Posted On: 2006-08-03Length: 16:35
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Hi this is Joan and this is episode 53 of The Prosperity Show. Thanks for stopping by. Our show today is about can money buy happiness? Or will more money make you happier? But before we get to that, our main site is prosperityplace.com, where you can find lots of information to help you improve your relationship with money and yourself, and my book, "Build your Money Muscles-9 Simple Exercises for Improving your Relationship with Money." You can also subscribe to our free newsletter on my site, and get lots of good information. So today we're going to talk about can money buy you happiness. There was a terrific article in this month's issue of Money magazine, with the title, "Can Money Buy you Happiness." And they based some of the findings on a study that was published in Science magazine that was called "Would you be Happier if you Were Richer." And they also interviewed a number of people about happiness. Such an elusive word, what makes you happy. And that's what they were trying to find out, what makes people happy. The bottom line is, if you make more than $50,000 a year, you're happier than if you make less than $50,000 a years. And that goes for $50 to $90,000 a year. But after $90,000 a year, it doesn't make you much happier than if you earned between $50 to $90,000. So we're going to take a look at some of what they said, and see how this might affect your longing for more, your wanting to win the lottery, or anything else you're hoping to achieve that you think is going to make you happier. Ok. So, let's look at this.
Forty-two percent of the people who earn between $50 and $90,000 consider themselves very happy. Only 30% of the people who make between $20 and $50,000 a year consider themselves very happy, and only 20% of the people who make less than $20,000 a year consider themselves very happy. But what's interesting is only 43% of the people who make over $90,000 a year consider themselves happy. And what I think is really interesting is that only 42 to 43% of the people in those income levels are happy, or very happy. So, it's obviously not the money that has to do with whether you're happy or not. It has to do with who they are. That's what I say. And this was not discussed in this article, they were just looking at the people who consider themselves very happy. There's more people who consider themselves not very happy, and I want to know what the cause of that it. Because it seems to me that no matter what your income level, that finding happiness is something that comes from deep inside of you, and if you can find that place, then no matter what, how much money you have, you'll be living a comfortable life. But a couple of things that they pointed out that I think is interesting, is that...