Jan 25, 2021
In episode 330 of Financially Simple, Justin considers whether or not a Business Owner should pay off any debt or invest their second stimulus check.
When receiving a second stimulus check, it might be the case that your business is already in a good place having successfully weathered 2020; however, you can still put that money to good use. In this episode, Justin looks at the benefits of paying off any debt you or your business might have, and once that is done to consider investing the money.
00:45 - Stimulus: Should a Business Owner Pay Off Debt or Invest
01:33 - It Depends
05:57 - The Decision Tree
09:52 - Other Debts
13:47 - Taxes
16:10 - Investing
17:22 - Summary
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Host Justin Goodbread, Certified Financial Planner, Certified Exit Planning Advisor, Certified Value Growth Advisor. He is a serial entrepreneur, author, speaker, educator, Investopedia Top 100 advisor, and business strategist with over 20 years of experience. Justin owns Heritage Investors LLC, a registered investment adviser with the State of Tennessee. Heritage Investors only transacts business in states where it is properly registered or is excluded or exempted from registration requirements. This material is for general information only and is not intended to provide specific advice or recommendations for individuals. To determine what is appropriate for you, please consult a qualified professional. The Financially Simple podcast provides information, guidance, and support to Small Businesses in the United States.