About this episode:
Something that COVID-19 has demonstrated to us is just how uncertain the future is and the importance of being flexible with our lives. So what does that actually look like? In this episode, Owen and Kate have a chat about the potential long-term effects that COVID-19 might have on our finances and whether it’s still worth making plans. TLDR, yes, you should still make financial plans!
If you don’t make some financial plans now, you’ll wake up in 10 years and wonder why you didn’t start working on your finances 10 years earlier.
Side Note – Investing is already a risky endeavour and investing in products you don’t understand only compounds that risk. You certainly don’t need to be an expert to get started, but you do need to lay down the groundwork. Head over to MoneySmart, Rask Education, listen to our back catalogue and if you get yourself into a difficult situation and need help, reach out to a free financial counsellor.
Show notes and resources:
- Certificate Framing – Graduation Frames
- Raided super savings will take years to recover
- How Has COVID-19 Changed My Financial Mindset?
- Online Learning Resources to Use While in Isolation
- The Importance of Building an Emergency Fund
- Money Dials: analyzing your spending habits with Ramit Sethi
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