#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.

Episoder(1159)

How to Have the Conversations You’ve Been Avoiding

How to Have the Conversations You’ve Been Avoiding

The awkward silence at work when everyone knows a project is going off the rails.The simmering resentment in a marriage over an issue neither spouse will confront.The dysfunction in a church where cer...

17 Feb 48min

Ecclesiastes on Enjoying Our Weirdly Unsatisfying Lives

Ecclesiastes on Enjoying Our Weirdly Unsatisfying Lives

Of all the books in the Bible, Ecclesiastes is arguably the most philosophical. Dark, experiential, existential, and unsparingly honest about the human condition, it wrestles with work, money, ambitio...

10 Feb 55min

How to Help Disengaged Young Men Reclaim Drive and Direction

How to Help Disengaged Young Men Reclaim Drive and Direction

Not long ago, the primary concern people had about boys was that they were wild, impulsive, and out of control — getting into fights, pushing limits, and stirring up trouble. Today, the problem has fl...

3 Feb 44min

The Click Effect — Inside the Science and Magic of Social Chemistry

The Click Effect — Inside the Science and Magic of Social Chemistry

We’ve all had that feeling — you meet someone new, and the conversation just flows. You’re in sync. You click. But what’s really happening when that magic occurs?My guest today is journalist Kate Murp...

27 Jan 54min

How Football Took Over America — and Could Collapse

How Football Took Over America — and Could Collapse

American football is so big — so braided into our weekends, our language, and our culture — that it can be hard to see it clearly as a whole.In his new book, Football, Chuck Klosterman helps us see th...

20 Jan 57min

Money and Meaning — What Faith Traditions Teach Us About Personal Finance

Money and Meaning — What Faith Traditions Teach Us About Personal Finance

We usually think of money as something very practical, concrete, and secular; we earn it, save it, spend it, and crunch the numbers behind it. But money is never just about money: it reflects our valu...

13 Jan 45min

Strong, Conditioned, and Ready for Anything — How to Become a Hybrid Athlete

Strong, Conditioned, and Ready for Anything — How to Become a Hybrid Athlete

For decades, fitness culture has tended to break people into two categories: you’re either a strength guy or an endurance guy. You lift heavy or run far — but not both.But my guest today says you don'...

6 Jan 59min

How to Use Probability Hacking to Achieve Your Goals

How to Use Probability Hacking to Achieve Your Goals

Most of us chase goals — starting a business, running a marathon, getting a promotion — without ever asking: What are the actual odds this will work?My guest today says those odds aren’t just graspabl...

30 Des 202550min

Populært innen Fakta

fastlegen
dine-penger-pengeradet
mikkels-paskenotter
relasjonspodden-med-dora-thorhallsdottir-kjersti-idem
rss-strid-de-norske-borgerkrigene
treningspodden
foreldreradet
jakt-og-fiskepodden
rss-bisarr-historie
rss-kunsten-a-leve
takk-og-lov-med-anine-kierulf
rss-kull
sinnsyn
gravid-uke-for-uke
hagespiren-podcast
tomprat-med-gunnar-tjomlid
rss-sunn-okonomi
hverdagspsyken
rss-bak-luftfarten
fryktlos