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Making Sense of the Unemployment + Small Business Loans Train Wreck | Mastermind Q&A

Making Sense of the Unemployment + Small Business Loans Train Wreck | Mastermind Q&A

Published 6 years, 2 months ago
Description

As the COVID-19 global pandemic plods along one day at a time, I and the Optimizer coaching & mentorship community have been monitoring the latest developments as they pertain to freelancer unemployment as well as applying for small business loans (via the EIDL and PPP loan programs). And let’s just say that so far...things are a train wreck.

Very little of what we’ve been promised thus far by the CARES Act has actually come to fruition (at least as of recording this episode), and in this community Q&A episode we talk through some of the finer details, we examine the challenges that all of us are having getting any assistance whatsoever, and then we dive back into some productivity strategies to keep us (somewhat) productive despite the world throwing every distraction at us that we can possibly handle and more.

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Here's What You'll Learn:

First, we check in with our Optimizers on how they’re doing with obtaining their stimulus checks & other financial assistance. Here are some of the topics covered:

  • Is now a good time to start a business? With over $350 billion in loans & grants available in the U.S. stimulus bill, people want to know.
  • Does anyone really know what’s going on with unemployment? We take a dive into the state we know the most about, California which recently released information.
  • When can we expect our additional $600/wk in unemployment benefits if we’re already receiving benefits?
  • What is this new “Pandemic Unemployment Assistance” website for freelancers and others who aren’t represented on the standard unemployment website form?
  • What if I was already receiving unemployment benefits and they’re almost used up? Are they extending it and will I get the additional $600/wk?
  • What happened to the $10,000 grant?
  • What is the SBA disaster (EIDL) loan and what has changed?
  • Can we apply for and get EIDL grant and Paycheck Protection Program and unemployment?

Next, we check in with Debby Germino on how she’s doing with her One Thing - writing (see last week’s Community Q&A episode).

  • On prioritizing our time: Why does it seem like we have all this time on our hands and we’re still not doing what we want to get done with it?
  • How can we adapt our productivity strategies like time blocking when our schedule can get “blown up” at any time?
  • Don’t miss the amazing “laser coaching” session with Debby at INSERTTIMESTAMP.

Useful Resources Mentioned:

Surviving Freelancer Unemployment: How to Manage Your Budget For the ‘Gig Economy’ (Global Pandemic Edition)

How to Organize & Prepare Your Finances As a Freelancer | Community Q&A

[CASE STUDY] How to Identify Your “One Thing” and Accomplish It Every Day | Community Q&A

How To Reduce Anxiety and Take Back Control During C

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