0
SPEAKER_00
 If you can control this greed in you, that I need to have more.
0
SPEAKER_00
It's almost like you're brainwashed by marketing techniques.
0
SPEAKER_02
Welcome to the School of Greatness.
0
SPEAKER_02
My name is Lewis Howes, a former pro athlete turned lifestyle entrepreneur.
0
SPEAKER_02
And each week we bring you an inspiring person or message to help you discover how to unlock your inner greatness.
0
SPEAKER_02
Thanks for spending some time with me today.
0
SPEAKER_02
Now let the class begin.
0
SPEAKER_02
 Welcome back to everyone at the School of Greatness.
0
SPEAKER_02
Very excited about our guest.
0
SPEAKER_02
We have the inspiring Ken Honda in the house.
0
SPEAKER_02
Good to see you, sir.
0
SPEAKER_00
Thank you, Luis.
0
SPEAKER_00
I'm so happy to be invited to this show and in a real situation.
0
SPEAKER_00
Yes, in person, in life.
0
SPEAKER_01
Yes, not Zoom.
0
SPEAKER_02
I know.
0
SPEAKER_02
We did our first interview on Zoom.
0
SPEAKER_02
 And our community loved it and they wanted more.
0
SPEAKER_01
That's great.
0
SPEAKER_02
I'm excited to have you back on.
0
SPEAKER_02
You have written a book.
0
SPEAKER_02
You've written many books, over 8 million copies of your books sold around the world.
0
SPEAKER_02
It's incredible.
0
SPEAKER_02
Your book that I love is called Happy Money, the Japanese art of making peace with your money.
0
SPEAKER_02
Yes.
0
SPEAKER_02
This is going to be a book that everyone's going to want to read.
0
SPEAKER_02
But to dive into it first, I feel like
0
SPEAKER_02
 A lot of people are afraid of money.
0
SPEAKER_02
A majority of people have fears, anxiety, stress, worry.
0
SPEAKER_02
Their relationships struggle because of money and intimate relationships.
0
SPEAKER_02
And you teach people about how to have peace with money.
0
SPEAKER_02
 knowing that money comes and goes, it flows, and to be okay with that process of life.
0
SPEAKER_02
And one of the things I want to start with is, do you have an affirmation that you can give people or that we could work on together to support people whenever they feel stress around money, that they can say this affirmation that will give them more peace?
0
SPEAKER_02
Do you have anything?
0
SPEAKER_00
Yeah, something like money is love, money is my friend,
0
SPEAKER_00
 money can help me achieve my dreams.
0
SPEAKER_00
So whatever positive affirmations you can come up with, I think anything is good.
0
SPEAKER_00
But I think money is my best friend is a good affirmation.
0
SPEAKER_00
When you worry about money, I would say money is love.
0
SPEAKER_00
 So when you think, in my head, money is love, instead of money is a scary person, I think you feel a lot less stress.
0
SPEAKER_02
But how does someone, if they've lived in stress around money for their whole life, their entire life they've been afraid, how can they start to use that affirmation and how long will it take for them to start to believe it, to feel it?
0
SPEAKER_00
 So I think you have to think back, look back on your relationship with money since you're five or six.
0
SPEAKER_00
We wake up to the reality of the world when we're around five, six, seven.
0
SPEAKER_00
I used to be a volunteer at my daughter's kindergarten.
0
SPEAKER_00
And I asked one of the boys at the kindergarten, what are you gonna get for Christmas?
0
SPEAKER_00
And he said, no, Santa Claus is not coming.
0
SPEAKER_00
 And I thought, oh, why?
0
SPEAKER_00
Why is that?
0
SPEAKER_00
And he said, because my parents are poor.
0
SPEAKER_00
Interesting.
0
SPEAKER_00
Oh, really?
0
SPEAKER_00
Who told you that?
0
SPEAKER_00
And he said, my mom.
0
SPEAKER_00
Wow.
0
SPEAKER_00
So we are waking up to the reality when we are small.
0
SPEAKER_00
And then since then, we've had so many negative messages around money.
