How Much Money Do You Need To Earn To Be Happy? 

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

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.

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?

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.

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.

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'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!

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.

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 👏👏👏

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

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? 👨‍⚕️

-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 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

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 😂😂😂😂😂

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.

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.

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

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, RU-vid, 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

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.

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 🤣🤣🤣🤣🤣

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.

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.

Virtue signaling trust fund baby trying to relieve his guilt for being privileged.

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.

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

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.

Amen. It's possible to have both peace and abundance.

Amen. Praise God!

👏🏽👏🏽👏🏽👏🏽👏🏽👏🏽👏🏽 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

Power corrupts. And the fact that you want to have power over others is a bit scary.

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.

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.

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 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?

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.

The problem is that it takes many years to become rich. And the older we get, the higher the likelihood of having health problems.

You got this. ♥️

NICE

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.

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.

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!

agree

😐

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

yea id watch it too

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 ☠️😂☠️😂☠️😂☠️💯💯💯

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

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

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

Even though it’s unlikely that I will make $1M your comment gives me hope

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?! 👍🏼

In my area a house costs $3 million. And still rich people pretend that money doesn't matter.

Goat

👍🏿👍🏿👍🏿👍🏿👍🏿

I'm sure this was 21 Savage who said this. Lol

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.

It buys freedom, which can be used to obtain happiness. So yes, money does indeed buy happiness (indirectly).

Hey please ur facebook

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.