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Overcoming The Fear of Money


Andrew Lawrence

Many people, it seems, have a fear of money.  Does the thought of having a lot of money make you uncomfortable?  Cause you anxiety?  If so, it may be that you are buying into the myths about money. Myths that are simply untrue.  In fact, many of the most common statements about money are often misquoted, wrong, or were made by people who did not understand money ... or had none. 

Let's look at a few of the myths about money ...

"Money is the root of all evil"
Everybody has heard this one. Unfortunately, it's one of the most famous misquotes of all time. The original quote comes from the New Testament and the correct quote is "the LOVE of money is the root of all evil". The love of money is an obsession and thus the true quote warns of the potential corruption that can derive from a love of, or obsession with, money (or any unhealthy preoccupation).. The fact is that money itself is neither good nor evil. It is neutral. Money can be used for good or it can be used for bad. How it is used is a choice, and the choice of how to use money is in the hands of he (or she) who controls it.

"Money is Power" (and Power corrupts)
Money itself has no real power. For instance, if you were legally given 10 million after-tax dollars in cash, put it in a safe deposit box, never touched it and never told anyone you had it you would have no more power than you do right now. The power of money comes from the use (or misuse) of it or the perceived benefit or threat by others. The money itself does not generate any power; it has to be converted into power. And whether or not you wish to convert money into power is a choice. And if one decides to convert money into power that power may be used for good or for evil, depending on the character of the person with the money.

"Money will change your life"
Let's hope so! Used wisely, money can greatly ease many of life's burdens and greatly enhance one's life. Or, if you have a weak character, choose to live in fear and worry, you can let money make you miserable. It's not the money, it's YOU. The important thing to realize is that you get to control the money, it doesn't get to control you. Want proof? Here's how much actual control you have over your money - in the extreme, you can always give all the money away - and be rid of it. Just like that. You can give it all to charity, you can throw it out the window, you can walk down the street and hand it out. You can burn it all. It's yours and you can do whatever you want with it, including give it away. Gone. You can make it all disappear if you choose to do so. That may be a stupid choice but that choice is always yours. That's the ultimate power you have over your money and it rests in your hands. Money doesn't ruin or change your life or change you or take control over your life. Unless you let it. And since you have the ultimate power to get rid of it why would you let it ruin your life?

"Money can't buy you happiness"
This is true - if you are not happy to begin with. However, if you reasonably well-grounded, have a good value system and a little control over yourself money won’t hurt you either. Contrary to popular wisdom, money and happiness are not mutually exclusive. In fact, money can greatly enhance the security, independence and well being of your life, your family's life and the lives of people you care about. Money can't buy you happiness but happiness can't buy you money!

To sum it up, the fear of money is often based on misconceptions. The truth is that money itself is simply an inanimate thing, doesn't know or care who does what with it, has no moral or ethical value and is a necessary commodity to have in the civilized world. Money, in the hands of whoever has it, has the capacity for great good or great evil, depending on who is doing the spending. It is not money that should be judged but the character and actions of the person (or entity) who uses it.

Money is nothing to fear.

Andrew Lawrence is a former Wall St money market professional who understands money. He is the founder of the Life Purpose Society which helps individuals find their true calling in life, through its website at

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copyright 2004 Andrew Lawrence. May be reprinted online free provided that article appears in its entirety. contact