FYF 013: Money Advice for Navigating a Financial Crisis with Donna Sowa Allard, CFP

Find Your Freedom

English - April 10, 2020 08:30 - 1 hour - 111 MB - ★★★★★ - 19 ratings
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Previous Episode: FYF 012: How to Become a Freelance Writer with Six-Figure Freelancer Miranda Marquit

Next Episode: FYF 014: How to Help Your Community During a Crisis with Angela Rozmyn

Wondering what to do with your money now that the market has tanked? Get advice from Donna Sowa Allard, a Certified Financial Planner (CFP), on what mistakes to avoid making right now and financial opportunities to explore during an economic downturn. Donna shares some fantastic insights into the current COVID19 economic situation, including the definitions of bull market, recession, and volatility, and how these terms apply to this financial crisis. You’ll get a deep understanding of the characteristics of the COVID financial crisis, why Donna feels encouraged by the actions of the federal reserve and Washington, and whether we can expect the market to rebound.

In this episode, we talk about:

Whether now is the right time to invest more What size emergency fund you should have Where you should be saving money for short term versus long term goals How this financial crisis is different than the 2008 recession How to manage your risk when retiring early during a financial crisis

If you need some professional money advice during this economic downturn, take a listen to this episode. If you enjoy it, please subscribe and share with a friend. Also, leave us a rating and review on Apple Podcasts, I’d really appreciate it.

Today’s sponsor is one-on-one coaching with Becky Blake from twentyfree.co and host of this podcast. As a money coach and lifestyle design expert, Becky helps people reach their biggest money goals, like paying off debt, building up savings and using their money to create their ideal life. She provides the proven tools to improve your finances, and accountability to make sure you take the action needed to change your life. Want to take the concepts you are learning on this podcast to the next level? Schedule your free 10-minute coaching call with Becky today!

Need someone to talk with about recent changes in your finances due to COVID19? Connect with Becky on a free 10-minute coaching call and discuss how she can help.

For more information, visit the show notes at https://www.twentyfree.co/episode13/