I have watched this episode a few times now! I already work a full time job with so much overtime. I'm not much of a consumer at all, but love to travel. I was lamenting to my boyfriend the other day about how I just wish I could make enough to be able to get a first class ticket and not feel bad about spending my W2 money (when I do book I always buy the cheapest ticket). I love the buyer's group idea. I just tried it and made $4 worth of points on my Chase card in only a few minutes of work. Really motivates me to try and push it a little more ;) Plus, I really just love the game of it all ! Appreciate you guys and all of your content !!
I run a full time reselling business as well. These kinda deals and credit cards points go crazy. I haven’t paid out of pocket for vacations in years. All inventory purchases, supplies and shipping labels go on the CCs
How long do u have to wait to apply for credit cards? I got a venture x last month and I already hit my sign up bonus spend amount. Can I apply for a Chase sapphire reserve now or wait?
@@jeancarloferreira9770 it really depends, most of the application rules are specific to a bank, but I’m making a video on that as well. If you haven’t been opening a ton of cards and have opened less than 5 in the past 2 years, I think you’d be ok. And if you want to support me, you can go through allthehacks.com/cards
@allthehacks I just tried getting a venture card using the pre approval thing for capitalone and they said no because it's been to recent since I got the venture X. It hasn't even been a full month 🤣 But apparently I can have both venture and venture x and get both sign up bonuses. That's pretty sweet
@@chris-hutchins "Credit cards points are not subject to tax." Is that always true? I agree for personal expenses. The way I usually hear it is "credit card points are considered a rebate." If the rebate is on a business expense, I would assume the IRS would consider the rebates as reducing your expenses; reducing them to the point where you are making a profit. Am I missing something?
@@JoseSantiago-yq7coyes and no. There’s a lot to tease out here and you should consult a tax professional. But if you use a cash back card intending to lower the cost of good purchased in order to generate a profit, then that should be considered your actual cost of goods. But if we’re talking about earning credit card bank points while purchasing business goods, that’s usually not factor in to your cost of goods. There’s also the gray area of how would you equate the credit card point to a fair value. Does MR = 0.6 cents per point or 1 cent per point? Remember banks do not generally publish this data and we’re not using TPG guideline as the source of truth 😂
In general, credit card sign up bonuses are NOT taxed. Referral bonuses are. If I get a 100k point sign up bonus, I probably won’t get a 1099. If I get 100k of referral bonuses, I can expect to get a 1099-MISC or 1099-INT for $1000. This is especially important when it comes to points from cards like Marriott. Marriott point value is generally like 0.6 to 0.8 cents per point but they value them as 1 cent per point in taxes. If you get 100k Marriott points from referrals (worth $600-$800), they will send you a 1099 for $1000
Not quite as hardcore as Kai, but I do 30-60 offers a year. You keep a spreadsheet of every bank account, credit/debit card, and loan offer. When it's clear to close the account (typically about 6 months after opening), I confirm on the Google sheet that the bonus has posted and I've held the account long enough to meet terms. The spreadsheet only takes 1-2 minutes each time as long as you update it as you go. It's typically a simple phone call or secure message through online banking to close. Very rarely do you ever have to mail a physical letter to close. Doctor of Credit also has a lot of public data points about how to close each account too.
@@ArcticProxy thanks for this explanation! I have so many credit cards I keep them in a shoe box. When my boyfriend and I started dating I was trying to convince him that I wasn't bad with money, but the shoe box full of credit cards was definitely suspect. He understands my side hustlin' ways now ;)
@@prudeylou Haha it always throw people off when they learn you open credit cards as a hobby AND make money from it. Several people have just asked me, "So, your hobby is bank fraud?" Oh well, more money for me then. So many people don't realize how much low-hanging fruit exists thanks to bank marketing budgets.
