In "Biblical Perspective" Larry Grile writes:

The desire and purpose to be rich is neither spiritual nor legitimate. The desire to have money and possessions exposes men to unexpected temptations and traps them in unwanted trials and adversities. The lure of riches will tempt men to violate conscience and compromise ethics. Part of the problem of desiring to be wealthy is that it creates endless possibilities and therefore breeds many other desires for all kinds of worthless and harmful things. Things that we do not need and things that we should not want begin to overwhelm our lives, saturate our minds, absorb our time, and drain our money. Finally, all these things converge to overwhelm the soul and sink men down into ruin and eternal damnation.

Source: Building Christian Relationships: Adult Teacher's Insights, page 29.