Technically, it's: For the love of money is a root of all kinds of evil.
I've seen this said a couple of times now. It's a popular phrase, so I was curious and looked it up.
Greek: rhiza gar panton ton kakon estin (3SPAI) e philarguria, en tines oregomenoi (PMPMPN) apeplanethesan (2PAPI) apo tes pisteos kai heautous periepeiran (3PAAI) odunais pollais.
Amplified:
For the love of money is a root of all evils; it is through this craving that some have been led astray and have wandered from the faith and pierced themselves through with many acute [mental] pangs. (Amplified Bible - Lockman)
ESV:
For the love of money is a root of all kinds of evils. It is through this craving that some have wandered away from the faith and pierced themselves with many pangs.
KJV:
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.
Moffatt:
For love of money is the root of all mischief; it is by aspiring to be rich that certain individuals have gone astray from the faith and found themselves pierced with many a pang of remorse.
NET:
For the love of money is the root of all evils. Some people in reaching for it have strayed from the faith and stabbed themselves with many pains.
NLT:
For the love of money is the root of all kinds of evil. And some people, craving money, have wandered from the true faith and pierced themselves with many sorrows (NLT - Tyndale House)
Phillips:
For loving money leads to all kinds of evil, and some men in the struggle to be rich have lost their faith and caused themselves untold agonies of mind. (Phillips: Touchstone)
TLB:
For the love of money is the first step toward all kinds of sin. Some people have even turned away from God because of their love for it, and as a result have pierced themselves with many sorrows.
Weymouth:
For from love of money all sorts of evils arise; and some have so hankered after money as to be led astray from the faith and be pierced through with countless sorrows.
Wuest:
for a root of all the evils is the fondness for money, which certain ones, bending their every effort to grasp, have been led astray from the Faith and have pierced themselves through with many consuming griefs. (Eerdmans)
Young's Literal:
for a root of all the evils is the love of money, which certain longing for did go astray from the faith, and themselves did pierce through with many sorrows
So I come to the conclusion that there is still some debate on the matter, and it strikes me as a little pretentious to correct people on the matter.