Do these lines still have a meaning or purpose?

I think it is both meaning and purpose

Hey!

The quote does have meaning. It says that there is a deep purpose for our existence and lives, beyond the superficial appeal of such things as wealth, fame, and pleasure alone. If these are all we pursue in life, we become a victim of them. They and the pursuit of them control us. If we put these things into perspective - or go beyond them - and move wisely, you'll find much more meaningfulness and joy in life, especially through beauty, relationships, and transcendence in this life.

The translation of your quote is ambivalent. My guess is that the original translation refers to God. The translator apparently isn't comfortable with the mention of God, and so waters it down with the phrase "life set you free", which is actually pretty meaningless. To get closer to the real meaning of the quote, substitute the word "God" for "life", and you'll come much closer to the original meaning.

Only beyond wealth do they.

It is especially MORE meaningful in today's material world, where everything is measured in terms of money, power, and prestige.People are overlooking the importance of relationships with other people, and with nature.