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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volunteer_activism ADVICE
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.
volunteer_activism ADVICE
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.
question_answer ANECDOTE
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.
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In this book, Elizabeth Dunn and Michael Norton explain how money can buy happiness if spent according to five core principles. These principles include buying experiences over material goods, making purchases a treat, buying time, paying now and consuming later, and investing in others. The authors draw on cutting-edge research in behavioral science to show how these principles can be applied by individuals and companies to create happier employees and customers. They also highlight how companies like Google, Pepsi, and Charmin have implemented these ideas successfully.
What if your money could bring you more joy—and less stress? Today, we welcome Ken Honda, Japan’s bestselling personal development guru, to the basement. He introduces us to his concept of “Happy Money,” where gratitude replaces fear, and your relationship with money becomes… well, happier. From early lessons in emotional finance to wisdom from his own mentors, Ken shares how small mindset shifts can lead to big life changes.
But before we get zen with our Benjamins, Joe and OG shine a light on the latest investigation into real estate commissions. Are hidden fees quietly draining your wallet when you buy or sell a home? The Justice Department seems to think so. We dive into what’s happening—and what you can do about it.
Also in the episode:
HSA contribution limits are rising—are you using your health savings account the smart way?
A listener wonders if hiring their kids can unlock Roth IRA opportunities (spoiler: it’s not as simple as “just write them a check”).
Doug moonshines a trivia question that may or may not involve death (but definitely involves Doug).
Whether you’re looking for practical strategies or a new perspective on money itself, this episode brings both insight and inspiration.
The Stacking Benjamins Show 
