Wednesday, June 28, 2017

#111.1 The Science of Getting Rich - Wattles

Part I

The Science of Getting Rich is a classic, written by Wallace D Wattles, and published in 1910. Wattles died in 1911 shortly after publishing this book. Forgotten for decades, it was recently rediscovered. The timeless principles in this classic will transform your financial future.

A primary principal in The Science of Getting Rich is to always give more in "use value" than you receive in "cash value" for your products or services. As Wattles states in his book, if you practice and apply this science, you will get rich!

Or so it says. Yes, you see, we want you to know the ground from which things presented here spring forth. In this case it was simply an ideal, carried per usual into a social movement, an idealism. Such was New Thought; an American intellectual movement of a little over a hundred years ago that stretches back to R.W. Emerson and his set in the early 19th century.

New Thought holds that Infinite Intelligence, or their definition for God, is everywhere, spirit is the totality of real things, true human self hood is divine, divine thought is a force for good, sickness originates in the mind, and "right thinking" has a healing effect. Sounds a lot like Christian Science, which is a related belief system. New Thought was and is a cobbled together idealism composed of elements from Buddhism, Hinduism, Gnosticism, etc. whatever. There is a healthy skepticism that wants to know the distinction between fantasy and reality. There is no reason to trust this diaphanous philosophy as it has no basis but material suppositions, unless just believing (accepting) that something is so, causes it to become so, which can not be verified to be the case; the claim of “science” is hence spurious! There's more to it as we shall see.

We are not presenting it here pressing for any belief as in a “belief system” or a “religion” or anything like that. The reason we're posting it here, with notes regarding this blog's proposal, is that it conveys a perspective, a point of view, an attitude. Whether one's goal would be to get rich or to prosper, instruction in the attitude this material expresses addresses all true John and Jane Galts out there in the world, those who would not be undersold or undervalued; those who at least trade value for value. I encountered two such places right here in my little village yesterday. I shall continue to patronize them. They do exist and we'll find out more about them as we examine what Wattles has to say.

Wattles' brief book of around 50 pages was organized as follows:



CHAPTER 1 - The Right To Be Rich
CHAPTER 2 - There is A Science of Getting Rich
CHAPTER 3 - Is Opportunity Monopolized?
CHAPTER 4 - The First Principle in The Science of Getting Rich
CHAPTER 5 - Increasing Life
CHAPTER 6 - How Riches Come to You
CHAPTER 7 - Gratitude
CHAPTER 8 - Thinking in the Certain Way
CHAPTER 9 - How to Use the Will
CHAPTER 10 - Further Use of the Will
CHAPTER 11 - Acting in the Certain Way
CHAPTER 12 - Efficient Action
CHAPTER 13 - Getting into the Right Business
CHAPTER 14 - The Impression of Increase
CHAPTER 15 - The Advancing Man
CHAPTER 16 - Some Cautions, and Concluding Observations
CHAPTER 17 - Summary of the Science of Getting Rich


The original preface:

This book is pragmatical, not philosophical; a practical manual, not a treatise upon theories. It is intended for the men and women whose most pressing need is for money; who wish to get rich first, and philosophize afterward. It is for those who have, so far, found neither the time, the means, nor the opportunity to go deeply into the study of metaphysics, but who want results and who are willing to take the conclusions of science as a basis for action, without going into all the processes by which those conclusions were reached.

He addresses people of ACTION not inaction. How few are there of these?

It is expected that the reader will take the fundamental statements upon faith, just as he would take statements concerning a law of electrical action if they were promulgated by a Marconi or an Edison; and, taking the statements upon faith, that he will prove their truth by acting upon them without fear or hesitation. Every man or woman who does this will certainly get rich; for the science herein applied is an exact science, and failure is impossible. For the benefit, however, of those who wish to investigate philosophical theories and so secure a logical basis for faith, I will here cite certain authorities.

The monistic theory of the universe the theory that One is All, and that All is One; That one Substance manifests itself as the seeming many elements of the material world -is of Hindu origin, and has been gradually winning its way into the thought of the western world for two hundred years. It is the foundation of all the Oriental philosophies [Buddhism and Confucius], and of those of Descartes, Spinoza, Leibnitz, Schopenhauer, Hegel, and Emerson. [Kant as well] The reader who would dig to the philosophical foundations of this is advised to read Hegel and Emerson for himself.

