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Yes Money Does Buy You Happiness - Even Beyond $75,000 Per Year! - How Money Works

Frames Yes Money Does Buy You Happiness - Even Beyond $75,000 Per Year! - How Money Works

Description Yes Money Does Buy You Happiness - Even Beyond $75,000 Per Year! - How Money Works

Comments Yes Money Does Buy You Happiness - Even Beyond $75,000 Per Year! - How Money Works

Sign up for my newsletter compoundeddailycom 👈 Comment from : How Money Works

Q: How much?brA: Enough Comment from : Aye Flippum

Always interesting, thank you Comment from : Articulate99

I earn double the national average, and it's enough to not have to think about money day to day, but, considering that the future is uncertain and there's no guarantee I can keep earning like this for 30 more years, I'm still miles away from owning a place to live in and a retirement fund It's a privilege to worry about your future in like 5 years and not next week or next month, but it's still far from feeling completely safe Comment from : Kai Katonina

👏👏🍻 Comment from : The frog

As a freelancer, a steady $75,00 a year would be fine, considering that my wife would make that as well Sure, more is betterbecause I would retire early Comment from : Borselino Thadchack

I agree that consistent upward mobility helps big time Comment from : Vicki Keiper

The middle sweet spot of FLOW Comment from : 𝚃𝚘𝚔𝚎𝚗 101

I poor as f and my life is miserable , and i can confirm MONEY CAN BUY happiness Comment from : A I

75k was the above average median income that time, no? So I guess as long as you earn more than 50 of the people around you, you are in a good place to be 😅 Comment from : webuser 2014

at this point 1000$ a month would make me happy Im 18 still at school so I dont earn any money yet, but Im learning a lot and maybe I will earn soon Comment from : Olsza

"More" is pretty much accurate I also relate to how much the context matters I was perfectly happy with my income when I lived in my grandfather's apartment in Tel-Aviv for a symbolic rent of $500, but now when I live in NYC for $2350, even though I technically make slightly more money, I have to really count my dollars and that budget-tightness makes it harder to be "happy" Comment from : Shahar Har-Shuv

i feel like how much u work for that amount of money also play a big part just think about it wouldnt u much rather work 2 hours a week for 75k a year rather than 60 hours a week? Comment from : Kian Bøg

whole point for me having a lot of money (at least 10million) is so that theortetically just about anything bad could happen and i'll still never have to work again assuming im not dead, and this applies to having a family Know whats awesome about being an artist? having 40 hours a week extra to just mess around enjoying life rather than contemplating not working Comment from : Lue C

I’m a father of two with a stay at home wife Currently at $135k base, I think around $200k-$250k base would be good enough for me I’ve realized I don’t want to climb too high on the corporate ladder because I really enjoy family time Comment from : Juwon Hill

my number starts at 100 million usd, and goes up from there 75000 is nothing on that scale Comment from : adnmoh1

Under $50k cannot afford vacation, leisure hobbies, phone bill, car insurance I could see at $75k being the level of not having to worry as much Past that the exponential level of happiness doesn’t multiply as high possibly Below that it’s a worry of being able to afford car, house, cell phone, gas, electricity, food, let alone having money to have a pet or a kid, dirt bike, or a vacation here and there, or whatever hobby it maybe Even the money to be able to invest in stock to gain more financial freedom I can see where this is the number for a “happy” life Comment from : ben kohout

With the housing prices in Europe you would have to earn 300k per year to afford the same lifestyle like our parents : big house, 2cars, vacations etcbrThat was the American dream oncebrWith 75k, much less after taxes you would need 30 years to buy a house here Comment from : Gnome

Money truly doesn't buy happiness, but if I can clear 150k a year, and my taxes go to good Universal social services, I will say I am a lot less stressed Comment from : Don Kin

ill remmeber this when i get rich Comment from : Wraient

I live in the Bay Area and for me my "happiness threshold" was at about 80k This was the point at which I was no longer living paycheck to paycheck Mind you, I was also living in shared housing (4 adults in one house), single, and no student loan debt or car debt Comment from : Amber B

After I have enough for a Porsche 911 GT3 and I'll be happy lol Comment from : Hoswoo

