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How to Create Continuous Stimulus Payments from Your Next Stimulus Check
Updated: Sep 6, 2022
Let’s face it, our nation is in an upheaval. Since the onset of the pandemic, systems we’ve relied on have become unstable. Although announcements have been made regarding stimulus packages, the timing of when future payments will be released have caused uncertainty. Some individuals have received their second round of stimulus payments while others are waiting anxiously.
Individuals who have not received their payments have been advised to claim the payments as a tax credit. If you choose this route, your payment will be delayed since the IRS will not be accepting tax returns until February 12, 2021. If you have a refund due, the processing time is approximately three weeks if there are no issues with your tax return.
Although past stimulus payments have been distributed and future payments have been discussed, the amounts have provided and will provide some relief, but not long-term relief. The rent moratoriums have also prevented evictions for many who can’t pay rental payment arrears. However, the uncertainty about future housing is stressful for millions of Americans.
Plan Ahead
History has shown when some individuals are in leadership, the less fortunate are not a priority. Although many politicians have campaigned themselves to be problem solvers, there are others who choose to make other matters a priority. The latter option does not work if you have rent, mortgage, and utility payments due with expiring notices.
When you see apathy exhibited by those who have not missed a paycheck, it’s up to you to create a new income plan. The prolonged debates in Congress have shown us clearly there is a lack of distribution urgency.
Start an Online Business or Find an Online Job with Low Overhead Expenses
Many business owners who have physical locations have experienced significant loss due to the pandemic. If you are a current employee of one of these companies, you probably have experienced reduced hours, or perhaps you’ve received a notice regarding a pending layoff. As a result, the consideration of an online career or business can offer several benefits.
For example, my son Steven is a music producer. He started his business when he was 15 years old. Steven downloaded FL Studio software on his laptop and taught himself how to operate it. Although previously he was primarily a drummer, this software motivated him to develop his skills in another area.
He learned how to create beats and found online platforms which allowed him to sell his music. He also created YouTube videos to acquire customers. Steven remained consistent, and he has been able to grow his income significantly up to a salary that most college graduates begin an entry level career during the past five years. He does not have any significant expenses beyond advertising and a small platform membership fee. As a result, he is able to keep the majority of his profits.
If you have music skills, platforms such as Airbit and Beat Stars are excellent sites you can use to produce and sell your music to recording artists.
If you have received your stimulus payment and have a portion of the money left, or if your payment is still pending, make a plan to start a business with few expenses.
If you’re the type of person who enjoys speaking with customers daily, you can operate your business as an independent contractor who provides customer service. Here are several companies offering this type of independent contractor business opportunity:
Some of these positions allow flexible schedules and does require expenses such as training course fees in addition to your Internet or phone expense if the company you’re providing service for does not provides an IP phone system. Chat customer service positions are also available if you do not prefer to speak with customers verbally.
Invest in a New Trade
If you’ve worked in the same field for several years or decades, and now your field of work is becoming obsolete, you should consider a new field. There are numerous positions available in high demanding fields. These industries include:
Information Technology
These occupation fields offer remote positions such as curriculum developer, homeschool consultant, elearning developer, solutions architect, remote notary, medical coding specialist, and other positions that offer long term growth.
Create A Stream of Income with Your Creations
Etsy has provided opportunities for millions of sellers to showcase their talent by offering diverse products. If you’ve wanted to develop your craft skills whether it’s creating knitted, crocheted, or digital products, now you have the opportunity to join this massive platform selling:
Clothing
Home Decor Items
Jewelry
Printables
Specialty Gifts
Etsy payouts are daily, weekly, and monthly. So, if you’re interested in this opportunity, you’ll have the chance to setup a storefront for a low cost. Shopify is another platform you can use to sell items you’ve created or purchased.
Become an Essential Worker
Since jobs are limited, opportunities are available if you don’t mind offering your time to deliver food orders. DoorDash and Grub Hub can be ideal sources you can rely on particularly since so many people are ordering in during the pandemic. The little to no contact and weekly pay are benefits that other jobs may not offer.
These opportunities can help sustain you and your family until the pandemic ends even if you have a regular job. Secondary sources of income can also help you build wealth. During this time, it is important to think ahead rather than wait for delayed payments.
Stay strong and creative!
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