I 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.
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.