Money can boost well-being up to a point, after which its power lessens considerably. In 2010, Princeton University researchers put a figure on happiness – roughly $75,000 in salary. "Low income exacerbates the emotional pain associated with such misfortunes as divorce, ill health and being alone," write study authors Daniel Kahneman, a Nobel-prize winning psychologist, and economist Angus Deaton. "Perhaps $75,000 is a threshold beyond which further increases in income no longer improve individuals' ability to do what matters most to their emotional well-being, such as spending time with people they like, avoiding pain and disease, and enjoying leisure."
In other words, a certain amount of wealth relieves financial stress and its associated hardship. But the absence of such worries doesn't necessarily bring about happiness. And once you're financially secure, the returns diminish on your extra revenue. As Norton puts it, if you double an income of $10,000, you've got a profound life change. But an extra $10,000 on top of a $1 million salary? The bump is marginal.
Consider, too, a principle that happiness researchers call "hedonic adaptation," which is to say, you get used to the niceties – a new car and roomier digs – and, as you do, the lift they provide wears off. (Suffering hard blows, sadly, has a more lasting impact, Norton says). In his research with co-author Elizabeth Dunn, a University of British Columbia psychology professor, Norton asked wealthy British investors how much more money they would need for life to be a "perfect 10." Despite the range of their earnings, all of them answered they would need to triple their income.
Once you have enough income to allow you to focus on other things, true happiness becomes a question. How to get it and how to maintain it. It is all in the attitude.
I have been working on my personal mental attitude for many years and have gotten a good hold on it. I choose to have a positive mental attitude and I almost always feel happy.
The greatest discovery of my generation is that we can alter our life simply by altering our attitude of mind. We cannot change our past. We cannot change the fact that people act in a certain way. We cannot change the inevitable. The only thing we can do is play on the one string we have, and that is our attitude.
Happiness is an attitude of mind, born of the simple determination to be happy under all outward circumstances. The happiest of people don't necessarily have the best of everything they just make the most of everything that comes their way. Knowing that you are doing the right things, for the right reasons helps a lot.
The greatest day in your life and mine is when we take total responsibility for our attitudes. That's the day we truly grow up. Attitudes are a secret power working twenty-four hours a day, for good or bad. It is of paramount importance that we know how to harness and control this great force.
Our attitudes control our lives. Keep on keepin’ on. Things seem to get easier as you get older and, of course, have more money to solve the little surprises that life throws your way.
Love and peace to you, forever.
· 4 years ago