>> So to say that spiritual pursuits or the workings of Saints 
>> should be constrained because any attempts by the holy to amass 
>> money is "bad" is a strange perspective to say the least.
> 
> And curiously widespread. If God is unmanifest and manifest,
> money surely will be a part of HE/SHE/IT.

i quite agree, even in Hindu mythology, wealth is merely the
blessings of Goddess Lakshmi.

However, the Western spiritual history developed a very different
traditional outlook, saying that wealth is a hindrance and poverty
is a path to more perfect spirituality.

this is how the West has viewed it:

The "Counsels of Perfection" are chastity, poverty and obedience
(cf. canons 599-601). Religious vows of keeping the councils were
first taken by St. Francis of Assisi and his followers. They were the
first of the mendicant orders. These vows are taken now by all
Catholic religious communities founded since the twelveth century.

These counsels have been analyzed as a way to keep the world from
distracting the soul, on the grounds that the principal good things of
this world easily divide themselves into three classes. There are the
riches which make life easy and pleasant, there are the pleasures of
the flesh which appeal to the appetites, and, lastly, there are 
honours and positions of authority which delight the self-love of the
individual. These three matters, in themselves often innocent and not
forbidden to the devout Christian, may yet, even when no kind of sin
is involved, hold back the soul from its true aim and vocation, and
delay it from becoming entirely conformed to the will of God. It is,
therefore, the object of the three counsels of perfection to free the
soul from these hindrances. The love of riches is opposed by the
counsel of poverty; the pleasures of the flesh, even the lawful
pleasures of holy matrimony, are excluded by the counsel of chastity;
while the desire for worldly power and honour is met by the counsel of
holy obedience. 

Abstinence from unlawful indulgence in any of these directions is
forbidden to all Christians as a matter of precept. The further
voluntary abstinence from what is in itself lawful is the subject of
the counsels, and such abstinence is not in itself meritorious, but
only becomes so when it is done for the sake of Christ, and in order
to be more free to serve Him.

taken from: http://en.wikipedia.org/wiki/Evangelical_counsels

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