Im currently a student in Germany, i live off of about 10k a year in student wellfare As i dont realy own anything or have any money sinks other than rent and food, im living a pretty happy LifebrMore wouldn't hurt of course, but i cant say im unsatisfied Comment from : Chrizzi

As of 2023, I need to make 250k for me to be happy I calculated this because I am supporting my parents and I want to do so until they pass Currently I pay their mortgage on a 135k salary, but I need to make more, so I can support myself and my parents Comment from : Josh

I would say 100k is what would be a good middle class income if you are childless or only have one child Comment from : N Watson

"So you think that money is the root of all evil?"brbr"Have you ever asked what is the root of money? Money is a tool of exchange, which can't exist unless there are goods produced and men able to produce them"brbr-Ayn Rand Comment from : Jeff Chang

Even if I had 10T I would never be satisfied If not I would have settled on 10k per annum and been happy Comment from : kitsura

How Come sri lanka hvae two places in 1 list ? Comment from : Iran Thiyambarawatte

Good video @HowMoneyWorks! However, there were a few inaccurate and misleading statements used, which lead to incorrect conclusions There is a money-happiness relationship, but it's not what most people think For anyone interested in the truth about money and happiness, here is a great analysis of the best scientific papers on the topic: youtube/u9R_vRv5WmI And if you prefer a short 5-minute version, it's here: youtube/sW52zBpViGc And please don't take this as personal criticism, I am a big fan of your channel! Comment from : TRI Peter Parker

Did you read thinking fast and slow? Comment from : Lazy Ken

Of course money buys happiness They only say it doesn't to keep poor people from rioting Specifically, up to a certain point it provides freedom from many forms of unhappinessthe threat of untreated illness, homelessness, hunger, etc : unmet basic human needs Once you have enough to cover the bases, each additional dollar is worth less Comment from : Jay Reed

Living on a little over 75K right now in Phoenix, AZ Let me tell you, those $2,500-2,700 checks dry up quick with rent and loans I am hardly doing anything I set out to achieve on my long term goals list still Comment from : Billy Beck

"logarithmic diminishing returns" "proportional increase in income" lil bro rly just be throwing words around at random 💀 Comment from : Just a Gay without a Heterosexuality

You explain financial concepts so well Comment from : William DArrigo

Man I've been watching 4 videos in a row, because he always pitches the next one at the end Comment from : Wolfi

Only to shallow individuals this obsession with the money no other species on earth needs to survive or thrive is the problem but god forbid people get it through their skulls that money is one of the main tools used to enslave them to the industries owned by the so called elites god forbid you fucking fools learn about the very real alternatives Lol keep worshipping the main tool of your slavery!!! Way to go genius!!! Comment from : Recluseau Hermitticus

"Conventional wisdom": Money doesn't buy happinessbrMe having to figure out how to pay $7k/month for memory care for a parent: HehbrbrLegit biggest mistake in my life is not prioritizing making maximal money as early as possible Comment from : K V

60k was adjusted to 75k due to inflation Comment from : TheBrawlmastah

I think I will be happy with 30k Comment from : Symbiote

One Milliohns Dollahzz!! Comment from : The GenXican

$75,000/Year in 2023 in US you GO TO FOOD BANK, DUDE !!! 😂😂😂 Comment from : Roberto Barbiero

Income as a number is completely irrelevant I will own a property due to abundance in the family, but true happiness is a mixture of modest wealth, challenging work and enough time to follow one's passion while also being able to meet loved ones Currently at 52k € a year At around 70-80k would be quite nice Comment from : Bernhard Langers

The way you end your videos got me binging your videos right now and I just found your channel Well done sir Seamless Comment from : jackson wittwer

It depends on HOW that money is actually made My fucking stressful job buys me security, but it gives me anxiety as well Comment from : Marcus Aurelius

$200,000 passive Comment from : #VoteLaborOut_2022

It’s not just “more” It’s “it depends” Most likely your income will go up Most likely you will reach the top quintile at some point in your life The big lie is the average or median or quintiles mean what the stories act like they mean Comment from : Nunya Bidness

