In short
The Daily Motivation Podcast
Episode Title
How To Become A Happy Millionaire | Ken Honda EP 893
Episode Overview In this episode, Lewis Howes interviews best-selling author Ken Honda about achieving true wealth and happiness. Honda emphasizes the importance of a healthy relationship with money, encouraging listeners to view it as a source of joy rather than a burden. He shares insights on how to let go of financial attachment and embrace a mindset that fosters abundance and opportunity.
Key Concepts and Discussions
- The Greatness Mindset
- Introduction by Lewis Howes
- Discusses his new book, *The Greatness Mindset*, which provides strategies and stories to help individuals live authentically and pursue their dreams.
- Understanding Money
- Balance Between Spending and Saving
- Honda highlights the necessity of balance in financial habits.
- Discusses the duality of spenders and savers in relationships.
- Creative Spending
- Encourages listeners to experience money creatively—suggesting that treating money as an entity can transform one’s relationship with it.
- Advocates for spending on experiences that create lasting memories rather than just material possessions.
- Flow of Money
- Letting Go of Money
- Emphasizes that holding onto money tightly can stop the flow of opportunities.
- Suggests that by letting go of money easily, more financial opportunities will come into one’s life.
- Investment in Experiences
- Shares personal anecdotes about the value of attending seminars and networking, highlighting that experiences often yield greater returns than saving excessively.
- Emotional Connection with Money
- Mutual Feelings with Money
- Discusses the idea that money should be treated like a relationship; mutual respect and love are crucial for a healthy dynamic.
- Asks listeners to consider if money loves them back as much as they love it.
- Philanthropy and Impact
- Using Wealth for Good
- Honda shares experiences of using money for charitable causes, like funding an orphanage in Cambodia.
- Discusses the joy and fulfillment that come from using wealth to positively impact others.
- Empowerment through Giving
- Encourages listeners to view their financial resources as tools for blessing others, rather than hoarding wealth for personal gain.
Conclusion
- Honda’s philosophy revolves around the idea that happiness and wealth are interconnected and that a positive mindset towards money can lead to profound personal and collective happiness.
Call to Action
- Listeners are encouraged to follow the show on various platforms, sign up for the Greatness newsletter, and explore the full episode for deeper insights.
Additional Resources
- [Make Money Easy Book Tour](https://lewishowes.com/moneyyou)
- [Full Episode Link](http://www.lewishowes.com/1331)
- [Greatness Newsletter Sign Up](http://www.greatness.com/newsletter)
Thank you for engaging with this episode summary. Tune in to the next episode for more motivational insights!
Written by AI. May contain mistakes. Listen to the episode to check what was said.
Transcript
Automatic transcript. May contain errors.0:00Hi, my name is Lewis Howes, and welcome to The Daily Motivation Show.
0:11If you feel like you're not living your most authentic life, not leaning into your purpose, and not living the life that your future self would be extremely proud of, I've written a new book called The Greatness Mindset, and I think you're gonna love this. Through powerful stories, science-backed strategies, and step-by-step guidance, The Greatness Mindset will help you overcome all the different challenges in your life to design the life of your dreams and then turn it into your reality. Make sure to click the link in the description to get your copy today. You know, we're trying to have balance.
0:43That's what's so beautiful about humankind. Somehow the spender gets married with moneymaker. Someone's making all the money and someone loves to spend it all. Right. So you have to have the balance. That's where Zen comes in. If you're spending too much, you have to start saving. If you're saving too much, you have to start spending. So the prescription I give to each client is different. For some people, the savers, I said, withdraw$1 ,000 and spend it for nothing in 24 hours. A week later, they came back and said, can I withdraw$1 ,000? I didn't spend it. But I spent like$20. Oh, man. Because they cannot waste their money.
1:27It's against their constitution. So don't think about it because just enjoy the money flow. You can give it to people. You can throw it away on the floor because somebody is going to pick it up and make somebody very happy. So you can be creative with money. But we are taught from a young child that you have to take care of money well. What if you just throw your$100 bills on the street? What would your mother say? What happens when we are attached to money? I think the flow of energy gets stopped. So if you let go of money easily, the more opportunities come easily. Because you cannot let go of money you cannot receive.
