today we're gonna talk about thestimulus relief package though it's just approved by Congress I'm gonna enter allyour questions like what is this money who qualifies for this money how do Ireceive this money when will I get this money what do I do with this money I'mgonna answer all of your questions we're gonna go over the different scenarioshow it all works I'm gonna break it all down for you and then I'm also going totalk about three different scenarios life scenarios that you may be in andyou're gonna fall into one of those three and then what to do in thatsituation if you're in this situation that's the tradition or this situationor break it all down for you let's get into it our life has been completelyturned upside down it is just so different than it was just four weeksago it is crazy how different April is starting from when March was startingand I honestly never thought it would get to this point I never in a millionyears thought that this would be coming for weeks ago absolute crazy so I amriding this along with you guys I am in the trenches with you I'm here for youand I'm hoping that you know my videos and my blog posts can give you a littlepeace and a little bit of comfort and just okay we got this so with that beingsaid I am doing videos now at this time to help you with this to help you youknow manage your way through what's going on in the world and the thecraziness of everything that's going on and making videos along with that soI've done a video on our twenty thousand dollar pay cut that our family took howare weathering that and that's a great video if you are going through a pay cutwhere you've gone through a layoff or or lost your job or know someone that hasshare that video with them but also shared videos on things that we cut fromour budget as well as electric costs right now we're stuck at home until whoknows how long and our electric bill is rising rising rising because we werehome 24/7 now so I gave some tips on how to deal with the electric belt so I'mdoing lots of videos along the lines of the stimulus and all the differentthings that are happening with the quarantine and all that's going on sosubscribe but join the family I would love to have you all these videos willbe linked it down below in the description box for you so you can gocheck them out there I'm going to do this whole video in very simple simpleterms similar me that I can understand and that you can understand as well sobasically what happened is the government is trying to help theeconomy we're what they're trying to do is to simulate the country is that itset the right word stimuli in the country but what they're trying to do isput money back into us the people our hands that we can put it back into witha country to get things going to get things moving again and you know to giveAmericans some relief in this now they're not giving tons of money toeveryone individually but they are giving some that will help help us alongso we're gonna go through all of that I honestly never thought I would see thisin my lifetime this is this is crazy the the package that was approved andthis is this is historic of what what's going on right now and you know this issomething that our kids gonna be learning about you know ten years fromnow and the history books it's crazy that we're living through this right nowthe numbers I know you guys want to know the numbers 9 out of 10 Americans willbe receiving this stimulus package so if you make under seventy five thousanddollars a year you will receive the full package which is twelve hundred dollarsif your spouse you and your your significant other make a combined totalof a hundred and fifty thousand dollars or less then you'll receive the fulltwenty four hundred dollars and then for every child sixteen or under it claimedas a dependent will receive five hundred dollars for each person taxpayers filingas head of household if they make under a hundred twelve thousand dollars fivehundred twelve thousand five hundred dollars they will receive a full twelvehundred dollars as well now what these numbers are based on it for your totalincome is your twenty nineteen taxes if you have not filed your twenty nineteenTexas yet then it will go off of your twenty eighteen taxes and then you'll bereceiving them via direct deposit the first group of people that will bereceiving them via direct deposit should have their money by April seventeenthwhich it's my birthday so remember that so if you're asking yourself what if Imake over seventy five thousand dollars or what if our family makes a combinedtotal of over a hundred fifty thousand dollars what about us how does that workso what is gonna happen is it's gonna go down by five dollars for every hundreddollars over the seventy five thousand or the hundred fifty thousand so if youmake I don't know two hundred thousand dollars then it's gonna go down by fivedollars for every hundred over 150 for that last fifty thousand dollarsit's gonna go down $5.
00 per hundred I'm also gonna have a blog post on this withsome links in there that you can go to to find out some more detailedinformation to get some additional information all of that is going to bein the blog post down below in the description box I do a blog for all ofmy videos but this one is the meet packed with information like this isyou're gonna check out a blog post this is the blog to check out it's gonna haveall that information and one of the things in there is going to be a link toa forum so say you need to update your direct deposit information so you needto update your address or whatever it is if you don't want to get direct depositif you want to get a physical check that's gonna be in that link as well somake sure you go check that out make sure that your information is allup-to-date and the portal that's gonna be really huge to make sure that you'regetting your money as soon as possible next question is is there more moneycoming we don't know right now Congress has said just this one timebut they've kind of left it open-ended so we have no clue if there's gonna beanother one down the road I think honestly Congress doesn't know what elseis going on they don't know how else this is gonna hit our economy they don'tknow what else is going what else is gonna happen so Congress has said forright now just this one just to use it wisely all right so you've received yourcheck it's April 17th we've already celebrated my birthday at home now whatare we gonna do with our money so I'm gonna go over a couple differentcategories of people the first one is for the people that are not financiallystable people that are really struggling first I'm going to ask is for you towatch my video on our $20, 000 pay cut how we're doing with that all of thatthat's gonna give you some really great tips on what to do if you receive a paycut what to do if you get laid off it's really gonna help give you some info andwhat to do 9/11 panic situation next is to makesure you're on a written budget make sure that you are tracking all of yourspend you guys know that I am all about the budget and I am the budget Queenno I'm freedom and about you but I'm all about the but just make sure you're on abudget make sure that you're tracking all of your spending that is soimportant then look at your four walls make sure