😀 DOES MONEY BUY HAPPINESS? 🙃

😀 DOES MONEY BUY HAPPINESS? 🙃

In 2010 a study by a Nobel Prize winner said money could boost happiness up to earning of $75,000 and then would level off.

Recently, a new study conducted by the some of the same Nobel Prize economists suggest $500,000 earning per year is the new level of happiness.

Personally, I’d prefer 500K/year to 75K/year

Why?
🚸 Daycare/Afterschool care is expensive
👨‍👩‍👧‍👧 Family of 4
📍 Massachusetts is really expensive
🍱 Preference to eat whole, unprocessed foods
🩺 Better medical care
📝 Ability to leave a legacy

Argument for 75K
🏰 Less Excess
🧮 Simpler taxes
🙌 Appreciate what you have

💡I’ve met people making 500K that are horrible with money and those making 75K that are diligent savers and are more careful with their financial decisions.

👉 Still, for me, I’d choose more as I believe with proper planning, it would help provide more opportunity to my children and (future) grandchildren.

🌟 It doesn’t matter what your income is if you are not actively planning for your future, ideally with a real financial professional.

❓75K or 500K for you 🤨

#money
#happiness
#future
#financialplanning
#personaldevelopment