Wealth = Owning Your Time
$108,551.82. That’s the income threshold when time becomes worth more than money.
$108,551.82. That’s the income threshold when time becomes worth more than money.
For example, a corporate CEO might purchase a second multimillion-dollar McMansion, but the joy it brings pales in comparison to being in town to attend his son’s next high school basketball game.
According to studies from Princeton university in 2010, happiness plateaus at an annual income level of around $75,000 (adjusted for inflation, that’s roughly $108,551.82 in today’s dollars).
Of course, everyone’s situation is different, and the figure doesn’t consider some individuals have amassed enough savings to earn that income threshold from dividends and interest income alone.
And now they have a new problem—too much time! They’re bored and seeking something more fulfilling.
Ultimately, once you've secured a comfortable life, time becomes the more valuable resource.
What is your income number, and how will you balance your time when you get there?