0
SPEAKER_00
So I have a fun collection of saying, when I visited Europe a few weeks ago,
0
SPEAKER_00
 There's all the things that we were told since we were five or six.
0
SPEAKER_00
Money, they don't grow on trees in America, right?
0
SPEAKER_00
If you don't have money, you don't have a head.
0
SPEAKER_00
You know, that's a scary thing.
0
SPEAKER_00
So all those phrases keep telling us.
0
SPEAKER_00
 that money is not a happy thing.
0
SPEAKER_00
But when you start thinking, you must have some fond memories, too, around money.
0
SPEAKER_00
You know, a certain gift that you're so happy to receive and the scholarship or the happy money that you get from your grandparents or your parents or friends.
0
SPEAKER_00
You know, they buy you for Christmas gift or birthday present.
0
SPEAKER_00
There is so much happy money in your life, but you forget because we are so overwhelmed by the stress around money.
0
SPEAKER_02
 Yeah, maybe there was a trip you went on with a friend or family, you went on an adventure, and that money provided that memory, that experience for you.
0
SPEAKER_00
Right, it was worth the money, right?
0
SPEAKER_00
There's a happy saying.
0
SPEAKER_00
So there are many positive sayings around money as well.
0
SPEAKER_00
And you grew up in Japan, is that right?
0
SPEAKER_02
And so in Japan, are people just as anxious and stressed about money as they are in America, or is there a different belief around it?
0
SPEAKER_00
Yes, we have a different kind of stress.
0
SPEAKER_00
 You know, because it's so interesting.
0
SPEAKER_00
In North America, when, say, your college buddies, right?
0
SPEAKER_00
After 20 years of graduation, you bump into one another.
0
SPEAKER_00
And you don't ask each other, how much do you make a year?
0
SPEAKER_00
 In the U.S., no.
0
SPEAKER_00
No, right?
0
SPEAKER_00
And in Japan, we casually talk about it.
0
SPEAKER_00
You talk about how much you make?
0
SPEAKER_00
Yes.
0
SPEAKER_00
But in North America, I think you're going to lose a friend if you bring that question.
0
SPEAKER_02
Why do you in Japan, do people in the culture talk about money and how much someone makes more frequently?
0
SPEAKER_00
 Because I think how much you make is not as tied up with how much your worth is.
0
SPEAKER_00
But in North America, it seems, culturally, it's nothing wrong, but how much you have or how much you make equals
0
SPEAKER_00
 how much you're worth.
0
SPEAKER_00
So it's more taboo here.
0
SPEAKER_00
But what's interesting is like, when you grab your Japanese friend and then ask him how many times you have sex, he's gonna freak out.
0
SPEAKER_02
But in America, people might talk about it more.
0
SPEAKER_00
Right, they will probably enjoy talking about it, right?
0
SPEAKER_00
So I think there's a different kind of taboos, which I really enjoy so much.
0
SPEAKER_02
That's interesting.
0
SPEAKER_02
 Now, with the culture of people just talking about it more openly with their friends or family, what does that do for the culture then around money?
0
SPEAKER_02
Does it make it less scary?
0
SPEAKER_02
Does it make it more effortless for people to work?
0
SPEAKER_02
What is that like?
0
SPEAKER_00
And in China, too, you know, people casually ask you how much you make or how much money you have or how much... Strangers, too, or just friends?
0
SPEAKER_00
Yeah, and also friends.
0
SPEAKER_00
And also, like, how much is the rent or how much does this condo cost?
0
SPEAKER_00
 You know, like, what's the weather today?
0
SPEAKER_00
You know, the Siri would answer you, right?
0
SPEAKER_00
So it's as easy as that.
0
SPEAKER_00
So in a culture like that, people are more open.
0
SPEAKER_00
 and they can confront themselves about what's working, what's not.
0
SPEAKER_00
But in North America, everything around money is such a taboo that it seems, because I've been listening to many couples in America, it seems like it's almost like a taboo for a couple to talk about money.
