I am sure you have looked on in amazement and seen those who have being blessed with immense wealth and in a short space of time squandered it all away. The simple fact is that when lust for material possession has taken hold of the life, there is no end of spending and waste. Being satisfied with a simple life will guard you from waste and will help you use what you have resourcefully.
1 John2:15 Love not the world, neither the things [that are] in the world. If any man love the world, the love of the Father is not in him.
2:16 For all that [is] in the world, the lust of the flesh, and the lust of the eyes, and the pride of life, is not of the Father, but is of the world.
2:17 And the world passeth away, and the lust thereof: but he that doeth the will of God abideth for ever.
2 Peter1:2 Grace and peace be multiplied unto you through the knowledge of God, and of Jesus our Lord,
1:3 According as his divine power hath given unto us all things that [pertain] unto life and godliness, through the knowledge of him that hath called us to glory and virtue:
1:4 Whereby are given unto us exceeding great and precious promises: that by these ye might be partakers of the divine nature, having escaped the corruption that is in the world through lust.
1 Timothy6:6 But godliness with contentment is great gain.
6:7 For we brought nothing into [this] world, [and it is] certain we can carry nothing out.
6:8 And having food and raiment let us be therewith content.
6:9 But they that will be rich fall into temptation and a snare, and [into] many foolish and hurtful lusts, which drown men in destruction and perdition.
6:10 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.
What are the things in this life that men love that drowns them in destruction and perdiction?