Happiness Stack Framework
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A research-based framework showing how different types of spending correlate with happiness levels among wealthy individuals, based on extensive data collection and analysis.
Happiness Stack (Ranked from lowest to highest impact)
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Basic Purchases (Lowest happiness impact)
- Buying general "stuff" provides some happiness
- Less impactful than targeted spending
- Still contributes to overall satisfaction
-
Hobby-Related Purchases
- 20-40% higher happiness impact than general purchases
- Examples: F1 car for racing enthusiasts
- More meaningful when aligned with personal interests
-
Experiences
- Higher happiness impact than material purchases
- Creates lasting memories and satisfaction
- Consistently rated as better investment than items
-
Targeted Philanthropy
- Second-highest happiness generator
- Must be focused on specific causes person cares about
- More impactful than general charitable giving
-
Freedom-Inducing Investments (Highest happiness impact)
- Top contributor to happiness
- Examples:
- Private jet (provides freedom of movement)
- Personal assistant (provides freedom of time)
- Home staff (reduces daily friction)
- Value comes from increased autonomy and control
Key Research Findings
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Happiness continues increasing with wealth
- Tracked up to $3-4M annual income
- Contradicts previous studies suggesting caps at lower levels
- Rate of increase may slow but doesn't plateau
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Wealth Impact Patterns
- Net worth increases = happiness increases
- Net worth stable = slight happiness increase
- Net worth decreases = significant happiness decrease
- Pattern holds regardless of wealth level (tested up to $50M)
Common Traits Among Wealthy ($5M+ net worth)
- 90%+ maintain daily to-do lists or organizational systems
- Most remain actively engaged in business/wealth building
- Consistent exercise/fitness routines
- Prefer being "burned out than bored" in challenging roles
Patrick Campbell
Co-founded Advocately, a review management platform for SaaS companies, in 2016. Overcame initial slow growth by applying lessons from past startup failures to shape strategy for AMP, an 8-figure SaaS company.
Emphasizes customer focus, speed, and effective goal-setting using the V2MOM framework to align company priorities. Developed strategies to balance product-led and sales-led growth in competitive e-commerce markets.