@@ArcticProxy I have also made a little side income selling tradelines on two of my long held credit cards - and get the same bs about how I am profiting off of poor people. That’s what I do for hobbies apparently - commit bank fraud and take advantage of poor people 😆
I've thought about doing the whole bank thing, but there goes your automatic payments, or is he considering the time of changing everything over every time he switches bank?
will the bank account funding and gift card buying be categorized as spend by the credit card issuers like Chase and Cap1? They mention that cash and cash equivalents like gift cards will not be counted as spend. plz correct me if im wrong
It varies based on the card issurer and store. I've had the most success buying physical cards. E-cards are very hit and miss. I've even been given credit for an e-gift card, but a few months later when I purchased another e-card received no credit for it.
I have a business and I had no idea about this. Would this be contingent on having great personal credit, or does the personal not factor? I would love to get started
Most banks allow you to call/message and set your cash advance to $0 or something low. For example, chase allows you to limit cash advances to $100, so any charge over $100 that codes as a cash advance is declined. I've funded probably 20 bank accounts with a CC and haven't been hit with a cash advance fee yet. Check Doctor of Credit for your bank first to make sure!
haha, he's saying "meal kit" meal. Kai's content is great, but he really needs to work on his pronunciation of certain words. For a guy who says he's been to Japan several times---it's Raku-TEN NOT Raku-TAN!🤦♂
@@slee2558 milkit, eh? That would be a great name for dairy based meal kit business Milk it, the only dairy based meal kit. Have all kind of cheese, yogurt, milk you want.
So the guy you mention doing 10 million in sales, when he gets his BOA cc 2.625% cash back, you mentioned it comes back as a rebate? And for sure its tax free?
@@chris-hutchins ok thanks. I know Kai had mentioned in his episodes that with buying group purchases and the resulting cash back from a card could be taxable but buying groups do not send 1099s its up to us to report it.
I'm sure because rebates are NOT considered as ANY type of income; Tax law plainly states that as such. And even though there has been at least once been a court case where the IRS targeted a couple for amassing large amounts of cash back via manufactured spend, the latter successfully won due to said distinction written into federal law.
Paypal has decided to lower the 2% on our spend starting in August 2024. They will begin giving us 1.5% in the future -- am on the hunt for a new card. I pay as much of my bills along with my groceries and gasoline on the card and am currently receiving around $75/monthly bonus -- any ideas?
Unfortunately, you get better returns investing and learning how to invest in the stock/ real estate market or even building your own company. I spent 5 years doing these tricks and made about a grand extra a year (sometimes more) from my 25 k savings, when I could have made much more investing and learning how to invest. Also you can use this time to go to school, increase your skills etc. doing this sparingly is great but not more than that.
@@chris-hutchins Thank you very much. That's what I suspected, but if you're an attention to detail person as myself one asks "stupid" questions.… Thank you for the great podcasts. I'm 66 years old. I have an STRV and I hosted two retired Financial professors from Alabama as my guests. Which reminds me of a song: They call Alabama the Crimson Tide... . I asked them if they knew what the rule of 72 was in finance. They did not. Two retired professors from the Alabama Crimson Tide. Unbelievable
Sounds like you'd have to have enough funds to be able to transfer around and let sit in all these banks. And then juggling everything around? Im sure people are doing it but doesn't sound very practical.
Something they’re omitting: New fintech firms are untested. If they aren’t SIPC or FDIC insured, you could lose everything like FTX. When you transfer $500k, there is a very small chance that they misunderstand you and liquidate your position during the transfer. That would cost you 6 figures in losses as you’ve paid taxes that you wouldn’t pay if you withdrew in retirement. Is that worth your $5000 credit?
@@chris-hutchins Fair, but it’s the headache and asking “what is my time worth?” I used to play online poker a lot, and many known sites like PokerStars were VERY hard to eventually withdraw your money from after they ran into some legal issues. I’m talking endless phone calls and emails, threats of lawsuits, etc. Finally, with enough tenacity, you will get your money back, but it took years. This is money that couldn’t collect interest or capital gains as it rotted in a poker account. I’m not saying these deals aren’t real, but there is a hidden tax to them which is these sort of headaches that you may run into. Unless you really hate your low paying job, and you aren’t bright enough to get a higher paying job, I don’t know that all of this headache is the best use of one’s time. Like at what point is it break even to just drive for Uber instead for those 10-15hrs? Or learn a skill that can get you a promotion at work. At least the skill could add lifelong value (like knowing another language) instead of just hacking deals to move money around.
it needs to be a "bank" not an exchange. and just make sure its fdic insured. most will port your money over to banks to keep you insured, so thats how they get around it
I would disagree… that’s an important factor that can help multiply the bonuses two fold. My parents used to use a single credit card and now they travel for free referring cards back and forth. Within reason of course and you need to know how the game works.
