Coronavirus Financial Armageddon Mitigation Checklist updated 3/27/2020

Coronavirus Financial Armageddon Mitigation Plan Checklist – see revisions by date last update-3/27/2020 V2 – Urgent

  • I think the curve would stop if we synchronized following the rules in any given region , otherwise it has to continue rolling.  so follow these rules until Easter Sunday and self isolate until 4/12/2020 and distance yourself as many in LA are NOT and maybe we can go back to church if we follow the rules beginning 4/1/2020 to 4/12/2020, please share so everyone gets this no later than 3/31/2020, so this can end.  I am a touchy person and can’t live like the Europeans that is why Italy suffered the most pain.  

  • Implement the Financial Freedom Formula (See below) which you can learn via my book, Escape the Madness,;
  • WHY Are so many Around the globe having financial difficulties when my book was written in 2015 and we have had over a decade of free money, can someone explain this by commenting below? (3/27/2020)
  • Stop all fake news get the truth via this link;
  • Evaluate Your Financial Statement(s);
  • Increase Your Revenue/Cash ASAP, (see example below);
  • Decrease Expenses;
  • Implement Cash Management Best Practices;
  • Close financials on-time each monthly/quarterly (3/26/2020);
  • Send temporary hardship letters to your creditors;
  • Expect to get margin calls;
  • Get shopping list and begin buying deals.  See this, I bought and sold and made over 200% in 24 hours which you can learn how to do in my book.  Building up cash is  vital.  Guess what I still own 50% of the shares.  I love my formula.(3/26/2020).  

  • Apply for all the Financial Assistance as necessary – as an Employer apply for loans immediately to continue making payroll;
  • Begin Cash Out Refinance(s) if your LTVs are 60% or less with 90% or more occupancy, if possible as you may have missed this window but it will resume and once it does I will share what I find in the market;
  • File US Tax Returns if owed a refund;
  • Extend filing of US Tax Returns if you owe money;
  • Draw on retirement savings and Pay Day Loans as last resort;
  • If you cannot pay your Rent Notify Your landlord to create payment plan, Don’t Let it roll over
  • Send Tenants Letter(s) to Apply for renter assistance programs;
  • Develop payment plans options for your tenants;
  • Work with your mortgage lenders to determine their moratoriums/Forbearance/Debt Restructuring policies;
  • Adjust Bank Accounts so they are below the FDIC $250k, Limit
  • Consult with a Bankruptcy Attorney to Explore Your Options
  • If you have a Zombie/Ponzi Scheme company begin liquidation as you can’t continue without real revenue;
  • So much noise, so be careful about anyone raising money as you don’t want to be swindled (3/26/2020)
  • Remain calm…….Proper Planning Prevents Poor Performance. (5 Ps).
  • If you live in an abusive relationship, get out as domestic violence is rising (3/26/2020);
  • It’s a good time to hire as I expect lots of talent for a better price and highly skilled will come to the market soon now that unemployment is rising  (3/26/2020)
  • Learn how to buy/build assets inside my book, Escape the Madness as this is who gets the welfare and who doesn’t (3/27/2020) excerpt from Branch Law firm;

  • Stop asking DUMB question such as “Is ATT Essential” as you wouldn’t be reading this without ATT, dumb stupid stuff NOW is counter productive, so please STOP.(3/27/2020), 
  • Ask for debt forgiveness on that worthless Ivy league education (3/27/2020);
  • Stay inside so we clean this up by Easter so I can open the LA Sofi stadium on time to get the NFL players on the field as I need LAX open ASAP.  (3/27/2020)
  • Cleanse thyself immediately from practicing the 7 deadly sins. (3/27/2020);
  • Donate via the link below to get tax write-off.  You owe this if you are making money in my hood.  I am proud of my home where I was born and a homeless foster.  See links below.  to sing my song about my hood and I almost died working to give you the NFL Sunday Ticket for 10 years each Sunday and you better hope & pray to get it back on time.  want it back then execute this plan.  No more BS.  I could never tell my boss at DIRECTV no  so donate hear and pray that we succeed;(3/28/2020);
  •  
  • Don’t Forget to Implement the Steps In Financial Freedom Formula (See below) which you can learn via my book, Escape the Madness;

Contact me at gena@genalofton.com if you need any of the documents mentioned above.

Comment below if you have any suggestions to add to the above list and/or is this of value as I am thinking about using this time to write Escape the Madness, II, for release in 2020.  

Seeking an agent now, so let me know if you know of anyone I can hire as I have a few calls out to a few next month and want to finalize selection.

Good Luck.

Gena Lofton  

P.S. Want to Learn the Financial Freedom Formula?

  1. Get my book, Escape The Madness 
  2. Subscribe to My YouTube Channel.
  3. Get the Accelerator on my website
  4. Sing the Financial Freedom Formula Rap Song
  5. Get up to $500 from Charles Schwab by opening an account toda 

 

6 comments

  1. Hollis Wagenstein-Hurturk

    Gena, I thought this was such a great post that I shared it on ny financial freedom blog. I’m a fan of yours and a follower, and I invite you to check out my financial community and take part as you see fit

    Hollis
    https://www.facebook.com/groups/WealthAccountabilityPartners/

    1. Gena Lofton

      Thanks for the feedback, this has been crazy so I am updating this daily, you may want to share with your audience.

  2. Amorette Arceneaux

    Great info! Thank you Gina!

    1. Gena Lofton

      you are welcome

  3. Rachel Czer

    Thanks Gina! Very helpful!

    1. Gena Lofton

      thanks

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