There are 3 major sins of wealth. They are greed, hoarding and covetousness.
Greed is a strong and selfish desire to have more of something. Usually this is in the form of money or power. As a Christian, we are warned about storing up riches in this world. We also know that everything temporary, including money, will be destroyed some day. Greed traps people and brings ruin and destruction. They feel they can never have enough money.
Hoarding seems to be linked with anxiety or with some type of loss. People have a chronic desire to acquire large amounts of things and have an inability to discard them.
Covetousness is described as when you want something that belongs or belonged to someone else.
All three of the sins above are forbidden if you want to enter the kingdom of heaven. That’s not something I made up, it’s in the Bible.
So why do people do it? Possibly selfish reasons. You can’t be a selfish person and a Christian. It’s not in the rule book (Bible).
“Give to the needy and the poor,” Jesus said.
Rich or poor, we all have the same responsibility. We must keep our priorities straight. We must commit our work to the Lord. We must be good and faithful servants.
It also says in Matthew 19:24, “that it is easier for a camel to go through the eye of a needle than for someone who is rich to enter the kingdom of God.”
Understand that whatever you have belongs to God.
1 Timothy 6:10 - “For the love of money is a root of all kinds of evil. Some people, eager for money, have wandered from the faith and pierced themselves with many griefs.”