All you need is $25,000
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USD 25K ~ Rs. 1,125,000. Woah! :omg: That's 5+ times what I make in a year. No wonder I'm not happy. It illustrates 1. How strong the USD is compared to the currencies of some developing nations. 2. How something most Americans rarely think about can actually turn out to be a lot for poor people in developing countries. For instance, for many people $1 may be next to nothing, but it can feed a family of four poor people for a day here. We have a looong way to go. :sigh: Cheers, Vikram.
"When I read in books about a "base class", I figured this was the class that was at the bottom of the inheritence tree. It's the "base", right? Like the base of a pyramid." - Marc Clifton.
Vikram, you can't go converting money between countries like this. Try and take the spirit of the study (that once you meet your basic needs furthering your income does not increase your happiness as you would expect) please. regards, Paul Watson Ireland Feed Henry! K(arl) wrote: oh, and BTW, CHRISTIAN ISN'T A PARADOX, HE IS A TASMANIAN!
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All you need is love $25,000. A study says that $25,000 meets our basic needs and anything after that is increasingly unlikely to increase our happiness. What is interesting is that the study was done by an investment banker. [Update] Please look beyond the literal figures. Also as Chris points out it should be £ and not $. [/Update] regards, Paul Watson Ireland Feed Henry! K(arl) wrote: oh, and BTW, CHRISTIAN ISN'T A PARADOX, HE IS A TASMANIAN! -- modified at 9:41 Tuesday 31st January, 2006
He missed a zero. 250K should do me well I guess :-) Regards, Nish
My blog : Nish’s thoughts on MFC, C++/CLI and .NET
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legalAlien wrote:
what's the difference?
You can say banker in the Lounge. Some kid sisters may ask awkward questions for the other word. ColinMackay.net "Man who stand on hill with mouth open will wait long time for roast duck to drop in." -- Confucius "If a man empties his purse into his head, no man can take it away from him, for an investment in knowledge pays the best interest." -- Joseph E. O'Donnell
I can also say wanker: oops, did it again. Kid sisters? Don't make me laugh: if anyone has a kid sister reading this then they already know what a wanker is: they have an older brother.
turning the other cheek just gets you slapped twice
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Banker, wanker: what's the difference?
turning the other cheek just gets you slapped twice
Kid sister rule - 1. The tigress is here :-D
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All you need is love $25,000. A study says that $25,000 meets our basic needs and anything after that is increasingly unlikely to increase our happiness. What is interesting is that the study was done by an investment banker. [Update] Please look beyond the literal figures. Also as Chris points out it should be £ and not $. [/Update] regards, Paul Watson Ireland Feed Henry! K(arl) wrote: oh, and BTW, CHRISTIAN ISN'T A PARADOX, HE IS A TASMANIAN! -- modified at 9:41 Tuesday 31st January, 2006
It would still leave me with a mortgage to pay off so more would increase my happiness. The tigress is here :-D
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All you need is love $25,000. A study says that $25,000 meets our basic needs and anything after that is increasingly unlikely to increase our happiness. What is interesting is that the study was done by an investment banker. [Update] Please look beyond the literal figures. Also as Chris points out it should be £ and not $. [/Update] regards, Paul Watson Ireland Feed Henry! K(arl) wrote: oh, and BTW, CHRISTIAN ISN'T A PARADOX, HE IS A TASMANIAN! -- modified at 9:41 Tuesday 31st January, 2006
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Paul Watson wrote:
I take it you are French and in France
Hey ! What is this suppose to mean ? ~RaGE();
Rage wrote:
Hey ! What is this suppose to mean ?
I think it has something to do with the fact you all walk around saying "ahour" in a really bad french accent though in english, then "'allo 'allo, listen carefullee, I will say thees only wonce" or "your mother was a hamster and your father smelt of eldeberries". Also you all eat smelly cheese, baguettes, croissants, red wine for breakfast, snails, frog legs, other smelly cheeses. Do you even have beer over there? Michael Martin Australia "I controlled my laughter and simple said "No,I am very busy,so I can't write any code for you". The moment they heard this all the smiling face turned into a sad looking face and one of them farted. So I had to leave the place as soon as possible." - Mr.Prakash 24/04/2004
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Vikram, you can't go converting money between countries like this. Try and take the spirit of the study (that once you meet your basic needs furthering your income does not increase your happiness as you would expect) please. regards, Paul Watson Ireland Feed Henry! K(arl) wrote: oh, and BTW, CHRISTIAN ISN'T A PARADOX, HE IS A TASMANIAN!
Paul Watson wrote:
Try and take the spirit of the study...
