Filing for bankruptcy is a big decision. It has both positive and negative financial consequences that impact you and your family. Before you make such a big decision it’s important to weigh your options and understand the ramifications of filing for bankruptcy in Ontario, both in the short and long term. A word of caution: Filing for bankruptcy can be a complicated process that can’t be fully understood by skimming through a few articles. We […]

Kids are a pain. One minute you’re funding their entire lifestyle. The next minute they’re off to university or buying their first flat – and you’re still funding their entire lifestyle. But perhaps you want to do even more for the young people in your life? Maybe you want to help give your little ones (another) leg up? Maybe your genes are forcing your hand! You’re not alone. Almost £10bn has been socked away in Junior […]

Nicolai Tangen is the CEO of Norges Bank Investment Management, the world’s largest sovereign wealth fund. He is responsible for managing over $1.6 trillion. That’s roughly 1.5% of every listed company on earth. Public Release: February 17. Members have access now.Join us. In this episode, we explore the intersection of massive wealth, high-speed decision-making, and the psychological traits required to survive the AI revolution. Coming Soon: Apple Podcasts | Spotify | Transcript |YouTube The post […]

This post may contain affiliate links. If you make a purchase through one of them, I may earn a small commission at no additional cost to you. Please see my full disclosure policy for details. Disney World isn’t just for families with children. It’s a magical destination for couples, solo travelers, and adult friend groups, too. Whether you’re celebrating a milestone, craving a dose of nostalgia, or just want a unique getaway, a trip to […]

I had always dreamed of working for myself and making passive income from home, but it took years of toiling until I finally figured it out. Then, on a whim, I decided to learn how to sell digital products on Etsy. Now, I’ve made over $500,000 in passive income from home. Here are my 5 tips for getting started making passive income from home with very little money. 1. Start with one passive income source […]

Are you wanting to impress your friends and family with homemade meals but complicated recipes scare you away? Check out our top simple ingredient recipes for dinner that are healthy and are sure to impress. Simple Ingredient One Pan Meals Balsamic Chicken Skillet GET THE RECIPE → Lemon Garlic Chicken GET THE RECIPE → Tomato Garlic Pasta GET THE RECIPE → Chipotle Chicken Stew GET THE RECIPE → Simple Ingredient Dinners With Chicken

Don’t miss an episode of our podcast, Personal Finance for Long-Term Investors. Tune in on: Apple Podcasts Spotify YouTube Now, here’s today’s article: What does a marathon runner have in common with a Vietnam prisoner of war? Why is long-term investing so much better than short-term thinking? The answer lies in the Stockdale Paradox. The Stockdale Paradox Explained Who is Stockdale and what’s his paradox? James Stockdale was a U.S. Navy aviator, eventually rising to the rank of admiral and even running for U.S. vice president in the 1992 election (on Ross Perot’s ticket). During the Vietnam War, Stockdale’s fighter was shot down and he spent seven years as a prisoner of war in the infamous “Hanoi Hilton” prison camp. It was during these challenging seven years that the “Stockdale Paradox” was born. I won’t go into gritty details of Stockdale’s imprisonment, but I think you’ll find it quite eye-opening. Despite repeated torture over those seven years, Stockdale survived as an unbroken man. He remained a leader to his fellow prisoners. He didn’t give up any vital intelligence information. How did he do it? Stockdale constantly reminded himself of two vital philosophies. But because these two ideas are somewhat at odds with each other, they’re now known as the Stockdale Paradox: Never lose faith that you will prevail in the end. Maintain the discipline to confront the most brutal facts of current reality. That’s it. Holding both those thoughts simultaneously is the Stockdale Paradox. Two Opposing Ideas in the Stockdale Paradox Part 1 of the Stockdale Paradox is hope. Stockdale felt that if he ever lost the belief that he would eventually be free, then he would lose his purpose and quickly wither. But hope is different than blind optimism. If Stockdale failed to confront his current situation, then he wouldn’t be able to steel himself against the harsh daily conditions. That’s why Part 2 of the Stockdale Paradox is realism. For seven years, Stockdale woke up knowing that he might get tortured that day. There’s no sugar-coating that reality. But, in the back of his mind, he maintained faith that he would eventually be free. Hope vs. realism. Brass tacks vs. boundless optimism. It’s one-day-at-a-time vs. 20 years from now. To consider both circumstances simultaneously? It’s not easy. It’s certainly paradoxical. For all of Stockdale’s time in Vietnam, this mental paradox allowed him to survive intact. How Do We Apply the Stockdale Paradox? The Stockdale paradox is easy to talk about but hard to implement. It’s easy to say, “I have faith that I will one day be 25 pounds lighter. But today, I gotta do my 1-hour workout.” Or, “I have faith I’ll have a wonderful retirement. But right now, I have to accept that my portfolio is down 4% in the last month.” We all have that internal communications system

Burnout is often treated like a personal failure but what if it’s actually a signal that something deeper is out of alignment? In this episode of the Journey to Launch Podcast, I’m joined by executive coach and organizational change strategist Dr. Kerri Ann Peart for a powerful conversation about burnout, boundaries, identity, and what it really takes to grow into higher levels of financial success without sacrificing your well-being. We talk about how burnout actually […]