Money Doesn't Buy Happiness.

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How Much Money is Enough?

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Life brings us troubles and concerns especially dealing with money. Every day we wake up either happy or sad or even depressed that we have to go to work. So the question that arises from us is how much money is enough?

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Truthfully, we want to know how much money do you need to be happy? You have probably heard that money doesn't buy happiness, but it could buy other things.

Money Doesn't Buy Happiness.

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A study done by Princeton University determined that at an income level, around $75,000 is the perfect medium for happiness.

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It can buy many things that happiness accompanies, and it can buy us freedom. The money we use to increase our wealth works for us to create, produce, and make us have enough to set us free to pursue our passions.

Money Doesn't Buy Happiness.

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So How Much Money is Enough?

That is the question people want to know. If money cannot buy happiness, then at what point can we determine how much money is enough?

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How much Money is Enough to Retire?

Maybe the goal is to have an income of $40,000 per year to travel the world without going broke. As you can see, this number may be different depending on the individual.

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When we determine our FI (financial Independence.) number, we need to do some math. We are going to spend $40,000 a year. At a rate of inflation of 3% and a yearly increase of our assets of about 7-8% per year. We can determine that a safe withdrawal rate is between 4-5%.

Determining Our FI Number:

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Determining Our FI Number:

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We have a number that we can use to determine how much money is enough to retire. All we need to do is determine this number and get working on our goals.

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