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Is life easier making less money?

Old 03-01-2018, 09:08 PM
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Default Is life easier making less money?

Wondering

It takes more money to make more money, more time and effort. I feel like I am back at the start of a megaman stage. Just at a different level.

Certifications, continuing education hours, parking passes, bridge toll passes, more hours, more taxes.
Maybe I'm doing something wrong.

There's a sweet spot I believe, law of diminishing returns or something.
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Old 03-01-2018, 09:10 PM
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Default Re: Is life easier making less money?

$75k is the sweet spot according to studies. $95k is the the upper limit of the happiness scale.
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Old 03-01-2018, 09:11 PM
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Default Re: Is life easier making less money?

You live in an expensive area. You have to work much harder to not be poor/ struggling. Move out of CA and you’d be shocked how far 70-80k a year goes.
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Old 03-01-2018, 09:13 PM
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Default Re: Is life easier making less money?

Hey grimace, but if I move out of California, won't the pay in the area I move to balance everything out?
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Old 03-01-2018, 09:49 PM
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Default Re: Is life easier making less money?

No
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Old 03-01-2018, 09:54 PM
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Default Re: Is life easier making less money?

Depends on your lifestyle. Some people can live a simple life, not talking about small living spaces but hey that might be it as well. then you have the one's who desire nice cars, big king ranch living
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Old 03-01-2018, 10:37 PM
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Default Re: Is life easier making less money?

I recently saw a video on McMansions.

I remember going to Sacramento to pic up some car stuff and driving through a suburb. I saw some huge houses that I could not say why, but they were uggly.

I always thought "mcmansion" was a term for just big cookie cutter homes. But there's more to it than that. And indeed the video explained why they are ugly.It's not designed. Imagine if caar manufactures remove artists and engineers and let the accountants design the cars.
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Old 03-01-2018, 11:01 PM
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Default Re: Is life easier making less money?

Originally Posted by rico91stang View Post
$75k is the sweet spot according to studies. $95k is the the upper limit of the happiness scale.
The perfect median.
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Old 03-02-2018, 01:20 AM
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Default Re: Is life easier making less money?

Yes there is definitely a sweet spot but that number varies on your location and profession for sure.

Speaking from experience, 7 years ago I was doing okay, didn’t go without but had a decent salary by any standard that allowed me to do most things I wanted without living in excess. Through progression and working myself into the ground, my salary jumped to 4x that in short order, but I’m positive that my overall happiness didnt increase by any stretch. In my previous consulting position I remember one of those years had 189 hotel stays and 125k miles flown, I was buying **** just to justify why I was putting myself through bullshit, it was madness and the rat race by every definition. Fortunately, I’m in a better spot now professionally and even took a bit of a pay cut last year to take a position that provided better balance.

Last edited by itrSteez; 03-02-2018 at 01:36 AM.
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Old 03-02-2018, 03:04 AM
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Default Re: Is life easier making less money?

Once my debit is paid off minus the house, 70-75k would be very comfortable. We are also moving towards more sustainability like raising chickens, canning food, gardening, eventually solar to supplement power and a wood burning stove for winter. To me all that stuff is work yes, but Id rather do that work and learn new skills then be in debt / rely on money for everything. If I lose my job, we would still be fine.
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Old 03-02-2018, 03:15 AM
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Default Re: Is life easier making less money?

sweet spot? haha, no. I always want more money.

those studies obviously did not interview me.
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Old 03-02-2018, 03:57 AM
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Default Re: Is life easier making less money?

Maybe if you don’t have a family, but if you do, money > personal happiness
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Old 03-02-2018, 04:13 AM
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Default Re: Is life easier making less money?

It's not about how much you make, it's about how much you spend, THAT is the real trick.

Yo can live comfortably with less if you don't have to keep up with the Johnson's or having to have the latest gear.
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Old 03-02-2018, 04:16 AM
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Default Re: Is life easier making less money?

