Happy=??

Gandhi talks about how riches play a part of whether or not someone is happy. He says, "A man is not necessarily happy because he is rich, or unhappy because he is poor. The rich are often seen to be unhappy, the poor to be happy" (35). So does this mean that in order to be happy we must live a life without luxuries and pleasures? I think there is more to happiness than how much money is (or isn't) in your pocket.