Question: As we manage the stress of the COVID and the financial disruption it has caused. This video addresses the stress and management of money now

As we manage the stress of the COVID and the financial disruption it has caused. This video addresses the stress and management of money now and in the future. After viewing the video, please write the answers to the five methods Brendon Buchard mentioned in his video that you will apply to your method of managing your finances.

1. Do Not Lie About Being Broke (or almost broke)

2. Take immediate action to create a budget. Listing out all of your bills. Are there splurges you have such as purchasing coffee, lunching or dining out and ordering deliveries. Can you remove or reduce the cost of cable bills, subscriptions online?

3. Are you willing to ask for help from others who can teach how to manage money? A broke person can not teach you how to be rich.

4. Save 10-20% of your income into savings. Pay your self first, before you pay your bills. Right now it may be hard but try to save something.

5. Retool What new skills do you need to manage your money? How are you using your personal time in relation to managing your money?

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Quiz 1 As we manage the stress of the COVID and the financial disruption it has caused it is important to note that we all need to be honest with ourselves about our finances In this video Brendon Buc... View full answer

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