DecaMillionaire Decoded The Dental Guys featuring Justin Goodbread and Chris Mahan: Update on CARES Act 7a and 7b-What Do We Know and What Should We Do Now?
In episode 250 of Financially Simple, Justin makes an appearance on The Dental Guys’ podcast with Chris Mahan to discuss recent changes made to the CARES Act.
As the COVID-19 pandemic continues, the situation regarding aid for businesses and business owners is adapting to this unprecedented scenario. Justin, John, and the Dental Guys discuss the changes to the CARES Act, and how to apply for loans.
This podcast is also available on their YouTube channel: https://youtu.be/WxDwW1uvrus Don’t forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening! _________________
TIME INDEX: 01:39 - Update on CARES Act 7a and 7b-What Do We Know and What Should We Do Now? 03:57 - The Economic Injury Disaster Loan (EIDL) 06:24 - What if a Business Owner has Applied for PPE but not EIDL? 07:33 - What Does it Cover? 09:02 - Should You be Applying Now? 10:21 - Understanding the PPE 18:59 - Understanding Recommendation and the Forgiveness Period 23:18 - What to do if You Have Already Applied 29:05 - Withdrawing an Application to Amend it 38:23 - Turning Around 40:11 - Positive Mindset 41:24 - Wrap Up _________________
RESOURCES: 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 Chris Mahan The Dental Guys _________________
BIO:
Justin A. Goodbread, CFP®, CEPA, CVGA, is a nationally recognized financial planner, business educator, wealth manager, author, speaker, and entrepreneur. He has 20+ years of experience teaching small business owners how to start, buy, grow, and sell businesses. He is a multi-year recipient of the Investopedia Top 100 Advisor and 2018 Exit Planning Institute’s Exit Planner Leader of the Year.DISCLOSURES:This podcast is distributed for informational purposes only. Statements made in the podcast are not to be construed as personalized investment or financial planning advice, may not be suitable for everyone, and should not be considered a solicitation to engage in any particular investment or planning strategy. Listeners should conduct their own review and exercise judgment or consult with their own professional financial advisor to see how the information contained in this podcast may apply to their own individual circumstances. All investing involves the risk of loss, including the possible loss of principal. Past performance does not guarantee future results and nothing in this podcast should be construed as a guarantee of any specific outcome or profit. All market indices discussed are unmanaged, do not incur management fees, costs and expenses, and cannot be invested into directly. Investment advisory services offered by WealthSource Partners, LLC. Neither WealthSource Partners, LLC nor its representatives provide legal or accounting advice. The content of this podcast represents the views and opinions of Justin Goodbread and/or the podcast’s guests and do not necessarily represent the views and/or opinions of WealthSource Partners, LLC. Statements made in this podcast are subject to change without notice. Neither WealthSource Partners, LLC nor its representatives, the podcast’s hosts or its guests have an obligation to provide revised statements in the event of changed circumstances. Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the CFP® certification mark, the CERTIFIED FINANCIAL PLANNER™ certification mark, and the CFP® certification mark (with plaque design) logo in the United States, which it authorizes use of by individuals who successfully complete CFP Board’s initial and ongoing certification requirements.
Advisors who wished to be ranked in Investopedia’s Top 100 Financial Advisors list either self-submitted answers to questions compiled by Investopedia or were nominated by peers. Rankings were determined based on the number of followers and engagement on social media, primary contribution to professional industry websites, and their focus on financial literacy. Neither performance nor client experience, however, were considered. No compensation was paid by WealthSource Partners, LLC or Justin Goodbread to secure placement on Investopedia’s Top 100 Financial Advisors List.
The Exit Planning Institute's Leader of the Year is awarded to a nominee who is a CEPA credential holder who has made a significant impact or contribution to the exit planning profession or overall community through innovation and influence and is viewed by the Exit Planning Institute as a thought leader, risk-taker and specialist while showing characteristics of collaboration.
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