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