53 - COVID-19: CARES Act - 420 and Yo' Money Update

covid-19-cares-act-money-420.jpg

In today's episode, we go over some of the underlying causes of the problems countless people have encountered with the PPP, as well as highlight a few of the silver linings to these dark days. What do you think the long-term economic implications are f

In today’s episode, we go over some of the underlying causes of the problems countless people have encountered with the PPP, as well as highlight a few of the silver linings to these dark days. What do you think the long-term economic implications are for this crisis? We share our thoughts.

In this episode:

  • PPP ran out of money - bad news. Did the treasury know this was going to happen?  [:30]

  • The process of banks and consumers doing business with the SBA and why so many got left out [3:00]

  • Why it isn’t a fair process [5:30]

  • Colorado update - self-employed unemployment benefits open up on 4:20 [10:00]

  • More states are coming online to take claims [11:00]

  • Student loan payments are deferred for federally backed loans [12:00]

  • Can you break your lease? [13:30]

  • Should you claim bankruptcy? [15:00]

  • EIDL and other resources update [18:30]

  • Recession forecast from the IMF [19:30]

  • Start thinking of your plan. What comes after the unemployment benefits? [23:30]

  • The importance of estate planning [26:30]

  • Additional layoffs are likely [28:00]

  • It’s time for a dose of realism [30:30]

If you’d like to watch on YouTube, check out our video here: