

Happy Money, Hidden Fees, and Hiring Your Kids (SB1706)
12 snips Jul 9, 2025
In this engaging discussion, Ken Honda, Japan's bestselling personal development guru and author of 'Happy Money,' dives into how gratitude can transform your relationship with finances. He shares insights on emotional finance, revealing that small mindset shifts can lead to significant life changes. The conversation also uncovers hidden fees in real estate commissions, urging listeners to be vigilant. Plus, practical tips on maximizing Health Savings Accounts and the complexities of hiring your kids for Roth IRA contributions add to the mix.
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Negotiate Realtor Terms or Fees
- When negotiating realtor agreements, prioritize either fee amount or terms, but not both.
- Negotiating shorter contract terms allows firing the realtor early if the house doesn't sell.
Maximize and Preserve HSAs
- Maximize Health Savings Account (HSA) contributions because they are tax-free at deposit and withdrawal.
- Keep records of medical expenses to reimburse yourself years later and grow money tax-free.
Early Money Lesson from Father
- Ken Honda's father taught him about business by comparing sales at different types of shops when they visited the mall.
- This early lesson helped Ken understand the essence of business beyond just making money.