Earnings

From Cognito
Revision as of 00:49, 23 September 2013 by Jsinick (talk | contribs)

The amount of money that you can make varies from career to career.

A [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

  1. E. Miller, The Sun, (New York: Academic Press, 2005), 23-5.