Shhh….don’t tell Dave Ramsey this but I applied for a new credit card recently because it came with a fairly good sign up promo and when I got the card and setup the app on my iPhone, I was shocked to see it came with a credit line of $50,000! I’ve written about my strategy…
Category: Debt Management
The 50/30/20 Budgeting Rule
The 50/30/20 budgeting rule is making the rounds on the internet and I honestly wasn’t sure what it was until I read up on it. I haven’t had an official budget in over 20 years and that’s largely because I have always paid myself first. For decades, I’ve always tried to maximize my 401k, kept…
How A Millionaire Uses Credit Cards & Mistakes To Avoid
I currently have six credit cards with credit limits ranging from $20,000 to $50,000. I have two primary credit cards that I use that are hotel and airline branded to earn points/miles so that I can fly and stay for free (relatively speaking) when I travel. I have a few tricks I do with the…
How To Get Rid of Student Loans
There is a secret toolbox that exists in the sagacious financial mind and one of those tools is a little something I like to call debt laundering. What is debt laundering? Debt laundering is the process of taking bad debt (like student loans) and exchanging it for good debt (like credit card debt). I know…