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Chief
Satisfaction isn’t the point. It’s about the growth.
What he said
Yea I used to think I’d never have a 6 figure job and here I am a few years out of college making $140k and it’s still not enough. Although granted a lot of that is due to general inflation and the immediate hyperinflation going on right now. But I’m already thinking I’ll be happier at $200k. And once I get there I’ll be thinking about $300k. I don’t think it ends tbh
I think I’d be satisfied at $200K. I’ve found that the higher you go, the more stress you face and more hours you devote to work. I think $200K would be a nice balance.
Currently at $165K, age 26.
where do you work?
Chief
I’m in a high COL area with two small kids. I’d say a HHI of 500k, but could probably swing feeling satisfied at 400k. Currently at about 325k.
$350k HHI should be enough to cover everything, live really well, and still save 100k + per year after taxes so that
So everywhere but SF and NYC.
Probably 200k base but I'm not dissatisfied at the moment.
If household income is at $350k, I'd be pretty happy. We would save at least half of it every year.
Statistically people are no happier after $75k. You can live better, more comfortable, nicer stuff less worry about $ and better lifestyle but no increase in happiness. Happiness is different from those things.
True story here. A friend of mine from many years ago who was a financial executive sat down and did some figuring. He said he worked out exactly what you are asking. He jotted down figures for some things, estimates for others and came up with an exact cost-of-living adjusted number. He said that after he worked it all out the exact amount needed was: just a little bit more.
I remember this study. I can’t find a link, but a follow up looked at satisfaction versus happiness and found that satisfaction increased with income. The $75k also wasn’t controlled for COL, good luck telling someone in a metro area they’ll be good to go w 75k hahaha
Just made commercial M and I’d be happy with $170k base
Chief
Your question is fundamentally flawed. What would make you happier with life? Figure that out then start solving, some of the items can be expedited with money but you’ll find there is a workaround to 90 percent.