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Whoever said money cant buy you happiness clearly hasnt found the perfect salary, but experts say theyve pinpointed the exact amount of money you actually need to be happy.

Its not just for the lifestyles of the rich and famous.

The earning and life satisfaction of 1.7 million people living in 164 countries was compiled into a bank of data by World Gallup Poll. The resulting data was analyzed by psychologists from Purdue University and the University of Virginia who came to the conclusion that the ideal income for individuals is $130,000 CAD ($95,000 USD) a year for life satisfaction, while $82,000 to $102,000 CAD ($60,000 to $75,000 USD) a year was determined as the ideal income for emotional well-being.

The study, published in Nature Human Behavior, found that once an individual hit the threshold for life satisfaction, any additional pay increases were associated with reduced happiness. So, theres yet another reason to go after that salary bump in your job this year. To help, weve gone ahead and identified three things you can do to give yourself an edge.

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The difference between busy work and actual productivity is important to remember when you are focused on getting to that magic salary number. Boost your productivity in a shorter amount time and take advantage of how much more you can get done as an employee.

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Link:
Experts say there's an ideal income for happinesshere are three ways you can reach it - Financial Post