I was walking the golf course with my dad in early fall.\r\n\r\nIt was 2008 \u2014 more than a decade ago, yet I still remember it like it was yesterday. He was teeing up his ball, as I asked him, \u201cAre we okay?\u201d\r\n\r\nI was 14 years old, in my first year of high school. My biggest worries were what part I would land in the school play, if I could make new friends, and my grades in math.\r\n\r\nBut I was old enough to know that something serious was happening. I didn\u2019t understand the full scope, but my parents had clued me in enough to know what a recession was and why people were so scared.\r\n\r\nI remember my dad pondering my question, and then thoughtfully responding \u2014 \u201cWe\u2019re okay. We\u2019ve lost a lot of money. But we\u2019re okay.\u201d\r\n\r\nNow, it\u2019s 2020. I\u2019m 25, an adult and a business owner living in Seattle. And I\u2019m scared.\r\n\r\nAll signs point to another recession. The coronavirus is tearing apart our economy \u2014 small businesses are losing much of their revenue, unemployment is reaching all-time highs since the Great Depression, and the stock market continues to be volatile. \r\n\r\nIt\u2019s not looking good.\r\n\r\nThe worst part is the unknown. I\u2019m sure many felt this way in 2008, but I feel like with the added weight of a global pandemic, we\u2019re living in a constant rollercoaster of uncertainty.\r\n\r\nFor many women in my community at Her First $100K, that uncertainty is the worst part. Many of my followers are struggling \u2014 they\u2019re out of work, constantly anxious \u2014 and they\u2019re looking to me for advice. People are coming to me for answers, and because everything is so unknown, I don\u2019t have a lot of them besides applying for government support, building what emergency savings you can, and cutting all unnecessary expenses.\r\n\r\nFor many of my friends, they\u2019re facing the same struggles. Lack of work, lack of resources, lack of certainty. So many of my friends have no idea how they\u2019re going to pay their rent this month. My entrepreneur colleagues are especially feeling the heat \u2014 we are not only responsible for our personal expenses, but responsible for our employees and the success of our businesses.\r\n\r\nMuch like my parents in 2008, I\u2019ve lost a lot of money (almost a quarter of my net worth), but I\u2019m okay. I\u2019m lucky enough to be in a financial position where I\u2019ll be able to support myself, at least for a while. I have a fully-funded emergency savings, I\u2019ve built a largely online business, and I\u2019m healthy.\r\n\r\nI\u2019ve felt this survivor\u2019s guilt over the past month, especially living in Seattle. I almost feel badly that I\u2019m financially secure, that my business is (so far) staying steady. It\u2019s hard to watch chaos around you, and for me as an empath, I want to do everything I can to help.\r\n\r\nI\u2019m reminded every day how important my work as a financial speaker and coach is. Giving women actionable resources to feel financially confident and secure is my mission in life, and during times of crisis, it\u2019s even more important to give nonjudgmental, compassionate advice.\r\n\r\nMore than anything, we will get through this. We\u2019ve successfully rallied through our last recession, and the one before it, and the one before that. Whether you, a family member, close friend or colleague are looking to plan an emergency fund, keep track of your adjusted spending or net worth, you can use Personal Capital\u2019s free financial tools to help get a clearer picture of your finances during this volatile time.\r\n\r\nThis is such a hard time for everyone. All we can do is support one another \u2014 lead with empathy and positive intent. Show up for our local businesses and entrepreneurs. Check in on family members and friends. Offer ourselves compassion. \r\n\r\nAnd if I can do anything to help, please don\u2019t hesitate to ask. \r\n\r\nWorried About the Market? Download Our FREE Guide to Market Volatility\r\n\r\n\r\n*Personal Capital compensates Tori Dunlap (\u201cAuthor\u201d) for providing the content contained in this blog post. Additionally, in a separate referral arrangement between Author and Personal Capital Corporation (\u201cPCC\u201d), Author is paid $70 and $150 for each person who uses Author\u2019s webpage (www.HerFirst100k.com) to register with Personal Capital and links at least $100,000 in investable assets to Personal Capital\u2019s Free Financial Dashboard. As a result of these arrangements, Author may financially benefit from referring potential clients to Personal Capital and\/or be incentivized to present blog content that is favorable to PCC. No fees or other amounts will be charged to investors by Author or Personal Capital as a result of the Referral Arrangement. Investors that are referred to PCC and subsequently subscribe for investment advisory services provided by PCC\u2019s affiliated adviser, Personal Capital Advisors Corporation (\u201cPCAC\u201d) will not pay increased management fees or other similar compensation to Author, PCC or PCAC as a result of this arrangement. Additional information about PCAC is contained in Form ADV Part 2A available here.