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Post By
zvelf

Member Since: Sat May 17, 2008
Posts: 11,635
In Reply To
MysteryMan

Member Since: Fri Apr 28, 2017
Posts: 3,319
Subj: Re: I have to wonder,,,while the Hollywood condemnation of Brunei's new law...
Posted: Mon Apr 08, 2019 at 05:10:33 pm EDT (Viewed 159 times)
Reply Subj: Re: I have to wonder,,,while the Hollywood condemnation of Brunei's new law...
Posted: Mon Apr 08, 2019 at 01:23:36 pm EDT (Viewed 146 times)



    Quote:
    Not quite sure those studies are valid.



    Quote:
    Money may not buy happiness...but it sure buys a lot of lack of misery.



    Quote:
    I'd be much happier with #75mil/yr than $75,000.


I see the study I was referring to with the $75,000 figure was a global figure and the figure for North America is $105,000:

http://money.com/money/5157625/ideal-income-study/

But here's the point, do you make $75 million? No. Then you only think it makes you much happier. You don't really know. I'm sure if you came into it all at once, you'd be delighted, but after a couple of years with it, it'd just be the new normal. You're really just speculating. Do you make over $100,000? I do, and my wife makes almost as much as I do. It's a comfortable life with no real financial worries unless severe illness befalls my family (because U.S. healthcare is still lame compared to the rest of the world). Would a yacht make me that much happier than a new big screen tv? Not really. All I can think of is how much maintenance that thing would take. I already travel the world. Would $1,000 a night hotels make me a lot happier? They would be nice for sure, but once you get used to them, they'd just be normal, not extraordinary. Basically, once you have a comfortable life, a lot more comfort isn't that important.


    Quote:
    Sure your forms of stress may change but there is a lot less of stress for all life security. Money opens up more options...it just does.


Right, and if you live in North America, you have life security at $105,000. The additional options opened up after that threshold, on average, aren't as important.


    Quote:
    A lot of studies say money doesn't buy happiness...but no one...almost no one would not be happier having more.


Really? I'd say any billionaire would not be much happier having more. Is the difference between having $5 billion and $10 billion going to change your life much?





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