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Less-Is-More Blog by Pierre Khawand

Which Drives Your Happiness? High Net Worth or High Net Growth?

Posted by Melissa Sweat on Tue, Aug 30, 2016 @ 09:55 AM

melissa_sweat_100x100.jpgby Melissa Sweat, Customer Relationship & Community Manager

We've all heard the adage that money can't buy you happiness. But this timeworn maxim isn't entirely true.

"Once people surpass $75,00 in annual net income, which would be about $82,000 in today's dollars, they experience no statistically signifiant bump in their day-to-day emotional well-being," states author and speaker Jenny Blake, referencing a 2010 study by Nobel Prize winner in economics, Daniel Kahneman and Angus Deaton, past president of the American Economic Association.

So, once we achieve a certain level of economic security—which can provide things like a comfortable residence, travel funds, and expendable income for pleasure and activities outside work—we reach a point where money no longer contributes to happiness. So what does?

Career goals: net worth versus net growth

In her recent podcast, "Are You High Net Growth", Blake suggests that the driver of purpose and fulfillment isn't about worth, but about growth:

"High net growth individuals love learning, taking action, tackling new projects, and solving problems. They are generous and cooperative, and have a strong desire to make a difference."

Learn more in the podcast, and join us for a FREE webinar Thursday, September 1, 2016 presented by Jenny Blake, "Pivot: The Only Move that Matters Is Your Next One."

(We'll also be giving away 3 copies of her new book!)

Topics: career, business results, time management tips, productivity, leadership