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  • Jun 17, 2020 07:28 PM
    Last: 3yr
    4.5k
    TheBiggerBoat Wrote:

    The first round of stimulus checks have already gone out and, unfortunately, many had to use that money almost immediately. With how confusing and scary it was at the time of the first round stimulus checks, this money was used as a lifeline for many people to use on groceries, bills, mortgages or rent. Alot of people who received the checks didn't have the opportunity to look at that money in any other way than as something that was just enough to get them by until things get back to normal. Though if you had the opportunity to invest your first stimulus check, count yourself very lucky.

    But now that things are opening back up and people are getting back to work, you should highly consider looking at the second stimulus check as an opportunity for the future. The second check isn't exactly approved just yet, but with everything as it is right now I'd assume it's coming in due time.

    If you weren't affected by this whole situation in a financial way and it's at all possible to invest the money instead of immediately using it, do it. Try not to look at the check as free money, rather an investment opportunity that you earned. It would be perfect to put the money in something like bonds or index funds if you're new to investing. You could also use the money to pay off some loans or credit cards. Anything is better than using it for something you don't need, like a TV or new lawn furniture.

    Either way, my point is to think a bit beyond the now with the cash. Try not to use the money on something you just want today. Instead, use the money to make your future better.

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