It’s probably one of the most misquoted verses in the Bible.
(Some of you may have heard it preached in church)
“Money is the root of all evil.”
Even today it’s a tactic often used by people to try and condemn you for having prosperity or being financially successful.
Have you ever noticed that people who misquote that verse are usually NOT prosperous nor successful?
Let’s set the record straight with the actual verse from 1 Timothy 6 vs 10…and I quote: “For the love of money is the root of all evil:”
See the difference?
It says “For the Love of Money…”
Money alone doesn’t make you or anyone else evil. It simply amplifies what’s inside of you. And that amplification comes from the desire to have money or riches as a trophy or milestone of personal success.
This is one of the major flaws of how Wall Street speaks to the average investor.
“The point is ladies and gentlemen that greed, for lack of a better word, is good.” -Gordon Gekko- (from the movie “Wall Street”)
Unless you make your money like many of the Wall Street crooks, sharks, professionals, you are often looked down upon.
That kind of thinking is just plain messed up.
However, you don’t need to operate that way in order be a great investor. All it takes to get around that mentality is a minor change in your thinking process.
Here’s the secret in a nutshell: Stop making money your God.
Okay, right now you’re probably thinking, “Money’s not my God…How dare you say…
Our January newsletter “Simplifying Wall Street in Plain English” features an article “When money is your God, you’ll lose every time.”
See for yourself (HERE).