$60K a year can make you happy
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I think this data is taking into account that people are working to earn the $60k a year vs $100k a year not winning the lotto and sitting on the couch watching cartoons! :) I can honestly say that when I was making significantly less money than I make now life was easier and much less stressful. Happier ... maybe I was single back then! ;) i once had a friend/boss drop this wisdom bomb on me years ago (when I was transitioning from a $6.00 an hour job to a $35 an hour job). He said "You rise to the level of your income and once you reach a certain plateau you can never go back." It's true back in the day I was more than satisfied with my $14k a year job. As long as I had a box of pasta a six pack of beer and a new set of guitar strings every month I was happy. That $35 an hour job allowed me to buy a new car and eventually a house. Which in turn meant a car payment and a mortgage. So I could not return to my former job because I had to pay my bills.
Joe Simes wrote:
He said "You rise to the level of your income and once you reach a certain plateau you can never go back."
That is so true. The same could be said of moving to a new, usually bigger, house. We seem to be compelled to fill up all of the nooks and crannies with stuff.
"One man's wage rise is another man's price increase." - Harold Wilson
"Fireproof doesn't mean the fire will never come. It means when the fire comes that you will be able to withstand it." - Michael Simmons
"Man who follows car will be exhausted." - Confucius
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Douglas Troy wrote:
There's a typo in that article, I think that needs to read $60k/yr per person.
Are you saying the OctoMom would need 1/2 a million then?
Regards, Nish
Nish’s thoughts on MFC, C++/CLI and .NET (my blog)
My latest book : C++/CLI in Action / Amazon.com linkNishant Sivakumar wrote:
Are you saying the OctoMom would need 1/2 a million then?
Emmm, you maybe onto something there Nish ... I'm not sure 1/2 million/yr would cover the cost of diapers, formula and daycare for 1 year for 8 kids ...
:..::. Douglas H. Troy ::..
Bad Astronomy |VCF|wxWidgets|WTL -
"Anybody who tells you money is the root of all evil, doesn't ****ing have any. They tell you money doesn't buy happiness? Look at the ****ing smile on my face! Ear to ear, baby!" -- Jim Young (Unfortunately played by Ben Affleck), Boiler Room (KSSified, of course)
Proud to have finally moved to the A-Ark. Which one are you in? Author of Guardians of Xen (Sci-Fi/Fantasy novel)
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http://www.cnn.com/2010/OPINION/02/11/ted.big.ideas/index.html?hpt=C2[^] $60K a year can make you happy Psychologist and Nobel Laureate Daniel Kahneman says millions of dollars won't buy you happiness, but a job that pays $60,000 a year might help. Happiness levels increase up to the $60K mark, but "above that it's a flat line," he said. "Money does not buy you experiential happiness but lack of money certainly buys you misery," he said. But the real trick, Kahneman said, is to spend time with people you like. And Bill Gates is so miserable with all his billions. ;P
I know the language. I've read a book. - _Madmatt
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aspdotnetdev wrote:
Joe Simes wrote: $6.00 an hour job to a $35 an hour job Nice leap.
Pretty random. I graduated college with a BFA in fine art. Working at an art supply shop selling colored pencils for $6.00 an hour. Random customer asks me if I know how to get in touch with an illustrator. I say "Yep, you just did!". Two months later I am working in Boston for Houghton Mifflin as an illustrator for it's "New Media" software department for $35.00 an hour!! It took me almost 8 years to pay off my tax debt because I just spent the money out of hand!! I had never made money before so I didn't pay any quarterlies! :-O Went from illustrator to graphics production to audio production to programming production to junior programmer ... then Al Gore invented the internet!!! X| After everyone got over the novelty of formatting text I started redoing all the work I had done over the past 5 years as SchlockWave and then spent the next 5 years redoing the SchlockWave as Flash-in-the-Pan. :cool: Now I am back to formatting text that comes out of Oracle databases and wishing I was selling colored pencils at the mall again! :omg:
Joe Simes wrote:
It took me almost 8 years to pay off my tax debt because I just spent the money out of hand!! I had never made money before so I didn't pay any quarterlies!
