“Now this wickedness of pride and haughtiness does not refer to wealth or to money, for Paul said that not money itself, but “the love of money is the root of all evil.” (1 Timothy 6:10) Whenever we love money, status, possessions, or position more than righteousness, this is that false pride which must be avoided as the plague. That is why the Lord told us that riches, per se, are not wicked and that we could even seek for riches if we do so with proper intent.”

Source: “A Disease Called Pride,” BYU Speeches of the Year, October 13, 1971, p. 2