Only bank bonuses! Not credit card points that require spend (IRS considers these as rebates). Some exceptions exists, of course. But at the end of the day, the bonuses are such low-hanging fruit, who cares if there's some tax drag on the almost ”free" money.
Getting 1000 for a 30K investment over 60 days is *not* a great return on investment. Even annualized, that is only 3.64% return. It *seems* like "free" money, but putting 30K into a high-yield CD or money market account could yield even *more* every year, but you have to be determined to leave it in that account and not spend it on food, shelter, etc . Honestly I just worry that the amount ("Wow, $1000 just for depositing my money for 2 months!") is *not* an accurate way to think for people looking to build REAL wealth throughout their life.
@@rossfortini1856 $1k in 60 days for a $30k balance is 20% annualized. Even 5% would only be ~$125/mo. Even better, a lot of the bonuses still pay some interest, so you can stack. Totally get it’s not for everyone, but wanted to clarify the math.
This information is ehh shifty. How to make a dishonest dollar. I'm listening to this at work feeling thankful to actually earn my wages. Have had random investing material playing all day then somehow this junk ended up on my phone. Two grown men trying to make a channel about bumming the system. Smh
@@raymondringl8269 Off the top of my head I recall getting to the point where the person was suggesting you scam offers from different honest meal companies trying to generate actual normal paying customers. 🤔 They also suggested bank hopping to create income. I watched a while and felt it was just trying to help people take advantage of these companies.
Lol...bumming the system? This is nothing like the bums I see milking the welfare or disability system while the working class pays all their bills and provides a check for doing nothing when they could be working and contributing. These bottom feeders don't pay taxes and the ones with kids get whopper refunds. You have a narrow life experience. These offers aren't for the poor and needy. If you need to deposit even $5k to be eligible for a bonus, who is qualifying? You think these companies can't afford to make these offers? Geez.
Ha ha ha. It's so funny to watch rich people scamming companies 😒This just gives those companies more reasons to raise their rates for the rest of us. You've got the money, you like the service, just pay the fee
Save your money and collect interest from it as well. Now is the best time in decades to make money for saving. If interest rates go down inflation will take its place.
What an incredible show and interview. The value add and knowledge share were just next level. 😮💰🤯🪙🧠📚 Just how I took this comment to emoji town, I see myself going down a rabbit 🐇 hole 🕳 with these hacks. So I think 🤔 I'll start with the meals, 🥗, then a phone ☎️, then a bank 🏦, then the credit card 💳. What would be your follow playlist or videos to this video?
Great episode! Love Kai's podcast, so good to put a face to the voice, lol. Can't wait to hear the follow up episodes.
Thanks for watching! I loved it too!
I have watched this episode a few times now! I already work a full time job with so much overtime. I'm not much of a consumer at all, but love to travel. I was lamenting to my boyfriend the other day about how I just wish I could make enough to be able to get a first class ticket and not feel bad about spending my W2 money (when I do book I always buy the cheapest ticket). I love the buyer's group idea. I just tried it and made $4 worth of points on my Chase card in only a few minutes of work. Really motivates me to try and push it a little more ;) Plus, I really just love the game of it all ! Appreciate you guys and all of your content !!
@@prudeylou thanks so much! Good luck with all your side hustles and points earning!
This channel will blow up to 100k soon.
@@Martin-Savage I hope you’re right! :)
Excellent content, I was looking for a part time job and you guys have opened the door for me, can't wait to get started learning Thank you both
That’s so awesome to hear! Good luck!
whats the episode you talk about getting deals on iPhones?
It was allthehacks.com/138 (unfortunately I didn’t do video for it)
I run a full time reselling business as well. These kinda deals and credit cards points go crazy. I haven’t paid out of pocket for vacations in years. All inventory purchases, supplies and shipping labels go on the CCs
@@ShawnyB97 amazing, love to hear it
As soon as I exit my menial retail job, that's what I want to do!
