In simplest terms, the idea of the law of prosperity requires the adherent to think themselves rich. Whether the blessing is to emanate from the Christian deity or the universe, the philosophy behind the mindset is pretty much the same.
If you were to put it down in an equation, it may look something like this:
Sincere belief in a power waiting to bless abundantly + earnest actions displaying that belief = abundant blessings and fiscal prosperity
The prosperity gospel for those of the Christian background requires eager believers to understand that God wants to bless them. Since He is the maker of the universe, there is no blessing too big or too hard for Him to give. All that He requires is a sincere belief in Him and His blessing power.
As you can see from the definition, the writer has reduced the bible's teachings on prosperity into a formula, and I must say that there are preachers who have done exactly that (but Pastor Prince is not one of them). I am also against such teaching because it fails to show us the heart of God and is based on self-effort i.e. we must do something in order to get blessed or rich.
The term "Prosperity Gospel" itself betrays the bias of the person who slaps this label on a pastor's teaching on prosperity. The Gospel includes prosperity but prosperity itself is not the Gospel. The Gospel i.e. the Good News is this:
13 No one has ever gone to heaven and returned. But the Son of Man has come down from heaven. 14 And as Moses lifted up the bronze snake on a pole in the wilderness, so the Son of Man must be lifted up, 15 so that everyone who believes in him will have eternal life.John 3:13-18 (NLT)
16 “For God loved the world so much that he gave his one and only Son, so that everyone who believes in him will not perish but have eternal life. 17 God sent his Son into the world not to judge the world, but to save the world through him.18 “There is no judgment against anyone who believes in him. But anyone who does not believe in him has already been judged for not believing in God’s one and only Son.
The Gospel is about we being reconciled to the Heavenly Father through His Son, Jesus Christ. However, this Gospel also brings with it the fringe benefit of prosperity, and health, wholeness, peace, joy, etc for "He who did not spare His own Son, but delivered Him up for us all, how shall He not with Him also freely give us all things?" (Rom 8:32) It is unfair to simply accuse a pastor of preaching "The Prosperity Gospel" when prosperity is just a subject among many others which he preaches.
In my seven years of listening to Pastor Prince's sermons, I can say without any doubt that any subject which Pastor Prince preaches on ultimately leads to Jesus Christ and what He has accomplished on the Cross for us, even the subject of prosperity.
The writer of the above-mentioned article says "The prosperity gospel for those of the Christian background requires eager believers to understand that God wants to bless them. Since He is the maker of the universe, there is no blessing too big or too hard for Him to give", and she is right! We need to understand that God wants to FREELY bless us with ALL things WITH CHRIST (Rom 8:32). If God withholds financial prosperity from us, that means God values financial prosperity more than Jesus; if God withholds physical health from us, that means God values physical health more than Jesus. How can that be? Jesus is the greatest gift that God can give us, therefore "He who did not spare His own Son, but delivered Him up for us all, how shall He not with Him also freely give us all things?"
We now give our tithes and offering to the church because we know that God already gave us the greatest gift, His Son. We do not give in order to get back more in return from God but praise God for His grace that when we give, he gives us more in return because we can never outgive God. Jesus himself says in Luke 6:38, "Give, and you will receive. Your gift will return to you in full—pressed down, shaken together to make room for more, running over, and poured into your lap. The amount you give will determine the amount you get back." Would you accuse Jesus of preaching the "Prosperity Gospel?"
Notice that Jesus did NOT say, "Give IN ORDER to receive". Jesus said "Give, AND you will receive"; He just simply stated the cause and effect - when we give, we will receive. It's like this: when you jump into a swimming pool, you will get wet BUT you don't jump into a swimming pool in order to get wet. No, you jump into a swimming pool to swim or play water polo or soak in the water to keep cool but NOT in order to get wet.
We give, not in order to receive. We give to acknowledge and appreciate that whatever we have is all because of God's blessing - "But you shall [earnestly] remember the Lord your God, for it is He Who gives you power to get wealth, that He may establish His covenant which He swore to your fathers, as it is this day." (Deut 8:18).
Why do we give to the church? When we eat at a restaurant, isn't it normal for us to pay for the food and service? Paul says essentially the same thing in 1 Cor 9:7-14:
7 What soldier has to pay his own expenses? What farmer plants a vineyard and doesn’t have the right to eat some of its fruit? What shepherd cares for a flock of sheep and isn’t allowed to drink some of the milk? 8 Am I expressing merely a human opinion, or does the law say the same thing? 9 For the law of Moses says, “You must not muzzle an ox to keep it from eating as it treads out the grain.” Was God thinking only about oxen when he said this? 10 Wasn’t he actually speaking to us? Yes, it was written for us, so that the one who plows and the one who threshes the grain might both expect a share of the harvest.
11 Since we have planted spiritual seed among you, aren’t we entitled to a harvest of physical food and drink? 12 If you support others who preach to you, shouldn’t we have an even greater right to be supported? But we have never used this right. We would rather put up with anything than be an obstacle to the Good News about Christ.13 Don’t you realize that those who work in the temple get their meals from the offerings brought to the temple? And those who serve at the altar get a share of the sacrificial offerings. 14 In the same way, the Lord ordered that those who preach the Good News should be supported by those who benefit from it.
I understand that those who are against the "Prosperity Gospel" are concerned that followers of such "Prosperity Gospel" preachers are hoodwinked by the preachers into giving money to their "ministry" and enriching only the preachers themselves. I agree that those preachers who manipulate their followers by their preaching into giving IN ORDER to receive deserve to be exposed but we have to be careful not to taint all preachers who preach on the subject of prosperity with one broad stroke of the same brush.
Finally, it is important for us to remember that when we give to to the church, we are giving to God, not men, for Hebrews 7:8 says "Here mortal men receive tithes, but there he receives them, of whom it is witnessed that he lives." Ultimately, God will take care of the money we give to Him, and no preacher abusing God's money can hope to get away with it for long. There have been preachers past who got away with it for a while but in the end, they still had to pay a price for their misdeeds. Recent events in Singapore may yet confirm this once again.