Have you heard that there is a new normal and thought “I don’t know what that is”? Do you need help to become financially resilient?
Episode Description: Living our best life generally involves dreaming, goal setting, and planning; and when this doesn’t work, revamping what we planned to do or simply just going in another direction. Whether you are an LLC or work for a corporation or a non-profit, "business as usual" does not exist anymore. We have seen remarkable - read: terrible or unbelievable - shattering of people’s lives this past 18 months. Others were also impacted, perhaps to a lesser degree, but because of what had occurred, decided they needed to rethink how they earned their livelihood and dreams.
There are three distinct time frames to consider:
Pre-Pandemic: one-third of American families did not have enough rainy day funds set aside.
Pandemic: this was a major financial shock for even the college-educated. Add to this fact, that the median net worth in the country is $29K, excluding any home equity.
Post-Pandemic: Wait, are we there yet? Is this the new normal? Life still doesn’t resemble pre-pandemic.
This means:
o It's time to become financially resilient; start investing earlier!
o There will be long-term effects on careers
o As yet unknown, there may be long term effects of children learning from home
Lean in and listen to this podcast to learn what you can do to reduce your financial vulnerability and become more resilient in this New World Order, which is still evolving. We don't yet know what's around the corner so be nimble. Adapt. Thrive.
