Other Ways to Measure Success

In the pursuit of a fulfilling life, success is often equated with tangible achievements and financial wealth. However, focusing solely on financial measures may not bring happiness. There are many studies that show happiness and fulfillment play a fundamental role in defining a well-rounded and meaningful retirement. Here are some un-financial ways to measure personal success.

Personal Growth

Continuous self-improvement, learning, and personal development are vital components of success. Setting and achieving personal goals, expanding one's knowledge and skills, and gaining new experiences contribute significantly to a sense of accomplishment and fulfillment. Be curious and try new things. One study says the happiest people have at least four core pursuits/ hobbies.

Relationships and Connections

Building and nurturing meaningful relationships with family, friends, and the community are essential for a fulfilling life. Success can be measured by the quality of these relationships, the support system in place, and the positive impact one has on others. Harvard’s study found that close relationships, more than money or fame, keep people happy throughout their lives.

Well-Being and Health

Prioritizing physical, emotional, and mental well-being is a key non-financial measure of success. Taking care of one's health through regular exercise, proper nutrition, and mindfulness practices leads to a higher quality of life and overall well-being. According to the CDC, regular physical activity helps improve your overall health, fitness, and quality of life. It also helps reduce your risk of chronic conditions like obesity, type 2 diabetes, heart disease, many types of cancer, depression and anxiety, and dementia.

Contribution and Purpose

Finding purpose and making a positive impact on the world are significant indicators of success. Engaging in activities that contribute to the greater good, whether through volunteering, mentoring, or pursuing passion projects, can bring a deep sense of fulfillment and meaning. There is evidence that points to volunteering may lower the risk of dementia and cognitive decline.

Work-Life Balance

Balancing professional responsibilities with personal well-being and leisure time is crucial for overall satisfaction and success. Finding harmony between work and personal life, prioritizing time for hobbies, relaxation, and spending time with loved ones are all essential for a well-rounded life.

While financial achievements are undeniably important, true success encompasses a broader spectrum of non-financial measures. Embracing personal growth, nurturing relationships, prioritizing well-being, finding purpose, and achieving work-life balance are all essential components of a fulfilling and successful life. Striking a balance between financial and non-financial measures of success is key to leading a meaningful and satisfying life.

Previous
Previous

Realistic Goal Setting for your Financial Plan

Next
Next

Setting Goals After Retirement