President Trump proposed giving every American a $2,000 tariff “dividend,” sparking debate. Shark Tank’s Kevin O’Leary believes it’s a flawed idea that won’t solve underlying issues, costing $600 billion annually and fueling inflation.

O’Leary advocates using the funds to pay off debt or lower the national deficit, rather than issuing checks. While a $2,000 windfall may help some financially struggling individuals, he emphasizes the importance of addressing core problems.

To make the most of unexpected funds, consider clearing high-interest debt or starting an emergency fund. Tools like Acorns can help automate savings and investments, while strategies like the avalanche and snowball methods can aid in debt repayment.

For those debt-free with an emergency fund in place, investing the $2,000 can lead to growth. Options like SoFi offer low-cost index fund investments, while diversification into real estate through platforms like Arrived can provide passive income opportunities.

Real estate investors can benefit from platforms like Baselane, streamlining property management tasks and saving time. Whether investing, saving, or paying off debt, strategic financial decisions can make the most of unexpected windfalls.

Read more at Yahoo Finance: Kevin O’Leary blasts Trump’s $2,000 tariff dividend as a ‘silent tax’ on Americans. What to do with it if you get it