Search found 616 matches

by Drew777
Mon Mar 19, 2018 10:42 am
Forum: Personal Consumer Issues
Topic: Paging BH Gearheads: Reasonable Net Worth for Exotic
Replies: 104
Views: 6810

Re: Paging BH Gearheads: Reasonable Net Worth for Exotic

Check out Exotic Car Hacks. It is 100% legit. The Facebook group is full of people driving and flipping exotics for a profit or breakeven. I've seen some cases where someone made $20k off of one flip. The key is just waiting it out until you can find one at a low enough price. It's well worth the mo...
by Drew777
Thu Feb 22, 2018 3:05 pm
Forum: Personal Consumer Issues
Topic: Bogleheads with $100K+ MSRP cars?
Replies: 113
Views: 13608

Re: Bogleheads with $100K+ MSRP cars?

My car had a $100k+ MSRP, but I bought it used and did not pay anywhere near that price. 2007 BMW M6 manual convertible. I bought it low enough I'll be able to flip it for a profit. I've already had a couple offers over what I paid for it, but I'm holding out a little longer and enjoying it for now.
by Drew777
Fri Feb 16, 2018 12:51 pm
Forum: Personal Consumer Issues
Topic: Signed up for American Express - "Premium" car rental insurance
Replies: 46
Views: 4753

Re: Signed up for American Express - "Premium" car rental insurance

FYI Chase Sapphire Preferred comes with primary rental car insurance at no cost.
by Drew777
Fri Feb 16, 2018 11:44 am
Forum: Personal Finance (Not Investing)
Topic: Number at which to stop worrying
Replies: 170
Views: 18512

Re: Number at which to stop worrying

I don't know, maybe I'd slow down at $20 million. Probably not though. To me financial freedom means you can do whatever you want whenever you want without worrying about money. My aspirations of retirement aren't being able to buy a used truck, stay at the Holiday Inn, and take a Royal Caribbean c...
by Drew777
Fri Feb 16, 2018 10:21 am
Forum: Personal Finance (Not Investing)
Topic: Number at which to stop worrying
Replies: 170
Views: 18512

Re: Number at which to stop worrying

I don't know, maybe I'd slow down at $20 million. Probably not though. To me financial freedom means you can do whatever you want whenever you want without worrying about money. My aspirations of retirement aren't being able to buy a used truck, stay at the Holiday Inn, and take a Royal Caribbean c...
by Drew777
Thu Feb 15, 2018 2:07 pm
Forum: Personal Consumer Issues
Topic: Used car - warranty or no?
Replies: 24
Views: 1089

Re: Used car - warranty or no?

If you're buying a luxury/exotic vehicle known to have expensive repairs then I would recommend getting a warranty. Just do your research and make sure you get a good one. If you're buying a Toyota then don't bother with the warranty. I bought my M6 used, and it already had a warranty. The owner tra...
by Drew777
Thu Feb 15, 2018 2:05 pm
Forum: Personal Consumer Issues
Topic: What big item (>20k) are you saving up for?
Replies: 159
Views: 14081

Re: What big item (>20k) are you saving up for?

I'm saving up to buy an apartment complex as an investment. Will need much more than $20k though.
by Drew777
Thu Feb 15, 2018 1:57 pm
Forum: Personal Finance (Not Investing)
Topic: Number at which to stop worrying
Replies: 170
Views: 18512

Re: Number at which to stop worrying

I don't know, maybe I'd slow down at $20 million. Probably not though. To me financial freedom means you can do whatever you want whenever you want without worrying about money. My aspirations of retirement aren't being able to buy a used truck, stay at the Holiday Inn, and take a Royal Caribbean cr...
by Drew777
Thu Feb 15, 2018 8:09 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2692
Views: 519572

Re: What's Your Credit Card Rewards Strategy?

In terms of sign up bonuses, I feel like I've kind of hit a wall. I have arbitrarily set a minimum of $500 signup bonus minimum, and have avoided anything over $100 annual fee. This year I did Capital One Venture - $500 Merril Card - $500 BOA Premium - $500 Amegy Business - $1000 I tried one of the...
by Drew777
Thu Feb 15, 2018 8:05 am
Forum: Personal Finance (Not Investing)
Topic: Friend with extremely high interest credit card debt
Replies: 20
Views: 1772

Re: Friend with extremely high interest credit card debt

She has an income problem, not a debt/spending problem. At $30k a year there's only so much she can save or cut spending. I'd be focusing 100% of my time and effort on increasing my income if I were her.
by Drew777
Mon Feb 05, 2018 9:54 am
Forum: Personal Consumer Issues
Topic: For BHs who actually like cars - [what car do you drive every day?]
Replies: 280
Views: 19224

Re: For BHs who actually like cars - [what car do you drive every day?]

