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Mammon: The Worst Species of Idol

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  • Nov 11, 2025

Andrew Carnegie rose to become among the world's richest individuals through his steel empire. In the midst of this acquisition of massive wealth at just thirty-three years old—Carnegie conducted a brutally honest self-examination during his early achievements and wrote himself a personal memo.

Man must have an idol—The amassing of wealth is one of the worst species of idolatry. No idol more debasing than the worship of money. Whatever I engage in I must push inordinately therefore should I be careful to choose the life which will be the most elevating in character.

To continue much longer overwhelmed by business cares and with most of my thoughts wholly upon the way to make more money in the shortest time, must degrade me beyond hope of permanent recovery. I will resign business at Thirty five, but during the ensuing two years, I wish to spend the afternoons in securing instruction, and in reading systematically.

Source Material from “Andrew Carnegie,” The Wise Art of Giving: Private Generosity and the Good Society (Maclean, Va: Trinity Forum, 1996), pp. 5-25.