0
SPEAKER_00
It is.
0
SPEAKER_00
 something really comes up and it's like an eruption of volcano.
0
SPEAKER_00
But you should talk about it long before the eruption.
0
SPEAKER_02
So do people in relationships or married people in Japan, do they talk about money pretty frequently?
0
SPEAKER_02
Do they talk about it before they get married?
0
SPEAKER_02
Is there stress around money in the couples?
0
SPEAKER_00
Of course, definitely.
0
SPEAKER_00
That's why my books are so popular in Japan.
0
SPEAKER_00
 So it's the same, but it's a kind of different stress.
0
SPEAKER_00
And in Japan, of course, you fight over money.
0
SPEAKER_00
But surprisingly, women are more in control of money.
0
SPEAKER_00
 Yes, I mean probably like for from American culture guys control it but actually all my friends, you know guy friends, you know, they are Controlled by their white housewives.
0
SPEAKER_00
They control the money right and they they're given a certain like allowance money the men Yes, are there other men making the money and then giving it to the right and saying okay.
0
SPEAKER_00
Tell me what to do Yeah, so one time I talked with a housewife in Japan and and she said
0
SPEAKER_00
 You know, I'm afraid of money.
0
SPEAKER_00
And I'm so worthless because I'm not making money.
0
SPEAKER_00
And I asked him, but who is financing the whole thing?
0
SPEAKER_00
And it's my husband.
0
SPEAKER_00
So you are, you know, man, you are the business owner.
0
SPEAKER_00
He is a worker.
0
SPEAKER_00
So you get the fruit.
0
SPEAKER_00
The woman's the business owner.
0
SPEAKER_02
Right.
0
SPEAKER_02
The man is the worker, as we say.
0
SPEAKER_02
Right.
0
SPEAKER_02
Interesting.
0
SPEAKER_00
 Yeah.
0
SPEAKER_00
And then she said, yes, I never know that.
0
SPEAKER_00
You know, I've never known.
0
SPEAKER_00
So now I'm going to make him work harder.
0
SPEAKER_00
Make more money for me.
0
SPEAKER_00
Yeah.
0
SPEAKER_00
So it's a different kind of stress, but it's so hard for us to really confront financial issues because we have so many emotions around money.
0
SPEAKER_00
It's universal.
0
SPEAKER_02
 I love your point where you said in North America, in America, most people tie their self-worth with their net worth, right?
0
SPEAKER_02
Their bank account, how much is in there, how much they have with how valuable they are as a human being, right?
0
SPEAKER_02
The quality of their character and how they add value in the world.
0
SPEAKER_02
But in Japan, I'm hearing you say it's less that way.
0
SPEAKER_02
It's more people don't tie how much money they have with how good of a person they are.
0
SPEAKER_00
 Yes, and also like how many friends you have.
0
SPEAKER_00
Not on the Facebook, I mean real friends.
0
SPEAKER_00
And also like school teachers are so well respected, for example.
0
SPEAKER_00
You know, they're not making so much money, but occupations like that are highly respected.
0
SPEAKER_00
Really?
0
SPEAKER_00
But here in America, it seems like there is not much respect for school teachers, which I feel so sorry about.
0
SPEAKER_00
So if you make money, you're golden in America.
0
SPEAKER_00
 But there must be some kind of criteria, like how much you contribute into the community or how much satisfaction you get out of work.
0
SPEAKER_00
But just numbers, they don't really translate into happiness.
0
SPEAKER_02
Well, I think you see that in America where there might be a lot of people who have a lot of financial success.
0
SPEAKER_02
They have a lot of money, but their relationships are broken.
0
SPEAKER_02
Their marriages fall apart.
0
SPEAKER_02
 They don't feel good about themselves.
0
SPEAKER_02
They don't have fulfillment, right?
0
SPEAKER_02
Because it's been focused just on money and not on service.
0
SPEAKER_02
How can I add value as well?
0
SPEAKER_02
So I think it's important to be aware that a rich life is not just about how much money you make.
