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improve your relationship with money

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 and has sold more than seven million copies worldwide.

Ken HondaWhile his financial expertise comes from owning and managing several businesses, his writing spans topics that include finance and self-help, focusing on creating and generating personal wealth and happiness through deeper self-honesty.

Ken recently shared a sneak peek of his philosophy behind achieving “happy money.” 

What is the difference between money IQ and money EQ? How do the two work together to create “happy money”?

After running my own businesses for over 20 years, I know there are two types of intelligence that every entrepreneur needs—money IQ and money EQ. If you only have one, your business is sure to suffer.

Every entrepreneur needs a basic level of money IQ. This is about making smart choices in how you make, spend and invest your money. Money IQ helps you create great strategies for generating and protecting your money.

But the true mastery of your business comes from understanding your money EQ—your emotional relationship to money. No matter how smart you are with money until you understand how your unconscious mind works around money you will make expensive decisions, bad choices and miss opportunities.

If your money EQ is low, you could very well end up losing money. That is why there is a long list of extremely intelligent individuals who have allowed their businesses… Read More

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