Many people have a perverted understanding of what the Bible teaches about money. Often verses like the one above are taken that God only really loves the poor, and that there is some sort of holiness in being poor. Nothing could be further from the truth. Mammon in the Aramaic should be translated as riches. When the Bible cautions against money it talks about "riches". In truth it presents two extremes that should be avoided - being a slave to money, or being a slave to riches. The two extremes are one of extreme poverty and the other an extreme of extreme GREED. Both have the potential to destroy the Christian.
Some people seem to think there is something noble and pure in being poor. Being deep in debt, struggling to pay bills, failing to support your family is not honorable nor does it honor God. If your thoughts are always on how to pay the next bill then who are you serving? You are a slave to the lack of money. Instead of having the freedom to do God's work, you are enslaved to money as it controls your life. You are as much a slave to mammon as is the super wealthy - because its lack dominates your life. Ecclesiastes 10:19 "A feast is made for laughter, and wine makes merry, but money answers everything." God knows that humans have an economy. In fact he takes responsibility for allows Kings and others to be in charge. Likewise He is well aware of the power money can have in our lives. For good or bad. Living on any end of the money extreme risks your relationship with God.
For those who are truly mega-wealthy - having that much money carries huge risks for the God fearing person. The rich young ruler couldn't put God before his money, and hence Jesus said it is harder for a rich man to get in to heaven than an camel to go through the eye of the needle. Many people leave the passage here and say - see rich people are unsaveable. But verse 26 goes on - "with men this is impossible, but with God all things are possible" God can save even the mega-wealthy. 1 Timothy 6:10 highlights that money in and of itself is not evil but "the LOVE of money is a root of all kinds of evil." Money is not evil. It is a tool and can be a powerful tool for God's church. But the love of money or GREED is a sin and is something the Christian should be aware of. Timothy goes on to say - "command those who are rich in this present age not to be haughty, nor to trust in uncertain riches, but in the living God... Let them do good." God expects there to be rich people in the church. But their money doesn't make them better than anyone else and they should be using it to "do good".
Remember money and wealth lasts only for this present age - millions of dollars mean nothing in the next world - in God's eternal kingdom. Having money brings freedom - the freedom of time, the freedom of choice, freedom to help others - thats why you should achieve wealth. If your poor you are a slave to money and don't have the freedom of choice, you don't have the spare time and resources to honor God, being poor limits you. Money should be your servant, not the other way around.
Who are you currently serving?