I think it's absolutely necessary. Having money and power will bring us many conveniences, and it makes everything easier. I think almost everyone wants those conveniences, including me.
That's why so many people chase money or desire it. There's no eternal happiness in having a lot of money and power, but at least we can create it compared to having nothing.
Power and money are like abilities that everyone in this world must possess. As long as we ourselves desire a higher level of happiness, it will certainly involve money and power. However, when it comes to achieving both, not everyone is in the same situation, so there will always be variations in achieving them, which will give rise to quite diverse differences. Because money can always give rise to greater power in many ways, power can also be created by the amount of money we have.
Money never equals to happiness, poverty equals unhappiness. You have to understand there is a difference between those. Because one can be not poor, but also not rich. Like for example, in my nation, if you are making 1.5k dollars per month, then you are living a normal life, you are not poor, you are not rich, but you are normal, middle class basically.
That can be happy too, without being rich, those people can be very happy too, and I was one of those people back in the day, when inflation didn't increase it, and because of this, I think it's quite important to realize that we are going to be need to be not poor, instead of trying to be rich. As long as you can guarantee yourself not to be poor, then you can focus on being happy.