Skip to site content
The Show

The Truth About the Coronavirus and Your Finances

What a crazy week! The uncertainty created by the coronavirus has obviously impacted the markets. In all of the panic, we wanted to help you cut through the noise. There is a big difference in the way you should prepare your family from a health perspective versus reacting from a financial perspective for any impact the virus may have.

Fortunately, if you already utilize diversified portfolios, you can weather any short-term pain! We are not the only voices that consider this a short-term event. The IMF Chief Economist Gita Gopinath stated, “There is a scenario where all the hit takes place in the first quarter, and by April, like a V-shape, China is back to normal.”  This V-shape recovery is exactly why we do not try to time the markets. As we explain in this video, there are quite a few similarities to the outbreak of SARS in 2003, and, if history is likely to repeat itself, the recovery will be just as fast (or faster) than the downturn.

Please feel free to share this with friends, family, and anyone that you feel may benefit from our insights. We hope this helps!

Discover 5 Healthy Ways to Deal with Investment Uncertainty in this FREE download!

Enjoy the Show?

Where You Can Watch and Listen:

Subscribe on these platforms or wherever you listen to podcasts for new episodes every Friday, live streams every Tuesday at 10am CT, and new highlight clips throughout the week.

Related Content

Free Resources

Financial Order of Operations®: Maximize Your Army of Dollar Bills!

Here are the 9 steps you’ve been waiting for Building wealth is simple when you know what to do and…

View Resource

Wealth Multiplier By Age

How much to save every month to become a millionaire.

View Resource

How Much Should You Save?

How much of your income can you replace in retirement? You can replace different portions of your income in retirement…

View Resource


How to Influence Your Employer’s 401(k) Plan for Optimal Benefits

, ,

Read More

How to Avoid Paying Unnecessary Taxes While Investing

, ,

Read More

What Should I Do With A $100,000 Inheritance?

, ,

Read More

Financial FAQs

Courses & Tools

How about more sense and more money?

Check for blindspots and shift into the financial fast-lane. Join a community of like minded Financial Mutants as we accelerate our wealth building process and have fun while doing it.

Millionaire Mission (Brian’s Book)

Buy Now

Know Your Number Course

Buy Now

The Money Guy Net Worth Tool

Buy Now

Recent Episodes

It's like finding some change in the couch cushions.

Watch or listen every week to learn and apply financial strategies to grow your wealth and live your best life.

maxresdefault 1

Financial Advisors React to CRAZY Advice on TikTok (Best Of)

Watch Now

Will Home Prices SKYROCKET In 2024?!

Watch Now
maxresdefault 9

How to Avoid Paying Taxes in 2024

Watch Now