The Happiness Formula | Wisdom, Wealth, and Wellness

Jonathan Satovsky
CFP®, ChFC®, CIMA®, CPWA®, CDFA®, DACFP

Good morning, good afternoon, good evening. Depending on the part of the world you’re in. This is Jonathan Satovsky of Satovsky Asset Management. Today’s episode of “Seeking Wisdom, Wealth, and Wellness,” [involves] a formula for happiness.

Happiness = Reality – Expectations

Now, I may have expectations if I was playing sports to win a championship, or if I was investing, I would want to outperform the market, outperform my peers, or outperform everyone that I know. And those might be the expectations. But are these the right expectations? Or do these expectations set us up for misery versus something simpler?

For example, [think of ] the concept that when you wake up in the morning, the only responsibility you have is to control your mindset, your attitude, and how you respond to things that happen throughout the course of your day. For me, I learned something a while ago that I thought was rather profound, which was to say that your only responsibility is to bring light to dark situations, whether it’s in the world or whether it’s in people’s lives, and to shift perspectives. So if you can make one person smile, laugh, help them with their mindset, help them with their perspective—that’s the definition of a good day, for me.

So again, remember: Happiness = Reality – Expectations. So you can set your expectations high and hurdle it, or you can set them realistically on the impact that you can make with every interaction on your path to Wisdom, Wealth, and Wellness.

Have a great day.

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Video Recorded September 4, 2023
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Disclosures

This blog post is not intended to be, nor should it be construed or used as, an offer to sell, or a solicitation or offer to buy any securities or interests in any strategy offered by Satovsky Asset Management, LLC (“SAM”). SAM is a registered investment advisor with the Securities and Exchange Commission – for more information see www.adviserinfo.sec.gov. Please remember that different types of investments involve varying degrees of risk, and that past performance is not indicative of future results. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the strategies recommended or undertaken by SAM) will be profitable. Market index information shown herein is included to show relative market performance for the periods indicated and not as standards of comparison. The market volatility, liquidity and other characteristics of SAM’s portfolio composition are materially different from the securities listed on public market indices. Market index information was compiled from sources that SAM believes to be reliable. No representation of guarantee is made hereby with respect of the accuracy or completeness or such data. Opinions are as of date of video and are subject to change. A copy of SAM’s current written disclosure statement discussing our advisory services and fees continues to remain available for your review upon request. SAM undertakes no duty to update information presented herein.

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