The news this week is that money can buy you happiness – or at least the right amount of money can.
Apparently the amount needed is a salary of £50,000 a year.
Below that level of income, there is no happiness and above that level there are diseconomies of scale and you have to work too hard and spend too much time away from your family to be truly happy,
The £50,000 figure is based on a Gallup survey of 500,000 Americans. The figure may be different for those of us here in the UK.
At Informed Choice we see things differently simply because we know our clients are all individuals with entirely different needs and wants.
For some, £100,000 a year is not enough and for others a perfectly good and fulfilling lifestyle can be enjoyed for much less than £50,000.
That’s where Financiial Planning kicks in.
Knowing just how much is enough and that you can build, manage and protect your wealth to enjoy the lifestyle you both need and want is where financial happiness lies.
