March 24, 2023

We all want to prosper in life. And, let’s be honest: If there were some magic spell that could grant that, we all would’ve tried invoking it by now. Sadly, there is not. There is, however, some hidden key that you may not be aware of. This hidden key relates to the two types of financial intelligence: Money IQ and Money EQ.
If you feel like you’re struggling to prosper in life financially, you’ve come to the right place. According to Ken Honda, “Zen Millionaire” and author of Happy Money, connecting your Money IQ and EQ is the secret to creating and receiving more money in life. By learning both principles, you can connect them and manifest abundance. Keep scrolling to learn how to make peace with your finances like never before.
Money IQ (intelligence quotient) is a type of financial intelligence that refers to the practical side of finances. This includes earning a living, budgeting, protecting, and increasing your money.
The second type of financial intelligence is Money EQ (emotional quotient), which ultimately assesses how healthy your relationship with money is. It’s a reflection of your personal beliefs about money and how your subconscious makes financial decisions. Having a high Money EQ is just as—if not more—important as having a high Money IQ. You can make all the money in the world, but it will be for naught if you have a low Money EQ.
Source: Yan Krukov | Pexels
Connecting both Money IQ and EQ is key to developing a healthy relationship with money and manifesting financial abundance in your life. In addition to understanding the principles mentioned above, incorporating these practices into your daily life will help you prosper like never before.
Part of setting yourself up for financial success means knowing what you want. There’s no better time than the present to get clear on your money goals. Think about what success and prosperity look like to you. Once you’ve done that, you can then create a plan that will help you get there (think: budgeting, investing, updating your resume, letting your boss know you’re interested in moving up in the company, etc.).
We live in a fast-paced world, which is why we need to take the time to slow down to stop and smell the roses. Create a flow of abundance in your life with practices like deep breathing, meditation, or journaling. Practicing mindfulness on a regular basis will teach you how to ground yourself in the present moment, recognize and appreciate the wealth you already have, and enjoy the fruits of your labor. Living in a more mindful state will also make you more clear-headed. This, in turn, will help you make better financial decisions and capitalize on existing financial opportunities.
Money is a notoriously emotionally charged topic, so if you have a negative emotional reaction to it, you’re not alone. This response, though, only blocks you from creating and receiving abundance. Developing a positive emotional response to money is key. Allow yourself a moment to relish in the joy of being paid. View money as a tool. Be happy for the abundance of others. You can also try writing an open and honest letter to money to expel any negative feelings towards it.
Learning to spend wisely will help you break unhealthy behavioral patterns with finances. The biggest way to ensure you’re spending wisely is by setting aside whatever money you have left over after paying for living expenses. Then, invest this money in things that bring you joy, things that can help generate wealth long-term, and things that improve and benefit your well-being. 
Truthfully, spending wisely is subjective. It’ll look different for everyone. That being said, some general examples of smart spending are investing in a retirement fund, traveling solo or with others, or even treating yourself to a spa day. I’m a firm believer in having balance in all aspects of life, so after paying my expenses, I set aside 50% of my leftover money for “fun” expenses (think: dinner and drinks, skincare, a Sims 4 expansion pack, etc.), 25% for savings, and 25% for investments.
Our subconscious is a very powerful thing. Harboring feelings like self-doubt will only hinder you from making and receiving money. Let go of limiting beliefs by changing the narrative. Stop doubting what you’re capable of and reflect on all you’ve achieved thus far. Stop questioning whether or not you can make more money. Instead, look at how much you’ve already made. Grant yourself the freedom to receive wealth into your life. This will help you have confidence in yourself, allowing you to trust the flow of money and let go of limiting beliefs.
The energy we put out into the universe is the energy we get back. Living with an abundant and grateful mindset will ultimately give you a life you feel worthy and deserving of. Start by taking a minute to zoom out and look at the bigger picture. Recognize and appreciate everything you already have. This will make you feel naturally more abundant, thereby attracting abundance into your life. Plus, this mindset makes it so much easier to be generous when you can and let go of limiting beliefs.
Recognizing and understanding that money isn’t everything will allow you to let go, stop stressing and trust the flow of money. There’s absolutely nothing wrong with wanting to make a lot of money and be financially independent. However, putting money on a pedestal and making it the end-all-be-all will only bring you pain and suffering. It will only damage your financial intelligence. Yes, you need money to live. But you don’t need it to thrive.
Ultimately, this—in addition to everything else previously mentioned—will help you fully tie the principles of Money IQ and Money EQ together. You can now level up your financial intelligence like never before. 


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