The Wolf Den #206 - How To Spend Your Stimulus Check
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How To Spend Your Stimulus CheckWith the passing of the 3rd stimulus bill, a new round of helicopter money is on the way to most Americans via check or direct deposit. Most people will not have a choice on how to spend this check because they will need it to survive. If you do have the luxury of making a decision, here’s how you should consider spending it.1. Cover essential expenses - Rent, mortgage, food etc. This is obvious, but I can’t leave it off the list. Essential living expenses come first and should be the entirety of the check if necessary.2. Make sure next month’s bills are covered - If your basics are covered, experts say you should sit down and prioritize which bills to pay next. While many people won’t receive enough of a stimulus payment to cover all of their monthly bills, especially if they’ve lost their job, you can make a list of which ones are most important. 3. Put it in your emergency fund. It’s a good idea to save at least some of your stimulus payment. Even if you’re financially secure now, an emergency fund, or rainy-day fund, is a financial backstop if you later lose your job or experience other financial hardship as a result of the pandemic. Everyone should have a minimum of 3 months’ worth of expenses saved and set aside in cash. 6-12 months is even better. This is cash that is separate from all of your other portfolios and is sitting somewhere that it is readily available.4. Buy Bitcoin. If you have the rare luxury of not needing your stimulus check and already have an emergency fund, then investing a bit in Bitcoin is a great hedge against global uncertainty and currency inflation. Buy it and forget about it. The same could be said for Gold, but that’s not why we are here!5. Donate it to someone in need. Most people are struggling at the moment. If you truly do not need the stimulus and it happens to come your way, consider giving it to a friend or family member in need, or donating it to an organization that will distribute it wisely.This stimulus package is not a gift to the people - it’s a low-cost bribe to keep everyone in check. It will barely assist those that need it the most and will further stimulate the market by benefiting the wealthy. The worst part is that our children will pay for it tenfold in inflation.This newsletter is ALWAYS sponsored by PHEMEX, the only exchange that I use to trade crypto with leverage. Sign up with the link above and get some free Bitcoin. I really encourage you to check them out.If you do desire to get this email more often, you can join the paid version!The paid version is only $15 a month and goes out every single weekday. It is just like the issue you are currently reading! Composing this newsletter is how I spend the majority of my time, and I take the fact that my members are paying me very seriously. I would love to have you become a more frequent part of this community.https://www.getrevue.co/profile/TheWolfDen/membersIf you cannot pay with a credit card, please respond to this email and we can get you setup with crypto. If you do want to pay with crypto, I can offer 7 months for the price of 6, or 14 months for the price of 12 for the inconvenience!In This Issue:How To Spend Your Stimulus CheckBitcoin Thoughts And AnalysisAltcoin ChartsChart RequestsThe Inverted Hammer CandlestickThe Right Mindset For TradingGoldman Sachs Is Opening Up To BitcoinThe Week Of Bitcoin ETF FilingsTesla Is Forcing The Hands Of Its CompetitorsShyft Network - Assigning Context, Trust, & Validation The Wolf Of All Streets Podcast Ft. Koroush AKCheck Out MatchaMy Recommended Platforms And Tools
The Wolf Den #206 - How To Spend Your Stimulus Check
The Wolf Den #206 - How To Spend Your…
The Wolf Den #206 - How To Spend Your Stimulus Check
How To Spend Your Stimulus CheckWith the passing of the 3rd stimulus bill, a new round of helicopter money is on the way to most Americans via check or direct deposit. Most people will not have a choice on how to spend this check because they will need it to survive. If you do have the luxury of making a decision, here’s how you should consider spending it.1. Cover essential expenses - Rent, mortgage, food etc. This is obvious, but I can’t leave it off the list. Essential living expenses come first and should be the entirety of the check if necessary.2. Make sure next month’s bills are covered - If your basics are covered, experts say you should sit down and prioritize which bills to pay next. While many people won’t receive enough of a stimulus payment to cover all of their monthly bills, especially if they’ve lost their job, you can make a list of which ones are most important. 3. Put it in your emergency fund. It’s a good idea to save at least some of your stimulus payment. Even if you’re financially secure now, an emergency fund, or rainy-day fund, is a financial backstop if you later lose your job or experience other financial hardship as a result of the pandemic. Everyone should have a minimum of 3 months’ worth of expenses saved and set aside in cash. 6-12 months is even better. This is cash that is separate from all of your other portfolios and is sitting somewhere that it is readily available.4. Buy Bitcoin. If you have the rare luxury of not needing your stimulus check and already have an emergency fund, then investing a bit in Bitcoin is a great hedge against global uncertainty and currency inflation. Buy it and forget about it. The same could be said for Gold, but that’s not why we are here!5. Donate it to someone in need. Most people are struggling at the moment. If you truly do not need the stimulus and it happens to come your way, consider giving it to a friend or family member in need, or donating it to an organization that will distribute it wisely.This stimulus package is not a gift to the people - it’s a low-cost bribe to keep everyone in check. It will barely assist those that need it the most and will further stimulate the market by benefiting the wealthy. The worst part is that our children will pay for it tenfold in inflation.This newsletter is ALWAYS sponsored by PHEMEX, the only exchange that I use to trade crypto with leverage. Sign up with the link above and get some free Bitcoin. I really encourage you to check them out.If you do desire to get this email more often, you can join the paid version!The paid version is only $15 a month and goes out every single weekday. It is just like the issue you are currently reading! Composing this newsletter is how I spend the majority of my time, and I take the fact that my members are paying me very seriously. I would love to have you become a more frequent part of this community.https://www.getrevue.co/profile/TheWolfDen/membersIf you cannot pay with a credit card, please respond to this email and we can get you setup with crypto. If you do want to pay with crypto, I can offer 7 months for the price of 6, or 14 months for the price of 12 for the inconvenience!In This Issue:How To Spend Your Stimulus CheckBitcoin Thoughts And AnalysisAltcoin ChartsChart RequestsThe Inverted Hammer CandlestickThe Right Mindset For TradingGoldman Sachs Is Opening Up To BitcoinThe Week Of Bitcoin ETF FilingsTesla Is Forcing The Hands Of Its CompetitorsShyft Network - Assigning Context, Trust, & Validation The Wolf Of All Streets Podcast Ft. Koroush AKCheck Out MatchaMy Recommended Platforms And Tools