This note is an abstract of a presentation which my father, Kapil Jain, had made in a financial planning seminar …. Hope it is helpful for you to understand relationship of money and happiness…… (Source : enrichwise)
Martin Seligman author of ‘Authentic Happiness’ and research psychologist has said that there are three parts to happiness : Pleasures, Engagement and Meaning.
Pleasure is the feel good part, the short term happiness of material possessions in life. Engagement refers to good life involving work, friends, family and hobbies. Meaning is using our time and strengths towards a larger purpose. He reckons, that Although all the three are important , it is the last two which make a significant difference.