Do you have to be rich to live a good life? Religion and philosophy say “No.” The jury though is out when it comes to income because it depends on what one defines the good life to be. On the other hand, will living the good life make you rich? The evidence says “Yes.” But then, what is a good life and why is it important to us?A synonym for the good life is well-being or quality of life. Emerson defined this as “the satisfaction of an individual’s values, goals and needs through the actualization of their abilities and lifestyle.” In other words, living a life that moves smoothly; living a happy life. Dr. Jan-Emmanuel De Neve and Professor Andrew Oswald believe that youths or adolescents who are happier in life, or who have higher life satisfaction, tend to have higher levels of income, are better educated, find work faster and get promoted quicker. Both researchers found that this relationship also exists in siblings of their subjects. It was also concluded that gloomy youngsters or youths with relationship problems perform less when it comes to earning money compared to their optimistic, outgoing peers. On the other hand, while having a high quality of life or well-being is important and close to happiness, happiness and wealth work paradoxically.