Chapter 7: Money Is Evil
1. The
first lesson we absolutely must learn is that money itself is not evil. It is
simply a tool, just as a pencil is a tool. The thing that makes the differences
isn’t the object, but the motives of the person handling the money.
2. The
real serious side effects of neglecting the subject of money in our school
seldom appear until nearly 20 years following graduation. That’s when most
adults begin to notice that their careers are plateauing and the dreams they
once had are not coming to fruition. The tension, disappointment and
desperation continue to build up as the person nears retirement. For many
people, retirement will be a nightmare, not a dream – because they simply never
learned the basic principles of money.
3. There
are four possible explanations that money aren’t taught in school:
a. If
everyone knew the principles of money, education would be forced to let go of
its biggest lie.
b. If
people know the principles of money, schools could no longer use fear tactics
to motivate students to study and memorize irrelevant, boring subjects.
c. Businesses
of the world would lose their cheap labor if everyone understood money.
d. The
educational system honestly does not know about the principles of money.
4. Up
till now, education about money has been left up to the individual. The only
people I see taking the time to educate the public about credit, credit cards
and savings are banks and other financial institutions. But when we look at the
track records of these institutions, it becomes quite obvious that these
“teachers” have a lot to learn themselves, before they start advising other
people. To let bankers educate the masses about credit is a little like having
the fox protects the hen house.
5. Money
is not evil, however – poverty is the real root of all evil. In other words,
ignorance about money is the real evil we must fight, not money itself.
No comments:
Post a Comment