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: