1 Timothy 6:9 Those who want to get rich fall into temptation and a trap and into many foolish and harmful desires that plunge people into ruin and destruction.
It is not the act of having a lot of money that will cause as many problems as the act of wanting to have so much money. We need to be happy with what God allows into our lives rather than running after things which we don’t actually need.
God will allow us to have what we actually need, but it is the desire to get more that drive us over the edge. That lust for money and other things will make us do some pretty stupid things in order to get our own way causing problems as we go along.
If we get trapped into that way of life we will never be able to focus on God because our focus will always be on things instead.