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The Science of Getting Rich

summary ofThe Science of Getting RichBook by Wallace D. Wattles

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You’ll learn

  • The importance of wishful thinking
  • What is the original substance
  • How to stay motivated
  • The power of thoughts and actions
  • How to choose a business you’ll succeed in

first KEY POINT

Money unlocks hidden talents for a fulfilling life

To many, poverty is a sign of a righteous and modest life. However, this outdated and harmful stereotype keeps us from having fulfilling and successful lives. We only develop our potential and discover our hidden talents if we have the money to do it. Money also offers freedom of choice: when we don’t buy something, it is not because of our lack of resources but because we consciously choose not to.

Development is the main goal to pursue.

Three entities form the basis of our existence — the body, the mind, and the soul — but none of these is better than another; they exist in unity and are highly dependent on one another. If we live to elevate one at the expense of the other two, we will only suffer in the end. The soul, the mind, and the body all deserve equal attention and nourishment for us to live in a wholesome way.Hearing the word “science,” we imagine physics, math, or biology. However, Wattles believes that getting rich also pertains to scientific knowledge, as it has rules and laws we should follow and obey. These rules govern how we acquire riches, so we should learn them. Anyone can acquire wealth with mathematical certainty.One of the popular misconceptions is that you need to save money by being thrifty to become rich. Nevertheless, life itself abounds with examples of quite the opposite. People working hard to save money usually end up poor, while the rich are great spenders, and it seems that the more they spend, the richer they get. Getting rich is also not due to doing things others fail to do. People in the same line of work can either end up rich or poor even if they work similarly.

Getting rich is not magic or a matter of luck; it is an exact science working by its own laws.

At this point, you need to remember that a desire to be rich is entirely normal, and you shouldn’t be ashamed of it. What is more, making money is an exact science. Therefore, anyone who masters it becomes rich.Did you know? Your background, environment, or talents don’t define your ability to make money.

second KEY POINT

Our thoughts create things from the original living substance

We often blame our inability to get rich on others by thinking they have monopolized wealth and left little for us to acquire. The truth is that some areas of business are indeed hard to get into, but not all. Moreover, there are plenty of other channels to get rich.Objective factors like a particular stage of social evolution, violent conflicts, and overall economic collapse influence our chances to succeed. However, even in challenging times, opportunities abound for those willing to ride the wave of current fashion rather than try to fight it.

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first KEY POINT

Construct a vision of your wishes

second KEY POINT

Direct your willpower toward your goals only

third KEY POINT

Directed thinking attracts the things you want

fourth KEY POINT

To succeed in a business, you need to have the qualities it requires

fifth KEY POINT

Conclusion

About the author

Wallace D. Wattles was an American New Thought writer. He dedicated a significant part of his career to studying the laws of success.

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Frequently asked questions

What is The Science of Getting Rich about?

The Science of Getting Rich, authored by Wallace D. Wattles, focuses on the principles of acquiring wealth and encourages readers to cultivate a mindset of abundance. It emphasizes that anyone can become rich by adhering to specific mental strategies and engaging in positive actions aligned with their goals.

How many pages is The Science of Getting Rich and when was it published?

The Science of Getting Rich is typically around 100 pages long and was first published in 1910. This concise length makes it an accessible read for anyone looking to understand the foundational concepts of wealth creation.

Is The Science of Getting Rich worth reading?

Absolutely, The Science of Getting Rich is considered a classic in personal finance literature and is highly regarded for its straightforward teachings on wealth-building. Its principles resonate with many readers looking to improve their financial situations and inspire a mindset shift toward prosperity.

What are key takeaways from The Science of Getting Rich?

Key takeaways from The Science of Getting Rich include the importance of clear goals, the power of positive thinking, and taking effective actions that align with your desires. The book teaches that wealth is attainable through focused intent and consistent effort.

How does The Science of Getting Rich relate to modern finance principles?

The Science of Getting Rich lays foundational ideas that align with many modern finance and self-help concepts, such as the law of attraction and abundance mindset. Its core message that thought precedes action is often echoed in today’s financial success strategies.