Financial wealth and security are fundamental aspirations of all humanity. However, these goals must be based on reality and sound ethical principles. Dutch psychologist Ruut Veenhoven defined "happiness" as an individual's satisfaction with the overall state of their life. Therefore, the definition of financial happiness is not limited to possessing vast wealth, but rather to satisfaction with a balanced financial status that aligns with a fulfilling lifestyle. This research employed a documentary research methodology, reviewing relevant literature and academic articles to analyze the significance of financial well-being using content analysis. The findings revealed that achieving sustainable financial well-being comprises four main components 1) financial literacy 2) financial skills 3) financial attitudes and 4) financial behavior. These factors are crucial variables directly impacting self-confidence and quality of life in all circumstances.
The research concludes that individuals can achieve financial happiness regardless of income level if they have systematic and comprehensive financial planning. The researchers suggest that future studies should include experimental research to concretely evaluate outcomes using four indicators, as well as the development of a best practices guideline focused on improving quality of life and sustainable human resource development.

Authors:
Kwanchai Kerdchuay, Prince of Songkla University, Thailand
Jaruwan Thongnueakhan, Prince of Songkla University, Thailand
Ruttayachanee Sitthichai, Prince of Songkla University, Thailand
Wanchai Thamsatchakar, Walailak University, Thailand

About the Presenter(s)
Mr. Kwanchai Kerdchuay is currently pursuing a doctoral degree at Prince of Songkla University, Hat Yai Campus, Thailand. His academic interests focus on creating well-being and financial well-being, with an emphasis on integrated literature reviews

See this presentation on the full schedule – Wednesday Schedule

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