"Money is not the only thing affecting people’s happiness. Money is not the whole story; it’s not remotely the whole story. It’s important we try to get a better balance between income, and human relationships and mental and physical health. People must understand that they would do well to preserve their human relationships; they should give them a higher priority than how much they earn."

Professor Lord Richard Layard
London School of Economics

What does it take to live a happy life?  Are there differences between people and what part does career choice, personal finances and family background play?  There are academics in the field of social science that have devoted their professional life to these questions.

One such social scientist is Dr. Martin Seligman, professor and author of Learned Optimism (1990), Authentic Happiness (2002) and Flourish (2011).  In his 2004 TED talk he shares some of his research, including the surprising finding that the pursuit of pleasure makes almost no contribution to life satisfaction.  To better explain happiness, he developed a theoretical model of wellbeing consisting of five elements, which can be remembered by the acronym PERMA.

The science of human flourishing is not new though.  Take for example the Harvard Study of Adult Development project which began in 1938 during the Great Depression, tracking the health of 724 men over their course of their life.  The project continues today, more than 80 years later.  The current director of the study and professor at Harvard Medical School Robert Waldinger remarks:

"The surprising finding is that our relationships and how happy we are in our relationships has a powerful influence on our health. Taking care of your body is important but, tending to your relationships is a form of self-care too. That, I think, is the revelation."

Other academics concur including New York Times bestselling author and Wharton School professor Adam Grant who was asked on his Wondering Blog, "What did all the great thinkers of our time believe was the meaning of life?"

His answer …. Connection and Contribution.

You will not be surprised to learn that positive, supportive relationships is a common theme in the research findings of all three academics.  Being closely connected to others has proven to be an essential ingredient to personal wellbeing.


How Can HPH Solutions Help You Take Care of Your Loved Ones and Create Wealth For Life?

You have worked hard to earn your financial success. That is a huge achievement. By putting your financial success to work in service of those that matter to you most, you can compound that financial success and build wealth for life. You can use your wealth to protect your loved ones from future financial distress, and you can minimize the potential risks in their lives. You can provide that confidence for many years to come, and you can show your loved ones how much you value their safety and security. You can put plans in place for your own future, to ensure your family knows what you want, and that they don’t have to worry about your care when the time comes. You can also contribute meaningfully to the community and advance the fortunes of others. In other words, your financial wealth can make more than interest. It can work to stabilize your world and the worlds of those around you.


Saving For Children’s Education

Beyond safety and security, parents also want to provide opportunity. As Benjamin Franklin eloquently put it, “An investment in knowledge pays the best interest.” Certainly, investing in the education of your children or loved ones bestows a fortune beyond any bank account, as it often confers independence and capability, and builds wealth in their own life. Thus, it is worthwhile giving careful consideration to planning the educational future of your children. Which school will they attend? How will you choose to pay for this education, and what options are available to structure your payments? Is the preferred school conveniently located, and if not do you need to budget for relocation and new home purchase? Beyond primary school, are you considering funding your child’s university studies?

There are a great many things to consider in planning and funding an education, but it is arguably the most valuable investment you can make in your children’s lives. It is the seed of their wealth for life. Therefore it deserves close and careful attention from skilled professional eyes.


Personal Insurance Advice

Many people have invested in life insurance by the time they have started a family. But there are often other modes and configurations of insurance that you may be eligible for and that may in fact be of vital importance to you. We aim to discover what is most important in your life, and find the best and most efficient ways to insure yourself and your most important investments, be they property, business, the education of your children, or your health. We will work with you to find the best strategies for reducing your risk.


Estate Planning

HPH Solutions can help you organize your assets and liabilities, and build a tailored plan for you to best minimize your debts and build your wealth. We can help you navigate your tax obligations, finances around marriage and children, and how best to structure your finances so that your estate plan fosters and strengthens family ties and continues to grow and remain healthy for many years to come.


Aged Care Financial Advice

While it can be difficult to consider the consequences of ageing, it is important to plan and prepare for times in your life when you may not be able to sufficiently care for yourself. Creating a plan to finance your care after retirement and in the event of your partial and/or complete incapacitation is a plan to preserve your family from distress, and to empower your future self to be cared for as you see fit. At HPH Solutions, we want to give you every power at your disposal to make your later years as comfortable and as manageable as possible.


Financial Life Planning is a holistic process
that puts your interests first and focuses
on increasing your sense of financial
well-being and life satisfaction.