What does “enough” money actually look like?

Most people never answer that question. Instead, the financial goalpost keeps moving — $80K becomes $150K, $150K becomes $300K, and suddenly a million dollars feels like the only way to feel secure.

In this episode of My Happy Money Journey, Phoebe explores the psychology of money, happiness, and financial security, and why earning more doesn’t always create the sense of wealth we expect.

Drawing on research from behavioural economics, Phoebe explains how income improves wellbeing when it removes financial stress, but after a certain point the emotional return from earning more becomes much smaller.

So if more money isn’t the full answer, what actually defines wealth?

Phoebe introduces three powerful layers that help define what “enough” really means:

Security – having the financial stability, assets, and buffer that protect your life when things wobble. Freedom – reaching the point where work becomes a choice, not a necessity. Impact – using money to support family, community, and causes that matter to you.

The conversation also explores key Australian realities around superannuation, retirement planning, home ownership, and financial security for women, including why women over 55 are the fastest-growing group at risk of homelessness — and how defining your version of wealth can change your financial future.

If you’ve ever wondered whether you’re doing well financially, or what your version of wealth should actually look like, this episode will help you rethink money in a much calmer and more empowering way.

Because the real goal isn’t endlessly chasing more income.

It’s building a life where your money supports the life you truly want to live.