How to Receive $9134 From Your Stimulus Check

Stimulus Check Updates
When will I get my stimulus check
Will there be a second stimulus?

Subscribe for a profitable day: https://bit.ly/2HdKrSI

The entire list of PPP lenders that don't require an existing bank account download link: https://mailchi.mp/26ef0b5a86af/ppp-lenders

Get emailed to be notified of new posts and exclusive content. No sales. No BS. http://eepurl.com/gWantb

Check out my blog for more content: https://maxwellmaher.co

Follow my Instagram for extras and additional content: https://www.instagram.com/maxwell_maher/

Today I’m going to talk about what I would do with my stimulus check and how you can turn that measley $1200 stimulus into a $9134 stimulus!

Let’s say I’m a 24 year old that just got his stimulus check and I like money and I like to think long term!

Granted, yes, I know the stimulus check is supposed to stimulate our economy, don't worry, I'll explain how I’ll do that too.

We’re going to do this through long term investing with zero input and zero effort. Completely passive.

Before I get into the $9000 lets cover some basics

Whenever I talk about investing in general, I suggest that I can earn a 7% annual return on average.

That percentage is based on a few assumptions. First, I’m assuming that I will be investing for longer than ten years. That’s because in a given year, the stock market is very volatile. Some years see an enormous dip in the stock market, for instance, 2008. Many investors saw a 40% loss in their portfolio.

Other years see gains much larger than 7%. It’s only over a longer period that you begin to approach that steady 7% average. Second, I’m investing in something that’s very broad-based, such as Vanguard or Schwab Total Stock Market Index.

That 7% nearly guaranteed return doesn’t apply if you’re just invested in the stocks of one company or even 5 companies. A particularly savvy investor , maybe you guys have heard of him named “Warren Buffet” stated that “The economy, as measured by gross domestic product, can be expected to grow at an annual rate of about 3 percent over the long term, and inflation of 2 percent would push nominal GDP growth to 5 percent, Buffett said. Stocks will probably rise at about that rate and dividend payments will boost total returns to 6 percent to 7 percent”

Let's say I put my $1200 stimulus check into an ETF fund called S&P 500 SPDR that yields 7%, assuming I don't touch it and let it compound I will be looking at around $9,134.71 pre tax after 30 years. Now that's almost 10 folding my money. I just let it sit, and let it make me money.

But what happens if we ramp it up and I want to contribute $100 monthly, how much will I have in 30 years? I would have approximately $132,4790 just by contributing 36000 over 30 years + stimulus check of $1200. That’s $3.33 a day invested.

Now $100 is great but what happens if we bump this up to $250/mo? Or $8.33 a day? After 30 years you would have $312,353.83. After 40 years you’d be looking at $658,000!

However there is an occasion where investing this money into an index fund isn’t the best path. I would not invest the stimulus check if I had any outstanding debt with over a 7% interest rate.

For example, If you owe $2000 on a credit card at a 17% interest rate you would actually be “losing” money by investing in an index fund.
If you’re in this category I would recommend putting the stimulus towards all high interest debt, pay that off completely, then begin making regular contributions to an index fund.

Back to the stimulus stimulating the economy. This is where I would take that stimulus money and invest it then I would make sure the next $1200 I spend gets spent on local businesses as much as possible.

By purchasing from a local mom and pop store, you are on average putting money into your local area 7 times. Let's say I buy a product from Custom Grains, my friend Chantz’s local custom furniture and art business out of Minnesota. That gives Chantz, the owner, the opportunity to then buy more MN metal pieces from their local metal fabricating business. The owner of the metal fabricating business then buys tools from their local hardware store. The local hardware store then pays a salary to the workers. The worker's daughter is in soccer, so the hardware store worker then goes to the local sporting goods store to buy cleats. etc,
For one-on-one business consulting email me at maxmahershow@gmail.com

Mic I Use: https://amzn.to/34x2Pj6
4k Camera I Use: https://amzn.to/3een0a2

Disclaimer
This presentation does not constitute legal or tax advice. It is provided solely for informational and educational purposes and does not fully address the complexity of the issues or all the steps businesses must take under applicable laws. You should consult your professional advisers regarding your individual situation. Max Maher undertakes no obligation to update the information in this presentation, and no representations are made that the content is error-free.

Видео How to Receive $9134 From Your Stimulus Check канала Max Maher