Given inflation, I'd say around $150k is now the cutoff to where you worry a lot less about being short every month $90k just isn't as much as it sounds anymorebrbrBut for myself and my family, and given the insane living costs of the northeast, I've calculated that I need $15k/m net in order to provide a decent home, get access to good schools, not have to worry about a car breakdown ruining us, all while banking nearly half that every month into a retirement fund in the slim hope that our investments are enough to live off of after 30 more years of inflation inducing reckless spending by congressbrbrSo yeah, all hope is lost Comment from : Lets Go Brandon!

actually if people want to be happy i think goldilocks zone is to calculate the amount of money needed for a lifetime without any work plus add up the inflation estimation and need a balance of Relationship good location Friends and Family and a purpose in Life the money things is calculated depending on where you live Comment from : Andy Ko

Because of the high cost of where I live and the goals I am trying to achieve, I think $100K will be ideal Comment from : Lydia

Thank God someone finally said something Every year I make more money, and I'm happier That seems pretty consistent, and a big motivator for me Not using credit to buy things, as they continue to get more expensive is amazing Comment from : DivingMonk

you should build a personal finance course and be a real one out there Comment from : José Miguel ullauri

I’d be extremely unhappy if I made 75k lmao Comment from : J

people who say "money doesn't buy happiness" are people who want to keep you poor at all costs Money does buy anything Power? Check Time? Check Happiness? Double Check Comment from : tf u lookin at m8

8:25 1 Billion Philippines Pesos to be exact TAX FREE Comment from : Benedict Contawe

Right Sobrbr1 Money determines 37 of happiness and its effect drops rapidly the more you have Meaning that after a certain point it actually doesn't buy you happiness, not in a way you can feel itbrbr2 Money buys you the ability to not suffer Shelter, food, education, medicine and other life necessities are essential in the quality of life Yes luxuries can have an effect as well, but not as big (and it has diminishing returns the more you get them)brbr3 The exact amount is relative As mentioned, the amount depends on your current life situation Concentrating on the 75k sum is avoiding to speak about the core idea of the research: "money stops buying you happiness at a certain point"brbr4 Money can't buy health, relationships or other truly important things Yes, you can go to a doctor but their ability to heal is limited You can go to psychotherapy but their ability to heal is even more limitedbrbrMoney is a tool we use to provide things When we have the things we truly need it becomes mostly irrelevant Comment from : Damjan Tomanovic

What about consumption of goods? Surely more important for day to day comfort Comment from : Matthew Leitch

The study was only a correlation study wasn't it? What if something like intelligence was a driver for both income and happiness? Comment from : Matthew Leitch

Money buys you safety Without safety achieving happines is harder Comment from : jal051

I make $250k/yr and I’m very happy Comment from : GothBatty

Partner and I are at 150k with both incomes We’re quite comfortable and feel like most of our wants are met or are achievable with a bit of saving up… until we think about children Going to need another 50k of income per kid to still feel that way Comment from : David Rubenstein

My favorite job was at a pizza place All the food I could eat and a happy healthy work life balance I had no bills since I was 16 I think the unhappy point was bills! Comment from : mr luckyleaf

Money itself is neutral Greed gets out of control and often creates dishonesty, extortion, and more evils Comment from : Portrait Art Academy

$75,000 per year?brWow, I only make $2,500 income per year, I'll never get happiness for the rest of my life Comment from : Faisal 84

I'd love to have a self sufficient 2500 sqm bunker with hydroelectric power and 5000$ per month and I would be fullfilled Comment from : Nathat Meethong

Wrong at $75k a year your wealth can start becoming exponential Comment from : The Habsburg

When i go to edit it says comgoogle HTTP I'm not able, Such Crimes💯 Comment from : Ronnie Delahoussaye Chauvin

Crimes💯 Comment from : Ronnie Delahoussaye Chauvin

Is it just me or has the voice over changed? Comment from : GOD

Is that 90000 figure before or after taxes? Comment from : Iian Tarver

8:26 - all All of them Comment from : Алексей Коротков

Money can't buy actual happiness, though having your needs handled is a relief Money makes most things easier, including achievement of dreams If you care about your goals, and if those goals make you happy, money can help you reach happiness Comment from : Strange Signal

