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The true “secret” to achieving wealth

By Randell Tiongson, Brighterlife.com.ph

Comments (4)

BL_wealthI received an email promoting a seminar that promised  something fantastic: that it can teach you to actually attract wealth. Apparently, it has already produced a number of millionaires, all of whom got rich in less than 21 days.

Amazing? Not really.

We are plagued by so many of these get-rich-quick, “law of attraction,” and “power of the mind” schemes and the sad part is that many are duped into thinking these, and these alone,  will actually work. Proof of this are the bestselling books, the sold-out seminars, and the packed conferences all over the world, all of which guarantee a short cut to achieving dreams and becoming wealthy. Here’s my question — if this is really true, there would not be any poverty in this earth anymore, wouldn’t there?

I’ve seen some people follow this thinking with cult-like behavior and it scares me. Some of them realize quickly that these things are ludicrous; unfortunately others stick to it for so long that by the time the realization sinks in, precious time has passed.

In my opinion, there are only 2 short-cuts to becoming wealthy: one is to inherit wealth, while the other is to marry wealth. The only other way to becoming truly rich is through hard work and discipline.

Can you really attract wealth? Having a positive state of mind has its warrants, definitely. But simply believing in this possibility alone is not enough because  you still need to work for it, change your lifestyle, get out of debt,  save, and invest properly. We all know the formula and yet many of us feel that there is a secret to it. To quote American author and speaker Dave Ramsey, “The secret to being rich is no secret.”

There are two dangers in simply relying on all the “law of attraction” thinking.

Firstly, you may be wasting precious time and money. Seminars and books cost money and some of them do not come cheap. I am all for education – just make sure that you get the right kind and not the type that will make you feel good but will only give you false hopes. Programs like these are also being used for sales opportunities like multi-level marketing so best to be  cautious.

Secondly, and more importantly, believing in these  schemes can damage your faith. I say this because it seems to me that the “law of attraction” thinking makes you believe that you have limitless power, that you are almighty and that the universe is the all-knowing deity. I find it quite deceiving and I am not comfortable with how it seems to lead one away from relying on God.

Be careful of what you read and listen to so you will not be misled into thinking there are short cuts to achieving wealth and accomplishing your dreams.  We are made to believe that to be a millionaire, one must think like a millionaire. Again, a positive mindset and a staunch determination will not hurt. But don’t stop at believing – act as well. Do what the millionaires do: work hard and be disciplined.

Image Credit

Randell Tiongson is a registered financial planner. With more than two decades of professional experience in financial service industry, he has been one of the most respected personal finance coaches in the country. Randell is a firm advocate of financial freedom and education especially to OFWs. Know more about Randell on his website.

Astrid El-khatib on

Great post sir Randell!

“For the time will come when people will not put up with sound doctrine. Instead, to suit their own desires, they will gather around them a great number of teachers to say what their itching ears want to hear. They will turn their ears away from the truth and turn aside to myths.” 2 Timothy 4:3-4

John Rey on

I think the author here is referring to john calub? Am I right? But anyway, I’ve seen his facebook ads plague my newsfood everyday if ever he had any seminars or upcoming events. I know already that this john calub had made himself rich by selling information – yup, getting rich by making himself a guru of getting rich and the law of attraction. His proclaiming himself as the financial guru in my view. But credits or title given to person is given out of respect because of his achievement. His formidable knowledge in building his business that’s why he achieved wealth. I also saw on youtube that he had a scratch book or the one he call it the dream book which serve as your inspiration but in realty let’s be real those are ideals and seldom achieved by normal citizens.. It has pictures of his dream cars, house, shoes, shirts, watches, you name. He has everything on it.

Now, I’m not against John Calub tactics of selling his seminar to a mere 300 pesos entry. If you value your information and you made this through experience you wouldn’t price it like that. However, attendees didn’t know that their is an up-sell during the event. I didn’t attend his event at all because I already knew that this event is to position his attendees mind, to create hype on the products (in whatever form maybe) he will sell that will surely attract wealth. Come on! This information can be found anywhere on the internet. You can read it freely and some are publicizing it for free, you just have to know where to look for it and authentic.

Chino Fernandez on

Thank you for writing this! The Secret by Rhonda Byrne is perhaps one of the greatest deceptions of our time. Imagine, in the book, Byrne asserts that the people who died in the 2004 Tsunami in Asia drew the tsunami to them by the use of their “negative thought waves.” That was such a ludicrous idea and victim-blaming thing that I dismissed it at once. Along with that “thought waves influence reality thing” and “you are God,” which are not new but still wrong. I can’t believe people still fall for this. And yes, it’s being taught in network marketing seminars.

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