How I'm using the CARES Act to survive the crash
Wad up BP Fam,
I've missed you!!! You haven't heard from me in a while and this video will explain why. A brother had a baby!!!!! I know a lot of us filled out the application to receive the EIDL, Economic Injury Disaster Loans for $10k. These were the forgivable loans the US Government was assisting us with a few weeks ago. As of today, I don't know anybody that actually got any of the money. Several others applied for the PPP, Payroll Protection Program loans and no luck there either. I have yet to receive any tax money from the IRS so once again, being an Entrepreneur, I have to create my own future using the tools I have. The good thing about the CARES Act, the CoronaVirus Aid, Relief & Economic Security Act, is that even if you don't get assistance from the programs, you still get certain tax free and penalty free choices from your IRA or 401k. Since us investors already use Self Directed Roth Retirement accounts, NOW is the time to take advantage of these exceptions from Congress.
In this video I'll break down my strategies where I'm taking advantage of the capital in my IRA as well as other people's IRA's to invest and create more personal income today. Usually, any money made by the IRA must go BACK into the IRA. But since the virus hit, the Government is allowing us to use our retirement accounts to create personal income NOW, and all without penalty. We can also use this same money to pay off high interest debt like credit cards and loans, and turn them into principal only payments. I"ll explain in this video.... You'll also get to meet our newest member of the Haskins' family, Preston Bryce Haskins as he makes his Youtube Debut. Don't panic, just get educated on the options our Government gives us. It's up to you to paint the vision for the future of your family. God Bless..
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