One of the first books published on Thought Leadership and as featured in the bestselling book The Secret, here is the landmark guide to wealth creation. Wallace D. Wattles spent a lifetime considering the laws of success as he found them in the work of the world’s great philosophers.
He then turned his life effort into this simple short book – a volume that he vowed could replace libraries of philosophy, spirituality, and self-help for the purpose of attaining one definite goal: a life of prosperity.
Wattles describes a definite science of wealth attraction, built on the foundation of one commanding idea: “There is a thinking stuff from which all things are made.
A thought, in this substance, produces the thing that is imaged by the thought.”
Wattles further explains how creation and not competition is the hidden key to wealth attraction, and how your power to get rich uplifts everyone around you.
What this book gives you is a method for the success that is as certain of results as mathematical equations, if it is followed to the word. Getting rich is not a matter of what environment that you start in, it is a matter of cause and affect. Things come to you when you make them come to you. Born with no capital then go get capital and get rich. In a bad place then get in a good place. Got bad people around you then get rid off them. You are the one who gets the success.
The three most powerful points I took from the book were;
Getting rich is not a matter of what environment that you start in, it is a matter of cause and affect
Once you have a thought live it, breath it and it will soon be a reality
Be like a sailor: have a destination in mind and never sway from that compass bearing and continue to move towards it
Nature Is Limitless, Everyone Can Be Rich.
Wallace says that it is a misconception that wealth is limited, he says that nature is inexhaustible. In fact he talks of a ‘formless substance’ which continually produces wealth for the men that desire it and work for it. The formless substance reacts to the needs of men. He claims that collectively the world is rich, individuals are only poor because they do not act in the certain way. It is this certain way of acting that he discusses in his book. So do not accept the common tale that markets are monopolised and there is no way for you to make money, just remember the world has endless resources and you just need to find a way of tapping into them.
Visualise Your Goals.
Every single thing that has come to men is as a result of an initial thought, thoughts always find a way to manifest themselves into reality. Before you attempt to do anything you have to have a clear thought of the end result or what you achieve is not under your control. Get in the mindset of dedication and you will be dedicated, equally get into the mindset that you are a successful person and that is what you will be. Once you have a thought live it, breath it and it will soon be a reality. The power to turn thoughts into success lays in the ability to control the way that you think. Thinking health in the midst of disease and thinking wealth in the midst of poverty is the key to success. Do not become distracted by other peoples failure or they will become your own. Don’t think according to what surrounds you or you have no control over your fate.
Get Off The Competitive Plane.
The realisation that their is endless wealth for you to make use of takes you off the competitive plane. Becoming successful at the expense of others is not a success, what you take from others can easily be taken back. If you have a clear aim and are above the competitive plane then no one can take what you have and you don’t need what others have. What you are doing will advance the life of others, who is going to take that from you? There is no need to be hasty to enforce an idea that you just had because no-one can take away what you want to achieve, there are limitless resources in the world.
Give The Customer Something Of Value.
The only way that you are going to be consistently bringing wealth to yourself is if you give more in use value to people than you get in cash value for return. Wallace uses his book as an example, if you follow the advice in his book then you will become rich, you will have turned a something of little value, just some paper and ink, into something worth thousands or millions of pounds in use value. Do not try to exploit customers for your own gain, your aim in life should be to advance their lives more than your own. If you are doing this then you cannot feel bad for becoming wealthy because along the way you have made others wealthy. You should want for others what you want for yourself and wealth will come to both of you.
Act With A Specific Goal In Mind.
There is a certain way you need to think, according to Wallace, and that is with exact purpose and desire. It is not enough to have a general yearning for wealth and success. Everyone wants this, what you need is a specific goal, exactly how much do you want to be earning in one years time? Exactly what do you want to be doing in one years time? This is what you need to answer. When writing a letter you don’t give the recipient a general jumble of words and allow them to make their own sentences out of it, you write with a purpose and point. This should be true for you life, don’t aim to be a millionaire aim to make £1,896,764.54 in 256 days by selling cars to families. It is specific aims that will come true and general aims that will not. You have to want something enough that it is always on your mind.
Become Fully Engaged In Reaching Success.
Now you know what you want you have to act. Don’t spend your time daydreaming about what you want because you are not trying to get it, it’s a waste of time. Keep your desire in mind, keep your face towards it at all times and act on it. Be like a sailor: have a destination in mind and never sway from that compass bearing and continue to move towards it. However the only person that you should enforce your will upon is yourself, forcing people to do things for you either physically or intellectually is no better than condemning them to slavery. Only use your willpower on yourself and use it to take you to your dreams. Study success and learn how to get to it, be so engrossed in what you want that anything that opposes it is excluded from your mind. Act with only one goal in mind and don’t stop until you achieve it. Remember you will be helping people in this way by providing them with the inspiration they need to develop themselves.
Pick Up The Tools You Need As You Go Along.
You need skills to be successful, professional singers are really good at singing but there are plenty of amazing singers that haven’t made it. There is clearly something that is missing and that thing is, in Wallaces’ opinion, that certain mindset for success, the tools needed to deliver your talents. You can give a person the tools needed to build a chair, but if they don’t know how to use them effectively no chair is getting built. The mindset for success is more important than the tools needed to give it to you. Desire is power waiting to manifest itself. If you want to achieve something enough then you will learn how to do it. You can become successful in any business, you will just need to make the tools necessary along the way.
So to get rich; and not just financially, you need:
To understand that resources are limitless and there for the taking
To have a clear aim that is strong enough it never leaves your mind
To find a way to bring great value to others lives before your own
To act on your desires without ever drifting from your true purpose
To develop the necessary skills along the way
What I took from it.
Getting rich are all doing things in a certain way; following certain laws. Everything comes from a thought and thoughts become things. Riches don’t come from the environment, so don't blame your upbringing or past for your current and future failings. The world is a place of A B U N D A N C E: there’s no need of competition, just be a creator. It all starts with a desire to be rich, thinking about it constantly but also to be specific and to act when opportunities present itself.
What I also took from this book was that one cannot just live an idle life. To do so discredits God's purpose for us. Life is precious and God created us to live a full and abundant life. In order to live a full and abundant life and to make full use of all that life has to offer; one needs to be able to afford things. There is a difference between greed and wanting to be rich. The love of money equals greed; the love of life equals the being rich.
We will all have our own definitions of 'rich' depending on our definition of 'abundance'
The book is short and to the point and an easy read. First published in 1910, it must have been one of the first books written on Thought Leadership and the precursor for many similar books to follow. In Wattles opinion, this should be the only book to ever read on wealth creation and to study it in depth. I am not sure I agree with that, but I did find the book very enjoyable and full of thought provoking ideas that I will try and apply in my life.