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Speaker 1: Now here's a highlight from Coast to Coast am on

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Speaker 1: iHeartRadio and welcome back to Coast to Coast George Nori

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Speaker 1: with you. This is going to be a fascinating moment here.

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Speaker 1: Money and happiness expert Ken Honda is a best selling

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Speaker 1: self development author in Japan. He studied law at the

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Speaker 1: Waseda University in Tokyo and entered the Japanese workforce as

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Speaker 1: a business consultant and an investor. Ken's financial expertise comes

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Speaker 1: from owning and managing several businesses, including an accounting company

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Speaker 1: and management consulting firm, a venture capital corporation, as well

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Speaker 1: his writings kind of bridge the topics of finance and

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Speaker 1: self help, focusing on creating and generating personal wealth and

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Speaker 1: happiness through deeper self honesty. His book is called Happy Money,

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Speaker 1: The Japanese Art of Making Peace with your Money. Ken,

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Speaker 1: Welcome to the program. Hello George. I'm so excited to

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Speaker 1: be here. I don't know if it's good evening or

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Speaker 1: a good morning or wherever you are. I'm in Los Angeles.

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Speaker 1: Where it is? It is twelve eleven am in the morning,

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Speaker 1: Friday morning already, Yes, So I'm calling from your future

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Speaker 1: it's form now when we talk about the happiness in money.

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Speaker 1: First of all, tell me about happiness. Where you where

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Speaker 1: you are as a happiness expert, Well, how did you

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Speaker 1: get involved in that? So money and happiness are two

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Speaker 1: different subjects for most of the people, right But for me,

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Speaker 1: I was born into a unique family. My father's a

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Speaker 1: very successful accountant, and he taught me everything about money.

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Speaker 1: So I learned a lot about money when I was

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Speaker 1: five sixty seven. And at the same time, I learned

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Speaker 1: that there are two kinds of people, happy people and

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Speaker 1: unhappy people, and among wealthy people they're happy ones and

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Speaker 1: unhappy ones. And also about regular people, happy ones and

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Speaker 1: unhappy ones. And I wanted to know the secrets of

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Speaker 1: how you can be happy and abundant at the same time.

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Speaker 1: So I began my journey, and this quest has brought

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Speaker 1: me to a lot of interesting experiences around money and happiness.

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Speaker 1: I mean, I've seen a lot of people can with

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Speaker 1: money who are very unhappy. They're just not happy people.

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Speaker 1: They don't act well towards other people. Then I've seen

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Speaker 1: some people who don't have a lot of money at all,

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Speaker 1: and they're delightful people as well. Somewhere along the line,

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Speaker 1: there'd be nice to have a middle ground there. Huh.

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Speaker 1: I totally agree with you. And then I've interviewed so

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Speaker 1: many people later on help my career as a writer,

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Speaker 1: but I realized that happy people tend to have a

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Speaker 1: happy attitude toward life, and among those there are people

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Speaker 1: with happy attitude about money. And I was fascinated with

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Speaker 1: what they do with their money, and I did a

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Speaker 1: lot of interview and as a result, I came up

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Speaker 1: with this idea happy money, and we're going to get

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Speaker 1: into that. And it's you know, it's good to have

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Speaker 1: enough money where you're not stressed, you're paying your bills.

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Speaker 1: You know, you don't have to run out and buy

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Speaker 1: a Rolls Royce or anything like that. But you know,

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Speaker 1: it's nice to be comfortable. I think that would be

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Speaker 1: everybody's goal, wouldn't it. Yes. But the funny thing is,

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Speaker 1: you know, when you're making little money, survival is your

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Speaker 1: main issue. But as your income goes higher, all the

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Speaker 1: things you didn't buy are suddenly in your eyes eyesight,

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Speaker 1: and then you're starting to buy a bigger car, more

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Speaker 1: expensive house, and more expensive clothes, and you tend to

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Speaker 1: eat out at a nice restaurant so even if you

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Speaker 1: make twice as much, you have a hard time making

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Speaker 1: both ends meet. So you really have to face your

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Speaker 1: attitude toward money. Otherwise, this world, especially in the modern world,

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Speaker 1: there's so many ways to trick you into spending more money.

