The biggest problem today is we are so afraid of money | Ken Honda

Ken Honda is a best-selling author who has written over 50 books on personal finance and sold over seven million copies worldwide He went from noticing the difference between happy money and unhappy money even as a child working in his father's accounting practice to making millions of dollars and being able to retire when he was only 29 years old Need motivation watch top 10 with believe nation Hi Hey, it's Evan Carmichael and I make these videos because you are probably the most ambitious person in your circle But you know you're capable of more and you get that push by surrounding yourself with the best So today let's learn from one of the best Ken Honda and my take on his top ten rules to success Joy, okay. Let's kick it off with rule number one change your language I think most of us the the biggest problem I think especially today is that we are so afraid of money and So as much as we want money, we are so scared of it. So why do you say that?

I think that that hit me is very counterintuitive Why why do you think people are scared of money? It's because of a money trauma I call it money wounds that we we've had since our childhood. We used to have some unless your parents are perfect and Unfortunately, it's not the case in Any any culture so we've been scolded about money, you know, we spend too much We waste the money or we denied Corrected lesson or soccer lesson or a ballet lesson or piano lessons because it's expensive Some of my friends were taught you are not worth it.

Oh, that's like it's a big blow. So We've been denied so many times around money. So that's why as much as we want money because we feel Money can buy happiness or money money kept by at least freedom, but at the same times money Have been abused abused us for so many ways So as much as we want to get close to it, but if we get too close to it We get burns or they hurt so For a lot of people money is a mystery person So, how do they begin to change that relationship?

I'm assuming some of this is gonna be just narrative around how they talk to themselves about money What do you advise people you have to start watching Europe your language? My mother used to say that and then Around money, especially a lot of people say like, you know, I was ripped off so there are so many negative language around money and My mentor why has said you have to use positive words around money Otherwise money will not like you and I really I thought it's very cute, you know, and then In my book I talk about what if If money were a person who would it be? Like is that person a gentle person or angry person?

so just you know, you have to pay attention to how you relate to money if you just Feel like money is just a thing like you don't care But if you don't care, you know, you end up being in debt So you have to be very careful and respectful for money rule number two develop money EQ what I found out is that people want to learn about money IQ which is about financial intelligence It's about investing how to buy stocks and how to trade and all the other things But what I found out is that money EQ is more important than money IQ Money EQ is emotional intelligence about money how healthy you feel with money Healthy relationship is that when you feel happy about money? Your money EQ is high when you constantly worry about money and you you have fear on money But your money EQ is law and the highest money IQ people with all the MBAs and all the doctor degree They are good at investing and they're super good with business But these high money IQ people often lose everything because of low money EQ even though you built a high tower with money IQ the foundation is shaky It's gonna fall so money EQ is a foundation of life For example, if you get a $500 raise, which is great, but can you keep the money? Probably you will celebrate that your raise and spend it all and then if you get a $2,000 raise which is great Probably you're gonna move to a better and bigger house and then you're gonna probably buy a bigger car and more expenses go up So even though you get a raise you make more money Your expenses also are trying to match your income.

So you have no money at the end of the month Anyway, I have known many CEOs who are making a few hundred thousand dollars a year But still they cannot keep any money left because their lifestyle Consumes all the money. So unless you learn about money EQ and how the solid foundation You'll never be able to feel peace with money and you'll never be able to achieve true financial independence Rule number three focus on what you give I had this opportunity to meet my mentor later on His name is Wahei Takeda. So when I asked him to teach about money He said his first lesson is forget about money.

So I was so confused yeah, one of the things that I found super confusing and people so the where I was going is the notion of a Zen Cohen and This is something that people probably in the u. s Anyway be tangentially familiar with the most famous when we talk about is what is the sound of one hand clapping? And There are many Zen Cohen's which are like beyond confusing And of course the idea is once you understand sort of the absurdity of the question itself And of course, I'm doing this from a logical perspective in Zen is I think meant to be very different than that But I'm just to get people an anchor point once you understand the absurdity of the question Then it's like you're a step closer to enlightenment So when he said forget about money, what was he?

What was he trying to get you to like what does that mean because obviously it's not truly forget that it exists Yes, so what does he mean? So I think he meant about where I focus Because if you want money, you have to forget about money You have to forget about what you can give to other people How much service you can give out to the world and then you receive money? So he was telling me not to focus on money because money is the end result of what we get After serving the world, so instead of focusing on what you get you have to really focus on what you give and And our life is in the middle of giving and receiving So unless we receive well unless we we give well we can receive So we are in this cycle of appreciation or or resentment either cycle you're in Your life exists.

So if you start appreciating your life about everything including money your life will be filled with money and appreciation if your life will be filled with resentment anger and fear Around money and also around life your life will be also surrounded by life fear and resentment and anxiety rule number four be thankful treat money with respect and Whenever we receive money That's a miracle because somebody chose you as a client or a person that to work for so you can appreciate your boss your clients or the company you're working for to Making a miracle and just pay you pay you the money so you can feel thank you. Thank you. Thank you and then You know bless the money in a most beautiful way Also, if you want to have more self-love and confidence check out my 254 series They're free the links to join on your description below.

I don't cheat on my wife. I don't cheat on my customers I don't cheat people. I don't cut corners if I can't do something.

I'll tell you upfront if I screw up I'll tell you after you practice martial art you develop this natural self-confidence not cockiness But you develop this natural self-confidence Brennan. You want to be a writer? You can't write rule number five have a positive attitude I used to serve a cup of tea for my father's clients when when I was nine or ten I really enjoyed it because I I just annoy them with all those professional Questions like what's your ROE or how are you making profit in your company, sir?

