Here is a interview with Deepak Chopra and Kabir Sehgal on the deeper understanding of the relationship between money and humanity They discuss Kabir’s book, Coin: The Rich Life of Money and How Its History Has Shaped Us.
Deepak: Why did you write Coined?
I began working on Wall Street just a few months before the great financial crisis. I was alarmed with the damage that it caused with people losing their jobs and houses. I wanted to know why we act so irrationally when it comes to money. What’s going on in the brain when we think about money? I researched the topic of money over 4 years while traveling to over 25 countries.
Deepak: How does money have a physiological change on us?
Kabir: Just the idea of making money can increase your skin conductancy, meaning there’s a current of excitement. Money also numbs your senses. People who touched paper money and then placed their hands in hot burning water didn’t feel as much pain as those who hadn’t touched money. Researchers have compared brain scans of those people who are making money to those high on cocaine and found that them to be almost identical. Money has a biological and psychological effect on us.
Deepak: What did you learn about money that surprised you?
Kabir: The oldest and most important currency is debt. And different cultures treat debt differently. For example, in Tokyo, I bought some delicious fruit as a gift for my friend. But he didn’t want to accept it because he said he wouldn’t be able to repay me, as I was leaving in a few days. The word for thank you “arigato” loosely translates into “this difficult thing.” When you go to a Japense wedding, make sure that you tie the ribbon on the present tightly because if you don’t, you may imply that you don’t think the marriage will last.
Deepak: What is the future of money?
Kabir: Reputation will become an even more important currency in the future. I went to a restaurant, and they made a mistake with my reservation, so I took out my phone to text my friend that he could take his time. But the maitre d was alarmed, and said “please don’t write a negative review of us on Yelp. We’ll find you a table right away.” For him, a negative review could jeopardize future business. Social standing and reptuation has always mattered, but now it ‘s happening on a global basis. The number of twitter followers and Facebook likes really matter. For example, American Airlines gives VIP lounge perks to those who have higher Klout scores, which is a metric for someone’s social media influence.
Kabir: I traveled to Kolkatta, India and visited Mother Theresa’s home for the dying and destitute. It’s there that I saw many lepers, and there was a European teenager who was serving as a volunteer. He told me he was there because of what he learned in the scriptures. Jesus speaks about the importance of storing up treasures in heaven but not on earth. In Hinduism, one of the goals of life is artha, the accumulation of wealth. You are supposed to make money and take care of your family, but when you pursue artha you will awaken to moksha, or liberation. There will come a time in your life when you should renounce money and detach from it. Spirtuality teaches not to follow the evolutionary logic of “more is better” but to realize that “less is more.”
Learn more about Kabir Sehgal’s Coined: The Rich Life of Money And How Its History Has Shaped Us
You can preorder your copy now.
Take a sneak preview of Deepak Chopra’s new book, The 13th Disciple: A Spiritual Adventure – read an excerpt, access a free online course – Discovering Ayurveda and enjoy a guided meditation from the Energy of Attraction. Visit: The 13th Disciple and complete the Access Your Bonus Gifts form.
Originally published in Frontiers
Steven R. Steinhubl1*, Nathan E. Wineinger1, Sheila Patel2, Debra L. Boeldt1,Geoffrey Mackellar3, Valencia Porter2, Jacob Redmond4, Evan D. Muse1, Laura Nicholson1, Deepak Chopra2 and Eric J. Topol1
A number of benefits have been described for the long-term practice of meditation, yet little is known regarding the immediate neurological and cardiovascular responses to meditation. Wireless sensor technology allows, for the first time, multi-parameter and quantitative monitoring of an individual’s responses during meditation. The present study examined inter-individual variations to meditation through continuous monitoring of EEG, blood pressure, heart rate and its variability (HRV) in novice and experienced meditators. Methods: Participants were 20 experienced and 20 novice meditators involved in a week-long wellness retreat. Monitoring took place during meditation sessions on the first and last full days of the retreat. All participants wore a patch that continuously streamed ECG data, while half of them also wore a wireless EEG headset plus a non-invasive continuous blood pressure monitor. Results: Meditation produced variable but characteristic EEG changes, significantly different from baseline, even among novice meditators on the first day. In addition, although participants were predominately normotensive, the mean arterial blood pressure fell a small (2-3 mmHg) but significant (p<0.0001) amount during meditation. The effect of meditation on HRV was less clear and influenced by calculation technique and respiration. No clear relationship between EEG changes, HRV alterations or mean blood pressure during meditation was found. Conclusion: This is the first study to investigate neurological and cardiovascular responses during meditation in both novice and experienced meditators using novel, wearable, wireless devices. Meditation produced varied inter-individual physiologic responses. These results support the need for further investigation of the short- and long-term cardiovascular effects of mental calm and individualized ways to achieve it. (more…)