Experiments are not just for the laboratory they are also for our basement and your finances. Joining us today from Balance Financial Coaching, we’ll welcome the totally balanced Heather Albrecht. From the Earn & Invest podcast, the guy that does lots of experiments it’s Doc G! And finally, from this very podcast, it’s our own OG.
If you know ANYONE who employs people, we’ve got BIG news for you today: Are you interested in how the $2.2 Trillion CARES Act can help businesses and entrepreneurs? PT the founder of Fincon will walk us through how YOU can keep people employed on today’s show. This is a BIG segment that you won’t want to miss if you know ANYONE who employs people.
Finally, during our Magnify Money segment, we’ll talk about our Stacker friend (name withheld) asking us how we can keep our brains sharp when/if we can’t work during this shelter in place time.
Of course, as always we’ll quiz our roundtable on Joe’s Mom’s neighbor Doug’s amazing trivia. We’re talking golf for Doug to get great before he becomes president on today’s show. How much money did the champion of the PGA tour earn last year?
Mom hopes you’re all safe and washing your hands! Enjoy the show.
Show Notes:
<1:52> Today’s Topic:
Our Contributors
OG
For more on OG and his firm’s page, click here.
Check Out Doc G’s site and podcast at: Earn & Invest
Join Doc G’s podcast community here: Earn & Invest Facebook Group
You can keep up with the latest from Doc G on Twitter: @earnaninvest
Grab a copy of his book: Taking Stock: A Hospice Doctor’s Advice on Financial Independence, Building Wealth, and Living a Regret-Free Life
Heather Albrecht
Say hello to Heather on Twitter: balance_fc
Visit Heather on Facebook at: BalanceFinancialCoaching
Check out Heather’s website at: Balance Financial Coaching
Visit Heather on Instagram at https://www.instagram.com/balancemoneycoach/
<5:25> Experiments
Thanks to Diania Merriam for reading our article today visit her conference at EconoMeConference
The article the crew discussed today Financial Experiments
<34:24> PT
PT Founder of FinCon
Checkout PT’t website at PT Money and here is his post about the Information regarding the Paycheck Protection Program
<51:33> Doug’s Trivia
- How much money did the winner of the 2018-2019 PGA tour?
<1:03:12> Magnify Money Question
- We will be asking our panel to help our Stacker friend anonymous on how to keep our minds sharp or whatever you should do during this downtime?
Join Us Monday!
Join us on my Monday when Joe talks with Lydia Fenet to show us how to take change in any room. Like right now in your kitchen, your livingroom anywhere.
I’m a little confused. On your recent episode your guest PT discussed the PPP for small businesses and said several times that the program allows you to include payments to your business’ independent contractors as part of your monthly payroll costs, but this seems to be explicitly prohibited in the guidance provided by the SBA (see point #15 in https://www.sba.gov/sites/default/files/2020-04/Final%20PPP%20FAQs%20for%20Lenders%20and%20Borrowers%204-8-20_0.pdf). Can you please clarify?
I haven’t had time to read your link, Bret, but I’m sure you’re probably right. Everything is moving quickly and when we recorded the interview there wasn’t a final document yet (this FAQ hadn’t yet been published, for one). Information has most probably changed/updated/clarified. Information, as we’ve been saying and will say in episodes this week, is moving quickly and sometimes our sources have 99% of the facts right…but not all of them in this environment. I’d rather get out the word that the PPP can work for you, than wait until the government clarifies every point. Luckily, when you complete your PPP application, during the verification process (we just went through it), the banker will confirm that you have the form correctly. Thanks for your note!
Hey, Bret! The train is about to begin moving fast again, it looks like…the PPP replenishment just cleared the Senate.