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We investigated individual differences in the processes of subjective well‐being (SWB). There were considerable individual differences in the domain that was most strongly associated with global life satisfaction. Individuals also differed significantly in the types of activities that they found satisfying. Moreover, these individual differences in the patterns of SWB were systematically related to value orientations. A 23‐day daily diary study revealed that intraindividual changes in satisfaction were strongly influenced by the degree of success in the domains that individuals value. The present findings highlight the meaningful individual differences in the qualitative aspects of subjective well‐being.