Vishen Lakhiani separates Money IQ (investing skills) from Money EQ (emotional relationship with money). High earners often collapse financially because they lack Money EQ, which is the real foundation for lasting wealth. Ken Honda teaches how to build it.
Chapters
There are two ways to think about money. One is probably the correct way. The other is the popular way. The popular way is what all our education systems focus on. In fact, most of the education we receive on money is focused on the popular way, which is often called Money IQ. It is probably 95% of all the education and all the books you've ever read on money. But that 5%, which is called money EQ, is what is really, truly the most important thing. Our newest masterclass in Mindvalley with Ken Honda is going to explain the difference. Ken Honda is one of the most incredible writers in Japan, famous for studying the minds of the super wealthy and writing over 50 books in Japan on personal growth. So, as you can see, so much of our education is on Money iq, but it's not what truly matters. And what I found out is that people want to learn about money iq, which is about financial intelligence. It's about investing, how to buy stocks and how to trade and all the other things. But what I found out is that Money EQ is more important than Money iq. Money EQ is emotional intelligence about money, how healthy you feel with money. A healthy relationship is that when you feel happy about money, your money EQ is high. When you constantly worry about money and you have fear on money, your money EQ is low. And the highest money IQ people with all the MBAs and all the doctoral degree, they are good at investing and they're super good with business. But these high money IQ people often lose everything because of low money eq. Even though you built a high tower with money iq, the foundation is shaky. It's gonna fall. So Money EQ is a foundation of life. For example, if you get a $500 raise, which is great, but can you keep the money? Probably you will celebrate your raise and spend it all. And then if you get a $2,000 raise, which is great, probably you're going to move to a better and bigger house, and then you're going to probably buy a bigger car and more expenses go up. So even though you get a raise, you make more money. Your expenses also are trying to match your income. So you have no money at the end of the month anyway. I have known many CEOs who are making a few hundred thousand dollars a year, but still they cannot keep any money left because their lifestyle consumes all that money. So unless you learn about Money EQ and have a solid foundation, you'll never be able to feel peace with money and you'll never be able to achieve true financial independence. If you find this idea interesting, what you want to do is develop your money eq. And when you develop your money eq, that's when you start to feel truly rich. And that is when the universe starts to shift to bring you the wealth and abundance that you desire. Check out our masterclass with Ken Honda from Japan to understand this distinction and to see how this new mental model can completely shift the way you approach wealth, abundance and money.
