Lesson 3.1: Self Determination and the Stockdale Paradox, with Rachel Shadoan

“You must combine optimism with brutal honesty and a willingness to take action.” - Admiral James Stockdale Many people don't pay attention to their personal finances because they don't want to participate in capitalism. But there is no not-participating. In this Rachel Shadoan talks about the idea that you don't have any excuse for being bad at money. Ignoring your finances doesn't hurt anyone but you and the people who care about you. So much of financial freedom is being honest with the facts of your life, and then having the vision, desire, and plan to get to what you want. To put it another way, Jungian therapist James Hollis describes becoming an adult as (1) knowing what you want and (2) knowing how to do it. Easy to say, very few will do it.