Category: Podcast

If recessions occur every 10 years then every time one happens you are experiencing it for the first time. This is because the cause of every recession will be different and because you will be affected differently each time depending on the phase of life that you are in each time.

Recession defined – a period of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two successive quarters. 

The longer we go without a recession the worse the recession seems when it finally does hit because there are more individuals who have never been through one. The individuals who have never experienced a recession do not fully understand or know that the current environment is only temporary, not the new normal, and that things will bounce back. The underlying problem here is that the longer we go without a recession, when one finally does arrive there are more people who can influence the economy, through reacting irrational causing more problems economically in society (ex. selling their homes).

Generally, economic recessions don’t last as long as expansions do. Since 1900, the average recession has lasted  15 months,  while the average expansion has lasted  48 months. The Great Recession of 2008 and 2009, which lasted for 18 months, was the longest period of economic decline since World War II. 

In most countries,  the recovery from the Great Depression  began in 1933. It did not return to 1929 GDP for over a decade. Some say that WWII is what led to the recovery as there was a demand for workers to support the war effort. 

Common triggers of recessions – most recessions are  caused  by a complex combination of factors, including high interest rates, low consumer confidence, and stagnant wages or reduced real income in the labor market. Other examples of  recession  causes include bank runs and asset bubbles.

Causes of a Recession: Demand vs. Supply

A demand-side shock could occur due to several factors, such as:

1. A financial crisis. If banks have a shortage of liquidity, they reduce lending and this reduces investment
2. A rise in interest rates  – increases the cost of borrowing and reduces demand
3. Fall in asset prices  – negative wealth effect leads to less spending 
4. Fall in real wages – e.g. inflation outstripping nominal wage increases
5. Fall in consumer/business confidence 
6. Fiscal austerity  – when government cuts spending
7. Trade war  –global economic downturn

Recessions can also be caused by the supply side:

1. Supply-side shock – e.g. rise in oil prices cause inflation and lower spending power
2. Black swan event  – this is an unexpected event that is very hard to predict. For example, COVID-19 which disrupts travel, supply chains and normal business activity; a pandemic affects both supply and demand. 

Every recession is different, and it happens for a different reason. If the cause and timing of recessions were always the same we would have set up the appropriate safeguards and, we would see it coming and therefore it would not have the impact that it usually does. 

While every recession is different and we are affected differently, there are three elements that are affected during every recession:

1. Employment  
2. Debt 
3. Investments 

Recessions Throughout Our Lives
Taking these elements into consideration, let’s now look at how recessions affect us in every phase of our lives:

15 Years Old

If a recession happens when you are 15 years old you might not even know it happened if both your parents were able to maintain full employment. If one of your parents suffered job loss you may have had mild exposure that to know a recession was taking place. If your family was hit especially hard your experience may have been as dramatic as losing your home and needing the support of a local food bank to survive. As a 15 year old your experience would be focused on dealing with the hardship but not figuring out a solution to your economic situation.  

25 Years Old 

• Unstable employment 
• You don’t own much – nothing to really lose 
• 12 month lease on an apartment 
• Financed car 
• No dependants 
• Can rely somewhat on your parents for support 

35 Years Old 

• More stable employment 
• You have things to lose 
• House 
• Car 
• You have dependants 
• If you have a spouse and you both don’t lose jobs 

45 Years Old 

• Very employable 
• Most expensive child raising years 
• Lots of debt 
• House 
• Cars 
• You have dependants 

55 Year Old 

• Less stable employment – you are an expensive employee 
• Less employable 
• Kids in college – expensive 
• Hopefully less debt maybe no debt 

65 Years Old 

• Employment is not an issue 
• No debt 
• No dependants 
• Very concerned with investment returns 
• Very concerned about real estate 

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4. Successful individuals have clear priorities.

Having clear, well-defined priorities is the fourth of twenty-five things that successful people do. In this 25-part series, we’re spinning our original inspiration “25 Things Poor People Do That Rich People Don’t” into a more constructive and positive narrative help to guide our future actions and decisions.

From 0:00 to 8:15, before we get into today’s episode, we:

• Define what “success” means in relation to this 25-part series
  
• Address feedback submitted by you. Do you have questions, future episode suggestions, or comments? Submit your question through email at livelifesimple365@gmail.com, though our Contact Submission Form, or by sending us a Facebook or Instagram message.

Now, let’s get into today’s show.

