The Root of All Evil?

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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. But thou, O man of God, flee these things; and follow after righteousness, godliness, faith, love, patience, meekness.
--1 Timothy 6:10,11

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To those knowledgable in biblical scripture (and I'm looking at you NotReady [img]/images/graemlins/grin.gif[/img] ) is the above translaton of "ALL evil" correct?

If it is, then isn't Jesus dismissing all sin that doesn't have to do with loving money?

And if it isn't, then how should it read?