WEBVTT - Coronavirus Stimulus Checks Are Coming! Here's What To Do With Yours 0:00:16.040 --> 0:00:26.000 Hey, hey, hey, we're back. We're black, We're brown. Hey, 0:00:26.079 --> 0:00:32.680 mandra Hey. 0:00:28.600 --> 0:00:31.080 You don't sound very ambition. 0:00:31.360 --> 0:00:37.319 Oh sorry, yeah, it's been a long year, I know. 0:00:38.560 --> 0:00:41.920 Oh my goodness, Yes, yes, I just I mean, I 0:00:41.960 --> 0:00:45.599 feel like we're all it's hard. Maybe I'll just give 0:00:45.600 --> 0:00:47.400 myself a break and just can I just complain for 0:00:47.440 --> 0:00:49.839 a second. And I also want to give everyone else 0:00:49.920 --> 0:00:52.600 permission to complain, because what I find myself doing is 0:00:52.720 --> 0:00:54.880 not is being like, well, you know, we're all this, 0:00:55.120 --> 0:00:57.360 Like I'm not the only one. Everyone's gotten kids, some 0:00:57.400 --> 0:01:00.440 people have this going on. At least I'm not sick. Okay, 0:01:00.600 --> 0:01:03.240 all of that is true. But I think we're at 0:01:03.280 --> 0:01:05.120 the point now where we know this is going to 0:01:05.160 --> 0:01:07.959 be life as we know it for at least the 0:01:08.000 --> 0:01:11.520 next month and probably longer if we are realistic. And 0:01:11.640 --> 0:01:15.000 I think it's time for us to stop practicing like 0:01:15.600 --> 0:01:19.200 in naive optimism or like radical optimism to the point 0:01:19.200 --> 0:01:21.559 where I think it can almost be hurtful to people, 0:01:22.520 --> 0:01:24.399 you know, like we're not going to pray our way 0:01:24.400 --> 0:01:27.840 out of this, and there's not a ton of silver linings. 0:01:27.920 --> 0:01:31.960 I mean, there are definitely positive outcomes to this whole 0:01:32.920 --> 0:01:35.640 error that we're in right now. You know, you're forcing 0:01:35.720 --> 0:01:38.280 us to be closer to your family. You're forcing people 0:01:38.280 --> 0:01:40.520 to rely on one another and help each other. 0:01:40.520 --> 0:01:41.160 And that's all. 0:01:41.040 --> 0:01:45.960 Beautiful, but it's really for people who have whether you 0:01:45.959 --> 0:01:49.240 have kids or not, but especially those who have kids. 0:01:49.280 --> 0:01:53.520 Like the monumental shift that you have to make mentally 0:01:53.640 --> 0:01:58.240 about your work when everything everything is happening in a bubble, 0:01:58.320 --> 0:02:00.520 like everything is happening in these four walls that you 0:02:00.560 --> 0:02:03.960 live in. You know, bless people who live in tiny apartments. 0:02:04.120 --> 0:02:06.880 But even if you have a house, like your spouse, 0:02:07.200 --> 0:02:11.240 your child or children, your work, it's like, you know, 0:02:11.480 --> 0:02:15.120 if it weren't already clear, it's just it's throwing everything, 0:02:15.320 --> 0:02:20.959 all of the different dynamics of work, life balance, inequality 0:02:21.000 --> 0:02:23.280 for men and women. It's throwing all that into the mix. 0:02:23.400 --> 0:02:26.960 It's throwing who holds the bulk of childcare and the relationship, 0:02:26.960 --> 0:02:30.040 is throwing that in the mix. And it's also like 0:02:30.120 --> 0:02:32.520 you're working with people who are also dealing with the 0:02:32.520 --> 0:02:34.440 same crap that you're dealing with if they have kids 0:02:34.440 --> 0:02:37.200 at home or you know, their worlds are upended, and 0:02:37.520 --> 0:02:41.760 it's just such a bizarre time to it's almost like 0:02:41.800 --> 0:02:44.000 the people want I think we're at the point now 0:02:44.040 --> 0:02:46.799 where people's expectations that we can just pretend like this 0:02:47.000 --> 0:02:50.519 business as usual that is doing more harm to those 0:02:50.520 --> 0:02:53.720 of us whose work and home are so intertwined. Now, 0:02:53.800 --> 0:02:56.720 Like we need to acknowledge this is crazy, this is 0:02:56.760 --> 0:02:57.840 not normal. 