3 Lies We Keep Believing About Money

1.Having Money, wealth or being rich is Bad (Or Evil)


Money – being the physical good- isn’t good or bad. It is just a piece of paper or metal. It is the character of the individual holding it that determines the outcome of its impact. I heard someone once say money is like a microscope, it reveals the Character DNA of the person who has it.

Do people with weak character, no purpose and self esteem issues blow it, waste it and destroy their lives? Yes. It is not the money that caused this to happen – it was their ego running unchecked.

Do people with great character use it to change the lives of others around the world in big, meaningful ways? Yes.


2.Money corupts


Money, again, isn’t the corrupting agent. Think of how rust works. Iron and oxygen won’t form rust unless water is present. You have to have a corruptible character to be corrupted. What we see play out in the world of politics – for example – is individuals with weak character being exposed in high places. They would have been exposed in low places too.

The second most common lie in this concept is that people with wealth or great income must be responsible since they earned the money. NOPE. A lot of people have gifts that lend them to great financial gain but aren’t responsible whatsoever. How many professional athletes completely blow it? We think “wow they have money and still can’t get their act together?”. They found themselves in wealth and we expect that sound judgement was part of that process – it definitely wasn’t.

At the age of 22 I found myself in the right place at the right time with the right set of skills. It wasn’t me – it was the timing of the economy, demand and opportunity. Growing up in a lower middle class family I had no concept of how to handle more money than what was needed to “get by”. All of the sudden I found myself in the middle of earning in a way I never knew possible and I completely blew it. Everyone was blowing it. Just burning money all over town. I was young and naive and had no depth to my character at that point and I was around a ton of people who, though being older, were no wiser than I was. My income was more than my character could handle.


3.Money can solve all our problems


During one of my more challenging seasons of life where we were completely broke, I developed this toxic thought process that was purely focused on “my ship coming in”. If I could only get more money, I’d be fine. If we only had more income, all our problems will be solved. When the money comes in, then we will be fine. This lie is especially harmful because it keeps you trapped in waiting – not in taking action. If money is the only solution, then that is what you should focus on, right? No, no, no. Plus like the rap lyric says “Mo’ Money, Mo’ Problems”.

Now, hear me out. Having money is not bad and it certainly does relieve stress, strain and get that monkey off our back. But it isn’t the magic bullet that will solve ALL our problems and shouldn’t be glorified as such.


Here is a big takeaway: WE KEEP BEING WARNED ABOUT MONEY. IT IS NOT ABOUT THE MONEY. IT IS ABOUT OUR CHARACTER. If we focus on building good character internally, positive products come out of that and when we find ourselves with resources (time, talent, treasure) we can then contribute those to the world in a unique way only we can. We will be prepared to handle money or any other resources accordingly and responsibly. Isn’t that what the world needs more of afterall? 

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