Apr 14, 2020
Books,Articles, and Talks

How Covid-19 Impacts Your Personal Finance


reat talk by Ramit Sethi. On the 'Business Casual' podcast by Morning Brew.


The thought of getting a $1,200 check in the mail from the government was nothing short of crazy just six months ago. Ask Andrew Yang. But now, that once impossible idea is reality—most Americans will receive a little somethin’ something’ from Uncle Sam as part of the government’s $2.2 trillion COVID-19 relief package.But what should you do with that money? If your groceries and basic necessities are already covered, should you splurge your Trump Bucks or save them? And what kind of boost—if any—will this program give the U.S. economy?This week on Morning Brew’s Business Casual podcast, we’re diving deep into personal finance in the COVID-19 age with money expert and author of I Will Teach You to Be Rich Ramit Sethi. In the episode, Sethi covers…Why you need an emergency fund and what you should do if you’re in an emergency but low on the fundsHow and where we can find opportunity (read: earning potential) in the depths of a painful recessionWhether it’s harder or easier to get rich today when compared to our last recession a decade agoListen now and learn more about how your personal finance situation could change.


  • Safety First - 3 months worth of expenses
  • Come up with plan and execute
  • Invest in full market indexes

My Covid Personal Strategy (Also see my Overall Financial Advice)

  • 3 months worth expenses and 6 months in bonds (i.e. risk averse)
  • Have a plan to capitalize on market shortfall (i.e. 10-20% re-investment liquid)
  • Should already be cost-dollar investing into your index funds weekly to minimize market down turn (i.e. put money into each fund every week)
  • Total market index funds (e.g. PREIX, PRASX, VINEX, VTWAX) and start putting in much can spare while there is downturn.
  • Lastly, I've used this time to buy solid individual stocks that I normally wouldn't do. I use the Robinhood app which has no fees and picked stocks that I thought were strong undervalued funds that got hit hard (e.g. LUV, SPLK, HUBS, GPRO, WORK, RHHBY, BABA, TSLA, CGC, SPCE, PRLB, MSFT, LYV, MGM, DAL, LIT, NVDA, TWLO, Lowes, Home Depot, Chiptole, fedex)
  • Chia mining
  • Ethereum mining

Co-Vid Resources

COVID-19 risk chart divides low and high-risk activities ...


CDC Guidance as of April 2021