Dialectics of the sort which have two opposite poles which supposedly must battle for final equilibrium in the form of a solution all stem from Hegel. Emerson's contribution is mystification: if it isn't clear enough, make it cloudier.

In writing this book I have sacrificed all other considerations to plainness and simplicity of style, so that all might understand. The plan of action laid down herein was deduced from the conclusions of philosophy; it has been thoroughly tested, and bears the supreme test of practical experiment; it works. If you wish to know how the conclusions were arrived at, read the writings of the authors mentioned above; and if you wish to reap the fruits of their philosophies in actual practice, read this book and do exactly as it tells you to do.

The Author

CHAPTER 1 - The Right To Be Rich

One might ask, why rich? Why not, the right not to be poor? Why do people climb mountains instead of seeking swamps? What we're definitely standing behind throughout this blog is the right to have your WILL over your life, your liberty (freedom), and your property. You have a natural right (not a civil right) by which to utilize your own innate wealth capable of producing an income measured in terms of money.  This we regard as FREE/private enterprise as opposed to capitalism, the itch with capital, whereby money makes money on money without work, which since it is based on usury, the demand back of what was not issued/created, we regard as stealing.

I have changed and will change some of the original formatting for emphasis.

WHATEVER may be said in praise of poverty, the fact remains that it is not possible to live a really complete or successful life unless one is rich. No man can rise to his greatest possible height in talent or soul development unless he has plenty of money; for to unfold the soul and to develop talent he must have many things to use, and he cannot have these things unless he has money to buy them with.

Those that have succeeded have understood the emphasized, whether consciously or not.

A man develops in mind, soul, and body by making use of things, and society is so organized that man must have money in order to become the possessor of things; therefore, the basis of all advancement for man must be the science of getting rich.

The object of all life is development; and everything that lives has an inalienable right to all the development it is capable of attaining. Man's right to life means his right to have the free and unrestricted use of all the things which may be necessary to his fullest mental, spiritual, and physical unfoldment; or, in other words, his right to be rich.

As we pointed out in the Ayn Rand series whether you or I believe any of this, many or even most of the elites do so. What do THEY have that you do not? Money. THEIR money of course. But whether living with a legitimate monetary system such as the one proposed by this blog, or the present doggerel, dilapidated, illegitimate and counterfeit monetary systems including all the srypto-currencies, the actions in which business and life are carried out matter and how they are carried out and with what attitude they are carried out matters a great deal.

In this book, I shall not speak of riches in a figurative way; to be really rich does not mean to be satisfied or contented with a little. No man ought to be satisfied with a little if he is capable of using and enjoying more. The purpose of Nature is the advancement and unfoldment of life; and every man should have all that can contribute to the power; elegance, beauty, and richness of life; to be content with less is sinful.

The man who owns all he wants for the living of all the life he is capable of living is rich; and no man who has not plenty of money can have all he wants. Life has advanced so far, and become so complex, that even the most ordinary man or woman requires a great amount of wealth [is it mere cash, things or something producing income?] in order to live in a manner that even approaches completeness. Every person naturally wants to become all that they are capable of becoming; this desire to realize innate possibilities is inherent in human nature; we cannot help wanting to be all that we can be. Success in life is becoming what you want to be; you can become what you want to be only by making use of things, and you can have the free use of things only as you become rich enough to buy them. To understand the science of getting rich is therefore the most essential of all knowledge.

There is nothing wrong in wanting to get rich. The desire for riches is really the desire for a richer, fuller, and more abundant life; and that desire is praise worthy.

The man who does not desire to live more abundantly is abnormal, and so the man who does not desire to have money enough to buy all he wants is abnormal.

There are three motives for which we live;

we live for the body,
we live for the mind,
we live for the soul.

No one of these 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 of the others is cut short of full life and expression.

It is not right or noble to live only for the soul and deny mind or body; and it is wrong to live for the intellect and deny body or soul.

Consider all these as you will according to your own circumstances.

We are all acquainted with the loathsome consequences of living for the body and denying both mind and soul; and we see that real life means the complete expression of all that man can give forth through body, mind, and soul. Whatever he can say, no man can be really happy or satisfied unless his body is living fully in every function, and unless the same is true of his mind and his soul. Wherever there is unexpressed possibility, or function not performed, there is unsatisfied desire. Desire is possibility seeking expression, or function seeking performance.

