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I grew up poor: went to school with holes in my clothes, had the electricity turned off, etc. (But because my poor-ness was due to my mother's infelicity with m
by ahoyhere 16y ago
I grew up poor: went to school with holes in my clothes, had the electricity turned off, etc. (But because my poor-ness was due to my mother's infelicity with money, not because we didn't have any at all, we also had some finer things like a computer.)
I can tell you that money can't buy you happiness. Money doesn't even buy a sense of security. Your attitudes about money can make or break your happiness.
Example: If you are in the Sustenance Driven mindset defined by Abraham Maslow, you will always be motivated by "getting enough" and "keeping it" - even if you have a comfortable middle class lifestyle, you will be kept awake at night, afraid you will lose it. While most descriptions you find online will equate the feeling of Sustenance with actual Sustenance, you can hold this mindset no matter how much you have.
My (divorced) parents, no matter their earnings, were always in that category.
I was, too, until I actually did lose it all - I got scammed out of 2 months of work, had my car stolen, got mono, couldn't work for months, lost all my other clients, came within a hairs' breadth of being sued by one of them... if not for some guy I was only casually friends with on IRC, who up and gave me my rent one month, I would have been evicted and homeless.
Then I realized: it sucked, but I didn't die, and I recovered, got a job, bought a car, paid off that angry client, paid off my credit card debt.
Now I know exactly what money is worth to me.
That's why I quit a job where I could have stayed forever, never been fired, and got profit sharing that increased every month - by the time I quit, it was already equal to an additional pay check a month, and I was earning over $150,000 a year. Because I was unhappy there and knew what money was worth to me, and it wasn't worth that unhappiness.
So, there you go. Money can't buy you happiness. It can't even buy you the feeling of security, it can't even make you free from worry, because you can have lots of money and still feel insecure and worry about losing it all. It is, literally, all in your head.
- keefe 16y agoPresumably you saved up at least 50K from that job, which means you have bought the security of knowing you won't starve, which is a great happiness if you realize how bad life can get. if you didn't save money, well.............
- ahoyhere 16y agoI planned to bank $40k but I quit at $15k because I was just so sick of it, it was eating my life. And look! I didn't starve! I trust more in my capabilities than in my liquid assets. That's the whole thrust of my above argument.
- keefe 16y agosure but if those capabilities don't turn into liquid assets, they're not good for much (in terms of survival). I won't be really happy with my bankroll until it breaks 6 figures in super conservative investments, that way I know if things go to shit, I'm good for a few years like I mean if you were making 150K you were probably banking like ~10K a month? if your cost of living was a reasonable like 3K a month, then you still were banking 7K a month, imho 4-6 more months of that would have been a solid choice, the utility of 50K is WAY different than the utility of 15K
- starkfist 16y agoIf you make $150K, after taxes you have about $6800 per month.
- keefe 16y agoshould be well over 7500 but tax rate is a bitch
- starkfist 16y agoOnly if you live somewhere with no state tax.
- keefe 16y agohttp://www.paycheckcity.com/netpaycalc/netpaycalculator.asp http://www.paycheckcity.com/netpaycalc/netpaycalculator.asp these guys have usually underestimated my check (given that my taxes have been weird) and you're close to 7500 even in cali which has massive taxes