Health, Wealth and Corona - Tough Decision Time.

Fredrik is flying solo for this episode as he reflects on the current worldwide situation and the changes it has already brought to daily life for everyone. Fredrik has experience as a medical officer in the special forces and considerable experience and expertise as a leader considering both others and his own welfare in extreme situations. He shares his thoughts on what’s important and how being prepared can be the best way to move forward in a world that is changing the way it operates rapidly. KEY TAKEAWAYS The economy is based on the production, distribution and consumption of goods and services. Due to the global pandemic currently being experienced consumption has changed. This global crisis will affect everyone but in different ways. Businesses have changed the ways they are working or have closed completely; the world has changed considerably in a very short amount of time. The positive financial market increases over the last few years have been wiped off. Billions if not trillions of value has been lost from the financial markets, at least temporarily. Politically over the last few years, there have been extensive power plays from different leaders and increased protectionism between countries which has been evident in the past weeks. For the financial markets, the Coronavirus has created the black swan of finance – as people continue to try and move liquid money out of assets. People have been exiting lots of different strategies at the same time Each country is trying to protect their own currencies by offering loans and implementing strategies that will allow people to operate on increased credit. Many industries have been stopped through government intervention and it’s difficult to know how this will look moving forward. The whole world is slowing down with less traffic as people work from home and the world operates in a different way. BEST MOMENTS ‘If you are working to be prepared then you are going to be in a stronger position overall’ ‘There is a huge fluctuation in currencies with the pound being at its lowest for some time’ ‘I took the tough decision to stay in the UK while my family are in Sweden and I don’t know when I’ll see them again’ VALUABLE RESOURCES Invest In You Podcast Trust is the New Currency book by Sheila Holt & Fredrik Sandvall Kickstarter How To Make Money As A Teenager book  ABOUT THE HOST Serial entrepreneur Fredrik Sandvall loves sharing ideas and interviewing world-class entrepreneurs and influencers. Invest in You is about investments, entrepreneurs, personal development and doing fun things. He hopes to ensure you take action, helping others and yourself, plus enjoy the journey we call life. CONTACT METHOD Contact Fredrik Sandvall – Invest in You  https://www.linkedin.com/in/sandvall/?originalSubdomain=uk  https://sandvallinvest.com/  https://www.facebook.com/FredrikinLondon https://itunes.apple.com/gb/podcast/investing-skills/id1445899547?mt=2  Contact Charlie Sandvall  Charlie Sandvall LinkedIn  Contact Ivan Sandvall  Ivan Sandvall Instagram