Andy Naselli has this helpful summary:
Randy Alcorn, Managing God’s Money: A Biblical Guide(Carol Stream, IL: Tyndale House, 2011), 47–56:
Beyond the examples in Scripture of many people who are warped and destroyed by greed, and its warnings against idolatry, the Bible also lists various dangers of becoming centered on money and possessions. Warning: Don’t dismiss this as negativism. On the contrary, if we understand the dangers of materialism, it will help liberate us to experience the joys of Christ-centered stewardship.
- Materialism hinders or destroys our spiritual lives. . . .
- Materialism is a broken cistern that can’t hold water. . . .
- Materialism blinds us to the curses of wealth. . . .
- Materialism brings us unhappiness and anxiety. . . .
- Materialism ends in futility. . . .
- Materialism obscures many of life’s greatest blessings. . . .
- Materialism spawns independence and self-sufficiency. . . .
- Materialism leads to pride and elitism. . . .
- Materialism promotes injustice and exploitation. . . .
- Materialism fosters immorality and the deterioration of the family.
Related: What We Should Do with Our Money (esp. the resources at the bottom of the post)