As for the rich in this present age, charge them not to be haughty, nor to set their hopes on the uncertainty of riches, but on God, who richly provides us with everything to enjoy. They are to do good, to be rich in good works, to be generous and ready to share, thus storing up treasure for themselves as a good foundation for the future, so that they may take hold of that which is truly life. (1 Timothy 6:17-19, ESV)
Your money is not your own. Neither is anything you have. Everything you possess was given to you by God for your enjoyment. As such, God provides some guidelines on handling material goods.
In 1 Timothy, Paul is writing to Timothy, whom he had left in Ephesus as his representative to the church. This passage comes near the end of the letter, following shortly after a brief discussion of the dangers of riches.
First, Paul warns those who are rich not to be haughty or to rely on riches instead of God. Then, he describes the lifestyle the rich should have. Do good, be rich in good works, and be generous and ready to share. Note that these apply not only to how to spend money, but to one's overall character as well. Finally, he describes the benefits of following such guidelines: storing up treasure in order to take hold of what is “truly life” (i.e., eternal life).
Are you rich? You may not think it, but just look at all the things God has provided for you. Things like your home, land, and other possessions.
What is your attitude toward your material wealth? Are you haughty, proud, arrogant? In other words, do you think you are better than others because you have such things? Even a little better? (Be honest!) Do you trust in your possessions instead of in the God who has given them to you? Pray for God to show you any wrong attitudes toward the things you possess and ask Him to replace them with the right attitudes.
Are you using what God has given you to do good? Are you rich in good works? Are you generous with what you have and ready to share your belongings? Pray about how you can use your blessings to bless others and glorify God. Pray also for the opportunities to do so.