Money is not happiness

Here is a great quote from the book I am reading just now:

… studies show that an increase in salary only offers marginal to zero increase in “happiness” above a certain level. Why is that? Because of this basic fact: people spend what they make. If your salary increases $5000, you spend an extra $2000 on features for your car, you have an affair, you buy a new computer, a better couch, a bigger TV, and then you ask, where did all the money go? Even though you needed none of the above, now you need one more thing: another increase in your salary.

Sooo true 🙂

source: Choose Yourself by James Altucher