money health weekly


Is Money "Bad"?


"The love of money is the root of all evil."

-Bible; Timothy 6:10


"It is easier for a camel to go through the eye of a needle than for a rich man to enter Heaven."

-Bible, Matthew 19:24


"That was the best show I've seen." This is what I thought to myself as I'm watching Jesse Pinkman escape from slavery as Walter White dies in a meth lab that he influenced as the cops close in on the scene.

For many, Breaking Bad is somewhat of a case-in-point example people love to use to "prove" that money corrupts. Dopey high school chemistry teacher starts making a lot of money and turns into an egotistical maniac. If not for the money, he would still be a good man.

Perhaps you haven't seen Breaking Bad (sorry for the spoiler!). Maybe you remember stories about employees at Enron manipulating energy prices in order to earn larger bonuses and make more money. Or how the executives would talk to employees about the optimistic outlook for the future so they would want to buy more company stock, while simultaneously unloaded their own shares.

If you don't know about Enron, surely you remember how financier Bernie Madoff created and ran a giant Ponzi scheme, collecting hefty fees from clients in the process.

There's a good chance you've seen (or at least heard about) children of the wealthy, who often get television shows, who act like snobby, disconnected morons. We hate those people, and those people have money simply because they were born to wealthy parents, and we see how these wealthy people raise kids.

Many believers in big government want an expansive social safety net for those who are less fortunate. When asked why private citizens couldn't privately donate money to charities and other organizations to help solve those same problems the answer is, "because rich people are too greedy to do that."

These stories and beliefs contribute to something called money avoidance, which is avoiding money because of the negative emotions associated with it.