The Zen Millionaire’s Secret to Creating Abundance | Ken Honda on Impact Theory

Last updated: Jun 1, 2023

The video is about Ken Honda, a best-selling author and international phenomenon, discussing his approach to money and wealth, which is based on the tenets of Zen and focusing on giving and appreciation rather than solely on accumulating wealth.

The video features an interview with Ken Honda, a best-selling author and international phenomenon who has written more than 50 books on personal finance and sold more than 7 million copies worldwide. He discusses his approach to money management, which is based on the Zen philosophy of finding satisfaction in what you have rather than constantly striving for more. He emphasizes the importance of focusing on giving to others and finding happiness in the present moment, rather than obsessing over money and material possessions. He also discusses the role of gratitude and appreciation in creating abundance in one's life.

  • Wealth is an attitude of being happy and content with what you have.
  • Ken Honda is a best-selling author and international phenomenon.
  • Money should not be the focus of life.
  • Ken Honda's mentor, Wahed Takeda, taught him about money from a Zen approach.
  • Wealth is an emotion, not just about how much money you have.
  • Money is powerful and gives you the ability to create what you want.
  • People need to change their relationship with money to overcome fear and anxiety.
  • People need to start watching their language around money.
  • People need to show respect for money.

The Zen Millionaire’s Secret to Creating Abundance | Ken Honda on Impact Theory - YouTube

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Attitude towards Wealth

  • Wealth is an attitude of being happy and content with what you have.
  • Struggling every day and not finding happiness means you are not wealthy.
  • Money in the bank account does not make you wealthy.
  • Attitude towards money and the relationship you have with money gives you happiness or miserable life.
  • Relationship with money should be focused on giving and appreciation rather than solely on accumulating wealth.
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Ken Honda's Background

  • Ken Honda is a best-selling author and international phenomenon.
  • He has written more than 50 books on personal finance and sold more than 7 million copies worldwide.
  • He was trained by the Warren Buffet of Japan.
  • He was the first person from Japan to be inducted into the Transformational Leadership Council.
  • He retired at just 29 and now spends his time writing, speaking, and publishing on what he's learned about money and human nature.
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Zen Approach to Money

  • Money should not be the focus of life.
  • Western people tend to think that they need more money to be happy, but instead, the approach is how can you find satisfaction in what you have.
  • Attitude towards money and the relationship you have with money gives you happiness or miserable life.
  • Relationship with money should be focused on giving and appreciation rather than solely on accumulating wealth.
  • Life is in the middle of giving and receiving, so unless we give well, we cannot receive well.
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The Zen Millionaire’s Secret to Creating Abundance | Ken Honda on Impact Theory - YouTube

Tenets of Zen

  • Ken Honda's mentor, Wahed Takeda, taught him about money from a Zen approach.
  • One of the things that Ken found super confusing was the notion of a Zen cohen.
  • Once you understand the absurdity of the question, then you're a step closer to enlightenment.
  • When Wahed Takeda said forget about money, he meant to focus on giving and service to the world.
  • Life is in the cycle of appreciation or resentment, and unless we appreciate our life, we cannot receive well.
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Defining Wealth

  • Wealth is an emotion, not just about how much money you have.
  • Interviewed many millionaires and billionaires, some are unhappy and upset.
  • Wealth is an attitude, feeling content with what you have.
  • Struggling with life doesn't mean you're not wealthy.
  • Wealth is not just about money, but it doesn't mean you don't need money.
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The Power of Money

  • Money is powerful and gives you the ability to create what you want.
  • Money is energy and has real utility.
  • Money can reorient your mindset and change your behaviors.
  • Money trauma or wounds from childhood can make people scared of money.
  • Money can buy freedom and happiness, but it can also abuse us.
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Mistakes People Make

