Скачать или смотреть Coronavirus College Grads | Steps for Financial Success

The Coronavirus (Covid19) has caused more than 40 million Americans to lose their jobs and file for unemployment. In this video we discuss not only why companies are losing money but also the steps to take as a new grad for financial success.

▪︎Bank Account Strategy
▪︎Affordable Housing
▪︎Budgeting
▪︎Emergency Savings
▪︎Near Term Goal Savings

-----------------Topics in this video:
0:00 Intro
0:47 Why the Coronavirus Causes Job Loss
2:49 Why Job Offers for College Grads May be Rescinded
3:56 Tips for For Financial Success


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-----------------------Reference Articles:
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Now normally around this time of year, many of you would be looking forward to walking across that stage, graduation parties, moving to a new city, starting that new job and finally making some real money!!! Sadly, at this point many of you probably know someone that has been affected financially by the corona virus. Maybe your classmates have had their job offers rescinded or even worse your parents have lost their job.

The novel coronavirus [aka Covid19] is still widely a mystery – scientist are still trying to figure out exactly how attacks the body and how it spreads. Consequently, this has led to stay at home orders for approximately “90% of the US population”! Which…as you can imagine has caused many businesses to lose a lot of moneyyyyy.

Let’s take Mariott International, the largest hotel chain in the world, for example. During the month of March their average hotel occupancy rate “unexpectedly” dropped to anywhere from 15% to 25% depending on the country you look at. Now take a second and imagine unexpectedly losing 85% of your income and having to live off of just 15% of your monthly income while your car note and rent are still the same. Now that’s EXACTLY what many of these companies are dealing with. Now just to drive this point home let’s look at one more example – Delta airlines. As a result of the Coronavirus the largest US airline in terms of domestic air travel - Delta Airlines - announced the following during its April 22nd First Quarter 2020 earnings call:

First quarter 2020 profit $1.3 Billion lower than same period in 2019
Daily Cash Consumption of $100 million per day in March
Deferring $500 MM pension contributions
Accepted $5.4 Billion bailout
Hiring Freeze
Anticipating up to 3 years for business to rebound

#blackswan #graduation
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The advice, guidance, and principles outline in all content produced by Cam (dba Black Swan Financial) and other encompassed entities are not guaranteed to be appropriate for your unique situation or business. We recommend that you exercise your due diligence and research any and all strategies before adopting them or consult with a certified financial advisor. Cam or any other related entities are not responsible for any damages that result from an effort to implement the information provided in this video or any other video, article, social media post and related publications. Your use and viewing of any materials and videos published by Cam (dba Black Swan Financial) and other encompased entities confirms your aknowledgement and agreement that Texas law will apply to any and all disputes related to the aforementioned entities and that Texas law will serve as the venue for any disputes, claims, and litigious activities related but not limited to the materials produced by Cam (dba Black Swan Financial) and other encompassed entitites.