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Money can actually buy happiness. It takes less than you think and it depends on what you buy.
It takes between just $60,000 -$75,000 for emotional well being and happiness. Earning more than that can make you unhappy, because you have more demands on you, more hours spent at work, and less time doing things you enjoy. Buying experiences also make you happier than buying things.
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We all, rich or poor, have the same 24 hours in a day. But we can use our money to buy more time. For example, by eating out, you don't have to decide what to cook, shop for ingredients, cook, and clean it all up.
If you can carve out more time for yoursel...
Some people view wealth in terms of prestige and not dollars. They would rather have a job that requires years of education than learning a trade, even though they may earn less with their Master's or Doctorate degree.
But less than half of those who start college...
According to a Modern Wealth Index Survey, the amount needed to be comfortable in America is $1.4 million. To be wealthy, you'll need a net worth of $2.4 million.
An average pre-tax yearly salary of $389,436 is needed to be in the top 1%, although it varies by state.
If you just want to have a comfortable life, it is increasingly out of reach. If you earn the minimum wage of $7.25 an hour, you can't afford a two-bedroom apartment anywhere in the US. In 1963, wealthy families had $6 for every $1 of families in the middle. By 2016, it was $12 t...
Housing should be no more than 30% of your income. Warren Buffett's house is worth .001% of his total wealth.
The possession of things differentiates the rich from the wealthy. Wealthy people don't flaunt their money; they save and invest it.
By 2020, 65% of all jobs will require postsecondary education and training beyond a high school diploma. But with the cost of college education, this is out of reach of many people.
A college degree has increasingly become something only available to the wealthy. The rest have to take out ...
Living and enjoying life is not dependent on money. Some of the happiest states in America are also some of the poorest.
For example, Lafayette, at the heart of Acadiana, which is better known as Cajun country, is said to have delicious food and drink, which makes thin...
The definition of wealth is personal. It may mean something different to everyone.
To some people, wealth is always going to mean money. But it's not that straightforward. 41% of people feel "wealthy" if they have meals out or food delivered. Services such...
Music geek. Coffeeaholic. Travel advocate. Social media maven. Certified tv guru.
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Many say that money cannot buy happiness. For me, money CAN buy happiness, just focus on the love and needs. Love are things/experiences that last for more than 6 months, and needs are things that are essential. Avoid buying things that are impulsive and say 'no' if you feel like spending your mo...
It isn’t the only factor in being rich, no matter how many articles tell you that. Money is at most a superficial and incomplete representation of wealth, and there are many more ways to think about riches.
Money changes people, and in many cases, makes them less grounded, less co...
Research has shown that time and time again, money doesn’t really buy you happiness (even though most of us think it does).
What you should put your money toward — rather than buying more stuff — are experiences or charity.
Research has shown that w...
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