Let’s be honest: A $1,400 stimulus check isn’t going to turn you into a millionaire by itself. But if that $1,400 motivates you to start investing regularly, you could easily become a millionaire.
Before you think about investing your stimulus check, you should have enough money for bills, debt that’s manageable, and at least a three- to six-month emergency fund. If all three things are true, you’re in a good position to invest your stimulus payment. Try these five strategies for investing it like a millionaire.