The "Word of Faith" also known as the "Word-Faith" movement shares some common beliefs with Prosperity theology, but they are not one in the same. Basically Word-Faith presenters mislead people to beleive that they need to speak out loud what they desire and than God is obligated to bless them with whatever they are confessing out loud.
Popular word-faith presenter, Ken Copeland Ministries, has stated, 'the idea that God uses suffering for our benefit is considered to be "a deception of Satan." and "absolutely against the Word of God." Additionally, if someone is not experiencing prosperity, it is because they have given Satan authority over their lives. God is not able to do anything at all unless the person invites Him to.'[1]
This is so dangerous!! Someone thinks they are coming to the Lord through the word-faith movement. They don't get rich. Maybe they get sick. Are they inviting Satan into their lives? So a missionary in South America that is a dedicated man or woman of God, and they get killed trying to further the Gospel and fulfill the great commission wouldn't have died if they hadn't invited Satan into their lives!!
My take is that this is all about money for these types of ministries. They themselves are vehicles for the enemy to lead people astray, and to turn others away. Pray for those who are teachers and preachers of the Truth.
[1] excerpt from http://en.wikipedia.org/wiki/Word_of_Faith
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