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Originally Posted by iDumb
post of the thread. But money makes a lot of things easier. Once someone can achieve financial independence, he can truly unleash all the life has to offer via experiences.
Salary isn't the key. Financial independence is. To achieve FI requires a lot of luck and hard work if you are not born into or married into money.
btw i don't believe that article for a second.
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here is the article --
http://www.businessinsider.com/nobel...piness-2015-10
correction: from 2015 and not last year
from WSJ --
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The magic income: $75,000 a year. As people earn more money, their day-to-day happiness rises. Until you hit $75,000. After that, it is just more stuff, with no gain in happiness.
That doesn’t mean wealthy and ultrawealthy are equally happy. More money does boost people’s life assessment, all the way up the income ladder.
People who earned $160,000 a year, for instance, reported more overall satisfaction than people earning $120,000, and so on
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so we all have our own "magic number" that depends on many things. An engineer earning $150k in Denver might be happier than a FB engineer earning $240k in San Francisco.
Once you attain financial independence, invest in experiences/relationships.