Financial Beliefs After Covid-19
Be Wealthy & Smart
Linda P. Jones
4.8 • 883 Ratings
🗓️ 10 August 2020
⏱️ 9 minutes
🧾️ Download transcript
Summary
Learn how the wealthy, Millennials and people globally have changed their financial attitudes, actions and beliefs since COVID-19.
This information was from a survey and the article is here.
Are you investing well for financial freedom...or not?
As we live our lives, we have seen enormous money be made in real estate, technology stocks, etc. and have seen wild swings in markets before. They can feel scary at the time, but in hindsight are often tremendous opportunities for future financial success.
If you only knew where to invest for the long-term, what a difference it would make, because the difference between investing $100k and earning 2% or 10% on your money over 30 years, is the difference between it growing to $181,136 or $1,744,940, an increase of over $1.5 million dollars.
Your compounding rate, and how well you invest, matters!
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Transcript
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| 0:00.0 | Be wealthy and smart episode 759. If y'all know what I mean put your hands up and declare with me |
| 0:14.0 | Yeah, I'm full of bed time I'm gonna live a good life |
| 0:20.0 | I'm gonna live the good life |
| 0:22.0 | and beautiful and financial freedom without budgets, boredom or bosses on |
| 0:31.6 | be wealthy and Smart. |
| 0:34.0 | And now here's your host, Linda P. Jones. |
| 0:38.0 | Welcome to Be Wealthy and Smart. |
| 0:40.0 | I'm Linda P. Jones, America's Wealth Mentor, |
| 0:42.0 | Empowering women and Men Worldwide to Financial Freedom. |
| 0:45.4 | On today's show, we're going to talk about financial beliefs after coronavirus. |
| 0:51.2 | And this is a study that was done by the bank UBS and it goes over what the wealthy are thinking after coronavirus, what millennials are thinking after coronavirus and globally what |
| 1:05.9 | attitudes have changed since coronavirus. So this was a really interesting |
| 1:10.9 | article because it shows what people are thinking, what their beliefs |
| 1:15.1 | are, how they're changing behaviors, how they're changing financial strategies, and I thought |
| 1:20.7 | it would be interesting to share this with you so you can see what different groups are doing and how different groups are reacting. |
| 1:26.7 | So this comes to us from Yahoo Money. It was written by Xavier E. David. |
| 1:32.4 | And it says the coronavirus pandemic has prompted wealthy investors to consider major |
| 1:37.6 | lifestyle shifts that include less travel, fewer trips to the office, and moves away from big cities. |
| 1:45.6 | According to newly released UBS data that revealed 75% think that, quote, life will never be the same again. |
| 1:55.7 | The mounting human and economic costs of the worldwide COVID-19 outbreak have forced dramatic |
| 2:02.2 | changes to daily life on people across all income levels. |
| 2:06.0 | Conventional wisdom holds that the wealthier insulated from the disruption caused |
... |
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