5   Perverse disputings of men of corrupt minds, and destitute of the truth, supposing that gain is godliness: from such withdraw thyself.

   Lettings us know that followers of possessions including money corrupts the mind and is void of truth deceiving men into thinking that it is godly when it indeed is not and that we should not be a part of that thinking.

6   But godliness with contentment is great gain.

   Nothing is spoken here of wealth

7   For we brought nothing into this world, and it is certain we can carry nothing out.

   All your possessions including money are left behind to your heirs

8   And having food and raiment let us be therewith content.

   In other words, let us be happy with food to eat and clothing

9   But they that will be rich fall into temptation and a snare, and into many foolish and hurtful lusts, which drown men in destruction and perdition.

   Meaning that those who desire to be wealthy fall into the old trap by Satan of thinking that money is too important to do without and therefore begin to follow their lust for money over anything else.

10   For the love of money is the root of all evil: which while some coveted after, they have erred from the faith, and pierced themselves through with many sorrows.

    Notice that the verse says “love of money”, not money itself.  This is because money is needed by everyone alive to pay for things to get by but when we begin to love the money more than other things we begin to error.

11   But thou, O man of God, flee these things; and follow after righteousness, godliness, faith, love, patience, meekness.

    Saying, if you are a follower of the Lord, then do not love money more than other things, do not desire to be rich but follow after the ultimate goal which is to be with the Lord in heaven when we leave this earth.

12   Fight the good fight of faith, lay hold on eternal life, whereunto thou art also called, and hast professed a good profession before many witnesses.

     Again, saying that we should fight the “fight of faith” which is what we do when we work hard to live as Jesus intended and teach others about Him and His kingdom.

13   I give thee charge in the sight of God, who quickeneth all things, and before Christ Jesus, who before Pontius Pilate witnessed a good confession;

    Telling us that we are charged (commanded) with God being the witness to do these thing.

14   That thou keep this commandment without spot, unrebukable, until the appearing of our Lord Jesus Christ:

    Letting us know that we should not only do these things but we should do them without error, not being in the position of being rebuked for our failure to be faithful in our work.

15   Which in his times he shall shew, who is the blessed and only Potentate, the King of kings, and Lord of lords;

    Telling us that when the time comes, God will show us who is the only one who is the King of Kings, that being Jesus and not our love for money, possessions, etc.