As long as you earn money by working hard in the right way and earning money is not bad for you when it becomes your addiction but when you take wrong path to earn money then addiction is bad for you.
People who are extra big or have extra money will only tell you that money is not everything in life but they will gasp when you ask them to get out of their financial situation and walk the world one day. Based on your wealth you will gain more respect in the area and you will become a respectable person among the society.
A person who completes graduation but is unemployed on the other hand an uneducated person who owns a lot of money in the same event will see these two people being evaluated in two ways. The one who has enough money is seated in the chief guest's chair while the one who has no money but is seen as educated sits in front to listen to the chief guest's speech. So no matter what you say money is very valuable in life and we should give utmost importance to money income.
I say now money is power, money is respect. Everyone wants to earn money in the right way but those who are not able to earn money in the right way jump to earn money in the wrong way to save themselves and improve their quality of life. No one blocks the way to earn money, everyone wants to earn more.
According to what you mentioned, it is proved that money increases people's respect, if there is no money, people's respect decreases. Unless you have a bachelor's degree or higher and don't own a lot of money, you won't be seated in the chief guest chair at any event. But if you have a lot of money, even if you don't have a bachelor's degree or higher, you will still be honored and can sit in the chair of the chief guest at any event.