Financial Stress In The Time Of COVID

Living a remarkable life should be fun, but it takes work. This episode is on the more serious side. Money Amy returns (from episode seven) to address the financial distress that some listeners are experiencing due to the pandemic. Peter McGraw and Amy talk about tactics to get your financial house in order (and your house in order, more generally). A few things to be ready for: 1) you are going to need to dedicate some real time to figuring out your financial situation, 2) you will need to make sacrifices – in other words, you must learn to stop spending money on things that are not truly important, and 3) you may have to make big changes to your housing situation – maybe even get rid of your car. If you stick around to the end, Peter gives a few book recommendations and make a case for the opportunity to build a better financial future and to pivot your career and maybe start a side hustle that could become a new business.

Note: This episode was taped prior to the coronavirus pandemic. Yet it seems especially fitting as the pandemic is causing people to re-evaluate their lives.

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