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Seven Financial Myths

Tuesday, July 30, 2013 - 3:31 PM

Some useful educational discussions.  For example, On whether money can buy happiness:

"Income increases also improved subjects' "emotional well-being" -- the quality of their day-to-day existences -- up until they reached the $75,000 mark. Earnings above $75,000 did nothing to improve subjects' daily attitudes. As income dropped below $75,000, test subjects also reported more stress and less happiness."

I am not sure that $75,000 is the threshold for happiness; but the point is that money can bring happiness only to a certain extent; beyond which people just get used to it quickly.  On the other hand, the lack of money can certainly bring misery to a person as well as her/his family. 

Steve Jobs found out at the last few moments of his life that all his wealth and fame turned dim/useless, and he should have spent more time pursuing/building more eternal matters such as love and arts.  Let this be a lesson for us all.
51hh51hh1,476 posts since
Jan 16, 2010
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