Money Mindset Mastery: Ken Honda's Shocking Truth About Wealth and Happiness | Ken Honda EP 709

0:00My name is Lewis Howes. Thanks so much for being here. I want to remind you about the Summit of Greatness, our annual conference happening this September in Los Angeles. With David Goggins, Dr. Joe Dispenza, and many more incredible speakers and performers, there will be so many live attendees there that you can meet with, you can network with, and you can help transform your life. I can't wait to see you at the Summit of Greatness here in Los Angeles.

0:28Hi, my name is Lewis Howes, and welcome to The Daily Motivation Show.

0:38how do we reprogram our minds to either heal or shift our perspective to be ready for the money the relationship the healthier opportunity for us i think the question should be what do you need the money for unless you're clear with what you want to do I think you will never be ready I have young people say Ken, I want to make$1 trillion I want to be a billionaire Okay, and I say What are you going to do with the money? And he says, I don't know And if you don't know, you don't need it And then people say, I need a million dollars And my question is, why do you need the money? and they say, I want to feel secure.

1:31So do you think one million would be enough? And she or he would say, oh, three million, please. And then life doesn't go that way. Money comes after what you give out to the world. It's just a reward. I'd say, to be precise, it's just one portion of the prize or reward that you've given out so much to the society. So that's why my mentor said, forget about the money. You know, you have to focus on what you want to put out. So if you put out so much, ready or not, money will come. Just think about it. If you come up with a great app on iPhone and then release it worldwide, like or not, ready or not, money will come, flood in.

2:19So if you find something that will change the way people live or if you can offer something to the world that people love enough to pay you, there will be money. So if you get stuck with a mind game, you have to really look at the reality. Otherwise, you have to get stuck in this place of I have low self-image, that's why I cannot make it It doesn't really matter You don't need confidence You don't need a college degree or MBA All you need is curiosity What if I become that? What if I have a million dollars? What would I do? And if you're so excited about the way to spend your first million dollars you will find the shortcut to the million dollars but by the way the first million dollars you make you're going to waste your money anyway so as you know yeah so you know the first million will be spent on something stupid somebody takes it that's a sort of like a membership fee yeah the price to admission yeah wealthy people's club so your first million will be lost anyway And I've written a book on those.

3:43But if you know, and if you have this mission and passion of how to spend your first one or$10 million, you are on the right track. Because now the energy will support you. I had a friend, going back to your point about how much money do you want? A million dollars? Well, actually, I'll take$3 million. I had a friend who sold a company for nine figures recently, and his equity got diluted over time. So he really only came home with maybe$15 or$18 million, which is still a lot of money, but it was a nine-figure business that he created and launched. And at the end of it, he spent a bunch of money on some big party with friends, and then he bought a boat or another house.

4:33And then he's like, oh, I've only got like, I don't know, seven or eight million dollars left. And then to live a lifestyle that I'm at now, this only lasts so long. I can't keep living this way. Yeah, it only lasts a few years. So part of it is adjusting your lifestyle to figure out what you need and why you really need it. And just being aware of that. Because one million, needing three million, turns into needing 20 million. and it's never going to feel enough if you're living in a certain lifestyle. And so what should we be thinking about instead of like, I want to make a million dollars. Should we be reframing that in a different way?

5:12First of all, you really have to figure out what you want in your life. Do you want to make it, do you want to be a success socially? But you could become, you could end up being a loser personally. So do you want to be a happy person? Or do you want to be a wealthy person? You can take both. But the way to happy and wealthy people only has an opening to aim for happiness first. I love this because most people think once I'm there, then I'll be happy. Then I'll respect myself. Then I'll get the attention I want. What I'm hearing you say is the only way to happy and wealthy is through happiness first.

5:56Yes. And then if you're lucky or if it's your destiny, I would say you may be rewarded with money. But, you know, there are many lives that necessarily money will follow. But you can still enjoy life and stay very happy.

6:19Thank 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.

7:09Again, have an amazing day, and I'll see you tomorrow with another episode of the Daily Motivation Show.