The first Chabad Rebbe, Rabbi Shneur Zalman once said the following[1]:
“The supernal chamber of wealth is situated between Heaven and Hell. The chamber has two doors, one to the Garden of Eden and the other to Hell.”
Depending on the manner that we spend our money it can either help us reach the highest heights or the lowest abyss.
[1] Igros Kodesh, Previous Lubavitcher Rebbe, Vol. 7, Pg. 58