Book Summary: The Science of Getting Rich by Wallace D. Wattles

“The Science of Getting Rich” is a groundbreaking self-help book by Wallace D. Wattles. In it, he elucidates the principles of acquiring wealth by adhering to a concrete series of mental and physical activities. These are underscored by the premise that anyone, regardless of their circumstances, can improve their financial situation by applying his concepts.

Key Takeaways

  1. The Right to Be Rich: Wattles believes that everyone is entitled to a prosperous life. There is no virtue in poverty; instead, life is meant to be lived abundantly.
  2. The Science of Getting Rich: Wattles proposes that wealth acquisition follows a scientific method, just like physics or chemistry. This science is predicated on the existence of an original substance, a sort of creative energy that can be shaped by our thoughts.
  3. The Power of Thought: According to Wattles, thoughts are the only power that can produce tangible riches. A clear mental picture of one’s desires, held with unwavering purpose and faith, and followed by gratitude, leads to the accomplishment of the goal.
  4. Gratitude: Gratitude has a central role in Wattles’ philosophy. It helps maintain a positive mindset and strengthen faith, leading to the actualization of our desires.
  5. Efficient Action: Alongside mental activities, Wattles places great emphasis on action. It’s not about hard work, but about doing things in a certain, efficient way.

Action Steps

  1. Claim Your Right: Acknowledge your right to be rich. Affirm that it is good and necessary for the full development of your potential.
  2. Visualize Your Riches: Form a clear and distinct mental image of what you want. Your visualization should be backed by a purposeful intent to realize it, and an unwavering faith in its actualization.
  3. Practice Gratitude: Cultivate a daily habit of gratitude. Be thankful for everything that brings you closer to your goal.
  4. Efficient Action: Do every day all that you can do that day, and do each act in an efficient manner.
  5. Refrain from Competitive Thought: Instead of competing for existing wealth, create. The universe is abundant, and there is enough for everyone.

In “The Science of Getting Rich”, Wallace D. Wattles elucidates a practical, straightforward path to wealth, making it accessible to everyone. It serves as a foundation for several modern-day self-help teachings and continues to inspire readers over a century after its original publication. The principles it outlines, once understood and applied, have the potential to bring about significant financial transformation.

You may also like