CNBC: “Feeling anxious about money? Increasing your financial knowledge can help”
October 9, 2020 — In today’s feature on CNBC, reporter Carmen Reinicke, @CSREINICKE writes:
“Taking steps to sort out your finances, including increasing your financial knowledge, can help alleviate money stress in times of uncertainty. Financial stress is nothing new for many Americans, and the coronavirus pandemic has exacerbated anxiety for a lot of people.”
He reports that as many as 84% said in September that the Covid-19 crisis is causing stress in their personal finances, according to a survey released Thursday from the National Endowment for Financial Education.
For advice on how to handle the load, Reinicke turned to Marguerita Cheng, CFP and chief executive officer at Blue Ocean Global Wealth in Gaithersburg, Maryland.
“Asking for help is key,” Rita said. “And working with a financial planner can give you a road map for times of great uncertainty such as today. The financial plan gives people the confidence to know ‘yes, there’s going to be market volatility, yes, there’s going to be a pandemic and then there’s going to be an election. But these are my goals.”