The CARES Act Simplified – Everything You Need To Know In Easy To Follow Terminology

Money Tree Investing

Money Tree Investing Podcast

Stockmarket, Valuestocks, Investing, Finance, Passiveincome, Wealth, Business, Personalfinance

4.6 • 658 Ratings

🗓️ 14 April 2020

⏱️ 62 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Have you heard of the CARES Act?

It's the government's attempt to give you free money... Interested in learning more?

We discuss the ins and outs of the CARES act and how you can benefit from this new government bailout of America. Yes its that "Huge".

We brought on 3 experts this week to discuss what you need to know.

For more information, visit the show notes at https://moneytreepodcast.com/291b

Transcript

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0:00.0	Welcome to the Money Tree Investing Podcast.
0:04.0	Stock market, wealth, personal finance, value stocks, invest in your life.
0:10.0	Welcome to this week's episode of Money Tree Investing Podcast.
0:14.0	My name is Kirk Chisholm and I will be your host today.
0:17.0	Today we have our guest Jeffrey Levine.
0:20.0	How you doing today, Jeff?
0:21.3	I'm well. Thanks. And yourself? Good. Doing well. We'll just recover in here from this,
0:25.7	the passage of the CARES Act. We brought Jeffrey on because he's an expert in this and we really
0:30.9	wanted to talk about this package. There's a lot of really cool stuff here for individual investors,
0:35.2	small business owners. Pretty much if you're breathing and have a
0:38.2	pulse, there's something in here for you. So let's start out, Jeff, how did this all start? I mean,
0:44.0	we know about the coronavirus, but what's the basis for this whole act? Well, the short answer here is
0:49.8	that the coronavirus slash COVID-19 epidemic, pandemic, whatever you want to call it at this point,
0:55.4	just has created unprecedented economic damage. In the last two weeks now, as we're recording
1:01.6	this, we've seen some 10 million people sign up for unemployment, and that is just
1:06.7	orders of magnitude larger than anything we've ever seen. So this isn't so much as the typical, like, we're sliding into a recession.
1:14.8	You hear that a lot.
1:15.5	Or we're going, like, this was basically like overnight, a lot of the country just had to stop.
1:21.8	Just business was shut down.
1:24.2	So people are losing jobs.
1:26.5	Paychecks are smaller. and we just have a unprecedented
1:30.5	financial crisis on our hands just because it's not just the financial end of this. It's also a
	...

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