- Sep 25, 2001
Originally, it was thought $ doesn't buy happiness if you reached the basic needs stage of food/clothing/shelter.
Then it was happiness till $75k/yr income for a single person because financial safety net is met.
Once people get past a base level of security where their physical needs are taken care of and they have a financial safety net, “that’s where it gets tricky,” Thakor said. “You have to define happiness.”
Thakor often describes this in terms of “emotional wealth,” which she considers to be the next level of wealth that comes after a person’s physical and financial health. “What I’m referring to is not just clarity about what matters to you, but the ability to act on it, have time to enjoy it, and not feel stressed when you’re there,” Thakor said.
- With financial health, it’s about getting to a point where the lack of money is not causing stress in your life, which includes being able to handle emergencies.
- With the next stage (emotional wealth), it’s about identifying what makes you happy, and how to find a way to work that into your life.
So i guess if you reached the 'emotional wealth' level and don't know what makes you happy, keep trying different things until you find it since you have the $?
For the past few years, i've found a hobby i like doing. I spend many hrs a week doing it.
It's enjoyable but don't think it's the happiness level that the above is talking about.
It's more of just passes the time.
Unfortunately, i've stopped trying different things to reach that holy grail of happiness because i'm content on this hobby.