Every once and a while there’s a new survey that comes out about money and happiness.
It’s like there’s always a search for the “magic number” that equals happiness.
A recent study by the University of Virginia analyzed data from 1.7 million people in 164 countries and found the ideal income is $95,000 for individuals.
And of course, families with children need more.
These surveys are entertaining because this number changes depending on who you ask.
Growing up, if I had asked my poor dad and rich dad this question, I would have gotten two completely different answers.
Take my poor dad for example.
He had a strong belief that the love of money was evil.
He thought that excessive profit meant you were greedy. And like many others, he didn’t believe that money could buy happiness.
He was a good, honest, hardworking man who did his best to defend his point of view that money wasn’t important in life.
My poor dad constantly said:
➡️ “Money isn’t everything.”
➡️ “I can’t afford it.”
➡️ “I’m not that interested in money.”
For a man who believed that money couldn’t buy happiness, he sure was miserable for not having it.
It grieved me deeply that his view of money contributed to his sadness.
Now my rich dad had a different point of view when it came to money and happiness.
He thought it was foolish to spend your life working for money and to pretend that money wasn’t important.
Rich dad believed that life was more important than money, but he understood that money was an important tool for supporting life.
To my rich dad, what was important was:
✅ Having lots of time to raise his kids.
✅ Having money to donate to charities and projects he supported.
✅ Bringing jobs and financial stability to the community.
My rich dad knew that things most important to him took money. He said, “Money is important, but I don’t want to spend my life working for it.”
My rich dad understood that money was just a tool that enabled you to do the things that brought you the most happiness.
I believe most people find the same things to be important that my rich dad did.
I know my poor dad did.
The problem for my poor dad, and people who think like him, is their attitude towards money.
Anyone with this negative attitude towards money will continue to be poor and miss out on the opportunities to fully do the things that are important to them.
The truth is that money isn’t everything, but it does help us do the things we love.
If you want to spend more time on vacation with your family that’s great, but of course that does take money.
I want everyone to do more of what makes them happy.
But, what I don’t want is for people to spend their life chasing money in order to do so.
My rich dad told me how to make money work for me, so I didn’t have to go out hunting it.
And that’s what I want for you
RichdadPoorDad by Robert Kiyosaki
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