Book Summary: The Science of Getting Rich by Wallace Wattles

Quick Summary: The Science of Getting Rich is a self-help classic that offers advice for achieving abundance. In this book, you’ll learn how to use directed thinking to attract opportunity and opulence while accomplishing anything you want.

You may be wondering if you should read the book. This book summary will tell you what important lessons you can learn from this book so you can decide if it is worth your time.

At the end of this book summary, I’ll also tell you the best way to get rich by reading and writing

Without further ado, let’s get started.

The Science of Getting Rich Book Summary

Lesson 1: Everyone has the potential to become wealthy.

Even though everyone has access to money, people use excuses to explain why others succeed where they fail. Poor people may blame their circumstances on their socioeconomic background, financial situation, geographic location, or home environment. There is no such thing as class oppression.

Talent and capital are not prerequisites for an opportunity. All one needs to do is believe in one’s own ability to become wealthy. Rich and poor people may share similar upbringings, financial habits, and occupations, but they differ in their beliefs only.

To be clear, this does not mean that every person who tries to get rich will face the same difficulty. It is true that life circumstances can influence the ease or difficulty of accumulating wealth. Also, be realistic; selling bathing suits in Antarctica, for example, would be extremely difficult. Regardless of whether the job appears to have little to no upward mobility, as long as the work is reasonable, it will be lucrative.

Lesson 2: The pursuit of money is virtuous and necessary for a happy life.

Money is necessary for a full and happy life. The pursuit of thoughtful reflection, spiritual development, and intellectual achievement require financial independence. Rather than a goal in and of itself, wealth serves as a means to an end. Money is merely a foundation on which a well-crafted life is built.

The desire for money, given its necessity, does not make one selfish or materialistic. Wealth is the key to achieving one’s full potential. Furthermore, wealth enables people to assist others in the best possible way. Helping family members live full, meaningful lives are admirable.

Being open about your desire for wealth is not a sign of shame. That’s part of being a good role model. Many people mistakenly believe that thrift and simple living are noble pursuits. In fact, the exact opposite is true. It is morally wrong to accept a life of deprivation because it prevents you from reaching your full potential. Everyone has a responsibility to develop their mind, body, and soul, and pursuing wealth is a means to that end.

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Lesson 3: There is an infinite supply of everything in the universe.

There is a common misconception that the world’s wealth is finite. It is simply not true. There is no limit to the riches that the world can produce. The raw material from which the universe is created is infinite. Individuals, interest groups, and institutions cannot withhold money from others because economic oppression does not exist. Wealth is accessible to everyone.

Wealth has no limit, so you can always be generous to others, even if you aren’t yet wealthy. As long as you believe that you will receive more money, you will always have access to it. The emphasis in business transactions should be on what you give rather than what you receive. By exceeding expectations, customers feel that they are getting good value for their money.

The science of getting rich is impossible to fail when someone truly believes in it. Short-term failures serve only to advance long-term success. Failure should not discourage you since it is only a temporary setback. A cycle of failure will be perpetuated if you indulge in self-pity or become doubtful about your success.

Lesson 4: There is no need to compete with others.

The pursuit of success is not a zero-sum game. Your success will never cause another person to fail, and another person’s success will never harm you. Envy is absurd because there is enough opportunity and resources in the world for everyone. There’s no reason to be envious of what others have when you know that the universe will provide whatever you desire.

Long-term success does not require a competitive mindset. One reason is that if you take someone else’s job or money, it is possible that someone else will take it away from you. If you cheat or steal money from another person, whatever you gain will be fleeting. Even if you gain something in the short term, it will not feel satisfying or good.

People become anxious when they become competitive. Negative emotions do not attract wealth and success. Anxiety is not in sync with the spirit of the abundant universe. In contrast, creation is a positive act that attracts money. It is preferable to focus on what you want to create in the world rather than on short-term gain.

Lesson 5: Thoughts influence what happens in the physical world.

The mind has tremendous power to shape reality. What happens in people’s lives is determined by how they think. A woman who constantly worries about disease, for example, is more likely to become ill. A poor man who focuses on his poverty will remain poor. A poor man who focuses on his future riches, on the other hand, will make those riches a reality. To put it another way, you can think your way to wealth.

The problem is that believing you are wealthy is often easier said than done. A poor family dealing with the day-to-day realities of financial hardship may find it difficult to focus on wealth and happiness. Furthermore, they cannot simply hope to become wealthy; they must truly believe it, despite all evidence to the contrary. The sheer force of sustained belief will manifest the money over time.

It’s natural to wonder why thoughts shape reality and how the process works. But speculating is pointless. In many ways, becoming wealthy is a matter of faith. Doubt is a form of self-destructive behavior.

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Lesson 6: A grateful attitude attracts the universe’s favor.

To achieve success, one must practice gratitude consistently, a feeling that helps align consciousness with the universe’s generous nature. Prior to reap the benefits of wealth, you should practice being thankful every day. The universe will give you wealth regardless of whether you believe in eventual riches, so you might as well be grateful for it now.

The advantage of gratitude is that it prevents you from feeling competitive with others. Thankfulness draws the mind’s attention to the universe’s generous nature, particularly the formless matter from which the world’s bounty was created. A person’s energy and thought patterns cause formless matter to respond. People who are content and thankful attract it, while entitled, negative, or skeptical people repel it.

Those who are unthankful for the abundance in their lives, and especially those who focus on lack rather than abundance, are setting themselves up for failure. Because thoughts shape material reality, distress only exacerbates it. When one maintains a positive attitude, the same cyclical process can be utilized to one’s advantage.

Lesson 7: The science of becoming wealthy necessitates a shift in mindset rather than a change in circumstances.

