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Luke 14:33So then, none of you can be My disciple who does not give up all his own possessions.(NASB)How do you interpret and apply it today

It takes away the choices we have as Christians in what we hold on to.Our time is not ours aloneOur finances are not ours aloneOur families are no longer ours aloneAs one pastor said, We hold on to our possessions loosely so that we aren't held back from letting things goWhen we choose to follow Christ we give up our rights to hold back anything from him.

Our Lord’s command to forsake or renounce all that one has echoes His instruction in the Sermon on the Mount:Matthew 6:19“Do not store up for yourselves treasures on earth, where moth and rust destroy, and where thieves break in and steal. 20“But store up for yourselves treasures in heaven, where neither moth nor rust destroys, and where thieves do not break in or steal; 21for where your treasure is, there your heart will be also.    22“The eye is the lamp of the body; so then if your eye is clear, your whole body will be full of light. 23“But if your eye is bad, your whole body will be full of darkness. If then the light that is in you is darkness, how great is the darkness!    24“No one can serve two masters; for either he will hate the one and love the other, or he will be devoted to one and despise the other. You cannot serve God and wealth. NASBThis plain teaching of the Messiah concerning wealth is likewise reiterated by Paul the Apostle (all NASB):1 Timothy 6:3If anyone advocates a different doctrine and does not agree with sound words, those of our Lord Jesus Christ, and with the doctrine conforming to godliness, 4he is conceited and understands nothing; but he has a morbid interest in controversial questions and disputes about words, out of which arise envy, strife, abusive language, evil suspicions, 5and constant friction between

Quiet Wyatt,I suspect that there was a variety of 'radicalness' among early Christians regarding to the degree to which they divested themselves of their possessions. Barnabas on the one hand, and Ananias and Saphira, on the other, show a contrast in Acts on attitudes toward giving. Jesus talked about forsaking all you own to be His disciple. He told the rich young ruler to sell his possessions and give to the poor. Then Luke said the church had all things in common and did not consider their possessions to be their own. Then Paul told the rich to be generous. Do we take Jesus' statement quoted in the OP to be 'hyperbole'? The passage talks about hating father and mother. Is it spiritual language that speaks of forsaking possessions 'in the heart', but still using them and gaining personal benefit from them. We could say the rich young ruler passage was just for him in particular. Or are these interpretations just to convenient.I suspect the proper interpretation and application is more radical than what is acceptable in your typical American evangelical church

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So are you suggesting the “proper” interpretation is a wooden, literal call for all disciples of Christ to divest themselves of every asset ? that would be radical