My dad is easily the happiest person I know He lives on 25k a year For fun he raises cattle and makes enough money to pay for the hobby He has no internet, no TV, no fancy car, an ancient cell phone, a small house, and just enjoys walking around his farm and talking to his neighbors every day He has no interest in vacations or toys He didn't live in a house with electricity or in door plumbing until he was 14 He believes air conditioning is the greatest thing ever invented If more people had his mentality, there would be a lot more happy people in the world Oh and by living cheap and working hard as a truck driver he accumulated millions of dollars starting from nothing, even with two kidsbrbrSwap cattle for internet and a computer and I'm a 33 yr old version of him I make more money as an engineer than he ever did as a truck driver, but also have no desire to waste it on junk and vacations I have a 26 yr old truck with 180k miles, a house built in 96, two kids, dogs, chickens, and a computer I buit in 2015 I don't see what I could spend money on that would make me happier All I want is more time to enjoy the things I lready have Can't wait to have enough money invested to retire and spend more time with my family Comment from : Justin Shankle

less needs more happiness Comment from : jorge s

From the video I know the data was analysed using R² multiple/linear regression Comment from : Agyingi Babaca

I make $96k as a 27 year oldI'd be satisfied with $116k Extra $10k to compensate for inflation and another $10k bc I live in a metropolis Comment from : Anthony

your channel is about making money, and it is really good for you because you get the highest CPM of youtube ads, so there's no way someone with just a little bit of critical thinking will blindly accept what you are saying in this video all this way of thinking is extremely harmful and based on the rampant consumerism, financial, medical and housing insecurity that every US citizen suffers this study is too little to be conclusive on this really complex topic also, if someone goes from 1 billion USD to 2 billion USD, and this person is not a lunatic consumerist, I'm sure that there will be no changes in happiness Comment from : pito

at 2:45 the list shows United States at the 54 position but it is showed again at 5 really well made lol Comment from : pito

As long as you can pay everything that is needed and engage in meaningful hobbies, more money brings you as much happiness as taking more heroin, it's just you reward system in your brain that lets you follow an empty and miserable pursuit Comment from : TBsq

probably around 150-200k in NYC? Comment from : Yun Leung

I am pretty much convinced that the 75-80k per year figure sounds like a reasonable number to me at least My goal is just to live a comfortable existence for the rest of my days on this rockbrNot constantly living pay cheque to pay cheque Comment from : Catchintherift

Six figures at a minimum I don’t know if the economy will survive If I will have a job If I’ll get to experience the finest things in life If I will have a future If my kids will have a future If I will even have kids Will I be able to buy a nice house Can I do the things want when the government will steal half my pay check Will I still be a good person if I do make it in life? Who knows Comment from : Vladimir Efest

Enough to not be very worried about the future and sustain a healthy lifestyle Along with being able to afford a few hobbies and traveling This may look simple but you need a fuck ton of money to make it btw i'm single so if you have a family just multiple this amount by a lot Comment from : Franco Vivan Michelon

Hedonic threadmill, With money you can spend a lifetime chasing novelty and positive experiences with way less worry, anxiety and risk of dying or getting sick or injured You can't buy happiness But you can temporarily supress boredom, sadness and anxiety (or invest time and money in many tipes of therapy and medication) Btw with money that temporarily could be every 5 minutes Comment from : Franco Vivan Michelon

Constant progress is what makes the one happy, not achieving a specific goal in life, unless your goal is a constant progress Comment from : MrFromminsk

As a part of the lazy group, give me pets, enough money that I can just automate my bills for a lifetime and as little work as possible and I will be the happiest Comment from : Lovela Snow

Wayyy less than $75k or even $90k Currently my wife an I live on less than $20k We live in europe where the rent is cheap We have a 19 year old Nissan Micra, we eat out at cheap non franchise restaurants most weeks I go swimming in the sea several times a week and that brings me a lot of happiness along with only working part time and using the rest of our time for more meaningful things Comment from : olafpayne

Yes money is happiness I'd be really happy with $75k a month Comment from : Hememez

I made $62,800 in a month as a FOREX trader for a prop firm called MyForexFunds (you can look it up) I was happy in that moment but my long term depression kicked in shortly after while I still had a large portion of the money I’m still unhappy and no amount of forex trading I don’t think will fix that Comment from : Kendell Friend

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