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Speaker 1: And what do you mean, ken about unhappy money? What

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Speaker 1: is that? So unhappy money is I'm sure everybody has

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Speaker 1: experienced in their life, but that makes you feel so

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Speaker 1: frustrated when you receive it, like oh, you know, I

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Speaker 1: should I should deserve more. And also when you spend it,

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Speaker 1: it gives you bad feeling, resentment, and anger. Unhappy in short,

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Speaker 1: makes you very unhappy. It's not how much you have

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Speaker 1: or how much you make. It just brings you a misery.

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Speaker 1: And you know, for me personally, let me tell you

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Speaker 1: my definition of happy money for me, and that is

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Speaker 1: being able to use it to help other people. And

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Speaker 1: to me, that makes me happy if I can help

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Speaker 1: my kids or a friend or somebody who needs it.

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Speaker 1: To me, it's worth it to do that. That's so

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Speaker 1: beautiful to hear. Everyone has experienced happy money in our

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Speaker 1: life and like parents, give us some money even stranger.

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Speaker 1: One time I lost everything in New York when I

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Speaker 1: was nineteen and a stranger gave me two dollars so

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Speaker 1: I can get on the subway. Oh no, it brought

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Speaker 1: me to tears because I was in such a desperate mode. So,

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Speaker 1: you know, the people who just so generous and give

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Speaker 1: money to a stranger, that's happy money. Do you have

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Speaker 1: a lot of homeless people in Japan who and they

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Speaker 1: just hang out at corners and places like that. We

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Speaker 1: don't have that many because our social security system is

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Speaker 1: a little bit different. Yeah, we have a lot here

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Speaker 1: in the United States. It's way too much, and it's

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Speaker 1: it's heartbreaking, and I find myself, you know, when I

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Speaker 1: pull up at a stoplight in my car, it's almost

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Speaker 1: impossible for me not to help some them out. They're

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Speaker 1: they're they're at the corner, and you know, whether they're

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Speaker 1: doing it as a scam or they really need it,

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Speaker 1: I don't care. But to me, it just makes me

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Speaker 1: feel better that I've helped them out. A couple weeks ago,

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Speaker 1: there was a couple mother, father, and their child outside

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Speaker 1: the post office and they were holding up a sign,

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Speaker 1: you know, help us please, and I did, And it's

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Speaker 1: just I don't know, it just makes you feel better,

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Speaker 1: It really does. Wow. Wow, you're so generous. I wish

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Speaker 1: all the people who are like you, and I think

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Speaker 1: we need more people like you who just know how

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Speaker 1: to spend and also create a flow of happy money.

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Speaker 1: My producer, my producer Ken, whom you just talk to. Tom.

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Speaker 1: He will every once in a while be in a

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Speaker 1: grocery store and then he will selectively pick someone who

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Speaker 1: he thinks might need the money, and he will go

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Speaker 1: up to the cashier and while they're in line and say,

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Speaker 1: when this person gets to the line, tell them it's

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Speaker 1: all paid for. And he'll do that. He'll he'll he'll

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Speaker 1: buy a basket of groceries. He didn't even look at

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Speaker 1: how many they have, but he'll he'll buy a basket

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Speaker 1: of groceries. And he'll do that once a month or so.

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Speaker 1: And and I asked him, I said, Tom, why do

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Speaker 1: you do that? And he said it makes me feel good. Wow,

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Speaker 1: that's so beautiful. He will be in my next book. Perfect. Perfect.

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Speaker 1: And because a little bit of what he did rubbed

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Speaker 1: off on me. There was a lady in the grocery

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Speaker 1: store right in front of me, and she did not

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Speaker 1: have enough money to buy everything she had in her basket.

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Speaker 1: She came short and had to take an item and

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Speaker 1: put it back and I bought it for and just

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Speaker 1: gave it to her. I mean it was like three dollars.

