Elizabeth Ayoola
๐ค PersonAppearances Over Time
Podcast Appearances
Day to day, I'm watching things like inflation and the impact to the labor market, and I anticipate we're going to see some uncomfortable changes in both of these areas. But bigger picture, I'm concerned that the approach to economic policies under this administration could undermine the strength of our economy longer term. This is...
less of a sure thing than higher prices due to tariffs, that will happen. But it's a big concern of mine. And then what worries me as an individual is what I think worries most of us. What does the market volatility mean for my retirement? How will tariffs impact the cost to maintain my car? Because I really love my car too. So that's a big one.
less of a sure thing than higher prices due to tariffs, that will happen. But it's a big concern of mine. And then what worries me as an individual is what I think worries most of us. What does the market volatility mean for my retirement? How will tariffs impact the cost to maintain my car? Because I really love my car too. So that's a big one.
less of a sure thing than higher prices due to tariffs, that will happen. But it's a big concern of mine. And then what worries me as an individual is what I think worries most of us. What does the market volatility mean for my retirement? How will tariffs impact the cost to maintain my car? Because I really love my car too. So that's a big one.
If the worst case happens and we do enter a recession, who around me might lose their job? Is my emergency fund big enough? And can it ever be? I think these concerns are pre-universal.
If the worst case happens and we do enter a recession, who around me might lose their job? Is my emergency fund big enough? And can it ever be? I think these concerns are pre-universal.
If the worst case happens and we do enter a recession, who around me might lose their job? Is my emergency fund big enough? And can it ever be? I think these concerns are pre-universal.
Yes, I have many of these too, Liz, so I feel you. So is there anything I can absolutely 100% ignore?
Yes, I have many of these too, Liz, so I feel you. So is there anything I can absolutely 100% ignore?
Yes, I have many of these too, Liz, so I feel you. So is there anything I can absolutely 100% ignore?
I think the answer to that might be different for everyone. In an effort to stay informed, you may be putting yourself under undue stress. So I think the key to knowing how much information to consume is weighing the costs of that information. And that involves first understanding why you're paying attention.
I think the answer to that might be different for everyone. In an effort to stay informed, you may be putting yourself under undue stress. So I think the key to knowing how much information to consume is weighing the costs of that information. And that involves first understanding why you're paying attention.
I think the answer to that might be different for everyone. In an effort to stay informed, you may be putting yourself under undue stress. So I think the key to knowing how much information to consume is weighing the costs of that information. And that involves first understanding why you're paying attention.
Is your goal of listening to have more informed conversations, to make better financial decisions, to get amped up and mad when things are chaotic? I don't think anyone really wants that last one. But at some point, there are really diminishing returns where the more you know, the fewer benefits you're getting from it and the worse you feel.
Is your goal of listening to have more informed conversations, to make better financial decisions, to get amped up and mad when things are chaotic? I don't think anyone really wants that last one. But at some point, there are really diminishing returns where the more you know, the fewer benefits you're getting from it and the worse you feel.
Is your goal of listening to have more informed conversations, to make better financial decisions, to get amped up and mad when things are chaotic? I don't think anyone really wants that last one. But at some point, there are really diminishing returns where the more you know, the fewer benefits you're getting from it and the worse you feel.
So I think it's useful to ask yourself, how much do I really need to know? And how soon do I need to know it? These things are happening around us so fast that staying up to date in real time is a full-time job. Trust me, it's my job. It's your guys' job too. So maybe you throttle your consumption by setting boundaries about what you consume and when and where you get it from, for instance.
So I think it's useful to ask yourself, how much do I really need to know? And how soon do I need to know it? These things are happening around us so fast that staying up to date in real time is a full-time job. Trust me, it's my job. It's your guys' job too. So maybe you throttle your consumption by setting boundaries about what you consume and when and where you get it from, for instance.
So I think it's useful to ask yourself, how much do I really need to know? And how soon do I need to know it? These things are happening around us so fast that staying up to date in real time is a full-time job. Trust me, it's my job. It's your guys' job too. So maybe you throttle your consumption by setting boundaries about what you consume and when and where you get it from, for instance.
Well, for me, it's all about controlling that flow of information and primarily controlling the sources of information. Personally, my warning bells go off when I'm seeking economic news or information and I'm met with high emotion delivery. For that reason, I really don't use much social media as a source for this information.