0:02:58.400 --> 0:03:00.600 Because what do you do if you have a little 0:03:00.639 --> 0:03:03.639 like your four month old does not care that it's 0:03:03.639 --> 0:03:04.679 a conference car right now. 0:03:05.200 --> 0:03:07.400 Oh you and he's been on many he's been on. 0:03:08.760 --> 0:03:10.400 Because it's like what do you you know what I mean, 0:03:10.480 --> 0:03:13.320 it'd be one thing if let's just say, you know, 0:03:13.360 --> 0:03:15.840 you've been working from home all this time, and it 0:03:15.960 --> 0:03:17.520 was like, you know, it's been two years of you're 0:03:17.520 --> 0:03:19.280 working from home, so you know, you create a schedule. 0:03:19.360 --> 0:03:21.480 You know, maybe you have a nanny that comes. No, no, 0:03:21.800 --> 0:03:24.160 this is like oh yeah as of tomorrow, you in 0:03:24.200 --> 0:03:26.200 the four month old or like you and your two 0:03:26.280 --> 0:03:29.160 year old, Like it's so cute because like people on 0:03:29.160 --> 0:03:31.440 our team have little ones and they join they're like, hey, 0:03:32.000 --> 0:03:34.519 so we don't mind. But that doesn't work for everyone's job. 0:03:34.840 --> 0:03:38.160 Yeah, And I mean, fortunately I can work from home. 0:03:38.480 --> 0:03:40.400 And for those who are working out there, you know, 0:03:40.440 --> 0:03:42.480 you work at grocery stores, you're on their front lines 0:03:42.640 --> 0:03:45.720 in healthcare. Just God, bless you, and thank you so 0:03:45.800 --> 0:03:47.760 much for putting your lives at risk for the rest 0:03:47.760 --> 0:03:50.200 of us. I am really grateful, first and foremost that 0:03:50.240 --> 0:03:53.720 I have a job still, because they're projecting something like 0:03:53.880 --> 0:03:56.320 twenty to thirty percent unemployment, which is just. 0:03:56.400 --> 0:03:57.960 I can't my brain around it. 0:03:58.120 --> 0:04:01.800 Yeah, but yeah, but but even people who had plans 0:04:01.920 --> 0:04:04.960 for childcare, you know, we had a nanny all set 0:04:05.040 --> 0:04:08.160 up to start, and I ended up talking to my 0:04:08.200 --> 0:04:11.520 pediatrician and because whether you know this nanny in particular, 0:04:11.600 --> 0:04:16.080 she worked part time encountering patients at a physical therapy center, 0:04:16.200 --> 0:04:19.120 not necessarily people who were sick, but who were but anyway, 0:04:19.160 --> 0:04:21.520 she was around people in a healthcare environment. So we 0:04:21.600 --> 0:04:25.200 decided that was too risky. But even if she hadn't, 0:04:25.279 --> 0:04:28.080 you know, worked in the arena of healthcare a little bit, 0:04:28.200 --> 0:04:31.640 like even people who had nanny's who even would agree 0:04:31.640 --> 0:04:34.280 to social distance, you still can't trust that people aren't 0:04:34.360 --> 0:04:36.839 encountering other people who could have the virus. So a 0:04:36.880 --> 0:04:39.120 lot of people just got rid of their childcare plans. 0:04:39.160 --> 0:04:43.679 So so, yeah, the baby is here, and it's. 0:04:43.520 --> 0:04:45.160 Been really freaking hard. 0:04:45.200 --> 0:04:47.800 I'm not gonna lie I've been working at home since 0:04:47.839 --> 0:04:50.240 March ninth, so it's like my fourth week. For a 0:04:50.240 --> 0:04:53.920 lot of people, it's their third week working remote. My husband, 0:04:53.960 --> 0:04:57.080 I think, has had the hardest time with the because 0:04:57.080 --> 0:04:59.800 I had maternity leave, Like, oh, you mean I can't 0:04:59.800 --> 0:05:01.640 go anywhere do anything I want to do, and I'm 0:05:01.680 --> 0:05:04.240 just chained to this house forever. Okay, cool, that's maternity leave. 0:05:04.320 --> 0:05:07.560 So I was prepared a little bit for this new normal. 