Pure Gold. Thank you so much for this
Thanks for watching!
How long do u have to wait to apply for credit cards?
I got a venture x last month and I already hit my sign up bonus spend amount. Can I apply for a Chase sapphire reserve now or wait?
@@jeancarloferreira9770 it really depends, most of the application rules are specific to a bank, but I’m making a video on that as well. If you haven’t been opening a ton of cards and have opened less than 5 in the past 2 years, I think you’d be ok. And if you want to support me, you can go through allthehacks.com/cards
@allthehacks I just tried getting a venture card using the pre approval thing for capitalone and they said no because it's been to recent since I got the venture X. It hasn't even been a full month 🤣
But apparently I can have both venture and venture x and get both sign up bonuses. That's pretty sweet
@@chris-hutchinswhat ways can we meet the ACH if we are self employed?
What about paying by taxes on the bonus you receive? That hurts
Hard to complain about taxes on free money :) and credit card points and cash back aren’t’t subject to tax
@@chris-hutchins "Credit cards points are not subject to tax." Is that always true? I agree for personal expenses. The way I usually hear it is "credit card points are considered a rebate." If the rebate is on a business expense, I would assume the IRS would consider the rebates as reducing your expenses; reducing them to the point where you are making a profit. Am I missing something?
@@JoseSantiago-yq7coyes and no. There’s a lot to tease out here and you should consult a tax professional. But if you use a cash back card intending to lower the cost of good purchased in order to generate a profit, then that should be considered your actual cost of goods. But if we’re talking about earning credit card bank points while purchasing business goods, that’s usually not factor in to your cost of goods. There’s also the gray area of how would you equate the credit card point to a fair value. Does MR = 0.6 cents per point or 1 cent per point? Remember banks do not generally publish this data and we’re not using TPG guideline as the source of truth 😂
@@JoseSantiago-yq7co that is an excellent point that I’ve never heard discussed. I’ll do some digging
In general, credit card sign up bonuses are NOT taxed. Referral bonuses are.
If I get a 100k point sign up bonus, I probably won’t get a 1099. If I get 100k of referral bonuses, I can expect to get a 1099-MISC or 1099-INT for $1000.
This is especially important when it comes to points from cards like Marriott. Marriott point value is generally like 0.6 to 0.8 cents per point but they value them as 1 cent per point in taxes. If you get 100k Marriott points from referrals (worth $600-$800), they will send you a 1099 for $1000
But how do you clean up all the mess, unwanted accounts. Sorry if that's answered at the end.
Not quite as hardcore as Kai, but I do 30-60 offers a year. You keep a spreadsheet of every bank account, credit/debit card, and loan offer.
When it's clear to close the account (typically about 6 months after opening), I confirm on the Google sheet that the bonus has posted and I've held the account long enough to meet terms. The spreadsheet only takes 1-2 minutes each time as long as you update it as you go.
It's typically a simple phone call or secure message through online banking to close. Very rarely do you ever have to mail a physical letter to close.
Doctor of Credit also has a lot of public data points about how to close each account too.
@@ArcticProxy thanks for this explanation! I have so many credit cards I keep them in a shoe box. When my boyfriend and I started dating I was trying to convince him that I wasn't bad with money, but the shoe box full of credit cards was definitely suspect. He understands my side hustlin' ways now ;)
@@prudeylou Haha it always throw people off when they learn you open credit cards as a hobby AND make money from it. Several people have just asked me, "So, your hobby is bank fraud?"
Oh well, more money for me then. So many people don't realize how much low-hanging fruit exists thanks to bank marketing budgets.
@@ArcticProxy I have also made a little side income selling tradelines on two of my long held credit cards - and get the same bs about how I am profiting off of poor people. That’s what I do for hobbies apparently - commit bank fraud and take advantage of poor people 😆
@@ArcticProxy people are ignorant and jealous because they don't know how to do it so they just say pessimistic comments lol, more for us
Kai you are spot on with usage on Verizon - 20+ years and went to Mint for $15 a month!
