Six Ways to Increase Your Well-Being (beyond finances)

Having good finances is one way to feel better, but there's more than just that, and a good financial adviser should recognize other ways to look after their clients and increase their well-being

Optimism, self-confidence, gratitude, hope, compassion, purpose, empathy—these are all qualities that anyone can own. You just have to learn how. And doing so will change your life.

This is called the "S.T.A.G.E.R." framework and it helps you build six key skills: Savor, Thank, Aspire, Give, Empathize, and Revive.

Savor

Savoring is a quick and easy way to boost optimism and reduce stress and negative emotions. It's the practice of being mindful and noticing the good stuff around you, taking the extra time to prolong and intensify your enjoyment of the moment, making a pleasurable experience last for as long as possible. So whether it's preparing a meal, pausing to admire the sunset, or telling a friend your good news—the idea is to linger, take it in, and enjoy the experience. Eventually it'll become a habit—one you'll never want to break.

Research by Dr. Fred Bryant, a professor at Loyola University Chicago who coined the term “savoring,” shows that those who regularly and frequently savor are happier, more optimistic and more satisfied with life. Bryant describes savoring as three-fold, meaning we can savor the past (by reminiscing), savor the future (through positive anticipation) or savor the present (by practicing mindfulness). There are many savoring techniques—and you may find that you gravitate towards some, but not others. Researchers Bryant and Veroff have proposed a number of ways to do this, including savoring with other people, concentrating on the meaning of an activity, incorporating humor, and writing about their experience.

These are ways increase your well-being & wellness

Give

Everything about giving is a no-brainer. Obviously, when you give someone something, you make them happier. But what you might not know is that the giver—not the receiver—reaps even more benefits. Numerous studies show that being kind not only makes us feel less stressed, isolated and angry, but it makes us feel considerably happier, more connected with the world, and more open to new experiences. In one famous study, Dr. Sonja Lyubomirsky asked students to commit five random acts of kindness each week for six weeks. Whereas the control group experienced a reduction in well‑being, those who engaged in acts of kindness showed a 42% increase in happiness.

We're happier when we spend money on other people than when we spend money on ourselves. And another study found that simply reflecting on nice things we've done for other people can lift our mood. Dr. Stephen Post, a bioethicist at Case Western Reserve University and founder of the Institute for Research on Unlimited Love, is a pioneer in the study of altruism and compassion. His research shows that when we give of ourselves, everything from life satisfaction to self-realization and physical health is significantly affected. Mortality is delayed. Depression is reduced. Well-being and good fortune are increased.

Thank

The simple act of identifying and then appreciating the things people do for us is a modern-day wonder drug. It fills us with optimism and self-confidence, knowing that others are there for us. It dampens our desires for “more” of everything—and it deepens our relationships with loved ones. And when we express our gratitude to someone, we get kindness and gratitude in return. In studies led by Dr. Martin Seligman, people have written gratitude letters to someone they've never properly thanked, and seen immediate increases in happiness and decreases in depressive symptoms. Robert Emmons, Professor of Psychology at the University of California, Davis, is a leading researcher in the field of gratitude and author of Thanks: How the New Science of Gratitude Can Make You Happier. He believes everyone should try practicing gratitude because the benefits are so powerful: “First, the practice of gratitude can increase happiness levels by around 25%. Second, this is not hard to achieve. A few hours writing a gratitude journal over 3 weeks can create an effect that lasts 6 months if not more. Third, cultivating gratitude brings other health effects, such as longer and better quality sleep time.”

Aspire

Feeling hopeful, having a sense of purpose, being optimistic. Study after study shows that people who have created meaning in their lives are happier and more satisfied with their lives. You too can feel more upbeat about your future and your potential. And who doesn't want that? Genuine optimism is a friend magnet. It also makes your goals seem attainable and your challenges easier to overcome. Bottom line: you'll not only feel more successful, you'll be more successful.

A person's level of hope is shown to correlate with how well they perform tasks. Using one's strengths in daily life, studies have found, curbs stress and increases self-esteem and vitality. Another study found that participants who were asked to imagine their future in an optimistic light increased their levels of happiness over the next six months. Believing that your goals are within reach promotes a sense of meaning and purpose in life—a key ingredient of happiness.

Empathize

Empathy is a powerful word packed with lots of different interpretations. It's the ability to care about others. It's the ability to imagine and understand the thoughts, behaviors or ideas of others, including those different from ourselves. If you care about the relationships in your life—and who doesn't?—learning the skill of empathy has enormous payoffs. When we empathize with people, we become less judgmental, less frustrated, angry or disappointed—and we develop patience. We also solidify the bonds with those closest to us. And when we really listen to the points of view of others, they're very likely to listen to ours. Strong relationships are essential to happiness, according to Drs. Ed Diener and Martin Seligman, and practicing empathy will go far in nurturing the relationships in your life. Richard Davidson, professor of psychology at University of Wisconsin-Madison, was one of the first to show that compassion is a skill that we can all learn. He says the brain is constantly changing in response to environmental factors, and this also extends to compassion for the self. Research by Dr. Kristin Neff, a pioneer in the field, suggests that people who have more self-compassion lead healthier, more productive lives than those who are self-critical.

Revive

Physical health is vital to our overall sense of well‑being.

So, what does that mean?

The food we eat to fuel our bodies, exercise—whether it’s taking time out to run around with the kids, take a stroll around the block, or hit the gym—and the amount and quality of the sleep we get have a huge impact on our health. Still, even though a Columbia University study has shown that both exercise and good nutrition can have a positive effect on mood and lessen the symptoms of depression, we don’t always take the time we need to look after ourselves or make the right choices. Revive is a call to action, to do something good for yourself today. And so, we can decide to get up from our chair more often and get some exercise, because doing so can help us live longer, we can resolve to plan out our meals in advance to help us make healthier eating choices (and even lose weight!), and we can choose to set a bedtime and wakeup routine that will support good sleep and help us feel energized—all of which can help us thrive.

By Happify

Our Opinion

Why is this being discussed on the blog of a financial advice and planning website? We think that question should be flipped around - "why WOULDN'T this be part of every financial advice website?"

 Humans want to feel well and do well. Why not combine feeling well with the beings we are --> "Well-Beings".

What we do at Irvine Wenborn is make sure clients' live their lives to the fullest. We want to know that people are on track and more importantly, that they 'feel it'. You can have $10 million in the bank and feel poor. That might sound ridiculous to the average person, but it's true and you can find that everyone has money problems and worries. EVERY. ONE.

So we include information that relates to well-being that goes beyond the numbers and the finances, because money is a means to an end. We strive to make people feel empowered by their finances, and not afraid of them.

We believe that any financial adviser that doesn't consider your overall wellbeing, (your lifestyle, your values, your goals) isn't a real adviser and is not worth paying for. They might be a broker, they might be a salesperson, but they are not an adviser, and therefore, shouldn't be telling anyone what to do with their money. If you want to know how to suss out a fraud from someone that knows better, you can read more here.

Real financial advice (and by 'real' we mean high quality), should help you avoid regrets and plan for the future better. It should reduce your stress and maybe the most important thing is that it should allow you to understand the potential of your life. Imagine, if you could live the life you wanted, without having to worry if you have 'enough' money, because you are so fulfilled with how your spend your time.

If you knew you were going to be OK financially, would you still be doing the same things that you are right now? Would you keep your same job, same hours, same tasks? Some people would but some would not, and advisers that understand their clients can help them shift towards living in a way that feels more free.