1. Money doesn’t buy happiness
You may believe that you’d be happier earning more money, but studies have shown that’s true only up to a point.
For example, an expansive study published in the journal Nature Human Behaviour in January concluded that happiness peaks when income reaches $65,000 per year. Researchers noted that households that earned more money saw “no appreciable increases” in their happiness.
Economist Eric Tyson, author of “Personal Finance for Dummies,” agrees with such findings.
“Once people get beyond the poverty level and into modest levels of income, you don’t find correlations between higher incomes and greater happiness,” he explains.