Welcome to Radical Personal Finance to Show dedicated to providing you with the knowledge, skills, insight, and encouragement you need to live a rich and meaningful life now, while building a plan for financial freedom in 10 years or less.

My name is Joshua, I'm your host and today we need to dig again into the topic of what is now called COVID-19, the coronavirus that is increasingly making its presence known throughout the world.

It's almost a month ago that I first recorded topic on January 27,

where I recorded a show episode 694 how to prepare for a flu and coronavirus quarantine and I was

hoping that by now this would be that show would have been overreaction and

there's no reason to to even bother but unfortunately things are going the opposite way

and so I want to begin by just giving you a thesis statement of this show, then tell you what's going to be in the outline of it, and then we're going to dig into the topics.

Don't know how long this is going to be, it's going to be difficult.

I've tried recording this multiple times and I've given up on trying to get the right

tone. I'm just going to, I just got to get it out. So basically here's the thesis of what I want

to communicate to you. The COVID-19 outbreak of flu around the world is an increasing economic threat to you and possibly an increasing physical threat.

It does bear the risk of potentially causing sickness for you and your family, which can be devastating, and that

sickness could also be life ending, which could be devastating.

I'm less concerned about the specific sickness than I am about the potential economic effects of this sickness.

Yes, the sickness could be significant, but there's a good chance that in the societies that you and I live in, which are more advanced medically, that the sickness itself is not going to be the biggest risk.

It is a risk, but it's not going to be the biggest risk.

Whereas the big risk is potentially economic and we're gonna I'm gonna do my best to

unpack that for you so at this point in time I have moved my own personal

Def-Con threat level up substantially and specifically I expect that there's a very

good chance that this COVID-19 will be a triggering event for what we will later call a significant

recession and or potentially longer term. Maybe we'll get you reach the

economic academic term for depression or something like that, but a significant

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