that your four walls are takencare of is your housing taking care do you have a place to live is are yougonna be behind on your rent your utilities make sure your Atilla T's arepaid your food that you have food in the fridge and transportation that's goingto be the four most important things once those are taken care of ifany of those are behind it use this check to get ahead then I want you tostart looking at your other bills and you know do you have to maybe call yourlandlord to say hey this is what I'm going through this is this is what'sgoing on I just got laid off you know maybe check with their landlordand see if you can work out a deal with that see what's going on with with yourlandlord make sure that you're in constant communication with yourlandlord trust me I have friends that are landlords and they're a littlestress of what their TENS going on what what are their what's their mindset somake sure that you're in communication with Earl and that that's gonna help putthem at ease and just give you that comfort as well okay we talked about itwe're good if we're on the same page also reach out to other providers reachout to your cell phone company reach out to your car if you have a car loan thecar loan company reach out to your Tildy bill they may have different things inplace that can help you win this they may be able to defer payments for Xamount of days or whatever it may be so talk with those companies don't beafraid to pick up the phone they're really gonna be able to work with youand really come up with a solution it may be some give-and-take but trust meit's gonna be better than just sweeping under the rug and letting things go intodefault we want to take this time now to make sure that we are using this tothe best of our ability and make sure that we're using the $1, 200 or 2400 arehowever much you're getting depending on the size of your family to its maximumbenefit I really want to make sure that you guys are using it fully and not justyou know just shopping and going on Amazon next just to cut anything youdon't need guys there's so much stuff in our lives that we have that weabsolutely don't need this mitt this is a time of crisis right now this is atime where if you have stuff that you're behind on your bills you can't pay yourbills you have to cut other aspects you have to cut cable you have to cutsubscription boxes you have to cut different things like that and maybe youknow home delivery services and different things this is the time to dothat cutting and yeah it's gonna suck but this is this is what we have to doto get through this this financial crisis and it not saying it's gonna beforever but for right now this is what we have to do to make sure that we cancut back in those areas and you know limit youriving we're not supposed to be out in the roads anyway so limit your drivingreally cut back on gas really cut back on it utilities that you're using on theTV that you're watching go outside play do all of that stuff so that you can seeit as much money as possible also where's your emergency fund out whereare you guys at with that this if you have everything else taken care of Iwould recommend putting this towards your emergency fund depending on whereyou are financially stuff is gonna happen and you want to have thatemergency fund full I would honestly recommend it pay minimums on all of yourdebts don't be putting extra towards yoursnowball or avalanche right now I want you be paying minimums on your debts andstashing away cash for that if something happens because who knows you know yourjob may be secure but in two weeks it may not be you know we don't know what'sgonna happen the next set of people is the people that are financially stableand the people that are able to make their bills our jobs are secure they'refine financially and everything and what I would recommend for you guys it's thesame as as I just said is stop paying extras on your debt stop paying in anyof that I want you to be hoarding your cash I want you to be putting it allaway in an emergency fund you may have your thousand dollar merchants you findI think that it's really the time right now to be building that up to a three tosix to one year emergency fund make sure that you have that cash casesomething happens and in case you know something happens to your family orwhatever it is that you can have that cash and start stockpiling after this isdone you can put some of it back into your debt and everything but we honestlywe don't know what's what's gonna happen we don't know how long this is gonnalast this has already lasted a lot longer than they thought it would be andit's I don't see it stopping anytime soon so now it was a great time to holdsome cash and really just hold on to you know hold on to it and to to go intocrisis mode to go into okay we're gonna we're gonna build up our merchants iifund right now and the last group are the people that are financially freewhat are you guys doing with your money at this time honestly this is the timeto give this is the time to help people that can't buy groceries this is thetime to put a tank of gas in someone's car to pay for the person behind you toreach out to the churches that churches struggling right now financially reachout to them reach out to small businesses do extra things of take outto help out those local restaurants this is the time now to give this is the timeto put money back into the economy and to help your neighbor to help yourfamily to help people this is really great time to really just dig in and andyou know use your money for good and use your money for what it's intended forand I honestly believe that you know our money is not ours it's it's it's God'smoney and so this is the time that we are going out and we're giving alsoinvestments what is it what's your portfolio look like right now it's agreat time to be buying right now is a great time to be up in your your IRAupbringing your contributions you know upping your index funds and buying ETFsand different things like that now is the time you know you got extra money anextra five hundred dollars after giving and different things hey throw it in themarket you know it may be scary you may not want to work look at your form k oranything like that but now's when you're buying stocks on sale and ETFs on saleand everything so what's what's your investments look like this is a greatgreat time to be buying them and of course with all that being said it makessure that your merchants even is fully funded I really recommend having sixmonths to a year worth of emergencies that's that's our minimum that we wantto have an emergency fund we are building that up right now as we are youknow putting everything that we can towards our saving is to really buildingthat emergency fund up to a full year's worth of savings $1, 000 that's not goingto cut it one month that's not gonna cut it long term that's a great small termemergency savings but not long term I want at least a year's worth of expensesin our emergency fund if you want to hear about our twenty thousand dollarpega and how we're dealing with it what to do if you receive a pay cut orlayoffs whatever it is check out this video here and if you want to know howto cut your electric bill how to save money electric bill check out this videohere Hey.
