Money is the root of all evil…
More is not better. Better is better. Money is the root of all evil, well, the way you use it might be a better way of saying such things. Money, in and of itself, is a tool. Using it correctly is the game.
Could you really take your car apart with a hammer and a pair of pliers? Probably not, but if you could, you’d never be able to put it back together that’s for sure, the parts would be ruined. Same with your company, money is not the root of all evil, you can use it however to ruin everything.
Borrowing money against perceived benefit can be the end of all good things. Perceived benefit means, “if I can sell two of these things for ten bucks, I could sell four of them for twenty, I’ll just borrow the money for the start up costs.” You see, making ten bucks on two things does not mean you can make twenty bucks on four. Costs of goods and services is a real number and people don’t think about that until after they have spent the money. Costing out things correctly might yield the statement, “I’ve reorganized my costs on two items and instead of making ten bucks, I’m now making 18 dollars.”
You see, “more is not better, better is better.”
Excess does not equate to excellence; it’s quality, not quantity, that truly matters. The adage ‘Money is the root of all evil‘ oversimplifies the truth. In essence, money is a neutral tool; its moral weight depends on how it’s utilized. Mastery lies in its wise application, not in its mere possession.
Business Turnaround Expert
Money is also a problem when deciding to pay others to do a job you are best suited for. For instance, paying someone to negotiate your debt is a dangerous game. Generally you are the best at negotiating your debt, you know what you can afford and what you can’t. You also are save an incredible amount of money by doing it yourself. Is that possible? Well, it is when you are taught what the law is regarding collection, and where you are exactly in your own business financials. Now that is a good investment of time, energy and money, allowing a good CFO to teach you, the CEO how to manage your affairs in these challenging areas.
Business Turnaround Specialist, Patrick Rettig The Rettig Corp, CEO
Terrible Sayings turned Myth – “Money is the root of all evil”
If Money is the root of all evil: what exactly should we do? Should we not make money? Should we give up money? Should we trade in apples and oranges or some other form of barter? What exactly is the root of all evil? Obviously, this line of questioning is stupid. So what then is the reason for such a sentence? I’ll tell you exactly.
In a biblical sense, “Money is the root of all evil” doesn’t exist. What it does say in reference to those words in 1 Timothy 6:10 of the King James Bible, “For the love of money is the root of all evil: which while some coveted after, they have erred from the faith, and pierced themselves through with many sorrows”.
When we are talking about corporate America, the biblical sense has been twisted and used by losers around the globe. Large and small corporations alike feed families that work each and every day. People that make a good living by work and sweat and saving are definitely not evil. It seems that the saying: “Slow down and smell the roses” is becoming increasingly popular among those individuals that don’t feel like getting out of bed in the morning.
I think a much better replacement for “Money is the root of all evil” would be another familiar phrase: “I owe, I owe, so off to work I go!” Very few people die on the job and many die in retirement. In my opinion “retirement” is a location that I truly want to avoid. I love life.
So in answer to the question, what is the root of all evil?
Answer: laziness, envy, deceit, lies and my favorite, indulgence.
If you’re busy making money, you don’t have a lot of time to think of such things. That’s good. Family first, good business first—never forget it.
Helping Companies Thrive: The Power of Patrick Rettig
