have. However, you can only create a mindset of abundance by investing what you have and not savings. Savings only becomes significant…” quote by Oscar Bimpong](https://sms4smile.com/quotes/i/7b8/oscar-bimpong-75281_life_poverty-is-a-mindset-it-creates-that-sen_125873.jpg) [Download](https://sms4smile.com/quotes/i/7b8/oscar-bimpong-75281_life_poverty-is-a-mindset-it-creates-that-sen_125873.jpg) [Open image](https://sms4smile.com/quotes/i/7b8/oscar-bimpong-75281_life_poverty-is-a-mindset-it-creates-that-sen_125873.jpg) > ““Poverty is a mindset: It creates that sense of scarcity. You then become accustomed to it such that your life is hinged on protecting the scarce resources that you have. However, you can only create a mindset of abundance by investing what you have and not savings. Savings only becomes significant if it's done with a motive to invest.”” Oscar Bimpong ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. A scarcity mindset traps people in protecting limited resources, while an abundance mindset grows by investing what you have rather than hoarding savings. **In simple terms:** Scarcity mindset hoards; abundance mindset invests. Key Takeaway Invest to create abundance. Themes mindset scarcity abundance financial behavior Mood reflective motivational Type advice philosophical When to use this quote - personal finance - entrepreneurship - career development Key Concepts behavioral economics psychology wealth creation Practical Applications - budgeting - investment planning Questions to Reflect On - How does your view of scarcity affect your decisions? - What can you invest in today to shift mindset? A Different Perspective Investing requires risk tolerance and opportunity seeking. ★ ★ ★ ★ ★ No ratings yet [Life](https://sms4smile.com/quotes/about/life/) [Mindset](https://sms4smile.com/quotes/about/mindset/) [Poverty](https://sms4smile.com/quotes/about/poverty/) [Scarce resources](https://sms4smile.com/quotes/about/scarce-resources/) [Scarcity](https://sms4smile.com/quotes/about/scarcity/) ## Related quotes > [“Some people are bringing the business tricks of scarcity mentality into God's mind. 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