Regardless how you feel about the number 45 or this social distancing due to the pandemic I think we can all agree no one is returning that stimulus check. And although, I have seen some pretty hilarious memes about balling out and blowing the check on some frivolous (although well deserved, maybe) crap, I want you to be realistic and make the most out of what is a not so great situation. I mean you don’t need the new iphone, or a new wardrobe from Fashion Nova no matter how much you try and convince yourself. Instead, I have 3 ways you can flip that stimulus check and make it work for you.
Invest.
Use the money to stimulate yourself and your legacy. I will not even pretend to be an expert or even moderately know about the stock market. But, I do know that while prices are low this may be the perfect time to invest in the market while it’s cheap AND on the upswing.
Invest in yourself. Now could be the perfect time for you to take a class or invest in a program that will help you develop a skill or dream you’ve been putting on the back burner due to lack of funds and/or time. Chances are you have time now. Maybe you’ve been wanting to hire a coach to help you reach your goals or provide guidance. Whether it be improving your fitness, growing your business or shifting your mindset to help you reach your potential, investing in yourself will ultimately create a stronger you to build on personally and professionally so you create additional income.
Start a new business.
If this pandemic has taught us anything it should be that relying on one source of income can leave you stuck, unemployed, in debt and without a plan. Create an additional source of income with a side business or even what can become a full time business. Evaluate your skills and talents and find a way to monetize them. What gifts have you been sitting on that can generate you income? Whether it’s an MLM, a side hustle doing meal prep orOnline/virtual businesses can be started with the least upfront cost
Hire a VA
You have been putting off hiring help due to your budget. You’ve been wearing all the hats, playing superpreneur. You’ve been sacrificing sleep, time with family and more because you just haven’t had the money to bring anyone. Well, now you do. It is a great time to bring on a virtual assistant to help you tackle some of the things you’ve been avoiding doing or just haven’t had the time to do. VA’s are awesome investments that help build and grow businesses for more than you will ever be able to do alone. Building your team even with one person helps free you up to focus on income generating tasks and building your brand.
Whatever, you decide to invest in, don’t let this opportunity pass you by. Make the post of this trying time. Stimulate your focus, your vision and your legacy.