0
SPEAKER_02
It's about how good you feel about yourself in your life, right?
0
SPEAKER_00
Exactly, exactly.
0
SPEAKER_02
I'm curious, what do you think are
0
SPEAKER_02
 some of the beliefs that hold people back from keeping them to create the wealth that they want to have, from making more money.
0
SPEAKER_02
What are some of those beliefs that says, I'm not able to do this because why?
0
SPEAKER_00
Because we feel so unworthy for the abundance.
0
SPEAKER_00
So it doesn't really matter how much money you make or how much money you have.
0
SPEAKER_00
 After paying all the bills, you don't have much money left.
0
SPEAKER_00
Taxes, bills, everything.
0
SPEAKER_00
Right.
0
SPEAKER_00
If you make $30,000 or $100,000 or $1 million, because the cost is going higher.
0
SPEAKER_00
Your lifestyle.
0
SPEAKER_00
Right.
0
SPEAKER_00
 And you used to have one car, second-hand car.
0
SPEAKER_00
Now you need Tesla, you know, and you need second home and third home.
0
SPEAKER_00
So you really have to see how to satisfy with yourself with less.
0
SPEAKER_00
And at the same time, you can have more.
0
SPEAKER_00
So you can have more than necessary.
0
SPEAKER_00
 But the food prices are going up, and the gas prices are going up.
0
SPEAKER_00
So we're almost like drowning in the sea of bills.
0
SPEAKER_00
And then they're just going up, and then we are drowning in that.
0
SPEAKER_00
So instead of feeling that we're overwhelmed by the bills,
0
SPEAKER_00
 you can be creative and come up with the ideas that you can contribute to the world.
0
SPEAKER_00
So by doing more contribution, you get more money.
0
SPEAKER_00
So if you are more creative about serving the world, serving other people with your gifts, with who you are, you can create the flow of happy money.
0
SPEAKER_00
And as a result, you can receive more money.
0
SPEAKER_00
And if you can control this greed in you,
0
SPEAKER_00
 that I need to have more.
0
SPEAKER_00
It's almost like you're brainwashed by marketing techniques.
0
SPEAKER_00
And even though you're wealthy, you keep complaining about how much you don't have.
0
SPEAKER_00
Once I had an interview with a private jet owner.
0
SPEAKER_00
 And I thought, you are such a big success.
0
SPEAKER_00
And he said, no, no, no, I'm just a small thing.
0
SPEAKER_00
Because when I pull over to this special terminal.
0
SPEAKER_00
There's a bigger jet.
0
SPEAKER_00
There's a lot bigger jets.
0
SPEAKER_00
And mine is so small.
0
SPEAKER_00
It seats only six people.
0
SPEAKER_00
So I feel so small when I pull over with my Mercedes.
0
SPEAKER_00
Because they're just Rolls Royce and all the big cars.
0
SPEAKER_00
And then I feel so small.
0
SPEAKER_00
 So you have to ask yourself, when is enough?
0
SPEAKER_00
How much is enough?
0
SPEAKER_00
That's when my Zen teaching comes in.
0
SPEAKER_00
You have to know who you are, and you have to know the right money container size.
0
SPEAKER_00
I think we're born with a certain money container size.
0
SPEAKER_02
Really?
0
SPEAKER_02
What does that mean?
0
SPEAKER_00
And say, some people are not equipped with so much money, and you don't need so much money.
0
SPEAKER_00
 So you can be satisfied with less.
0
SPEAKER_00
Let's say if you are a school teacher, you don't need to have three Mercedes-Benz.
0
SPEAKER_00
And you don't need to live in a big mansion.
0
SPEAKER_00
So if you feel like, oh, I don't need to make that much money.
0
SPEAKER_00
I know how to satisfy myself.
0
SPEAKER_00
 And you can do that.
0
SPEAKER_00
I live a rich, fulfilled life with what I make.
0
SPEAKER_00
Yes.
0
SPEAKER_00
So instead of just pursuing wealth, you can find invisible assets, which I also teach about.
