If True Christians keep 1Tim. 6:8 in mind should this keep you & me out of debt or winding up in bankruptcy?

Also the scripture 1 Jo. 2:16 if we apply and take the scriptures to heart! Or are the scriptures inconvenient for the world of today? Or do People in the world like to cherry pick the Scriptures. Only apply what they think they can handle. Or do you believe that contentment just one more purchase away! LOL! Your civil thoughts please.