For the love of money is the root of all evil
Edvenezear Hinautan
BSBA-FM 3
Financial Management
June 19, 2014
Reaction Paper: For the love of money is the root of all evil
A Bible quote from I Timothy 6:10, “For the love of money is the root of all evil” is argumentative; whether this is true or not, it all depends on individual views or insights. Some may argue that it is true, while some say that it is not true. I grew up hearing that money is the root of all evil, because I mostly studied in a Christian school or institution in my elementary and high school years and that’s what they mostly teaches students. For me, money is neither evil nor good. It is only what happens with money once it is in my hand that gives it qualities of either good or evil. Money can be many things, depending on how we relate to it. From the dictionary of business, it is defined as anything of value that serves as a generally accepted medium of financial exchange, legal tender for repayment of debt, standard of value, unit of accounting measure and means to save or store purchasing power. Based on what I have understood, money is the instrument of exchange. It helps in buying and selling and also in fixing on value on things or services. It may be in metal (coin) or in paper. We need to understand the difference between a physical currency that is the basis for our lives and a material desire that is driven by greed. It is a fact that money makes the world go round and this is how we bargain for food, shelter, education, travel and just about everything in life has a price. Money is the reward for our work that allows us to join the good things in life. It is the foundation for social organizations, donation to churches or other infrastructure, charitable organization, also this is what we give to the government by means of tax to function or to use within our communities. From my point of view, money is not the evil. It is just the source of our survival. The money is said to be the root of evil because man have
BSBA-FM 3
Financial Management
June 19, 2014
Reaction Paper: For the love of money is the root of all evil
A Bible quote from I Timothy 6:10, “For the love of money is the root of all evil” is argumentative; whether this is true or not, it all depends on individual views or insights. Some may argue that it is true, while some say that it is not true. I grew up hearing that money is the root of all evil, because I mostly studied in a Christian school or institution in my elementary and high school years and that’s what they mostly teaches students. For me, money is neither evil nor good. It is only what happens with money once it is in my hand that gives it qualities of either good or evil. Money can be many things, depending on how we relate to it. From the dictionary of business, it is defined as anything of value that serves as a generally accepted medium of financial exchange, legal tender for repayment of debt, standard of value, unit of accounting measure and means to save or store purchasing power. Based on what I have understood, money is the instrument of exchange. It helps in buying and selling and also in fixing on value on things or services. It may be in metal (coin) or in paper. We need to understand the difference between a physical currency that is the basis for our lives and a material desire that is driven by greed. It is a fact that money makes the world go round and this is how we bargain for food, shelter, education, travel and just about everything in life has a price. Money is the reward for our work that allows us to join the good things in life. It is the foundation for social organizations, donation to churches or other infrastructure, charitable organization, also this is what we give to the government by means of tax to function or to use within our communities. From my point of view, money is not the evil. It is just the source of our survival. The money is said to be the root of evil because man have