0:05:08.360 --> 0:05:10.719 But the biggest challenge for us, and I think a 0:05:10.720 --> 0:05:14.560 lot of couples has been Okay, whose job. It's like 0:05:14.600 --> 0:05:17.960 that it's the first week. Really last week when we 0:05:17.960 --> 0:05:21.080 were spending you know, both of us expected to work 0:05:21.440 --> 0:05:24.159 all day, you know, with with our respective jobs. For 0:05:24.200 --> 0:05:27.080 the first time, we really had like a power struggle 0:05:27.120 --> 0:05:30.880 of whose meetings were more important, who was better at 0:05:30.880 --> 0:05:33.440 doing X, Y Z with the baby, and you know, 0:05:33.720 --> 0:05:37.080 we it was just a hot damn mess. That's all 0:05:37.080 --> 0:05:39.080 I'm going to say. And I don't know if you 0:05:39.160 --> 0:05:42.560 and Superman, Well, Superman, he's still going out to his job, right, 0:05:43.800 --> 0:05:46.040 I mean, bless him for being out there, but that 0:05:46.360 --> 0:05:47.919 is that makes things a little bit easier. 0:05:47.960 --> 0:05:51.280 I feel like, yeah, yeah, no, it does. And then 0:05:51.440 --> 0:05:53.680 but I also I am always scared. Like this morning, you know, 0:05:54.560 --> 0:05:56.400 he woke up and he was coughing. We both kind 0:05:56.400 --> 0:06:00.000 of looked at each other, like so because you know, 0:06:00.160 --> 0:06:02.520 he has to interact with people. He's considered an essential 0:06:02.560 --> 0:06:06.760 worker because he manages three hundred units for Newark Housing Authorities. 0:06:06.800 --> 0:06:09.599 So it's like they can't not have people there to 0:06:09.640 --> 0:06:11.960 manage the units. If something breaks, someone has to organize 0:06:12.000 --> 0:06:14.640 that getting fixed. If folks have to have you know, 0:06:14.920 --> 0:06:18.920 people there to help run these you know, these apartments. 0:06:19.279 --> 0:06:21.080 But I'm always worried. I mean, they one thing they 0:06:21.080 --> 0:06:23.640 have done at his job is that they give them 0:06:23.680 --> 0:06:27.000 three days on two days off now, so he only 0:06:27.040 --> 0:06:30.840 works Monday, either Monday Tuesday Wednesday or Monday Thursday Friday 0:06:30.920 --> 0:06:33.520 to kind of limit his exposure. And they only you know, 0:06:33.560 --> 0:06:35.600 if they're going into apartments now to do anything. They 0:06:35.960 --> 0:06:39.479 only can go in if it's an emergency. So it's like, 0:06:39.960 --> 0:06:42.400 you know, not like if something light is wrong, you 0:06:42.440 --> 0:06:45.840 know that has to wait. But still it's frightening because 0:06:45.920 --> 0:06:50.400 I three hundred units, times how many people per apartment 0:06:50.520 --> 0:06:54.320 or per townhouse. I mean someone he's running to has corona, 0:06:54.400 --> 0:06:56.839 you know what I mean. Oh, like, and so it's 0:06:56.839 --> 0:06:59.599 just just no way that they don't. And especially in 0:06:59.600 --> 0:07:03.080 New Jersey and Essex County has the highest cases. So 0:07:03.160 --> 0:07:06.279 I always think of that, like, I don't know, it's 0:07:06.360 --> 0:07:09.600 just it's a lot, it's a lot. And yeah, I 0:07:10.160 --> 0:07:13.320 love He has this great article on her her blog 0:07:13.360 --> 0:07:16.120 and it's called I think she called a toxic positivity, 0:07:16.640 --> 0:07:20.040 Yes where you know she was like, look here, Auntie, right, 0:07:20.120 --> 0:07:21.920 we don't need you to like you know, like the 0:07:22.080 --> 0:07:24.360 we can plead the blood of Jesus. And I'm not 0:07:24.400 --> 0:07:26.400 saying obviously, I mean I believe in God, you know, 0:07:26.680 --> 0:07:30.480 or higher source. And but that's not that's not how 0:07:30.480 --> 0:07:32.600 that ever works. You know, if that ever worked, then 0:07:32.600 --> 0:07:35.120 no one would ever die. Yeah, you know, babies wouldn't 0:07:35.120 --> 0:07:37.640 get sick, your grandma wouldn't pass. That's just not how 0:07:37.680 --> 0:07:40.600 that works. And pretending that well, if you would just pray, 0:07:40.760 --> 0:07:43.360 this would go away, it's actually more harm than good 0:07:43.400 --> 0:07:43.720 and so. 0:07:44.240 --> 0:07:47.560 And it's yeah, it's and you know, relationships are in jeopardy. 