My First Million
The best business ideas come from noticing what's working and doing it better, faster, or for a different audience.
Back to Beliefs
Wealth research shows money continues increasing happiness beyond conventional thresholds
Evidence
Patrick's $50K study tracking happiness from $0 to $50M net worth showed continued happiness increases, contrary to popular $75K plateau studies
Implication
The conventional wisdom about money not buying happiness beyond basic needs is wrong - more money does continue to increase happiness
Counter Belief
Popular psychology says money doesn't buy happiness beyond meeting basic needs around $75K income
Example Application
Entrepreneurs should optimize for wealth building rather than accepting arbitrary income plateaus, as long as they understand the psychology of wealth protection and freedom-inducing purchases