THEY
THEY WILL
THEY WILL HONOR THAT REQUEST. >>> LET'S GET BACK TO THE COVID-
19 RELIEF BILL.
THERE ARE STILL MILLIONS OF
FAMILIES STRUGGLING AND
EXPECTING A STIMULUS CHECK
SOMETIME SOON.
SOMETIME SOON. JOINING US THIS MORNING IS A
FINANCIAL EXPERT.
FINANCIAL EXPERT. GOOD MORNING TO YOU, CLEO.
LOVE THE NAME, BY THE WAY.
>> GOOD MORNING TO YOU
>> IF I PROVED, WHO WILL
ELIGIBLE FOR THE NEXT ROUND OF
STIMULUS CHECKS AND WHO WILL
GET WHAT
GET WHAT
GET WHAT >> IF AREVIEWED ANYONE THAT
EARNS $75,000 OR LESS WILL BE
ELIGIBLE TO RECEIVE THE NEXT
ROUND OF STIMULUS PAYMENTS.
FOR MARRIED COUPLES THAT FILE
JOINTLY, THAT IS AT A
THRESHOLD OF $ 150,000.
BUT THERE ARE TALKS OF LOWERING
THE FLESH HOLD TO AROUND
$55,000 ANNUAL SALARY, SO WE
ARE WAITING TO SEE WHAT REALLY
PLAYS OUT.
PLAYS OUT. BUT THERE ARE A LOT OF PEOPLE
STILL STRUGGLING NO MATTER THE
INCOME.
INCOME.
INCOME. >> YOU ARE EXACTLY RIGHT ABOUT
THAT.
THAT.
THAT. WE
THAT. WE HAVE BEEN HEARING THE NUMBER
$1,400, $1,400 STIMULUS CHECKS.
IS THAT A GO OR DEBATABLE AT
THIS POINT
THIS POINT >> YES, IT IS STILL AT THE $
1,400.
1,400.
1,400. WE
1,400. WE ARE HOPING IT DOESN'T GO
BACK TO A LOWER AMOUNT.
$1,400 ISN'T ENOUGH, BUT, HEY,
WE WILL TAKE IT IF THAT IS
APPROVED.
APPROVED.
APPROVED. >> YOU ARE A FINANCIAL ADVISER.
SHOULD PEOPLE WHEN THEY
RECEIVE THIS MONEY, SHOULD THEY
SPEND, SAVE OR INVEST THEIR
STIMULUS CHECK MONEY
>> YES.
>> YES.
>> YES. IF YOU ARE SOMEONE WHO IS
STRUGGLING PAYING YOUR BASIC
LIVING MONTHLY EXPENSE, THEN I
ENCOURAGE YOU TO TAKE CARE OF
THAT RENT OR MORTGAGE PAYMENT
OR THOSE UTILITIES OR FOOD, BUT
IF YOU ARE SOMEONE WHO IS IN A
POSITION THAT YOU ARE NOT
STRUGGLING WITH YOUR BASIC
LIVING EXPENSES AND YOU FEEL
LIKE THE STIMULUS WILL BE EXTRA
MONEY, SAVE THAT MONEY.
TAKE A LOOK AND SEE HOW MUCH DO
I HAVE SAVED RIGHT NOW.
IF YOU ARE GOOD IN THAT AREA,
INVEST IT SO YOU CAN CREATE
MORE MONEY TO HELP YOU LATER.
>> YOU KNOW, THIS IS A BIG
THING IN THIS BILL, AS WELL.
HOW WILL UNEMPLOYMENT HAD
BENEFITS BE IMPACTED IN.
>> CURRENTLY THE EXTRA PAYMENT
IS AT $300 AND IT IS SET TO
EXPIRE MID-MARCH.
EXPIRE MID-MARCH. BUT PRESIDENT BIDEN IS WANTING
TO EXTEND THAT TO SEPTEMBER 30,
2021 AND INCREASE IT TO $400,
SO IT IS JUST AN EXTRA $100,
BUT, HEY, EVERY DOLLAR COUNTS
SO I AM HOPING THAT GETS
APPROVED, AS WELL.
>> YOU ARE RIGHT, EVERY DOLLAR
DOES COUNT.
DOES COUNT. HAS THE FEDERAL STUDENT LOAN
FORBEARANCE BEEN EXTENDED, AT
ALL
ALL
ALL >>
ALL >> YES.
>> YES.
>> YES. THROUGH SEPTEMBER 30.
NO PAYMENTS REQUIRED.
INTEREST RATES ARE ZERO.
