A righteous person who is wise resembles God: he never disciplines anyone in order to take vengeance upon a wrongdoing, but only so that the person may be set aright, or that others may be deterred.
In answer to your question as to what constitutes a happy life, whether splendor, fame and wealth, or a quiet, peaceful, family life, I will say that I agree with the latter, but will add the following: A life lived in humility and with an irreproachable conscience brings peace, tranquility, and true happiness. But wealth, honor, glory and exalted position often serve as the cause of a multitude of sins, and such happiness is not one on which to rely.