For me, I dont need to be rich. I just want to be able to go to the grocery without having to check the prices (like to be concerned that i cant afford it or it will affect my budget) Or im able to travel/vacation without stressing missing days from work to pay rent.
I kinda have the same thing, I dont want (not that their is a choice and big chance of happening) to make millions of dollars and have 10 villa and a privat jet and having a bodyguard. I’d rather have a good salary (like 10k-20k) a month, its still a lot but not millions.
BIG Facts! I’ve been in both positions in my life, and I tell this my wife who grew up comfortable all the time. Having no money, money is all you worry and think about. Having a decent amount of money saved, and a solid income every month eliminates those worries which in turn makes like way more enjoyable!!
money doesn't buy happiness directly but it does buy security, access to wellness and better living standards, and peace of mind. so in a round about way, it can totally buy happiness.
I don't think they are saying money doesn't generate happiness. Their point is that beyond a certain limit, more money doesn't add much to your happiness level
But then why are alot of rich people not happy? I mean why do so many high earners sniff cocaine, some will even take sleeping tablets! Alot are in prozac, On the other side of the scale, people with little money living simple lives are so much content with what they have. I've seen it my self in small villages in Morroco
Summary making 80 - 120k a year will def make you happy, anything above that does buy more security but genuinely speaking you won't be happier. Your relationships and having a purpose in life I feel like are truly what make someone happy.
@@17zubs Because usually in order to become very rich, other areas of your life need to be sacrificed. The super-wealthy are working non-stop and so relationships, friends, family, socializing etc.. all become a 2nd priority. Also, usually, somebody earning more money also has a lot more responsibility that comes along with it. More stress, anxiety etc... all leading to reduced happiness.
I’m a single woman and don’t have kids or a boyfriend or friends... I save 40% of my income and treat myself to good food and traveling. I am VERY HAPPY. I lost my job in 2020 and was still able to pay bills and pay debt because of how much I save. I might be lonely but that’s ok, I can go anywhere I want and leave jobs I hate because I don’t have any commitments keeping me anywhere.
Having people you care about and people that care about you can be very fulfilling. I would suggest finding activities that you are passionate about and engaging in them with other people. I understand that other people can be exhausting and puerile at times, you just need to choose wisely.
I mean his official salary is that much I’m sure her spoke with a finical advisor and invested all his money so he still effectively makes that much. The rich get richer, and you can’t just stop being a millionaire one day unless you’re retiring which doesn’t really make you a millionaire.
He owns the company. With capital appreciation of stocks, you pay way less taxes than with a salary. Warren Buffett does much the same, relies on capital appreciation of his assets rather than a salary, which he fixed at 100k since the 1960’s. If I owned a fast growing company and had staff, I would do the same (less turn over, happier more productive team etc) and consider it a long term flex that will increase my wealth more in the long term.
Using a 3-5 time ebidta he’s worth hundreds of millions. He doesn’t give stock options you dimwit. 0 piece of the action. 70k minimum wage for tech lol
That's why we say tax the rich 🤷🏾♂️, anything over a billion dollars. The CEOs can just give it up BUT that's the trick! That's why bezos and elon are in control. If they raised their workers minimum wage to $50k no matter the role. Mannnn job market will SHIFT and general public incomes.
Good.Energii no, you live long enough, you will realize that that’s incorrect. Are used to make $12 an hour as a pharmacy technician, working with pharmacy does that make $120,000, and they were unhappy. They would show up to work, and be ready to go home right away. They were unhappy with all that money. You wake up every morningTo go to work, you don’t wake up every morning to count money.
Yes, you can hate your job and with that 500k but after some few years, you can lanch a startup or own a business or even do do job you enjoy with less money cause you already have your life covered,
a hate job at $500k is an extremely stressful job where you have a hard time sleeping at night. you can't compare that to $15/hr where you go home not caring what happens next. you said job not career. if you are making 500k and you hate it, you won't survive a year at that place.
That’s fair, but you’re not going to make $500k a year working 40 hours a week. Gonna have to bump that up to 50-60. So you hate your job and you have to spend 50% more time at your job.
Actually it does, even tho I don’t make that much right now. I help my family financially and send them some monthly. I am always happy on the day I send them money.
Higher salary comes at a cost which typically involves: 1) doing more work, 2) accepting more responsibilities, 3) taking on more stress, and 4) accepting less personal time. So while having a higher salary might increase happiness, it might also decrease it at the same time leading to wash. Therefore, you need to find the perfect balance that you can sustain.
It’s just as fluid as low paying jobs $17/hr and my friend works 60 hrs a week has a demanding job that she’s up to 12am plus always being available. There is a strong misconception that lower paying jobs aren’t as demanding.
I make $180k and am far happier than I was when I was making $75k. I have enough to pay for a good therapist, nutrition and can afford to take a job I enjoy. I also live in a major city so that money doesn’t go as far as you’d think
I make a bit more than $100k in the bay area. I am fortunate enough that my partner and I own our own home and we are free of major financial issues. However our pay checks do not go very far and we have the bare minimum of furniture and much of everything else. I am okay with that since I am not trying to keep up with the Jones. Still trying to get a better paying job though!
"Enough to pay for a good therapist" 🤔 I'd rather make $75k and have a stronger network (friends, mentors, significant other, business associates) to stimulate my mental health. It's not how much you earn.. it's how much you spend (in my opinion)
What? That's the whole point of money...it's a tool for exchanging things. I don't think many people actually love money itself (although I'm sure there's people who love to see money pointlessly building in their bank accounts).
@@JamesLacher I agree that is true on a basic level. In my case, I definitely meant I was happier. But not always. The money definitely matters, but what I had to do to get to t does too. At one point I left a higher paying position because it was far too draining and compromised my integrity. All those factors are important.
75k/3 = 25k per person. Of course that is not enough. I think we should set a bare minimum of *75k per person* Do you think that if your family make 220k per year would make you happier?
Agree, but then our job is to limit those bills so we can keep that money for ourselves. Society is designed to take money from our pocket via credit cards, membership, subscriptions, new phones and toys , our job is to defend it.
@@Faerieshimmer a bet the average American have 1-2x more unnecessary bills (subscriptions, credit card payments, new car payments, etc) then they have necessary bills (food, water, rent/ house payments, electric, phone bill). Cars are a little complicated because you can easily buy a decent running car for 3-6k no matter where you live. It won’t be pretty, it won’t have a touchscreen and automatically connect to your phone but it’ll get you where you need to go
"money doesn't buy happiness" is a quote too often told by wealthy folks who have a lot of money. but in reality money is a tool that if you have it and manage it well, will have less stress in life and thus will be happy.
me too but i don't want to sell shady training videos, sell on amazon, RUclips, youtube merchandise, etc. i want reliable forms of income that require very little of my input. i can get behind renting out a room(s) in my house, airbnb, etc. also jobs that i can show up to and not have to do much. for example, i currently work security at a contractor who works for the federal government. i show up and stay there and get paid for watching movies.
@@hardrock36 I have a few more years of work to make 75k (hoperfully by then!) and my student loans will be done by then. Nothing is guaranteed, but hopefully I'll be balling!
Rent/mortgage too. The price of accommodation is really getting out of control in any major city. Someone might say don't live in the city but that's where the jobs are if you don't want to commute for 2-3 hours a day.
Well, not exactly. Food, access to best and healthiest resources, opportunity for certain activities and adventures, certain “elite” resources like particular education, and numerous other things are why people wish to make/earn/receive an great amount of money.
