4 steps for graduates to set up their financial future during COVID-19 - Business Insider

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How college graduates and school leavers should set up their financial future during COVID-19, according to personal finance guru Ramit Sethi

He told Business Insider that people shouldn't "put a silver lining" on the current crisis: Whole industries may disappear as a result of COVID-19, and the economy could suffer for years to come. But there are still opportunities, he said, as he offered advice for college graduates hunting for a job and school leavers considering a gap year."Don't wait for somebody else to tell you what's going to happen" with your future, Sethi said.

"Since we unconsciously tend to assume things will go well, this plan forces you to acknowledge what might happen if things don't — and make a plan before your back is against the wall," Sethi said.If you're just starting your career, remember that your approach to finding a job is just as important as your skills and experience, Sethi said.

Alternatively, if the job can be done remotely, make the case for why you're the right person to do it in your cover letter. If you have previously studied or worked remotely, use that as evidence to prove that you are capable. "Suddenly you've taken what is a very challenging economy, and you've opened up many more opportunities for yourself," Sethi said.

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