Mat 19:21 Jesus said unto him, If thou wilt be perfect, go and sell that thou hast, and give to the poor, and thou shalt have treasure in heaven: and come and follow me.

I have been asking God for quite some time to reveal to me what this looks like, in other words how does this look in our lives. I am sure there is more meaning to be found here, but for now this is the understanding God gave me.

This verse is a part of something much bigger. This encompasses all the following.
　
Mat 16:24 Then said Jesus unto his disciples, If any man will come after me, let him deny himself, and take up his cross, and follow me.
Mat 16:25 For whosoever will save his life shall lose it: and whosoever will lose his life for my sake shall find it.

Luk 14:26 If any man come to me, and hate not his father, and mother, and wife, and children, and brethren, and sisters, yea, and his own life also, he cannot be my disciple.

Mat 8:22 But Jesus said unto him, Follow me; and let the dead bury their dead.

Mat 6:33 But seek ye first the kingdom of God, and his righteousness; and all these things shall be added unto you.

Mat 10:35 For I am come to set a man at variance against his father, and the daughter against her mother, and the daughter in law against her mother in law.

Mat 10:37 He that loveth father or mother more than me is not worthy of me: and he that loveth son or daughter more than me is not worthy of me.

Mat 10:38 And he that taketh not his cross, and followeth after me, is not worthy of me.

Mat 10:39 He that findeth his life shall lose it: and he that loseth his life for my sake shall find it.

Mat 22:4 Again, he sent forth other servants, saying, Tell them which are bidden, Behold, I have prepared my dinner: my oxen and my fatlings are killed, and all things are ready: come unto the marriage. Mat 22:5 But they made light of it, and went their ways, one to his farm, another to his merchandise:

Luk 6:46 And why call ye me, Lord, Lord, and do not the things which I say?

When we turn to follow Jesus we are his servants and can no longer tend to all the “stuff” in “our lives” we must sell it all, give up our lives and seek first (and only) his kingdom. This is not simply a suggestion. We must be rid of everything that distracts us from taking up our cross and following him.