2:09If you let go easily, the more to come. So those people are losing out opportunities. I had a friend in my 20s when I asked him to go out and have some fun. And he said, no, no, no, I don't want to do that because it's going to cost something. Say, you know,$50 or$100 for a party, right? But just look at what he's missing. He's missing out the opportunity of meeting new people. Like I met many great mentors by attending very expensive seminars. You know, I attended like$200 seminar. At the time, it felt like a million dollars. But since I was the only student at the time to attend a business seminar, everybody loved me.
2:51So that was a great investment, for example. So if you let go of money easily, you get so much. Why don't you think letting go of money as almost like a shopping for your memories? Because I didn't have to fly. I'm going around the world this time. I'm just meeting up a lot of people. It costs some money, right? By spending so much money on hotels and airplanes, I'm having such a great time. Yes. You have experiences, life memories. Yes. So when I'm in a senior home sometime in the future, I think of having this conversation with you. or meeting a lot of great people in the world. If you don't spend the money, you don't get all the fun memories.
3:32Right. So think of money as a person. I talk to thousands of people all the time and just ask a big audience, how many of you love money? You know, if it's a business seminar, they say, yes. And my next question is, how many people do you think money loves you as much? And they think, I love money, but I don't know if I'm being loved by money. Feelings must be mutual, right? It's the same thing with a relationship. Even if you love her, love him so much, if you don't get the same amount of love from the other part, it doesn't mean anything. If you want to be in love with money, you have to respect your money as your best friend or your love of your life.
4:14So love and money can love you back. I always ask my money where it wants to go. The other day, I got a big check from overseas. It's about$10 ,000. Oh, thank you. Thank you, money. And I asked money, do you want to stay with me or do you want to go somewhere? And the money said, I hear it in imagination. The money says, I want to go to Cambodia to help kids. Wow. And then I remember there is a friend of mine who is doing an orphanage in Cambodia. So that$10 ,000 is helping kids for fruits and electricity and the rent for a whole year, like 36 kids. And that$10 ,000, I could have used for something else, but I have already enough.
4:56By asking the money where it wants to go, it went to the right place to bless the kids. If I start doing that, the more money comes in. So more money comes in from the world, and I've written 200 books. So almost like every few other days, I get money from somewhere. Amazing. Yeah, so I ask money, where do you want to go? And then I want to take your family out for dinner. That's good. I'm not saying that you should spend your money for somebody else. It could be, you know, I want to buy a car or whatever that is. So if you can have some distance from money, instead of like, this is all my money, you can be free from money.
5:34I think you have all the rights to see how your happy money can help others. Right. So if you just hoard your money and then die without doing anything, you are missing out the most fun because you have such an impact. You could have an impact for other people. And I think that's a reward for making so much money.
6:10Thank you so much for listening to today's episode of The Daily Motivation, and I hope you have an amazing rest of your day. If you enjoyed this episode, make sure to click the link in the description. That will take you to the full episode of our main podcast on the School of Greatness. And if you are loving the daily motivation, please follow us over on Apple Podcasts and Spotify and leave us a review over on Apple Podcasts right now. And if you want more exclusive content and ad-free listening experience, make sure to subscribe to our Greatness Plus channel on Apple Podcasts right now. And if you want to get even more inspiration from our world-class guests and learn how to improve your life and take it to the next level, then make sure to sign up for the Greatness newsletter and get it delivered right to your inbox over at greatness.com slash newsletter.
7:00Again, have an amazing day, and I'll see you tomorrow with another episode of the Daily Motivation Show.
7:15Thank you.
From the publisher
Don't miss the Make Money Easy Book Tour! https://lewishowes.com/moneyyou
Ken Honda, Best-selling Author shares how to become truly wealthy.
Check out the full episode: http://www.lewishowes.com/1331
Sign up for the Greatness newsletter: http://www.greatness.com/newsletter
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