126: Happy Money, Improving Your Relationship With Money - Ken Honda

Invest Like a Boss

Sam Marks Johnny FD Derek Spartz

Business, Investing

4.8 • 518 Ratings

🗓️ 12 August 2019

⏱️ 41 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Ken Honda is the author of Happy Money: The Japanese Art of Making Peace with Your Money. He is a bestselling author of self-development books in Japan, where he has sold more than seven million books since 2001. While his financial expertise comes from owning and managing several businesses, his writings bridge the topics of finance and self-help, focusing on creating and generating personal wealth and happiness through deeper self-honesty.

During this episode, Ken will help you discover the tools you already possess to heal your own life and relationship with money. Learn how to treat money as a welcome guest, allowing it to come and go with respect and without resentment; understand and improve your money EQ; unpack the myth of scarcity; and embrace the process of giving money, not just receiving it.

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Time Stamps:

02:25 - Introducing the concept of happy money
04:51 - Can money actually buy happiness?
05:25 - “Money definitely can reduce your stress but money itself cannot buy happiness.” - Ken Honda
06:46 - Where does the unhappiness come from?
09:27 - Why it seems like all the bad people make the most money
11:16 - The perfect amount of yearly income to optimize happiness
15:47 - Educating your kids on money
16:40 - “Teach your kids how to be satisfied, whatever you have otherwise you’re into comparison with other people and feel miserable.” - Ken Honda
17:59 - The international relationship with money and changing your energy
20:01 - “The key to wealth is appreciation and gratitude.” - Ken Honda
23:46 - Best advice for young people and their relationship with money
27:41 - Paying and supporting your local community
34:20 - Sam & Johnny FD’s current relationship with money

Transcript

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0:00.0	Welcome to the Invest Like a Boss podcast.
0:02.7	I'm Sam Marks.
0:03.6	And I'm Johnny FD.
0:04.5	We're self-made entrepreneurs who invest our own money and use modern technology to invest
0:08.2	like a boss.
0:09.0	Join us each week for exclusive interviews with our network of modern investors, business
0:12.7	owners, and multimillionaires to discover new ways to invest our hard-earned cash.
0:18.6	Hey bosses, this is Johnny and welcome to In The Vest Like a Boss podcast.
0:22.4	I'm out here in Tbilisi, Georgia.
0:24.3	And Sam surprised me again.
0:26.5	Ola, amigo, Donde estas.
0:29.2	So I just told Johnny I was in Colombia, but what Johnny doesn't realize is I'm in
0:33.3	Columbia, Missouri, not the country.
0:35.6	Oh, my God.
0:36.6	Why am I speaking Spanish?
0:40.0	And why are you in Missouri?
0:47.8	I've never been here. I came out to see Brian Worley, the founder and CEO of Patient. And I just wanted to come out and see a nice small Midwest town. And that is exactly what it is. Very peaceful here.
0:53.0	You know what? I'm actually very happy for you that you're not in South America because
0:57.3	I think that the reason why you travel so fast and so much is you're always looking for
1:02.0	kind of the next best thing instead of just enjoying where you are. So I'm very happy that
1:06.6	you're traveling locally instead of internationally this time.
1:09.9	That's right. And the guests we have on this week, Ken Honda, I've been looking forward to having an him on for a while. And he's actually going to be helping all of us. And he wrote a bestselling book that's called Happy Money, the Japanese Art of Making Peace with Your Money. And I think this is going to be a great episode, Johnny. Yeah. And he has the coolest nickname ever. Zen millionaire. Did he give that trouble? Is that his actual nickname? That's his
	...

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