Aug 7, 2020
Welcome Everyone! For today’s episode, we are joined by Henry Daas. Henry is a serial entrepreneur, entrepreneurial coach, personal finance coach, and owner of daasKnowledge LLC. Join us today as we dig deeper about strategies and tactics in investing, and talk about personal relationships and handling emotions.
If you haven’t yet had the chance to listen to part one of this interview, please do check out the previous episode for some context going into this episode.
Things you will learn in this episode:
[00:01 – 01:22] Opening Segment
- I talked briefly about valuable information you can take advantage of in this episode.
[01:23 – 07:33] How to Come Up with Your Own Rules in Investing
- My eight non-negotiables. The safe line to investing
- Henry talks about how he came up with his rules in investing
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- Learning from experiences, either from successes or failures
- Recommends the book One Up on Wall Street by Peter Lynch
- Contingent Liabilities
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- Think ahead. Don’t let your present situation fool you that everything will stay the same forever.
- Henry talks about not rushing getting into deals
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- There’s always going to be another opportunity
- Don’t let emotions affect your decision making
[07:34 – 23:03] Control Your Emotions
- Henry shares how he stays emotionally flat
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- Talks about his experience with therapy
- “It is not about me.” Take some time and understand that it’s not always going to be about you.
- Henry talks about his market homework routine every morning.
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- What’s my emotional state?
- How did I do in the market yesterday?
- Grab a copy of his book for the rest of his market homework routine. Link below.
- I talk about Todd Herman and his book The Alter Ego Effect.
- Henry talks about how important passion and commitment are in choosing your undertakings.
- I talk about the essence of money and time when pursuing something you are passionate about
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- I share my experiences in hiring a personal development coach.
- Henry talks about his journey in training to be a coach.
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- Learned judgment-free awareness
- Henry speaks about the hundred-hour week.
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- How will you allocate that 100-hours?
[23:04 – 26:38] Closing Segment
- I reflect on the things I learned in this interview
- Final thoughts from Henry
- Connect with him online! See below for links
- Final words from me
Tweetable Quotes:
“Don’t let the ‘here and now’ seduce you to thinking that everything is fine because we are not worried about the ‘here and now’, we’re worried about the trajectory of where we’re gonna go.” – Henry Daas
Resources Mentioned:
- Peter Lynch
- Fidelity Magellan Fund
- FQ: Financial Intelligence by Henry Daas
- The Alter Ego Effect by Todd Herman
- Henry Daas’ website
- Henry Daas’ company website
You can connect with Henry on LinkedIn, or visit his website http://henrydaas.com/. If you are looking for a coach or want to refer someone, or just curious about Henry’s coaching business, visit https://daasknowledge.com/.
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