What the Bible says about Confidence in Riches
(From Forerunner Commentary)
These verses express a consistent biblical principle regarding pride. Pride springs from an unjustified sense of well-being, wealth, or strength. The righteous are justified in looking to the Lord for safety, but the wealthy and proud man falls to his destruction because, in his perverted judgment, his confidence is in the wrong place.
John W. Ritenbaugh
Pride, Contention, and Unity