[E11] How to Invest Your Stimulus Money for Maximum Impact

<p>COVID Relief Bill #3 → $1.9 Trillion</p><p>What’s Inside?</p><p>How much will you get?</p><ul><li>Stimulus Check Scenarios</li><li>Child Tax Credit</li></ul><p>NOT Free money!!</p><p>You’ll spend decades, possibly the rest of your life paying for this...</p><ol><li>Inflation...</li><li>Higher taxes...</li></ol><p>If you need the money, use it to cover the basics first: food, shelter, healthcare, etc.</p><p>If you don’t “need” the money, put it to work.</p><ol><li>MAX Your Roth IRA/401k</li><li>Spread out across mutual funds and crypto investments</li><li>Go cash heavy so that you’re ready to invest when the real estate market pulls back</li><li>Use it to offset tax burden<ol><li>Rolling over an IRA</li><li>Cashing in a whole life policy</li><li>Etc.</li></ol></li><li>Start a business<ol><li>No more excuses (“I don’t have the money”)</li></ol></li></ol>