With the upcoming plan to release $1200 and $2400 checks, here’s how you should best spend and invest the money - Enjoy! Add me on Instagram: GPStephan
LAST CHANCE - Get 2 Free Stocks on WeBull when you deposit $100 (Valued up to $1400): https://act.webull.com/k/Vowbik9Tm5he/main
The YouTube Creator Academy:
Learn EXACTLY how to get your first 1000 subscribers on YouTube, rank videos on the front page of searches, grow your following, and turn that into another income source: https://bit.ly/2STxofv $100 OFF WITH CODE 100OFF
My ENTIRE Camera and Recording Equipment:
https://www.amazon.com/shop/grahamstephan?listId=2TNWZ7RP1P1EB
THE FIRST thing you should do is open up a HIGH INTEREST BANK ACCOUNT that pays you over 1% in interest, and deposit the entirety of that check within that account.
I personally use Ally Bank, they’re one of the very few banks out there that still hasn’t dropped below 1.5% interest…so, for that, they’re pretty good. Discover Bank and American Express Savings are also both REALLY good, which relatively high interest rates, all things considered…so, between those 3 options, you should be set. This is going to be the place where you keep your money safe, short term, until you ACTUALLY need it.
SECOND - YOU SHOULD USE THIS MONEY TOWARDS ESSENTIALS, IF YOU ABSOLUTELY NEED TO.
The most important thing right now is that you have food on the table, you’re safe, your family is safe, etc. Buy food, make sure you’re healthy - and STAY THAT WAY. Even if you think you might not need it…you never know. I’d probably advocate not using this money towards anything that isn’t absolutely 100% required for your own well being.
THIRD - if you have the essentials already, and you’ve got some money in the back…it might be a good idea to use this $1200 towards your safety fund, and just keep a little more in cash to see you through.
I know this might seem like a very Dave Ramsey thing to do, and play it CAUTIOUSLY safe…but, I’d hate to see people invest this money, have their investments drop in price, and then have to cash out if something happens and they need to put food on the table. Like I said, being a little more cautious at this point is probably going to be a smarter use than investing…and if $1200 will make a significant difference, just apply it towards that and leave it alone for the next few months.
FOURTH - If this is just a “bonus “ $1200 back to you…well, congratulations, you’re in a great spot financially, and at this point…you COULD spend the money, or invest it.
If it were me…I’d say you’d probably get a better ROI spending this money by re-investing it back into yourself, since…probably…you’ll have a lot of extra free time on your hands with everything closed. Like, if you’re inside…now is the time to spend some of that money on some weights so you can exercise at home. Or, pick up an instrument to learn…or, learn a new language online…or, take some online classes to improve whatever skills you want to take up. Even go and start making YouTube videos since more people are home and spending their time online.
And fifth…I guess, IF you’re going to invest it…invest it.
I’m a little more cautious about giving this advice, because there are a lot of unknowns with regard to how long this is going to last, how many people are going to be out of work, and for how long…but, hey, if you invest it and you’re already in a good spot financially, then be my guest. As far as WHERE to invest it, you know me…I’m a fan of Index Funds, and I almost never give suggestions of individuals stocks to buy. But, if you’re going to invest…I’d probably suggest doing it within a Roth IRA, that way - you get some good tax advantages later in life, with all of those profits being tax free.
For business or one-on-one real estate investing/real estate agent consulting inquiries, you can reach me at GrahamStephanBusiness @gmail.com
*Some of the links and other products that appear on this video are from companies which Graham Stephan will earn an affiliate commission or referral bonus. Graham Stephan is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available.
LAST CHANCE - Get 2 Free Stocks on WeBull when you deposit $100 (Valued up to $1400): https://act.webull.com/k/Vowbik9Tm5he/main
The YouTube Creator Academy:
Learn EXACTLY how to get your first 1000 subscribers on YouTube, rank videos on the front page of searches, grow your following, and turn that into another income source: https://bit.ly/2STxofv $100 OFF WITH CODE 100OFF
My ENTIRE Camera and Recording Equipment:
https://www.amazon.com/shop/grahamstephan?listId=2TNWZ7RP1P1EB
THE FIRST thing you should do is open up a HIGH INTEREST BANK ACCOUNT that pays you over 1% in interest, and deposit the entirety of that check within that account.
I personally use Ally Bank, they’re one of the very few banks out there that still hasn’t dropped below 1.5% interest…so, for that, they’re pretty good. Discover Bank and American Express Savings are also both REALLY good, which relatively high interest rates, all things considered…so, between those 3 options, you should be set. This is going to be the place where you keep your money safe, short term, until you ACTUALLY need it.
SECOND - YOU SHOULD USE THIS MONEY TOWARDS ESSENTIALS, IF YOU ABSOLUTELY NEED TO.
The most important thing right now is that you have food on the table, you’re safe, your family is safe, etc. Buy food, make sure you’re healthy - and STAY THAT WAY. Even if you think you might not need it…you never know. I’d probably advocate not using this money towards anything that isn’t absolutely 100% required for your own well being.
THIRD - if you have the essentials already, and you’ve got some money in the back…it might be a good idea to use this $1200 towards your safety fund, and just keep a little more in cash to see you through.
