No, he was wrong. Speaking of money, it also doesn't matter much, as long as you aren't poor or in debt. Once you have enough to get by with daily necessities and have basic social standing, money and other privileges like beauty are really mostly meaningless or come with different set of demerits, compared to lofty things like having good friends or family, so gals are completely right in this one. So he doesn't have flashy powers, boohoo, same with everyone in our world and yet people are plenty happy without them.