Tale Teller Club: Wattle

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Aug 19, 2024

"The Science of Getting Rich" by Wallace D Wattles, A Concise Version by LitBits™ Media

"The Science of Getting Rich" by Wallace D Wattles, A Concise Version by LitBits™ Media.

Chapter 1: The Right to Be Rich. Wattles begins by stating that every person has the right to be rich because wealth enables us to fully develop our potential and contribute to society. Money is essential for living a complete and fulfilling life, and it's not just about having things—it's about becoming the best version of yourself.

Chapter 2: There Is a Science of Getting Rich. Wattles argues that acquiring wealth is not about luck or talent; it’s about following certain scientific principles. Just as there are laws in the physical world, there are laws in the spiritual world that govern the process of becoming rich.

Chapter 3: Is Opportunity Monopolized? Contrary to what many believe, Wattles asserts that opportunities are not limited. He believes that the universe is abundant and that there is enough wealth for everyone. This mindset is crucial for success.

Chapter 4: The First Principle in the Science of Getting Rich. The key to getting rich, according to Wattles, is thinking in a "Certain Way." This means maintaining a positive mindset and focusing on abundance rather than scarcity. By aligning your thoughts with the concept of wealth, you start to attract it.

Chapter 5: Increasing Life. Wattles emphasizes that getting rich is about more than just personal gain. Wealth should be used to enrich not only your life but also the lives of others. By contributing to the world, you align with the natural laws of the universe.

Chapter 6: How Riches Come to You. Riches are attracted to you through creative, not competitive, means. Instead of competing for limited resources, focus on creating value and opportunities. This involves visualizing your goals and taking practical steps to achieve them.

Chapter 7: Gratitude Wattles highlights the importance of gratitude. Being grateful for what you have, and what you desire to achieve, aligns your mind with the positive forces of the universe. Gratitude strengthens your connection to your goals and fuels your creative power.

Chapter 8: Thinking in the Certain Way To get rich, you must think in a Certain Way consistently. This means being clear about your goals, believing in your ability to achieve them, and maintaining focus on your desired outcome without doubting or fearing failure.

Chapter 9: How to Use the Will. Your willpower should be directed inward, focusing on controlling your thoughts and staying true to your vision. Rather than trying to control external circumstances, align your inner world with your goals, and let the universe take care of the details.

Chapter 10: Acting in the Certain Way. Wattles stresses the importance of taking action. Thoughts alone won’t make you rich; you must act on them in a way that aligns with your goals. Every action should be purposeful and directed towards your vision of wealth.

Chapter 11: Efficient Action. Success comes from doing everything you do efficiently and effectively. It’s not about working harder, but about working smarter, ensuring that each step you take moves you closer to your goals.

Chapter 12: Getting into the Right Business. While it's important to be in a business that aligns with your passions and abilities, Wattles emphasizes that the principles of getting rich apply universally. No matter the industry, if you think and act in a Certain Way, you can achieve wealth.

Chapter 13: The Impression of Increase. Make it your goal to always give more in value than you take in payment. This creates an impression of increase and abundance, which attracts more wealth to you. People should feel that they gain something valuable by associating with you.

Chapter 14: The Advancing Man. To truly get rich, you must see yourself as an advancing person—someone who is constantly growing, learning, and evolving. This mindset keeps you open to new opportunities and allows you to keep moving forward.

Chapter 15: Avoiding Competitive Mind. Wattles advises against falling into the trap of competition. Instead of seeing others as rivals, focus on creating new opportunities and adding value. The universe has enough for everyone, and competition only limits your potential.

Chapter 16: Some Cautions, and Concluding Observations. In the final chapter, Wattles cautions against letting negative thoughts and doubts creep in. He reinforces the importance of faith, purpose, and persistence. By following the principles laid out in the book, wealth is achievable for anyone.

Application to Contemporary Global Markets:

In today’s global markets, Wattles’ principles can be applied at both micro and macro levels. For small businesses, focusing on creating value, maintaining a positive mindset, and taking efficient action can lead to sustainable growth. On a larger scale, companies that prioritize innovation over competition and contribute positively to society tend to attract more customers and build long-term success.

Gratitude and the mindset of abundance are also crucial in the global market, where economic challenges can cause fear and scarcity thinking. By fostering a culture of gratitude and positivity, businesses can thrive even in tough times. Wattles’ emphasis on the creative process over competition is especially relevant in a world where collaboration and innovation drive progress.

Main Takeaways and Legacy:

"The Science of Getting Rich" remains popular because it presents a timeless formula for success that goes beyond traditional financial advice. It combines spiritual principles with practical steps, making it accessible and appealing to a wide audience. The book’s focus on mindset, gratitude, and creative action resonates with people seeking a holistic approach to wealth and success.

The idea that wealth is not about taking from others, but about creating value and contributing to the world, is a powerful and positive message that continues to inspire readers. Wattles' teachings on the power of thought and the importance of aligning one's actions with one's goals are concepts that remain relevant in today’s fast-paced and ever-changing world.