Financially Simple

In episode 330 of Financially Simple, Justin considers whether or not a Business Owner should pay off 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 consider investing the money. Follow along in our article. _________________   TIME INDEX: 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   RESOURCES: Financially Simple Educational Website Financially Simple on YouTube Subscribe to the Financially Simple Newsletter Ask Justin a Question NEW Book: The Ultimate Sale - A Financially Simple Guide to Selling Your Business for Maximum Profit Financially Simple Business Planning