There is a concept of own net capital. The process of calculating it is simple: firstly, you make a list of all your assets (basically, this is all you have). Sum it up. Then you do the same with your obligations (expenses). Also, add it up. Next, subtract the liabilities from your assets. The resulting number is your own capital.
People tend to pay a lot of attention to counting capital. However, it represents only part of your welfare. You can get a more accurate picture of the quality of your life by calculating the level of happiness in it.
There is such a concept as “Gross national happiness”, designed by King Singye Wangchuk of Bhutan. This term is rooted in the Buddhist notion that the ultimate goal of life is inner happiness. The king said that economic growth does not necessarily lead to satisfaction. Therefore, instead of simply focusing on the gross domestic product, he focused on the four pillars of gross national happiness: economic self-sufficiency, the pristine environment, the preservation and promotion of Bhutan’s culture, and good governance in the form of democracy.
Follow Bhutan’s example: instead of just calculating your assets, start to calculate your level of happiness. Here are three ways to do this:
- Happiness index
- Happy Time Magazine
- Balance of happiness
Create a happiness Scale
In 2006, the President of the International Institute of Management Mej Jones introduced an index that considers happiness as a socio-economic metric. It measures socioeconomic development by tracking seven areas, including the mental and emotional health of the nation.
It is assumed that gross national happiness is an index function of the total average per head of population of the following measures (taken from Wikipedia):
- Economic welfare: economic factors such as consumer debt, average income and their relationship to the consumer price index and income distribution.
- Environment: Calculated by measuring environmental performance such as pollution, noise, and congestion.
- Physical health: Calculated by measuring physical health. For example, severe physical illness.
- Mental health: Calculated by measuring mental health parameters, such as the use of anti-depressants.
- Job: Calculated by measuring work performance, such as claims for unemployment benefits, job changes, job complaints and litigation.
- Social well-being: Calculated by measuring social indicators such as discrimination, security, divorce rates, complaints of internal conflicts and family lawsuits, public lawsuits and crime rates.
- Political well-being: calculated by measuring political indicators such as the quality of local democracy, individual freedom and external conflicts.
Your personal happiness index may be about the following:
- What is your income level?
- Are there loans?
- Are you happy where you live?
- Do you have good neighbors?
- Do you like your apartment?
- Are you healthy?
- Do you feel your inner happiness?
- How often do you have an anxiety problem?
- Are you satisfied with your job?
- Does it seem to you meaningful?
- Do you like colleagues and leadership?
- Do you have a strong relationship with other people?
- Were you a volunteer?
Your happiness index can include any dimensions that you consider important.
Creating a happy time magazine
Another method that you can use to evaluate your pure happiness is to track how you use your time and how you feel about your daily activities. Create a table with the following three columns:
- The time it takes.
- Feeling as you do it.
Then calculate how much time you spend on what you like and how much time you spend on what you don’t like to do. You can display the percentage. For example: “I devote 15% of my time to what I like to do.” Of course, only you can say whether it is a lot or a little.
The balance of happiness
The third method you can use to calculate your pure happiness is to create a perfect balance of happiness. Take a piece of paper and divide it in half, fold the paper in half. Mark the columns as follows:
- Things that make me happy
- Things that make me unhappy.
In the first column, list everything you like at the moment (from small things to the big). Then, under the second column, list everything you do not like right now. Also, assign a rating to each item in the list on a scale of 1 to 5, depending on the importance of the position you have recorded.
For example, in the column “What I like” you can write down something like:
- “I have a house that’s clean, organized, comfortable. If it’s very important to you, you give him a grade of “5.
- “I got a bonus at work. You can give a grade of “4”.
- “My relationship with my sister has improved. Score “3”.
You do the same with uncomfortable things. In the end, you sum up all the scores in the two columns separately and find out whether they are positive or negative.
We wish you good luck!