Are you familiar with the concept of manifestation? Well, there’s a recent study that suggests people who manifest big dreams might be more likely to have a negative impact on their finances!
The Downside of Dreaming Big: What Happens To People Who Manifest?
In a recent study conducted by researchers from the University of Queensland in Australia, it was discovered that individuals who adhere to the practice of manifesting their desires are at a higher risk of experiencing bankruptcy.
The study, published in the Personality and Social Psychology Bulletin, sheds light on the potential downsides of the popular trend of manifestation.
Manifestation is the belief that one can attract success by sending out positive thoughts, visualizations, or by acting as if their goals have already been achieved. The study involved surveying 375 participants, who were asked to rate their agreement with statements related to manifestation beliefs.
The findings revealed that for each point increase on the manifestation belief scale, individuals were 40% more likely to have faced bankruptcy and 30% more likely to have invested in cryptocurrencies. Interestingly, they were less likely to have invested in traditional stocks.
According to lead study author Lucas Dixon, this could be attributed to the stronger belief in getting rich quickly among manifesters, particularly in the context of cryptocurrency’s historical rapid gains.
Manifestation beliefs seemed to make individuals feel they had more control over aspects of their lives, even those that are typically uncontrollable, such as achieving rapid wealth or fame.
In business, this inclination could lead to an opportunity cost as individuals may focus more on long-term, uncontrollable goals rather than practical, short-term objectives.
Dixon noted that some of the study’s results were surprising, such as the association between manifestation belief and bankruptcy. It remains unclear whether people adopt stronger manifestation beliefs after experiencing financial setbacks or if these beliefs lead to such outcomes.
The study also highlighted the widespread belief in manifestation, with one in three participants expressing some level of doubt.
The increasing popularity of books like “The Secret” and “Think and Grow Rich,” as well as the influence of social media, particularly TikTok, may contribute to the prevalence of manifestation beliefs.
Manifesters tend to be overly optimistic, believing in their future success and shorter timeframes for achieving it. While focusing on positive aspects of life can boost resilience and well-being, it may also lead to a neglect of critical signs of financial vulnerability, such as mounting debt, according to Dixon.
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