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I don’t know your specific situation but this is a pretty common fallacy that has been undermined by studies that show that most people do not experience increa

by voisin 3y ago

I don’t know your specific situation but this is a pretty common fallacy that has been undermined by studies that show that most people do not experience increased happiness beyond income levels that cover their necessities and a bit more (it used to be around $75k/year in the US and with inflation might be around $100k now - I.e. having $5m / year isn’t going to be as impactful as you’d think. Money isn’t a panacea, and “wherever you go, there you are”). I thought this way too, and then made a bunch of money to the point I no longer had to work after around 35. I can tell you first hand with my n=1 study that more money is not very impactful. You’re still you, with all the hangups and other things to work through. Focus on achieving income to meet your necessities and a bit more and then put your energy into relationships and your health and fitness, and hobbies. More money at the expense of these other things is a fool’s bargain.

mdekkers 3y ago
As I said, all my chronic stress can immediately be resolved with a large amount of money, since the lack of is the direct cause of that stress. I appreciate the “money doesn’t buy happiness” advice, even if it comes from someone that was financially independent at 35 - good for you! - but you are making some _wild_ assumptions about the causes of my chronic stress, none of which have to do with my hangups, or hobbies, or anything else like that. I have had financial lows, with “low” being “homeless at 17” and I have had some financial highs, with “high” being “impactful startup exit”. I have never made assumptions about what would solve someone else’s’ problems, and I would dream of making the presumption of telling them that the thing they have identified as their issue isn’t really their issue. $5m a year would make me plenty happy, thanks, and would absolutely allow me to focus on my health and fitness, and take up a hobby. Right now, there are not enough hours in the day for any of those kind of luxuries.
theGnuMe 3y ago
That study was flawed by the way, it turns out that more money does increase happiness. So 75k is more the floor not a ceiling. All it really supports is having universal basic income.

by voisin 3y ago

mdekkers 3y ago

As I said, all my chronic stress can immediately be resolved with a large amount of money, since the lack of is the direct cause of that stress. I appreciate the “money doesn’t buy happiness” advice, even if it comes from someone that was financially independent at 35 - good for you! - but you are making some _wild_ assumptions about the causes of my chronic stress, none of which have to do with my hangups, or hobbies, or anything else like that. I have had financial lows, with “low” being “homeless at 17” and I have had some financial highs, with “high” being “impactful startup exit”. I have never made assumptions about what would solve someone else’s’ problems, and I would dream of making the presumption of telling them that the thing they have identified as their issue isn’t really their issue. $5m a year would make me plenty happy, thanks, and would absolutely allow me to focus on my health and fitness, and take up a hobby. Right now, there are not enough hours in the day for any of those kind of luxuries.

theGnuMe 3y ago

That study was flawed by the way, it turns out that more money does increase happiness. So 75k is more the floor not a ceiling. All it really supports is having universal basic income.