• Ramit Sethi is a millionaire entrepreneur and founder of personal finance website I Will Teach You To Be Rich.
  • During the COVID-19 pandemic, college graduates and school leavers should think strategically about their financial future, he said.
  • Speaking to Business Insider, he gave four tips for financial and career success, which include picking 10-15 companies where you want to work and being prepared to move for a job.
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    • How can you set up your financial future during the COVID-19 pandemic? College graduates and school leavers have been asking themselves that very question — and there are few people better to answer than Ramit Sethi. He is a millionaire entrepreneur, a New York Times bestselling author, and creator of the personal finance platforms I Will Teach You To Be Rich and Earnable.
    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.
    Here are his four top tips.
    Make a plan — "Prepare for the good, bad, and worse" "Don't wait for somebody else to tell you what's going to happen" with your future, Sethi said. Success will arrive if you take the lead and properly plan for it.
    Plan three scenarios: good, bad, and worse, he said. Ask yourself what would happen if both your career and finances go as you hope — start with the scenario in which you maintain a good job and your household thrives. Then imagine the opposite, and ask yourself: What expenses would you have to cut? How long you could survive if you lose your job?
    "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.