Everybody has a different set of values. It’s about having enough money to minimize your stress levels, which is individual to us all. So this is really a case by case answer. I think happiness and money correlate only to a point, then they start to separate.
“Wealth” is determined by net worth, not income. Being “rich” is how your wealth stacks up against your needs. And “happiness” is a measure of mental & emotional contentment. Too many people never grasp this.
I agree but would edit that a little bit to say wealth is determined by net worth relative to spending habits. Who’s wealthier, person with $10m spending $2m a year or a person with $1m spending $50k a year? If they each make an inflation adjusted 5% return on their total wealth, the person with less money never has to worry about a salary.
koba Being sad and having money issues can add to the sadness sending you into depression. For example when stock brokers committed suicide in 08” they already were unhappy but losing the one thing that made life bearable sent them into depression which led to suicide
Well if your happiness is truly depending on money, you simply need to work harder. If your happiness is depending on something else, then go work on that “something”. That’s what people with money mean when they say that.
I want to be rich. Not because money = happiness, but because money = power. And there’s too many people with power and wrong intentions. We need people with power who are driven to positively help society.
Also his parents were medium size business owners selling wine. Dude was middle class and had no financial fears. He could take multiple risks and be fine.
Yeah $70k a year is great, but being dependent on a job for life still basically makes you a slave. You need to make more so you can spend the $70k portion to be happy and save the same amount or more to achieve FI on a reasonable timeframe.
@@michael2275 it mainly falls down on how much you pay for rent and other expenses. Sometimes rent alone is horrible but in my case, i'm living rent free but im in college, so if my husband earned 70,000 a year instead of the 25,000-30,000 he makes, money would never be an issue.
If you have a partner, it is really possible to make 14k together if you have a good job, save 7k and in 15-20 years (maybe at your 50) you can retire easily.
This is a real life example of Maslow'so hierarchy of needs in action. Once your material needs like food, shelter, and health are taken care of, money becomes less important.
and the correlation between money and safety. remember all the rich people left ny right at the start of the pandemic? then they didnt need to worry about unemployment or stimulus checks.
$70k may be ideal for young, non future focused individuals. However, once you take into consideration children, retirement, and healthcare, $70k doesn't seem enough. Especially with people living longer, college tuition, and medical bills increasing.
@@MikaAKAJada Unless they got scholarships and financial aid galore, that doctor (or other professional career that needs at least a master's degree or a doctorate) also has 200K in student loan debt.
In the 1990's, I worked a job, every day, no days off. The company had a legal requirement to "man" a station on an uninhabited island $960/day, camping, fishing, hunting, " A person is rich in the proportion to the things they can do without" My wife and I retired young on a fixed pension, we raise children. Making money is not the same as getting money. I do not want to make more, if it involves working.
I find saving money makes me happy, and gives me a feeling of security. I want to make more, but there is nothing I really want to buy. Does that make sense?
You just haven't explored that part yet, I bet you wouldn't mind using that money to travel the world and meet beautiful ladies or even buy cool tech like electric skateboard or gaming pc
destroyerplayer it’s probably an age thing. I have lived all over the world, in Vietnam now. And I married one of those exotic ladies. Priorities change. Yes, it’s nice to have nice things.
I understand what you’re saying but at the end of the day, spirituality is about dis-identification from the mind and eventually this form as a whole. It means understanding that money has a purpose in this form of life, but no number of dollars can BRING you happiness since true joy/happiness/peace arises from within. At the end of your life, you’re nothing bringing anything you’ve attained in this world with you - therefore, it is important to recognize that money can change the experiences around you but never who you actually are. Yes, I know this sounds like a bunch of baloney that gets your butthole real puckered, but every human will realize this at least on their death bed.
@@Costlyrocket you bring nothing with you at the end, but we're not at the end yet. We're living through the now - which we can be a bit more certain of- in reality unless you're off grid and self sufficient to where money isn't even on your mind.
Roshan Vadera All well and good, but even the time and space and wellness to contemplate these concepts requires some kind of basic minimum of resources. Without food, shelter and good health, where does one even begin?
That study actually attempted to measure two metrics: anxiety related to money (maybe subsequently regarded as "unhappiness"), and life satisfaction. People felt much more financially secure after 75k (that is, less unhappy and anxious about putting food on the table tomorrow), but there was no such drop off for salary increases over 75k. Generally, people seemed to report being much closer to the "best version" of themselves when they had more money, and were able to (one might imagine) do things like start a business, travel, give generously, etc. This was spelled out very clearly in the conclusion of the study, and this story (and, honestly, a disappointingly large number of subsequent studies) is/are premised on a faulty reading of that conclusion.
We are a family of four living on 40k a year and we are able to pay our bills and eat. That’s about it. It sure would be nice to be able to do a bit more like travel or go to an amusement park every now and then. I couldn’t even imagine making $75k. That would be a dream!
If you can accomplish it. A lot of snake oil dream sellers out there take advantage of that desire. You’ll see MLM sellers spending money to keep a job they’re making nothing at because they’re on the bottom of a pyramid , along with not having ANY benefits (like Health, 401k matches, etc). You’ll see people selling classes on ‘Millionaire Mindsets” for $500+ promising that you can become rich but purely willing it with your thoughts (taking Manifestation extremely out of context). Other might pick all the right things - investing, real estate, online sales, etc and still not succeed at it. Usually, you also need to start at the a job. And, for some, owning something their own isn’t their goals - they know they’d be bad at it and all good entrepreneurs know they’ll have to hire people so not everyone can own something their own, without that ownership (including being landlord) that greatly limits your multiple streams. It is easy to say we should all have them, but it isn’t as easy said as it is done. I’ve seen many in my home town try and fail, even when doing everything I did - it’s not universal.
You are also working everyday to put money in your pocket. Even if you own a business for years you still might not make money. Dont knock 9-5s. They pay business owners bills
Multiple streams of stress and bankruptcy is more like it. I’ll take my flexible “9-5” remote job over my old business any day. I’d rather take the chance of getting laid off and having to look for a job every few years than the certainty of getting fired by clients and having to look for new ones all the time. I don’t mind making my boss’s boss rich as long as I’m making plenty myself. He takes the risk and more power to him. To each their own though. Do what makes you happy.
I grew up poor when I was a kid. I remember my family financially struggling and sometimes we did not even have money to pay the water or electric bill. I make roughly $55k per year in Columbus, OH. I live decently. I don't worry about money anymore. Can I afford gas this week to go to work? Money does not make me happy, but it has made my life easier if I bring $600 after takes every week after taxes.
Wow making 55k in Columbus. Best i made was $10,500 in that city. I got 2 jobs in Detroit & was killin it tho. Columbus is a fake city with lots of fake ppl in it!
Exactly. I grew up poor too & being poor is a miserable worrisome existence. I make around the same & am also living decently. Don’t forget to save though!
@@BRBallin1 Only because higher paying jobs are more stressful. If you want to reach financial independence, then the more you earn, the faster you will get there.
God is so good. This makes me think of how I resigned from my corporate job last year because I was so depressed and unhappy. I made great money and had a life that I was more than content with. However, I left that job over a year ago and I’ve still been able to freelance and pay my bills AND SAVE. I wasn’t living outside of my means then so I’ve been able to maintain and most importantly, I have immense peace and I’m no longer depressed over work!
What makes me happy is being able to take care of the people I love. Making money so that they have a roof over their heads, good healthcare, and great life experiences has made me work hard. I once had a dog who got hit by a truck and had brain damage. Between the emergency vet, around the clock vet care for a couple weeks, and rehab cost about $10,000. Then lived for another 13 yrs after she became stable and was spoiled with so much love. That's why I was glad I worked like crazy to save beforehand.
