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.