The Corona Effect

Be fearful when others are greedy. Be greedy when others are fearful. – Warren Buffet

The world is experiencing a lot of fear right now due to the Corona Virus. People have emptied the shelves at supermarkets because they want to stack up on food and supplies. We’re experiencing a lot of social distancing currently due to this pandemic. Countries are closing their borders, business are asking employees to work from home. Business meetings and social events are being cancelled, the stock market is down, schools are closed, universities are now conducting classes solely online, etc…

There’s a lot of fear and anxiety going on and a lot of people have been greedy when it comes to buying food and supplies in case the country completely shuts down. But what else can we be greedy in so once this is all over with that we’re in a better condition going forward? What can we take advantage of during this time? No matter what’s going on in life, there’s always a positive. What’s the positive in all of this?

Through every economic crash, those who fear gets poorer and some use that time period to create more wealth. Instead of living in fear everyday, ask yourself how you can use this time period where everyone is living in fear to create a better life for yourself going forward.

For instance, if you have a job that doesn’t allow you to work from home and it forces you to go see people everyday while this virus is so easily transmissible, think of a way to earn a living from home, invest in a skill set that doesn’t require you to be physically there all the time to make a living. If you have money saved, invest in the stock market and buy everything for cheap. If you have a business, think of a way to increase profits during this time and take your business to the next level. If you’re just at home doing nothing, invest in yourself and come out of this a better equipped individual who can thrive through any crisis and be ready for the next one.

Be greedy in a way that will make you better once this is all set and done. Use fear to make you stretch yourself never to bend and fold.

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