kinoki said:
P - Positive emotion
E - Engagement
R - Relationships
M - Meaning
A - Achievement
Basicly what we're lacking when we say that the western world is miserable. We try to fill our lives with positive emotion and want to simplify things down to "that's the one that matters". But being engaged in projects, having valuable relationships with people, have a sense of meaning or a goal and working towards that achieving these is much more important since it represents the bigger picture.
Being hedonistic works to a degree but without some substance we're left to wallow in the feeling "Why doesn't this make happy today when it made me happy yesterday?".
I'll agree with that list, and it's pretty much in order: you need positive emotions to make friends/meet significant others/get along with family, the people in your life are often times the source of meaning, and anything you achieve in life really isn't worth anything unless you have someone to share it with (or perhaps people
are the achievement: raising a family, maintaining relationships, the students you might teach, etc.).
When it comes down to it, you're probably going to be miserable if you're (forever) alone no matter where you are in the world. I've seen some posts on GAF that say 'I'd be much happier if I had a million dollars'...or even worse, that thread where you sell out
all of your relationships for like 10 million dollars...so many people said they would do that...really disheartening. "Money doesn't buy happiness": it's as cliché as it is true. Sure, it can help you feel positive emotions, build relationships, and achieve goals, but most of the stuff that money buys isn't inherently satisfying.
So yeah, pursue relationships instead of money and you'll probably be pretty well off happiness wise.