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The Fitness Business Podcast with Erin Dimond and Jordan Dugger

111. COVID19 - What You Need To Know & Investment Opportunities Part 1

The Fitness Business Podcast with Erin Dimond and Jordan Dugger

Erin Dimond and Jordan Dugger

Health & Fitness, Nutrition, Fitness

4.6667 Ratings

🗓️ 19 March 2020

⏱️ 33 minutes

🧾️ Download transcript

Summary

We know you are probably feeling a lot of different emotions right about now. Apprehension, fear, sympathy. We are feeling those things too trust us. We wanted to share from both of our perspectives the gravity of our situation as a species but also what opportunities are going to be available in this situation as well.

 

Time Stamps:

 

(2:08) Shoutout to People Working the Front Lines

(3:00) What We Do Know Health Wise

(6:10) Reach Out to Us

(6:30) Variety of Information 

(7:30) Financial Overview

(14:10) Know What Works and What Doesn’t

(15:00) Managing Stress Techniques

(21:44) Cash Flow Planning

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Transcript

Click on a timestamp to play from that location

0:00.0

What is up, everyone? Welcome back to Flow State of Mind podcast. Aaron and Jordan here today to talk to you about a somewhat sombering and humbling situation going on while also trying to educate you around the positives and around some areas where there might be opportunities.

0:15.1

I'm really excited about this podcast and I have a feeling it's going to be long, babe. So there's just a lot for us to dive into.

0:21.6

And it started as a thought of, well, as a very interesting social experiment, I put something on my Instagram asking, basically, are you afraid of getting sick or are you more afraid of what's going to happen to the economy? And then, hey, I need your help again. Are you, would you like to hear more about like the health crisis we help again are you would you like to hear more

0:38.4

about like the health crisis we're dealing with or would you like to hear about ways to take

0:42.5

advantage of this economy and the overwhelming majority was on the economy which is very interesting

0:49.1

and it's kind of the way my brain tends to work but I I kind of think that might be a self-protective mechanism,

0:56.8

something that's a little bit easier to think about. And, you know, we're all about leaning towards

1:01.4

positivity and future and growth and all of this. But as I'm creating this entire outline of all

1:06.7

of the ways that we can take advantage of a time like this, Jordan reminded me of some really

1:10.6

important shit. So we're going to dive in kind of on that side first. So I'll let you kind of

1:16.3

start in, babe, with what we're chatting about. Well, I wanted to just create some context because

1:20.6

we are going to talk about ways that you can capitalize in a downturn economy. But it's very

1:24.1

important to understand that different than most of the downturns that we've experienced in our lifetime and even those ahead of us, this is a lot different.

1:31.0

You know, in 2008, we had the mortgage crisis due to funky regulation.

1:35.8

This is due to potential, well, not potential, this is a pandemic, a worldwide pandemic

1:39.8

that at the end of the day is going to affect millions of lives. And the economy is a very

1:43.0

important part of this because that is what I'm sure a lot of people are really more concerned about

1:47.6

because let's be frank, a lot of people who are healthy and in the right, you know, health

1:52.6

stuff, health spot immediately it might not affect them. But this is going to have massive ramifications

1:57.0

on the economy and potentially lead to just huge downside. So I want to just show sympathy for those

2:01.7

who, you know, have been affected and are going to be affected. We're just at the very grassroots of this.

2:05.9

It's going to get a lot worse. And also just talk about like, you know, show sympathy and also

...

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