Topic: How much money is enough money? - page 4. (Read 2924 times)

Although happiness is a subjective feeling, studies of satisfaction/happiness show patterns across populations, and one pattern is that people in richer countries tend to rate their lives as more satisfying. In fact, research shows that money makes us happier on a personal level, too. The more money you have, the more happy you are. The thing with money is not that it makes us happy, but that it empowers us to feel free. So, even though money is rarely an emotional driver, it does provide us with some material things that are beneficial to our lives and it makes our lives easier. And it helps us to live more satisfying lives.

How much money does it take to feel happy? Or, is there an upper limit on the correlation between money and happiness? Here is what I think: Basically, additional income always brings more satisfaction, the rich, however,  need a larger bump to get the same level of happiness than the average person. For example, if you earn $25,000 or $35,000 a year, an extra $10,000 per year will mean a great deal, but almost nothing to someone already earning $ 250,000 or more. So, there is no need for everyone to aim for great wealth, but it is undeniable that life is easier with money, and our best bet is to find the optimal measure that suits us individually.

In order for any amount to be sufficient, first of all, it is necessary that you do not increase your cost of living as you increase your earnings. This is really a big poison for a lot of people, especially people who really care about brands and luxury. And that's not a matter of judgment, it's just a matter of logic. Everyone knows what it's like to live well for themselves.

But, I think that a sufficient amount is a value that allows you not to rent every second of the day and that does not make having 30 days of vacation a year or 2 hours - instead of 1 hour - of lunch a day your greatest happiness.

I recently decided to give up more money for more freedom, and having time makes the value of money less important.

I will answer your question with a question of mine. What is better than money? More money! Even Dangote and those other big names in the society who are business tycoons and have enough money to last the fourth generation, still look for the money. You feel they don't have enough money? They do but as humans needs are numerous and insatiable, there is this drive to continue looking for it.
 If you ask me, I don't think any individual has a limit to his need for money. Because someone can be content with a certain amount of money, but that doesn't mean he will not push for more if he has the opportunity.

A good question though - but when you have a comfortable life style and you are happy with it and the account is topped up every month - for me it is enough money.
Since I am a Lower middle class. So I think I need a lot of money to be able to call myself rich.

By defining enough money, it all goes down to individual, as what might be enough money for person A might be a small money to person B, in my opinion and as for me, enough money starts from a million dollars up to five million dollars I'm OK with that, basically most of it will go to charity and helping the less privilege ones. If it's only me and my family probably less

If one has money that it can be used take care of his family and do new project at any time  that is enough, as far as he does not beg for me to fund for his self, I think this can be enough live with.

The answer to this question is a perspective one, $1b can be enough money for someone, while for another it's just a half way success to what he/she could actually agree to be enough for them.


As far as responsibilities keeps knocking on the door no amount of money actually enough money.

In advance: You have enough money if you no longer have to go to work to finance your personal standard of living.

To name an amount of money would be the wrong approach. Who tells me that 1 million euros/dollars have the same value as tomorrow. That is not the case we all know: inflation. What if it is a hyperinflation? Then a loaf of bread might cost 1 million.

Therefore, we must first ask ourselves a few questions that a good store of value must fulfill.

What can not have inflation?
What can I take with me everywhere?
What can't anyone take away from me?
What can't be wiped out?

Answer: Bitcoin

Bitcoin is limited to about 21 million and cannot have inflation. By memorizing a few words, I can take it anywhere. Thus, no one can take it away from me if the value is dependent on knowledge alone. It can't be wiped out because anyone can set up a node or mine it.

So I would say I would need a certain amount of Bitcoin to be set. How high that is, I don't know off the top of my head.

The easiest way to answer how much is enough to stop working is to multiply your total annual expenses by 25. That's how much money you need to stop working. For example, if you spend $25,214 per person in the household unit, you'll need $630,350 per person, according to the BLS study above.

It really depends on what kind of lifestyle a person has. And how satisfied he is with what he has. Everyone has their own dreams in life, and everyone wants a good and comfortable life, especially if they have a child and a wife.

In today’s era in fact as we approach the future people are becoming more greedy for money and power, so as a result the poor are suffering even more, which is why others are forced to engage in illegal activities.

But even the world is in great turmoil today due to pandemics and widespread poverty caused by ongoing war and chaos and greediness for power and money. There are still people who are happy and contented with simple living and with the things they have built as a result of hard work and approach to work. Because they know how to value their hard-earned money and they are confident in their knowledge and ability.

Economics defines human needs and wants as insatiable. The need for having enough money is what drives people to go about the day making sure they make. One would ask, should Mike adenuga and dangote still find money? There is never a thing as enough when it comes to money because what is more greater than money is more money.

Look at Michael Saylor and Max Keiser?  These people are beyond rich.


They don't even need to do anything anymore.  I believe they are billionaires.  Why do they even care about any of this?

Making much money is the priority but money no matter how you get your money with it needs is strategic plan over it, because you can make so much money without having the ability to control and management over the money it will become useless from the way i notice the relative abundance of money, another thing you suppose to know is that you can not know when you make huge money

Thing is why do very rich people even care that much about money anymore?  Example, Michael Saylor talks about buying more btc for microstrategy.  He is already super rich.  What is the purpose of getting even more when he could probably just relax and not have a single care in the world?


Thus people with like 50 million dollar networth etc...whats even the point anymore for them?  They going to have enough money to last them and their generations forever.

Human's need is unlimited. There is no amount of money that one would acquired that would be enough. This is because your needs would always measure with your income. The more money you get the more needs you have.

But as a Christian the Bible talks about Righteousness with contentment. If you can feed, cloth, have shelter and pay your bills them you have enough money. The unnecessary crave for riches is why we have wars, unhealthy competition and exploitation. Hence, we must learn to be content with what we have per time.   

The point is to make so much money, that making money isn't the point any more.

How much money is enough? John D Rockefeller, at one point the richest man in the world and the first ever American billionaire, was asked that question once. His answer? JUST A LITTLE BIT MORE.

The answer would really vary from person to person, some just want enough to cover their expenses, some want as much as they can so they can keep on spending all they want and a few just want more money just for the sake of it.

Personally I want to aim for "F U money" as one of the "money-sellers" would call it but even that is subjective. Surely, you can't say F U to everyone.

This is entirely a question of perspective.

This question largely relies on information like, "What country do you live in?", "What are your living standards?", "What do you view as comfortable?"

Any change to these questions may change what you think will be "enough" money. What someone in Nigeria thinks is enough money, will almost certainly not be the same as someone from Dubai.

This person is asking you how much is enough for you, and you are busy responding to what you feel like to respond, we know that money never satisfy any body, the more you have much money is the time you have problem of you will solve with money many people do not believe that money is a problem of itself if you have small money a small problem will come your way and if you big money a big problem will come your way

When one can live lost a huge amount of money or give bigger amounts of money with having an effect in his account I think that is enough.  Living in a very comfortable life that demands expenses that's enough.