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

#13: 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/