  • People are scared of money due to money trauma or wounds from childhood.
  • Money has been denied or used to correct behavior, leading to fear and anxiety.
  • People want money but are scared to get too close to it.
  • Money is a mystery to many people.
  • People need to change their relationship with money to overcome fear and anxiety.
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Universal Principles for Wealth

  • Focus on giving and appreciation, not just accumulating wealth.
  • Philanthropy and happiness are important aspects of wealth.
  • Money is not the only measure of wealth.
  • Wealth is an attitude and feeling content with what you have.
  • Money can buy freedom and happiness, but it can also abuse us.
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Language around Money

  • People need to start watching their language around money.
  • There are many negative words and phrases associated with money.
  • Using positive words around money is important.
  • People need to pay attention to how they relate to money.
  • Showing respect for money is crucial.
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Changing Mindset

  • People need to change their mindset around money.
  • Many people have a negative relationship with money.
  • The first step is to say "thank you" to money when it comes in.
  • People should also say "thank you" when they spend money.
  • Practicing gratitude for money can lead to a happier life.
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Money and Survival

  • Money and survival are tightly linked in people's minds.
  • People feel like they cannot survive without money.
  • Money is seen as a means of survival.
  • People's anxiety and fear around money can lead them to do things that are not true to themselves.
  • People need to pay close attention to their emotions around money.
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Showing Respect for Money

  • People need to show respect for money.
  • One way to show respect is to imagine money as a person and treat it accordingly.
  • Some Japanese people make a bed for their wallet to show respect.
  • People need to be respectful of money coming in and going out.
  • Showing respect for money can lead to a more peaceful relationship with it.
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Appreciation Melts Fear and Anxiety

  • Appreciating money coming and going out helps to melt fear and anxiety.
  • When you focus on appreciation, you cannot worry about money at the same time.
  • Changing your mindset to appreciation is a unique trick to stop worrying about money.
  • Appreciation is a powerful first step towards creating abundance.
  • Changing your mindset and behavior is necessary to achieve success.
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Changing Your Story About Money

  • Changing your story about money is necessary to achieve fulfillment.
  • Flipping your mindset to focus on value instead of money is important.
  • Chasing money does not lead to happiness.
  • Changing your behavior is necessary to achieve success.
  • No one can think their way to success.
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Acting with Money

  • Appreciating your boss and clients can lead to them appreciating you back.
  • Bringing something extra to clients can lead to more referrals.
  • Showing appreciation is a law that leads to receiving more.
  • It doesn't matter what your profession is, giving something extra can lead to more success.
  • Acting with appreciation is necessary to create abundance.
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Conclusion

  • Appreciation is a powerful tool to create abundance.
  • Changing your mindset and behavior is necessary to achieve success.
  • Acting with appreciation can lead to more success and abundance.
  • Appreciation is a law that leads to receiving more.
  • Creating abundance is possible by focusing on giving and appreciation instead of solely on accumulating wealth.
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Appreciation and Abundance

  • Appreciation is the key to abundance and happiness.
  • Appreciating money attracts more money and opportunities.
  • People want to do business with happier people.
  • Appreciating what you have is important.
  • Sharing your gifts with others translates into money.
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Finding Your Gifts

  • Most of us are not born with only one gift.
  • We are born with several mediocre gifts.
  • Gifts come naturally out of you, so you don't even notice them.
  • Some people find their gifts by coincidence.
  • Guiding people to find their gifts involves asking questions and surveying friends.
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Chaining Your Gifts Together

  • Chaining your gifts together involves finding the common thread between them.
  • For example, Ken Honda's gifts of speaking, teaching, and making jokes all involve communication.
  • Chaining your gifts together creates a unique value proposition.
  • It's important to find a way to monetize your gifts.
  • Monetizing your gifts involves finding a way to serve others.
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The Importance of Giving

  • Giving is the key to receiving.
  • When you give, you create a flow of abundance.
  • Money is energy, and giving money creates positive energy.
  • When you give, you feel good and attract more opportunities.
  • Giving is a practice that can be cultivated.
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