0
SPEAKER_00
I haven't really taught in English yet.
0
SPEAKER_00
But there are visible assets and invisible assets.
0
SPEAKER_00
And in fact, invisible assets are super more important than visible assets.
0
SPEAKER_02
What are some examples of invisible assets?
0
SPEAKER_00
Like friendship, trust.
0
SPEAKER_00
 happiness, love, generosity, kindness.
0
SPEAKER_00
All the great things in life are invisible, but yet people can feel it.
0
SPEAKER_00
 You know, if you bump into somebody and if he or she is so kind, you feel it.
0
SPEAKER_00
So unfortunately, generosity and kindness are not regarded as a great thing.
0
SPEAKER_00
But I mean, in North America, I've seen news that people just, you know, do something right.
0
SPEAKER_00
And then they turn their wallets to the owner.
0
SPEAKER_00
And, you know, they're happy stories.
0
SPEAKER_00
So people still respect honesty.
0
SPEAKER_00
 is another one.
0
SPEAKER_00
So there are so many great assets that we have, but when we look at our lives, we evaluate to zero.
0
SPEAKER_00
So even though you have not much in your bank account, if you have so many friends, and if you have so many people that care about you,
0
SPEAKER_00
 You're in heaven.
0
SPEAKER_00
Yes, but you look at your bank account and then if it's a small number you get depressed So you have to look at invisible assets and you should be happy and focus on the invisible assets as well.
0
SPEAKER_00
Yeah
0
SPEAKER_00
 Yes, because I'm sort of joking.
0
SPEAKER_00
Even though you don't have any money, if you have more than 50 friends who let you stay for one week.
0
SPEAKER_00
You're rich.
0
SPEAKER_00
Yeah, and you can spend the whole year by visiting your friend.
0
SPEAKER_00
And after one year, you can go back to your friend number one and say, it's been a year.
0
SPEAKER_00
How are you?
0
SPEAKER_00
I have a great friend.
0
SPEAKER_02
His name is Jesse Itzler.
0
SPEAKER_02
And for, I think, at least one year, maybe two years,
0
SPEAKER_02
 when he was in his early 20s, he stayed on like 10 different friends' couches.
0
SPEAKER_02
He didn't have enough money to pay for rent, but he had friends that he stayed with that all of them are still his friends today.
0
SPEAKER_02
He's in his 50s.
0
SPEAKER_02
30 years later, and he's an extremely successful business entrepreneur now, but he had a free place when he had no money because of his generosity, his kindness,
0
SPEAKER_02
 Honesty his lovability all those things which are invisible assets, right?
0
SPEAKER_02
It's turned into financial assets.
0
SPEAKER_00
Yes.
0
SPEAKER_00
Yes and talking about Invisible assets and generosity.
0
SPEAKER_00
I so want to appreciate my appreciation to American people 30 years ago 30 some years ago I was 19 and I made up my mind to explore and
0
SPEAKER_00
 this kindness factor in North America.
0
SPEAKER_00
And I came here without much money, and I tried to have a one-year experiment.
0
SPEAKER_00
Really?
0
SPEAKER_00
Depending on generosity of American people.
0
SPEAKER_00
When you were 19?
0
SPEAKER_00
Yes.
0
SPEAKER_00
And I bump into, let's say, an old man in the park, and then I ask him, is there any restaurant that I can eat for the very, very, you know, no money.
0
SPEAKER_00
 And he said, OK, I'll take you there.
0
SPEAKER_00
And they paid for my dinner.
0
SPEAKER_00
And if you don't have any place, why don't you stay with me?
0
SPEAKER_00
So for a whole year in 1987, I depended on the American people's generosity.
0
SPEAKER_00
And after one year, I had the same amount of bank account.
0
SPEAKER_00
 money and then I could go back.
0
SPEAKER_00
Wow.
0
SPEAKER_00
And I've been writing, you know, my experiences of that and it's a national best as well.
0
SPEAKER_00
So America is so generous and I think people may not feel it because you're living here.
0
SPEAKER_00
So I really believe in American people's generosity and openness.
