Ken Honda
I’m a big fan of The Psychology of Money and really didn’t think there’d be another money book that would interest me to this extent. I bought the book thanks to an article about it (at CapitalMind), which convinced me that the book had several insights that would be helpful.
As with the other book, this one too is less about investing/trading tips and secrets, and instead deals the subject with a light touch. By attaching the quality of happiness to money itself, he quickly points out the difference between happy money (e.g. being paid by a happy client for work you love to do) and unhappy money (e.g. taxes, salary for a job you hate). Money, according to Honda, is energy (current – currency) and the energy with which you give and receive money defines your relationship with it. It has some common functions – saving, exchange, growth, but our relationship with it is subjective. And we all want to win. But the big insight here? ‘Winning is not how well you do financially. It is how good you feel about playing.‘
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