Diversifying your happiness

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Dan Buettner, in interview with James Hamblin for The Atlantic:

[think] about happiness in the same way you think of your retirement portfolio. You want it balanced—the short term and long term, stocks and bonds. The hell-bent pursuit of purpose kind of loses the point a little bit, because there is value in the sum of positive emotions we experience every day. So if all you’re doing is pursuing your purpose, or if all you’re doing is very goal-oriented, you forgo joy today for a perceived better future. We now know that humans reliably mis-predict what will make them happy in the future. You could work your butt off, pursue your purpose, become financially independent, and get there and realize “Oh, my life sucks.”

It's important to plan for the future, and embrace the uncertainties that stand in front of us. We should all aim to define what it means to have a meaningful life, and pursue this.

But there's value in the ocasional bout of hedonism, too. As the saying goes: "Eat, drink, and be merry - for tomorrow we die!"

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Sonnie Bailey

Sonnie is the founder and principal of Fairhaven Wealth.

Before founding Fairhaven Wealth, Sonnie worked in the legal and financial services industries for over a decade.

Sonnie first became involved with financial advice as a specialist financial services lawyer. For many years, he was an “adviser of advisers”, reviewing thousands of advice files prepared by hundreds of financial advisers, and providing feedback in relation to the quality and appropriateness of advice; industry best practice; risk management; and regulatory compliance. He has published work in industry publications and spoken at various financial advice conferences.

Sonnie has also worked with banks, investment management firms, insurers, and derivatives providers.

Sonnie has worked as a private client lawyer, focusing on succession, estate planning and trusts. He ran his own legal firm in Australia before relocating to New Zealand. He has also acted in independent trustee and company director positions.

Sonnie is passionate about helping people achieve their goals and manage the risks to which they are exposed.

He has written extensively on his blog, New Zealand Wealth and Risk, which can be found at www.wealthandrisk.nz.

Sonnie is married to his wonderful wife Chrissy, and has two young children, Ben and Anna.