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We understand how difficult this time can be for individuals and small business owners. The uncertainty of the coronavirus and what the ultimate impact on the economy will be has put a huge financial burden on everyone.

The government has responded with the Coronavirus Aid, Relief, and Economic Security (CARES) Act, which is a record-setting stimulus package aimed to provide help to everyone. We\u2019ve heard quite a bit about the payments being sent out to individuals, but we want to focus on the impact this will have on small businesses.

So we\u2019ll discuss two of the main provisions that owners should be considering. The first are emergency economic disaster loans and the second is the payroll protection plan. Beyond what we talk about on the show, we\u2019ll also provide you with a six-page document listing all of the important details of the CARES Act. All you need to do to receive it is text CARES to 50597.

Following that conversation, we\u2019re going to take a bit of a lighter approach to a phrase we\u2019re hearing over and over again, and that\u2019s social distancing. What if we took the idea of keeping space and staying separated to maintain our physical health and applied that to investing and planning to protect our financial health.

We\u2019ll pull out four different examples of things your should be keeping separated in your plan and help you understand why it\u2019s important to do so.

Thanks for listening to this episode. We\u2019ll be back again next week for another show.

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Read more and get additional resources here: https://maestrowealth.com/

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Today's rundown:\xa0

2:41 \u2013 We\u2019re talking about the CARES Act and it\u2019s important for people to pay attention to.

3:44 \u2013 Small businesses are classified as fewer than 500 employees but there are some key benefits.

5:27 \u2013 This Act does two main things - loans and payroll protection.

6:43 \u2013 Business owners are concerned about how to operate in this current environment but you\u2019re not alone. That\u2019s why the CARES Act is important.

8:04 \u2013 Fun fact of the week dealing with Corona.

8:20 \u2013 Quote of the week

9:10 \u2013 Congress has really pulled together to help employers and employees.

10:56 \u2013 Social Distancing as it pertains to finance. First up is your emergency fund and stock market fund.

14:02 \u2013 Next two are life insurance and your investments.

16:35 - High turnover investment strategies vs after-tax brokerage accounts

19:30 - That last thing to keep separated is our emotions and our investment decisions.