The summary of Vaisnava philosophy is as follows:
God is a person like us, but He is all-powerful with all opulences in full. The living entities are His eternal servants. There are varieties of living entities that have inherited the opulences of God in different degrees. There are two kinds of nature, the spiritual nature and the material nature. The living entities belong to the spiritual nature and being part and parcel of God they have all the qualities of God in minute proportion. There are innumerable living entities both in the spiritual world and in the material world. The spiritual world is far, far greater than the material world. As such, the number of living entities living in the spiritual world is many more times greater than the number of living entities living within the material world. The living entities, when they try to lord it over the God’s property, forgetting their constitutional position to remain as eternal servant of God, they are given the material world to act according to their desires. In such endless varieties of desires the living entities are seen in varieties of bodies beginning from Brahma, down to the most insignificant insect. In this way, when someone is fortunate, he, by the grace of Spiritual Master and Krsna, revives his Krsna Consciousness. And if he makes progress under the direction of the Spiritual Master, then he revives his original Krsna Consciousness in full and thus he regains his position in the eternal Kingdom of God.
From Srila Prabhupada’s letter to Umapati — Los Angeles, 30 March, 1970