Which of the following is INCORRECT about David Bach?

Maggie(W)David Bach(M)
W: Many people dream of making it big, buying a bigger house, designer clothes and a nicer car, but with a record number of millionaires now living right here in the United States, an age-old question is now front and center—can money really buy happiness?(1)Best-selling author David Bach is a psychiatrist and a money advisor on CNBC’s The Millionaire Inside. Going from rags to riches, he says he found happiness but it wasn’t just about dollars and cents. Morning, David.
M: Good morning, Maggie.
W: What do you think that makes people happy then, if they have no money?
M: Well, I think what most Americans really want is freedom.(2)We are in the land of the free, but when three out of four people are living paycheck to paycheck, they don’t feel free. So I think there are a lot of opportunities for the average American to become what I call an automatic millionaire, which means paying yourself first, saving one hour a day of your income and spending less.
W: Do you mean that the people having different levels of life all have the same feeling?
M: Absolutely. You may have different levels of life. You have the survival level, or someone really is living paycheck to paycheck. Then you have security, where someone as you might basically need to cover. Maybe they’ve got six months to a year with the expenses put aside. Once you get passed a year of expenses, you’ll start to become free.
W: You also say that happiness is not as simple as making more money.
M: Yes. The more money you have, the more you need to spend anyway.(3 - 1)People don’t know how to keep their money. And people don’t know how to spend it wisely.
W: We spend so much time in our lives trying to make money. We must believe it’s going to bring us happiness. But the research you have ever done about it is kind of mixed, isn’t it?
M: Well, the research is mixed.(3-2)And I think part of the reason for that is that people acknowledge in their souls, if not in their wallets, that it won’t make them happy. Most people don’t marry for money: most people don’t pursue careers simply for the money. There are a lot of teachers in America, who won’t trade their jobs for a sales job to make more. So we vote with our feet, in essence.
W: But the problem is we see all these people out there today, with the yachts, with the boats, all of these, the planes, the big houses. And we think we want that too. They look happy, they have all these possessions. How do you explain that?
M: It looks that way. More millionaires, more multi-millionaires, more billionaires than ever, and they have all the toys. But the research also indicates about scale.(3 - 3)You can give somebody enough money to take them from poverty to middle class, which makes people happy. But a lot more money, to go from five hundred thousand to five million, doesn’t make them happy.
W: I agree.(3 - 4)Money is going to have the more significant impact on those low income individuals. People who have very little are making 20 thousand dollars. That’s going to have a big impact on them.
M: That would. But let me tell 15 years in practice. I have never had anybody who comes in and says that he or she needs a little more money. It is all about: do I feel loved, and do I love something in the world. In other words, doing work that does not speak to your heart and making lots of money is a prescription for disaster.
W: I’ve listened to the surveys of the kinds of jobs that make people the happiest:(4)they aren’t necessarily the jobs that pay the most money. They are things like teachers, social workers, firefighters, not necessarily highly-paid jobs.
M: I will still align for one of my friends. He said, the last place you want to be is in the first-class seat on a plane going somewhere you don’t want to go. Absolutely true.(5-1)It’s really about feeling loved. The people come to me, who are in the toughest spot, aren’t convinced they are well loved, and they aren’t convinced there are something in the world that they genuinely have passion and love for.
W:(5-2)Good, passion is another thing that makes people happy. Health and passion.
M: Yes. Health is at the top of the list in terms of what makes you happy.(5 - 3)Having good relationships with people, having a lot of very close personal friends, having a good marriage. These are the types of things that make people happy. So if you flip that around, then you’ll get to the core of what really makes people happy.(5 - 4)Sometimes you have to take the negative to see that you are content now. So if people were to imagine: I’m not going with it these moments, then they would realize that they are pretty content even though their car is year-older than they’d like.
W: Yes, no question. Well again, the age-old question, we continue to debate it still. David, thanks.
M: Thank you, Maggie!