Don’t listen to people that tell you it can’t
We’ve heard it all before, from those who have nothing or those who have too much… “Money can’t buy you happiness.”
It’s not that money can’t buy you happiness, it can. It’s that an excess of money won’t make you any happier.
Think of it like this…
You have a plate of your favorite food.
Now you have two plates.
Now you have three.
There’s only so much you can eat before more food lacks any further benefit.
According to research from Raisin in 2020, the happy figure we should all be aiming for was an annual salary of £33,864 for UK residents.
Our American friends have a slightly higher figure for happiness. A 2018 study from Purdue University found that the ideal income for individuals is $95,000 for life satisfaction and around $60,000 to $75,000 for emotional well-being.
Those levels of income can reduce financial pressures and create opportunities.
You’ll easily be able to afford a working car, a decent home, and a holiday once per year — but there is a saturation point where the benefits of extra income become diminished.
Like all drugs, money can be beneficial, but dangerous in excess.