@@leslieh4899 nice!! Love Mint!
Great to hear a shout out to Doctor of Credit. Chuck and William do one hell of a job on their website. They are indeed the bible of Bank Bonuses! 😍
@@amillionskies2501 totally agree!
I've thought about doing the whole bank thing, but there goes your automatic payments, or is he considering the time of changing everything over every time he switches bank?
@@davinci05131979 I think it might be separate from primary bank so you don’t have to switch everytbkng
will the bank account funding and gift card buying be categorized as spend by the credit card issuers like Chase and Cap1? They mention that cash and cash equivalents like gift cards will not be counted as spend.
plz correct me if im wrong
It varies based on the card issurer and store. I've had the most success buying physical cards. E-cards are very hit and miss. I've even been given credit for an e-gift card, but a few months later when I purchased another e-card received no credit for it.
@@theonlybuster thanks a lot. Possible for you to confirm for chase?
@syedtayyab5142 source? Have you confirmed that with chase and cap1 tax department?
I've been doing this for a year now! I keep Navy Fed as my main bank and apply for a different bank checking account for their bonuses every month
How long do you stay on the other banks?
@@dhuratadobbins3001 I stay until the bonus posts in my account.
Sure you do..... lol
@@Bitcoin_Gold In fact I do
I have a business and I had no idea about this. Would this be contingent on having great personal credit, or does the personal not factor? I would love to get started
@@bignamehusband3327 personal credit is usually checked for business credit cards, but some issuers (often Amex) don’t check for subsequent cards
I do this but with checking and savings accounts no credit check required
Do you mean cash advances on your credit card to fund the bank account? Does that count towards your spend?
@@JaneWalker no, they usually just code as charges, not cash advances.
Most banks allow you to call/message and set your cash advance to $0 or something low. For example, chase allows you to limit cash advances to $100, so any charge over $100 that codes as a cash advance is declined.
I've funded probably 20 bank accounts with a CC and haven't been hit with a cash advance fee yet. Check Doctor of Credit for your bank first to make sure!
Whats a milkit meal?
haha, he's saying "meal kit" meal. Kai's content is great, but he really needs to work on his pronunciation of certain words. For a guy who says he's been to Japan several times---it's Raku-TEN NOT Raku-TAN!🤦♂
@@slee2558i literally had to Google milkit. Like, WTF
@@slee2558 milkit, eh? That would be a great name for dairy based meal kit business Milk it, the only dairy based meal kit. Have all kind of cheese, yogurt, milk you want.
Robinhood does not pay interest on cash in IRA account
but if you put that cash into a MMF like VUSXX you can get a return
@@chris-hutchins they do not allow it to buy through IRA
I would change brokerages. Does Robin Hood have a trading platform for computers or still just a phone app?
@@chris-hutchinsCan you get this on robin hood?
@@karenwinkler3069 maybe not but BIL and SGOV will def be there
First off I had no idea about any of this! You offered me a ton of value in this video! I definitely subscribed & liked the video! Thanks so much!
@@fenkellmoney8034 so glad you enjoyed it!!
Great information 👍 👌 Thank you so much ☺️
@@SmartWealthEducation thank you for watching and commenting!
Thank god for the 2X times speed for slow talkers
Kai be like “fuck the Chase 5/24 rule” 😂
Please have him back and talk more about the credit card misconceptions, how he opened 30 cards in a year, how to meet minimum spend
@@mickeyauau I actually have an entire episode coming out about meeting minimum spend :)
@@chris-hutchins great! I will look out for it. Love your content
So the guy you mention doing 10 million in sales, when he gets his BOA cc 2.625% cash back, you mentioned it comes back as a rebate? And for sure its tax free?
I’m not a cpa but my understanding is that it’s not taxable.
@@chris-hutchins ok thanks. I know Kai had mentioned in his episodes that with buying group purchases and the resulting cash back from a card could be taxable but buying groups do not send 1099s its up to us to report it.
I'm sure because rebates are NOT considered as ANY type of income; Tax law plainly states that as such. And even though there has been at least once been a court case where the IRS targeted a couple for amassing large amounts of cash back via manufactured spend, the latter successfully won due to said distinction written into federal law.
