Your emotional well-being is made up of your joys and your stresses. This day-to-day mood is changeable according to how your day is going. According to a Princeton study, earning more money (up to a point) increases your well-being. Past that point (around AU$100K per year) no amount of money can ever increase you well-being. You have “enough expendable cash to do things… like going out with friends” so happiness stops increasing with disposable income. Above this threshold, your well-being can only be increased by increasing your free time, and using your free time well.
Modern life is overwhelming. Almost every part of our day is loaded with decisions, and many of the decisions have to be made quickly with limited information.
This is the one area where loving your job, and loving your family is a burden. The outcomes are important to you, and therefore the decisions you make become more stressful.
Buck the trend Science tells us we are getting less happy over time as materialism has increased. This is “because it takes time away from the things that nurture happiness, including relationships with family and friends.” The least materialistic people report the most life satisfaction. This is because they’re spending their time at a wine tasting instead of the car dealership.
Juggling all your commitments is stressful enough without everyone bickering with each other! You earn the money to keep your family going, you’re expected to find the best deals, pay the bills, and deal with everyone’s financial issues even though they got themselves into that mess in the first place! Just when you thought you didn’t have enough on your plate,