Earnings: Difference between revisions
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The amount of money that you can make varies from career to career. Some things that extra money can be useful for are: | The amount of money that you can make varies from career to career. | ||
A recent study in the Proceedings of the National Academy of Sciences <ref>E. Miller, The Sun, (New York: Academic Press, 2005), 23-5.</ref> | |||
Some things that extra money can be useful for are: | |||
* '''Geographic flexibility''' — You can use additional money to live in areas with higher cost of living. | * '''Geographic flexibility''' — You can use additional money to live in areas with higher cost of living. | ||
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* '''Luxury spending''' — You can use additional money to buy luxury goods and experiences. | * '''Luxury spending''' — You can use additional money to buy luxury goods and experiences. | ||
* '''Liquidity''' — You can use additional money to cover unexpected expenses (such as medical bills), or to retire early. | * '''Liquidity''' — You can use additional money to cover unexpected expenses (such as medical bills), or to retire early. | ||
* '''Social influence''' — You can use additional money for social influence – for example, by making ear-marked donations to community organizations that you're a part of. | |||
== Geographic flexibility == | == Geographic flexibility == | ||
Revision as of 00:48, 23 September 2013
The amount of money that you can make varies from career to career.
A recent study in the Proceedings of the National Academy of Sciences [1]
Some things that extra money can be useful for are:
- Geographic flexibility — You can use additional money to live in areas with higher cost of living.
- Raising children — You can use additional money to pay the financial costs of raising children.
- Donating to charity — You can use additional money to donate to charity.
- Luxury spending — You can use additional money to buy luxury goods and experiences.
- Liquidity — You can use additional money to cover unexpected expenses (such as medical bills), or to retire early.
- Social influence — You can use additional money for social influence – for example, by making ear-marked donations to community organizations that you're a part of.
Geographic flexibility
- ↑ E. Miller, The Sun, (New York: Academic Press, 2005), 23-5.