- What's going on, y'all?
Welcome back to the channel Wealth Hacker Lives.
I'm your gracious host, Jeff Rose,
and I came across an article the other day
and then I came across one of your comments,
one of the Wealth Hacker Nation subscribers,
that led me to do a little more research.
I wanted to share something
regarding the economic stimulus check
that may impact some of you.
Chances are not many of you, but some of you,
and before I share this,
I just want to give a warning
for those that are still sitting there
still waiting to receive your first economic stimulus check.
Well, I just want,
I wanna preface this with this might make you angry
and I just wanna apologize up front.
So what exactly is going on?
Well, it was probably a few weeks ago.
I came across this article on, I'll tell ya,
MarketWatch and the MarketWatch,
so here it is, the headline.
You can see "I received two $1,200 stimulus checks.
"Stimulus payments,
"One was direct deposit and the other was for paper check.
"And I cashed the check."
And basically this person is wanting to know
what should they do with the direct deposit.
Do they keep it?
Do they need to return it?
What is the right response?
Well, I'm not gonna keep you in suspense
because the right response is you don't spend it.
The IRS is going to come back for it.
That person shouldn't have received
a second stimulus payment, but if you notice though,
this article was dated May the 19th,
and I saw this article, didn't think much about it.
But then, I received this comment.
So this is the comment that I received the other day.
I'm gonna give you a screen shot.
So this person shared that their neighbor's daughter
got a second check,
so I responded with my big eye emoji
and basically this person said, "I told her not to spend it.
"That money was meant for somewhere else."
So that is coming from Jake.
Appreciate the comment,
appreciate you sharing that experience.
So I saw that comment and then I'm thinking
about this article on MarketWatch.
That popped in my brain,
and then I came across this article
which was a little bit more recent.
And the article title here, as you can see, it says,
"Some people have received a second stimulus payment.
"Here's why you shouldn't spend it."
Well, the reason you shouldn't spend it is because the IRS
is going to be coming back,
and right now we've got paper checks going out,
you've got direct deposit going out.
They have these prepaid debit cards,
so all these different forms of payment
and even prior to this,
many have forgot that
there were payments going to dead people.
Dead people we getting checks,
and so I just wanted to share this because of a few things.
Going back to the debit cards,
there were people that were throwing away their debit cards
because they were coming in unmarked envelopes.
I mean, it was like these plain white envelopes
and that's a whole other story,
but nonetheless,
just showing that there is some confusion going on.
So I know that, and I couldn't find the comment,
another comment that I got from another subscriber,
somebody else that was watching these videos.
And this person shared that they got their check,
the first check,
and then they got their second check and they assumed
that the second stimulus package had passed.
So they were, you know, the HEROES Act,
which I'm assuming they didn't know that's the name of it,
but they knew there was a lot of news,
a lot of YouTube channels, a lot of YouTube videos,
talking about a second stimulus payment.
So whenever they got that second check,
they just assumed that,
"Oh, I guess another package went through.
"This must be the second check."
Well, it didn't,
so if you did get a second payment,
that's because the IRS made a mistake,
and they are human beings.
They are processing these things
and there's a lot of these checks going out,
so the fact that there's some human error,
or a human error component,
I mean it makes sense.
But I just wanted to share that
because if you got one check,
you shouldn't have got the second check.
Only one of these is the one that you're supposed to get,
so if you get a second one,
that's not like a birthday surprise.
That's not a early Christmas gift.
That is a mistake by the IRS and you don't want to cash it.
That is one mistake that you don't want to make.
Don't make a double mistake.
They already made a mistake, the IRS did,
so don't make a mistake and go out and spend it
and pay your rent and pay your bills
or whatever you wanna buy with it
'cause the IRS is gonna come back
and they're gonna get that $1,200.
So just wanna give you a forewarning about that
and also, too, how does that make you feel (laughs)?
I'm actually scared to ask this question,
but for those that are still waiting for their first check,
how does it make you feel that some people
got a second check before you got your first check?
And I don't feel like I'm adding,
or I'm sorry, I feel like I'm asking a loaded question,
so maybe I should retract that question.
But let's just do this more as an educational,
if you got one check, you shouldn't have got a second.
Don't spend the second one.
You only got one.
All right, y'all.
Again, another update coming for you.
I just wanted to address this
because I saw more comments like this coming through,
but if you haven't subscribed yet to the channel,
be sure to do so now.
Once again, this is Jeff Rose reminding you
that it's your money, it's your life,
and only you can make it awesome.
Until next time, peace.