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.
About Lisa’s guests:
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 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
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