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The 6 Myths About Money: It’s Not the Root of All Evil

Many of us have been taught to believe that money is the root of all evil. We’re not supposed to talk about it. Most of us don’t get any training at school or at home about how to handle it, how to invest it, how to earn it, or how to ask for it.

These 6 myths about money offer some practical advice about how you can turn a lifetime of conditioning about money into expecting more of it.

Myth 1: Money is the root of all evil.

The full saying goes “The love of money is the root of all evil”, so if you want to have a lot of it, you can’t be a good and loving person.

Wanting money just for the sake of having it can make you greedy, but if you have a healthy desire to live better through having more money, there’s nothing to be ashamed of as long as you’ve earned it.

Myth 2: You don’t need to be passionate.

Let’s face it, if you don’t love what you’re doing, you won’t give it everything you’ve got. Whatever you’re doing, do it because you’re passionate about it and the money will come.

Myth 3: You shouldn’t make too much profit.

You’re in business to make a profit. After your basic needs, making money isn’t just about being able to buy things. It’s not about hoarding piles of the stuff under your mattress. It’s about putting into your hands a tool that you can use for good. Use it to change your world and the lives of others.

Myth 4: You just don’t need money because you love what you do.

Don’t believe the lie that you “just don’t need to make a lot money because you love what you do.” Even if that were true, you need to pay the bills. Don’t undervalue what you have to offer. This is the most valuable skill you have to give to the world. Your time, your energy, and your talent all count for something.

Myth 5: It’s not okay to talk about money.

You’ve probably been taught that it’s impolite to talk about money or earnings. But not talking about it will keep you ignorant. Get smart. Learn what the competitive rates are for your product or service and understand the amount you could be earning.

  • Talk to your mentor or to someone in your field.
  • Learn about how to invest.

Your goal is not to brag about how much money you’re making or to be nosey about someone else’s money. It’s to educate yourself by having open discussions.

Myth 6: My product is just too expensive.

This is the big lie: “My product is too expensive. People just can’t afford my service.”

You need to find a way to make an emotional connection for your customer. If they really want what you have, they’ll find a way to pay for it. They’ll save, charge, work extra hours, and do whatever they need to in order to get it, but only if they can connect it to value for their lives.

  • You have a unique insight into what you do. Set yourself apart by using that uniqueness, whether it’s in your design, your method, or your purpose.
  • If you differentiate yourself from the competition, you can charge more for your service. At the very least, you won’t feel guilty about accepting money from your clients.
  • Ask yourself, “What’s holding me back from believing my service could command the price I’m asking?”

This all goes back to what you believe about yourself and your abilities. It all goes back to your most focused thoughts and intentions for your life. It’s what you believe that makes you who you are.

Money is just a tool to make our lives better. If you keep in mind that those who have it are no better or more deserving than you are, you can begin to recognize that you can have it, too.

That doesn’t mean it’s going to fall into your lap. You’ll need to work for it. But not being afraid of it, starting off with a positive image of money and your potential to earn it, will go a long way to getting you there.

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