But those who are determined to be rich fall into a temptation and a snare and many foolish and harmful lusts, such as drown men in ruin and destruction.
They that are minded ... is also translated "they that desire to be." The people here condemned are not merely the rich, specifically, but those whose desire and intention are focused upon that one thing.  This does not decry lawful ambition and application in one's work.  White said: