Deepak Chopra Reveals His ‘Happiness Formula’ on New Podcast – Says ‘Wealth Is a State of Mind’
Written by
Yaël Bizouati-Kennedy
Edited by
Amen Oyiboke
Commitment to Our Readers
GOBankingRates' editorial team is committed to bringing you unbiased reviews and information. We use data-driven methodologies to evaluate financial products and services - our reviews and ratings are not influenced by advertisers. You can read more about our editorial guidelines and our products and services review methodology.
20 Years
Helping You Live Richer
Reviewed
by Experts
Trusted by
Millions of Readers
In the latest episode of the Live Richer podcast, host Jaime Catmull talks to Deepak Chopra, founder of The Chopra Foundation, a non-profit entity for research on well-being and humanitarianism, and Chopra Global, a modern-day health company at the intersection of science and spirituality.
Learn: Live Richer Podcast, Episode 3: Deepak Chopra
Chopra, who is also the author of more than 90 books and has been at the forefront of the meditation revolution, shared extremely insightful observations about a range of topics, including what he calls “total well-being,” how you should not focus on money only, “because that’ll mess you up,” and what he describes as the “happiness formula.”
He also discusses his upcoming book, “Abundance, the Inner Path to Wealth,” which addresses the fact that “wealth is a state of mind.”
“It’s not how much money you have in the bank. I know people who are billionaires, and they get distressed if the stock market falls and then their whole evening is ruined,” Chopra said in the podcast.
Discover: Live Richer Podcast, Episode 1: Rachel Cruze
The book, to be released in March, is based on a lyric by Bob Marley: “Some people are so poor, all they have is money.”
“There are two kinds of people who think about money all the time, they’re not happy. The extremely poor and the extremely rich. The extremely poor because they need it and the extremely rich because they confuse net worth with self-worth,” Chopra told Catmull.
In terms of the happiness formula, Chopra says that 50% of your happiness comes from what is called the brain set point for happiness, and makes a parallel with what is happening with the pandemic. “If you see problems, you’re condemning, criticizing, playing the victim, always complaining, then you’re unhappy. On the other hand, some people look at the same thing and say, “What’s the opportunity?” They’re happy. Look at the pandemic. A lot of people made money on Zoom and technologies and vaccines and on and on. This pandemic was a blessing to a lot of people,” he says.
Find Out: 17 Biggest Budgeting Mistakes You’re Making Listen: Live Richer Podcast, Episode 2: Jaspreet Singh
“A lot of businesses flourished, a lot of people found new ways to work from home. They created networks. So 40% of your happiness comes just that, that one point, 10% from money and the remaining 40% every day comes from the choices you make. So there are two kinds of choices people make every day. Ones for personal pleasure, alcohol, entertainment, sex, food, shopping. Shopping is the number one reason people think they’ll be happy if they shop,” he says.
However, there’s another kind of happiness that comes from fulfillment when you have meaning and purpose.
“Most importantly, if you know how to make another person happy, you’ll be the happiest person in the world,” Chopra added.
More From GOBankingRates
- 9 Bills You Should Never Put on Autopay
- Should You Buy Groceries at the Dollar Store?
- How to Easily Add $500 to Your Wallet This Month
- 5 Reasons You Need a Cash-Back Card in Your Wallet
About the Show
The Live Richer podcast is a space created for people to challenge and manage their ideas of wealth, culture, and money across the world. By exploring money concepts from diverse voices, listeners will be inspired to build better personal money decisions. Bringing you the best personal finance advice to make more, save more and Live Richer.
