As part of our COVID-19 Crisis Series, we’re covering what you need to know about market uncertainty and your money during these unprecedented times. In our newest minisode, we talk about the most important thing you need to keep in mind during this crisis: liquidity.
Liquid assets are assets that you can easily sell or buy without affecting the asset’s price. The value of illiquid assets, like real estate, can fluctuate or decrease. During a crisis, you need liquid assets to protect yourself for what’s happening and what’s to come. As Danielle says in this minisode, we don’t know how long this is gonna last or how bad it’s gonna get. Having liquidity — cash on hand — can support you through a crisis.
So, how can you get liquid assets right now and in the future? Spoiler alert: it doesn’t necessarily mean it’s time to make a run on the banks.
Instead, listen to these tips on how to infuse a little extra cash into your life (without risking your future potential wealth).
This material is for general information only and is not intended to provide specific advice or recommendations for any individual.
What if you had a clear formula to help you figure out how much to save… while paying down debt and enjoying life? It is possible… when you know your numbers.
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