Would knowing that you are among the TOP 1% earners in the world make you happy?
How much does one need to earn to be among the TOP 1% of the world?
US$ 34,000 or about S$ 45,000 per year.
Only so little?
Don’t you feel much happier already? After all, often it only depends on the perspective on life you take to feel grateful and happy!
Still have doubts that this could be true?
Source: World Bank economist Branko Milanovic “The Haves and the Have-Nots” (2010). Ok, that is a bit old data. But I reckon the figures have not shot up by too much since then.
Want some more? Going down the distribution ladder may be just as surprising. To be in the top half of the globe, you need to earn just US$1,225 a year. Enter the top 10% with US$12,000 a year. To be included in the top 0.1% requires an annual income of US$70,000.
Now imagine someone who goes to ends of the earth to save and invest because they need to fund an expensive lifestyle they’ve become accustomed to. Then, decades later, they realize they don’t need much to be happy in life and want to cut way back.
Having more money than you need is a nice problem to have, but spending your life working like a slave to pay for stuff you no longer want can be a devastating realization.
Let’s check in with the age-experienced and listen:
In his book 30 Lessons for Living, gerontologist Karl Pillemer interviewed 1,000 elderly Americans and reported:
No one — not a single person out of a thousand — said that to be happy you should try to work as hard as you can to make money to buy the things you want.
No one — not a single person — said it’s important to be at least as wealthy as the people around you, and if you have more than they do it’s real success.
No one — not a single person — said you should choose your work based on your desired future earning power.
The natural reaction for young people who read that: “this has to be bull.”
The younger you are, the more likely you are to believe that more money is the key to happiness.
I am convinced that there’s a gap between what you think your goals are when you’re young and what you wish your goals were when you’re older.
Tell me, if you think I am wrong (the comment section is awaiting your thoughts) ….
If you tend to agree, however, why don’t you use this 1st of May to ponder the choice to STOP the humdrum of chasing after more and more money, power, status, or fame. Take some time to reflect deeply as to whether this way of life is hurting you and your stakeholders, or if it is truly satisfying to you as an individual.
“He who knows he has enough is rich.” – Lao Tzu
Bonus: 13 minute video for the younger reader “The 3 Most Important Questions“