this post was submitted on 07 Aug 2023
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As someone upper-class who hangs around rich people: Yes, money solves your problems, and yes, money is a great way to be happy
That's only true to a point and that point is not very high. There is some good literature on this, but after a handful of standard deviations above high-average income the happiness effect plateaus. Multimillionaires aren't any happier than millionaires and often work more / stress more to get there.
You know, I happen to be ok with it plateauing, as long as I’m on the damn plateau.
I’m not even within view range of the plateau at the moment. Might even be a different continent.
But then, I’m not dumb enough to keep working/trying to earn more once I’m set to be comfortable for the rest of my life. So maybe that’s the difference.
That is a problem that I am very willing to have
But what if 10 mil is enough for me to never work again and just spend all my time doing stuff I actually care about? I might even do work that matters to me that doesn't normally pay well if I can control it myself.
A decent house costs over a million where I'm at, I don't think those studies account for inflation
Steeve, unless you live in Palo Alto, you have a very pinky in the air definition of decent. I said X SDs above the average so that would account for inflation. I don't know the current number. At one point I think it was like $270k a year. Nothing completely insane. I would guess now it's probably like $450k a year roughly. You make that and you are as happy as someone making double that.
Southern Ontario, Canada, namely the GTA. Houses with boarded up windows have sold for $600k.
Lol bullshit