While growing up, there were probably a few proverbs you heard your parents use from time to time. Now that you are a grown up, most likely you still use them when you share your experience with others. One of the most popular proverbs that a lot of us use is, “Money is the root of all evil.” You might have heard this one so much that it ended up being hard-wired to your brain, and you never bothered to question its validity. After all, as the saying goes, “If you tell a lie big enough and keep repeating it, people will eventually come to believe it.”

The important question to ask is, is this statement valid?

In your attempt to find a plausible answer, you probably heard a popular counter-argument, “the lack of money is the root of all evil.” While this might sound valid to some extent, it raises another important question, so what causes lack of money?

Yes! You guessed right, it is IGNORANCE!

Your perception of money affects your decision-making ability and actions toward it. And your perception heavily depends on your knowledge about money or, in this case, your ignorance about the subject matter. This includes lack of knowledge about what money is, how it should be used, how it should be saved, how it can be earned, how it should be invested, etc.

Let’s hold a magnifying glass a bit closer:

Why Money Is Not The Root Of All Evil

At the heart of this argument is the belief that having money pushes people to change negatively. They become too prideful, have less empathy and sympathy towards others, they trample on people, and do other immoral things.

“Money doesn’t change men, it merely unmasks them. If a man is naturally selfish or arrogant or greedy, the money brings that out, that’s all.” – Henry Ford

What if money only helped to unmask people and unveil their true nature? What if money only helped to heighten people’s values as well as their vices? What if some of the people who lack money only act nice, humble and compassionate as a deceptive transactional means to obtain favours from other people? Money is not the problem here!

The Antidote To Financial Ignorance

The importance of changing your mindset about money cannot be overemphasized. Generations of people who are taught to believe that money is the root of all evil result in them making conscious and subconscious (in most cases) decisions that will keep them poor. Generations of “hard workers” who remain in a stagnant position.

Money is a basic necessity that allows you to take care of yourself and your loved ones. It also allows you to pay bills, gain access to quality education, help those who are in need, and share your experience in a way that can inspire other people to change their perception of money. So what is the antidote to financial ignorance?

Financial Education.

Financial education is the cure for financial ignorance. It will help you acquire knowledge and gain insight into what money is, how you can earn it and multiply it. It will help you to make informed decisions, be prepared for financial roadblocks and avoid personal economic distress. It is never too late to start your financial education.

Sadly, you might not be able to count on the conventional curriculum at school to gain this insight. You might need to consider it as one of your self-development courses. You can learn from people who are experienced in wealth creation when you share your experience with them, and you can learn through books or financial seminars. Financial education will certainly cost you time and money, but rest assured that you will pay a higher price through ignorance. Be committed to the process, be ready to learn and unlearn, and it will definitely yield fruits in due time.

In and of itself money is nothing but a tool. Your perception of it and attitude toward it, eventually determines whether you use it for good or evil. You are and have always been in control.

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