No Resolutions | InvestED Podcast | Episode 401

TL;DR

Invested podcast hosts reflect on their journey and the success of their books, discussing New Year's resolutions and the four types of people who respond to expectations.

Transcript

hey everybody this is Phil town and this is Danielle Town welcome to the invested podcast for the year 2023. we are so excited this is our 400 and first podcast 400 400 I just calculated do we have approximately 6 000 pages of transcription of our podcast and we were wondering I wonder if anything in there is actually any good and what would it end... Read More

Key Insights

• 💪 Publishing companies focus on authors with a platform and a strong following to ensure book sales.
• 😊 The PR machine of publishing houses plays a crucial role in promoting and marketing books.
• 😊 The hosts emphasized the importance of writing a good book that readers would be proud of and recommend to others.
• 🇵🇭 Rule Number One, written by Phil Town, and Invested, co-written by Phil and Danielle Town, continue to sell well and be published in multiple languages.
• 🙈 New Year's resolutions can be seen as strong intentions or promises to oneself and should be approached with commitment.
• 📔 Gretchen Rubin's book Better Than Before offers insights into different personality types and how they respond to expectations.
• 😫 Understanding one's response to inner and outer expectations can help in setting and achieving goals.
• 👻 The hosts discussed the four types of people: Upholders, Obligers, Questioners, and Rebels, as described by Gretchen Rubin.

Questions & Answers

Q: How did Phil Town start his investing journey?

Phil Town entered the investing world with a non-Wall Street background, learning Warren Buffett's style from a mentor and starting with a small investment.

Q: How did Danielle Town transition from law to investing?

After working as a lawyer in the Middle East, Danielle Town realized her passion for working with entrepreneurs and businesses. Her interest in investing grew after conversations with her father.

Q: How did the hosts approach writing their books?

Phil Town was approached by a friend to write a book about his investing success, while Danielle Town decided to write a book based on her own investing experience with the guidance of her father.

Q: What insights did the hosts share about the publishing industry?

The hosts discussed the challenges of the publishing industry and the importance of having a platform. They highlighted the need for pre-orders and strong sales numbers to generate buzz and success for a book.

Summary & Key Takeaways

• Phil Town introduced himself as an investor with a non-traditional background, learning Warren Buffett's style and becoming a successful investor and author.

• Danielle Town shared her journey from disinterest in investing to becoming a lawyer and eventually embracing the world of investing with the guidance of her father. They co-wrote a book together.

• The hosts discussed the challenges of publishing and the importance of having a platform, sharing their experiences with book sales and reaching the New York Times bestseller list.