Wealth is not the key to wellbeing
Money is linked to wellbeing because having enough money improves living conditions and increases social status. However, happiness may increase with income but only to a point.
Many people believe that wealth is a fast track to happiness. But it's not true. Various international studies have shown that it’s the quality of our personal relationships, not the size of our bank balance, which has the greatest effect on our state of wellbeing.
Believing that money is the key to happiness can also harm a person's wellbeing. For example, a person who chooses to work a lot of overtime misses out on time with family, friends and leisure activities.
The added stress of long working hours may also reduce a person's life satisfaction. Research shows that people who chase 'extrinsic' goals like money and fame are more anxious, depressed and dissatisfied than people who value 'intrinsic' goals like close relationships with loved ones.
Factors that influence wellbeing
Every aspect of your life influences your state of wellbeing. Researchers investigating happiness have found the following factors enhance a person's wellbeing:
Happy intimate relationship with a partner.
Network of close friends.
Enjoyable and fulfilling career.
Enough money.
Regular exercise.
Nutritional diet.
Enough sleep.
Spiritual or religious beliefs.
Fun hobbies and leisure pursuits.
Healthy self-esteem.
Optimistic outlook.
Realistic and achievable goals.
Sense of purpose and meaning.
A sense of belonging.
The ability to adapt to change.
Living in a fair and democratic society.
How to achieve wellbeing
Develop and maintain strong relationships with family and friends.
Make regular time available for social contact.
Try to find work that you find enjoyable and rewarding, rather than just working for the best pay.
Eat wholesome, nutritious foods.
Do regular physical activity.
Become involved in activities that interest you.
Join local organisations or clubs that appeal to you.
Set yourself achievable goals and work towards them.
Try to be optimistic and enjoy each day.
What will you do today to improve your health?