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Speaker 1: It was nothing. But but that's is. And when you

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Speaker 1: talk about happy money, is that partially what it means? Yes, exactly.

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Speaker 1: And I see it everywhere when you when you focus

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Speaker 1: on happy money. Like eight years ago, when Japan was

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Speaker 1: hit by a big earthquake, we got so much food,

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Speaker 1: water supplies from North America, you know us. And what's

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Speaker 1: amazing is that we got showered by the generosity of

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Speaker 1: all the people. And we are so grateful for all

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Speaker 1: the support we got. And it's so amazing to witness

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Speaker 1: how happy money circulates in the world when you focus

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Speaker 1: on it, you know, when when the hurricane heads, the

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Speaker 1: war and the famine, and so I see there are

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Speaker 1: so many generous people in the world, more than you

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Speaker 1: think of. By the way, you invented the Honda motor car,

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Speaker 1: didn't you. I wish that would be great. A lot

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Speaker 1: of couples, married couples will fight over money to the

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Speaker 1: point where it destroys the marriage. What do you do

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Speaker 1: about that? How can you get people to just chill

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Speaker 1: out a little? Yeah? I've done a lot of famine

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Speaker 1: answering in my practice, and what's interesting is that they

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Speaker 1: fight over something so little, but it seems so big

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Speaker 1: for them because there are different money types. As I

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Speaker 1: analyze it, you know, there are money saver type, compulsive saver,

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Speaker 1: they love saving, and the other ones are compulsitive spender,

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Speaker 1: and they usually get married somehow. It's a mystery of

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Speaker 1: human psychology. You know, they're attracted to one another because

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Speaker 1: I think the savor person is attracted to the spender

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Speaker 1: because he or she knows how to have a party,

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Speaker 1: have fun in life. So the other one, the spender,

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Speaker 1: feels they're attracted to the savor because that person symbolizes security.

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Speaker 1: So those people, they are attracted to each other get married.

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Speaker 1: But after four or five years, the same exact reasons

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Speaker 1: that they're attracted to, you know, they started to annoy

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Speaker 1: them so different from one other. So unless we know

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Speaker 1: that there's a different money type, we get into fight

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Speaker 1: without knowing because we feel the way the other partner

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Speaker 1: is doing is definitely wrong. Can can you be too

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Speaker 1: cheap with your money? Who's you know, how much? Regardless

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Speaker 1: of how much you make. Yes, because even if you

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Speaker 1: make millions of dollars. You know, when you don't feel

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Speaker 1: you have enough, you go so cheap. Like the other day,

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Speaker 1: I interview a very wealthy man. I ask him, how

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Speaker 1: do you feel wealthy? And he says none at all,

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Speaker 1: because I don't have a private jet. And then, you know,

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Speaker 1: I talk with a guy who has a private jet.

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Speaker 1: I asked him, how do you feel to have a

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Speaker 1: private jet. He says, no, I don't feel wealthy because

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Speaker 1: my private jet only see six people. Wow, so you

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Speaker 1: know your friends have a bigger private jet. Exactly. He

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Speaker 1: feels like he's, you know, having a very small car,

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Speaker 1: and that's somewhat embarrassing for him that his privacy that

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Speaker 1: only has six sets. So how much ever you make,

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Speaker 1: if you are not content with how much you have

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Speaker 1: and appreciate, you feel like, oh I don't have enough,

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Speaker 1: that keeps me unhappy, feeling too and don't you think,

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Speaker 1: kim too. Regardless of how much money one makes, you

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Speaker 1: have to have health and take care of that first.

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Speaker 1: That's so true, and so much money doesn't necessarily help

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Speaker 1: you to feel healthy and wealthy and happiness happy. One

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Speaker 1: of our regular guests on our program wrote a little

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Speaker 1: snippet for you lynd Vic Taggart on the back of

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Speaker 1: your book. Yeah, she's a wonderful person with that. I

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Speaker 1: love her. Yes, great concepts and stuff like that too.

