Finding Your Financial Finesse through Money Management and Investment Strategies with Phil Town, Danielle Town, & Ramit Sethie
Original Air Date Wednesday, July 28, 2021
Financial fitness is different for all of us as we all have different needs and dreams. The concern we feel about having sufficient money to meet our needs or fulfill our dreams can be emotionally taxing. Partner that with the absence of a financial education and it becomes a profit-driven boon for predatory financial institutions. Understanding the basics of investing, which companies have an honest track record, and how to get out of debt can be life-changing for many. To better understand the psychological effects of how finances affect our lives and relationships, Positive Psychology Podcast Host Lisa Cypers Kamen speaks with two investors/authors about how they overcame their early beliefs about what their financial outlook could be. Danielle Town describes how she overcame her emotional trauma surrounding money as detailed in her book, Invested. And, Remit Sethi discusses strategies on how to grow what you already have from the second edition of his book, I Will Teach You to Be Rich.
Danielle Town — Money Management & Investment Strategies:
- Can money buy happiness? [2:22]
- Danielle resisted investing even though she had direct access to her father, a financial guru. [4:32]]
- In her book, Invested, Danielle prepares readers to move beyond emotional money traumas. [7:43]
- A millennial’s dilemma: Live a good life now or plan for retirement? [13:21]
- Conscious capitalism is wisely investing, long-term, in companies with great values. [19:23]
Danielle Town is a corporate attorney with degrees in religion from Wellesley and Oxford, and law from NYU and the University of Colorado. After pushing her dad, Phil Town, to collaborate with her on their podcast, InvestED: The Rule #1 Podcast, so she could learn about investing in an interactive way alongside fans, she feels the fog has been cleared and she can make her own financial and investing decisions. Talking about investing with her dad empowered her to invest on her own, clearing the way for her to live a happier, richer life.
Book: Invested: How Warren Buffett and Charlie Munger Taught Me to Master My Mind, My Emotions, and My Money (with a Little Help from My Dad)
Ramit Sethi — The Science of Financial Success:
- Ramit explains the idea behind his book, I Will Teach You to Be Rich, and the psychological aspects of money. [27:09]
- Ramit and Lisa divulge their rich lives. [29:42]
- Tips on how to take complete control of your money from I Will Teach You to Be Rich. [32:03]
- Ramit shares real-life examples of how the life-changing systems in his book have transformed people’s lives. [43:56]
- After achieving your rich life: think bigger by giving back. [52:19]
Ramit Sethi writes about money, business, and psychology. At Stanford, he studied technology and psychology. He grew up in Sacramento, the son of Indian immigrant parents from whom he learned the art of negotiating. His understanding of human behavior and money led him to create innovative solutions in self-development.
Book: I Will Teach You to Be Rich: The Second Edition
This episode of Harvesting Happiness Talk Radio is sponsored by:.
Are We Happy Yet? Eight Keys to Unlocking a Joyful Life — A boot camp manual for greater emotional fitness. Happiness waits for no one and sometimes we all need support. What is getting in the way of your happiness right now?
H–Factor: Where is Your Heart? — Lisa’s documentary film explores the journey of human happiness. Emotions are contagious and happiness is a universally desired state. We tend to forget we all have the freedom to be happy or the liberty to be miserable each day.
“Many of us have money trauma because it goes back to a childhood wound.” @LisaKamen on @HH_TalkRadio Click To Tweet“There is so much shame around not knowing stuff about money, the markets, and financial stuff that we don’t ask.” @Danielle_Town on @HH_TalkRadio Click To Tweet“There are a few big wins that if you get right in life you never have to worry about buying lattes.” @ramit on @HH_TalkRadio Click To Tweet“Money should make you dream bigger than you dreamed before.” @ramit on @HH_TalkRadio Click To Tweet“A vast majority of people have never spent one weekend reading a good book about money.” @ramit on @HH_TalkRadio Click To Tweet“If you have debt, you should know the exact month and year it will be paid off.” @ramit on @HH_TalkRadio Click To Tweet“It’s not magic, it’s just math.” @ramit on @HH_TalkRadio Click To Tweet“One of the biggest distinctions between the rich and everyone else is that the rich prepare before they need to.” @ramit on @HH_TalkRadio Click To Tweet“Money is a fascinating thing because it is so connected to our worth and our value, literally, to other people.” @Danielle_Town on @HH_TalkRadio Click To Tweet“To learn how to withstand the highs and lows of not only our lives but our financial health is extremely important.” @LisaKamen on @HH_TalkRadio Click To Tweet
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