Originally Posted by stackz View Post
sweet spot? haha, no. I always want more money.

those studies obviously did not interview me.
There is little difference in your real happiness scale from
$95k to $1mm per year in salary.
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Old 03-02-2018, 04:18 AM
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Default Re: Is life easier making less money?

I was always told get as close to six figures as you can without actually going over it for tax reasons (like if you make $105k/yr you actually get taxed more so you'd end up making less money compared to if you made say $95k)

My wife and I combined make roughly $100k/yr combined but I know if she was making a bit more things would definitely be a lot easier and we could afford to travel more
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Old 03-02-2018, 04:19 AM
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Default Re: Is life easier making less money?

my SIL is the definition of a welfare queen/bum/leach on society/etc.

It's easy to criticize her because she lives with her parents when she's not in jail and seemingly never has a job for more than a couple of days at a time.

but I wouldn't wish her life on anyone.
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Old 03-02-2018, 04:19 AM
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Default Re: Is life easier making less money?

Originally Posted by Pinja View Post
I was always told get as close to six figures as you can without actually going over it for tax reasons

My wife and I combined make roughly $100k/yr combined but I know if she was making a bit more things would definitely be a lot easier and we could afford to travel more
TFW we were finally excited to get our child tax credit only to find out thats only for poor people
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Old 03-02-2018, 04:23 AM
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Default Re: Is life easier making less money?

No. You need to make enough to live comfortably. After you meet that criteria then yes it's diminishing returns on money = happiness because it doesn't. But not having enough money does indeed cause stress and unhappiness.
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Old 03-02-2018, 04:23 AM
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Default Re: Is life easier making less money?

Originally Posted by rico91stang View Post
There is little difference in your real happiness scale from
$95k to $1mm per year in salary.
That depends on the person, maybe on average

a lot of people that make a million/year are workaholics. There are other people that would take that money and buy things that genuinely make them happy and experience things that you couldn’t on 95k a year.
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Old 03-02-2018, 04:24 AM
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Default Re: Is life easier making less money?

Originally Posted by rico91stang View Post
There is little difference in your real happiness scale from
$95k to $1mm per year in salary.
says you haha.

I will show you how much happier I can be with $1mm vs $95k
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Old 03-02-2018, 04:27 AM
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Default Re: Is life easier making less money?

Originally Posted by sflkgjsfndgn View Post


That depends on the person, maybe on average

a lot of people that make a million/year are workaholics. There are other people that would take that money and buy things that genuinely make them happy and experience things that you couldn’t on 95k a year.
Workaholics get their high from work more than the lifestyle the money provides. The amount of work $1mm takes is exponentially more than what $95k makes, and it only gives you more “house money”. You got real comfortable around the $95k mark.
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Old 03-02-2018, 04:29 AM
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Default Re: Is life easier making less money?

Originally Posted by stackz View Post
says you haha.

I will show you how much happier I can be with $1mm vs $95k
How much more work would you need to do to get to $1mm/year? Be honest with yourself. Would you have time to enjoy all that extra cash? Not as much time as you are likely thinking.
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Old 03-02-2018, 04:34 AM
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Default Re: Is life easier making less money?

Yeah sorry I'm not working 80 hr weeks and having a phone on me at all times to answer emails/calls. If someone else is happy doing that to make extra bucks more power to them.

But my off time is MY off time. Bringing work home with you is just added stress.
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Old 03-02-2018, 04:37 AM
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Default Re: Is life easier making less money?

Is life easier with less oxygen?
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Old 03-02-2018, 05:00 AM
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Default Re: Is life easier making less money?

Originally Posted by 09chaplak View Post
Is life easier with less oxygen?
+1

OP's question is about as asinine as this one. Is a marathon easier breathing through a straw?

Life is definitively easier making more money. Less cares about debt, if any. More freedom of choice, freedom of movement. Less, if any, stress from bills, mortgages, insurance, medical problems, tuition, retirement, supporting dependents, putting food on the table, etc. etc. etc.
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