Monday, January 21, 2013

Wallace Wattle's The Science of Getting Rich - Review

By Eric L. Miller


Wallace Wattles was born in the 1800s at a time when there was war going on in States. Wallace Wattles faced lot of hardships and also faced failures until in the latter parts of his life where he did experimentations and tireless study which he implemented in his book "The Science of Getting Rich." The book is more of a practical manual than being pragmatical or philosophical. It is a book which is useful for both men and women, who are looking forward to reach their goal and earn money.

Wattles became involved with New Thought speakers of the 1890's in Chicago, including Emma Curtis Hopkins and William Walker Atkinson, both of whom were prolific writers. He is known to have studied the works of Georg Hegel and Ralph Waldo Emerson and recommends them with other philosophers to his readers. His involvement with Hopkins, Atkinson, and others in the 1890's led him to start writing books and articles in which he shared the philosophy he had adopted.

However, there is only one downside of this book which is, it is a "psycho babble" from various aspects and this is not appealing to some readers. If you go through "The Science of Getting Rich" book, you will find that there is no exercise that will tell you on how to become rich or what sorts of investments you should do to get rich. The book explains that to get rich you have to go about your daily business and at the same time organize your day to day affairs in such a way that money can flow in. The chapter that was particularly appealing to me was the one on gratitude. Wallace in this chapter mentions that he is a firm believer in being grateful before acquiring wealth.

In 1908 Wattles was a candidate for election to the Eighth Congressional District of Indiana. Subsequently, he ran in the 1910 election for the office of Prosecuting Attorney for the Madison County, Indiana court. He did not win either of these elections.He died in 1911, shortly after The Science of Getting Rich was published. Even though he had little education, grew up in a simple working-class family, and was poor most of his life, Wattles became a wealthy man by the time of his death.

But now, looking back at my family life, I have since come to realize that my mother, with almost no formal education, no career skills, no money, and three small children to feed, inherently understood many of the basic concepts in this book. My mother was not as eloquent as Wattles, and she didn't have much of an opportunity to put Wattles' principles into practice. But me and my brothers were inadvertently living and learning Wattles' concepts every day - through the actions of our mother. She taught us that even in the worst of times, that by sticking to our single-minded vision to grow and thrive, that we will survive; and acting everyday with purpose to achieve our goals, that our faith in each other and in our dream of creating a successful life will help us succeed; and our gratitude to God for keeping us healthy so that we could keep working and studying, we would eventually be successful. And eventually, we were.

The Science of Getting Rich begins on the right note by explaining how money is important to achieve whatever goals you might have. You might think your goals transcend all that and are above something petty like money, but the truth is that you need certain things - practical everyday things and objects to get there and only money can get you those. To understand how sensible the advice in The Science of Getting Rich is, think about it this way. If you aspire to be a writer and are living in a little apartment doing all your chores yourself, then you can't devote as much time to writing as a person who is rich, lives in a nice big house and has maids to do all the messy chores so that he/she can focus on the thing he/she does best - write some great books!

The main premise of The Science of Getting Rich is that there is a certain way of doing things. Rich people are rich because they are doing things a certain way, following certain unbreakable rules. There are indeed some unbreakable rules that all must abide by and these rules have withstood the test of time and practicality and if followed to the letter, they can make anyone rich. The author, Wallace D. Wattles talks about the importance of practical thinking.

The Science of Getting Rich is a successful self-help book and it is so popular that it can easily find its way in the future Hall of Fame of popular books. It has all the ingredients that are necessary for a book to be exciting, appealing and readable. Moreover, The Science of Getting Rich is short and to the point and it is written in a lucid and eloquent manner, so that the readers can easily understand what it is trying to convey to its audience.

Many times we do not see opportunities that are right in front of us because our attitude is wrong. Ask formless intelligence to show you opportunities that are around you, right where you are today. You may find new and exciting ventures have been there all along!It may take someone looking in from the outside to point out new opportunities to you. A mentor or a coach or even a trusted friend can often point out things you overlook. What you want might be easily within your reach, but you look right past it.

The Science of Getting Rich is an exciting book, however, there is one negative aspect about this book; it is a psychobabble and for some readers it might not be very much appealing. The Science of Getting Rich will not tell you about the types of investments that you should make to become rich or about any exercise that will help you to become rich. It is a book that will tell you that to become rich you have to manage your day-to-day business affairs efficiently, so that money can come in. So, as a whole this a great book to read because it is extremely appealing and it is true to its subject matter.




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