EP 7 - What To Do With Your $1,200 Check? - 2 Trillion Dollars Stimulus Package

<p>In this episode, we discuss the 2 trillion dollar stimulus package that has passed and what you should do with the $1200/2400 that you will receive. We mention our do's and don'ts for the money coming in. We prioritize how you should always have an emergency fund and if you do not have one definitely start to work on that now using this cash is coming in. We talk about how you are eligible to receive this cash and what you need to do to receive it. </p> <p>Help support us by joining our Patreon! (<a href='https://www.patreon.com/BrokeMillennialFinance'>https://www.patreon.com/BrokeMillennialFinance</a>)</p> <p>Subscribe To Our YouTube Channel: (<a href='https://www.youtube.com/c/brokemillennialfinance'>https://www.youtube.com/c/brokemillennialfinance</a>)</p> <p>Here are the referral links for you to join to get your free stocks:</p> <p>Robinhood: (<a href='http://join.robinhood.com/mohamak17'>http://join.robinhood.com/mohamak17</a>)</p> <p>Webull: (<a href='https://act.webull.com/i/QNmo8WB8Yzc2/74x/'>https://act.webull.com/i/QNmo8WB8Yzc2/ufl/</a>)</p> <p>Coinbase: (<a href='http://coinbase.com/join/khan_st?src=ios-link'>http://coinbase.com/join/khan_st?src=ios-link)</a></p> <p>Show Notes:</p> <ul><li style="font-weight:400;">How to get the $1200 stimulus package check</li> <li style="font-weight:400;">What makes you eligible? <ul><li style="font-weight:400;">Making less than $75k ($150k combined) but up to $99k ($198k combined). It starts to phase out when your over $75k ($150k combined)</li> <li style="font-weight:400;">Filed 2019 taxes, if not 2018. If you did not file you are not eligible.</li> </ul> </li> <li style="font-weight:400;">What should you do with this? <ul><li style="font-weight:400;">Put it aside in your emergency fund.</li> <li style="font-weight:400;">Place it in a high yield savings account like Ally.</li> <li style="font-weight:400;">Invest it in the stock market</li> <li style="font-weight:400;">Splurge on something luxurious</li> <li style="font-weight:400;">Invest in you