You should strive for success today, not tomorrow. Many people mistakenly believe that becoming wealthy necessitates a major life change, such as a new job or environment. More than likely, the best place to begin is right where you are. Willpower alone will bring about the necessary changes for success.

A woman who wants to get rich, for example, may be concerned that her current job offers no opportunities for advancement. But it makes no difference. Instead of looking for a new job, she should focus her efforts on performing well in her current position. A constant focus on the present, rather than dwelling on the past or worrying about the future, is the most effective way to advance professionally.

People who are unhappy with their current situation should avoid dwelling on their dissatisfaction, which tends to breed more dissatisfaction. Imagining a positive outcome is a far better use of time and energy.

People who are confident in their own professional advancement, even if there is no evidence of it yet, are naturally appealing to others. Others may be moved to offer the confident person a job or other opportunity after witnessing their confidence. In this way, believing in your own success manifests it.

Lesson 8: Requests to the universe should be as detailed as possible.

It’s critical to consider what you want from the universe in a specific way. Everyone has a hazy vision of wealth and success. The things you want should be as specific and sharply imagined as possible to make yours stand out to the universe. Rather than wishing for a large house, for example, imagine every room in that house down to the smallest detail. Rather than hoping for a large sum of money, it is preferable to have a specific amount in mind. A thought must be strong and forceful in order to have enough power to shape material reality. Ambition alone will not suffice.

Requesting a wish from the universe is similar to other forms of communication. You wouldn’t walk into a bar and ask for a drink without first telling the bartender exactly what you want. Similarly, simply telling a financial advisor that you want more money is insufficient. It is critical to communicate your specific financial goals so that they can determine the best way to assist you in reaching them.

Maintaining a vivid fantasy of the life you want to live is important not only so that the universe knows how to grant your wish, but also because it is a powerful motivator. The desire fuels concrete steps forward that increase the likelihood of success.

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Lesson 9: Getting rich requires hard work and determination.

To become wealthy, you need more than passive belief. Participation, ambition, and a willingness to work hard are required for the process. In order to become wealthy, you must commit to making it a reality once you have broadcast your desire into the universe. By taking action, you will strengthen your mind’s ability to shape reality.

If you contribute, the universe will bend to your will. Believing in the inevitability of wealth will lead you to it. After focusing on becoming wealthy, it is not necessary to waste time on hope or prayer. The presence of certainty is sufficient.

Willpower is a personal tool, which is an important principle to remember. Trying to impose your will on others is inappropriate. For you to become wealthy, you don’t have to bend other people’s actions to your will. Only you can make yourself wealthy, so put all of your efforts into it. Your singular focus is essential in this process. Allowing your thoughts to wander into the affairs of others is a distraction that will only undermine your efforts.

The Science of Getting Rich Review

There is real value in the book, and it is a guide for anyone who wants to be rich one day. It seems that most people who read the book found it to be ludicrous, as they doubt the validity of the author’s story and whether it is true or not.

Another factor to consider is that the entire theory is wishful thinking where anything you think can come true, which was the basis of the Law of Attraction in the documentary “The Secret”. People responded more positively to the documentary that explained the same thing, but with examples and personal experiences of people.

I have read the book more than once and can say that it has helped me tremendously. It does, however, take multiple readings for it to make an impact on your psyche. I wasn’t a wealthy person until I studied Napoleon Hill’s theories and the advice of Sir Walter Wallace mentioned in this book helped me in earning more money every year.

If you read this book, I suggest that you read it with an open mind, and try to follow the rules for three months before discarding them. I hope they will work for you as well as they have for me.

About The Author

Wattles is little known, except that his work influenced the modern self-help genre. He contributed to Nautilus, a monthly magazine devoted to self-improvement. According to his daughter’s correspondence, Wattles struggled financially before becoming a success later in life.

Wattles was an early thinker in what would become known as the New Thought movement. Rhonda Byrne popularized his ideas in her best-selling book The Secret, which was inspired by The Science of Getting Rich. Byrne discovered the virtually unknown text in 2004, when she was dealing with professional setbacks and the death of her father, according to her account. The ideas in The Secret overlap with those in Wattles’ book, particularly in terms of the law of attraction. Oprah Winfrey, who was a big supporter of The Secret, helped bring New Thought ideas to a wider audience.

Wattles describes his method as scientific and foolproof, but it is fundamentally a matter of faith, much like religion. The core of his theory, which is that believing you will become wealthy will make you wealthy, cannot be disproved because there is no timeframe for when the method will work; it could take weeks, months, or years. True believers believe that any setbacks along the way are only temporary, making failure impossible by definition.

The Science of Getting Rich Quotes

“If you want to help the poor, demonstrate to them that they can become rich; prove it by getting rich yourself.”

 

“There is abundance of opportunity for the man who will go with the tide, instead of trying to swim against it.”

 

“There is never any hurry on the creative plane; and there is no lack of opportunity.”

 

“Do all the work you can do, every day, and do each piece of work in a perfectly successful manner; put the power of success, and the purpose to get rich, into everything that you do.”

 

“Go on in the certain way, and if you do not receive that thing, you will receive something so much better that you will see that the seeming failure was really a great success.”

Buy The Book: The Science of Getting Rich

If you want to buy the book The Science of Getting Rich, you can get it from the following links:

How To Get Rich By Reading and Writing?

You must be an avid reader who is hungry for knowledge if you are reading this book summary. Have you thought about making money using your reading and writing skills?

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Warren Buffet said, “If you don’t find a way to make money while you sleep, you will work until you die.”

Instead of looking for a 9-5 job and staying in your comfort zone, it’s better if you become your own boss as soon as possible.

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