@DarlingRhadamanthus I agree with what you are saying, I read the article by @SpatzieLover and it supports many of the same things we are both saying. I picked the number $100,000 because I felt that is the reasonable point at which one then has enough money to enjoy life, save, have enough to weather problems, travel, and not have to be troubled as much by not having enough disposable income to obtain a comfortable lifestyle. And the article states “At that level ($75,000), people probably have enough expendable cash to do things that make them feel good, like going out with friends.
And to my point about being acquisitive and your point about feeling “lack” or “enslaved”, the article states,“Past research on money and happiness has also found that it’s not absolute wealth that’s linked with happiness, but relative wealth or status — that is, how much more money you have than your neighbors.”
I completely agree with that, and I see that as a big problem for a lot of people. One starts getting hung up on keeping up with the Joneses and their satisfaction in life becomes tied to this unnecessary standard of living.
The only thing I truly intend to assert is that people don’t need to strive for lots of money. I said $100,000 household income, the article says $75,000 (but it isn’t clear if they mean per person or household). Once you reach that level, if you aren’t happy, then more money will not be the cure. You might think it will solve your “problems,” and you might even surpass the Joneses, but your problems haven’t been addressed. Besides, then one might move to a better neighborhood and start competing with the Smiths.
If you have a job that pays $500,000, good for you. If you want to make $1,000,000/year, I think you’re missing out.