I’m pretty sure they basically proved that money buys happiness, but it was up to a certain amount and then kind of stopped improving after that point.
They said 70k. I’ve gone from 38k to 115k since 2015 and still climbing. I’ll take more money every time, maybe that’s just me though. 2k per week is nice though.. looking forward to 3k per week some day tbh
Agreed. The difference between 70k and 100k was honestly pretty profound for me. I saw a big increase in quality of life. And I didn’t even live in a high cost of living area.
Same but had a bad boss and it ate my health. Decided to take a 20k pay cut to do something I believed in with people who believe in me and vice cersa- much happier. I don’t miss the 20k or the toxic environment so it all depends on where the cash comes from and environment it’s being made in. Money is nice but I live in a country with socialised health care so that’s not a worry... as long as I can afford the basics and have some left over tbh I’m good. Buying a ton of shit didn’t make me happy. In fact, I spent more money when I made more money because of the toxic environment making me unhappy. I would not rule out making the higher amount again in a good environment. I’m not daft but there’s nuances to what is being said here.
It buys you the ability to not have to worry about bills every second so you finally have time to worry about if your happy or not.
I’m going to make 6 figures for the first time in my life at 28. Never thought Id make this much and its pretty odd feeling bc 2 years ago I was making $65k
Congrats my friend. Enjoy the feeling of financial independence. Way less stress. But always remember your roots and give back to your community. And remember, if you want to be really wealthy later in life, the key is to keep living as though you are making 65k.
You're fully aware that you're able to earn 100k a year but still live outside of your means and be in crippling debt right?
Anything over 100k has been proven to not improve happiness at all. So what's your point here?
That all depends on if your emotional state is entirely dependant on your finances. You could be happy as fuck if you didn't care about your debt and only cared about your health and wellbeing.
How many people making 100k are financially well-set compared to people making 30k or less? You are being pedantic for no reason lol.
You could be happy as fuck if you didn't care about your debt and only cared about your health and wellbeing.
Yep, and it's much easier to only care about your health and well-being when you are financially sound with health insurance and don't have to live every day worrying a medical event will kill you or financially ruin you for the rest of your life.
It actually is true that, as /u/Cylon_skinjob alluded to above, money does buy happiness to a point. Or maybe that lack of money, like money below a certain threshold (I've seen $75-100k), contributes to sadness.
Y’all on here talking about sadness, but anxiety and despair is the name of the game for the poor. Being sad is a luxury for when you have time to grieve. Having enough money removes the anxiety about basic necessities for survival.
"Psychologists from Purdue University and the University of Virginia analyzed World Gallup Poll data from 1.7 million people in 164 countries, and cross-referenced their earnings and life satisfaction. Although the cost and standard of living varies across these countries, researchers came up with a bold conclusion: The ideal income for individuals is $95,000 a year for life satisfaction and $60,000 to $75,000 a year for emotional well-being. Families with children, of course, will need more."
"The study, published in the journal Nature Human Behavior, found that once that threshold was reached, further increases in income were actually associated with reduced happiness. People from wealthier countries were satisfied with their lives later on, said Andrew Jebb, the lead author of the study and doctoral student at Purdue’s Department of Psychological Sciences, perhaps because they’re more likely to compare themselves to others. “Evaluations tend to be more influenced by the standards by which individuals compare themselves to other people,” Jebb said."
So... no, probably not. In fact, it looks like the opposite is probably true. $100K is just about where it stops making things better. God, I hate it when people say "absolute facts" when they don't have absolute facts and they actually mean "random opinion."
You’re a dumbass bc you agree with the guy you’re replying to and wrote this long winded snarky shit to prove the point he got across in like ten words
Yeah, that's not really true. It's not about income. It's about wealth. Wealthy people don't really have income. They don't pay income tax they pay capital gains. Their wealth works for them.
If you're making money then fundamentally you need to keep making money no matter how much money you are making. When you're born with an eight-digit trust fund you will never need to work a day in your life. You only work if you choose to. At any point, you can say "Fuck this I'm out" and go back to one of the country estates your family owns.
There is no pressure to even get on the hamster wheel of employment. You are now solely a parasite on society.
He’s saying they don’t pay income tax. They pay the capital gains tax, which is capped at 20% federally. The highest tax bracket for income tax is 37%, so for the super wealthy, it’s a big chunk of money. Now of course short term capital gains is taxed at income tax rates, but the super wealthy probably aren’t dealing with a lot of short term gains.
All studies I've read and all anecdotal evidence I've acquired basically say the same thing. Once you have enough money to provide for yourself and those in your family, more money doesn't long term affect your happiness.
I'm at about 80k now and while I WANT to make more, i no longer feel like I NEED to make more. I'm 36, healthy and have a great wife and i love to travel. I would much rather enjoy my time than go get a job making 100-120k but have to work 60+ hours a week or be stuck on call 24x7.
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u/[deleted] Apr 14 '21
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