The Fourth Law of Money

Money is a nightmare—in jail, robbery, fears of poverty.

Avoid the Nightmare

Learn to Deal With Money (or Partner with Someone Who Can)

“I am not expressing a moral judgment. I am making very clear something that many people aren’t conscious of: among the people we punish, the people we have to take out of society, 80% or more are people who are unable to deal with money. Money is also a nightmare when looked at from the opposite perspective—from the point of view of people who have inherited a lot of money. The western dream is to have a lot of money, and then you can lead a life of leisure and happiness. Nothing in my experience could be further from the truth.”

From The Seven Laws of Money
by Michael Phillips and Sally Rasberry.

Learn to Accumulate Money (or Partner with Someone Who Can)

[A good example of money as a nightmare] “. . . might be people in jail who are living a nightmare because of their involvement with money. About ninety percent of all crimes are committed because of money . . . and about eighty percent of all people in jail are there because of money-related crimes. Eighty percent of all crimes consist of robbery, burglary, larceny, forgery, and auto theft. A few other things which push the percentage even higher are murders, especially family murders, which have to do with money, and assault and battery crimes in which theft is a motive. Money is a very significant reason for people to go to jail. Maybe one way of stating it is that their aspiration for money and their ability to accumulate it are radically different.”

From The Seven Laws of Money
by Michael Phillips and Sally Rasberry.