That was my plan but now I have burnout half way in as well as other mental issues like sleep apnea which raises medical bills. Don't be miserable. Don't fall into abuse by your supervisors.
Being healthy is most important, cause if you’re healthy, then u give yourself the opportunity to make more $ and enjoy that $, no matter where u start
I’ve been made as much as 350k a year and as little as sleeping in my aunts spare room with my entire family. I’d choose rich every time. Gary V’s words hit home “spend money where you genuinely appreciate it, not just trying to position to the next opportunity”
Ive been very poor as a child and through college, then got very rich while married, and now consistently upper middle class income and lifestyle. Ive been through the spectrum and I was much happier internally during my leaner times than during my 'rich' phase. Am very happy now, and proud of accomplishments I've made. The key to happiness is WHO you surround yourself with, and your inner sense of pride on who you are and what you are doing.
Sara Wilcker It’s short term happiness... Compare to when you try Mc Donald’s for a first time as a kid, it tastes awesome when you’re like 5 years old, but when you have been eating it for 10yrs, it’s not that exciting taking a bite into a Big Mac at 15 yrs old.. is it?
I'd be happier with less money if I had the security that it'll always be there. Anytime I have a salary bump I'm happy but also conscious that I can't let it sharply increase my expenses because it can get taken away at any second. Maybe it's the legacy of growing up poor and seeing multiple times how the "good times" could abruptly end.
my father he’s neuroradiologist surgeon and makes about 600k and we use his money properly and traveled to 70 best countries but i know a business man that makes 20 million but he’s always anxious and haven’t travelled yet...
@@michael2275 there are many people around the world who has money but not freedom nor happiness, for instance a well paying job which doesn't bring you happiness nor freedom!
I'm a war veteran and I really like the stocks market, you make money at your own pace but I do however have problems with market volatility and in particular getting stopped out during news events which I hold my hands up and say ahh I do not really follow. I want to start however and wondered which are the most important ones? Or what do you invest in?
@@whatiknowisthis7133 I've my my funds diversified across various securities not just on stocks assets inclusive of recently crypto mining. I don't make this picks myself. I use trade signals from a broker Paul Helfer. He is CPAs and FINRA regulated. You can check him out online.
If you base your happiness on anything other than yourself then you’ll never be happy. Being happy is being happy through everything life throws at you not just when good things happen to you.
I think it really depends on how you manage your money. If you are constantly broke and have a lot of debt, it doesn't matter how much money you earn, as it is your lifestyle choices that influence your happiness. If you are constantly on the poverty line and making decisions about food or gas, then that has a huge influence on you feeling of security and safety which of course will affect how you view life. We can get by with less. For people that earn a decent salary, we can make life about less stuff and more about quality time.
Would your spouse stay home or would you need child care? ~$100k per kid for college Saved over 20-years for 2-kids. $10,000 per year college savings. $20,000 per year for daycare or spousal support. $24000/year house payment to give them bedrooms. $24000/year healthcare. $78,000/year already.
The honest truth is, of my childhood friends, everyone is a multi-millionaire, I'm the "broke" one in the group. We all grew up broke and made our way and without exception EVERYONE said they were happier with a lot less. This is how it was explained to me: "imagine being able to buy anything you ever wanted without thinking about it. Everything is essential "free" because you don't think about it because it's not going move the bank balance in anyway that I'm going to feel. So nothing has value, when it doesn't have value, you don't appreciate it." I'm understanding that now.
We love the freedom that having money offers. To worry about money is a huge burden no one deserves. So yes, money makes happy,because freedom is happiness.
Being selfless when you make it says A LOT about your character. Bravo to Mr. Price, he’s so inspiring. We can all be equals regardless of the salary attached to our names.
Money buys security and that makes me happy. We have enough to live in a safe neighborhood, in a nice townhouse. We have enough to pay for a car repair, without worrying how that payment might affect our lives. We have enough for good health insurance and can sleep at night knowing a broken leg won’t bankrupt us. Money can buy a safety net so that we can enjoy our lives. We have also not had money, and now, at about $115K (before taxes), we ARE happier!
I am currently making about 52k and I just started with this salary beginning of January, but with more money..., more problems. I’ve been working everyday and hardly get days off cause I don’t want to fail and feel guilty taking days off but I got so burnt out, i did a no call no show and every early morning my mind immediately thinks about work causing it to think a million things at once. Really got to me mentally that I broke down. Rn, my bosses saw and heard how I’ve been lately, so I’m currently taking some time off but I still think about work everyday.
I'm was on $30k 5 years ago, got up to $1m, now back to $300k after covid19. I can tell you I was happiest when making the most money because you can buy whatever and whenever. No stress about buying anything. Now I got to go back to thinking twice before buying anything
A very simplistic video for a very complex topic. This video gaslights the experiences of so many folks. Money doesn't bring happiness per say, but neither does debt, inability to purchase food, a car or even the "experiences" being advocated in the video. Try having more bills than money, most months, whilst working really hard... and we'll how quickly these experts opinions would change.
As a student in South Africa that works to settle the bill at home...i can tell you being broke is the worse thing forget happiness but the pain of seeing your lil bro wear worn out shoes so I hope to experiment and see if making money won't bring a lil happines or comfort
Money can eliminate the stuff that causes stress and anxiety in your life though. For example if you didn't have to work for a living then you wouldn't have to worry about the stress and anxiety around working for a living.
words if someone who doesn't really work for a living. i had a friend like you who was born in canada and his dad started several shops like Indian grocer, pizza shop, liquor store, etc. and this guy would only work there for a few hours everyday just to give his dad some time to go home to freshen up. they would act poor by not showing off but they had a huge house that was almost paid off and nice cars. and we went to university together. and even while working the office job, he wasn't worried because his job was a status symbol, it didn't pay any bills except his own. and he would talk just like you.
Happiness comes from within, most people who aren't happy with their 20k income will never be happy. I make like 20k a year lol or what people call "poverty level", I pay my schooling, live by myself and don't have other expenses. I live a good life, I enjoy going to work and them coming back home and doing my homework. Am I tired? Yes, but I have to sacrifice if I want to move up. Be content with what you got but always strive for more but if you ain't happy now, you'll never be happy. Change my mind.
For me, it’s not even the amount of money. It’s more about what I’m doing with my time to earn that money. So if I’m making tonnes of money but I hate the job, then I actually would rather get paid less doing what I want with my time. Of course, I’d like to make enough to have my basic needs, which really isn’t a lot. A roof over my head, enough food and being able to do things I like. That’s enough. So whatever that amount is for you, that’s your perfect salary.
You guys don't get it. "Happiness" is an esoteric question to people who grew up with money because they never had to starve or understand what it was like to have rotten teeth or an infection but no money for basic medical service. You don't understand what money actually when you've never had grow up not knowing if you're going to make it to tomorrow because money wasn't there.
Something Ive noticed. Healthier habits lead to happier people. The less someone has to worry about their basic needs, the more they can think about their own health. Thats why you always see people jogging in affluent areas. More money = less worries Less worries = healthier lifestyle = happier people?
Bro I make like 15k a year while being a student. I feel like all I need is 40k a year to be comfortable. 75k seems like alot of money but I guess it depends on where you live and your life style. I don't eat out and stay home most of the time so I save most of the money I earn. Right now I have no student debt and a payed off beater car. I'm kinda poor but im happy.
