486: When is Enough, Enough? Does Money Buy Happiness?

We have discussed previously on the podcast the concept of the 3x rule when it comes to money. Essentially, no matter where you are on the money spectrum, on average, we think we would ultimately be happy if we made 3x our current income.

Turns out, this is not the case as each time you get closer to that number, your 3x increases as well. Studies taking place in the “blue zones” of the world, and interviews with centenarians, also show that money does not correlate with the longevity of life or happiness.

Rob and Kim share their perspectives on this topic as they are work their way through reading The Psychology of Money by Morgan Housel.

The Psychology of Money by Morgan Housel – https://www.amazon.com/shop/kimmurgatroyd/list/7HQNWQBKYXKC?ref_=cm_sw_r_cp_ud_aipsflist_aipsfkimmurgatroyd_Y8F2R24457BQMMNVFGC0

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