Foremost, living well is the craft of managing the mind. That craft involves playing the right concepts wabi-sabi style: discarding whatever is not useful or beautiful.
(Wabi-sabi (侘寂) is the Japanese aesthetic embracing transience, asymmetry, and imperfection. The aspect of wabi-sabi referred to regarding mentation is elegant economy.)
Living well is living productively. Doing what needs to be done and enjoying it is the fruit of living well.
Level of consciousness determines one’s true wealth. Low life is full of stereotypes, believing whatever comes to mind, mechanical and repetitive behaviors. This perspective-ignorance dims the vibrancy of life. Low life arises from letting a miscreant mind run its victim’s life. This modus operandi is itself mental illness.
High life is of clarity and spontaneity. It comes with a quiet mind that affords focus and full perception of the uniqueness of every moment.
High life is essentially living in meditation. Practices such as yoga and meditation help in habituating mental silence but subduing the mind by not allowing emotions or thoughts to linger is a necessary discipline.
A low-life mind insists on attachment to objects and is often insufficiently inattentive to the dynamics involved in object interplay, including relationships with others – bad concept management indeed.
Living well is a process. As such, optimizing processes is part of the art of living well.
For more on this topic, read Clarity: The Path Inside.