COVID19, the Questions We’re NOT Asking

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The last 24 hours have been eventful to say the least…

  • The NBA has suspended the entire season until further notice
  • Beloved actor Tom Hanks and his wife Rita Wilson confirmed they have tested positive for COVID19 while filming in Australia
  • President Trump has closed off all incoming flights from Europe for next 30 days (for now)
  • and so much more

I know a lot people are worried about their loved ones, their own health and of course your jobs.

Especially when so many industries and businesses are bleeding because of this event.

I remember being in the thick of SARS in Hong Kong, and many of us were asking ourselves:

“What am I going to do?”

“How am I going to pay the mortgage?”

I learned something from that time…

…it’s to start asking different questions.

We can’t change the fact that this is a pandemic and all the precautionary actions being taken are ultimately for our own good, so while many of you likely working from home at this very moment, try thinking about these questions instead:

“What opportunities are there during this time?”

“What lessons can I learn from this?”

No, I am not suggesting you go out and hoard face masks and hand sanitizers and sell them at 100x markups.

But think about whether this gives you the chance to re-balance your investment portfolios (are you balanced enough?) or are there investment buying opportunities?

Lessons learned: how can I shift my thinking about jobs and job security (or lack of job security) so I have more control over my income?

Am I able to use this time to create new/additional income sources so I am NOT 100% relying on a salary income?

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