#108 Ikigai: Is This Japenese Concept The Secret To Financial Prosperity?

Ikigai is a Japanese concept that means your ‘reason for being.’ ‘Iki’ in Japanese means ‘life,’ and ‘gai’ describes value or worth. It’s what brings you joy and inspires you to get out of bed every day.

Knowing your ikigai can help you:

  • Design your ideal work lifestyle
  • Live longer/healthier
  • Create a healthy work-life balance 
  • Pursue your career dreams 
  • Enjoy your work 

Answer these questions to find your ikigai

1. What do you love?
If you’re currently working:

  • Are you absorbed in your work? 
  • Are you more excited about going to work than you are about leaving work?
  • Do you have an emotional connection to your work results?

If you have a hobby or craft:

  • Do you have a hobby or craft you can’t seem to get enough of?
  • Are you more excited about your hobby or craft than anything else?
  • Are you emotionally connected to your hobby or craft?

2. What are you good at?
If you’re currently working:

  • Do people ask you for advice on topics related to your work?
  • Are there parts of your job that come easily to you?
  • Are you one of the best at what you do?
  • Are you/Do you want to be an expert at what you do?

If you have a hobby or craft:

  • Do people compliment you on your hobby or craft?
  • Does your hobby or craft feel intuitive?
  • Are you one of the best at your hobby or craft?
  • Do you want to be an expert at your hobby or craft?

3. What does the world need?
If you’re currently working:

  • Is your work considered a high demand in the marketplace?
  • Picture the next year, now 10 years — will your work still be valuable?
  • Are you solving a social, economic, or environmental problem?

If you have a hobby or craft:

  • Is your hobby or craft in high demand or desirable in the marketplace?
  • Will your hobby or craft still be valuable in the future? 
  • Is your hobby or craft solving a social, economic, or environmental problem?

4. What can you be paid for?
If you’re currently working:

  • Are there other people getting paid for the same work you’re doing?
  • Do you make a good living/Will you eventually make a good living doing your work?
  • Is there a healthy level of competition for your work?

If you have a hobby or craft:

  • Have other people made a career out of

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About the Podcast

If working a 9-5 for 60 years so you can retire with a little money and die a few years later is what you want to do, then this is not the podcast for you.

Stephen is an executive coach that works with executives and entrepreneurs to build the life that they want, personally and professionally.

This podcast is about contrarian investment strategies around time, energy and money to build the 4 types of wealth and utilize lifestyle design to create the life we want. The interviews are with hi-earning individuals on how they make money so you can copy us and grow wealth too!

Reaching that first $100k milestone is crucial and then the game changes.

Learn how the wealthy view time, energy and money so you can apply these proven strategies to your life.