There you go again Watson! Taking all the fun out of it. Michael Martin Australia "I controlled my laughter and simple said "No,I am very busy,so I can't write any code for you". The moment they heard this all the smiling face turned into a sad looking face and one of them farted. So I had to leave the place as soon as possible." - Mr.Prakash 24/04/2004
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All you need is love $25,000. A study says that $25,000 meets our basic needs and anything after that is increasingly unlikely to increase our happiness. What is interesting is that the study was done by an investment banker. [Update] Please look beyond the literal figures. Also as Chris points out it should be £ and not $. [/Update] regards, Paul Watson Ireland Feed Henry! K(arl) wrote: oh, and BTW, CHRISTIAN ISN'T A PARADOX, HE IS A TASMANIAN! -- modified at 9:41 Tuesday 31st January, 2006
What would be interesting to know would be how much the investment banker who did the study is earning...and perhaps to test his theory reducing that to $25k ;) '--8<------------------------ Ex Datis: Duncan Jones Merrion Computing Ltd
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All you need is love $25,000. A study says that $25,000 meets our basic needs and anything after that is increasingly unlikely to increase our happiness. What is interesting is that the study was done by an investment banker. [Update] Please look beyond the literal figures. Also as Chris points out it should be £ and not $. [/Update] regards, Paul Watson Ireland Feed Henry! K(arl) wrote: oh, and BTW, CHRISTIAN ISN'T A PARADOX, HE IS A TASMANIAN! -- modified at 9:41 Tuesday 31st January, 2006
If you want to live check to check, I suppose that might be correct. Many of the gadgets, clothing, entertainment we spend money on do very little to make us happier. However, earning more money allows us deal with adversity(sicknesses, car repairs, lay offs, etc) when it arises without the added stress of wondering how to pay for it. There's no doubt that money allows you to travel, explore new hobbies, experience different/better goods and services, but I think money is more related to security than happiness. BW
If you're not part of the solution, you're part of the precipitate.
-- Steven Wright -
But would you be happier with more than $25,000? regards, Paul Watson Ireland Feed Henry! K(arl) wrote: oh, and BTW, CHRISTIAN ISN'T A PARADOX, HE IS A TASMANIAN!
I'm sorry, but I couldn't buy my Porsche 911 with only $25k, so no, I would not be happier. :) Brigg Thorp Senior Software Engineer Timex Corporation
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Car note: $23K Mortgage: $96K Student Loans: $50K I'd say I would need $177K. That would leave a good $8K to get one of those gaming systems I spec'd out from Ailienware the other day. :cool: ~Nitron.
ññòòïðïðB A
startNitron wrote:
Student Loans: $50K
Faaarrrrrkkkkkkk! Is this pretty standard in the US? How long on average would it take a student to pay this off? No wonder one of the regulars is so paranoid about having a kid his wife is on the pill and he also wears a condom. Cost of a kid on top of their student loans would kill them. Anyone know who the regular is I'm talking about? Michael Martin Australia "I controlled my laughter and simple said "No,I am very busy,so I can't write any code for you". The moment they heard this all the smiling face turned into a sad looking face and one of them farted. So I had to leave the place as soon as possible." - Mr.Prakash 24/04/2004
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Nitron wrote:
Student Loans: $50K
Faaarrrrrkkkkkkk! Is this pretty standard in the US? How long on average would it take a student to pay this off? No wonder one of the regulars is so paranoid about having a kid his wife is on the pill and he also wears a condom. Cost of a kid on top of their student loans would kill them. Anyone know who the regular is I'm talking about? Michael Martin Australia "I controlled my laughter and simple said "No,I am very busy,so I can't write any code for you". The moment they heard this all the smiling face turned into a sad looking face and one of them farted. So I had to leave the place as soon as possible." - Mr.Prakash 24/04/2004
Well, if it makes you feel any better, that number is for my wife and I combined, and she is a pilot, so a lot of the $$ is for flight time. My loans alone were ~$17K out of school. As far as kids go, the single most expensive thing for us is daycare. (~$140/wk) [edit] I'm looking at ~ 10 years out of school to pay them off. [/edit] ~Nitron.
ññòòïðïðB A
start-- modified at 8:57 Tuesday 31st January, 2006
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What would be interesting to know would be how much the investment banker who did the study is earning...and perhaps to test his theory reducing that to $25k ;) '--8<------------------------ Ex Datis: Duncan Jones Merrion Computing Ltd
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not 25,000 dollars, 25,000 pounds that's a bit more. Cleek | Image Toolkits | Thumbnail maker
It's a lot more on today's exchange rate, £25k = $44K -- Help me! I'm turning into a grapefruit! Buzzwords!
