Amidst the panic and chaos of both COVID-19 and an unpredictable stock market, you know a couple of things for certain – wash your hands (A LOT); and practice social distancing. But what about your money? What can you do when the market crashes? Yes, the markets are low and the virus is coming, but the WORST thing you can do now is to panic and run. Avoid the hysteria, and hold onto your plan. Here’s what you need to do when the market crashes…

124 What you need to do when the markets crash

As parts of the world go into Coronavirus lockdown, and you watch helplessly as your life gets turned upside down, how are you coping with this new normal? Whilst both the threat of an unknown virus and that of economic uncertainty raise issues of your very survival, there is also the question of how you are going to survive the next few weeks living (and working) in such close proximity with your significant other and your children. Or maybe you're home alone... Is anybody else feeling claustrophobic yet? My guest today, Mary Baird-Wilcock, talks us through some practical strategies to navigate these very challenging times ahead. &nbsp;

125 Coping with the new normal of Coronavirus lockdown with Mary Baird-Wilcock

In the wake of this global pandemic, (and the subsequent lockdown) has your income suddenly dried up? Whether you're a freelancer who has lost work, own a business that has had to cease operations, or are an employee who has been asked to take a dramatic cut in salary, the repercussions are massive when you have had no time to prepare or slowly reduce expenses. The knock on impact of this financial crisis to companies means that more and more of us are going to find ourselves in trouble, and because it’s going to take a while for the economic situation to come right, we've put together some strategies to help guide you through this period of uncertainty.

126 Your income has suddenly dried up... now what?

Are you feeling a little stuck? Uncertain of your next move? This lockdown has had different impacts on people (particularly around work and money), and whilst it doesn’t feel like there’s much that can be done about anything right now, there is something that you CAN do for your money during lockdown. Whatever your situation is, you can do a spring clean on your finances. And no, that doesn’t sound like much fun, but it is the basis of wealth. It’s also a good money habit that will ensure that you are on track and conscious of your spending. In this episode, we take you through the steps of HOW to spring clean your finances - how to categorise your spending; how to budget. After all, you spend all that time working, why not take a little bit of time to manage your money?

127 One thing you CAN do

Have you had a chance to reconcile your current (isolated) reality with the fast-paced, schedule-filled life you were living prior to lock down? It’s a major transition that the whole world is having to adapt to, and much like the transition into retirement that it mirrors, it can be traumatic. If you think about it, by the time you retire you could possibly still have a third of your life left to live. That’s a lot of life. With that in mind, the question of what you would like your retirement to look like becomes pressing. Finding something you love to do and being able to share it and give from it creates joy. Simply put: It’s not too late and you’re not too old! My guest today, Maeve O’Byrne is a former CEO of a hospital foundation turned certified coach who helps retirees thrive during their transition into their third act or next chapter. She suggests using this time of lockdown as a trial for retirement. If you could do this completely differently, what would you want to do?

128 Navigating big transitions such as retirement with Maeve O'Byrne

Are your goals and dreams feeling a little out of reach in the present climate? Or does a recent failure (or series of them) have you ready to throw in the towel? Before you do, think about this… One of the highest determinants of success is HOPE. Broadly defined as “the overall perception that goals can be met”, there are things that you can do to reignite the flame of hope. Believe that you can, and that, because you’re resourceful, you’ll find a way. After all, we all need a dose of hope right now.

129 The little known determinant of success - hope

How are you coping with the current trauma? Whilst no two stories are the same, people the world over are experiencing various levels of loss. And with that loss comes grief. Whether you are experiencing the loss of a loved one, freedom of movement, your income, or the life you knew before Covid-19, give yourself permission to grieve. My guest today, Harriet Cabelly, is a grief counsellor and positive psychology coach who talks about post-traumatic growth (the positive change and growth that comes about as a result of an adversity or loss). Because, although you may have no control over the bigger picture, you can choose - in the tiny daily decisions that you make - how you respond to your difficulties. There is hope. And there are other opportunities. How will YOU bounce back from this adversity?

130 Coping with the current trauma with Harriet Cabelly

Are you feeling hurt and frustrated that despite how much work you’ve put in, life is not working out the way you thought it should? You’re not alone, and I urge you to keep hope. All of us have a still, quiet voice of Wisdom within us, and we need to give it the space to speak. Sometimes it’s simply about timing.

131 Timing

Working Women's Wealth: The confidence to grow yourself and your money to achieve your goals, become financially free and live your dream retirement

Working Women's Wealth

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