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What is Wealth Consciousness?

By Vicki Watson
Updated May 16, 2024
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Finances are an important aspect of every person’s life. Each person has his or her own ideas about money. The theory of wealth consciousness holds that an individual’s definition or philosophy of wealth affects his or her personal, financial reality. The idea of wealth consciousness is related to the popular "law of attraction" theory.

Some self-help experts connect wealth consciousness with the idea of “sowing and reaping,” or getting what is planted. The theory holds that the mindset held by a person either draws or repels wealth. For example, the theory purports that a person who holds the belief that he or she will never get ahead financially will never be able to create wealth, despite the fact that he or she makes aggressive efforts toward the goal of becoming wealthy. Wealth consciousness gurus hold that manifesting wealth requires the proper mindset toward prosperity, and people with a negative mindset toward riches are unconsciously pushing wealth away.

Proponents of wealth consciousness teach that many people do not understand that true prosperity does not necessarily mean being in possession of money at the time. For instance, people with considerable money in the bank may incessantly worry about losing his or her assets, creating a negative wealth consciousness. Authorities on this principle claim that a person with this belief is living as an emotional pauper and is not truly wealthy, despite the figure reflected in his or her bank statement; he or she also may very well lose their money because of this negative wealth consciousness. In this belief, expectations about personal financial assets eventually determine an individual’s actual bottom line.

Some individuals struggle with having a positive wealth consciousness because of past experiences. For instance, a person who was taught in youth that only greedy people possess money may have a negative association with wealth and be unconsciously repelling money. Other people who feel unworthy of possessing riches may be unconsciously sabotaging efforts to gain financial security as well.

Awareness of a negative wealth consciousness begins with self-analysis to determine the source of the issue. Once this information is acquired, participants then must develop a plan to change the negative beliefs into positive wealth consciousness values. This plan targets the specific issues causing the roadblock to success and allows a person to move past the problem toward his or her financial goals.

To acquire a more helpful wealth consciousness, some people utilize tools such as positive affirmations, which are phrases repeated throughout each day to counteract any negative thoughts. For instance, a person with a false and limiting belief that having money means he or she is selfish may repeat the phrase “Having more money means I have more to share” as a replacement for the negative belief. Wealth consciousness students believe that such activities eventually result in the individual attracting wealth and success.

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Discussion Comments
By bear78 — On Nov 11, 2014

I think the key to wealth consciousness is to understand that wealth is a fluid thing. It comes and goes, it increases and decreases and that's absolutely fine. If we become content of what we have regardless of these changes, now that is true wealth in my opinion. Actually, the greatest wealth of all is health, not money or property.

By stoneMason — On Nov 10, 2014

@burcinc-- I think this is precisely what the article was talking about. If one has the mindset that one is not wealthy or will never be, it will become a self-fulfilling prophecy. If we want to change things in our life, we have to believe. We have to have faith that it will work out and never lose trust in ourselves. Otherwise, we will be setting ourselves up for failure. Regardless of what people express verbally, our subconscious thoughts have a much greater influence on us than we realize.

I actually don't think that religion and wealth consciousness are incompatible. Why can't you think of it this way, God might want to change your destiny and increase your wealth. That's why he makes the thought occur in the first place. There is a wonderful saying, that if God didn't intend on accepting prayers, he wouldn't have allowed you to pray in the first place. I don't see anything wrong with praying for wealth and believing that it will happen. I do this and I know it will come true. Nothing is impossible with God.

By burcinc — On Nov 10, 2014

There are many different ways of thinking about wealth. And one's ideology, worldview, education, culture and religion has a lot to do with it.

For example, in my religion, we believe that someone's income or wealth is predetermined by God and it usually cannot be changed. Along with life expectancy and gender, wealth is also something that God decides before one is even born. There are exceptions where this can change, but for the most part it doesn't. So most people can expect to have the same level of income or same standard of living for most of their life.

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