YOU DON'T HAVE TO WORRY ABOUT
MAKING PAYMENTS AND INTEREST
CONTINUING TO CLIMB, BUT IF YOU
ARE IN A POSITION WHERE YOU ARE
ABLE TO MAKE PAYMENT, THOSE
COULD WORK FOR YOU, TOO,
BECAUSE THOSE PAYMENTS ARE
GOING TOWARD THE PRINCIPAL
BALANCE AND WHEN IT KICKS BACK
IN YOU WILL HAVE LESS INTEREST
TO PAY.
TO PAY.
TO PAY. >> WHAT CAN WE DO TODAY TO
IMPROVE OUR BUDGETING SKILLS
>> FIRST, GET CLEAR ON YOUR
VISION.
VISION.
VISION. IF YOU BUDGET JUST BECAUSE
PEOPLE TELL YOU TO BUDGET, YOU
WILL PROBABLY NOT STICK TO IT,
BUT IF YOU ARE CLEAR ON YOUR
VISION AND FINANCIAL GOALS AND
WHAT YOU DESIRE, YOU WILL BE
MORE PRONE TO STICK TO IT.
GET CLEAR ON THE WEEKLY GOALS
AND SET WEEKLY MONEY DATES SO
YOU CAN CHECK IN TO SEE WHAT IS
WORKING, WHAT IS NOT WORKS,
WHAT MAY NEED TO CHANGE, AND,
ALSO, USE AFFIRMATIONS.
SPEAK POSITIVITY INTO YOUR LIFE
AND WRITE IT DOWN, SPEAK IT
EVERYDAY.
EVERYDAY.
EVERYDAY. >> CLEO, WHAT ABOUT PEOPLE WITH
CORPORATE JOBS, LAVISH CAREERS
THAT THEY LOST DURING THE
PANDEMIC AND THEY ARE STILL
UNEMPLOYED.
UNEMPLOYED. WHAT WOULD YOUR ADVICE BE?
SOMETIMES IT IS HARD TO GO WORK
IN A TARGET OR GROCERY STORE
>> FIRST THING, SHOW GRATITUDE.
JUST THINK ABOUT THE THINGS
THAT YOU HAVE IN YOUR LIFE
RIGHT NOW, PEOPLE THAT ARE IN
YOUR LIFE AND BE GRATEFUL FOR
THE THINGS YOU HAVE.
WHEN YOU ARE GRATEFUL, MORE
BLESSINGS POUR INTO YOUR LIFE,
THEN GET CLEAR ON WHAT YOU
WANT.
WANT.
WANT. YOU
WANT. YOU WANT TO FIND ANOTHER JOB IN
THE POSITION YOU HAVE, BUT DO
YOU WANT TO PIVOT, SWITCH
INDUSTRIES AND DO SOMETHING NEW
? THAT WILL HELP YOU CREATE THE
ACTION PLAN YOU NEED TO TAKE
TODAY.
TODAY.
TODAY. >>
TODAY. >> MY AUNT HAS A PIVOT AND IT
WAS A CHALLENGE.
CLEO, SHOULD PEOPLE WORK ON
BUDGETING IF THEY ARE CURRENTLY
UNEMPLOYED AND HOW DO THEY DO
THAT
THAT
THAT >>
THAT >> MOST DEFINITELY.
BUILD THOSE BUDGETING SKILLS
BEFORE THE MONEY COMES BACK
INTO YOUR LIFE.
THINK ABOUT WHAT YOU WERE
MAKING BEFORE AND USE THAT AS
WAYS TO PRACTICE THOSE
BUDGETING SKILLS.
BUDGETING SKILLS. EVEN THOUGH WE ARE UNEMPLOYED,
WE STILL HAVE BILL, RIGHT?
MAKE A LIST OF ALL YOUR
EXPENSE, BILL, EVEN IF THEY ARE
PAST DUE OR YOU ARE NOT PAYING
ON THEM, MAKE A LIST OF ALL
YOUR EXPENSES AND WHEN THE
INCOME COMES BACK, YOU WILL BE
ABLE TO BE CLEAR ON WHAT
EXPENSES YOU REALLY HAVE AND
HOW MUCH MORE MONEY YOU
ACTUALLY NEED TO START MAKING.
>> THAT IS WHAT I AM TALKING
ABOUT.
ABOUT.
ABOUT. CLEO, BEFORE WE GO, CAN YOU
SHARE INFORMATION, IF ANYONE
WANTS TO GET IN CONTACT WITH
YOU ? I FOLLOW YOU ON INSTAGRAM
>> YES, YOU CAN FOLLOW ME AND
CONNECT WITH ME ON INSTAGRAM
@HELLO CLEOYOGAFINANCE AND I
WILL LOOK FORWARD TO