As students of Buddhism we have two goals. The first is the elimination of our suffering and the second is the accumulation of wisdom through the cultivation of renunciation, bodhicitta and the realisation of emptiness. Engaging in practices such as making offerings and reciting the Buddha’s name do carry their own merit—they are certainly virtuous actions—but they are not directly relevant in assisting us to accomplish these two primary goals. As for increasing our compassion and wisdom, to say that making offerings and so forth has no relevance is perhaps going a bit too far, but the approach that is going to be most directly relevant in helping with our genuine Buddhist practice is one that is founded on the study and contemplation of the dharma, and meditation.
Depicted from "Guide to the Four Preliminary Practices 2 - Part 25" April, 2015, Vancouver, Canada