Gen One Legacy

This week we’re taking a look at how small business owners and households can not only survive, but also thrive amidst the COVID-19 related economic downturn. More specifically, we cover resources available to small businesses including the CARES Act Paycheck Protection Program, the Federal Reserve's Main Street Lending Program, the Small Business Administration (SBA) Economic Injury Disaster Loan (EIDL) Program and other financial resources available to small business owners. 

We also discuss resources available to individuals and households including the CARES Act stimulus payments to individuals and households, additional unemployment benefits and support for student loan debt payments. Setting yourself up for a financial rebound will be key during a downturn if you’ve lost your job. 

We discuss some things to do right away if you've lost your job, including checking in with your lenders and/or landlord and balancing financial survival with long-term consequences. We also provide some tips for people still fortunate enough to have a job, including the need to create an unemployment action plan and developing a renewed vision for your financial future after this seismic shift. 

Finally, we briefly discuss how you could use your stimulus check to support small businesses and the secret to thriving during a period of financial uncertainty: taking action today.

For more information, read our latest report at https://fimastery.com

Learn more about Franklin Madison Advisors by visiting: https://franklinmadisonadvisors.com/

Be sure to follow us on Twitter: @fmadvisors and Instagram: fm_advisors

Without a doubt, the coronavirus has fundamentally changed our lives in more ways that we can imagine.

Yet, we believe that many people today still do not appreciate how different the world will be when the virus is finally contained.

This topic is important because navigating your finances in the post COVID-19 world is going to be much different than it was before the outbreak.  

In today’s discussion, we’re going to cover the latest employment data, how the government and federal reserve have responded to the outbreak and our outlook on the U.S. economy

At the end of our time together, my hope is that you should be able to find a silver lining amidst all of the change and uncertainty.   

We believe that the best way to rebound from a financial setback is by setting yourself up with a plan to navigate a world that has just gone through a seismic shift.

Whatever the case may be, we believe that one key to getting ahead in life financially in the coming weeks, months and years is to take action today. 

For more information, read our latest report at https://fimastery.com

 Learn more about Franklin Madison Advisors by visiting: https://franklinmadisonadvisors.com/

 Be sure to follow us on Twitter: @fmadvisors and Instagram: fm_advisors