1 Timothy 6:17-19 (NIV): "Command those who are rich in this present world not to be arrogant nor to put their hope in wealth, which is so uncertain, but to put their hope in God, who richly provides us with everything for our enjoyment. Command them to do good, to be rich in good deeds, and to be generous and willing to share. In this way they will lay up treasure for themselves as a firm foundation for the coming age, so that they may take hold of the life that is truly life."
Here Paul doesn't berate those who have money; he tells them to share with those in need, and to do a great deal of good deeds for others. He doesn't guilt or shame them about it or tell them not to enjoy hobbies like music or whatever. He also doesn't tell them not to get an education beyond basic schooling, which would be hypocritical, as he himself was well-educated.
It wasn't having lots of money that was ever the issue; it was loving that money so much that it became a god to you, more important than everything else in life.
Ultimately this is all about control for the Society, not really about 'running the race with endurance' or anything like that. Certainly Hebrews 12:2 is not talking about riches, higher education, or entertainment. Paul had spent a long time discussing the importance of faith rather than the law code and the visible Jewish system, highlighting how the patriarchs and prophets and judges showed FAITH and received blessings, not works of the law. The sin that was entangling so many Jews back then was their fixation on works and adherence to the Law of Moses rather than simple faith in Jesus Christ alone.
One thing I've noticed since leaving the JWs is that the Society can take one or two verses out of context as a theme text, and build an entire Watchtower article that has nothing whatsoever to do with the original context of those one or two verses. So that instead of grasping their true meaning, now their meaning has been completely reinterpreted and the scriptures involved rewritten as something beyond or even unrelated to the original author's intent.
--sd-7