237. C.O.V.I.D. The Acronym… And What It Means For You!

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Allie & Duane share what the acronym C.O.V.I.D. mean for you.

Info from Jim Dew… CEO and founder of Do Wealth Management… A certified finical planner, a finical consultant, a certified wealth adviser.

C.O.V.I.D. Stands for:

C – Cash

1. What do you have on hand
2. What do you have that can convert to cash
3. Access to cash (Lines of credit, credit cards, PPP, SBA)

O – Outgoing

V – Variable vs. Fixed

I – Incoming (how can you increases revenue, other streams of revenue

D – Decisiveness (lean into your decisions, what’s your purpose)

CLICK HERE for the link to the original podcast of Jim explaining the acronym.