54 - COVID-19: CARES Act - Mo' Money or No Money?

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This week we give you the update on what to expect regarding government benefits, as well as offer our perspective on what might come in the long-term and how you can financially brace yourself.

This week we give you the update on what to expect regarding government benefits, as well as offer our perspective on what might come in the long-term and how you can financially brace yourself. 

In this episode:

  • Good news - PPP gets more funding [:30]

  • Know the rules of forgiveness [2:30]

  • It might be a good time to get credit [4:00]

  • Unemployment benefits are coming through [4:30]

  • Tax rebates checks are going out this week [7:30]

  • The bad news - Tip of the iceberg for our debt market cycle [9:00]

  • How are people going to pay their bills when these benefits run out? [11:00]

  • Credit is tightening [14:00]

  • Mortgage forbearance and when to use it [16:00]

  • Take a cautious approach with reopening [20:00]

  • Prepare financially for a long comeback [23:30]

  • There is no shame in bankruptcy [26:00]

  • Additional layoffs are coming [27:30]

  • Time to plan for purchases if you are still employed, as prices are about to drop [30:30]

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