0:07:47.560 --> 0:07:49.280 I feel like, I mean, like I said, it was 0:07:49.320 --> 0:07:51.120 a really and I'm not even going to sugarcoat it. 0:07:51.160 --> 0:07:56.400 We had some huge, huge arguments last week and what's 0:07:56.440 --> 0:07:58.880 really saved us one. I have a therapist so I 0:07:58.920 --> 0:08:01.400 can talk to about these, which is super helpful. And 0:08:01.440 --> 0:08:04.000 for those of you who you know, mental health is 0:08:04.000 --> 0:08:08.480 a real anxiety for everybody right now. It just it's 0:08:08.600 --> 0:08:12.480 completely understandable if everyone's feeling it, and I really encourage 0:08:12.480 --> 0:08:15.240 you guys to look into getting help. A lot of 0:08:15.320 --> 0:08:19.920 therapists it's sort of forced them to adopt virtual therapy solutions, 0:08:19.920 --> 0:08:22.120 which I think is great because I feel like half 0:08:22.120 --> 0:08:24.080 the battle is just finding the time in your schedule 0:08:24.120 --> 0:08:26.600 to go to a therapist, and I think it's easier 0:08:26.600 --> 0:08:30.800 than ever now and mine has been doing virtual sessions anyway, 0:08:30.920 --> 0:08:34.040 So talking to someone has definitely helped. But for those 0:08:34.080 --> 0:08:36.960 who are struggling with a spouse and that tug of 0:08:37.000 --> 0:08:39.800 war over childcare and working the what's really helped me 0:08:39.880 --> 0:08:43.400 is to one give myself and give him a break. 0:08:43.679 --> 0:08:49.040 I was really expecting complete and total cooperation with whatever 0:08:49.160 --> 0:08:52.640 my you know, schedule was, and I was expecting for 0:08:52.760 --> 0:08:55.880 him to just know exactly sort of what was needed 0:08:55.880 --> 0:08:58.240 with the baby when he hasn't really been required to 0:08:58.320 --> 0:09:00.800 be home alone with the baby and alone time, and 0:09:01.400 --> 0:09:03.520 I was being really hard on him and really hard 0:09:03.559 --> 0:09:06.240 on myself and what I've tried to do and what 0:09:06.280 --> 0:09:08.040 I've talked to him about is like we were both 0:09:08.080 --> 0:09:11.000 just judging the other person, and like we were really 0:09:11.440 --> 0:09:14.000 like judging how we did the baby stuff and how 0:09:14.000 --> 0:09:15.200 we did the work stuff, and why do you have 0:09:15.240 --> 0:09:19.040 so many meetings? And doesn't your you know, and at 0:09:19.040 --> 0:09:21.120 the end of the day, this is not normal, Like 0:09:21.280 --> 0:09:24.160 nobody knows how to do this right, and the fact 0:09:24.160 --> 0:09:26.280 that we were criticizing the way each of us was 0:09:26.280 --> 0:09:28.960 doing it, I was like, no one knows how to 0:09:29.000 --> 0:09:31.400 do this. This has never been done. So we just 0:09:31.440 --> 0:09:33.880 need to give each other a break. The laundry is 0:09:33.920 --> 0:09:35.319 not going to get done all the time, the dishes 0:09:35.360 --> 0:09:38.120 are going to be dirty, the you know, our jobs 0:09:38.120 --> 0:09:40.240 are not going to be one hundred percent. They're not 0:09:40.240 --> 0:09:41.800 going to get one hundred percent of us like they 0:09:41.880 --> 0:09:44.679 usually do. We need to like get our teams, our 0:09:44.760 --> 0:09:48.240 respective managers, talk to them and let them know what 0:09:48.280 --> 0:09:51.320 they can expect from us, and then just be a 0:09:51.360 --> 0:09:55.080 lot easier on one another. And so far the last 0:09:55.080 --> 0:09:57.720 couple of days of last week and then today, it's 0:09:57.720 --> 0:10:01.600 been so much better. But it was fucking it's so hard. 0:10:02.440 --> 0:10:04.840 And yeah, homeboy, I have to tell you this funny 0:10:04.840 --> 0:10:07.360 story really quick. Just I was on a conference call 0:10:07.400 --> 0:10:09.600 last week and I had to hold the baby for 0:10:09.640 --> 0:10:12.880 whatever reason. Uh, he was being fussy and husband dropped 0:10:12.920 --> 0:10:15.280 him off of my lap and I was muted and 0:10:15.320 --> 0:10:18.040 everything was going great. Baby was just chilling. As soon 0:10:18.240 --> 0:10:23.000 as I unmuted my button, he took the largest, loudest dump, 0:10:24.160 --> 0:10:27.640 the biggest poop in my lap and it was so loud. 0:10:28.200 --> 0:10:30.439 It was so loud. 0:10:30.600 --> 0:10:34.600 Yes, thank god, it was hilarious. It was really hilarious. 