The value of climbing Everest with Alan Mallory

Published: July 31, 2020, 10 a.m.

Guest host Jon Vasallo, Sales Director at Ratehub.ca and general manager of MoneySense magazine interviews Alan Mallory

Alan is a performance coach, international speaker, including TedX, and published author of the book, “The family that conquered Everest”.  In 2008, Alan, with his brother, sister, and father went on an expedition to the top of the world’s highest peak. They became the first family of four to set foot on the summit. A 2 month emotion-filled terrifying experience across ladders spanning bottomless crevasses, near death experiences, unparalleled physical and mental challenges. 

[0:00 - 1:25] Intro

[1:26 - 4:30] Money mistakes

[4:31 - 6:09] How did your dad convince you to climb Everest?

[6:10 -  7:39] How do you go about accomplishing goals?

[7:40 -  10:07] How did you turn the decision to climb Everest into preparation and planning? 

[10:08 - 12:59] Climbing Everest cost you $160,000 - how did you finance the trip?

[13:00 - 14:45] Is there any special insurance that would cover someone climbing Everest?

[14:46 - 16:54] Once you got to the top, can you describe the feeling at the top of Everest?

[16:55 - 18:48] Everyone has their own Everest to overcome. What parallels would you draw between Everest and personal finance (e.g. retirement)

[18:49 - 21:34] What are some of the key lessons during and post climb? Was it worth the investment?

[21:35 -  26:14] How do you overcome the challenges of starting? How do you set a goal to accomplish the challenges you face?

[26:15 - 27:37] There’s an emotional return on your investment. Did you ever think about how you could make money from the climb? 

[27:38 - 31:29] You’ve turned climbing Everest into a career. Can you talk about that transition? What was the decision to monetize the experience? Take us to where you are now. 

[31:30 - 33:25] Any takeaways for our listeners to leverage learnings to carry with them as it relates to personal finance. 

[33:26 - 40:19]  Rapid Fire questions - What’s in your wallet? What book do you think everyone should read? Where do you spend most of your money each week? If you had one tweet, what would it say? What is one of the best or most worthwhile investments you’ve ever made? (Could be an investment of money, time, energy, etc.) What’s your number - to live independently wealthy and life on your own terms? How can people get in touch with you? What’s the title of the book?

[40:20 - 45:12] The Knowledge bank - What is a balance transfer and what are the advantages? 

https://www.ratehub.ca/blog/best-balance-transfer-credit-cards-in-canada-2/

[45:13 - 46:04] Outro