You know and they're like, oh, you know, they feel so intimidated So I really enjoy giving them very difficult questions And since then I've seen some entrepreneurs do well and some entrepreneurs do Not so good, you know, even though if there is saying the same age same educational background their financial outcome is so different and I realized that the certain people have gifts around making money and others have this blocks and unwillingness to do business So your attitude toward money is either positive or negative so Positive people tend to attract more money and whereas negative if you have a negative attitude around money You tend to lose it. You have a hard time keeping it because if you Deep inside if money is bad, you don't want any bad thing in your house So I always often talk about it as a joke just imagine money as a as a monster or pet in your house Is that like a Pokemon fun pet in your house or it becomes a monster that could eat you up your parents or kids? If you think money is scary You don't want a scary thing in your house.

And so if you have a positive attitude Around money, you'll be very good at making money and if you have somewhat negative Attitude toward money you want to keep some distance. That's why some people are very good at attracting money other people like oh I I'm okay with enough if I As long as I can pay all the bills, I'm fine. Well as long as I'm on survival mode But still I can survive I'm okay So it's up to you how comfortable you feel around money and business rule number six redefine wealth In my mind wealth is an emotion You know, it doesn't really matter how much you have how much you make because I've interviewed over the course of my career I've been to be made millionaires and billionaires and some of them are very unhappy and very upset with everything I'm sure you've met some happy ones and very unhappy ones So and also among the people who are struggling with life There are also happy people and unhappy people So I think both is an attitude if you feel like you're so happy and so content with what you have you are already wealthy, but if you have You have if you have to struggle every day and you cannot feed find happiness Either in your business or in personal life, I think you're not wealthy even if you have billions in your bank account But that doesn't mean that you don't have to have money rule number seven open up.

What I find about money is that The questions are universal If I go to China Europe North America Japan all the questions are very similar and most of us Have a hard time receiving money because we feel somewhat unworthy of ourselves So when money was offered to us, even though it's a legitimate work, you know We we render service or do work, but we still feel shy when it comes to receiving money So in a way we are super super good at giving but we are lousy at receiving so receiving is the first rule of money EQ and If you have a hard time receiving money think of the other way around when we try to give something and the other Part, you know your friend or whoever that is say no. No, no. No, I can't accept that you feel kind of funny like I want you to receive it because Receiving is the other end of cycle of giving so unless you receive Somebody cannot give so you're receiving or that giver, too So if you understand this cycle of appreciation of both receiving and giving you have to end a cycle of this giving and receiving By being a receiver side, so you may feel a little funny or strange or blocks at the time You just you take one more step and just with a smile Thank you.

I appreciate it. Thank you. I accept that if you Open your heart and accept Finance financial reward or smile or appreciation whatever that is If you are willing to open up to new possibility You complete the cycle so be willing to do that for the giver because if you're If you graciously accept the money, they feel great too.

They feel the joy of giving so Just imagine this, you know by receiving beautifully you give the giver the joy of giving So just a little practice and it takes a lot of courage a lot of openness You know in on your side to do but once you're open and start receiving You realize that how much money? Friendship and care and support you haven't been able to receive and then you feel like wow You know all the things I I didn't receive were there and then you'll be surprised the cycle of receiving And giving will accelerate in your life rule number eight Appreciate and let go a lot of time. We write checks with Resentment oh, you know, I have to you know, give this person or give the company or write taxes, you know pay taxes But instead we can appreciate When we pay some money because in exchange for the money we got something either services or goods so in exchange we can appreciate and let go of the money and Why hate taught me the mantra so money money money Go out bless the world and come back with your friends rule number nine find your gifts There's nothing to do with the ink level of income.

You can you can gain and also it is your physical condition unless your Your work is a manually labor related thing These days and most of the work are on computers or even if you're on wheelchair You're physically if you have a physical handicap your ability of making money doesn't get influence, so I recommend I suggest you Start assessing your life. There must be something you're good at that you like or you find joy And if you find some gifts that you are You're good at something and you have to focus on that and improve your skills and gifts for example If you're good at making crafts, that's one way of making more money if you're good at making webpage that's also another income source and if you're good at writing You you could make a nice beautiful tagline for companies or if you're good at helping people You can do that online. And so there are so many things you can do online The key is that you create or you can come up with many different ideas And rule number 10 the last one before a very special bonus clip is find mentors The reason why you're in credit card debt is you didn't have enough knowledge Probably you didn't have the right mentors or teachers around money so I want you to know more about money so that way you can get out the debt and start saving enough money and Someday very soon you find your financial independence in your future now I've got a really special bonus clip that I think you're gonna enjoy but before that it's time for the question of the day I want to know what was your single biggest takeaway from this video and write down in the comments below When you're going to take action on that takeaway this week when you schedule in what day what time and what place you're gonna Take action.

You have a 91% chance of actually following through compared to just 35% if you just got motivated but never created a plan and when you share your plan and have Accountability you give yourself an even higher chance of following through so in the comments below write down your single biggest takeaway as well as your specific plan of action because I want to celebrate with you happy money is money that Makes you smile when you receive it and gives you joy when you spend it Just imagine like a ten-year-old boy buys a rose For his Mother's Day with his allowance and give it to his mom and said mom. Thank you so much I love you that is happy money and all the money that We donate to the charity or the people who lost their homes and and I really appreciate American people Well sending us a lot of money and a lot of middle water and no food After the earthquake about eight years ago. We were so touched by the generosity of Americans You know, they were the first to arrive to the earthquake place and then they helped us so much So that is happy money too, so all the money spent and dealt with love Friendship and care that's happy money.

You know it because when you receive happy money that touches your heart and says Thank you.