Beginning at 8:15, we:

• Highlight the original narrative centred around having flawed priorities, “We all have priorities. People choose what to do with their time based on their priority. Poor people prioritize based on emotion and what comes easier to them; whereas rich people prioritize based on what’s more important.” During this episode, we flip that narrative from the danger of having flawed priorities to the benefit of having clear priorities.
  
• Define what a priority is and underscore the importance of focusing on a single priority at any given moment
  
• Highlight the difference between priorities versus tasks
  • Well defined priorities will be broken down into tasks which should be clearly stated sequentially with well defined timelines

• Exam the relationship of Goals – Values – Priorities – Tasks and how these cohesively work together to build a triangle, with goals situated at the top and tasks making up the base
  • Example: 
    • Goal – financial independence early in life 
    • Value – used cars 
    • Priorities – when buying used cars you need to be proactive  
    • Tasks – a used car buying checklist 

• Look at the Pareto Principle
  • The 80/20 rule — which says that 20% of your efforts tend to produce 80% of your results

Why you need to set priorities:  

1. To assess what is truly important 
2. To avoid experiencing a false sense of accomplishment 
3. To avoid gravitating towards the easy tasks rather than important priorities 
4. To ensure we avoid procrastinating on things without imposed deadlines 

The Eisenhower Matrix – Urgent/Important 

1. Urgent and important 
2. Urgent but not important
3. Not urgent but important 
4. Not urgent nor important 

Priority Considerations: 

1. Ensure your priority is in line with your goals – it doesn’t matter how efficient and effective you are each day if you’re working towards the wrong goal
2. Be aware of the sunk cost fallacy – if the urgency has changed so has your priority 
3. Schedule your most important priorities during your most productive hours 

Do you have feedback that relates to any of the ideas featured below from a past or future episode? Connect with us through email at livelifesimple365@gmail.com or through our Contact Submission Form.

25 Things Poor People Do That the Rich Don’t Do – Positive: 25 Things Successful People Do

1. They don’t understand the game – Positive: They understand basic economics 

2. Lack of a Value System – Positive: They have a well-developed value system 

3. No Birth Control – Positive: They engage in family planning

4. Flawed Priorities – Positive: They have clear priorities 

5. Lack of Effective Time Management – Positive: They have effective time management 

6. They lack motivation – Positive: They are motivated

7. They don’t work for money – Positive: They understand the difference between work and a job

8. Lack of Strategic Investment – Positive: They are strategic with investments

9.  Running without a Budget – Positive: They prioritize budgeting 

10. They rely on will power – Positive: They understand discipline

11. Lack of Self Development – Positive: They embrace continuous improvement

12. Not Taking Calculated Risk – Positive: They understand the risk reward trade off

13. Always Playing the Blame Game – Positive: They own their actions

14. Bad Saving Culture – Positive: They make saving a way of life

15. Nonchalant Attitude towards their Health – Positive: They prioritize their health 

16. Keeping the Wrong Company – Positive: They surround themselves with quality people

17. They Watch Too Much Television – Positive: They understand the value of down time

18. Turn Pursue Opportunities – Positive: They see opportunities where others don’t

19. They Don’t Bank on Wishes and Luck – Positive: They understand that good fortune is usually earned

20. Giving Room for Pessimism – Positive: They are critical thinkers

21. Lack of Vision – Positive: They have vision to see what could be

22. Lack of Focus – Positive: They can prioritize effectively

23. They give up too quickly – Positive: They understand passion is pushing through the hard parts 

24. They are Master Procrastinator – Positive: They do what they can when they can

25. They are afraid of change – Positive: They understand change equals growth 

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3. Successful individuals engage in family planning.

Engaging in family planning is the third of twenty-five things that successful people do. In this 25-part series, we’re spinning our original inspiration “5 Things Poor People Do That the Rich Don’t Do” into something more constructive, positive, and inspirational to guide our future actions and decisions.

