Life Kit How to handle your money during tariff uncertainty
72 snips
Apr 28, 2025 
Lauryn Williams, a certified financial planner and Olympic gold medalist, shares her insights on managing finances amid tariff uncertainty. She emphasizes the importance of maintaining calm and sticking to financial plans during economic turmoil. Listeners learn strategies for building an emergency fund and protecting against financial scams. Williams warns against panic buying and highlights the need for informed decision-making. She encourages individuals, especially those nearing retirement, to focus on long-term savings and consult professionals for tailored advice.
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Avoid Information Overload
- Avoid information overload from news and social media about the economy and tariffs.
- Limit exposure to doom and gloom to maintain confidence in your financial plan.
Watch Out For Financial Scams
- Be vigilant about financial scams that increase during economic uncertainty.
- Verify credentials, avoid get-rich-quick schemes, and beware of high-pressure tactics.
Build Emergency Savings
- Build and maintain an emergency fund of at least six months of expenses.
- Use separate savings accounts and automate deposits to avoid easy access and unnecessary spending.