I think it really matters where you live. I make 70 now and it’s definitely enough to be comfortable but I’m trying to save to buy a house in Golden, CO and if I made 40, that goal would be wayyyy farther out than it is now with the house prices here. I also lived comfortably while a grad student making about 20k but was not planning for future costs. You also have to eventually start saving to retire and live off for 30+ years so a lot of that extra salary goes into that.
It’s human nature to always want more. The more we make the more we spend. Money comes and money goes but health is what I want so I can provide for my family and enjoy their company. Remember, when your times up the only thing you take are the memories you made. ✌🏼
Let's do some math, $70K-$24K std deduction = $46K- $6K IRA=$40K Fed tax= ~4400/yr, two kids$4K tax credit, $400/yr taxes maybe $400/mo mortgage $4000/mo take home is not beans and rice.
I don’t want to be rich, I just don’t want money to be a problem.
This.
I don't need to be rich, I just don't want money to be a problem.
For me, I dont need to be rich. I just want to be able to go to the grocery without having to check the prices (like to be concerned that i cant afford it or it will affect my budget)
Or im able to travel/vacation without stressing missing days from work to pay rent.
I kinda have the same thing, I dont want (not that their is a choice and big chance of happening) to make millions of dollars and have 10 villa and a privat jet and having a bodyguard. I’d rather have a good salary (like 10k-20k) a month, its still a lot but not millions.
i dont care about money per say i want freedom of movement
Having money isn't everything, but not having it is.
Well said
Good life - Kanye West🤝
Money isn't everything, money is the only thing.
BIG Facts! I’ve been in both positions in my life, and I tell this my wife who grew up comfortable all the time. Having no money, money is all you worry and think about. Having a decent amount of money saved, and a solid income every month eliminates those worries which in turn makes like way more enjoyable!!
thanks kanye
money doesn't buy happiness directly but it does buy security, access to wellness and better living standards, and peace of mind. so in a round about way, it can totally buy happiness.
I don't think they are saying money doesn't generate happiness. Their point is that beyond a certain limit, more money doesn't add much to your happiness level
But then why are alot of rich people not happy? I mean why do so many high earners sniff cocaine, some will even take sleeping tablets! Alot are in prozac, On the other side of the scale, people with little money living simple lives are so much content with what they have. I've seen it my self in small villages in Morroco
Summary making 80 - 120k a year will def make you happy, anything above that does buy more security but genuinely speaking you won't be happier. Your relationships and having a purpose in life I feel like are truly what make someone happy.
@@17zubs Because usually in order to become very rich, other areas of your life need to be sacrificed. The super-wealthy are working non-stop and so relationships, friends, family, socializing etc.. all become a 2nd priority. Also, usually, somebody earning more money also has a lot more responsibility that comes along with it. More stress, anxiety etc... all leading to reduced happiness.
money doesn't buy happiness but it buys out things that make you unhappy.
I’m a single woman and don’t have kids or a boyfriend or friends... I save 40% of my income and treat myself to good food and traveling. I am VERY HAPPY. I lost my job in 2020 and was still able to pay bills and pay debt because of how much I save.
I might be lonely but that’s ok, I can go anywhere I want and leave jobs I hate because I don’t have any commitments keeping me anywhere.
same here but the lonliness is eating me alive and I am a big introvert
@@beautepley8352 how can you say that you are an introvert?
@@JoliAwo ! I know, right
Having people you care about and people that care about you can be very fulfilling.
I would suggest finding activities that you are passionate about and engaging in them with other people.
I understand that other people can be exhausting and puerile at times, you just need to choose wisely.
@@beautepley8352 What are the characteristics and behavior of a person to be considered as an introvert?
Imagine making $1.1m a year and giving it up for those who work FOR you. That's not a decision made lightly, I'm sure, and it's very admirable.
I mean his official salary is that much I’m sure her spoke with a finical advisor and invested all his money so he still effectively makes that much. The rich get richer, and you can’t just stop being a millionaire one day unless you’re retiring which doesn’t really make you a millionaire.
I think that his company grew because of it. His employees were more loyal.
He owns the company. With capital appreciation of stocks, you pay way less taxes than with a salary. Warren Buffett does much the same, relies on capital appreciation of his assets rather than a salary, which he fixed at 100k since the 1960’s. If I owned a fast growing company and had staff, I would do the same (less turn over, happier more productive team etc) and consider it a long term flex that will increase my wealth more in the long term.
Using a 3-5 time ebidta he’s worth hundreds of millions. He doesn’t give stock options you dimwit. 0 piece of the action. 70k minimum wage for tech lol
That's why we say tax the rich 🤷🏾♂️, anything over a billion dollars. The CEOs can just give it up BUT that's the trick! That's why bezos and elon are in control. If they raised their workers minimum wage to $50k no matter the role. Mannnn job market will SHIFT and general public incomes.
True. You can make a lot of money and hate your job. But I’d rather make $500k and hate my job that $15/hr and hate my job 😂
Good.Energii no, you live long enough, you will realize that that’s incorrect. Are used to make $12 an hour as a pharmacy technician, working with pharmacy does that make $120,000, and they were unhappy. They would show up to work, and be ready to go home right away. They were unhappy with all that money. You wake up every morningTo go to work, you don’t wake up every morning to count money.
@@abc-ei3ik 120k/year is a long way away from 500k/year...
Yes, you can hate your job and with that 500k but after some few years, you can lanch a startup or own a business or even do do job you enjoy with less money cause you already have your life covered,
a hate job at $500k is an extremely stressful job where you have a hard time sleeping at night. you can't compare that to $15/hr where you go home not caring what happens next. you said job not career. if you are making 500k and you hate it, you won't survive a year at that place.
That’s fair, but you’re not going to make $500k a year working 40 hours a week. Gonna have to bump that up to 50-60. So you hate your job and you have to spend 50% more time at your job.
I don’t want to be rich. I just want to be comfortable, environmentally friendly, and debt free
yes, that's true
Jeaninn Alexis ooo this spoke to my soul 😤🙌🏽
environmental friendly lmao. are u a product?
Jason Chow what do you mean by “are u a product?” 🤔🤨
Well said 👏👏👏
I think true happiness is being able to do whatever you want with your time. You can have a great salary but never enough time to enjoy it.
Exactly!!! To make money while coming and going as I please.
This is my issue at the moment, my work hours are terrible and I wish I had more time to do things I'd like to do, like spending time with family.
people had limited need and unlimited want... we just had to learn to be happy... it all in the mind...
The problem is you need money to pay for living expenses while you do whatever you want.
I got all the time and no money
"Giving your money away makes you happy".
If anyone wants to get happy - I'm available 😊
me, too. Sign me up..haha
me too ha haa
Actually it does, even tho I don’t make that much right now. I help my family financially and send them some monthly. I am always happy on the day I send them money.
Higher salary comes at a cost which typically involves: 1) doing more work, 2) accepting more responsibilities, 3) taking on more stress, and 4) accepting less personal time.
So while having a higher salary might increase happiness, it might also decrease it at the same time leading to wash. Therefore, you need to find the perfect balance that you can sustain.
It’s just as fluid as low paying jobs $17/hr and my friend works 60 hrs a week has a demanding job that she’s up to 12am plus always being available. There is a strong misconception that lower paying jobs aren’t as demanding.
What’s the perfect balance doctor? 👨⚕️
Money doesn't buy you happiness
But poverty can't buy you ANYTHING!
Well said!!!!
And crying in a Mercedes is better than crying in a bus
Well said man
Best line ever. I'll use it when someone tells me money isn't everything lol
say it again for the people in the back.
