Right now, as people in the United States receive their refunds from their tax returns, they are also getting a one-time “gift” from the government, which is meant to give the flagging US economy a boost. It’s called a “stimulus check”, and for average income Americans, the amount is $600 each and $300 for dependent children. A PR Lead came in from a journalist who wanted some insight whether these stimulus checks would have their desired effects. What would people spend the money on? Better yet, what should people spend the money on??
The stimulus checks are just large enough that the average American would notice a difference to the bottom line when received. Not all of it is going to sink into “general household revenue”. Nor should it. This could be an opportunity for people to take an action that would continue to pay them in the long run.
- Use it as seed money for a business idea – whether you use it to buy some software, get some business planning advice, license a product for resale, or purchase the raw materials for a product you make, thriving businesses have been started on a lot less.
- Use it to advance your education – particularly in wealth building books and study programs.
- Join a networking organization or club where you can meet and interact with others who are supportive of your goals. Or,
- Buy something – anything – that you wouldn’t normally buy, and that will give you a lasting and significant ‘thing’ that will inspire you to earn that additional money on an regular basis – use it as your personal motivation to do more – and more often.