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Speaker 1: So what do you what do you recommend to people

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Speaker 1: who you know they have a job, they're making money,

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Speaker 1: they're paying their bills, they're probably not saving a lot,

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Speaker 1: they're not getting ahead. How can they become a little

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Speaker 1: happier with their money? So my mentor h Takata, who's

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Speaker 1: called Warren Bassett of Japan, he said, there's only one

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Speaker 1: thing I did got all your money. I appreciate your money.

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Speaker 1: So as long as you appreciate your money coming in

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Speaker 1: money going out, you feel happy. And then it takes

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Speaker 1: a little practice. When you receive money next time, just

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Speaker 1: say thank you or arigato when the money comes in,

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Speaker 1: and also when you spend it, also feel gratitude and

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Speaker 1: about that. And once you start this, you start this

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Speaker 1: cycle of appreciation. And when you appreciate, appreciates and somehow

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Speaker 1: it gives you joy and happy feeling that you are

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Speaker 1: in the cycle of abundance. Is the compulsive spender ken happy.

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Speaker 1: Compulsive spender cannot see you happy because the second hero

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Speaker 1: receive buys the stuff and brings it to the car

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Speaker 1: or the home. They already feel starting to feel depressed.

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Speaker 1: They want to go back out again and buy some more. Right, Yeah,

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Speaker 1: they feel like the happiest when they are bringing to

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Speaker 1: the casher. But the funny thing is their happiness level

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Speaker 1: goes down so so fast after they get the stuff.

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Speaker 1: And the funny thing that they don't even try the

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Speaker 1: address they bo or the bag. It's put it in

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Speaker 1: a closet. So that means that the compulsitive spender people

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Speaker 1: they spend the money to feel the control. So the

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Speaker 1: more you spend it, the more you need control. So

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Speaker 1: that's why they cannot stop until they file bankruptcy. I

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Speaker 1: had a friend whose wife they're not married anymore. Maybe

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Speaker 1: this is why who would be a compulsive spender of

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Speaker 1: things include let's say brand new shoes to the point

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Speaker 1: where she never took them out of the box. Yes,

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Speaker 1: she would buy them brand new, put them in her closets,

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Speaker 1: stack them up, but never put them and take them

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Speaker 1: out of the box. M I mean, why do people

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Speaker 1: do that? You know, fifty pairs of shoes and you

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Speaker 1: never use them. It's because they lose interest the second

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Speaker 1: they buy, you know, they buy things, so they're interested

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Speaker 1: in buying staff the high the rush is buying something,

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Speaker 1: isn't it. Yes, So they're not interested in the product

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Speaker 1: or services by itself. But you know, George, what's interesting

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Speaker 1: is the composite spenders. They happen to get married with

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Speaker 1: compulsive moneymaker. The money she spends will be will come

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Speaker 1: from her husband or his husband, who are making so

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Speaker 1: much money. So this cycle of making so much money

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Speaker 1: and the partner spends so much money, it's it's so interesting,

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Speaker 1: you know, the lifegoats that way. What about the compulsive

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Speaker 1: sabor ken, What about that person? Yeah, compulsive saber was

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Speaker 1: born and brought up in a family where they have

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Speaker 1: so much fear. If your parents or grandparents grew up

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Speaker 1: in a great depression time or decision time, they tend

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Speaker 1: to feel mum fear around money, so they don't want

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Speaker 1: to spend it. So one of my friends grandparents grew

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Speaker 1: up in this depression time. So what they're saying is like,

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Speaker 1: save your money in case something bad happens. So compulsive

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Speaker 1: saver feels secure and comfort when they save some money.

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Speaker 1: So they are so scared of spending money. So um,

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Speaker 1: that way they can enjoy life. They're constantly looking at

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Speaker 1: their bank account or whatever just to make sure it's

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Speaker 1: still there. Huh. Yes, they seek security in the number

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Speaker 1: of their bank account and it's a kind of sad

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Speaker 1: life to do that, because they have no life they enjoy.

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Speaker 1: Listen to more Coast to Coast am every weeknight at

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Speaker 1: one am Eastern and go to Coast to Coast am

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Speaker 1: dot com for more