Does having a negative impact on others decrease one's well-being? In three separate pre-registered studies (n = 111, n = 445, & n = 447), participants engaged in a button-pushing activity for 4 min in three conditions: earning money for themselves (~60c), also earning money for the Red Cross (~15c), or also reducing the money distributed to the Red Cross (~15c). The results of the individual studies and a meta-analysis across them showed that positive impact increased well-being, but even though participants were aware of the negative impact they were having, there was no increased ill-being in the negative impact condition. In Study 3 we examined whether participants in the negative impact condition are mentally compensating by emphasizing the positive impact they are having towards science.