On today’s episode of The His & Her Money Show, we talk about investing, but not from the perspective you might expect. We talk with Danielle Town, daughter of the investing legend, Phil Town, about the other side of investing.
Yes, your feelings.
While investing might seem all dollars and cents, it’s also about our brains. (Just imagine watching your favorite stock plunge in value and you can see what we mean!)
Danielle Town, who calls herself a “non-natural investor”, shares why we need to consider our emotions when we invest and how to use that knowledge to our advantage.
She also shares a unique investing strategy (used by Warren Buffett, himself) to take as much stress as possible out of investing.
Danielle Town also shares why it’s important to understand how you deal with money at an emotional level and how to leverage that understanding to be a more powerful (and wealthier) investor.
Tune in if you are intimidated by investing, need a new investment strategy, or need to connect with your money on a higher level to become a wealthier and happier person.
Get in touch with Danielle Town on Twitter.
What You Will Learn
- Why investing can feel scary…even for a corporate lawyer and the daughter of a very famous investor
- Dealing with rational and irrational fear in investing
- How to move past the fear of investing
- Becoming comfortable with investing…even if you aren’t a numbers person
- Why should we learn about investing anyway?
- What is inflation?
- What is value investing?
- Why value investing is a good investment for “set it and forget it” and non-natural investors
- Charlie Munger’s 4 principles of successful value investing
- How do you pick a good company to invest in?
- When you should (and shouldn’t) use your emotions to guide your investment decisions
- How do you deal with the emotional roller coaster of investing news?
- Understanding your emotional connection to money
Resources Mentioned
- 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)
- 4 charts will totally change how you think about saving money (CNBC.com)
- DanielleTown.com
- Danielle Town on YouTube
Thanks For Listening!
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