Believing in manifestation, a popular trend in which it is believed that positive thoughts can attract success, does not always lead to good results. A recent study in the Personality and Social Psychology Bulletin suggests that people who believe in protesting are more likely to face bankruptcy.
Additionally, researchers at the University of Queensland in Australia found that people who believe in daydreaming are more likely to fall victim to risky investments and tend to overestimate their ability to achieve quick, unrealistic success.
“In our studies, we define manifestation as the belief that if you send your desires out to the universe through positive thinking, visualization, or acting as if the goals have already come true, such as writing a fake check to yourself, the universe will will deliver what you want”, study lead author Lucas Dixon told The Times UK.
Researchers studied 375 people’s beliefs about the demonstration.
They asked participants to rate statements as “I attract success with the help of the universe”, “My soul or higher self helps my success”, and “The universe sends people and events to help me achieve success” on a seven-point scale.
For every point higher on the scale, people were 40% more likely to have faced bankruptcy and 30% more likely to have invested in cryptocurrencies. However, they were less likely to have invested in stocks.
Lucas Dixon, author of the study, explained that those who believe in the manifestation can focus on getting rich quick, especially in cryptocurrencies and their potential for quick profits.
Focusing on symbolic actions, such as visualizing success, can divert attention from effectively managing finances.
Dixon noted that believers in manifestation tend to feel like they have control over uncontrollable aspects of life, potentially leading to the misallocation of time toward unmanageable long-term goals instead of manageable short-term ones.
Some findings, such as the relationship between belief in manifestation and bankruptcy or the desire for quick wealth, surprised the researchers. Dixon suggested that people might develop more confidence in rallying after experiencing get-rich-quick schemes or bankruptcies.
In particular, one in three participants expressed doubts about the demonstration, possibly due to the influence of social media influencers or books like “The Secret” and “Think and Grow Rich.” For example, the hashtag #protest on TikTok has 43 billion views.
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Dixon concluded that protesters often show excess optimism and tend to believe in their future success, sometimes underestimating signs of business fragility, such as debt accumulation. While focusing on positivity can increase resilience, it can also lead to ignoring critical signs of financial instability.
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Source: vtt.edu.vn