0
SPEAKER_00
Some people just let me stay as long as they, as long as I wanted.
0
SPEAKER_01
Wow.
0
SPEAKER_00
 Yeah, so I still feel like I owe America a lot.
0
SPEAKER_00
That's beautiful.
0
SPEAKER_00
How many people helped you in that year?
0
SPEAKER_02
I think probably at least 16 or 20 people.
0
SPEAKER_02
That either paid for something or let you stay at their place or helped you in some way?
0
SPEAKER_00
 Yeah, so whenever I bump into an American young people, like, OK, I'll buy you lunch and dinner in Thailand, bumping into American tourists, you know, like backpackers.
0
SPEAKER_00
And OK, I'm going to pay your lunch.
0
SPEAKER_00
Because somebody else, an American, just they pay mine.
0
SPEAKER_00
That's beautiful.
0
SPEAKER_00
So I try to pick up a tab for Americans, especially.
0
SPEAKER_02
 That's interesting because when I was in my early 20s, struggling financially, I was reaching out on LinkedIn to business leaders, mentors that I thought could help me.
0
SPEAKER_02
And a lot of them took the time to take me out to lunch and they would pay for me because I couldn't afford.
0
SPEAKER_02
And that was happened for about a year and a half where I didn't have the money to pay for my own stuff.
0
SPEAKER_02
And I really, I remember saying like, feeling really bad that I couldn't pay for myself.
0
SPEAKER_02
 Saying to myself like if I make money one day I want to make sure I pay as many meals as I can with friends and things like that So I always try to pay it's so hard for me to let someone pay for me now At a restaurant because I'm like, I just want to keep paying it forward.
0
SPEAKER_02
No, that's beautiful but you never know the impact you can have on someone and
0
SPEAKER_02
 with a gift, with a financial gift.
0
SPEAKER_02
So I want to ask you about the money container size, which I think is interesting.
0
SPEAKER_02
Do you feel like we're all born with a certain size of a container for how much money we should be able to bring in?
0
SPEAKER_02
Or does the container expand and grow based on our environments, on who we grow up with, our wisdom?
0
SPEAKER_02
Can you talk about that?
0
SPEAKER_00
Of course.
0
SPEAKER_00
 Like some scholars who are not interested in money at all, they focus on their research and what they can do academically.
0
SPEAKER_00
So their money container is small.
0
SPEAKER_00
 But they're okay.
0
SPEAKER_00
I call them money indifferent type, by the way.
0
SPEAKER_00
Money different?
0
SPEAKER_00
Money indifferent type.
0
SPEAKER_02
Money indifferent.
0
SPEAKER_00
They don't care about money.
0
SPEAKER_00
Yes.
0
SPEAKER_02
Just enough to provide for their food and their housing.
0
SPEAKER_00
Yes, so some government workers, like politicians or nurses, I see them among those occupations who are giver, who are just service people, right?
0
SPEAKER_00
And like some military people who are really into service.
0
SPEAKER_00
And then they don't really care how much they have, as long as they can make a living.
0
SPEAKER_02
 Did you know there are currently over 2.4 million podcasts in the world, including the one you're listening to right now.
0
SPEAKER_02
And it takes a team of people to help bring these podcasts together.
0
SPEAKER_02
And I'm lucky to have an incredible team.
0
SPEAKER_02
I could not do it without them.
0
SPEAKER_02
Needless to say, hiring the right people for these roles is important.
0
SPEAKER_02
And whether you're hiring for a podcast or for your growing business, there's only one place that makes it easy and that's ZipRecruiter.
0
SPEAKER_02
And right now you can try it for free at ZipRecruiter.com slash greatness.
0
SPEAKER_02
 ZipRecruiter uses powerful technology to find and match the right candidates up with your job.
0
SPEAKER_02
Additionally, ZipRecruiter has a complete suite of tools that make it easy to filter, review, and rate your candidates.
0
SPEAKER_02
Four out of five employers who post on ZipRecruiter, they get a quality candidate within the first day.
