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The Bible mentions true riches thus indicating the existence of false riches. Much of what the world considers riches simply serves as a veil for true poverty. While on earth, the Lord appeared to be the poorest of the poor (Matthew 8:20), all the while being the One who owned all things. The believers at Smyrna appeared to be poor, but the Lord unflinchingly stated that they were in fact rich (Revelation 2:8-9). The opposite was said of those in Laodicea. Although they claimed to be rich, the Bible states the reality: they were poor (Revelation 3:14-17). This truth is confirmed in Proverbs 13:7 when the Bible says, “There is that maketh himself rich, yet hath nothing: there is that maketh himself poor, yet hath great riches.”
One important aspect of submission to the Lord involves submitting to one another. Grasping this important truth would solve many of the problems in the world, home, and church. The Bible tells us that the younger are supposed to submit to the elder (1 Peter 5:5). Husbands and wives are to submit to each other (Ephesians 5:21-22; Colossians 3:18). Christians are to submit to those who labour in the work of the Lord (1 Corinthians 16:16), and those who rule over them (Hebrews 13:17). Instead of fighting for authoritative positions, we should first seek opportunities to submit ourselves to others for the glory of God. A pride-filled heart remains the biggest stumblingblock in the way of full submission.  
The passage may appear to directly equate obedience and submission together, but each word conveys a separate and distinct concept. Although today's passage includes both obedience and submission, it is important to recognize that these two words involve separate acts. Earlier studies noted a twofold definition of obedience: first, having an attentive ear, followed by acting upon what has been said. Dividing submission into two parts helps to better understand it too (sub + mission). The prefix sub means under (thus a submarine travels under the water), and the root word mission means to be sent out. Obedience, therefore, emphasizes the act of hearing and doing, while submission emphasizes the act of placing oneself under the authority of another.