Take the Fear out of Your Finances Amidst the challenging times we're facing in our country right now, it's easy to get caught up in the fear of the unknown. Instead of focusing on how out of control things may feel, let's lean into the ways you can reduce fear and gain control of your personal finances.1) Talk About It. Share your money concerns with a trusted person (not one trying to sell you a product or viewpoint). Especially in these times of isolation and 24/7 media, what we need most is another healthy human being to talk with. We at BridgeQuest promise to listen and seek to understand before making any judgment or recommendation if you bring concerns to us.2) Be strategically diversified with your investments and don't try to time the market.https://www.bridgequest.com/april-2020-portfolio-updates3) Save Taxes. A silver lining in a highly volatile year such as this is to consider tax harvesting (essentially selling depreciated after tax investments at a loss and reinvesting in different investment to trigger a loss that can be used to lower 2020 taxes). We are already doing this if you have after-tax investments with us, but if you have any questions on how this could work in your situation, reach out to us and/or your CPA.4) Use a Rollover Bucket. What's a rollover bucket? It's essentially saving, or "rolling over" money you've saved during COVID-19 such as travel, gas, or eating out funds into a separate account (savings, checking, etc.) and earmarking them for future fun/impactful use. This can be a way to provide healthy delayed gratification while automating savings. Although we don't know when that might be, we know we will need more money for fun things in the future. For the Gazaway family, we are choosing to have a rollover bucket for a longer beach vacation next year, and it's funded in part by not taking our planned summer vacation this year. The kids are bummed but they are also excited that we will do something even cooler next year...hopefully!5) Buy a Puppy. Okay, so basically this is just a test to see if you would actually read this far. If you did, thank you. Don't buy a puppy for financial reasons. But if you're okay with all that extra expense and work in your life, it can be pretty amazing ROI for a family...if you don't believe us, just look at Steph's newest addition to their family, young Sully (8 weeks old). BridgeQuest Wealth Strategies Career changes, retirement, aging parents, liquidity events—navigating life’s big transitions gets much easier with an experienced guide. The BridgeQuest team leads you in the right direction with independent asset management tailored to your goals. Your plan will include objective advice and personal attention every step of the way.