#605: The Money Moves You Should Make Right Now

#605: The Money Moves You Should Make Right Now

The shutdowns that have accompanied the COVID-19 pandemic have wreaked havoc on the global economy. Millions of people are out of work, businesses are cratering, and the stock market has tanked. Whether you've been hard hit by these effects or are so far weathering the storm yet feel uncertain about your future, what financial moves should you be making right now? To get some insight, I brought back personal finance expert Ramit Sethi, author of the book I Will Teach You To Be Rich. Since the pandemic started, Ramit has been hosting "fireside chats" on his Instagram account where he covers a financial topic pertinent to the pandemic, as well as answers questions from his community of followers.

Today we discuss some of the ideas Ramit's been hitting on during these chats as well as the common financial questions he's been fielding. I begin our conversation by asking Ramit why he tells people they shouldn't panic, but should overreact. We then dig into Ramit's advice for people who fall into different categories as to how the pandemic has affected them, beginning with survival strategies for those who are out of a job altogether. Ramit then shares the money moves people who do still have income coming in should make and why he's changed his tune on how much of an emergency fund you should have. We then discuss why now is a good time to find ways to earn more money and what investing should look like during an economic slump. We end our conversation with Ramit's advice on how to look for a job during a pandemic and what small businesses can do to adapt to the current climate.

Get the show notes at aom.is/pandemicfinances.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Jaksot(1159)

Escape the Happiness Trap

Escape the Happiness Trap

Note: This is a rebroadcast. Happiness is the subject of thousands of articles, podcasts, and scientific studies. Yet all this focus on happiness doesn’t seem to be making people any happier. In fact,...

23 Joulu 202551min

The Idea Machine — How Books Changed the World (and Still Matter)

The Idea Machine — How Books Changed the World (and Still Matter)

Books are everywhere. They're so common, they're easy to take for granted. But my guest argues that they’re worth fully appreciating — because the book isn’t just a container for content; it’s a revol...

16 Joulu 202555min

Why You Don’t Follow Through on Your Health Goals — and How to Fix It

Why You Don’t Follow Through on Your Health Goals — and How to Fix It

Most of us know what we should do to be healthier: eat better, move more, sleep well. The real challenge? Actually following through.On today’s show, I talk to behavioral psychologist Amantha Imber, a...

9 Joulu 202551min

Masculinity as Confident Competence

Masculinity as Confident Competence

There’s a lot of debate these days about what it means to be a man. But maybe the answer is simpler than we think, and a lot of masculinity just comes down to confident competence. A broad set of know...

2 Joulu 202549min

A Butler’s Guide to Managing Your Household

A Butler’s Guide to Managing Your Household

Note: This is a rebroadcast. It’s a tough job to manage a household. Things need to be regularly fixed, maintained, and cleaned. How do you stay on top of these tasks in order to keep your home in tip...

25 Marras 202549min

How the World Wars Shaped J.R.R. Tolkien and C.S. Lewis

How the World Wars Shaped J.R.R. Tolkien and C.S. Lewis

When people think of J.R.R. Tolkien and C.S. Lewis, they often picture tweedy Oxford professors and beloved fantasy authors. But their writing wasn't drawn only from their bucolic days teaching at Oxf...

18 Marras 202556min

Family Culture and the Sibling Effect — What Really Shapes Who You Become

Family Culture and the Sibling Effect — What Really Shapes Who You Become

When we think about what shaped our life trajectory, we often focus on the way our parents raised us. But what about our siblings? What role do they play in who we become?My guest today makes the case...

11 Marras 202541min

Hercules at the Crossroads — Choosing the Hard Path That Leads to a Good Life

Hercules at the Crossroads — Choosing the Hard Path That Leads to a Good Life

In a story from ancient Greek philosophy, Hercules faces a choice between two paths: one promising pleasure and ease; the other, hardship and struggle — but also growth and greatness. According to tod...

4 Marras 202558min

Suosittua kategoriassa Koulutus

rss-murhan-anatomia
voi-hyvin-meditaatiot-2
psykopodiaa-podcast
rss-narsisti
rss-liian-kuuma-peruna
adhd-podi
rss-rahamania
rss-niinku-asia-on
psykologia
rss-tietoinen-yhteys-podcast-2
puhutaan-koiraa
kesken
rss-psykalab
rss-valo-minussa-2
rss-duodecim-lehti
rss-vapaudu-voimaasi
rss-rentotapaus
rss-lasnaolon-hetkia-mindfulness-tutuksi
rss-luonnollinen-synnytys-podcast
rss-hereilla