It entirely depends upon the way in which we use money, whether it is good or bad. Money earned and utilized as means of livelihood for oneself and those who depend on one is good. Given as charity for the benefit of humanity, it is better. But to give anonymously and yet carefully for intelligent service and spiritual upliftment of humanity, without dictating as to how it shall be administered or spent is the best use of money. But very, very few selfless souls can do it.
When money, gained by fair means or foul, is spent in order to gratify one’s desire for pleasure and enjoyment, it makes the spender pleasure-loving and selfish. And if the same person suddenly looses that money, he naturally feels miserable and curses life and his fate. Worst still is it when he wastes money earned or inherited, in speculation and gambling, or wine and women.
Whether it is good or bad for us to possess money depends entirely on the use we make it. Fire can serve and warm man; fire can burn and destroy man