Here's what you can do if you're panicking about the Coronavirus

The video discusses strategies to manage stress during market downturns, emphasizing the importance of not obsessing over account balances and instead focusing on long-term financial health. It highlights the benefits of exercise for both physical health and financial savings, advises against retail therapy, and stresses the importance of budgeting. The video also encourages checking in on elderly relatives during health crises, managing debt effectively, and increasing retirement investments. Maintaining a calm mindset is crucial to avoid irrational decisions.

What is a recommended way to distract yourself from checking your account balances during market fluctuations?

• Invest in high-risk stocks

• Ignore financial planning

• Exercise regularly

• Engage in retail therapy

According to the video, what is linked to making financially risky decisions?

• Boredom

• Confidence

• Happiness

• Anxiety

What percentage of American adults reportedly do not have a budget?

• 60%

• 75%

• 66%

• 50%

Why is it beneficial to pay off credit card debt according to the video?

• It reduces your credit score

• It allows for more spending

• It provides a guaranteed return

• It increases your credit limit

What should you ensure when you have a 401K plan?

• Invest in low-interest savings

• Avoid employer match

• Withdraw funds regularly

• Maximize employer match