Standard of Living V Quality of Life


As we see from the oversimplified diagram below that as we increase our spending to a point where we exceed our income we achieve a higher “standard” of living proportional the area of the red triangle. AKA greater debt, we can buy more “stuff” ergo standard of living increases.

Standard of living – the degree of material comfort available to a person or community.


As we preserve income (spend less than we bring in) we create margin for ourselves. This results in a higher quality of life but can decrease of standard of living as defined above.


Quality of life – the degree of health, comfort and happiness experienced by an individual or community.

Which do we want and which do we chase? The household debt to income ratio in 2018 for Canada was 171%. ($171 dollars in spending for $100 earned and on a steep rise.)

If we think about it, most of us don’t want to be rich (high standard of living)—we want to be happy (high quality of life). Our mindsets in this regard have been heavily influenced by marketers, media and movies – many of us would surmise that a high standard of living (money) leads to happiness. For sure, greater income can certainly support your goal achievement, provide for your future, and make life more enjoyable, but having ‘stuff’ does not guarantee a sense of fulfillment, peace or happiness.

The challenge with money is that once we have enough to satisfy our needs we move to overconsumption. At this point money and stuff does not add to our quality of life, in fact it negatively impacts it.

Material possession and the pursuit of them start to take control of your life. Buying a big screen TV made you happy, so you buy the high end speakers and amp to go with it. Your vacations go from family camping trips to luxury cruises, and you and your kids now wear only designer brands. You have so much stuff that you have to build a bigger house. For some reason this does not make you any happier or healthier or build better relationships. In fact you have to work harder as does your spouse so you can service the debt you have taken on to live the “lifestyle” (standard of living) you have become accustomed to. With the extra hours you are working you spend less time with your family, you have no time to exercise and eat less than healthy meals – no time to cook. You spend much of your time worrying and stressed about your financial situation, afraid of what would happen if you could not maintain your current situation or miss the next boat payment. Quality of life seems to drop with every $ of debt you take on – a vicious cycle also known by psychologists as the hedonic treadmill, we more often call it the rat race.


If money really brought happiness then why is there such a thing as the lottery curse. Greed takes over! Lottery winners are more likely to go bankrupt within three to five years than the average American. What’s more, studies have shown that winning the lottery does not necessarily make you happier or healthier. Evidence shows that most people who make it to the top one percent of income earners usually don’t stay at the top for very long.

If you don’t know why you’re earning and spending money, then you can’t say when you have enough. Take time to truly understand what having enough means to you. (need v. want) Reduce your risk of racing with the rats, learn to create margin for yourself – reduce your stress.

That’s all good – so what do we do to increase quality of life? Studies show that about:

  • 50% of happiness comes from genetics
  • 10% based on external circumstance (this includes money, age, where you live etc.)
  • A whopping 40% within your control is attributed to “Intentional Activity”


Things you can do to capitalize on the 40% include:

  • Prioritize – focus on the things that impact your well-being and happiness
  • Invest in improving and maintaining your health (physical, mental and spiritual)
  • Forget about the “Joneses” – comparison will eat away at your soul
  • Simplify and declutter – don’t buy / hold on to stuff that does not maximize value in your life
  • Focus on goals that feel meaningful to you (legacy type efforts – who do you want to be at your funeral and what do you want them to say?)
  • Give back – invest your time and margin in other who do not have their needs met – we are wired to help others as a result doing so brings significant sustainable joy

Keep in mind, happiness is a function of your mindset, shift your way of thinking to focus on your primary purpose or goals in life then take steps from there to increase your quality of life.

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Five Ways to Maintain Your Integrity


If we are to be seen as women and men of integrity, every area of our life will be treated with the same intensity. We have the same commitment to excellence in our marriage as we do in our career and our parenting. We can’t choose which ones we show up with integrity in. You are or you aren’t a person of high integrity.

Five Ways to Maintain Your Integrity

We have to establish an authentic code of moral values as our guiding beacon. Said another way, the root of integrity is about doing the right thing even when it’s not acknowledged by others, or convenient for you.

  1. Keep our promises

People of integrity keep their word. If they say they’ll do it, they do it. If they say they’ll be there, they show up. It’s that simple.

“People who promise things that they never give, are like clouds and wind that bring no rain”

  1. Paying your bills

We may not think this is a big deal, but it’s a huge deal. Do you spend more money than you make? That is a lack of integrity. Do you get yourself in debt for things that you can’t pay off? That is a lack of integrity. Ever have someone borrow money and “forget” about it – or keep delaying it? How did that make you feel?

“The corrupt borrow and never pay back”

  1. Refusing to gossip

We are all looking for friends of high integrity who know how to keep a secret and not pass it around on social media. Don’t talk about people behind their back. Don’t even listen to that stuff, muster the courage to walk away or hold people accountable in the moment.

“Gossip can’t be trusted with a secret, but someone of integrity won’t violate confidence”

  1. Be authentic with others

A person of integrity doesn’t act one way at home and another way at work and another way on the golf course.

“We refuse to wear masks and play games. We don’t maneuver and manipulate behind the scenes. rather, we keep everything we do and say out in the open”

  1. Show compassion and sympathy/empathy towards others

You cannot live a life of integrity without showing empathy for others. A lack of compassion for others results in poor judgment, selfishness, and poor relationships.

“Give strong drink to him who is perishing, and wine to him whose life is bitter. Let him drink and forget his poverty and remember his trouble no more.”

Do you have a 6th way to maintain/develop integrity? Please share below so that others may benefit from your wisdom.

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