Income
topic on 5 shows · 9 statements across 8 episodes
More or Less
the Knowledge Project
BigDeal
My First Million
the Paul Morris Podcast
9 statements about Income, every show
Taylor: True Wealth Is Runway Without Working, Not Earned Income
“The problem is the majority of us look at wealth through the amount of income we make. We don't calculate wealth based off how long do I not have to work and I'm still okay.”
Housel: Financial Contentment Is Achievable at Lower Incomes Than Most Expect
“What people actually want to get to, what they aspire to, whether they know it or not, is contentment, which is not happiness. It's a different emotion. You'd want to get to a point where you're just like, I'm good. Like, I'm very grateful for everything that …”
Sanchez: Research shows high IQ does not lead to higher income
“There is little to no research that high IQ leads to higher income. Now there is research that shows really low IQ or very Like lower mid IQ and below does materially show that you're going to make less money. Lots of research showing that, but there's not a l…”
Sam Lessin: Reaching wealth through income alone is mathematically impossible
“There's no way to like earn your way into the upper class anymore. Right. Into wealth is not mathematically possible. The way to do it through income. Right. The only way to do it is to make highly asymmetric bets with your time. Right. Or with your capital.”
Research shows happiness increases up to $500,000 in income, then plateaus
“It shows that happiness increases post 500 K in income or up to 500 K in income. After 500 K, there's sort of these plateaus, and it's not really materially different.”
Holiday: Childhood perceptions of money persist even as income grows
“Kind of like what seems like a lot of money to you as a kid always remains a lot of money to you, even as your income goes up.”
Puri: Life satisfaction rises with income beyond $75,000 without plateauing
“If you actually look at the chart shows that if you look at it on a non log scale, which he puts the graph here, it's basically like the more money you have, the more your satisfaction goes up and there's no flattening out. It doesn't go up at the same rate. S…”