like all in life need a balance, money and the pursuit of it applied to this phrase, in this modern era we need money to survive, money is a power around the world that we need to have for food, services, education, etc... but like all things, much money for one person actually have a negative result in the live of one person.
Yes, everything needs a balance. Without money, it's impossible at all, but you do not need to pursue too much money.