The Love of Money Is the Root of All Evil
1 Timothy 6:7–12
7 For we brought nothing into this world, and it is certain we can carry nothing out.
8 And having food and raiment let us be therewith content.
9 But they that will be rich fall into temptation and a snare, and into many foolish and hurtful lusts, which drown men in destruction and perdition.
10 For the love of money is the root of all evil: which while some coveted after, they have erred from the faith, and pierced themselves through with many sorrows.
11 But thou, O man of God, flee these things; and follow after righteousness, godliness, faith, love, patience, meekness.
12 Fight the good fight of faith, lay hold on eternal life, whereunto thou art also called, and hast professed a good profession before many witnesses.
Elder Robert D. Hales said:
“Our world is fraught with feelings of entitlement. Some of us feel embarrassed, ashamed, less worthwhile if our family does not have everything the neighbors have. As a result, we go into debt to buy things we can’t afford—and things we do not really need. Whenever we do this, we become poor temporally and spiritually. We give away some of our precious, priceless agency and put ourselves in self-imposed servitude. Money we could have used to care for ourselves and others must now be used to pay our debts. What remains is often only enough to meet our most basic physical needs. Living at the subsistence level, we become depressed, our self-worth is affected, and our relationships with family, friends, neighbors, and the Lord are weakened. We do not have the time, energy, or interest to seek spiritual things. . . .
“. . . When faced with the choice to buy, consume, or engage in worldly things and activities, we all need to learn to say to one another, ‘We can’t afford it, even though we want it!’ or ‘We can afford it, but we don’t need it—and we really don’t even want it!’ . . .
“Whenever we want to experience or possess something that will impact us and our resources, we may want to ask ourselves, ‘Is the benefit temporary, or will it have eternal value and significance?’ Truthfully answering these questions may help us avoid excessive debt and other addictive behavior.”
(“Becoming Provident Providers Temporally and Spiritually,” Ensign or Liahona, May 2009, 8–10.)