0:10:34.640 --> 0:10:37.400 And I was like thanks baby, I mean honestly, and 0:10:37.480 --> 0:10:40.040 I've welcomed like, bring your kid, bring your pet, because 0:10:40.240 --> 0:10:43.240 it's just such a weird time, and you know, maybe 0:10:43.280 --> 0:10:46.080 people people have so far enjoyed having like a little 0:10:46.080 --> 0:10:50.679 comic relief from the baby popping in. But anyway, all 0:10:50.720 --> 0:10:53.280 that being said, if you're out there struggling with children 0:10:53.320 --> 0:10:56.000 at home, you're trying to homeschool, or you're you know, 0:10:56.160 --> 0:10:58.440 struggling with your spouse or your partner over who takes 0:10:58.440 --> 0:10:59.920 care of the kid. Now while you have a meeting, 0:11:00.120 --> 0:11:01.880 like there's no right way to do it, and the 0:11:01.920 --> 0:11:04.000 sooner you give yourself a break, the more happy you'll be. 0:11:05.160 --> 0:11:06.880 Just we all just need to give each other a break. 0:11:06.880 --> 0:11:10.920 I think yeah, like I said, I yeah, I honestly 0:11:10.960 --> 0:11:15.559 am trying not to anticipate anything because I just how 0:11:15.559 --> 0:11:16.800 you can do is put one foot in front of 0:11:16.800 --> 0:11:19.000 the other. And I know I have it way easier 0:11:19.000 --> 0:11:24.480 than most because Supergirl is She's thirteen, so honestly she 0:11:24.520 --> 0:11:26.800 doesn't need anything as far as like you know, like 0:11:26.840 --> 0:11:29.160 did you eat breakfast? I don't even have to make it. 0:11:29.200 --> 0:11:31.560 I just have to ask the question did you eat lunch? 0:11:32.360 --> 0:11:35.000 Like I make dinner, but breakfast and lunch is on 0:11:35.000 --> 0:11:36.679 her because we have all the fixing, so she can 0:11:36.720 --> 0:11:39.000 make herself cereal. She can make herself a sandwich. So 0:11:39.440 --> 0:11:40.920 the only thing it has been hard has been like 0:11:40.960 --> 0:11:45.079 with IVF, I'm like ah, and I still haven't like 0:11:45.120 --> 0:11:46.960 a manday and I talked about it offline. I still 0:11:46.960 --> 0:11:49.040 have not called. I don't know why. Sometimes I get 0:11:49.559 --> 0:11:53.360 whenever I get overwhelmed or afraid, I freeze, like I'm 0:11:53.400 --> 0:11:55.840 like I could be the super gold Gator or I 0:11:55.880 --> 0:11:59.560 can be the like endless procrastinator. I'm like nowhere in between. 0:12:00.120 --> 0:12:01.960 So when I get I noticed that about myself that 0:12:02.000 --> 0:12:05.160 when I get when I'm afraid of something, or you know, 0:12:05.280 --> 0:12:08.080 or I become really overwhelmed. I revert back to the 0:12:08.280 --> 0:12:11.280 like super procrastinated, where I'm like, I'm not doing anything 0:12:11.640 --> 0:12:13.560 and for some reason, I don't know, I'm afraid of 0:12:13.559 --> 0:12:15.480 what the IVF the answer is going to be, so 0:12:15.600 --> 0:12:18.040 I haven't called, even though I'm like I should call, 0:12:18.600 --> 0:12:21.400 and I'm like tiviny neagivew I'm actually I'm gonna make 0:12:21.400 --> 0:12:23.560 it tomorrow. I'm going to promise myself when to because 0:12:23.559 --> 0:12:24.360 they're closed now. 0:12:24.400 --> 0:12:28.400 But yeah, well that's give yourself a break for not calling. Yeah, 0:12:28.559 --> 0:12:31.120 for a first and foremost, it's crazy times right now. 0:12:31.280 --> 0:12:34.240 It is because I don't know, you know, I don't know. 0:12:34.280 --> 0:12:35.439 I'm like, what if the answer is not what I 0:12:35.480 --> 0:12:37.440 want to hear? As long as I don't call, I don't. 0:12:37.760 --> 0:12:40.160 It's like I don't have to. I can delay hearing 0:12:40.200 --> 0:12:44.600 the answer. It's just yeah, I don't know, like it's 0:12:44.720 --> 