I make $180k and am far happier than I was when I was making $75k. I have enough to pay for a good therapist, nutrition and can afford to take a job I enjoy. I also live in a major city so that money doesn’t go as far as you’d think
I make a bit more than $100k in the bay area. I am fortunate enough that my partner and I own our own home and we are free of major financial issues. However our pay checks do not go very far and we have the bare minimum of furniture and much of everything else. I am okay with that since I am not trying to keep up with the Jones. Still trying to get a better paying job though!
"Enough to pay for a good therapist" 🤔 I'd rather make $75k and have a stronger network (friends, mentors, significant other, business associates) to stimulate my mental health. It's not how much you earn.. it's how much you spend (in my opinion)
@@thefactsmatter9741 Why are you assuming everyone has a support system? Some people are truly alone so a therapist is the best way to go for them
@@thefactsmatter9741 I think you're underestimating just how much of a difference a good therapist can make.
@@thefactsmatter9741 Friends will betrayed you once they get the perfect chance to strike
I don't love money. I love what money gives me access too. Remember that kids.
Well said bro
I'd argue that's the same thing. Go more into depth
Exactly ima be going on cruises, visit family, save for my kids
What? That's the whole point of money...it's a tool for exchanging things. I don't think many people actually love money itself (although I'm sure there's people who love to see money pointlessly building in their bank accounts).
Lol that is what money is .... horrible comment 😂😂😂😂😂
At 75k with a family of three, we felt like we were struggling. Once we were well over 100k everything felt easier.
Easier and happier are different
@@JamesLacher I agree that is true on a basic level. In my case, I definitely meant I was happier. But not always. The money definitely matters, but what I had to do to get to t does too. At one point I left a higher paying position because it was far too draining and compromised my integrity. All those factors are important.
Agreed. There are some states where there is no way 75k is enough to raise a family comfortably.
75k/3 = 25k per person.
Of course that is not enough.
I think we should set a bare minimum of *75k per person*
Do you think that if your family make 220k per year would make you happier?
@@Commievn great point actually. Yes I do. When I do the math 200k is the right number to not worry about money and to invest for the future.
“Don’t focus on the paycheck” is something said by those that don’t have to choose what bills to pay each month…just sayin 🤷🏾♂️
Agree, but then our job is to limit those bills so we can keep that money for ourselves. Society is designed to take money from our pocket via credit cards, membership, subscriptions, new phones and toys , our job is to defend it.
I agree. Having more than enough money to provide for needs and more allows one to free up the stress of not affording Bare necessities
@@persepolis80 You can’t limit bills they need to be paid or things are shut off or you’ll get evicted
@@Faerieshimmer a bet the average American have 1-2x more unnecessary bills (subscriptions, credit card payments, new car payments, etc) then they have necessary bills (food, water, rent/ house payments, electric, phone bill). Cars are a little complicated because you can easily buy a decent running car for 3-6k no matter where you live. It won’t be pretty, it won’t have a touchscreen and automatically connect to your phone but it’ll get you where you need to go
@@Faerieshimmer I think she means credit cards,new phones, toys, things you don't truly need.
"money doesn't buy happiness" is a quote too often told by wealthy folks who have a lot of money. but in reality money is a tool that if you have it and manage it well, will have less stress in life and thus will be happy.
You can have a million dollars and still be depressed. But have no money and be depressed is even worse. Cause a psychologist/meds cost money.
@@krulkrulle6588 if you have money you pay for support if you broke you less luckly to get help? Which mean sucied increases.
Money can help solve a lot of problems. But some problems either can't be solved or you have to solve them on your own.
I just want to make enough to get Guacamole on my Chipotle order.
Double guac
Robert W 😂
Just be thankful you can afford Chipotle in the first place!
order it without meat and you get guac included at no additional cost.
Yea but soon enough youll be going ill thinking you can have meat AND quac... What a crazy thought
I don't want a salary I want passive income.
You understand how real wealth is created
THIS! I want to be asset rich
I want passive income and a salary 😁😋🔥
me too but i don't want to sell shady training videos, sell on amazon, RUclips, youtube merchandise, etc. i want reliable forms of income that require very little of my input. i can get behind renting out a room(s) in my house, airbnb, etc. also jobs that i can show up to and not have to do much. for example, i currently work security at a contractor who works for the federal government. i show up and stay there and get paid for watching movies.
Ahh you got caught in the trap🤦♂️
'Gurus' selling dreams with their ponzi schemes
if youre making 75k a yr and have no debt, youre ballin
I'm balling 😁
@@hardrock36 I have a few more years of work to make 75k (hoperfully by then!) and my student loans will be done by then. Nothing is guaranteed, but hopefully I'll be balling!
DEBT is why people feel they need to make a certain amount. Salarying is important but debt determines everything
Rent/mortgage too. The price of accommodation is really getting out of control in any major city. Someone might say don't live in the city but that's where the jobs are if you don't want to commute for 2-3 hours a day.
Well, not exactly.
Food, access to best and healthiest resources, opportunity for certain activities and adventures, certain “elite” resources like particular education, and numerous other things are why people wish to make/earn/receive an great amount of money.
Everybody has a different set of values. It’s about having enough money to minimize your stress levels, which is individual to us all. So this is really a case by case answer. I think happiness and money correlate only to a point, then they start to separate.
Money cant buy you happiness, but it can lessen the things that takes happiness away.
Where ever you go there you are
@Evop Fx ok, gotta admit, you got me there. I don t have jetskies. ☹
Good point
This probably is the best explanation to the money and happiness question. Thank you very much.
“Wealth” is determined by net worth, not income. Being “rich” is how your wealth stacks up against your needs. And “happiness” is a measure of mental & emotional contentment. Too many people never grasp this.
This Is good
Amen brother!
it is the Church sacraments makes us spirtually happy
I agree but would edit that a little bit to say wealth is determined by net worth relative to spending habits. Who’s wealthier, person with $10m spending $2m a year or a person with $1m spending $50k a year? If they each make an inflation adjusted 5% return on their total wealth, the person with less money never has to worry about a salary.
true af man.... really well said
I mean to me it’s simple, if I’m going to be sad. I’d rather be rich and sad than poor and sad.
It's much more fun to be bored if you have money
I've never understood this kind of statement. Why does it make a difference how much money you have if you're equally sad?
koba Being sad and having money issues can add to the sadness sending you into depression. For example when stock brokers committed suicide in 08” they already were unhappy but losing the one thing that made life bearable sent them into depression which led to suicide
@@SFSFNoautographs exactly!!
I wouldn't want to be sad period. I can handle being poor and happy, being poor sad is defeating.
Yes , millionaire and billionaires may be lonely. But I'd rather be lonely in Bali than my parents house.
If you had a pistol in your mouth, would you feel better if it was plated in gold?
@@Bloated_Tony_Danza yes, I would
Please ur facebook
Bali for the win! 🏆
@@mnkatherine 🤣🤣🤣🤣🤣
“Money doesn’t buy happiness”
-Someone with money 🙄🙄🙄
-Someone with money, that has significant (or absurd) lifestyle creep
I've been broken and not broke and they are right. Lol 😅😅
I literally just said the same thing
Money provide options and also allow choice lifestyle rather than trying to make money whole life just to get some limited options..
Well if your happiness is truly depending on money, you simply need to work harder. If your happiness is depending on something else, then go work on that “something”. That’s what people with money mean when they say that.
I want to be rich. Not because money = happiness, but because money = power. And there’s too many people with power and wrong intentions. We need people with power who are driven to positively help society.
Power corrupts. And the fact that you want to have power over others is a bit scary.
