I recently watched a video on Money Emotional Quotient by Ken Honda on the Mindvalley Platform and realized that there is a little more than just ‘accident’ when we talk about our relationship with money.
Most people will blame the circumstances, events and people responsible for their poor financial health but, our financial status is more than simply a set of circumstances; it has to do with the mindset behind those circumstances.
What is Money EQ and Money IQ?
When we speak about generating wealth in life, we usually depend upon the instincts of logic and material evidence to support our financial decisions.
Yet, sometimes, we are not able to justify why we ended up being emotional about spending money in a particular way.
The fact is, we make such decisions based on our past experiences circling around money. The ‘Money IQ’ may support your logical decisions in short term, but it does not define the long term emotional state of decision making related to money, until we address and resolve our issues relating to money relationships.
Money EQ on the other hand is the emotional connect between the situation and your inner self while making the financial decisions. Especially, when it is a major life decision, no amount of material logic will ever be able to support your decision, because, the fear / reservations about money keep you from taking the action.
Your LOGICAL DECISION has to be supported with some amount of INTUITIVE FAITH in order for them to manifest as a long term reality.
If your intuitive mind is doubtful, despite all the material logic, you will always be contradicting your own reality.
3 Money Types
As per Ken Honda, the author of his bestseller Happy Money, there are 3 money types personalities.
- Controlling – A person who grew up believing if he had more money, he would be more happier.
- Indifferent – A person who grew up believing that he doesn’t have to worry about money.
- Fear – A person who grew up believing that money is bad / evil and they run from money in order to hide their pain.
Your receptivity for money is controlled by what Ken calls as the Money Container which is a reflection of your inner capacity to receive money.
Money is like Energy
Most people try to become RICH alone but they never try to become RICH TOGETHER. Such emotion is like stagnant water, which only breeds disease. When the water flows, it carries with it the life force and energy to quench the thirst of all beings.
Money is similar to energy. When money flows, it delivers abundance to all concerned coming in contact with it.
But when money is held up for selfish interests, no one, not even the person beholding is able to utilize that energy. They are always driven by the fear of losing it. This will cost their valuable sleep.
The true abundance comes when you know the ‘flow of wealth‘ in your life is a continuous process and money flows into your life from different sources, and then flows out from your hand to give energy to several others who need it.
Arigato (Thank your Money)
Arigato your money.. $$$
Arigato (is thank you in Japanese) means when you express gratitude for the money you take and receive, you will be able to create the ‘flow of wealth’ into your life like the ‘flow of river’.
At higher levels, it becomes like ‘flow of air’, where the flow becomes effortless.
A simple practice of saying thank you when money flows in when you receive it and saying thank you when money flows out of your life into someone else’s will phenomenally change your relationship and attitudes towards money, and make way for the river to flow, rather than ‘waiting’ for the abundance to flow in.
Rhonda Bryne’s book ‘The Magic’ also speaks of gratitude in similar ways –
Whosoever has gratitude (for money) will be given more and he or she will have an abundance. Whosoever does not have gratitude (for money), even what he or she has will be taken from him or her.
Needless to say, some of the most accomplished and successful people with wealth follow the system of ‘wealth gratitude‘.
Your MONEY EQ is more important than your MONEY IQ.
The Great Life 