It's time to minimize worry and scarcity and instead focus on making moves today that will help you ... [+] navigate this chaos while being able to be a leader for others.
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I thought it could start as early as 2018 and declared it would be no later than 2020, but I had no idea about COVID-19 and just how severely it would hit. Now the conclusion from most is that it's inevitable and the Fed is worried about a depression.
Our goal in this first step is to build an automated system to create cash. To do that, I want you to automate your savings and be deliberate with your investing. Let's start with your savings: you want it to be available, assessable and unaffected by the market. Your savings might not make money. It is about creating peace of mind, staying power and ensuring you'll have the cash to capitalize on the opportunities that present themselves.
In case you are keeping track:
Fear of Rejection Is Costing You Money - The New York Times
Rejection is an experience I'm quite familiar with. As a freelance writer, sending pitches and being told "no" — if I'm lucky enough to get a response at all — is part of my daily routine. This past holiday season, I received one rejection the day after Christmas and two more the day after New Year's Day. Happy holidays to me, right?
Perhaps this is why the concept of rejection is often on my mind, especially when it comes to finding reasons to embrace it . It seems the start of a new month, or a motivational speech on the upsides of rejection, can give us the drive to finally apply for a better-paying job or pitch a new business idea.
Best ways to protect your money during these uncertain times
People all across the country are wanting to know how the COVID-19 virus will affect their finances. Here are some of the top questions I'm getting about how to handle money during this trying time.
Focus on taking care of the Four Walls. I'm talking about the absolute necessities — food, shelter, utilities, and transportation.
Absolutely not! The stock market is like a roller-coaster, and you don't jump off a roller-coaster in the middle of the ride.
Money being raised to paint murals at animal shelter | News | greensboro.com
And here's another article:
5 signs you're keeping your money in the right places
However, the right places are different for everyone. If you're keeping your money in the right places for you, you'll have a clear understanding of where money should go when it comes in, know how it will grow there, and what you plan to do with it in the future.
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For most people, a full emergency fund looks like three to six months worth of expenses in a safe, accessible place like a high-yield savings account, depending on your personal needs. If you wanted even more security, you might consider grow your savings account to a full year's expenses.
5 ways to save money during a coronavirus lockdown - CNET
"When the car isn't being driven, there's hardly any risk," said Dan Karr, insurance industry watchdog and CEO and founder of ValChoice. "For insurance companies, the cost to insure goes down dramatically. There's no good reason for insurance companies to be collecting and keeping this money when the risk is reduced."
Contact your insurance company or visit its website to see if you can make the adjustment yourself. How much you'll save will depend on a variety of factors, and you'll have to switch back once you start going into the office again.
3 Stocks That'll Turn Your $1,200 Stimulus Check Into a Money Machine | The
With some pundits projecting that the U.S. unemployment rate could spike to 30%, lawmakers wasted little time passing the largest stimulus package in history to prop up the economy and provide for in-need workers.
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As you might expect, the danger of smoking tobacco products has made it incrementally harder for tobacco companies to operate in developed markets. However, Philip Morris has its retail footprint in more than 180 countries around the world -- and the increasingly restrictive U.S. is not one of them.
Coronavirus relief package not likely to provide ill-prepared states money to deal with COVID-19
Two men walk past Brooks Brothers at Colony Park in Ridgeland, Miss., Friday, March 27, 2020. The store has been temporarily closed due to the coronavirus measures.
The cruel fact about state government is that when it is most needed it is in the least position to help.
When the economy turns bad or a disaster hits, and citizens of a state need the most help, the state normally will have less revenue to provide aid. When crises occur, state revenues normally drop. States normally depend on sales taxes on retail items and taxes on income – both of which normally take major hits during economic downturns. The sales tax and income tax make up about 70 percent of Mississippi's general fund revenue.
Happening on Twitter
We need to make it safe & easy for Americans to vote during #COVID19. My bill would expand #VoteByMail, extend earl… https://t.co/89QJUKcOtI amyklobuchar Fri Apr 03 20:48:27 +0000 2020
I love that Louis CK released his special now during all this so he'll make the most money possible, and I love how… https://t.co/yg82bhJ99j JoshDenny (from Los Angeles, CA) Sat Apr 04 20:23:13 +0000 2020
Has anyone from our media pointed out to Prime Minister Tax and Spend, that he inherited a balanced budget in 2015?… https://t.co/ypoBP563xR SenatorHousakos Mon Mar 30 19:20:27 +0000 2020
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