"You're more likely to be happy if you don't have money" ok then donate most of your money to charity Gary 😒
Also his parents were medium size business owners selling wine. Dude was middle class and had no financial fears. He could take multiple risks and be fine.
R SANTOS omg his parents were middle class no wonder why he’s a millionaire.
Maybe he doesn't want to be happy
@@imurpapa8120 omg being middle class gives you an advantage. So surprising 🙄
🤣🤣🤣🤣
I’d rather focus on being financially independent
Agree
Yeah $70k a year is great, but being dependent on a job for life still basically makes you a slave. You need to make more so you can spend the $70k portion to be happy and save the same amount or more to achieve FI on a reasonable timeframe.
exactly that 75k job might not be there with situations like this.
@@michael2275 it mainly falls down on how much you pay for rent and other expenses. Sometimes rent alone is horrible but in my case, i'm living rent free but im in college, so if my husband earned 70,000 a year instead of the 25,000-30,000 he makes, money would never be an issue.
If you have a partner, it is really possible to make 14k together if you have a good job, save 7k and in 15-20 years (maybe at your 50) you can retire easily.
Wow. That CEO is a hero. Seriously. God bless him.
Virtue signaling trust fund baby trying to relieve his guilt for being privileged.
This is a real life example of Maslow'so hierarchy of needs in action. Once your material needs like food, shelter, and health are taken care of, money becomes less important.
I think Coronavirus has shown that there is a definite correlation between money and happiness.
👏🏽👏🏽👏🏽👏🏽👏🏽👏🏽👏🏽 regardless of how anyone wants to spin it!
and the correlation between money and safety. remember all the rich people left ny right at the start of the pandemic? then they didnt need to worry about unemployment or stimulus checks.
No it doesn’t. It’s all about perspective. I make less now because of shutdown and My happiness is the same as before
Hm... I make the same or slightly more and am less happy.
@@maeudaou7347 blah blah, give me some of your money if it’s not making you happy then
$70k may be ideal for young, non future focused individuals. However, once you take into consideration children, retirement, and healthcare, $70k doesn't seem enough. Especially with people living longer, college tuition, and medical bills increasing.
Then don’t waste your money at college
Exactly.
Very true.
Some people make 200k+ their first year coming out of college so let’s not say that.
@@MikaAKAJada Unless they got scholarships and financial aid galore, that doctor (or other professional career that needs at least a master's degree or a doctorate) also has 200K in student loan debt.
I don’t think anyone will be truly happy by how much they make! Everyone ALWAYS wants to make more!!
Can you be happy with what you make..yet still want more? Is that an oxy-moron? Haha
I'm not where i want to be. But I'm proud I'm not where i used to be.
Sadly, this is a very American value... :( Wish the US didn't care as much.
Well since Bills and everything keep getting more expensive every year we need more money every year just to stay a float
In the 1990's, I worked a job, every day, no days off.
The company had a legal requirement to "man" a station on an uninhabited island
$960/day, camping, fishing, hunting,
" A person is rich in the proportion to the things they can do without"
My wife and I retired young on a fixed pension, we raise children.
Making money is not the same as getting money.
I do not want to make more, if it involves working.
I find saving money makes me happy, and gives me a feeling of security. I want to make more, but there is nothing I really want to buy. Does that make sense?
Great for you I am a shopoholic germaphobe always wasting money
You just haven't explored that part yet, I bet you wouldn't mind using that money to travel the world and meet beautiful ladies or even buy cool tech like electric skateboard or gaming pc
destroyerplayer it’s probably an age thing. I have lived all over the world, in Vietnam now. And I married one of those exotic ladies. Priorities change. Yes, it’s nice to have nice things.
@@justinbeghly1435 It could be, I would advice to check your testosterone that has a huge impact on your outlook on life
Makes total sense.
Having money isn’t everything. But when you dont have it - it is everything
I JUST WANT TO BE COMFORTABLE. CURRENTLY UNEMPLOYED DUE TO COVID AND IT SUCKS BUT IM ALIVE🙏
You got this. ♥️
NICE
I admire all the spiritual people out there, but at the end of the day, 'zen' doesn't pay the bills.
I understand what you’re saying but at the end of the day, spirituality is about dis-identification from the mind and eventually this form as a whole. It means understanding that money has a purpose in this form of life, but no number of dollars can BRING you happiness since true joy/happiness/peace arises from within. At the end of your life, you’re nothing bringing anything you’ve attained in this world with you - therefore, it is important to recognize that money can change the experiences around you but never who you actually are. Yes, I know this sounds like a bunch of baloney that gets your butthole real puckered, but every human will realize this at least on their death bed.
I saw you comment on something last week and I commented on one of ur videos
@@Costlyrocket you bring nothing with you at the end, but we're not at the end yet. We're living through the now - which we can be a bit more certain of- in reality unless you're off grid and self sufficient to where money isn't even on your mind.
So true. And watching people around you struggle is no fun either.
Roshan Vadera All well and good, but even the time and space and wellness to contemplate these concepts requires some kind of basic minimum of resources. Without food, shelter and good health, where does one even begin?
That study actually attempted to measure two metrics: anxiety related to money (maybe subsequently regarded as "unhappiness"), and life satisfaction. People felt much more financially secure after 75k (that is, less unhappy and anxious about putting food on the table tomorrow), but there was no such drop off for salary increases over 75k. Generally, people seemed to report being much closer to the "best version" of themselves when they had more money, and were able to (one might imagine) do things like start a business, travel, give generously, etc.
This was spelled out very clearly in the conclusion of the study, and this story (and, honestly, a disappointingly large number of subsequent studies) is/are premised on a faulty reading of that conclusion.
We are a family of four living on 40k a year and we are able to pay our bills and eat. That’s about it. It sure would be nice to be able to do a bit more like travel or go to an amusement park every now and then. I couldn’t even imagine making $75k. That would be a dream!
The Key word here is "salary!" You are still working everyday to make someone else rich! Multiple streams of income is true "peace of mind!"
If you can accomplish it. A lot of snake oil dream sellers out there take advantage of that desire. You’ll see MLM sellers spending money to keep a job they’re making nothing at because they’re on the bottom of a pyramid , along with not having ANY benefits (like Health, 401k matches, etc). You’ll see people selling classes on ‘Millionaire Mindsets” for $500+ promising that you can become rich but purely willing it with your thoughts (taking Manifestation extremely out of context). Other might pick all the right things - investing, real estate, online sales, etc and still not succeed at it. Usually, you also need to start at the a job. And, for some, owning something their own isn’t their goals - they know they’d be bad at it and all good entrepreneurs know they’ll have to hire people so not everyone can own something their own, without that ownership (including being landlord) that greatly limits your multiple streams. It is easy to say we should all have them, but it isn’t as easy said as it is done. I’ve seen many in my home town try and fail, even when doing everything I did - it’s not universal.
You are also working everyday to put money in your pocket. Even if you own a business for years you still might not make money. Dont knock 9-5s. They pay business owners bills
Multiple streams of stress and bankruptcy is more like it. I’ll take my flexible “9-5” remote job over my old business any day. I’d rather take the chance of getting laid off and having to look for a job every few years than the certainty of getting fired by clients and having to look for new ones all the time. I don’t mind making my boss’s boss rich as long as I’m making plenty myself. He takes the risk and more power to him. To each their own though. Do what makes you happy.
The problem with that logic is that at the end of the day money is fiat and is only useful if the people say it is i.e. Sea shells were once currency.
@@frankjennings4489 I think OP was referring to stock trading and property management.
I grew up poor when I was a kid. I remember my family financially struggling and sometimes we did not even have money to pay the water or electric bill.
