How to Make Financial Plans During COVID-19
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.
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The information in this podcast is general financial advice only. That means, the advice does not take into account your objectives, financial situation or needs. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. In addition, you should obtain and read the product disclosure statement (PDS) before making a decision to acquire a financial product. If you don’t know what your needs are, you should consult a trusted and licensed financial adviser who can provide you with personal financial product advice.