"Life's Been Good" is a song by American singer-songwriter and multi-instrumentalist Joe Walsh that first appeared on the soundtrack to the 1978 film FM. The original eight-minute version was released on Walsh's fourth studio album But Seriously, Folks... (1978), and an edited four-minute single version peaked at No. 12 on the US Billboard Hot 100, remaining his biggest solo hit.

In the song, Walsh satirically reflects on the antics and excesses of the era's rock stars, with nods to drummer Keith Moon of the Who and others: "I live in hotels, tear out the walls/I have accountants pay for it all", and "My Maserati does one-eighty-five/I lost my license, now I don't drive".

The 1979 Rolling Stone Record Guide called it "riotous", and "(maybe) the most important statement on rock stardom anyone has made in the late Seventies". His later "Ordinary Average Guy" is written as a late-life followup.[citation needed]

"Life's Been Good" has a mid-tempo, reggae-like groove marked by bedrock guitar riffs, synthesizers, and humorous lyrics. According to Billboard, the lyrics are at least partially autobiographical. Walsh's ARP Odyssey synthesizer riff accompanies the lead guitar in the middle of the song. The lead guitar in the outro is accompanied by the main riff. Bill Szymczyk and Jody Boyer perform the backing vocals.

Made after Walsh had joined the Eagles, "Life's Been Good" was incorporated into that group's concert repertoire, appearing in shows at the time as well as reunion tours. It remains a staple of classic rock radio playlists. A live version of the song with the Eagles appears on the 1980 album Eagles Live, where some of the lyrics are changed.

In a 2012 concert at the Troubadour in West Hollywood, California, Walsh explained that the song's lyrics are true. He said that he purchased a home in Santa Barbara, California, shortly before he joined the Eagles. He then spent the next two years touring or recording albums and very little time at home. Rather, he spent most of his time living in hotels. He preferred hotel rooms with adjoining rooms. If a hotel room did not have two adjoining rooms available, he would rent two rooms next to each other. He would then make a connection to the other room by "tearing out a wall". He did not own a Maserati. He lost his wallet and his driver's license was in the wallet. His license was not taken away by the government. Walsh often rode in limousines. He does have an office with gold records on the wall and an answering machine. Walsh said he had been to parties and stayed late on many occasions. One time, he attempted to leave the party in the early morning hours. However, instead of going out the front door of the house, he walked into a closet.

New stereo remaster from the Audio Fidelity CD of "But Seriously, Folks".

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