(money rustling)
- $600.
We waited like,
six plus months and y'all are gettin' $600.
So I'm sure you know by now
that the second stimulus check is on its way.
They still have to vote to make it official.
But as far as we can tell,
like it is going to happen.
The big news of this is that there is a $600 check,
which is half of the very first stimulus check
that went out.
That's the big thing.
This was something that was added apparently
at the last minute.
Either way,
let's go ahead and just break it down
so we can see what you can expect to get
and when you are going to get it.
Now the one thing I found pretty funny was
when I was doing some research on the second stimulus check,
I came across this article on CBS News
and I thought this was just fitting, right?
So like, I'm reading this article,
learning about the new stimulus check,
and there is this commercial for Charmin toilet paper,
which I just thought was like fitting, right?
Because like, just, just go,
let's just flush this stimulus package
right down the toilet but make sure
that we're usin' some Charmin and make it soft
so at least it's somewhat enjoyable.
Anyway, maybe that doesn't fit.
I just thought I got some humor out of it.
I needed,
I needed a good chuckle this morning.
So this is what's going on.
We've got the $600 check.
This is, there is a cap on this.
So basically,
if you remember with the previous check,
if you made over a certain amount,
you did not qualify.
So right now,
if you make over $75,000,
you do not get the $600 check.
Couples, it is 150,000.
So those are the income limits.
The other part of this
that if you do have dependent children,
they will also get the $600 as well.
If there's any dependent children that were left out
of that first check,
which whatever, I mean,
(laughing)
I'm sure they're doin' okay.
Either way,
they do qualify to get the check.
So that's some of the the basic stuff.
Some of the other things,
the big thing,
but it is also on the unemployment side of things.
So your unemployment benefits have,
are on the verge of also running out.
So they have added an additional $300 per week
for unemployment benefits.
So that is a big part of it.
So right now it is extended up to 11 weeks,
which is great.
Sure, whatever, you know obviously,
this is far less than it was before
for a shorter amount of time.
And right now with the it looks like we are going back
into some sort of lockdown quarantine period as well.
It remains to be seen.
Like, you know, is this gonna help?
I guess obviously they can always extend it later on
for those that have some interest for the payment paycheck.
Try to say that three times in a row.
Paycheck Protection Program, the PPP.
This is for small businesses and forgivable loans.
So that was re-upped for another $284 billion in funds.
So that is good.
That's something that I didn't take advantage
the first time around.
Something I may look into for the second round,
just to see what the stipulations are
and what that looks like.
Either way,
if you're a small business,
some sort of sole proprietor,
independent contractor,
it might be something you're going
to want to take a look at.
As far as the timeline of when this check is gonna go out.
So this is fairly interesting.
You know,
Steven Mnuchin came out and said
that the current President Trump wanted this
to go out quickly.
So this is quoted from him.
Let me go ahead and just make this a little bit bigger
so we all can read and enjoy what Mr. Mnuchin had to say.
Says "The president wanted direct payments,
so we will be sending out next week, direct deposit.
I expect we'll get the money out
at the beginning of next week."
So.
(laughing)
So, you know,
they expect the money would go out next week.
I mean, you know,
they've also said that stimulus check,
the second stimulus check is on its way.
It's gonna be very generous.
They've been saying this for months, months.
So is this actually gonna go out next week?
I ain't holdin' my breath.
I don't know about you.
I will say as I mentioned in previous videos,
if just the fact that they've already done this once.
They have the processes that got all that in place.
You know,
if you did sign up for the direct deposit,
which you could still do at irs.gov,
you definitely want to do this.
I'm assuming that's it's not too late.
So if you wanna get this set up
so that you can get your $600 check,
which is half of the first check that you got,
be sure to sign up direct deposit
so this can come to you that much quicker.
But overall that is pretty much it.
I don't see any other big changes,
any other updates that really affect.
Most anyone that has some interest here
on the channel here.
Although I will say this, right?
I don't know how long you've been waitin'
for the second check to happen.
Well, 600 bucks, here it is.
Well, well, you could've signed up for Webull.
Coulda put 100 bucks in,
coulda got four free stock up to $1,600.
I'm sorry.
$250 for the first two stocks just for opening the account.
Two free stocks up to $1,600 for depositing $100.
That hits your account pretty quick, actually,
as compared to everything else.
So there is this.
You know, you could do this.
Actually invest for yourself.
Have some money compounding interest
or you can wait on Congress,
the government to cut you a check.
So anyway,
that's just something to consideration.
So that's it.
That's all right now.
If there's any updates I will,
I'll be sure to let you know it's here.
It's finally here.
Six, seven months later.
It's finally here.
The second stimulus check.
I know most of you are happy.
I'm sure you can tell,
I've got some,
I got some bitterness in my tone.
That's why I had to get a chuckle out
of the Charmin commercial,
because it was just one of those mornings where,
just frustrated.
Frustrated for all that you had been waiting
on this and waiting on this.
And it's finally here and it's,
it's really just,
it's almost like a laugh.
I mean, if I'm being honest.
But anyway,
I'll let you let me know in the comments,
what you think about the next second check
that is coming your way.
Are you frustrated?
Are you happy that there's something?
Let me know.
I'd love to hear in your comments below.
As always,
this is Jeff reminding you that it's your money,
it's your life,
and only you can make it awesome.
Until next time, peace.