Wed, 17 June 2020
Consuelo Mack of Wealth Track on PBS joins the show today to elaborate on the effects of the non-discriminatory Coronavirus. She expects to see two economic waves from this, and the second has yet to hit. Find out where she, unlike many others, recommends that you invest.
[1:30] Yes, this pandemic is non-discriminating, but a great takeaway is how lucky we are in America. Now is a time for most to reevaluate their personal, and professional lives.
[4:00] Expecting two waves in the economy. First, the shock and stop. Second, the aftershock and termination of employees.
[5:00] Cash reserves are extremely valuable in times of crisis.
[6:00] Cash is not trash!
[7:45] The value of liquidity can not be underestimated at times like this.
[12:00] People are already taking action to leave high-density areas.
[17:20] Reverse mortgages
[23:15] What role does FinTech play in all of this?