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Epictetus is saying that true wealth or richness is not defined by the possessions one has, but rather by how few desires or wants a person has. He is suggesting that being content with little and not desiring excess material goods is what leads to a feeling of wealth.
By having few wants, one is less dependent on acquiring possessions to feel fulfilled. So Epictetus sees focusing on inner peace rather than outward displays of wealth as the path to feeling truly wealthy.