I make roughly $55k per year in Columbus, OH. I live decently. I don't worry about money anymore. Can I afford gas this week to go to work?
Money does not make me happy, but it has made my life easier if I bring $600 after takes every week after taxes.
Wow making 55k in Columbus. Best i made was $10,500 in that city. I got 2 jobs in Detroit & was killin it tho. Columbus is a fake city with lots of fake ppl in it!
@@williscurry6557 100k in cali here bros im not happy!!!
Exactly. I grew up poor too & being poor is a miserable worrisome existence. I make around the same & am also living decently. Don’t forget to save though!
Happiness doesn’t plateau at $75k. That research doesn’t hold water. Happiness is about experiences. More money buys you more experiences.
I’d argue that $125k is where it plateaus
@@BRBallin1 Only because higher paying jobs are more stressful. If you want to reach financial independence, then the more you earn, the faster you will get there.
God is so good. This makes me think of how I resigned from my corporate job last year because I was so depressed and unhappy. I made great money and had a life that I was more than content with. However, I left that job over a year ago and I’ve still been able to freelance and pay my bills AND SAVE. I wasn’t living outside of my means then so I’ve been able to maintain and most importantly, I have immense peace and I’m no longer depressed over work!
Amen. It's possible to have both peace and abundance.
Amen. Praise God!
best thing that ever happened to me is being RN
now at 34 i make 6 figure salary .. its nice to have money !!
What makes me happy is being able to take care of the people I love. Making money so that they have a roof over their heads, good healthcare, and great life experiences has made me work hard. I once had a dog who got hit by a truck and had brain damage. Between the emergency vet, around the clock vet care for a couple weeks, and rehab cost about $10,000. Then lived for another 13 yrs after she became stable and was spoiled with so much love. That's why I was glad I worked like crazy to save beforehand.
I think I’ll be pretty satisfied at $100 billion.
😐
Same
😂
The probability that you’ll get addicted to some terrible habit would go through the roof if you just woke up with a billion dollars tomorrow
“Always remember, money isn’t everything-but also remember to make a lot of it before talking such fool non-sense.” -Earl Wilson
agree
Work at a miserable high paying jobs for 10 years, invest, then get out and be happy.
You can have a fun high paying job for 10 years, invest, then get out and be even happier.
That was my plan but now I have burnout half way in as well as other mental issues like sleep apnea which raises medical bills.
Don't be miserable. Don't fall into abuse by your supervisors.
Im Davis - Personal Finance, Career, & Wealth Tips tell me which job pays over 80k and is fun?
I wouldn’t advise people to be miserable for 10 years. It’s not realistic or even healthy.
@@amdl270 THIS
Being healthy is most important, cause if you’re healthy, then u give yourself the opportunity to make more $ and enjoy that $, no matter where u start
The problem is that it takes many years to become rich. And the older we get, the higher the likelihood of having health problems.
I’ve been made as much as 350k a year and as little as sleeping in my aunts spare room with my entire family. I’d choose rich every time. Gary V’s words hit home “spend money where you genuinely appreciate it, not just trying to position to the next opportunity”
"I don't have that type of richness, my richness is life, forever" - Bob Marley
Long as you are healthy and have people around you that love you. You'd be the happiest person.
“When you say rich, what do you mean?[...]Possessions make you rich? I don’t have that type of richness. My richness is life, forever”
And he was rich in many ways
Nobody lives forever
I'd rather be crying into Egyptian cotton than a rag...
A Hoosier On The Run- Travel Vlog 😂
gold digger
@@JasonChowTV shut up Jason
Good point. Imagine the money you’ll save by washing that Egyptian cotton instead of buying disposable tissues!
Than a rag ☠️😂☠️😂☠️😂☠️💯💯💯
Ive been very poor as a child and through college, then got very rich while married, and now consistently upper middle class income and lifestyle. Ive been through the spectrum and I was much happier internally during my leaner times than during my 'rich' phase. Am very happy now, and proud of accomplishments I've made. The key to happiness is WHO you surround yourself with, and your inner sense of pride on who you are and what you are doing.
A salary is just the drug they give you when they want you to give up on your dreams. - Kevin O'Leary
'If money can't buy happiness, then why is it so fabulous?'
- Poppy
Sara Wilcker It’s short term happiness... Compare to when you try Mc Donald’s for a first time as a kid, it tastes awesome when you’re like 5 years old, but when you have been eating it for 10yrs, it’s not that exciting taking a bite into a Big Mac at 15 yrs old.. is it?
Hey please ur facebook
@@paulsz6194 Money buys you freedom. Freedom to pursue real happiness. Being tied to a job all day makes it harder to pursue real happiness.
"Money doesn't buy happiness, but it's easier to be happy with Money".
Wow I wish this was a whole documentary! This is so interesting
yea id watch it too
Happiness = Opportunities and choices 😊🙌🏽
I'd be happier with less money if I had the security that it'll always be there. Anytime I have a salary bump I'm happy but also conscious that I can't let it sharply increase my expenses because it can get taken away at any second. Maybe it's the legacy of growing up poor and seeing multiple times how the "good times" could abruptly end.
my father he’s neuroradiologist surgeon and makes about 600k and we use his money properly and traveled to 70 best countries
but i know a business man that makes 20 million but he’s always anxious and haven’t travelled yet...
Being content with what we have is true happiness. We shall also aim for higher accomplishments.
Money can buy comfort but not happiness.
Happiness is from within, it's priceless ❤️
Love this comment!
Money buys freedom and options. Freedom and options are highly correlated with happiness... don't be so naive.
@@michael2275 there are many people around the world who has money but not freedom nor happiness, for instance a well paying job which doesn't bring you happiness nor freedom!
@Harshit Kapoor how do you afford a smart phone and internet at 50 dollars per month? I would appreciate how if u can share your secrets
I make money so I can stop nonsense and it makes me happy
Theophino jc 😁 😁 very necessary.
There is nothing like perfect salary noooh, Investing in the online market made me realize that.
I'm a war veteran and I really like the stocks market, you make money at your own pace but I do however have problems with market volatility and in particular getting stopped out during news events which I hold my hands up and say ahh I do not really follow. I want to start however and wondered which are the most important ones? Or what do you invest in?
@@pietrofelix9497 not everyone who has money is happy
@@whatiknowisthis7133 I've my my funds diversified across various securities not just on stocks assets inclusive of recently crypto mining. I don't make this picks myself. I use trade signals from a broker Paul Helfer. He is CPAs and FINRA regulated. You can check him out online.
If you base your happiness on anything other than yourself then you’ll never be happy. Being happy is being happy through everything life throws at you not just when good things happen to you.
I'm a loner and I don't mind being alone when I'm a millionaire :)
I think it really depends on how you manage your money. If you are constantly broke and have a lot of debt, it doesn't matter how much money you earn, as it is your lifestyle choices that influence your happiness. If you are constantly on the poverty line and making decisions about food or gas, then that has a huge influence on you feeling of security and safety which of course will affect how you view life. We can get by with less. For people that earn a decent salary, we can make life about less stuff and more about quality time.
So long as I'm able to get my children what they need, I'm happy.
Would your spouse stay home or would you need child care?
~$100k per kid for college Saved over 20-years for 2-kids.
$10,000 per year college savings.
$20,000 per year for daycare or spousal support.
$24000/year house payment to give them bedrooms.
$24000/year healthcare.
$78,000/year already.
So that means I can still save over 20k a year?! 👍🏼
The honest truth is, of my childhood friends, everyone is a multi-millionaire, I'm the "broke" one in the group.
