1880: Bare Bones Money Management in a Crisis by Dawn Starks of Simple Money Pro

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🗓️ 3 May 2022

⏱️ 11 minutes

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Summary

Dawn Starks of Simple Money Pro tells you how you can be prepare to manage money in a crisis Episode 1880: Bare Bones Money Management in a Crisis by Dawn Starks of Simple Money Pro Dawn Starks has been a financial planner for over twenty years. Her aim with financial planning work has always been to simplify things for clients. Making concepts easier to grasp and less scary is the goal. Dawn's SimpleMoney project - the blog, podcast, and soon-to-be courses and book is a co-project with her husband Greg. The original post is located here: https://simplemoneypro.com/blog/bare-bones-money-management-in-a-crisis/ Visit Me Online at OLDPodcast.com · Note: The podcast ad for the IMPACT app is unscripted and being recorded live. It may contain some slight differences. Please visit https://impact.interactivebrokers.com/ for full details of products and services. Interactive Brokers, LLC member FINRA/SIPC. · The projections or other information generated by IMPACT app regarding the likelihood of various investment outcomes are hypothetical in nature, do not reflect actual investment results and are not guarantees of future results. Please note that results may vary with use of the tool over time. · The paid ad host experiences and testimonials within the Podcast may not be representative of the experiences of other customers and are not to be considered guarantees of future performance or success. The opinions provided within the ad belong to the host alone. Interested in advertising on the show? https://www.advertisecast.com/OptimalFinanceDaily Learn more about your ad choices. Visit megaphone.fm/adchoices

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0:00.0	The monopoly game is back at McDonald's, and guess what? It's still twice as nice, because
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1:18.9	Every single day of the year, in about 10 minutes or less, and now let's hear today's
1:23.9	post and start optimizing your life.
1:30.9	Bear bones money management in a crisis, by Don Starks of SimpleMoneyPro.com.
1:38.4	Last week, I shared some ideas our family is using to cut our budget during this economic
1:42.8	crisis. This week, let's address loss of job or self-employment income as a result of the
1:49.3	COVID-19-induced economic downturn and how you should think about money management in a crisis.
1:56.2	Here's a checklist of steps to take or resources to investigate if you're in dire
2:01.5	straits financially. This information presumes you live in the United States, but likely other
2:07.6	countries have similar programs. Be proactive. When a crisis hits, it's easy to freeze and
2:15.8	not know where to start to remedy your situation. It's ideal for you to be as proactive and
2:21.7	focused as you can be in this time of stress. Sitting still and hoping things will work out
	...

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