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We have great possessions in
Preconceived ideas 
Confidence in our own judgement
Spiritual pride 
Habits of life that we have no desire to renounce. 
Concern for human respect 
fear of public ridicule
Interest in worldly honor and distinction.
All these possessions keep us chained to the rock of suffering 
that is our exile from God. 

Wealth is neither good or bad but the love of love of money enslaves. 
Paul says money is root of all evil. 
The poor in spirit have gotten rid of the love of money and property 
Of fear of public opinion 
Disapproval of family and friends. 
They are no longer cock sure in their own opinions.
They are ready to start at the beginning & learn life anew.