Oh I know, I'm still not done with my 8 years. :((
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http://www.cnn.com/2010/OPINION/02/11/ted.big.ideas/index.html?hpt=C2[^] $60K a year can make you happy Psychologist and Nobel Laureate Daniel Kahneman says millions of dollars won't buy you happiness, but a job that pays $60,000 a year might help. Happiness levels increase up to the $60K mark, but "above that it's a flat line," he said. "Money does not buy you experiential happiness but lack of money certainly buys you misery," he said. But the real trick, Kahneman said, is to spend time with people you like. And Bill Gates is so miserable with all his billions. ;P
I know the language. I've read a book. - _Madmatt
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http://www.cnn.com/2010/OPINION/02/11/ted.big.ideas/index.html?hpt=C2[^] $60K a year can make you happy Psychologist and Nobel Laureate Daniel Kahneman says millions of dollars won't buy you happiness, but a job that pays $60,000 a year might help. Happiness levels increase up to the $60K mark, but "above that it's a flat line," he said. "Money does not buy you experiential happiness but lack of money certainly buys you misery," he said. But the real trick, Kahneman said, is to spend time with people you like. And Bill Gates is so miserable with all his billions. ;P
I know the language. I've read a book. - _Madmatt
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To quote Woody Allen's answer to the statement that "Money can't buy happiness." - "No but you can rent it for a while." :-D
Join the cool kids - Come fold with us[^]
I don't believe it. I've despised Woody Allen for as long as I can remember, and now I find the little putz said something that makes sense. Will wonders never cease. :)
Software Zen:
delete this;
Fold With Us![^] -
I've always accepted that money is not the key to happiness... but with enough money, you certainly can get the key made! :-D
If the post was helpful, please vote, eh! Current activities: Book: Devils by Fyodor Dostoyevsky Project: Hospital Automation, final stage Learning: Image analysis, LINQ Now and forever, defiant to the end. What is Multiple Sclerosis[^]?
Mustafa Ismail Mustafa wrote:
but with enough money, you certainly can get the key made!
:-D
WE ARE DYSLEXIC OF BORG. Refutance is systile. Your a$$ will be laminated. There are 10 kinds of people in the world: People who know binary and people who don't.
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Mark Nischalke wrote:
$60K a year can make you happy
I wonder what century that survey was done in? Try living in NYC on $60K/yr. The homeless people probably make $60K/yr!!! Marc
Marc Clifton wrote:
The homeless people probably make $60K/yr!!!
That reminds me of something that happened to me about ten years ago. Once or twice I gave money a few times to some "homeless" guy in a parking of my local grocery store. Later, I saw a news story about the guy. They had their reporter dress like another homeless guy and talked to him using a hidden camera. They found out he was making about $30K/year in cash, had a three room house, and took his boat out to the lake every weekend. At the time, I was technically making more, but because I had to pay taxes and he didn't, I was actually taking home less money. (Guess that's why they call him "homeless" :laugh: ) I was so infuriated - made me wonder, why the **** was I bothering to work for a living? (Don't get me wrong - if someone's going to a shelter every night, they need the help. But those guys on the freeway exits and in the parking lots? They are scammers!)
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http://www.cnn.com/2010/OPINION/02/11/ted.big.ideas/index.html?hpt=C2[^] $60K a year can make you happy Psychologist and Nobel Laureate Daniel Kahneman says millions of dollars won't buy you happiness, but a job that pays $60,000 a year might help. Happiness levels increase up to the $60K mark, but "above that it's a flat line," he said. "Money does not buy you experiential happiness but lack of money certainly buys you misery," he said. But the real trick, Kahneman said, is to spend time with people you like. And Bill Gates is so miserable with all his billions. ;P
I know the language. I've read a book. - _Madmatt
Mark Nischalke wrote:
And Bill Gates is so miserable with all his billions.
I think he's above the 60k mark. RTFM.
I wanna be a eunuchs developer! Pass me a bread knife!
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Mark Nischalke wrote:
And Bill Gates is so miserable with all his billions.
I think he's above the 60k mark. RTFM.
I wanna be a eunuchs developer! Pass me a bread knife!
Mark Wallace wrote:
RTFM.
:confused: :confused:
I know the language. I've read a book. - _Madmatt
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Marc Clifton wrote:
The homeless people probably make $60K/yr!!!