In this episode we discuss:

• The importance of creating a family legacy or following a previously established family legacy

• Busting child raising cost myths: 
  • You can let life just happen to you 
  • “How” is not as important as the “why” – the necessity of supporting and providing for your children quickly becomes the mother of invention 
  • Ensure you are doing things for your children versus doing things because of your children 
  • The reality behind waiting until you can afford to have children 
  • Putting a cost around raising children (note: Canadian research shows that this cost ranges between $10k – $15k per year) 

• The cost considerations of having children: 
  • Daycare versus a stay at home parent 
  • Accommodations 
  • Transportation 
  • Food and hygiene 
  • Education and life experiences 
  • Miscellaneous – thinking about things beyond yourself (such as life insurance)

The content within this episode was also guided by a listener write-in from a new parent, who posed great questions that we address:

• What changes should we be making prior to becoming a parent, and what should stay the same?
• What’s a rough outline of changes in expenses as children grow up?
• What hidden or surprise expenses should we be planning for that we might not have thought of yet? 
• What are some realizations or discoveries as a new parent?

Do you have feedback that relates to any of the ideas featured below from a past episode or an episode to come? Connect with us through email at livelifesimple365@gmail.com or through our Contact Submission Form.

25 Things Poor People Do That the Rich Don’t Do – Positive: 25 Things Successful People Do

1. They don’t understand the game – Positive: They understand basic economics 

2. Lack of a Value System – Positive: They have a well-developed value system 

3. No Birth Control – Positive: They engage in family planning

4. Flawed Priorities – Positive: They have clear priorities 

5. Lack of Effective Time Management – Positive: They have effective time management 

6. They lack motivation – Positive: They are motivated

7. They don’t work for money – Positive: They understand the difference between work and job

8. Lack of Strategic Investment – Positive: They are Strategic with Investment

9.  Running without a Budget – Positive: They prioritize budgeting 

10. They rely on will power – Positive: They understand discipline

11. Lack of Self Development – Positive: They embrace continuous improvement

12. Not Taking Calculated Risk – Positive: They understand risk reward trade off

13. Always Playing the Blame Game – Positive: They own their actions

14. Bad Saving Culture – Positive: Saving is a way of life

15. Nonchalant Attitude towards their Health – Positive: They prioritize their health 

16. Keeping the Wrong Company – Positive: Surround themselves with quality people

17. They Watch Too Much Television – Positive: Understand the value of down time

18. Turn Pursue Opportunities – Positive: See opportunities where others don’t

19. They Don’t Bank on Wishes and Luck – Positive: Understand that Good fortune is usually earned

20. Giving Room for Pessimism – Positive: They are Critical Thinkers

21. Lack of Vision – Positive: They have vision to see what could be

22. Lack of Focus – Positive: Can Prioritize Effectively

23. They give up too quickly – Positive: They understand passion is pushing through the hard parts 

24. They are Master Procrastinator – Positive: They do what they can when they can

25. They are afraid of change – Positive: They Understand Change Equals Growth 

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2. Successful people have a well-developed value system.

In this episode we discuss:

• What a value system represents:
  • Pre-made decisions (and decisions that you’ll never have to make again)
  • An opportunity to never be a victim of temptation
  • Something that should evolve as you go though life
  • An opportunity to ensure that all of your pre-made decisions become aligned with your life goals

• Why having a value system is crucial

• Some examples of Trevor’s personal values:
  • Always purchase used cars
  • Never dine out for hunger
  • Buy thrifted clothes
  • When in doubt, minimalism comes first
  • Does not take advantage of warranties
  • Opts against contracts when possible

Having a well developed value system is the second of twenty-five things that successful people do. In this 25-part series, we’re spinning our original inspiration “5 Things Poor People Do That the Rich Don’t Do” into something more constructive, positive, and inspirational to guide our future actions and decisions.

Do you have feedback that relates to any of the ideas featured below from a past episode or an episode to come? Connect with us through email at livelifesimple365@gmail.com or through our Contact Submission Form.