0:12:46.480 And then on top of that, which I guess is 0:12:46.480 --> 0:12:49.120 not a bad thing, it's been really busy as far 0:12:49.160 --> 0:12:52.120 as business is concerned, which has been honestly kind of 0:12:52.160 --> 0:12:55.440 also like a relief because it gives me space to 0:12:55.559 --> 0:12:58.360 not have to think so much and worry so much. 0:12:58.640 --> 0:13:01.079 So I can kind of like you know, like work. 0:13:01.559 --> 0:13:03.800 So that's actually been like put a blessing but also 0:13:03.840 --> 0:13:07.280 a little bit exhausting some days. But because you know, 0:13:07.400 --> 0:13:09.120 like all the press and the media and everybody wants 0:13:09.120 --> 0:13:10.920 to talk about the stimulus or the crash or the 0:13:11.000 --> 0:13:14.200 this or people you know online or like hey Tiffany, 0:13:14.240 --> 0:13:16.719 you know, should I save my money? Should I budget now? 0:13:16.760 --> 0:13:19.440 And so it's giving me like a nice little reprieve 0:13:19.520 --> 0:13:23.800 from like thinking about my own self and helping other 0:13:23.840 --> 0:13:26.400 people always helps me to kind of like forget, at 0:13:26.480 --> 0:13:28.079 least for a little while, any kind of stress I 0:13:28.160 --> 0:13:30.560 might be experiencing. So, like I said, that's been both 0:13:30.600 --> 0:13:33.040 helpful but then also sometimes overwhelmed me because some of 0:13:33.080 --> 0:13:36.520 the questions people ask, I'm like, wait what, you know, like, 0:13:36.640 --> 0:13:39.480 I'm not equipped to solve your life in. 0:13:40.240 --> 0:13:45.480 Huge, huge questions, and the uncertainty is real and there's 0:13:45.520 --> 0:13:48.120 no quick SoundBite for a lot of these questions that 0:13:48.160 --> 0:13:50.800 people have. You know, I'm grateful for the podcast. It 0:13:50.840 --> 0:13:53.360 gives us a platform to reach people, and you guys 0:13:53.400 --> 0:13:55.080 have been thunding in your questions. I hope you go 0:13:55.120 --> 0:13:57.440 back and listen to last week's show with Sharon Epperson 0:13:57.640 --> 0:14:01.120 CNBC when we spoke about some of the most common 0:14:01.160 --> 0:14:04.480 money questions we've been getting from you guys on today's show, 0:14:04.520 --> 0:14:09.120 we are definitely we're going to unpack that giant piece 0:14:09.120 --> 0:14:13.160 of legislation that passed last week in Congress and two 0:14:13.520 --> 0:14:16.120 trillion dollars, which is such a big I don't even 0:14:16.160 --> 0:14:18.439 know how I can't wrap my mind around that number. 0:14:18.440 --> 0:14:23.360 Two trillion dollars worth of emergency relief that Congress has passed, 0:14:23.360 --> 0:14:25.520 and we're going to unpack what that means for you, 0:14:25.680 --> 0:14:28.080 how much money you can expect to be getting from 0:14:28.080 --> 0:14:31.080 the government, if at all, and a couple other updates, 0:14:31.080 --> 0:14:33.520 whether you're a small business owner, you're someone who has 0:14:33.520 --> 0:14:36.600 a mortgage payment, or you're someone with student loan debt, 0:14:36.600 --> 0:14:39.600 and we can talk about maybe some assistance programs or 0:14:39.600 --> 0:14:43.600 some steps that you can take toward finding relief. So 0:14:43.640 --> 0:14:45.240 we take a quick break right now and we'll come 0:14:45.280 --> 0:15:20.720 back and talk about all of that good stuff. Okay, 0:15:20.720 --> 0:15:25.080 we're back, So Tiffany, let's unpack what our government has 0:15:25.160 --> 0:15:27.440 done for us, because we give them a lot of crap. 0:15:27.480 --> 0:15:30.720 But Capitol Hill, you know, Congress really came together last 0:15:30.720 --> 0:15:35.720 week and finally passed the third of three different bills. 