CORONAVIRUS: Impact to Your Wealth, Health and Happiness

Serving Burlingame, Foster City, and San Mateo with exceptional estate planning.

By Laura Croft, Esq.

Mar 02
Coronavirus

While it’s still hard to tell how the Coronavirus will impact us in the long term, it’s become a subject that’s impossible to ignore. While some are advocating we prepare to be quarantined, potentially for months, others are saying the virus is nothing more than a common cold. The World Health Organization takes a more middle-of-the-road approach, advising we take precautions without becoming alarmed.

Whether the coronavirus is a dangerous pandemic or just a common cold, there is the possibility that your business could be affected due to public perception and fear. We’re going to empower you to make informed decisions for your business. Here are some possibilities to keep in mind, and actions you might take.

Consider shifting to virtual or remote services if you do not currently offer them. Even if you never have to experience a quarantine, it could be a good exercise to consider for your business. If you need help thinking it through, call us for consultation.

Consider sharing immunity-boosting strategies with your employees, vendors and clients. I’ve listed some of my own suggestions below.

And lastly, stay as informed as you possibly can.

For your reference, here’s a link where you can track infection and death rates over time. As you can see, the numbers are increasing daily. Most of the people who die from coronavirus are over the age of 60,  and people who have chronic illnesses like heart disease and diabetes have a 5–10% higher chance of dying from it. So if you have parents who may need information on how to boost their immunity, it would be good to share this article with them. 

This video shares that, as of January 30, 2020, approximately 8,000 people had been infected with the Coronavirus, and 214 had died. The video indicates that symptoms are similar to a bad respiratory cold, with fever and cough, and that the only treatment is fever-reducing medication. Taking precautions now to up your intake of immunity-boosting supplements, the same way you might if there was a cold circulating in your community, would be a great idea.

A friend of mine shared some resources they’d compiled to help shore up their immunity, and I’ve included them in the list below. This is not medical advice. Consult your doctor before taking any supplements at all. These are just the things I am considering for my family, and I’m sharing with you so you can make the call for yours.

Supplements I recommend:

  • Vitamin C 
  • Vitamin D, 3000 units or more 
  • Sodium Ascorbate, 1250 mg. or more
  • Zinc, 30 - 50 mg 
  • Black elderberry, 600 - 1500 mg
  • Lion’s Mane (Host Defense by Stamets)
  • NAC (1200 - 1800 mg)
  • Lipoic acid (1200 - 1800)
  • Spirulina (15 g)
  • Selenium (50 - 100 mcg)
  • Glucosamine (3000 mg or more)
  • Yeast Beta-Glucan (250 - 500 mg)
  • Supplies to keep on hand:

  • Colloidal Silver
  • Oregano oil
  • Immunity boosting essential oils like Thieves or OnGuard Oil
  • Sanitizing wipes
  • Protective masks
  • Additional Tips:

  • Wash your hands, more than you usually do, and consider wiping down surfaces on airplanes, public transportation, and at the gym with your own sanitizer wipes.
  • Have emergency food, water, and medical supplies prepared (always a good idea).
  • Practice breathing through your nose instead of your mouth. Nose hairs offer natural protection from airborne viruses. This is especially important for those living in big cities.
  • Consider avoiding crowded places like airplanes, churches, theaters, etc.
  • Make sure you are drinking plenty of purified water.
  • If you smoke, it’s an especially good time to quit to protect your lungs.
  • In the event you or a loved one do get sick and need to go to the hospital, it’s important to prepare a list of your needs. Include your preferred hospital, your primary care doctor and any specialists, food allergies and preferences, and supplements and medications you take. Also indicate any procedures you desire or don’t desire. Additionally, you should name the person or people authorized to make healthcare and financial decisions for you if you cannot make them for yourself. We can help you prepare these documents in our office, either to take precautions against coronavirus or for any other reason. Please get in touch if you are ready to get this handled and would like our help.

    We are here to support you making educated, informed, empowered decisions for yourself and the people you love, in all areas of your wealth, health, and happiness. 

    ​Proper estate planning can keep your family out of conflict, out of court, and out of the public eye. If you’re ready to create a comprehensive estate plan, contact us to schedule your Family Wealth Planning Session. Even if you already have a plan in place, we will review it and help you bring it up to date to avoid heartache for your family. Schedule online today.

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    About the Author

    I have five children, two of my children have special needs and one is my step-daughter. On a deep level, I understand how every family has special gifts, dreams, fears and goals and I am deeply committed to be your trusted advisor who helps you make the very best personal, financial, and legal decisions for your family throughout your lifetime.