25 Things Poor People Do That the Rich Don’t Do – Positive: 25 Things Successful People Do

1. They don’t understand the game – Positive: They understand basic economics 

2. Lack of a Value System – Positive: They have a well-developed value system 

3. No Birth Control – Positive: They engage in family planning

4. Flawed Priorities – Positive: They have clear priorities 

5. Lack of Effective Time Management – Positive: They have effective time management 

6. They lack motivation – Positive: They are motivated

7. They don’t work for money – Positive: They understand the difference between work and job

8. Lack of Strategic Investment – Positive: They are Strategic with Investment

9.  Running without a Budget – Positive: They prioritize budgeting 

10. They rely on will power – Positive: They understand discipline

11. Lack of Self Development – Positive: They embrace continuous improvement

12. Not Taking Calculated Risk – Positive: They understand risk reward trade off

13. Always Playing the Blame Game – Positive: They own their actions

14. Bad Saving Culture – Positive: Saving is a way of life

15. Nonchalant Attitude towards their Health – Positive: They prioritize their health 

16. Keeping the Wrong Company – Positive: Surround themselves with quality people

17. They Watch Too Much Television – Positive: Understand the value of down time

18. Turn Pursue Opportunities – Positive: See opportunities where others don’t

19. They Don’t Bank on Wishes and Luck – Positive: Understand that Good fortune is usually earned

20. Giving Room for Pessimism – Positive: They are Critical Thinkers

21. Lack of Vision – Positive: They have vision to see what could be

22. Lack of Focus – Positive: Can Prioritize Effectively

23. They give up too quickly – Positive: They understand passion is pushing through the hard parts 

24. They are Master Procrastinator – Positive: They do what they can when they can

25. They are afraid of change – Positive: They Understand Change Equals Growth 

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1. Do you understand the game?

What is the game? The game of numbers. Poor people are quick to complain about why the entertainers earn so much money whereas a hardworking school teacher goes home with miserable pay. What they don’t understand is that wealth is attracted to numbers. Your earning is directly proportional to the number of people you efficiently serve in the society, directly or indirectly.

• Helping people gets noticed
• Supply and demand – see needs that are not being filled
• Solving problems rather than doing tasks – continuous improvement
• Doing important work rather than urgent work – requires good planning
• Adding value rather than putting in time – work you job like a business

25 Things Poor People Do That the Rich Don’t Do – Positive: 25 Things Successful People Do

1. They don’t understand the game – Positive: They understand basic economics
2. Lack of a Value System – Positive: They have a well-developed value system
3. No Birth Control – Positive: They engage in family
4. Flawed Priorities – Positive: They have clear priorities
5. Lack of Effective Time Management – Positive: They have effective time management
6. They lack motivation – Positive: They are motivated
7. They don’t work for money – Positive: They understand the difference between work and job
8. Lack of Strategic Investment – Positive: They are Strategic with Investment
9. Running without a Budget – Positive: They prioritize budgeting
10. They rely on will power – Positive: They understand discipline
11. Lack of Self Development – Positive: They embrace continuous improvement
12. Not Taking Calculated Risk – Positive: They understand risk reward trade off
13. Always Playing the Blame Game – Positive: They own their actions
14. Bad Saving Culture – Positive: Saving is a way of life
15. Nonchalant Attitude towards their Health – Positive: They prioritize their health
16. Keeping the Wrong Company – Positive: Surround themselves with quality people
17. They Watch Too Much Television – Positive: Understand the value of down time
18. Turn Pursue Opportunities – Positive: See opportunities where others don’t
19. They Don’t Bank on Wishes and Luck – Positive: Understand that Good fortune is usually earned
20. Giving Room for Pessimism – Positive: They are Critical Thinkers
21. Lack of Vision – Positive: They have vision to see what could be
22. Lack of Focus – Positive: Can Prioritize Effectively
23. They give up too quickly – Positive: They understand passion is pushing through the hard parts
24. They are Master Procrastinator – Positive: They do what they can when they can
25. They are afraid of change – Positive: They Understand Change Equals Growth

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Afterschoolaferica.com 25 Things That Successful People Do  // Poor People do that Rich People Don’t

Introduction Episode

• Introduce the 25 concepts
• Listener experience
• Spinning the narrative – what you are rather then what you’re not
• Pursue things that challenge your current beliefs
• Being honest with yourself – what you are doing and what you really want
• The two lotteries in life that we all play – we all start from a different place
• Improving on your strengths rather than focusing on your weaknesses
• What is True poverty

