The prosperity gospel is an unbiblical belief held by many who call themselves Christian. The main idea is that Jesus’ death secures health and wealth for all believers…that it’s God’s will that all people prosper in every way. The Bible is seen as a contract between God and humanity, and that security and prosperity are God’s response to our faith.
A major focus of those who teach this false gospel is that the words we use have the power to create or change reality itself. This underlies much of the prosperity gospel, sometimes called ‘name it and claim it.’ Those who teach this error are often known as Word of Faith teachers, many of whom are part of the New Apostolic Reformation.