According to best selling Zen Japanese Millionaire and author Ken Honda, we need two types of Financial Intelligence to be “successful” with making and managing our money. Money IQ and Money EQ, and according to his research EQ matters most!
As you likely know, IQ is intelligence quotient, EQ refers to Emotional Intelligence. But Money EQ? In his book “Happy Money”, Ken explains why Money EQ is more important. The concept is actually in line with the tenants of Gentle Teaching. It is about gratitude, “Arigato” in Japanese which is Thank You, but with emotion (also in line with the Heart Coherence). All these philosophies come back to the same central idea… it is all within us!
Check out the reviews of both Happy Money books below:
10 Powerful Happy Money Lessons From The Zen Millionaire (forbes.com)
arigato [ah-ree-gah-taw; English ahr-ee-gah-toh ]
And Harvard researchers agree! This is the abstract from the book “Happy Money: The Science of Happier Spending.” By: Elizabeth Dunn and Michael Norton.
If you think money can’t buy happiness, you’re not spending it right. Two rising stars in behavioral science explain how money can buy happiness—if you follow five core principles of smarter spending. Happy Money offers a tour of new research on the science of spending. Most people recognize that they need professional advice on how to earn, save, and invest their money. When it comes to spending that money, most people just follow their intuitions. But scientific research shows that those intuitions are often wrong.
Happy Money explains why you can get more happiness for your money by following five principles, from choosing experiences over stuff to spending money on others. And the five principles can be used not only by individuals, but by companies seeking to create happier employees and provide “happier products” to their customers. Dunn and Norton show how companies from Google to Pepsi to Charmin have put these ideas into action. Along the way, the authors describe new research that reveals luxury cars often provide no more pleasure than economy models, that commercials can enhance the enjoyment of watching television, and that residents of many cities frequently miss out on inexpensive pleasures in their hometowns. By the end of this book, readers will ask themselves one simple question whenever they reach for their wallets: Am I getting the biggest happiness bang for my buck?
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https://www.canada.ca/en/financial-consumer-agency/services/financial-toolkit.html
Your Financial Toolkit – Canada.ca
An online learning program providing financial information and tools for adults.
