On a podcast a gentleman talked about the relation between money and happiness. It seems the relationship is logarithmic, people's happiness doubles when their wealth increases by 10 times.
What should I make of this for myself? Is this what I should expect to happen to me?
How many children on average do US families have? I believe it is something like 1.3. Do you know any family that has 1.3 children? Your parents had exactly as many children as they had. It is a fact and it is before you. You don't have to rely on National statistics to find out how things are around you.
I am not the average person from that study. I am what I am. I believe I will be happy when I reach my financial goal and have no need for any more, happiness or money.
We should be careful about how much attention we give to the aggregated metrics. Sometimes we may have hard numbers close by and no need to rely on aggregate numbers.
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