When To Stop Chasing Money

Chasing money can be toxic unless…

Marc Guberti


It’s no secret that we need money, and studies suggest money buys happiness. However, there is a cap to how much money buys happiness and how much money we need for our lifestyles.

Researchers pegged the number at $75,000. Any money over $75,000 doesn’t add to your happiness. More money leads to more experiences, but the money accumulation itself doesn’t provide additional happiness.

This is where we get into the toxicity of chasing money and hustle culture as a whole. Hustle culture will tell you to chase every dollar you can get your hands on at the expense of friendships, entertainment, and fun in general.

Get the money you need, and then you can actually start to have a life. That’s how the logic goes for many people in hustle culture with a mentality focused on chasing money.

Money will always be an important part of our lives, and we should make necessary efforts to increase our income, but we must be careful to not go too far into this journey and lose sight of what we’re sacrificing.

If you’re sacrificing Netflix binges by yourself in the middle of the night or parties with sketchy crowds, that’s one thing.

If you are sacrificing time with family and friends and putting all of your meaningful personal goals to the side, that’s completely different. At this point, you should check yourself and see if your money pursuits have gone too far.

Money is also relative. Some families can happily live off $75,000 in annual income while other families can’t afford to live without $1 million per year. If you live below your means and are frugal with your money, you need less of it to live a happy life.

Between commercials and people showing off their stuff, society leans towards materialism, but you don’t have to follow that trend. Saving $100 each month by getting smarter with your money is even better than making an extra $100 each month.

Making an extra $100 each month requires additional work, especially if you work for a salary. Saving $100 each month requires no additional work. You just decide what expenses to cut out of your life.

Pursue Money With Friends



Marc Guberti

Personal finance freelance writer -- I write articles for clients on finance, digital marketing, and other topics