Lets face it, the economy feels a little doom and gloom right now.
So were learning how to protect ourselves financially this week with the help of personal finance advisor Ramit Sethi.
Ramit is the author of theNew York TimesbestsellerI Will Teach You to Be Richand founder ofIWillTeachYouToBeRich.com.
What does it mean?
It means that, you know, were an optimistic culture.
Americans were always, Things are going to work out in the end.
You know, were gonna walk off into the sunset holding hands.
And that cultural view really affects us and it can affect us poorly.
We think, oh, yeah.
You know, the economy might be bad for a couple of months, but itll be back.
What if you get laid off and your partner gets laid off?
What if your job is gone and your entire industry is gone forever?
That is what overreaction means.
And thats when you start to say, OK, I hope that doesnt happen.
I hope Im overreacting.
But just in case Im going to make a plan.
you’re free to call up these companies.
What options do you have?…Theyre not obligated to do it.
But you would be surprised how many companies are because they dont want to lose their customers.
They know that if you stick around, youll be worth a lot to them.
[So] you might be surprised how many actually do.
There shouldnt be this like mad scramble to go get tested.
Just because results would come back positive or negative isnt really gonna change anything in your day-to-day routine.
So keep that in mind.
You know, if you got the virus, you were safe.
This isnt necessarily the same situation.
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