Are we biblically balanced in the area of finance?

I’ve been thinking quite a bit lately about a biblically balanced life in the area of finances. God seems to be exposing many of the fancy “ministries” which thrive on excess, and survive by promoting the love of money. Conversely, there are millions of brothers and sisters in Christ worldwide who live way below any poverty line. Sure, we in the West may say, “these third world countries are heavily paganised and given to idols”… as if every Western country, even “Christian countries”, aren’t largely given to our own forms of idolatry and paganism. It is clear that a biblically balanced form of prosperity exists for those who are dead to self and alive in Christ. But why does the Lord prosper us and how much is enough for us before we should be sharing the wealth around? Did God not say that “it is he that gives you power to get wealth, that he may establish his covenant” (Deut 8:18)? So then, if the main reason that God wishes to prosper us with wealth is so that He can “establish His covenant” how can we justify lascivious living and selfish hording? Here are some sobering words penned by Paul the apostle which I would like to hear your thoughts on: