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So Money with Farnoosh Torabi

1045: Financial Survival in a Pandemic with Certified Financial Planner Tom Corley

So Money with Farnoosh Torabi

Farnoosh Torabi

Entrepreneurship, Business

4.71.9K Ratings

🗓️ 20 May 2020

⏱️ 28 minutes

🧾️ Download transcript

Summary

For many, 2020 will be characterized as the year of survival. Our guest Tom Corley, CFP, offers financial advice to help us keep head above water as we navigate all the uncertainties. Tom Corley is CPA, CFP, holds a Master’s Degree in Taxation and is a bestselling/award-winning author. His books include: Rich Habits, Rich Kids, Change Your Habits Change Your Life, Rich Habits Poor Habits and Effort-Less Wealth - Smart Money Habits at Every Stage of Your Life. Tom has appeared on or in CBS Evening News, The Dave Ramsey Radio Show, CNN, MSN Money, USA Today, The Huffington Post, SUCCESS Magazine, Money Magazine, and many other media outlets and podcasts in the U.S. and 27 other countries. Tom is a frequent contributor to Business Insider and CNBC. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

So Money episode 1045, Tom Corley, certified financial planner, and author of effortless wealth.

0:07.0

You're listening to So Money, with award-winning Money Guru Farnoosh Karabi.

0:12.0

Each day, get a 30 minute dose of financial. Award-winning Money Guru Farnu Karabi.

0:12.6

Each day get a 30 minute dose of financial inspiration

0:15.8

from the world's top business minds, authors, influencers,

0:19.5

and from Farnuish herself.

0:22.2

Looking for ways to save on gas or double your double coupons?

0:25.0

Sorry, you're in the wrong place.

0:28.0

Seeking profound ways to live a richer, happier life.

0:31.0

Welcome to So Money. My advice is, before you thrive, you have to survive.

0:38.0

So we're in survival mode, everybody.

0:40.4

You're going to have to do whatever it takes to survive that that's going to change you know your plans your your blueprint you could still hold on to your blueprint whatever your your dream is don't don't give up on dreams, but because of what's going on in the world, you've got a pivot.

0:57.0

Thrive or survive. What will 2020 be for you? I'm here to say that if it's just surviving that's okay you're winning you're

1:05.1

still winning in the personal finance books this is an unprecedented time in our

1:09.0

lives sometimes you have to make radical changes to keep head above water. Welcome back to

1:14.4

so money everybody. I'm your host Farnush Tarabi. You know how I feel about

1:17.7

things. If you need to take money out of your 401k right now because it is

1:21.1

absolutely the only way to access short-term

1:24.2

funds to keep your roof over your head to put food on your plate for your family.

1:29.1

Who might say not to do it? We don't want you to lose your house. We don't want you to

1:32.4

starve. And if you don't want to take my word for it, I've got a

1:35.2

certified financial planner on the show who's been managing people's money for decades.

...

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