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NerdWallet's Smart Money Podcast

How can I brace financially for coronavirus?

NerdWallet's Smart Money Podcast

NerdWallet Personal Finance

Business, Education, Investing, How To

4.2665 Ratings

🗓️ 23 March 2020

⏱️ 14 minutes

🧾️ Download transcript

Summary

The economic impact of the novel coronavirus and the COVD-19 disease it causes is likely to be profound. Sean and Liz discuss how to cope with the potential financial fallout. As always, send us your money questions! Email [email protected] or call or text the NerdHotline at 901-730-6373. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

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0:04.8

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0:12.4

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0:17.4

From startups to scaleups, online, in person, and on the go. Shopify is made for

0:22.8

entrepreneurs like you. Sign up for your $1 a month trial at Shopify.com slash setup.

0:33.1

Welcome to the NerdWallet Smart Money Podcast, where we answer your money questions in 15 minutes or less.

0:39.0

I'm your host, Sean Piles.

0:40.7

And I'm Liz Weston. As always, be sure to send us your money questions.

0:44.1

Call or text us at 901-730-6373.

0:48.3

That's 901-730 Nerd.

0:51.7

Or email us at podcast at nerdwollet.com.

0:54.8

This episode, we're taking on a topic that we've received a number of questions about

0:58.9

in the past few weeks, coronavirus and how to financially brace for it.

1:04.0

The effects of the novel coronavirus and the COVID-19 disease that it causes are already

1:08.4

being felt in our economy.

1:10.2

Many workers are having their

1:11.5

hours cut or are being laid off. The stock market is having a conniction and people are trying to

1:17.0

figure out how to brace for the worst. And that means shoring up your finances and for some people

1:22.6

doubling your stock of toilet paper. Yeah, Sean, you said you thought that was a joke, but you found us not.

1:29.3

Yeah, I went to the store just last night, and the shelves were empty.

1:33.1

I'm glad that I have one of those Amazon subscriptions that I just get something regularly

1:37.2

because otherwise I would be there grabbing napkins, who knows?

...

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