0:15:35.760 --> 0:15:39.120 This one is really meaningful for people because this includes 0:15:39.520 --> 0:15:43.560 the check cash money, the stimulus check that many many 0:15:43.600 --> 0:15:47.520 Americans will be receiving, but not everyone. So let me 0:15:47.600 --> 0:15:51.000 just run down really quick how much you can expect 0:15:51.040 --> 0:15:54.680 and who's actually getting what. So, if you earn less 0:15:54.680 --> 0:15:57.720 than seventy five thousand dollars as an individual, you can 0:15:57.800 --> 0:16:02.000 qualify for h check of twelve hundred dollars. That amount 0:16:02.080 --> 0:16:05.280 decreases a little bit all the way up to ninety 0:16:05.360 --> 0:16:08.000 nine thousand dollars worth of income for an individual. 0:16:08.240 --> 0:16:09.400 So if you. 0:16:09.400 --> 0:16:12.600 Earn over ninety nine thousand dollars a year yet nothing, 0:16:13.200 --> 0:16:14.800 very likely you're not going to get anything. 0:16:15.320 --> 0:16:18.160 If you have children, well, let's be clear where they 0:16:18.160 --> 0:16:19.800 can find that, right, because I know people have been 0:16:19.840 --> 0:16:21.560 asking me, well, how do I know what I made? 0:16:21.600 --> 0:16:24.240 Because they're looking at your gross adjusted income, and it's 0:16:24.280 --> 0:16:28.680 really if you look at your ten forty tax like 0:16:28.760 --> 0:16:31.920 return book papers right, look at line eight B, that's 0:16:31.920 --> 0:16:33.680 where you're going to find it. Because I don't want 0:16:33.680 --> 0:16:36.240 people to be like, well I made this much like 0:16:36.280 --> 0:16:37.760 it's going to say there. I want you to just 0:16:37.800 --> 0:16:40.000 be clear where you're going to find that number. So 0:16:40.040 --> 0:16:42.320 eight B on your on your tax for your ten 0:16:42.440 --> 0:16:43.520 forty tax forms. 0:16:43.840 --> 0:16:45.840 Yes, so if you filed, and they're going to be 0:16:45.960 --> 0:16:47.800 looking at because this is going to be going through 0:16:47.800 --> 0:16:50.120 the irs. People want to know, how do I get 0:16:50.120 --> 0:16:52.840 the money? Most of you, if you've filed your taxes 0:16:52.880 --> 0:16:55.360 for twenty eighteen or twenty nineteen, they will base it 0:16:55.400 --> 0:16:58.040 off your income from either twenty nineteen. If you didn't file, 0:16:58.080 --> 0:17:00.240 then it'll be twenty eighteen. And then if if you 0:17:00.520 --> 0:17:03.920 got your federal tax refund through direct deposit, you should 0:17:03.920 --> 0:17:06.680 have no problem because that's the same way you'll be 0:17:06.720 --> 0:17:10.439 getting your stimulus funds. And yes, like Tiffany said, it 0:17:10.480 --> 0:17:13.320 is based on your adjusted gross income. So if you 0:17:13.359 --> 0:17:15.120 really want to know if you qualify, you can go 0:17:15.320 --> 0:17:18.000 to your last year's tax return or call up your 0:17:18.040 --> 0:17:21.360 accountant and just double check. For couples, So going back 0:17:21.359 --> 0:17:22.879 to how much of a check you'll get, so that 0:17:22.920 --> 0:17:26.359 was all for individuals. For couples, basically double that. So 0:17:26.440 --> 0:17:28.399 if you're a couple earning one hundred and fifty thousand 0:17:28.440 --> 0:17:31.760 dollars jointly, then you can qualify for twenty four hundred 0:17:31.800 --> 0:17:34.720 dollars and that's gonna max out at one hundred and 0:17:34.760 --> 0:17:39.720 ninety eight thousand dollars of joint income, so and again 0:17:40.000 --> 0:17:42.639 twelve hundred dollars is the max, and then it'll it'll 0:17:42.680 --> 0:17:44.959 decrease a little bit all the way up to that 0:17:45.160 --> 0:17:47.879 those thresholds ninety nine thousand dollars for individuals or one 0:17:47.960 --> 0:17:53.000 hundred and ninety eight thousand dollars for couples. When are 0:17:53.000 --> 0:17:55.560 they going to get those checks, Tiffany, They. 0:17:55.440 --> 0:17:58.400 Will be getting their checks. When it came out Treasury 0:17:58.440 --> 0:18:02.639 Secretary Steve Muntion, I was think his name is Finnie anyway, 0:18:02.640 --> 0:18:06.400 he said three weeks, which basically lands around like April seventeen. 