@akshay807 I really like what @josueaparicio said about the need for us to have Christ centered hearts. That will preach! I agree that God looks upon the heart and it is from there that our words and actions flow.
I think one reason you find such a diversity of views is because we are all still working out what it means to take up our cross in our own context. For each of us, that cross may look different because of where we live, our family situation, our culture and the gifts God has given us.
In seminary, I took a class called “A Theology of Cross Bearing” and for an entire semester we did nothing but study this single passage. It was a challenging class to say the least. I like what Darrell Bock said in his commentary on Luke - learning what it means to surrender our possessions and take up our cross is a process - we grow in our understanding of what it means as we walk with Christ each day. Below is my personal conclusion about what it means to take up your cross and what I consider some helpful notes from different commentators. If you are interested in further reading feel free to reach out to me - I still have the full syllabus.
To count the cost of the cross is to decide to follow God no matter what suffering may come, believing that He will give the strength needed to endure and knowing that if in our weakness we fall He does not abandon those who humble themselves before Him.
So, what does it mean to take up our cross? Is it any more than a passionate pursuit of God’s face for the sake of knowing Him more; a laying down of our lives so that we can have His? How do we measure success in the Christian life? What fruits does the cross promise other than a closer walk with the risen Christ?
“You must be ready to deny yourself for the sake of the truth, but you may not sacrifice the other at the altar of your truth,” (Miroslav Volf, Exclusion and Embrace, 272).
“As a Jew in first century Palestine choosing Jesus would likely result in being rejected by your family. Your family may have tried to turn you away from Christ. The question would have been, and it still is, ‘Who holds your loyalties when you must choose between the embrace of God and the embrace of man?’” (Darrell Bock, Luke Volume II, 1285).
Gundry concludes that Luke 14:33 demands a literal renunciation of the disciple’s possessions. However, Gundry also notes that this command was given in the context of Jesus’ journey to Jerusalem. Because of this fact, He was calling the people who were following him to literally walk with Him to Jerusalem and participate in His sufferings. For modern readers, we should look to the book of Acts for a more proper view of Luke’s understanding of how the believer should relate to their possessions. (Gundry, 298)
Forsake all: The essence of discipleship is to place all in God’s hands… It is not how little you can give God, but how much God deserves. - Gundry
Gundry, Robert H. Commentary on the New Testament. Massachusetts: Henrickson Publishers, 2010.