1. You have lots of good ideas, but you share the following: The Nephite Prophet Jacob shared with us one view of the purpose of wealth in our lives. He counseled us that if we seek wealth, we should do it for the right reasons:

After ye have obtained a hope in Christ ye shall obtain riches, if ye seek them; and ye will seek them for the intent to do good-to clothe the naked, and to feed the hungry, and to liberate the captive, and administer relief to the sick and the afflicted. (Jacob 2:18-19)

2. Again, there are many different answers from scripture. You could respond, “Riches are to help us to fulfill our missions here on earth, to help us become like Christ, to raise righteous families, to move the kingdom forward, and to help and serve others.” Remember D&C 14:7 and 11:7:

Seek not for riches but for wisdom; and, behold, the mysteries of God shall be unfolded unto you, and then shall you be made rich. Behold, he that hath eternal life is rich.

We are not seeking for the riches of mortality, but for the riches of eternity.