Saving more rather than earning more might just be the key to happiness! I’ve noticed that I’m genuinely happier when people point out my frugality—like not splurging on a new car or fancy watch. It just reinforces my commitment to save, especially when it’s for a good cause like helping children.
I once gave up delicious cheeseburgers from popular joints like Shake Shack to fit into a pricey pair of jeans I bought when I was 23. The guilt from that purchase turned into a lifelong commitment to staying in shape, so I’d never need to buy expensive jeans again. It’s funny how a single spending decision can shape your habits for decades!
Moreover, I’ve been conned a few times—by a taxi driver who took the scenic route or a salesperson who sold me something right before it went on sale. These experiences made me even more cautious with my spending. I figured if I don’t spend, I can’t lose money.
The blog Financial Samurai focuses on increasing happiness by doing more of what brings joy and less of what doesn’t. Personally, flipping burgers for $3.65 an hour to later earning much more than the President wasn’t as satisfying as achieving the perfect balance of a $200,000 yearly income with significant savings.
Surveys show a clear picture: people with over $100,000 in savings are much happier compared to those with less or no savings, regardless of their income. This indicates that savings impact happiness more than how much you earn.
Dealing with the negativity of earning more than $150,000, which often brings additional stress and work, taught me valuable lessons about physical and mental health. The pain from job-related stress disappeared soon after I retired.
We should replace the term “financial hoarding” with “super saving.” Super savers like me aren’t doing anything wrong; we’re just making rational choices to secure a happier future. Despite some negative feedback, this approach keeps us more content and financially secure than reckless spending ever could.
So, here’s the takeaway: aiming for an income of $150,000 to $200,000 with significant savings not only secures financial freedom but also maximizes happiness. Remember, it’s not about how much you make, but how much you save and keep that really counts toward a joyful, fulfilling life.