We all grew up broke and made our way and without exception EVERYONE said they were happier with a lot less.
This is how it was explained to me: "imagine being able to buy anything you ever wanted without thinking about it. Everything is essential "free" because you don't think about it because it's not going move the bank balance in anyway that I'm going to feel. So nothing has value, when it doesn't have value, you don't appreciate it."
I'm understanding that now.
We love the freedom that having money offers. To worry about money is a huge burden no one deserves. So yes, money makes happy,because freedom is happiness.
Being selfless when you make it says A LOT about your character. Bravo to Mr. Price, he’s so inspiring. We can all be equals regardless of the salary attached to our names.
"We're just always wanting and will never be satisfied"
This lady just rediscovered Buddhism, too bad it was two thousand years too late.
Money buys security and that makes me happy. We have enough to live in a safe neighborhood, in a nice townhouse. We have enough to pay for a car repair, without worrying how that payment might affect our lives. We have enough for good health insurance and can sleep at night knowing a broken leg won’t bankrupt us. Money can buy a safety net so that we can enjoy our lives. We have also not had money, and now, at about $115K (before taxes), we ARE happier!
I am currently making about 52k and I just started with this salary beginning of January, but with more money..., more problems. I’ve been working everyday and hardly get days off cause I don’t want to fail and feel guilty taking days off but I got so burnt out, i did a no call no show and every early morning my mind immediately thinks about work causing it to think a million things at once. Really got to me mentally that I broke down. Rn, my bosses saw and heard how I’ve been lately, so I’m currently taking some time off but I still think about work everyday.
I just want to buy my parents a house
In my area a house costs $3 million. And still rich people pretend that money doesn't matter.
I'm was on $30k 5 years ago, got up to $1m, now back to $300k after covid19. I can tell you I was happiest when making the most money because you can buy whatever and whenever. No stress about buying anything. Now I got to go back to thinking twice before buying anything
Even though it’s unlikely that I will make $1M your comment gives me hope
People who say “money doesn’t buy happiness”..... Clearly don’t know where to shop 😝
It buys freedom, which can be used to obtain happiness. So yes, money does indeed buy happiness (indirectly).
Money is a tool! Use the money you make to do more of what you love, you don’t need to love your job to do that!
A very simplistic video for a very complex topic. This video gaslights the experiences of so many folks. Money doesn't bring happiness per say, but neither does debt, inability to purchase food, a car or even the "experiences" being advocated in the video. Try having more bills than money, most months, whilst working really hard... and we'll how quickly these experts opinions would change.
As a student in South Africa that works to settle the bill at home...i can tell you being broke is the worse thing forget happiness but the pain of seeing your lil bro wear worn out shoes so I hope to experiment and see if making money won't bring a lil happines or comfort
NOBODY:
CNBC: Show MIT and say UC Riverside
Nice catch
Lol. Nice
it was actually UNC chapel hill
75k I can live, with 750k I can create companies with solutions to help others live.
More issues though.
I need about 80,000 yearly. Currently, I make 42,000.
On debt = Stress; No debt = Happiness. Whether you call yourself rich or just surviving on the borderline.
I am fortunate to have time, energy, and money during this pandemic.
Like J Cole said and I quote “ALOT”
Goat
👍🏿👍🏿👍🏿👍🏿👍🏿
I'm sure this was 21 Savage who said this. Lol
70-80k, when all your problems are rooted in lack of funds, money = happiness
Is it because of the struggle?
Money can buy a lot of things
Only a calm mind bring peace and happiness money can't
Money can eliminate the stuff that causes stress and anxiety in your life though. For example if you didn't have to work for a living then you wouldn't have to worry about the stress and anxiety around working for a living.
words if someone who doesn't really work for a living. i had a friend like you who was born in canada and his dad started several shops like Indian grocer, pizza shop, liquor store, etc. and this guy would only work there for a few hours everyday just to give his dad some time to go home to freshen up. they would act poor by not showing off but they had a huge house that was almost paid off and nice cars. and we went to university together. and even while working the office job, he wasn't worried because his job was a status symbol, it didn't pay any bills except his own. and he would talk just like you.
What brings a calm mind
Happiness comes from within, most people who aren't happy with their 20k income will never be happy. I make like 20k a year lol or what people call "poverty level", I pay my schooling, live by myself and don't have other expenses. I live a good life, I enjoy going to work and them coming back home and doing my homework. Am I tired? Yes, but I have to sacrifice if I want to move up. Be content with what you got but always strive for more but if you ain't happy now, you'll never be happy. Change my mind.
Whoever said money can't buy happiness simply didn't know where to go shopping ~ Gertrude Stein
For me, it’s not even the amount of money. It’s more about what I’m doing with my time to earn that money. So if I’m making tonnes of money but I hate the job, then I actually would rather get paid less doing what I want with my time. Of course, I’d like to make enough to have my basic needs, which really isn’t a lot. A roof over my head, enough food and being able to do things I like. That’s enough. So whatever that amount is for you, that’s your perfect salary.
You guys don't get it. "Happiness" is an esoteric question to people who grew up with money because they never had to starve or understand what it was like to have rotten teeth or an infection but no money for basic medical service. You don't understand what money actually when you've never had grow up not knowing if you're going to make it to tomorrow because money wasn't there.
I absolutely believe this. How can someone be happy if they are stressed about basic needs?
How can somebody be happy if they are not financially independent and they hate being wage slaves?
Happiness is all about your priorities in life + Your approach in life + All basic necessities looked after with money without stress
Hey please ur facebook
Something Ive noticed. Healthier habits lead to happier people.
The less someone has to worry about their basic needs, the more they can think about their own health. Thats why you always see people jogging in affluent areas.
More money = less worries
Less worries = healthier lifestyle = happier people?
It’s not how much you make. It’s how much you keep 😉👍🏼
I’m actually impressed on how they keep making videos with webcams and stuff during covid season
Bro I make like 15k a year while being a student. I feel like all I need is 40k a year to be comfortable. 75k seems like alot of money but I guess it depends on where you live and your life style. I don't eat out and stay home most of the time so I save most of the money I earn. Right now I have no student debt and a payed off beater car. I'm kinda poor but im happy.
I think it really matters where you live. I make 70 now and it’s definitely enough to be comfortable but I’m trying to save to buy a house in Golden, CO and if I made 40, that goal would be wayyyy farther out than it is now with the house prices here. I also lived comfortably while a grad student making about 20k but was not planning for future costs. You also have to eventually start saving to retire and live off for 30+ years so a lot of that extra salary goes into that.
Wait until you have kids.Then you will need a lot more. Also, you will need to keep a certain standard of living for your kids to not be bullied.
@@jandersen6802 True, currenly not planning on having kids.
Experiences and giving matters
$75k/year can afford you a good life
Appreciate what you have
It’s human nature to always want more. The more we make the more we spend. Money comes and money goes but health is what I want so I can provide for my family and enjoy their company. Remember, when your times up the only thing you take are the memories you made. ✌🏼
Money pays your hospital bills, healthy foods, vitamins, gym membership and other expenses for being healthy.
70k is nothing after taxes and rent/mortgage.
Especially if you live in California...
Depending on where you live!
It would go far for me. I live in small city and in single with no kids
70k could mean everything to a college student. It just depends on your lifestyle
Let's do some math, $70K-$24K std deduction = $46K- $6K IRA=$40K
Fed tax= ~4400/yr, two kids$4K tax credit, $400/yr taxes
maybe $400/mo mortgage
$4000/mo take home is not beans and rice.