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: