In my post Jock Straps, Bunsen Burners and Passive Income, I talk about different kinds of passive income streams. One such stream from which I drink is residual payments from acting gigs. Yesterday, I got my all-time lowest residual payment: one red cent. That’s right, a penny. This was for some voices I did on the animated pilot “Dan Danger”.
I covered up my address cuz I don’t want y’all knowing I have this kinda cash sitting around.
It seems quite fitting that I am writing this post from eight miles high, on a Delta flight, with a ticket I purchased with 25,000 frequent flyer miles. I received those miles as part of a bonus for meeting the spend on a Delta SkyMiles American Express credit card.
They have increased their sign up bonus to 50,000 miles + a $50 Delta statement credit (usually it is 30,000 miles). The catch: You must apply by Monday, September 8th and then spend $1,000 in the first 3 months of having the card. Click on Chip’s Favorite Credit Card Offers for up-to-date deals, terms, and conditions on these cards and more. Email me if you have any questions.
The same deal applies for the business credit card. If you want to apply for both the personal and business cards at the same time, check out Results of My April “App-Aloosa” for tips on how I did it in the past.
Remember that you can no longer get the sign-up bonus on a Delta SkyMiles
A few years ago, I started loaning money to complete strangers via Lending Club and Prosper. Here are my posts after Year One and Year Two. $25 was the most I lent to any of the 30 people. I spread it around to (clear throat) diversify my portfolio. Of course, I said that with a swagger and deeper than usual voice.
I got returns of 6.72% and 5.78% respectively. Over the three years, only one borrower defaulted. So, I had to eat that, just like a bank does when someone bails on what they owe.
People who are looking to borrow money will say the reason they need the money. I tend to go with those who want the loan to pay off a high interest credit card or start a new business.
Are you more inclined to borrow than lend? You can do that too. It’s anonymous for all parties. Use Lending Club and Prosper to borrow money from regular people at a rate cheaper than your high interest credit card or a personal bank loan.
If you have extra cash, this might be a good way to help folks dig out of debt or fund other projects, while getting a better return than in a CD or savings account. Lending Club and Prosper do all the work for you. You just sign up to lend or borrow.
Donating to charity is a great way to help meet a credit card spending requirement. That’s how I paid off my ALS Ice Bucket Challenge Donation. There are TWO fantastic 50,000 mile sign-up bonus offers right now. You must apply for United’s by Tuesday (September 2nd). You have a week to apply for Delta’s (September 8th). Both offers are usually 30,000 miles, so 50,000 is mucho better!! Apply while you can!
You’re not a maroon. You see a sweet sign-up bonus for a credit card. The bonus is yours if you get the new card and spend a thousand dollars or so in the next few months. AWESOME! But, $1,000?!! You realize it doesn’t make sense to waste $1,000 on stuff you don’t need, just to get a free plane ticket or points worth $500. What do you do?
Use your new card for purchases where you’d normally use cash. Then pay off the new card with the cash you would have used in the first place. If you are afraid that you will use a card to spend money that you don’t have, I suggest signing in to your card account online and paying off the card balance as frequently as you wish – even daily!
$1,000 divided by three is only $333.33 per month or $11 per day. You can probably reach that spending requirement using your new card only paying the bills for your telephone, internet, cable and groceries.
I use my credit card everywhere for everything – instead of cash. I use a card for any purchase I make online or in stores. Heck, I just used a card to buy a banana at 7-11. I use it EVERYWHERE possible. I don’t write checks. I don’t use a debit card. A credit card puts a firewall between my money and other people. The only things I have not been able to pay with a credit card, without being charge a fee, are my mortgage, property tax and natural gas bills.
2) One Fell Swoop
Maybe you are like me. You’d rather not upset your system by involving another card. You already pay for everything with a credit card, and then pay the card off in full. Some of the bills are automatically charged to your credit card. Instead of getting 10
For a limited time, Chase United MileagePlus Explorer card has increased its sign up bonus to 50,000 miles after you spend $2,000 in the first three months. But you must apply by September 2nd.