0:18:06.640 --> 0:18:09.520 That's what chery so basically almost like what our traditional 0:18:09.840 --> 0:18:12.480 taxes are do is is what they're you know, we 0:18:12.520 --> 0:18:14.520 know we've been they've been pushed back, but around that time, 0:18:14.640 --> 0:18:16.680 so about April seventeen. 0:18:16.600 --> 0:18:20.480 Yeah, they said a few weeks. I mean, but that's 0:18:20.840 --> 0:18:24.000 I've only seen like about a few weeks as an estimate, 0:18:24.040 --> 0:18:27.200 and I still feel like it's TBD. It's such as 0:18:27.359 --> 0:18:29.119 it's the first time they've ever done this, and it's 0:18:29.119 --> 0:18:30.840 such a massive program. So I would say, you know, 0:18:30.880 --> 0:18:33.639 what's today's when's this show? Going to be airing April first. 0:18:34.080 --> 0:18:37.520 Keep checking news reports for an update on that. But 0:18:37.600 --> 0:18:41.720 right now, yeah, a few weeks are checks tax they're 0:18:41.760 --> 0:18:44.720 not taxed, Nope, which is the good news. So I 0:18:44.760 --> 0:18:46.840 mean hopefully for a lot of people. I mean it's 0:18:47.200 --> 0:18:50.280 obviously twelve hundred dollars is for a lot of people 0:18:50.520 --> 0:18:53.560 a meaningful amount of money. We got a question on 0:18:53.600 --> 0:18:57.280 the Gram from a listener who wanted to remain anonymous, asking, 0:18:57.440 --> 0:19:00.320 you know, if we get a stimulus check, what should 0:19:00.359 --> 0:19:03.000 that money go towards. Should we be using it for 0:19:03.040 --> 0:19:05.520 our next house payment, or should we be putting it 0:19:05.560 --> 0:19:09.440 toward debt? Should we be stashing it away for savings? 0:19:10.400 --> 0:19:11.719 Do you want to take that tonique? 0:19:12.000 --> 0:19:15.200 Yeah, so honestly, So here's kind of like in order 0:19:15.359 --> 0:19:18.560 that I think anyway that one take care of your 0:19:18.680 --> 0:19:21.720 current bills. So if you have something that's like behind, 0:19:22.400 --> 0:19:25.439 then you know, I would use the money to get current. 0:19:25.560 --> 0:19:28.080 That's like really what it's kind of for, because we're 0:19:28.320 --> 0:19:30.879 assuming that you were either laid off or maybe your 0:19:30.920 --> 0:19:34.600 income has been temporarily paused, So get current on your bills. 0:19:34.920 --> 0:19:37.879 So that's one. Next, I would use that money in 0:19:37.880 --> 0:19:40.399 one or two ways. So I would say, I believe 0:19:40.440 --> 0:19:42.800 it was last week or the week before where I 0:19:42.840 --> 0:19:46.200 said that I wouldn't be aggressive in debt pay down 0:19:46.600 --> 0:19:50.080 right now because it's much more important that you have 0:19:50.359 --> 0:19:55.520 some emergency savings saved. But the caveat is I would 0:19:55.560 --> 0:19:58.760 for student loan because right now, if you have federal 0:19:58.760 --> 0:20:03.440 student loans, you're your interest rate. The interest component of 0:20:03.440 --> 0:20:07.000 your federal student loans has been paused until September, which 0:20:07.000 --> 0:20:10.280 means every single dollar you pay to your student loans 0:20:10.400 --> 0:20:13.000 is going to go to your principle. So that's huge. 0:20:13.240 --> 0:20:16.520 So I would consider if your whole and you're not 0:20:16.600 --> 0:20:18.880 laid on any payments and you don't need money for that, 0:20:18.920 --> 0:20:21.879 I would consider if I had federal student loans, putting 0:20:21.880 --> 0:20:25.760 some money toward them because and being a little bit 0:20:25.760 --> 0:20:28.800 more aggressive only because all of your money is going 0:20:28.880 --> 0:20:32.760 to go toward what you owe, so that's huge. And second, 0:20:33.320 --> 0:20:35.760 I would use some of that money. If I don't 0:20:35.800 --> 0:20:38.720 have three to six months ideally six months worth of 0:20:38.720 --> 0:20:42.080 emergency savings, I certainly would be putting the money toward 0:20:42.160 --> 0:20:44.760 my emergency savings because we still don't know what's going 0:20:44.840 --> 0:20:47.720