How long does it take to do your taxes? Im sure you have at least dozens of forms you have report
@@zarinahzarif910 for the past ~5-7 years we’ve worked with a CPA but before that it probably took ~8hrs total (incl collecting all the docs)
Like I have $30,000 to put in a bank to get $1000
@MrJohnnyak you don’t have $30k?
Paypal has decided to lower the 2% on our spend starting in August 2024. They will begin giving us 1.5% in the future -- am on the hunt for a new card. I pay as much of my bills along with my groceries and gasoline on the card and am currently receiving around $75/monthly bonus -- any ideas?
10-15 hrs/week…
Does Kai have a youtube channel?
Unfortunately, you get better returns investing and learning how to invest in the stock/ real estate market or even building your own company. I spent 5 years doing these tricks and made about a grand extra a year (sometimes more) from my 25 k savings, when I could have made much more investing and learning how to invest. Also you can use this time to go to school, increase your skills etc. doing this sparingly is great but not more than that.
First
We? 10 -15 hours per week. Is that each person, meaning 20 to 30 hours a week or a total of 15 to 20 hours a week for two people?
@@KwavesProductions I think it’s 10-15hr/week total, I don’t think Kai’s P2 does much of this :)
@@chris-hutchins thank you
if you have a p2 only 1 person needs to do the work as long as they have access
@@chris-hutchins Thank you very much. That's what I suspected, but if you're an attention to detail person as myself one asks "stupid" questions.… Thank you for the great podcasts. I'm 66 years old. I have an STRV and I hosted two retired Financial professors from Alabama as my guests. Which reminds me of a song: They call Alabama the Crimson Tide... . I asked them if they knew what the rule of 72 was in finance.
They did not. Two retired professors from the Alabama Crimson Tide. Unbelievable
Bottom line It takes money to make money. Therefore we need to earn it before we can make more.
Of course nothing is free. LoL
Sounds like you'd have to have enough funds to be able to transfer around and let sit in all these banks. And then juggling everything around? Im sure people are doing it but doesn't sound very practical.
@@bloodnthuner it’s definitely not for everyone and takes some attention to detail, but for the right person it’s a decent side hustle
Something they’re omitting:
New fintech firms are untested. If they aren’t SIPC or FDIC insured, you could lose everything like FTX.
When you transfer $500k, there is a very small chance that they misunderstand you and liquidate your position during the transfer. That would cost you 6 figures in losses as you’ve paid taxes that you wouldn’t pay if you withdrew in retirement. Is that worth your $5000 credit?
@@The.Harsh.Truths that’s true, but very few fintechs aren’t fdic/spic insured. I think every one we mentioned is.
@@chris-hutchins Fair, but it’s the headache and asking “what is my time worth?”
I used to play online poker a lot, and many known sites like PokerStars were VERY hard to eventually withdraw your money from after they ran into some legal issues.
I’m talking endless phone calls and emails, threats of lawsuits, etc. Finally, with enough tenacity, you will get your money back, but it took years. This is money that couldn’t collect interest or capital gains as it rotted in a poker account.
I’m not saying these deals aren’t real, but there is a hidden tax to them which is these sort of headaches that you may run into.
Unless you really hate your low paying job, and you aren’t bright enough to get a higher paying job, I don’t know that all of this headache is the best use of one’s time.
Like at what point is it break even to just drive for Uber instead for those 10-15hrs? Or learn a skill that can get you a promotion at work. At least the skill could add lifelong value (like knowing another language) instead of just hacking deals to move money around.
it needs to be a "bank" not an exchange. and just make sure its fdic insured. most will port your money over to banks to keep you insured, so thats how they get around it
Why isn't the contact info of this guy in the description of the video?? I looked for it but did not find it. Can someone share it please?
Its at the top under "Kai's Podcast"
it links to his website
@@user-el4su7tl6f Thank you! I think I missed it because I was looking for a RUclips link.
You get 1099s from the bank.
That’s correct
Stop promoting recruiting of family and friends.
I would disagree… that’s an important factor that can help multiply the bonuses two fold. My parents used to use a single credit card and now they travel for free referring cards back and forth. Within reason of course and you need to know how the game works.