Man cannot live fully in body without good food, comfortable clothing, and warm shelter; and without freedom from excessive toil. Rest and recreation are also necessary to his physical life.

We have made a helpful concept here; work is the time out of the rest of your life in which you are paid in money to split the barter for your time for things you really need such as food, shelter, clothing, etc. We like to draw a distinction between the world or work and the rest of our lives and have a healthy resentment bordering on forcible intolerance against those who would place a crass commercial econo-meme on our lives.

He cannot live fully in mind without books and time to study them, without opportunity for travel and observation, or without intellectual companionship. To live fully in mind he must have intellectual recreations, and must surround himself with all the objects of art and beauty he is capable of using and appreciating.

To live fully in soul, man must have love; and love is denied expression by poverty. A man's highest happiness is found in the bestowal of benefits on those he loves; love finds its most natural and spontaneous expression in giving. The man who has nothing to give cannot fill his place as a husband or father, as a citizen, or as a man. It is in the use of material things that a man finds full life for his body, develops his mind, and unfolds his soul. It is therefore of supreme importance to him that he should be rich.

Everything set forth so far goes equally for the Jane Galts as for the John Galts out there.

It is perfectly right that you should desire to be rich; if you are a normal man or woman you cannot help doing so. It is perfectly right that you should give your best attention to the Science of Getting Rich, for it is the noblest and most necessary of all studies. If you neglect this study, you are derelict in your duty to yourself, to God and humanity; for you can render to God and humanity no greater service than to make the most of yourself.

Before continuing, will it make a difference that you and many tens of thousands of others, become rich in Valuns, when there no longer are any other of THEIR money? If all the mines, mints and markets deciding what an ounce of precious metals would buy were no longer THEIRS, would it matter? A monetary token that is itself near worthless nevertheless conveys the message that value was traded for value, which was the only part of the transaction that mattered; settling the terms of barter.

CHAPTER 2 - There is A Science of Getting Rich

THERE is a Science of getting rich, and it is an exact science, like algebra or arithmetic. There are certain laws that govern the process of acquiring riches; once these laws are learned and obeyed by any man, he will get rich with mathematical certainty.

The ownership of money and property comes as a result of doing things in a certain way; those who do things in this Certain Way, whether on purpose or accidentally, get rich; while those who do not do things in this Certain Way, no matter how hard they work or how able they are, remain poor.

It is a natural law that like causes always produce like effects; and, therefore, any man or woman who learns to do things in this certain way will infallibly get rich. That the above statement is true is shown by the following facts:

Getting rich is not a matter of environment, for, if it were, all the people in certain neighborhoods would become wealthy; the people of one city would all be rich, while those of other towns would all be poor; or the inhabitants of one state would roll in wealth, while those of an adjoining state would be in poverty.

But everywhere we see rich and poor living side-by-side, in the same environment, and often engaged in the same vocations. When two men are in the same locality, and in the same business, and one gets rich while the other remains poor, it shows that getting rich is not, primarily, a matter of environment. Some environments may be more favorable than others, but when two men in the same business are in the same neighborhood, and one gets rich while the other fails, it indicates that getting rich is the result of doing things in a Certain Way. And further, the ability to do things in this certain way is not due solely to the possession of talent, for many people who have great talent remain poor, while other who have very little talent get rich.

Studying the people who have got rich, we find that they are an average lot in all respects, having no greater talents and abilities than other men. It is evident that they do not get rich because they possess talents and abilities that other men have not, but because they happen to do things in a Certain Way.

Getting rich is not the result of saving, or "thrift"; many very penurious people are poor, while free spenders often get rich.

Nor is getting rich due to doing things which others fail to do; for two men in the same business often do almost exactly the same things, and one gets rich while the other remains poor or becomes bankrupt. From all these things, we must come to the conclusion that getting rich is the result of doing things in a Certain Way.

If getting rich is the result of doing things in a Certain Way, and if like causes always produce like effects, then any man or woman who can do things in that way can become rich, and the whole matter is brought within the domain of exact science.

The question arises here, whether this Certain Way may not be so difficult that only a few may follow it. This cannot be true, as we have seen, so far as natural ability is concerned. Talented people get rich, and blockheads get rich; intellectually brilliant people get rich, and very stupid people get rich; physically strong people get rich, and weak and sickly people get rich.

