In this world, we often make the mistake of placing too much emphasis on making more money. We sacrifice time with family and friends, neglect hobbies that we enjoy, and constantly worry about keeping up with the Joneses. You’ll never be fulfilled by constantly chasing a bigger paycheck.
Ask any person on their death bed what they regret the most, and you’ll hear things like, “I wish I had spent more time with my kids” or “I should have learned to do ______.” You won’t hear things like, “I really should have spent more time at the office” or “I regret taking so much vacation time.”
On the flip side, failing to earn enough money has its own set of stressors. It wrecks marriages, causes depression, and leads to a life of constant strain. People often romanticize being poor, but the truth is, it sucks. You can’t enjoy life if you are constantly worrying about how to meet your basic needs.
So when I say “money is not important, until there’s not enough”, I’m referring to that middle ground. The sweet spot. The point at which you earn enough money to meet your basic needs AND have life-enriching experiences. Not necessarily enough money to have five houses and a yacht named after your Labradoodle, but just enough to be able to travel a few times a year or pay for a hobby that you love. When you get to that point, you can stop putting so much effort into thinking about money every second of the day and just enjoy life.
Hopefully now you understand why this site has a split personality. One day I may be showing you how to earn and save more money, and the next day I might be encouraging you to relax and spend money on something that other people think is ridiculous.
It’s all about balance.
Apparently, balance is achieved at $75,000 per year.