That reminds me of something that happened to me about ten years ago. Once or twice I gave money a few times to some "homeless" guy in a parking of my local grocery store. Later, I saw a news story about the guy. They had their reporter dress like another homeless guy and talked to him using a hidden camera. They found out he was making about $30K/year in cash, had a three room house, and took his boat out to the lake every weekend. At the time, I was technically making more, but because I had to pay taxes and he didn't, I was actually taking home less money. (Guess that's why they call him "homeless" :laugh: ) I was so infuriated - made me wonder, why the **** was I bothering to work for a living? (Don't get me wrong - if someone's going to a shelter every night, they need the help. But those guys on the freeway exits and in the parking lots? They are scammers!)
Hired Mind wrote:
a. They found out he was making about $30K/year in cash
There was an article in the paper when I was living in San Diego with similar stories. I agree--quite infuriating! Marc
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Anybody who tells you money is the root of all evil is also getting the quote wrong. Edit to add: The original quote, not the Boiler Room quote.
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Mark Wallace wrote:
RTFM.
:confused: :confused:
I know the language. I've read a book. - _Madmatt
'"Happiness levels increase up to the $60K mark, but "above that it's a flat line," he said.' That doesn't mean that Gates is miserable, but that he would have been just as happy at 60K. It ain't rocket surgery.
I wanna be a eunuchs developer! Pass me a bread knife!
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http://www.cnn.com/2010/OPINION/02/11/ted.big.ideas/index.html?hpt=C2[^] $60K a year can make you happy Psychologist and Nobel Laureate Daniel Kahneman says millions of dollars won't buy you happiness, but a job that pays $60,000 a year might help. Happiness levels increase up to the $60K mark, but "above that it's a flat line," he said. "Money does not buy you experiential happiness but lack of money certainly buys you misery," he said. But the real trick, Kahneman said, is to spend time with people you like. And Bill Gates is so miserable with all his billions. ;P
I know the language. I've read a book. - _Madmatt
It's all about getting whatever it is that you want. So, no matter how much money you have, a baseball player with no arms will probably never really be happy. However, considering the majority of the population probably prefers to satisfy their inante and gluttonous desire for an accumluation of "things", money usually does the trick. Money can buy you happiness. Though, of course, it all depends what it is that brings you that happiness. ;P
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Mark Nischalke wrote:
$60K a year can make you happy
I wonder what century that survey was done in? Try living in NYC on $60K/yr. The homeless people probably make $60K/yr!!! Marc
that is a "chicken and egg" scenario. If everyone in NYC made 60K/year then it would be easy to do so. The only reason it costs more than that is because people have the money to spend. There is nothing inherently about NYC that makes it more expensive to build houses or more expensive to run a grocery store.
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http://www.cnn.com/2010/OPINION/02/11/ted.big.ideas/index.html?hpt=C2[^] $60K a year can make you happy Psychologist and Nobel Laureate Daniel Kahneman says millions of dollars won't buy you happiness, but a job that pays $60,000 a year might help. Happiness levels increase up to the $60K mark, but "above that it's a flat line," he said. "Money does not buy you experiential happiness but lack of money certainly buys you misery," he said. But the real trick, Kahneman said, is to spend time with people you like. And Bill Gates is so miserable with all his billions. ;P
I know the language. I've read a book. - _Madmatt
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http://www.cnn.com/2010/OPINION/02/11/ted.big.ideas/index.html?hpt=C2[^] $60K a year can make you happy Psychologist and Nobel Laureate Daniel Kahneman says millions of dollars won't buy you happiness, but a job that pays $60,000 a year might help. Happiness levels increase up to the $60K mark, but "above that it's a flat line," he said. "Money does not buy you experiential happiness but lack of money certainly buys you misery," he said. But the real trick, Kahneman said, is to spend time with people you like. And Bill Gates is so miserable with all his billions. ;P
I know the language. I've read a book. - _Madmatt
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Mark Nischalke wrote:
$60K a year can make you happy
I wonder what century that survey was done in? Try living in NYC on $60K/yr. The homeless people probably make $60K/yr!!! Marc
But is anyone who lives in NYC happy anyway? NYC probably had to be excluded from the study as an anomaly... Move somewhere cheaper and be happy. Or you could just adjust the 60K figure for relative COLA in your location.