Well yeah, but we should ask the question, what is luxury and wealth? Is it in that gold trinket in the jewelry box? Is it in your wallet? Bank account? Maybe it's the wheel of your lear jet? lol.
Real wealth is in the heart. It's in that hug that your girl gives you. It's in the smile on your kids face when you've made them feel very happy and loved. It's in the knowledge of the presence of God in our lives. There can be a taste of heaven here on earth. We just have to look in the right places with a proper perspective.
Yes - how many times did Yeshua say don't value or trust or judge by what can be seen or heard or felt? The invisible is what's important and what lasts, and then only as revealed from Yhwh - not thought up by men.
That's part of why there's so many different (and wrong) religions, and so much confusion and panic and fear and doubt - all the garbage and lies and falsely called knowledge promoted by what is of the flesh and of the world or from satan.
(so it is important to learn from Yhwh directly, otherwise- well, not good!)