responsibilities of the rich

Ok, what does these 3 verses by Paul to his adopted son,Timothy, have to say to us about material things, & the poor,juxtaposed with current attitudes about either or both?

Do we need to acknowledge that in comparison to the rest of the world, we are rich?



1 Timothy 6

17 Teach those who are rich in this world not to be proud and not to trust in their money,

        which is so unreliable.

Their trust should be in God,

     who richly gives us all we need for our enjoyment.


18 Tell them to use their money to do good.

They should be rich in good works

     and generous to those in need,

     always being ready to share with others.

19 By doing this they will be storing up their treasure as a good foundation for the future

        so that they may experience true life.