The Science of Getting Rich
Wallace Wattles
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Summary
Published in 1910, Wallace D. Wattles’ 'The Science of Getting Rich' serves as a seminal text in the New Thought movement, presenting a pragmatic, almost mathematical approach to wealth acquisition that eschews traditional notions of luck, talent, or cutthroat competition. Wattles’ core thesis is built upon the foundational belief that there exists a 'Formless Substance' or a primal energy from which all things are created. He argues that by imprinting our desires upon this substance through focused thought and unwavering faith, we can bring about the physical manifestation of wealth. Unlike many of his contemporaries who viewed poverty as a pious state or a necessary societal evil, Wattles boldly asserts that the desire to be rich is actually a desire for a fuller, more abundant life, which is the inherent purpose of nature. He suggests that becoming wealthy is not a matter of saving or environment, but a result of doing things in a 'Certain Way'—a systematic integration of mental focus and efficient physical action. This 'Certain Way' requires an individual to transition from the competitive mind, which seeks to take from others, to the creative mind, which seeks to create value that adds to the total wealth of the universe without depriving anyone else.
The central argument of the book posits that the universe is inherently abundant and that 'Formless Intelligence' is always seeking to expand and express more life. Wattles provides evidence for his claims by appealing to the philosophical monism of the era, suggesting that since all things come from one original source, the mind has a direct influence over the material world. He explains that getting rich is a deterministic outcome if one follows specific laws: first, forming a clear mental image of what one wants; second, holding that image with purpose and faith; and third, acting in the present moment with efficiency. Wattles emphasizes that thought alone is not enough; the individual must provide a channel through which the creative substance can flow into the physical world. This is achieved through work and trade where the value given to others always exceeds the cash value received. He rejects the idea of a 'fixed pie' of resources, arguing that since substance is infinite, one person’s gain never necessitates another’s loss. Instead, he highlights the law of attraction long before it became a modern buzzword, focusing on the mental attitude of gratitude as the bridge between the individual and the source of all wealth.
Why this book matters today cannot be overstated; it provided the direct inspiration for modern blockbusters like 'The Secret' and shaped the entire landscape of the self-help and personal finance industries. In a world often characterized by scarcity mindsets and economic anxiety, Wattles’ philosophy offers a radical alternative: the idea that wealth is a tool for personal and spiritual expansion rather than an end in itself. Its real-world application lies in the shi...