168: The Incredible Way One Couple Overcame Losing $1,000,000

In this episode, we’re bringing those of you who may be suffering financially a ray of hope.

When more than a million dollars disappears from your business - and, subsequently, your net worth - how do you find the courage and resilience to begin the emotional and financial journey to recovery?

Today’s guest is Ivy Slater. Ivy is an entrepreneur, best-selling author, speaker, podcaster, and certified business coach. Before she founded Slater Success, she operated a successful printing business for over 20 years in New York City.

Ivy had to learn hard financial lessons when she and her husband discovered a massive financial tragedy had occurred. She and her husband had to find a way to deal with their grief and anger while navigating an unrelenting set of financial commitments. While their story isn’t without missteps, ultimately they’ve set their recovery in motion in a way they can now be proud of.

If you find yourself at a financial crossroads, making virtuous and productive choices can feel futile, after all, the bank balances don’t rise automatically or immediately. Rewinding the clock on your financial planning by 20 years takes gumption, and it takes time to see the results of your hard work. Ivy’s is another of the stories we highlight on Profit Boss® Radio to show you that it does make a difference to make the right moves and start planning and building.

Today, I’m sharing parts of my conversation with Ivy about the intimate, difficult, and emotional process of losing everything and starting over - and how she and her husband exemplified my 7 Steps to Wealth framework as they courageously rebuilt their lives, survived serious financial trauma, and stayed together as a family.

Here’s what you’ll find out in this week’s episode of Profit Boss® Radio:

• What happened when Ivy and her husband discovered that over a million dollars went missing - and how they created an action plan to start rebuilding.
• How Ivy talked to her kids about their serious money problems - and how she paid to put two kids through college, including one year where she needed to cover $100,000 in tuition expenses!
• Why accepting responsibility and committing to each other helped keep Ivy’s marriage alive at the toughest times.
• How navigating this loss helped Ivy prioritize herself, become a better leader, find joy, and pay it forward.

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Show Notes

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Hendershott Wealth Management, LLC and Love, your Money do not make specific investment recommendations on Love, your Money or in any public media. Any specific mentions of funds or investments are strictly for illustrative purposes only and should not be taken as investment advice or acted upon by individual investors. The opinions expressed in this episode are those of Hilary Hendershott, CFP®, MBA.