This morning on my drive into work I was listening to z100 -- a very popular NYC radio station. They were talking about money, and the head of the radio show (Elvis) was arguing that people dislike talking about money and how much they make. He clearly makes more than the others who were having the discussion.
Elvis went on to say that money did not make you successful or happy; investing your money well made you rich, it wasn't how much you made, and happiness can not be gained from money.
Another on the show then said, "Yeah, but give someone who is making 30K a 100K paycheck and they will be happy!".
Everyone laughed and the show went on.
Elvis made a great point about investing -- if you make 30K and have been investing as much as you can for the past 10 years you are better off than someone making 100K who has never invested.
It was interesting to see the "Every-Beer-Guzzling-Man" character make the comment about the 100K paycheck. With a current salary around 50K, I imagined suddenly waking up one morning and starting to earn 120K -- what would I do?
First off, I would totally go shopping. I would spoil my family and friends -- and then? And then I would most likely get bored and think I wasn't making enough, and then start living through credit cards, and on and on.
Money isn't the answer, it is what you do with that money that makes all the difference.
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