Cade Hildreth

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How to Protect Your Income During the COVID-19 Recession?

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Recessions are periods of economic pessimism accompanied by a decrease in business and personal spending, an increase in unemployment, a decline in real estate prices and a drop in the stock market. How do you protect your income during these dire circumstances?

First, you remember that every crisis is accompanied by an equal or greater opportunity. Second, you identify those areas of opportunity. Third, you act.

Let’s dive into the actions you can immediately take to protect yourself. [Read more…] about How to Protect Your Income During the COVID-19 Recession?

What to Do If You Can’t Pay Bills During COVID-19

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During these hard times, you may not know how you’re going to pay your rent, mortgage, and other expenses. If you can’t pay bills because of COVID-19, there are some steps you can take to stay above water.

COVID-19 has hit economies hard. If you’re unable to work or have been laid off, you’re not alone. Before you panic, know that there is help available. [Read more…] about What to Do If You Can’t Pay Bills During COVID-19

11 Super Simple Ways to Spend Less During the Coronavirus

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Has unemployment or under-employment due to the Coronavirus got you wondering how to spend less money? Are you struggling to save while finances are tight? If so, you’re far from alone, because U.S. unemployment claims have reached an astounding 26 million since the pandemic hit only five weeks ago.

Unsuprisingly, some economists are now predicting that Americans could reach a 25% unemployment rate within a few months, a metric not seen since 1933 during the Great Depression. Yikes. [Read more…] about 11 Super Simple Ways to Spend Less During the Coronavirus

Has the Stock Market Hit Bottom Yet? (COVID-19 Predictions)

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With the COVID-19 pandemic raging worldwide and the total case count surpassing one million worldwide, the stock market entered nearly total free-fall in March 2020.

Stock Market Freefall

The plunge began on Monday, March 9, with the largest point drop for the Dow Jones Industrial Average (DJIA) in recent history.

Shortly thereafter, on March 12 and March 16, there were two more record-setting point drops.

In total, these three days —which happened within the span of a single week—were three of the worst stock market point drops in U.S. history. [Read more…] about Has the Stock Market Hit Bottom Yet? (COVID-19 Predictions)

Preparing for the COVID-19 Market Crash: What to Do With Your Money

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In the U.S. alone, there are now over 85,000 confirmed cases of covid-19. In response to this sudden pandemic, the markets have taken a wild turn and stock prices have been tumbling.

But how did this happen? And what can we do—if anything—to come out better on the other side of this market crash? Let’s talk about what you should do during an economic collapse to protect your family and your finances. [Read more…] about Preparing for the COVID-19 Market Crash: What to Do With Your Money