Money can buy happiness, but also some woes

tiffiant

Money can buy happiness, but also some woes
Survey looks at how much money buys a permanent smile
Mike Lloyd Sep 30, 2010 07:48:42 AM
Be the first to Comment  0 Recommendation(s) VANCOUVER (NEWS1130) - This just in: Money can buy you happiness! But it buys you a lot of grey hairs, too.

First, let's look at the happiness part -- how much cash would buy you a permanent smile? News1130 hit the streets to find out.

One man says, "What would it take? A million and a half! Get a part-time job somewhere and maybe buy a house. I'm not greedy." Others went as high as five million.

A survey for RBC, conducted by marketing firm HNW Inc, looked at folks with at least a million dollars in investable assets. It found an equal measure of yes's and no's in the happiness department.

The magic number is $5 million. With that kind of money, respondents say they were "much more likely" to feel happier, but about a third say the money brings as many problems as it solves.

The big worries are kids blowing any inheritance, going broke in retirement and succession planning for businesses

fibbi

*dreaming mode*

10M will get me worry-free life. Then at least I can spend $3-4M on house, $3-4M house for my parents, and probably <$100K for dream car, $50K for travel around the world, and then maybe $50K for some crazy shopping...hahaha
Of course, some for donation, and the rest saving!

BiscottiGelato

5M sounds like the right number that you can live comfortably for a long time, but not so much money you start worrying about inheritence and overly spoiled kids, etc.

快樂牛郎

The big worries are kids blowing any inheritance, going broke in retirement and succession planning for businessestiffiant 發表於 2010/10/1 00:12

If you had these worries, then money is not the issue here.