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Well, if it makes you feel any better, that number is for my wife and I combined, and she is a pilot, so a lot of the $$ is for flight time. My loans alone were ~$17K out of school. As far as kids go, the single most expensive thing for us is daycare. (~$140/wk) [edit] I'm looking at ~ 10 years out of school to pay them off. [/edit] ~Nitron.
ññòòïðïðB A
start-- modified at 8:57 Tuesday 31st January, 2006
Nitron wrote:
Well, if it makes you feel any better, that number is for my wife and I combined, and she is a pilot, so a lot of the $$ is for flight time. My loans alone were ~$17K out of school.
That seems a lot more reasonable. I mean you did your bachelors and then your masters and as you said a lot of your wifes loans were for flight time.
Nitron wrote:
As far as kids go, the single most expensive thing for us is daycare. (~$140/wk)
Didn't have that myself, though only one income makes it noticeable nontheless.
Nitron wrote:
[edit] I'm looking at ~ 10 years out of school to pay them off. [/edit]
Seems a long time to me. Michael Martin Australia "I controlled my laughter and simple said "No,I am very busy,so I can't write any code for you". The moment they heard this all the smiling face turned into a sad looking face and one of them farted. So I had to leave the place as soon as possible." - Mr.Prakash 24/04/2004
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All you need is love $25,000. A study says that $25,000 meets our basic needs and anything after that is increasingly unlikely to increase our happiness. What is interesting is that the study was done by an investment banker. [Update] Please look beyond the literal figures. Also as Chris points out it should be £ and not $. [/Update] regards, Paul Watson Ireland Feed Henry! K(arl) wrote: oh, and BTW, CHRISTIAN ISN'T A PARADOX, HE IS A TASMANIAN! -- modified at 9:41 Tuesday 31st January, 2006
I disbelieve this study and find fatal flaws in its design. For one, there is a very strong and established correlation between socio-economic status (SES) and health; particularly in the long-term. Thus, while $25,000 may meet basic need, it does little to influence the SES/health correlation. Furthermore, the following are not specified: - whether this $25,000 is per year until death - inflation adjusted - for which country / continent... ie: people dwelling in cold climates will have more expense than in warmer climates - environmental factors (seasonality) - cost of living (varies by country) - there is no standardized definition of happiness, although the study would seem to assume that individual marginal satiation rates are decreasing - health care systems on a per country basis differ (costly versus state subsidized) In fact, the very first line of the article: Chasing wealth can make you ill and earning over £25,000 a year won’t make you any happier. contradicts concrete evidence of the correlation between SES and health. It's harldy academic or to be taken seriously.
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I disbelieve this study and find fatal flaws in its design. For one, there is a very strong and established correlation between socio-economic status (SES) and health; particularly in the long-term. Thus, while $25,000 may meet basic need, it does little to influence the SES/health correlation. Furthermore, the following are not specified: - whether this $25,000 is per year until death - inflation adjusted - for which country / continent... ie: people dwelling in cold climates will have more expense than in warmer climates - environmental factors (seasonality) - cost of living (varies by country) - there is no standardized definition of happiness, although the study would seem to assume that individual marginal satiation rates are decreasing - health care systems on a per country basis differ (costly versus state subsidized) In fact, the very first line of the article: Chasing wealth can make you ill and earning over £25,000 a year won’t make you any happier. contradicts concrete evidence of the correlation between SES and health. It's harldy academic or to be taken seriously.
Good god, I should have know posting this on a programmers site would get answers like this. Where is the un-post button damnit... regards, Paul Watson Ireland Feed Henry! K(arl) wrote: oh, and BTW, CHRISTIAN ISN'T A PARADOX, HE IS A TASMANIAN! -- modified at 9:18 Tuesday 31st January, 2006
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Kid sister rule - 1. The tigress is here :-D
-1? I like that score :)
Ryan
"Punctuality is only a virtue for those who aren't smart enough to think of good excuses for being late" John Nichol "Point Of Impact"
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Worse.:laugh: I am romanian and in Romania. The living conditions in this country have gotten only worse from the revolution in 1989 untill now. Poverty rising. The minimum Wage in Romania is $100, and the average one of $200. I am having some difficulties with money now, being also a student. regards, Mircea Many people spend their life going to sleep when they’re not sleepy and waking up while they still are. -- modified at 8:04 Tuesday 31st January, 2006
Sorry to hear that, Mircea. I lived in South Africa for many years which is also not all that great economically and I found, as this study suggests, that once basic needs were met any money above it did not make me a happier man. regards, Paul Watson Ireland Feed Henry! K(arl) wrote: oh, and BTW, CHRISTIAN ISN'T A PARADOX, HE IS A TASMANIAN!