You will get an extra 5,000 miles if you add an authorized user in the first three months. Instead of adding your cat Mr. Tibbers or The President, this may be a good emergency credit card for a college student.
The sign up bonus is usually 30,000 miles, so this is a sweet deal. If you are like me and got this card a couple months ago, call the number on the back of your card and ask if they will honor the 50,000 mile offer. They did for me!
This card comes with many perks:
- Free checked bag (up to $100)
– Priority boarding
– No foreign transaction fees
– TWO United Club lounge passes per year
– The $95 annual fee is waived the first year.
– Any Seat, Any Time. Cardholders have access to award seats that non-cardholder riff-raff scum does not!
50,000 miles can get you two round trip coach tickets!
If you are concerned about meeting the $2,000 spending requirement, there are many ways to achieve that, frugally. I use a credit card to pay for everything possible, then
>>>>>>>>>>>>> Click HERE to get your NFL team’s Visa card! <<<<<<<<<<<<<<
Here are a few ways you can get it free:
A) You could steal it. But, it’s probably best to not spend the 7th day resting while simultaneously shattering one of The Commandments.
B) You can get it free if you are a new customer to DirecTV, and sign a two-year contract with the “Choice” package or higher. If you are going to be a new customer to DirecTV, you can also get $100 off if you are referred by someone who has it. The referrer also gets $100 in statement credits. Order online at directv.com/refer or by calling 1-800-507-4045. Please give them my account number 15929124 when asked who referred you – so we can both get rich. Rich, I tell you. RICH!
C) If you are already a DirecTV subscriber and eschew thievery, here’s one way I got it free. I called DirecTV. I told the robot that I wanted “Customer Retention”. This got me a human. If you aren’t going to utter the words “Customer Retention” – just hang up the phone. You are wasting your time.
In 2013, I politely asked MJ in Customer Retention if there was any way I could get NFL
When you owe more on something than it’s worth, you are “upside-down”. If your home is worth less today than when you bought it – there is a silver lining to your upside-downitude.
Get the Tax Man to reassess your property’s value and thereby lower your tax bill.
My buddy JT had his home’s value reviewed. The Assessor came back with an even lower value than what JT hoped. He saved over $1,000 in property taxes. That is after-tax money. In his case, that was more like what is left after paying taxes on income of $1,500.
I dunno what goes on in your parts, but here is information about the appeal process in Los Angeles, where property owners are allowed to appeal their value between July 2 – Nov. 30.
Contact your local assessor and turn those lemons into a half full glass of lemonade!
I wrote about automatic recurring withdrawals from a bank account in “Are you a Miniature Donkey Talk subscriber?”.
The person who hired me to do a Debt Strategy Session got a one year magazine subscription as a joke for a friend. But the joke kept on giving, and braying, because the giver had the subscription auto-renew from his bank account. It was years before he checked his bank statement and found the auto-withdrawal.
Wasting hundreds of dollars is vexing. But I have a new entry atop the Leader Board. One of you guys sent me this email:
“My wife just realized she has been paying AOL for a dormant internet account she never cancelled at her place when we got married. $3,360 bucks over 7 years. Her mom warned me she doesn’t pay attention to her money. That’s a vacation in Spain.“
She paid her balance every month, but it took her 7 years to glance down the page to see the $39.99 charge from America Online. Uhhh… please check your statements.
Here’s today’s pearl of wisdom for the mouth-breathers among us: If you can’t afford rent, you can’t afford a housekeeper.
If you struggle to make rent, why do you pay a maid $300 a month? You should get a butler, too. You can’t afford him either!
If Maslow were alive today, idiots would beseech him to amend his Hierarchy of Needs. “Abe, of course food, clothing and shelter are awesome – but what I REALLY NEED is an iPhone, Internet, Cable TV and a Maid!”
My former stupid tenant had all those – except the rent. So, he got to move back in with his mommy and daddy and mooch off them.
Are YOU doing something that is creating angst in your financial world? Do you have your own maid/butler money-suck? Do you shell out for things that you simply cannot afford? People often confuse needs with wants. Here are some of my posts that can