Business
No one could predict how much of an impact the coronavirus would have on the market, but it’s been a rough month for everyone. Nikki will share her thoughts on this unprecedented time and talk about the conversations they’re having around the office. With all the speculation and uncertainty, now is a great time to revisit the financial truths that should be guiding your financial planning. Read more and get additional resources here: https://www.moneyandclarity.com/2020/03/ep-153-coronavirus-and-solid-financial-truths/ Today's rundown: 0:53 – It’s an unprecedented time in the world right now. 2:45 – The economic side of the Coronavirus has already had a huge impact on many people. 4:34 – Everything has happened so quickly and unexpectedly. 6:36 – What conversations are happening in the office right now with clients? 9:53 – Let’s shift to our main conversation on solid financial truths. 10:38 – The first truth: TV can be our biggest enemy. 13:46 – The second truth: You rarely make good financial decisions when you act emotionally. 16:53 – The third truth: The market always moves in cycles. 18:40 – The fourth truth: You aren’t as risk tolerant as you think you are. 20:43 – The fifth truth: There’s no magic bullet. 22:53 – Nikki shares a message to listeners regarding the current state of the market.