In this episode of the RA21 podcast, we talk about abundance and how to defeat scarcity. We discuss at length the broad strokes of why most young adults find it incredibly difficult to look at the world through a lens of abundance - especially through an Asian education upbringing. And we touch on how to best navigate deep-rooted issues and address them.

Timestamp Topics
0:02:00 1. Why is having the right mindset so important?
0:07:34 2. Why education has failed us in promoting an abundance mindset?
0:31:56 3. What are the pitfalls of scarcity?
0:56:06 4. How does this affect perspectives in asset classes: Stocks
1:05:08 5. Competition: Comparison of scarcity versus abundance
1:12:01 6. How does this affect perspectives in asset classes: Real Estate & Careers
1:33:42 7. How do you prevent too much optimism?
1:53:55 8. Relationships with people - Scarcity and abundance
2:07:46 9. How to train towards an abundance mindset
2:20:10 Q&A: In an ideal world where people live in abundance - how will the economy look like?
2:25:25 Q&A: How to balance prudency & abundance mindset on our journey to FIRE?
2:32:34 Q&A: Is there a relation between a person's financial status to their mindset?
2:51:51 Conclusion

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#8 Abundance - Defeating Scarcity