Incorrect. There's nothing wrong with money. It's the LOVE of money.
(1 Timothy 6:10 NIV) For the love of money is a root of all kinds of evil. Some people, eager for money, have wandered from the faith and pierced themselves with many griefs.
(Ecclesiastes 5:10 NIV) Whoever loves money never has money enough; whoever loves wealth is never satisfied with his income. This too is meaningless.
It's only true if you love money more than God.
(Luke 16:13 NIV) "No servant can serve two masters. Either he will hate the one and love the other, or he will be devoted to the one and despise the other. You cannot serve both God and Money."
I love having money but I love to give too.