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Golden triangle of happiness

Living well on every level

What do you really need to be happy? Most people think they need more money and advertisers tell everyone they need more stuff. But Australian research into wellbeing found these three indicators are the most important - “the golden triangle of happiness” (Australian Unity, 2015)

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  1. Strong personal relationships. This is having someone in your life who you can trust and who remind you that you are loved and valued. These people are your support network and provide a sense of connectedness.
  2. Sense of purpose. You will be happier when you are actively participating in things that give you a sense of purpose or responsibility. This might be in your job, your studies, hobbies and social groups or volunteering - things that bring your life meaning.
  3. Financial control. While the research shows that wellbeing rises with income to a point, it is actually the sense of control over your finances that is the most powerful factor. That's why our book is titled You’re the Boss - because we know that getting on top - and feeling on top - of your money is one of the key points to living well.

Money by itself doesn't lead to wellbeing - it's using money as a tool to get the goods, services and experiences we need to create a happy environment.

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Financial wellbeing

One way to define financial wellbeing is being able to:

 

  • Meet expenses and have some money left over
  • Feel and act in control of your finances, and
  • Feel financially secure, now and in the future.

 

This will change over time, but how financially well do you feel now?

 

What one thing could you do that would improve your financial wellbeing? It might be as simple as making sure your bills are paid on time, or putting away a small amount of savings each pay day.