Beyond Net Worth: Measuring Life by Net Happiness and Net Aliveness
Michael J Donovan, PhD
1/22/20267 min read


We've been asking the wrong question for too long. When we meet someone successful, we wonder about their net worth. When we evaluate our own progress, we calculate assets minus liabilities. We've built an entire civilization around a single metric: how much financial value have you accumulated? But what if this narrow focus has caused us to optimize for the wrong thing entirely?
It's time to propose two new standards for measuring a life well-lived: net happiness and net aliveness. These aren't feel-good abstractions. They're practical frameworks for evaluating whether we're actually winning at the game of life, rather than just winning at the game of money.
The Tyranny of Net Worth
Net worth has become our default scorecard because it's measurable, comparable, and society has agreed to treat it as meaningful. But this convenience comes at an enormous cost. Consider what happens when net worth becomes your primary metric. You might work a job that drains you for decades because it pays well. You might sacrifice relationships, health, and experiences in pursuit of a larger number in your bank account. You might reach retirement with millions in assets and realize you've forgotten how to feel anything at all. The problem isn't money itself. Money is a useful tool, and financial security genuinely contributes to wellbeing up to a point. The problem is treating net worth as the ultimate measure of success, rather than as one input among many that might contribute to what we actually care about: a life rich in happiness and vitality.
Introducing Net Happiness
Net happiness is the cumulative emotional profit of your life: the sum of all joy, contentment, love, satisfaction, and peace you've experienced, minus the sum of all suffering, anxiety, boredom, and despair. This isn't about toxic positivity or pretending negative emotions don't exist. It's about honestly evaluating whether your life is generating more wellbeing than misery over time. Some key principles:
Net happiness accounts for duration and intensity. A decade of mild contentment might equal a year of intense joy. Similarly, chronic low-grade anxiety can accumulate into a massive deficit, even if no single moment feels catastrophic.
Trade-offs matter. Sometimes we accept temporary unhappiness for future gains. That brutal certification program might be worth the stress if it opens doors to deeply fulfilling work. But we often make poor trades, accepting massive present-day misery for marginal future benefits we've been conditioned to overvalue.
Hedonic adaptation is real but not absolute. We do adapt to both positive and negative changes in our circumstances, but not completely. Research shows that some things, like meaningful relationships, autonomy, and serving something larger than ourselves, contribute to sustained happiness rather than just temporary spikes.
Your net happiness is not selfish. Some of the most happiness-rich activities involve contributing to others: deep friendships, raising children, meaningful work that serves people, creative expression that moves others. A life optimized for net happiness often generates tremendous value for the world.
Introducing Net Aliveness
Net aliveness is different from net happiness, though they're related. It's the cumulative measure of how fully you've inhabited your own existence: the sum of all moments when you felt genuinely present, engaged, energized, curious, passionate, and intensely aware of being alive, minus all the time spent numb, disconnected, going through the motions, or feeling like a spectator in your own life. You can be happy without being particularly alive. Comfortable routines, familiar pleasures, and low-stakes contentment can generate net happiness without generating much aliveness. Conversely, you can have moments of intense aliveness that aren't particularly happy: challenging yourself at the edge of your abilities, taking meaningful risks, engaging with difficult truths, or experiencing art that shakes you awake.
Net aliveness values intensity and presence. An hour of complete absorption in creative work, deep conversation, physical challenge, or awe-inspiring beauty might contribute more to net aliveness than a week of comfortable routine, even if that routine feels pleasant.
Growth and challenge contribute to aliveness. We feel most alive when we're learning, stretching, becoming. The comfort zone is aptly named: it's comfortable but not particularly enlivening. This is why people often feel most alive during periods of change and challenge, even difficult ones.
Aliveness requires showing up fully. It's impossible to generate net aliveness while checking out emotionally, numbing yourself with distractions, or sleepwalking through your days. Aliveness demands vulnerability, attention, and engagement with what's actually happening.
Peak experiences matter disproportionately. Moments of transcendent aliveness—falling in love, creative breakthroughs, profound beauty, meaningful accomplishment, transformative insights—seem to contribute lasting value to our sense of having really lived, even years later.
Why We Need Both Metrics
Net happiness and net aliveness are complementary, and a rich life typically requires both. Too much focus on happiness alone might lead to a life of comfortable routines and risk avoidance. Too much focus on aliveness alone might lead to constant intensity-seeking that exhausts you and burns relationships. The sweet spot is different for everyone, but most people benefit from some combination.