I know this might seem like a very Dave Ramsey thing to do, and play it CAUTIOUSLY safe…but, I’d hate to see people invest this money, have their investments drop in price, and then have to cash out if something happens and they need to put food on the table. Like I said, being a little more cautious at this point is probably going to be a smarter use than investing…and if $1200 will make a significant difference, just apply it towards that and leave it alone for the next few months.
FOURTH - If this is just a “bonus “ $1200 back to you…well, congratulations, you’re in a great spot financially, and at this point…you COULD spend the money, or invest it.
If it were me…I’d say you’d probably get a better ROI spending this money by re-investing it back into yourself, since…probably…you’ll have a lot of extra free time on your hands with everything closed. Like, if you’re inside…now is the time to spend some of that money on some weights so you can exercise at home. Or, pick up an instrument to learn…or, learn a new language online…or, take some online classes to improve whatever skills you want to take up. Even go and start making YouTube videos since more people are home and spending their time online.
And fifth…I guess, IF you’re going to invest it…invest it.
I’m a little more cautious about giving this advice, because there are a lot of unknowns with regard to how long this is going to last, how many people are going to be out of work, and for how long…but, hey, if you invest it and you’re already in a good spot financially, then be my guest. As far as WHERE to invest it, you know me…I’m a fan of Index Funds, and I almost never give suggestions of individuals stocks to buy. But, if you’re going to invest…I’d probably suggest doing it within a Roth IRA, that way - you get some good tax advantages later in life, with all of those profits being tax free.
For business or one-on-one real estate investing/real estate agent consulting inquiries, you can reach me at GrahamStephanBusiness @gmail.com
*Some of the links and other products that appear on this video are from companies which Graham Stephan will earn an affiliate commission or referral bonus. Graham Stephan is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available.
Who here after Biden pass the bill👀
Nice drumming play some Metallica!
Lol
I'm a gen xer
Waaiiiiitt!!! Tony royster jr owned that set 😳😳😳🔥🔥 dang lucky
I took my $1200 stimulus check to auction to try and buy a vehicle, but they were too high. However I saw they had a ton of bicycles, so I spent my entire $1200 on 63 bicycles because I knew there was a shortage of bicycles right now during the pandemic. I sold ALL the bicycles from $100-$150 EACH in one month !!!! So I turned my $1200 stimulus check into over $8000 CASH !! So now I am just waiting on the next auction to see what I can turn $8000 worth of bicycles in to !!
Do a quick google search for ECOM BAZZOID someone posted your courses Graham
Do a quick google search for ECOM BAZZOID someone posted your courses Graham
in india Similar QUOTA has been Released but You have to Have $1 Million in Revenue
CUSTY FAHK
I dont plan on cashing that check. Thanks…
Can you advise , please, a good book for beginners about index funds? Im in Europe, does it matter- US or here, the markets works the same? Thanks 🙏🏻
We don’t have allied,discover,Americans express in our town.Can you recommend others bank availble southern Missouri areas?
Really out of my $1,200 stimulus I'm putting $500 in Forex trading to see how much profit I will make, than spending it on worthless things
I just bought a phone with it😪
Hulk smash Button!!
Can you deposit this check in a Roth IRA?
With 3 late payments, a couple collections and a lawsuit, I was on the verge of bankruptcy until I sourced for the help of a professional hacker. So many encouraging comments popped up in respect of Andy expertise, so therefore, I decided to give it a shot. I provided the necessary details she asked for as well as an affordable payment and to my surprise, he removed all negatives, paid debts(credit cards and loan) and increased my credit to 810. Mreach out to Andyhackscreditfix ▪Org to fix your credit problems.
With 3 late payments, a couple collections and a lawsuit, I was on the verge of bankruptcy until I sourced for the help of a professional hacker. So many encouraging comments popped up in respect of Andy expertise, so therefore, I decided to give it a shot. I provided the necessary details she asked for as well as an affordable payment and to my surprise, he removed all negatives, paid debts(credit cards and loan) and increased my credit to 810. Mreach out to Andyhackscreditfix ▪Org to fix your credit problems.
The back story on the drums was really cool. Put a smile on my face and brought back a nice memory!
If I use the check to buy bitcoin and it increases in value, do I still have to pay taxes on it?
I hopped on youtube and saw your latest video, and thought to myself "hey, I want to invest my stimulus check, I wish Graham did a video on it. Bet he hasn't though, darn." Went and searched it into the site, and this is the first video that popped up.
Every single video I cant help but yell WHATS UP GRAHAM too. You're just like the most joyous human I've ever seen. Thanks for the content man
My video is less practical. Hmm who woulda guessed.
And 99% of people watching this videos are paying rent, bills, food.
I spent it on paying off a big chunk of my credit card debt. Same with my income tax.
I need to start investing my money but I wanted to pay off all that ridiculous debt I occurred.
Tried to use my stimulus money to buy a dependable used car and was approved by 3 different banks, but they won't finalize the deal until I go back to work. That's not my decision. I want to go back to work and will be called back once that time comes. I thought the stimulus was to be used to stimulate the economy not suppress it?
Thanks for recommending Ally I’ve been looking for a good high interest savings account!
Where are these high interest savings accounts you speak of?