ArtsAutosBooksBusinessEducationEntertainmentFamilyFashionFoodGamesGenderHealthHolidaysHomeHubPagesPersonal FinancePetsPoliticsReligionSportsTechnologyTravel

Am I Earning Enough Money?

Updated on April 28, 2016

How much money is enough for me?

I bet you ask yourself that question from time to time. Some ask themselves very specifically just how much wealth they want to accumulate, and some just go daydreaming of feeling financially powerful - knowing everything is at their fingertips and having the sense that whatever they want is theirs and everything they buy is with zero regard to the price.

Just how much money do I need, or in the case of ambition - how much money do I want? I ask myself that question as a Filipino citizen. I live in a developing country on the verge of entering the upper middle income group but has been stalled because of the historical tradition of corruption and lack of discipline in society.

I won't blame my own country that, because of its own economic situation, the poverty line of America - approximately 7 U.S. dollars an hour for labor, is usually a good enough daily wage for a Filipino laborer. I won't blame my own country that even the poorest people in America can afford an old car, while a middle-class Filipino is already considered fancy if he owns one. I won't blame my country for the tremendous wealth gap that exists. Instead, I'll point out this recent article I just read about four people from different income classes in the U.S. and how they live their lives:

Is Money Happiness?

If you read the article from start to finish, you'll find that their happiness level is usually near perfect, but a question measuring someone's happiness can be very subjective. What you'll also find is that the 20,000-dollar poverty line in America is already a pretty decent annual income for a family of three or four in the Philippines. It would even be considered an upper middle income status. You'll also find that the four people interviewed, each of whom belonged to a different income class, had similar allocation/spending for groceries. Maybe it's Maslow's hierarchy of needs? Or maybe it's just coincidence.

The difference between the poor man interviewed for the article and the common poor man in my country is that the latter can't afford even a second hand car. The latter can't send his kids to college unless he's lucky enough to be blessed with scholarships or if his kids attended a state funded college. And of course the latter would be glad to be making seven dollars in a single work day while the former sees it as a minimum for an entire hour.

So how much money is really enough for all of the four people interviewed? It's usually way more than what they're currently earning and collectively possess. You see, their unfulfilled ambitions normally get in the way. For the richest guy on the list, well, you know what rich guys want - JETS. For the second-richest guy, he already has enough money to retire and not worry about a thing but he's still out there wanting to make even more because he wants to retire his parents and give them a life of luxury and by the way he also wants to become a 200-millionaire. For the third-richest guy he wants to become more secure by owning and earning from an apartment building business. And last but not least the poor man, who with his 250-dollar a week (already a personal high), wants to earn simply just three times his usual - and he's actually looking to save up for his kid's college education once he's done with his outstanding debt.


Why do we keep incurring debt?

There's a chronic financial disorder among people in the middle class in both America and in the Philppines. It's the vicious DEBT CYCLE.

It could have happened that you got into the debt cycle because of some serious financial crisis that happened at least once in your life, and since then you've dragged yourself everyday to work so you can pick up the pieces and be stable again. But more often than not, the reason for acquiring the debt-cycle disease is because of habit building.It's because of being too reliant that our creditors are good people.

I've heard stories all over that people get into this kind of mess because they aspire for a life they simply can't afford - they simply live well beyond their means. Living beyond one's means may constitute living in a condominium in a big city with very high living costs when all your salary could really afford is a house in the suburbs that's fifteen minutes from work. It may also constitute buying a 49-inch Smart flat-screen television set when you can't even pay your kid's tuition on time. I've heard the horrific stories of people borrowing money to pay off another loan from someone. The debtor will be considered fortunate and financially stable once he only has one creditor left unpaid by the end of the year.

The debt-cycle disorder has infected a lot of people and we must acknowledge that financial literacy on this issue has to be promoted.

I'll do you a big favor right now if you understand English quite well and it is this. Visit the blog of Mr. Money Mustache, and he'll tell you the most important financial advice you could ever possibly get. He even wrote a post about how the financial advice media is nuts. Here's a link to his popular blog:


Financial freedom is the end game here.

So ask yourself now, 'Am I earning enough money?' You now know that the economic status of your country matters, and you also now know that your own financial ambitions will usually tell you that you need to make more. Unless you really aim to become financially independent as early as possible, you won't really acquire a concrete road map towards the kind of financial situation that you're comfortable with.

See, the aim in making money isn't about getting rich; it's about getting freedom.


    0 of 8192 characters used
    Post Comment
    • bonda profile image

      Nonqaba waka Msimang 

      2 years ago from Canada

      Unfortunately, we think that money brings happiness because we are accepted by people who wouldn't give us a second glance if we didn't have platinum credit cards and drive Italian cars.


    This website uses cookies

    As a user in the EEA, your approval is needed on a few things. To provide a better website experience, uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

    For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at:

    Show Details
    HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
    LoginThis is necessary to sign in to the HubPages Service.
    Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
    AkismetThis is used to detect comment spam. (Privacy Policy)
    HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
    HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
    Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
    CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
    Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the or domains, for performance and efficiency reasons. (Privacy Policy)
    Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
    Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
    Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
    Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
    Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
    VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
    PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
    Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
    MavenThis supports the Maven widget and search functionality. (Privacy Policy)
    Google AdSenseThis is an ad network. (Privacy Policy)
    Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
    Index ExchangeThis is an ad network. (Privacy Policy)
    SovrnThis is an ad network. (Privacy Policy)
    Facebook AdsThis is an ad network. (Privacy Policy)
    Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
    AppNexusThis is an ad network. (Privacy Policy)
    OpenxThis is an ad network. (Privacy Policy)
    Rubicon ProjectThis is an ad network. (Privacy Policy)
    TripleLiftThis is an ad network. (Privacy Policy)
    Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
    Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
    Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
    Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
    ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
    Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)