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Old 07-13-2013, 08:19 AM   #61
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No question that YMMV applies. Asceticism as a religious value would work to lower such a number.
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Old 07-13-2013, 01:05 PM   #62
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I struggle to understand this whole issue. Why would someone need "research" to tell him what he needs to be happy? Surely a person knows what he likes, and what is not important. So if you are not getting value for your spending, spend more wisely. If you are, carry on.

Q.E.D.

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Old 07-13-2013, 01:16 PM   #63
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Quote:
Originally Posted by haha View Post
I struggle to understand this whole issue. Why would someone need "research" to tell him what he needs to be happy? Surely a person knows what he likes, and what is not important. So if you are not getting value for your spending, spend more wisely. If you are, carry on.

Q.E.D.

Ha
Agreed, see my post #23:

The Third Metric: Redefining Success Beyond Money & Power

-ERD50
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Old 07-13-2013, 03:26 PM   #64
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I agree with this. Regular polls here or at Bogleheads show that most people are ok with monthly spending between $2,000-4,000, or about $75k gross I guess. Most people here seem to be happy with this level of spending also, which is good to know for those like me who plan to FIRE. So the rest of our time can be spent on the third metric.

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Originally Posted by NW-Bound View Post

My point was that by choosing a suitable lifestyle, it appears that some can achieve happiness with much less than the commonly accepted $75K/yr. Maybe they did not get the memo.

And if we ask these millionaire gurus who preach simplicity, I suspect that they would call $75K/yr a miserable lifestyle.
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