Think of them as two axes on a graph. The goal isn't to maximize one at the expense of the other, but to ensure you're solidly positive on both dimensions and moving in directions that feel right for your values and temperament.
Some people might naturally prioritize happiness: they want a life that feels good day to day, with strong relationships, manageable challenges, and reliable contentment. Others might lean toward aliveness: they want a life that feels meaningful and intense, even if it's sometimes uncomfortable or uncertain. Neither approach is wrong. The tragedy is living low on both dimensions because you're too busy optimizing for net worth.
Practical Applications
So how do you actually use these frameworks? Here are some ways to start:
Regular check-ins. Monthly or quarterly, honestly evaluate: Am I happier this period than last? Do I feel more or less alive? If the trend is negative, what needs to change? This isn't about constant self-optimization, but about noticing when you're drifting in directions that don't serve you.
Decision-making filter. Before major decisions, ask: Will this increase or decrease my net happiness? My net aliveness? A job that pays more but requires a soul-crushing commute and work you find meaningless probably decreases both. A creative project that excites you but pays nothing might increase both significantly.
Identify your drains and sources. What activities, relationships, and commitments consistently drain happiness and aliveness? What reliably generates them? Can you systematically reduce the former and increase the latter? This isn't always possible, but it's often more possible than we assume.
Redefine success stories. Start noticing when you're impressed by someone's net happiness or aliveness rather than their net worth. The friend who radiates contentment and has deep relationships. The person who's fully engaged with their craft and brings infectious energy. These are successful people by metrics that actually matter.
Question inherited assumptions. We all carry unconscious beliefs about what we "should" want or do. Many of these beliefs serve net worth but undermine happiness and aliveness. The assumption that you should always climb the ladder, never turn down more money, or prove yourself through achievement—interrogate whether these actually serve your wellbeing.
The Objections
Predictable objections arise when you suggest measuring life by something other than dollars:
"These metrics are too subjective." Yes, and so what? Net worth is only "objective" because we've agreed on how to measure money. But money's value is ultimately subjective too—it's only worth what it can buy or the security it provides, and those things matter differently to different people. Better to measure subjective things that matter than objective things that don't.
"You can't improve what you can't measure precisely." You absolutely can. People improve their health without precise measurements. They deepen relationships without quantifying them. They develop skills through qualitative feedback. Rough directional awareness beats precise measurement of the wrong thing.
"This is privileged advice—poor people need money." Absolutely true, which is why I'm not suggesting money doesn't matter. Below a certain threshold, financial security is crucial for both happiness and aliveness. But above that threshold—which is lower than most people think—the correlation between money and wellbeing weakens dramatically. Many people who have enough keep sacrificing wellbeing for more, and this is worth questioning.
"Someone has to pursue wealth for society to function." Sure, but virtually no one is currently suffering from too few people pursuing wealth. We're not at risk of everyone suddenly ignoring practical considerations. If anything, we suffer from the opposite: too many capable people pouring their energy into zero-sum wealth extraction rather than positive-sum happiness and aliveness creation.
A Different Kind of Rich
Here's what I envision: a cultural shift where "rich" means rich in happiness and aliveness, not just dollars. Where we admire people who've crafted lives of genuine fulfillment rather than just impressive balance sheets. Imagine someone asking "How wealthy are you?" and the honest answer being: "I have deep friendships that bring me consistent joy. I do work I find meaningful most days. I'm healthier and more energized than I was five years ago. I have enough financial security to not worry constantly about money. I take regular risks that help me grow. I feel like I'm actually living my life rather than postponing it." That person is wealthy by metrics that matter. They might also have significant net worth, or they might have relatively little. But their net worth is a tool in service of wellbeing, not an end in itself.
The Invitation
I'm not suggesting you should stop caring about money or financial security. I'm suggesting you subordinate these concerns to what they're actually for: enabling happiness and aliveness. Next time you evaluate a major decision, try this: instead of asking "Will this increase my net worth?" ask "Will this increase my net happiness and net aliveness?" Notice if the answers diverge. Notice how much more clarity you get by asking better questions. You might discover that the raise that requires relocating away from your community isn't worth it. That the expensive hobby you've been feeling guilty about generates disproportionate wellbeing. That saying no to opportunities that don't excite you, even lucrative ones, is actually the shrewd move. You might discover that you're already rich by the metrics that matter, and that recognizing this changes everything. The scoreboard is broken. We've been optimizing for points in a game that doesn't determine the winner. It's time to check different metrics and start playing the real game: accumulating as much happiness and aliveness as possible in the brief time we have.
That's a game worth winning.