A "Wealth Mindset" refers to a way of thinking that focuses on abundance, opportunities, and growth. Individuals with this mindset believe that wealth can be created and that they have the power to improve their financial situation. They often view challenges as opportunities for learning and development, which helps them to take calculated risks and pursue their goals. This mindset contrasts with a scarcity mentality, where individuals feel limited by their circumstances and may avoid taking risks. Cultivating a wealth mindset involves setting clear financial goals, seeking knowledge about money management, and surrounding oneself with positive influences, such as mentors or successful peers in the financial field.