After Wallace D. Wattles -American Writer- wrote The Science Of Getting Rich In 1910, he said that this book is all that you need if you wanna get wealthy and he was totally right because the principles of this book are still working to this day even after almost a century since the book came out.
In this blog, we will be representing The science of getting rich summary by Wallace D. Wattles.
” There is a science of getting rich. It is an exact science, like algebra or arithmetic. There are certain laws which govern the process of acquiring riches. Once a person learns and obeys these laws, he will get rich with mathematical certainty”.
-Wallace D. Wattles
The science of getting rich explained
The reason why the author called it science is because if any man or woman tried these steps and applied them correctly the failure becomes an impossible thing just like any other natural law.
To understand more let’s take an example: if we throw an object in the air it will land on earth due to gravity, that’s the same for Wallace D. Wattles when applying the principles written in his book getting rich is granted.
Your Thoughts Create Your Reality
Some people call it the law of attraction, others call it manifestation, and they are all the same, the idea is if you want something think about it in a positive way and imagined yourself already having it your brain will start thinking of possible ways and opportunities to make it in the real life and with the right actions in the right time you will eventually reach your goals no matter how impossible they seemed in the beginning.
I mean who thought that a human being could fly 8,431 miles in less than a day (15 hours and 30 minutes), if said this in the past you might be called crazy but it makes sense now because someone else believed in his thoughts.
Money Is Just a Form Of Value
If we looked at the top richest peoples in Forbes magazine we will find that all of them has added at least one thing to this world, Elon Musk co-founded an electronic payment (PayPal) and founded the spacecraft company SpaceX, and he became CEO of the electric-car maker Tesla. Jeff Bezos is the founder and CEO of the e-commerce company Amazon which has over 1,608,000 employees also he found a space exploration company called Blue Origin, and the list goes on.
Think about it, money is just a form of value, you get rewarded with money when you deliver a valuable thing to the other person so if you wanna make money you need to think of what you can do that will make people reward you for delivering it to them, bu doing this you shift your mind from focusing on money to focusing on the actual way of making money which is creating value.
Focus On Creation Rather Than Competition
Wallace D. Wattles sees that focusing on creation is more important than focusing on competition, and the key to stopping competition is to look for innovation, our best example here is Apple, throughout the past 20 years apple adopted a strategy called the blue ocean strategy, basically, it means searching to open up a new market space and create new demand, making the competition irrelevant. Apple went from making computers to making digital music players and finally making smartphones.
When you create new things you don’t have to worry about competitors, thus, you start spending money to make money and not just to eliminate the competition that gonna cost you your time, effort, and money.
In the end, I want you to know that reading summaries is helpful (at least better than not reading at all). But, you will not get the full benefit unless you read the whole book. Remember: “reading a summary of a certain book is like watching a trailer of a movie while reading the whole book is like watching the whole movie.”
Buy The 48 Laws Of Power By Robert Greene:
My name is Muhammad Islem I’m a college student, I have 3 years since I started learning about digital marketing, I like talking about businesses, marketing, books, and ways of making money.
I’ve created this blog to talk about things that interested me and to help young entrepreneurs start their own businesses and escape their boring 9 to 5 jobs.