Some degree of ability to think and understand is, of course, essential; but in so far natural ability is concerned, any man or woman who has sense enough to read and understand these words can certainly get rich. Also, we have seen that it is not a matter of environment. Location counts for something; one would not go to the heart of the Sahara and expect to do successful business.

Getting rich involves the necessity of dealing with men, and of being where there are people to deal with; and if these people are inclined to deal in the way you want to deal, so much the better. But that is about as far as environment goes.

He may or may not have a point here. The necessity of dealing with people IS required, however there might be other ways of being productive that have nothing to do with dealing with very many people directly and still become prosperous if not rich.

If anybody else in your town can get rich, so can you; and if anybody else in your state can get rich, so can you. Again, it is not a matter of choosing some particular business or profession. People get rich in every business, and in every profession; while their next door neighbors in the same vocation remain in poverty.

It is true that you will do best in a business that you like, and which is congenial to you; and if you have certain talents that are well developed, you will do best in a business that calls for the exercise of those talents. Also, you will do best in a business, which is suited to your locality; an ice-cream parlor would do better in a warm climate than in Greenland, and a salmon fishery will succeed better in the Northwest than in Florida, where there are no salmon.

But, aside from these general limitations, getting rich is not dependent upon your engaging in some particular business, but upon your learning to do things in a Certain Way. If you are now in business, and anybody else in your locality is getting rich in the same business, while you are not getting rich, it is because you are not doing things in the same Way that the other person is doing them.

No one is prevented from getting rich by lack of capital. True, as you get capital the increase becomes more easy and rapid; but one who has capital is already rich, and does not need to consider how to become so. No matter how poor you may be, if you begin to do things in the Certain Way you will begin to get rich; and you will begin to have capital. The getting of capital is a part of the process of getting rich; and it is a part of the result that invariably follows the doing of things in the Certain Way. You may be the poorest man on the continent, and be deeply in debt; you may have neither friends, influence, nor resources; but if you begin to do things in this way, you must infallibly begin to get rich, for like causes must produce like effects. If you have no capital, you can get capital; if you are in the wrong business, you can get into the right business; if you are in the wrong location, you can go to the right location; and you can do so by beginning in your present business and in your present location to do things in the Certain Way which causes success.
By now, I'm sure we're all curious just what this Certain Way is. We'll see.

CHAPTER 3 - Is Opportunity Monopolized?

This was written from the perspective of 1910. Notice some of the technologies that came and went and might or might not come again.

NO man is kept poor because opportunity has been taken away from him; because other people have monopolized the wealth, and have put a fence around it. You may be shut off from engaging in business in certain lines, but there are other channels open to you. Probably it would be hard for you to get control of any of the great railroad systems; that field is pretty well monopolized. But the electric railway business is still in its infancy, and offers plenty of scope for enterprise; and it will be but a very few years until traffic and transportation through the air will become a great industry, and in all its branches will give employment to hundreds of thousands, and perhaps to millions, of people. Why not turn your attention to the development of aerial transportation, instead of competing with J. J. Hill and others for a chance in the steam railway world?

It is quite true that if you are a workman in the employ of the steel trust you have very little chance of becoming the owner of the plant in which you work; but it is also true that if you will commence to act in a Certain Way, you can soon leave the employ of the steel trust; you can buy a farm of from ten to forty acres, and engage in business as a producer of foodstuffs. There is great opportunity at this time for men who will live upon small tracts of land and cultivate the same intensively; such men will certainly get rich. You may say that it is impossible for you to get the land, but I am going to prove to you that it is not impossible, and that you can certainly get a farm if you will go to work in a Certain Way.

At different periods the tide of opportunity sets in different directions, according to the needs of the whole, and the particular stage of social evolution [?] which has been reached [sic]. At present, in America, it is setting toward agriculture and the allied industries and professions. Today, opportunity is open before the factory worker in his line. It is open before the business man who supplies the farmer more than before the one who supplies the factory worker; and before the professional man who waits upon the farmer more than before the one who serves the working class.