25 Things Poor People Do That the Rich Don’t Do – Positive: 25 Things Successful People Do

1. They don’t understand the game – Positive: They understand basic economics
2. Lack of a Value System – Positive: They have a well-developed value system
3. No Birth Control – Positive: They engage in family
4. Flawed Priorities – Positive: They have clear priorities
5. Lack of Effective Time Management – Positive: They have effective time management
6. They lack motivation – Positive: They are motivated
7. They don’t work for money – Positive: They understand the difference between work and job
8. Lack of Strategic Investment – Positive: They are Strategic with Investment
9. Running without a Budget – Positive: They prioritize budgeting
10. They rely on will power – Positive: They understand discipline
11. Lack of Self Development – Positive: They embrace continuous improvement
12. Not Taking Calculated Risk – Positive: They understand risk reward trade off
13. Always Playing the Blame Game – Positive: They own their actions
14. Bad Saving Culture – Positive: Saving is a way of life
15. Nonchalant Attitude towards their Health – Positive: They prioritize their health
16. Keeping the Wrong Company – Positive: Surround themselves with quality people
17. They Watch Too Much Television – Positive: Understand the value of down time
18. Turn Pursue Opportunities – Positive: See opportunities where others don’t
19. They Don’t Bank on Wishes and Luck – Positive: Understand that Good fortune is usually earned
20. Giving Room for Pessimism – Positive: They are Critical Thinkers
21. Lack of Vision – Positive: They have vision to see what could be
22. Lack of Focus – Positive: Can Prioritize Effectively
23. They give up too quickly – Positive: They understand passion is pushing through the hard parts
24. They are Master Procrastinator – Positive: They do what they can when they can
25. 25. They are afraid of change – Positive: They Understand Change Equals Growth

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How school can set you up for failure

Once upon a time

If you remember your time back in post secondary school how you were sold the idea that if you get this diploma or degree the world would be waiting for you at the other end.

Ways that we’re sold this

1. In high school with limited knowledge of future careers
2. In post-secondary with a very reductionist mindset (this is what your education will lead to with very specialized programs)
3. In post-secondary with networking events 
4. Assignments make you feel like you’re solving real problems

And everyday

So you worked really hard and got good grades with the belief that the system would deliver what it was promising

Until one day

Upon graduating you realize that getting a good paying job is more of a challenge then you thought. You could get a job that was maybe somewhat close to your field of study but not with a liveable wage or you could get a job but not in your field of study.

Why we hesitate to work in a career that deviates from the education we received

1. We feel like we failed 
2. We feel like we’re off track

And because of this 

So you decided that more education was the missing piece so you borrowed more money and picked up a masters degree which you thought would solve the problem

Reasons why we feel education is the answer:

1. It’s easy – throwing money at problems is always easy
2. It delays the inevitable
3. It feels like progress 
4. We’ve always been told “education can’t hurt”

And because of this

Now with student debt heaped on top of student debt you just need a job to deal with solving that problem.

Until finally

You realize that the job market values work experience more than education, and for good reason. My educational credentials represent the price of admission to the interview. You now focus on how to get job and life experience that the job market will value. You now know that your education was the foundation on which your marketable skills can the developed on. 

How do you know if you’re going down the right road?

When you’re facing a fork in the road and you choose education (what is actually the easy path whether it looks that way or not) and you go down that fork for too long and turns out you should have went down the other path (entering the job market) and taken the lower levels jobs but you’re already so far down the education road. If you took the education road, just like hiking down the wrong trail, you’ll have to come all the way back to the fork, so therefore it’s important not to go down the wrong fork for too long. 

It’s also important to ask people who are where you want to be how they got there. If you found out that that person got to where they are by piling education on top of education then go that route, but if you talk to the individual who is where you want to be, and they got there through job experience and taking opportunities then that’s where it’s all about; it’s worth checking in with people who are where you want to be. 

Ever since that day

You realize that there is no easy path or secret formula, although some people are lucky and happen to be in the right place at the right time. However, for most people, it is all about putting in the time and paying your dues to learn from people in your industry who have been where you are. It is about moving forward and gaining as much real world knowledge and experience that you can by doing more than is asked of you and working hard even when no one is watching. The most important takeaway here is life is not a straight line. Don’t follow the money follow the opportunities.

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Warranties

Introduction: A warranty is a legally binding commitment forming part of the sales contract which assures the buyer that the product or service is free from defects. A warranty often provides for a specific remedy such as repair or replacement in the event the article or service fails to meet the warranty.

– The difference between insurance and warranties

– Apple Care

– Why avoid warranties

– The concept of being self insured

– The pricing model for warranties

– How to reason you way out of a warranty with basic math skills

How are warranties marketed?

