What Happens After the Pandemic?
Be Wealthy & Smart
Linda P. Jones
4.8 ā¢ 883 Ratings
šļø 8 April 2020
ā±ļø 18 minutes
šļø Recording | iTunes | RSS
š§¾ļø Download transcript
Summary
Learn why the stock market is anticipating an improvement in the economy.
How quickly will the economy recover? It's important to look beyond the chasm and maybe even into 2021.
Are you investing well for financial freedom...or not?
If you invest $10,000 per year for retirement, but earn only 2%, after 20 years you'll have $262,692 and after 30 years $431,908.
However, if you invested for growth and the stock market averaged 10% annually, your $10,000 per year would grow to $697,299 after 20 years and $1,983,928 after 30 years! A huge difference. Your compounding rate, and how well you invest, matters!Ā
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Transcript
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| 0:00.0 | Be wealthy and smart, episode 706. |
| 0:03.0 | I'm gonna live no rich life. |
| 0:06.0 | Rich life. |
| 0:07.0 | If you all the best life. |
| 0:10.0 | If y'all know what I mean, put your hands up and declare with me, yeah, I'm full of pain, |
| 0:17.0 | I'm gonna live a good life. |
| 0:21.0 | A good life. |
| 0:22.0 | A few things glorious, like. Step into a world of wealth of wealth and financial freedom without budgets, boredom or bosses on be wealthy and and Smart. And now here's your host, Linda P. Jones. |
| 0:38.0 | Welcome to Be Wealthy and Smart. I'm Linda P Jones, America's Wealth Mentor. |
| 0:41.7 | Empowering Women and Men Worldwide to Financial Freedom. |
| 0:44.9 | On today's show, we're going to talk about what happens after the pandemic, because the market |
| 0:51.2 | took off on Monday with a tear and it was up 10% in two days. |
| 0:57.0 | Now this is not because any great economic news came out, |
| 1:02.0 | it's because news came out from Reuters that there may be some |
| 1:06.2 | leveling off to the pandemic. Fewer people getting sick in Italy, fewer people getting sick in New York. Now while we did have more deaths in New York, |
| 1:17.0 | that's a lagging indicator. So if fewer people are getting sick, that's an indication that maybe, just maybe, things are starting |
| 1:26.6 | to improve. |
| 1:28.1 | And the market took that news and ran with it because investors are looking beyond the chasm they want to know |
| 1:36.7 | when is the end of this and is that end in sight and this gave the first glimmers of hope that maybe, just maybe, there is light appearing |
| 1:49.4 | at the end of the tunnel, as the President said. |
| 1:52.3 | So while we still don't know when the economy |
| 1:55.5 | being shut down will end and we don't know how quickly the economy will recover, |
... |
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