The optimal amount for happiness is individual for each person. Here is a step-by-step guide on how to determine yours:
Step 1: Identify your basic needs
Make a list of expenses for basic needs:
Housing.
Food products.
Transport.
Medical care.
Education (yours or your children's).
For example, if your monthly bulk sms nepal packages expenses are $2,000, your minimum annual income to cover your basic needs would be $24,000.
Step 2: Consider personal goals and dreams
Add to your basic needs the cost of:
Trips.
Hobby.
Financial safety cushion.
Investments in self-development or business.
Example: If you plan to travel $10,000 annually and set aside $5,000 for investments, add these amounts to your base income.
Step 3: Account for inflation
Don't forget to take inflation into account. On average, it is 2-3% per year. Multiply the calculated amount by the price growth factor to avoid underestimating your financial needs.
the importance of money
Practical tips for achieving financial and emotional balance