According to Māyāvāda philosophy, this manifested world, or material world, is mithyā or māyā, false. The Māyāvādī preaching principle is brahma satyaṁ jagan mithyā: "Only the Brahman effulgence is true, and the cosmic manifestation is illusory, or false." But according to Vaiṣṇava philosophy, this cosmic manifestation is true because it is caused by the Supreme Personality of Godhead. In the Bhagavad-gītā the Lord says that He enters within this material world by one of His plenary portions and thus the creation takes place. From the Vedas also we can understand that this asat, or temporary cosmic manifestation, is an emanation from the supreme sat, or fact. From the Vedānta-sūtra also it is understood that everything has emanated from the Supreme Brahman. Therefore the Vaiṣṇavas do not take this cosmic manifestation to be false. Because the Supreme Personality of Godhead has entered this cosmic manifestation in the form of His plenary expansion and caused the creation, the Vaiṣṇava philosophers see everything in this material world in relationship with the Supreme Lord.
This conception of the material world is very nicely explained by Śrīla Rūpa Gosvāmī, who says that when persons renounce the material world as illusory or false without knowing that the material world is a manifestation of the Supreme Lord, their renunciation is of no value. The Vaiṣṇavas, however, are free of attachment to this world because although the material world is generally accepted as an object of sense gratification, the Vaiṣṇavas are not in favor of sense gratification and are therefore not attached to material activities. The Vaiṣṇava accepts this material world according to the regulative principles of the Vedic injunctions and works without attachment. Since the Supreme Personality of Godhead is the original cause of everything, the Vaiṣṇava sees everything in relationship with Kṛṣṇa, even in this material world. By such advanced knowledge, everything becomes spiritualized. In other words, everything in the material world is already spiritual, but due to our lack of knowledge we see things as material.
The personified Vedas presented the example that those seeking gold do not reject gold earrings, gold bangles or anything else made of gold simply because they are shaped differently from the original gold. All living entities are part and parcel of the Supreme Lord and are qualitatively one with Him, but they are now differently shaped in 8,400,000 species of life, just like many different ornaments manufactured from the same source of gold. As one who is interested in gold accepts all the differently shaped gold ornaments, so a Vaiṣṇava, knowing well that all living entities are of the same quality as the Supreme Personality of Godhead, accepts all living entities as eternal servants of God. A Vaiṣṇava, then, has ample opportunity to serve the Supreme Personality of Godhead simply by reclaiming these conditioned, misled living entities, training them in Kṛṣṇa consciousness and leading them back home, back to Godhead. The fact is that the minds of the living entities are now agitated by the three material qualities, and the living entities are therefore transmigrating, as if in dreams, from one body to another. When their consciousness is changed into Kṛṣṇa consciousness, however, they immediately fix Kṛṣṇa within their hearts, and thus their path toward liberation becomes clear.