It's a matter of heart. If you want financial freedom the first step is to make sure our heart is right. There are many financial plans and disciplines that are available. All of them call for wisdom. Money doesn't grow on trees.
Debts do have to be paid off.
A house is a sound investment and big cars depreciate big time. God's blessing is not license for foolishness. If God blesses you with a million dollars and you spend two million you are actually worse off. But seek first his kingdom and his righteousness, and all these things will be given to you as well. Honoring God with your finances ensures that He takes an active part in your money matters.