1. Basic manufacturing  warranty – Supposed to be company standing behind a product that a company believes in but in reality they are just protecting their brand
2. Limited warranty (seen with everything) – generally cover nothing, usually just manufacturing defects which shouldn’t exist anyway, you think you’re getting something 
3. 30-day money back guarantee – this is the best warranty you can ever be offered (protects the seller/retailers and protects them against the buyer) 
4. Extended warranty – worst warranty, something you actually have to pay for
5. Imposed warranties – Ontario New Home Warranty Program, administered by Tarion 

Buying extended warranties

1. Warranty economics
   • If a consumer was always winning the warranty company would go out of business 
2. Valuing the warranty instead of the product
3. Extended warranty statistics
   • Warranties statistically cover the period of time with the least amount of risk or the most reliable time period of the product you’re buying

What do warranties actually represent?

1. You potentially buying something you can’t afford to replace or repair
2. Something you hope to never use – Don’t buy things you can’t afford to replace – own things don’t let things own you
3. Artificial sense of security
4. When you buy a warranty you are just moving problems into other buckets
5. In the case of purchase extended warranty, prepaid repairs

If you bought a car and purchased the 3 year $2,800 extended warranty.

• If you needed $1,000 of repairs over the 3 years would the warranty have been a good idea? No you would be down $1,500.
• If you needed $2,800 of repairs over the 3 years would the warranty have been worth it? No you risked $2,500 over 3 years to save $300.
• If you needed $3,000 of repairs over the 3 years would the warranty have been worth it? No, you bough a car that need $3,000 worth of repairs that is a very bad car

Problem: Do warranties really fill this need or are they marketed as something else. Warranties move buckets of worry from what if this thing fails can I afford to fix it to I hope what ever goes wrong with this thing it is covered under the warranty which is really just the prepayment of future repairs.

Problem: The economics of warranties. If a warranty company sold 100 people a $1,500 warranty which covered a bumper to bumper defects for 2 years on their car the warranty company would have collected $150,000. If half of the car owners claimed $1,500 worth of repairs

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Hobbies

Hobbies are more important than you think, this can often fill the gaps left between our life responsibilities and job responsibilities.

Hobby risk – chasing a new hobby every couple of months, when investigating a hobby try to identify the challenges of the hobby and try to determine if those are challenges or problems you enjoy solving.

You should have a minimum of three hobbies

1. A hobby that exercises your body
2. A hobby that exercises your mind
3. A hobby that exercises your soul

Hobby perspectives:

1. Beware of the hobby inside the hobby – sometimes you think you have a hobby that is an activity but you actually have a hobby of accumulating the equipment and supplies of a hobby.
2. Hobbies 10 feet deep rather than 10 feet wide.
3. Hobbies that are intertwined, pursue a hobby that leads to another hobby.

Hobby Considerations:

1. Most hobbies can be test driven without much expense
2. The more equipment/supplies you add to a hobby the more complexity you introduce
3. You need to be realistic given your time constraints
4. The more specific your interest the more engaged you will be
5. A hobby should involve challenge, this is what will sustain interest

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Accepting the lifestyle your income delivers 

Life is full of choices, where you live, how you live, where you work, how you work 

You can choose a lifestyle and then try to acquire an income level to support it or you can choose a career and then discover a lifestyle that that career will support. 

Life stress vs job stress 

If you had to guess which is more stressful — choosing a lifestyle then acquiring an income or choosing a career and then discover a lifestyle — the reality is that both have their own stressors.  

Choosing a lifestyle first: 

(Lifestyle can be defined as an expensive truck, boat, cottage, and yearly trips or cash flowing your children through post secondary and reaching early financial independence) 

1. Prioritize where you live over what you do 
2. You limit your career options 
3. Most likely unfulfilling working life 
4. May experience more job stress 
5. Income replacement may become more challenging  

Choosing a career first: 

1. Prioritize what you do over where you live 
2. Flexibility in employment opportunities  
3. Most likely very fulfilling working life 
4. May experience more life stress 
5. Sometimes a lower earning potential  

Can you have both? 

Neither of these are wrong, just don’t try to do both you will be chasing a solution for most of your life.  

• Common thread among both:  
  • The requirement to make concessions or sacrifices, be okay with that 
  • Accept the lifestyle that the income delivers  

Why may one appear more stressful? 

1. One is notably more important to you — prioritize family etc.  
2. Society and relational influences  
3. You might not have considered the nuances of prioritizing one over the other  

What if you want to choose lifestyle first (and want the perks that come along with that) but are having a challenging time digesting the type of career, job, or industry that is required in order to finance prioritizing lifestyle over career? Does that mean you simply don’t want it badly enough? Tips.  

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