Blog Layout

Here’s how to lead a happier life

From our beaches and outdoor lifestyle to our democracy and cultural diversity, there a lot to feel happy about in Australia.

However, living a happy life doesn’t always come easy. Concerns about money, relationships and the future can often stand in the way of living the life you want. The good news is there are ways to take charge of your happiness.

Measuring happiness

It may sound simple – but what is happiness? How do we quantify happiness?

The World Happiness Report, published by the United Nations Sustainable Development Solutions Network, uses six key variables to determine a country’s happiness levels:
1. Income
2. Healthy life expectancy
3. Social support
(having someone to count on in times of trouble)
4. Generosity
5. Freedom
6. Trust
(measured by the absence of corruption in business and government).

Countries that rank highly in these six areas tend to have ‘happier’ populations, with individual’s reporting higher life satisfaction. i

Australia ranked highly in the World Happiness Report 2017, coming in equal ninth place with Sweden. i  Norway was first, followed by Denmark, Iceland, Switzerland, Finland and the Netherlands.

Canada and New Zealand were just ahead of Australia, in seventh and eighth place, respectively. The US fell to 14th in 2016 (from third in 2007) due to reduced social support and increased corruption. i

So, as a country we’re doing well – but what about happiness on a personal level?

Achieving happiness each day doesn’t need to be an elusive goal. By building a sense of purpose, strong personal relationships and financial control, you could be well on your way to maximising your happiness.

A sense of purpose

Off the south coast of Japan lies Okinawa, an archipelago that boasts some of the longest living people in the world. ii  Along with various other lifestyle factors, their pursuit of other goals lead to a sense of wellbeing and give more meaning to life.

Okinawans have a strong sense of purpose – what they call their ‘ikigai’. ii  An ikigai is what drives you to get out of bed every day, your reason for being. It could be sharing your knowledge and skills with others, looking after your family, cooking delicious food, playing a sport or musical instrument, or advocating for others.

Finding an ikigai, whatever it might be, and trying to live it each day could increase your happiness. iii  Ask yourself, what is my passion? How do I find meaning in life? When do I feel most at peace or energised?

Strong personal relationships

Enjoying close relationships with caring, supportive people is a key ingredient of wellbeing. iv Having someone by your side to share your thoughts, dreams and fears with, and who makes you feel loved and valued, can help you overcome the obstacles life throws your way. But where to start?

Think about who you reach out to – or have reached out to in the past – to connect and share with. Keep in touch with these people, and put in the effort to rekindle any relationships you’ve been too busy for lately.

Join a group or club. From book clubs to sports teams, bushwalking groups to community advocacy organisations, joining a team that shares your passions is a great way to form a deep connection with someone – and even live your ikigai at the same time!

Financial control

Financial stress affects nearly one in three people in Australia, according to new research from Core Data, commissioned by Australian start-up Financial Mindfulness. v

Importantly, Core Data’s research showed that experiences of financial stress was not confined to low-income households but felt more widely across different salary brackets. v These experiences of financial stress could include being unable to pay bills on time, afford a meal with friends or holiday, or raise sufficient funds in time for something important, among others. vi

So, perhaps minimising financial stress isn’t only about how much money you have – but how well you manage it.

While the idea of reviewing your finances and setting up a budget may provoke feelings of gloom, it could be an effective way to reduce your financial stress and increase your happiness.

If you need further assistance, we are here to offer guidance to help you to achieve your financial and life goals.

Reach out

Remember, it’s not possible to be happy all the time. Many other factors play a huge role in our happiness. If things are getting you down, support is available. Contact  beyondblue  or call Lifeline on 13 11 14.

By finding your purpose in life, forming strong connections with others and achieving a sense of control over your finances, you can hopefully take charge of creating and maintaining your own happiness. And remember, you’re already off to a good start simply by living in Australia.

i United Nations Sustainable Development Solutions Network (2017),  World Happiness Report 2017

ii National Geographic,  Blue Zones, Okinawa, Japan

iii World Economic Forum,  9 Lessons from the world’s Blue Zones on living a long, healthy life

iv Australian Psychological Society (2016),  APS Compass for Life Wellbeing Survey

v Financial Mindfulness,  Personal financial stress devastating Australian lives

vi Australian Bureau of Statistics,  6560.0 Household Expenditure Survey, Australia: Summary of Results, 2015-2016

© AMP Life Limited. First published March 2018

Share This Post →

Link Wealth Group

We formed Link Wealth Group because we noticed so many financial advice practices overcomplicate the financial planning and mortgage process. It doesn’t have to be difficult! We know we can provide top-notch easy-to-follow wealth advice to Australians in a way that also empowers you to be in control of your finances and your path to financial freedom.

Popular Articles

A dark blue credit card sits on a white background
29 Jan, 2024
Did you ever hear the line “you need a credit card to build good credit”? It’s a common American belief that isn’t all that relevant here in Australia. So if you don’t need a credit card – should you get one? It can certainly be appealing with rewards points; cashback deals and free insurance on offer to entice you to sign up. So, what are some of the drawbacks? We break it down for you. We've also got a handy video below from Director and Financial Adviser Josh Lee , with his take on whether you should get a credit card.
A child puts money into a piggy bank.
17 Jan, 2024
If you’ve got kids in your life, you may be wondering how you can set them up for success. Whether it’s your child, a younger sibling or a niece or nephew – you can play a positive role in their life, helping to educate them about money and set up them up financially for the future.
By Aimee Croxon 09 Jan, 2024
Four high-impact money moves you can make in 2024 to improve your long-term financial position.
Share by: