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
- What do you have on hand
- What do you have that can convert to cash
- 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.