0
SPEAKER_02
 So if you're a fan of this podcast, and you want to try zip recruiter for free today, you need to remember our special URL zip recruiter.com slash greatness.
0
SPEAKER_02
Once again, that's zip recruiter.com slash g r e a t n e s s zip recruiter the smartest way to hire
0
SPEAKER_00
 So those people are born with small ones.
0
SPEAKER_00
And of course, by learning about business and investment, you can make your money container bigger.
0
SPEAKER_00
But there is a little bit of difference here when you want to grow your money container.
0
SPEAKER_00
Because in North America and Europe, I often get asked by interviewers, Ken, how can I make my container bigger?
0
SPEAKER_00
But in Japan, in the East, I get different kind of question about money container.
0
SPEAKER_00
 The question would be, Kim, how can I be satisfied with what I have instead of just trying to make it bigger?
0
SPEAKER_00
But I don't know how to do that.
0
SPEAKER_00
So can you teach me how to satisfy myself with where I am?
0
SPEAKER_00
So it's a different approach.
0
SPEAKER_00
So you need to have both.
0
SPEAKER_02
So how can people in America, North America, and around the world be satisfied and grateful for where they are and still strive for more?
0
SPEAKER_00
 So it's more about find 100% fulfillment with where you are.
0
SPEAKER_00
And then if it's your path, it's gonna grow.
0
SPEAKER_00
If it's not your path, you don't have to make it grow.
0
SPEAKER_00
 But there's almost like a religion here in North America.
0
SPEAKER_00
Bigger is better, the more is better.
0
SPEAKER_00
Super size, yeah, everything.
0
SPEAKER_00
Right.
0
SPEAKER_00
But think, just wait a second and just think about it.
0
SPEAKER_00
Do you want a super big house if you're only two of you?
0
SPEAKER_00
If you have like seven kids, you need a big house.
0
SPEAKER_00
But if it's only two of you, maybe it's time to downsize.
0
SPEAKER_00
And because, so that way your lifestyle will be more humble.
0
SPEAKER_00
 So you really have to know when to grow and also when to end your life.
0
SPEAKER_00
So you have to start facing, say, you're in your 50s or 60s.
0
SPEAKER_00
You have 10 years to prepare according, approaching to your death.
0
SPEAKER_00
But a lot of people in their 60s and 70s, they want to act forever they're 21.
0
SPEAKER_00
But you're going to die.
0
SPEAKER_00
 So you have to prepare for the end of your life to do that.
0
SPEAKER_00
You really have to say, because your life goes up and down, right?
0
SPEAKER_00
You cannot keep climbing up the mountains.
0
SPEAKER_00
So at some point, you have to start descending.
0
SPEAKER_00
So in financial terms, you have to start spending.
0
SPEAKER_00
 what you have accumulated.
0
SPEAKER_00
Don't just keep it in the bank.
0
SPEAKER_00
Yeah, so one of the books in North America I love is Die With Zero.
0
SPEAKER_00
The concept is can you die with zero at the end of your life, which is very hard.
0
SPEAKER_00
A friend of mine,
0
SPEAKER_00
 whose mother died with only $7 in her bank account.
0
SPEAKER_00
Really?
0
SPEAKER_00
I think it's a master of money, because she calculated how much it's going to cost for her funeral.
0
SPEAKER_00
Wow.
0
SPEAKER_00
So she just withdrew all the money, and she gave all the money to her grandkids, which is like a few hundred dollars.
0
SPEAKER_00
No, she's not a wealthy person.
0
SPEAKER_00
And she died with only $7.
0
SPEAKER_00
So it's almost like she landed so beautifully.
0
SPEAKER_02
Wow.
0
SPEAKER_02
That's beautiful.
0
SPEAKER_02
 Why do you think people are so greedy to want to make more money?
0
SPEAKER_02
And they have this greed inside of them to have, to accumulate, to attract more.
0
SPEAKER_02
Why do you think that is?
0
SPEAKER_02
And what's the difference between wanting to make more money for a good reason and wanting to make more money because of greed?
