The Science of Getting Rich Summary I Wallace D. Wattles

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Book – The Science of Getting Rich (Summary)

Author – Wallace D. Wattles

Genre – Self-help Book

Published in – 1910

Money is a very touchy subject, and there are as many perceptions and beliefs as there are experiences of people around Money.

Wallace D. Wattles, in The Science of Getting Rich, claims that all of us can obtain enough wealth to live as we desire and fulfill our life purpose.

The normal desire for increased wealth is not an evil or a disgraceful thing; it is simply the desire for a more abundant life; it is an aspiration.

About The Book

Wallace claims there exists a science of getting rich, and like algebra or arithmetic, once this science is understood and replicated, it will create wealth. Wealth is as infinite as the creative mind. Create ideas, take action, and abundance will flow with mathematical certainty.

The science of getting rich is more of a practice manual for accumulating wealth than philosophical theory. He expects readers to accept fundamental statements upon faith and act upon them without hesitation or fear. He had given a few philosophical references for skeptics to refer to.

Men and Women in all localities, businesses, jobs, or vocations have success and failure. The income of two people varies in the same field because the people who succeed think and act in a certain way.

A Few Key Points From the Book

1) Body, Mind and Soul –

There are three motives for which we live: we live for the Body, we live for the mind, and we live for the soul. No one of the three is better or holier than the other; all are alike desirable, and no one of the three, Body, mind, or soul, can live fully if either is cut short of whole life and expression.

2) Three Things to Consider –

Consider the fundamental statement below upon faith and let it be ingrained in your mind. These three statements are the basis of the whole book and formula. Please read it carefully and contemplate it well.

  • First – There is a thinking stuff from which all things are made and which, in its original state, infuses, penetrates, and fills the inter-spaces of the universe.
  • Second – In this Substance, a thought produces the thing that is imaged by the idea.
  • Third – Man can form things in his thoughts and, by impressing his ideas upon formless Substance, can cause the thing he thinks about to be created.

3) How Riches Come to You

  • You cannot give every man more cash market value than you take from him, but you can give him more in-use value than the cash value you bring.
  • Give every man more use value than you take from him in cash; then you add to the world’s life with every business transaction.
Woman bowing in gratitude

4) Gratitude –

  • The whole mental adjustment and atonement process can be summed up in one word: Gratitude.
  • First, you believe that there is one Intelligent Substance from which all things proceed.
  • Second, you believe that this Substance gives you everything you desire.
  • Third, you relate yourself to it with a feeling of profound gratitude.

5) Thinking in a Certain Way

  • Wallace explains that thinking in a certain way means clarifying what we want, making a picture or situation clear, seeing yourself doing it, and believing it is done. He further explains that you must spend as much leisure time as possible contemplating your picture.
  • Behind your clear vision must be the purpose to realize it, to bring it out in tangible expression.
  • And behind this purpose must be an invincible and unwavering FAITH that the thing is already yours; it is “at hand,” and you only have to take possession of it.
  • One does not need to repeat daily what one wants in affirmation, but one needs to constantly hold the picture of the outcome and live in the mind of its manifestation while working and in leisure time.

6) Act in Certain Way

  • Wallace explains that thinking in a Certain Way will bring riches to you, but you must not rely upon thought alone and pay equal attention to personal action.
  • He suggests that we act now in the path of our vision, irrespective of our current scenario, and not wait for the ideal situation or time to act. As we take the first step in faith with resources available at the time, the path will be created, and we will be directed toward our vision.

7) How To Use Will

  • Wallace explains that man doesn’t have to use his will physically or mentally on others and make them do things; however, use your mind to form a mental image of what you want, hold that vision with faith and purpose, and use your will to keep your mind working in the Right Way.
  • The more steady and continuous your faith and purpose, the more rapidly you will get rich because you will make only POSITIVE impressions upon Substance and will not neutralize or offset them by opposing beliefs.
  • Since belief is all important, it is necessary to guard your thoughts and your thoughts will be shaped to a great extent by the things you observe and think about, so you must command your attention.

8) Efficient Action

Few Suggestions For Acting Efficiently

  • You must use your thoughts in a certain way and begin to do what you can, wherever you are, with available resources.
  • The world is advanced only by those who more than fill their present places.
  • Please do everything you do perfectly every day, but do it without haste, worry, or fear. Go as fast as you can, but never hurry.
  • Remember that the moment you begin to hurry, you cease to be a creator and become a competitor; you again drop back upon the old plane.

9) Getting Into Right Business

  • Wallace suggests that it is essential that one chooses work which he is suited for, and having said that, it doesn’t mean he cannot learn new things.
  • If any vocation is outside your current work, you may start learning about it and move into that gradually, as nothing speeds up prosperity but work that makes you feel great.

I have also created a video of a few quotes from the book – I hope you like it. Please subscribe to my YouTube channel – Myread4change.


This small book of hardly 70 pages is worth your time and implement the lesson. You will get simple-to-follow information and take your step closer to your dream of living a more fulfilling, rich life.

I recommend you read this book at least a few times and implement the lessons you learn.

If you like this book, You will also enjoy “The Complete Game of Life and how to play it” by Florence Scovel Shinn.

Please share your feedback/suggestions on this book summary or if you have any questions, and I will be glad to respond.

Thank you for reading. Wish you a Rich Life.


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