Life Kit
How to handle your money during tariff uncertainty
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.
18:38
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Quick takeaways
- Establishing a robust emergency fund of at least six months' worth of expenses is essential during times of economic uncertainty.
- Taking breaks from news and social media can significantly alleviate financial anxiety and help maintain a balanced mindset amidst volatility.
Deep dives
Managing Financial Anxiety in Volatile Times
In uncertain economic conditions, it is crucial to manage financial anxiety effectively. Taking breaks from constant news and social media can help alleviate feelings of overwhelm and anxiety. Creating a supportive environment with positive influences around you is essential for maintaining a balanced mindset. By focusing on what is within your control, individuals can better navigate financial concerns without succumbing to panic or hasty decisions.
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