We are pointing out that ANY proposition that contends that actual progress has been achieved through some kind of “survival of the fittest” evolution by natural selection, or by whatever other means, stands as nakedly unproved and likely false. As Wattles admits, like causes always produce like effects. Therefore like follows like despite any technical changes or alternative means becoming available to you, including the proposed Valun based system. Forms and usage may change without eliminating like following like. And yes, since having all that Wattles describes must be necessary to becoming rich; it is the property and goods one acquires, including the machines and technology one acquires, that adds to one's riches, not just “securities” or having a lot of the particular variety of THEIR money.

There is abundance of opportunity for the man who will go with the tide, instead of trying to swim against it. So the factory workers, either as individuals or as a class, are not deprived of opportunity. The workers are not being "kept down" by their masters; they are not being "ground" by the trusts and combinations of capital. As a class, they are where they are because they do not do things in a Certain Way. If the workers of America chose to do so, they could follow the example of their brothers in Belgium and other countries, and establish great department stores and co-operative industries; they could elect men of their own class to office, and pass laws favoring the development of such co-operative industries; and in a few years they could take peaceable possession of the industrial field.

This sounds like a challenge from the socialist left, and considering when this was written, it probably is.

The working class may become the master class whenever they will begin to do things in a Certain Way; the law of wealth is the same for them as it is for all others. This they must learn; and they will remain where they are as long as they continue to do as they do. The individual worker, however, is not held down by the ignorance or the mental slothfulness of his class; he can follow the tide of opportunity to riches, and this book will tell him how.

No one is kept in poverty by a shortness in the supply of riches; there is more than enough for all. A palace as large as the capitol at Washington might be built for every family on earth from the building material in the United States alone; and under intensive cultivation, this country would produce wool, cotton, linen, and silk enough to cloth each person in the world finer than Solomon was arrayed in all his glory; together with food enough to feed them all luxuriously.

This was actually true back in 1910 and to a great extent, it is still true. It is amazing how much wilderness lies quite near areas that are supposedly heavily populated. Likewise areas are being depopulated and over time, nature actually recaptures the land and obliterates any abandoned structures.

The visible supply is practically inexhaustible; and the invisible supply really IS inexhaustible. Everything you see on earth is made from one original substance, out of which all things proceed.

The emphasized is of a course the nod to his New Thought.

New Forms are constantly being made, and older ones are dissolving; but all are shapes assumed by One Thing. There is no limit to the supply of Formless Stuff, or Original Substance. The universe is made out of it; but it was not all used in making the universe. The spaces in, through, and between the forms of the visible universe are permeated and filled with the Original Substance; with the formless Stuff; with the raw material of all things. Ten thousand times as much as has been made might still be made, and even then we should not have exhausted the supply of universal raw material. No man, therefore, is poor because nature is poor, or because there is not enough to go around.

However one accepts the foregoing, the emphasized is something we agree with.

Nature is an inexhaustible storehouse of riches; the supply will never run short. Original Substance is alive with creative energy, and is constantly producing more forms. When the supply of building material is exhausted, more will be produced; when the soil is exhausted so that food stuffs and materials for clothing will no longer grow upon it, it will be renewed or more soil will be made. When all the gold and silver has been dug from the earth, if man is still in such a stage of social development that he needs gold and silver, more will be produced from the Formless. The Formless Stuff responds to the needs of man; it will not let him be without any good thing. This is true of man collectively; the race as a whole is always abundantly rich, and if individuals are poor, it is because they do not follow the Certain Way of doing things which makes the individual man rich.

The Formless Stuff is intelligent; it is stuff which thinks. It is alive, and is always impelled toward more life. It is the natural and inherent impulse of life to seek to live more; it is the nature of intelligence to enlarge itself, and of consciousness to seek to extend its boundaries and find fuller expression. The universe of forms has been made by Formless Living Substance, throwing itself into form in order to express itself more fully.

The universe is a great Living Presence, always moving inherently toward more life and fuller functioning. Nature is formed for the advancement of life; its impelling motive is the increase of life. For this cause, everything which can possibly minister to life is bountifully provided; there can be no lack unless God is to contradict himself and nullify his own works. You are not kept poor by lack in the supply of riches; it is a fact which I shall demonstrate a little farther on that even the resources of the Formless Supply are at the command of the man or woman will act and think in a Certain Way.

So you see, whether you accept all the implied metaphysical arguments supporting this or not doesn't matter. He's telling you that it all boils down to ACTION and doing things in a Certain Way, which he is about to start explaining.

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