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Mailbag: incl. What happens when Buffett goes? March 5, 2023

Motley Fool Money

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You Don't Perceive Yourself as Wealthy

A survey of very wealthy people found they don't perceive themselves as wealthy. You tend to benchmark yourself to your peers, which is why you can have very wealthy people not with his bill was off. And here's the other great finding from psychology as well, which is that we always imagine if only I had that much more I'd be happy if I got that pay rise. We're incredibly adaptive here and so for me there is a point where you want to have security, but after that, the money is just not going to make you happy.

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