0
SPEAKER_00
Right.
0
SPEAKER_00
Luis, you keep asking me so many great questions.
0
SPEAKER_00
I'm so enjoying the interviews.
0
SPEAKER_00
Thank you.
0
SPEAKER_00
I just wanted to appreciate.
0
SPEAKER_00
Thank you.
0
SPEAKER_00
So there are many ways to react to a financial situation.
0
SPEAKER_00
 I have taught about money EQ.
0
SPEAKER_00
I realized this when I was at the conference table to file inheritance taxes for wealthy men.
0
SPEAKER_00
 And here there are three people, they're kids, right?
0
SPEAKER_00
A wife and three kids.
0
SPEAKER_00
And they're born and brought up in the same household, but the eldest son looks like a Wall Street type, nice wear suit and short haircut.
0
SPEAKER_00
And the second daughter looks very humble.
0
SPEAKER_00
And the third one looks like hippie.
0
SPEAKER_00
And then I realized that to financial situation, if you're worried,
0
SPEAKER_00
 you might end up becoming a money maker.
0
SPEAKER_00
If you're worried.
0
SPEAKER_00
If the responsibility is on you.
0
SPEAKER_00
By making more money, you try to fix the worry.
0
SPEAKER_00
And if you worry, you may want to become a spender because you feel powerful when you spend the money.
0
SPEAKER_00
 So if you worry, you want to be a saver.
0
SPEAKER_00
By saving, you can feel the security.
0
SPEAKER_00
And so there will be a warrior.
0
SPEAKER_00
You do nothing, but you keep worrying.
0
SPEAKER_00
So two financial situations, there can be many different ways, and different personalities are born.
0
SPEAKER_00
So I'm fascinated with this subject because you never knew that you were a spender.
0
SPEAKER_00
 your moneymaker, and your question comes toward moneymaker type.
0
SPEAKER_00
Yes.
0
SPEAKER_00
And a happy moneymaker type knows that they can contribute more, so they're in the flow of happy money.
0
SPEAKER_00
 And money greed, money maker type, they end up losing a lot of money.
0
SPEAKER_00
They do.
0
SPEAKER_00
Yeah, because they try to increase and multiply their money, which means they take more risks.
0
SPEAKER_00
So they are likely to get into scams.
0
SPEAKER_00
And I've seen so many clients- Quick money, quick money.
0
SPEAKER_00
Yes, get scammed by people who try to get the money.
0
SPEAKER_00
Yes.
0
SPEAKER_02
 So, that's life.
0
SPEAKER_02
Sure, yeah.
0
SPEAKER_02
What do you think is the, you know, there's so much happening with the, in talks, specifically in America, with interest rates going up in America, inflation going up to over eight and a half percent recently, I think, you know, the housing market, and just the uncertainty of the economic situation in America.
0
SPEAKER_02
 What do you think people should be investing in?
0
SPEAKER_02
What types of assets for the next few years with all the uncertainty?
0
SPEAKER_02
What would be a great investment that's not a try to get rich quick investment, but something that would deliver good returns hopefully over time?
3
SPEAKER_01
 truly who you are on your own style, I think that's greatness.
3
SPEAKER_01
Ken, thank you so much.
3
SPEAKER_01
I appreciate you.
3
SPEAKER_01
Thank you so much.
3
SPEAKER_00
Thank you so much for listening.
3
SPEAKER_00
I hope you enjoyed today's episode and it inspired you on your journey towards greatness.
3
SPEAKER_00
Make sure to check out the show notes in the description for a full rundown of today's show with all the important links.
3
SPEAKER_00
And also make sure to share this with a friend and subscribe over on Apple Podcasts as well.
3
SPEAKER_00
 I really love hearing feedback from you guys, so share a review over on Apple and let me know what part of this episode resonated with you the most.
3
SPEAKER_00
And if no one's told you lately, I want to remind you that you are loved, you are worthy, and you matter.
3
SPEAKER_00
And now it's time to go out there and do something great.