Ken Honda is the author of Happy Money: The Japanese Art of Making Peace with Your Money. He is a bestselling author of self-development books and has sold more than seven million copies worldwide.

While his financial expertise comes from owning and managing several businesses, his writing spans topics that include finance and self-help, focusing on creating and generating personal wealth and happiness through deeper self-honesty.

Ken recently shared a sneak peek of his philosophy behind achieving “happy money.” 

What is the difference between money IQ and money EQ? How do the two work together to create “happy money”?

After running my own businesses for over 20 years, I know there are two types of intelligence that every entrepreneur needs—money IQ and money EQ. If you only have one, your business is sure to suffer.