Here's a great money question (preceded by a fill-in-the-blank statement) from page 209 of :
1. My current annual income is $_________________
2. In order to ensure happiness and contentment financially, with no more money problems and worries, my annual income would need to be $_______________
A few thoughts on this:
1. I think it's a great question (or exercise if you prefer -- I guess it's not technically a question) because it's very thought-provoking IMO. If you're not happy with what you make now, what amount will make you happy? Or will making more ever make you happy?
2. Of course, we all know people (and I write about them often) who make more only to spend it all -- and they are no better off (and not happier either.) So is income the real issue here?
3. For me, I'm way past the "happiness" level of income. Sure, I'd prefer earning $10 million a year (I could do this for three months and then retire), but realistically I am completely happy with my level of income.
So, after looking at the above, is there a gap between what you earn and what you'd like to earn? If so, how big is it and what are you doing to close the gap?