Sheikh Al-Albani has stated with regard to this Hadith the following points:
First, this Hadith is weak in authority.
Second, even if its authority is taken to be correct, then begging in the Name of Allah for worldly needs is prohibited; but how can the begging of good of the Hereafter, guidance and the path to Jannah becomes prohibited?
Nevertheless, begging in the Name of Allah for worldly gains is disapproved.