Are you the family member who couldn’t handle credit?
How about you create a podcast and do it your way instead of telling him what to do?
So many commercials
@@justincalmes8554 sorry! I just use RUclips’s automated ads, how many do you see? I can’t easily test because I have YT premium
1000 of 30000 is not 20% return what?
@@younggod6940 if you only have to keep the money there for 2 months, you’d annualize to 20% (1000 / 30000 / 2 * 12)
@@chris-hutchinsthe deal was 90 days. 10% return
Be aware bank bonuses are taxable and can put you in a higher tax bracket if you are not careful.
But only the income above the tax bracket threshold is taxed at that level (except for if your income puts you into a higher cap gains bracket).
OBSERVATION...remember. you are taxed on these offers
Only bank bonuses! Not credit card points that require spend (IRS considers these as rebates). Some exceptions exists, of course.
But at the end of the day, the bonuses are such low-hanging fruit, who cares if there's some tax drag on the almost ”free" money.
How to open multiple Us credit card with only 1 hard pull?
No such thing. Millions of Americans in credit card debt. Stop getting these high interest cards it not worth it
@@Bitcoin_Goldnot a problem if you pay them off in full every month.
Getting 1000 for a 30K investment over 60 days is *not* a great return on investment. Even annualized, that is only 3.64% return. It *seems* like "free" money, but putting 30K into a high-yield CD or money market account could yield even *more* every year, but you have to be determined to leave it in that account and not spend it on food, shelter, etc . Honestly I just worry that the amount ("Wow, $1000 just for depositing my money for 2 months!") is *not* an accurate way to think for people looking to build REAL wealth throughout their life.
@@rossfortini1856 $1k in 60 days for a $30k balance is 20% annualized. Even 5% would only be ~$125/mo. Even better, a lot of the bonuses still pay some interest, so you can stack. Totally get it’s not for everyone, but wanted to clarify the math.
How did you arrive at 3.64%?
This information is ehh shifty.
How to make a dishonest dollar.
I'm listening to this at work feeling thankful to actually earn my wages. Have had random investing material playing all day then somehow this junk ended up on my phone. Two grown men trying to make a channel about bumming the system. Smh
In what way is this making a dishonest dollar?
@@raymondringl8269 Off the top of my head I recall getting to the point where the person was suggesting you scam offers from different honest meal companies trying to generate actual normal paying customers. 🤔 They also suggested bank hopping to create income. I watched a while and felt it was just trying to help people take advantage of these companies.
They put out the offers nobody is forcing the companies to offer this. I am sure the companies that offer such bonuses aren’t hurting for cash.
Lol...bumming the system? This is nothing like the bums I see milking the welfare or disability system while the working class pays all their bills and provides a check for doing nothing when they could be working and contributing. These bottom feeders don't pay taxes and the ones with kids get whopper refunds. You have a narrow life experience. These offers aren't for the poor and needy. If you need to deposit even $5k to be eligible for a bonus, who is qualifying? You think these companies can't afford to make these offers? Geez.
@@EMan-cu5zo entitlement
Ha ha ha. It's so funny to watch rich people scamming companies 😒This just gives those companies more reasons to raise their rates for the rest of us. You've got the money, you like the service, just pay the fee
Save your money and collect interest from it as well. Now is the best time in decades to make money for saving. If interest rates go down inflation will take its place.
If thats what you call a scam lol
Go back to cleaning
most of these companies arent worried because they make bank off the people who actually pay...and they get goverment help
Fake
@@steveyjay4163 what do you think is fake?
@@chris-hutchinsI think he’s fake
@@bosstime2010 like he’s an AI? Or what?
What an incredible show and interview.
The value add and knowledge share were just next level. 😮💰🤯🪙🧠📚
Just how I took this comment to emoji town, I see myself going down a rabbit 🐇 hole 🕳 with these hacks.
So I think 🤔 I'll start with the meals, 🥗, then a phone ☎️, then a bank 🏦, then the credit card 💳.
What would be your follow playlist or videos to this video?
@@livingworkingoutsidebox thanks so much!!