The same points of having friends and family but living in a poverty-ridden slum, where you can have the experience of watching your loved ones die of cholera.

I am not in favor of pursuing wealth at all costs, but there's a balance in having enough material wealth to live in a decent place in a safe, aesthetically pleasing neighborhood, having freedom of movement, being able to access healthcare and education, not starving, being physically fit, etc.

Things beyond that are superfluous and won't make you happier by themselves.

Why are you making this an unnecessary binary decision?

This is a false dichotomy. There is jo binary choice. This brings forth useless statements like money can't buy happiness.