I have a 2015 Tacoma Double Cab and a 2007 BMW M6 convertible 6 speed.
by Drew777
Fri Dec 22, 2017 9:46 am
Forum: Personal Finance (Not Investing)
Topic: Can I afford it: Dodge Challenger
Replies: 122
Views: 7410

Re: Can I afford it: Dodge Challenger

Miatas are far and away the most common cars at track days and also the most raced car out there. Plenty of car guys aren’t bored at all. If you want more power, there are plenty of forced induction options or even v8 swap kits. It’s a lot easier to give a light weight car power than to make a big ...
by Drew777
Fri Dec 22, 2017 7:57 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2692
Views: 519572

Re: What's Your Credit Card Rewards Strategy?

My wife and I have a trip to Australia coming up in a few months. Flying business class both ways and staying in 5 star hotels every night. Paid for all of it with points. 160k AA miles 195k Korean miles 72k Hyatt points 135k Hilton points 1 IHG free night certificate Taxes on the flights were mini...
by Drew777
Fri Dec 22, 2017 7:49 am
Forum: Personal Finance (Not Investing)
Topic: Can I afford it: Dodge Challenger
Replies: 122
Views: 7410

Re: Can I afford it: Dodge Challenger

You might want to start another thread asking for more cost effective alternatives. I am not a "car guy" but when there have been threads like that before people mentioned cars like like a Miata as being fun to drive and you could buy a new one with a full warranty for a fraction of the cost of the...
by Drew777
Wed Dec 20, 2017 9:18 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2692
Views: 519572

Re: What's Your Credit Card Rewards Strategy?

My wife and I have a trip to Australia coming up in a few months. Flying business class both ways and staying in 5 star hotels every night. Paid for all of it with points. 160k AA miles 195k Korean miles 72k Hyatt points 135k Hilton points 1 IHG free night certificate Taxes on the flights were minim...
by Drew777
Wed Dec 20, 2017 8:44 am
Forum: Personal Finance (Not Investing)
Topic: Can I afford it: Dodge Challenger
Replies: 122
Views: 7410

Re: Can I afford it: Dodge Challenger

You might want to start another thread asking for more cost effective alternatives. I am not a "car guy" but when there have been threads like that before people mentioned cars like like a Miata as being fun to drive and you could buy a new one with a full warranty for a fraction of the cost of the...
by Drew777
Tue Dec 19, 2017 2:33 pm
Forum: Personal Finance (Not Investing)
Topic: Can I afford it: Dodge Challenger
Replies: 122
Views: 7410

Re: Can I afford it: Dodge Challenger

You might want to start another thread asking for more cost effective alternatives. I am not a "car guy" but when there have been threads like that before people mentioned cars like like a Miata as being fun to drive and you could buy a new one with a full warranty for a fraction of the cost of the...
by Drew777
Tue Dec 19, 2017 2:30 pm
Forum: Personal Finance (Not Investing)
Topic: Can I afford it: Dodge Challenger
Replies: 122
Views: 7410

Re: Can I afford it: Dodge Challenger

If you're a car guy why not learn to flip them? That way you can drive them for a while, make a profit, and switch it up every 6 months or so.
by Drew777
Tue Dec 19, 2017 2:19 pm
Forum: Personal Consumer Issues
Topic: "Breaking the seal" on more expensive travel
Replies: 38
Views: 4632

Re: "Breaking the seal" on more expensive travel

Thanks to travel hacking I fly business class, stay in 5 star hotels for free, and am starting to accumulate more points/miles than I have time to use. Maybe I will have to start flying first class before long.
by Drew777
Fri Nov 03, 2017 8:05 am
Forum: Personal Consumer Issues
Topic: Help me understand the Used Car Dealership perspective
Replies: 29
Views: 3899

Re: Help me understand the Used Car Dealership perspective

I've identified the next used car I'd like to purchase, Outback 2015-2016, Premium trim with Eyesight under 45k miles. These cars seem to come up every couple weeks at dealerships within a 200 mile radius. Timeframe for purchase is next 1-3 months. There local ones at Subaru dealerships seem to go ...
by Drew777
Mon Oct 23, 2017 11:40 am
Forum: Personal Consumer Issues
Topic: what is your weekly workout routine?
Replies: 68
Views: 5605

Re: what is your weekly workout routine?

Lifting 4 days a week:
Day 1: Legs
Day 2: Chest/Triceps
Day 3: Back/Biceps
Day 4: Shoulders/Traps

I also do 40 minutes cardio of 5 days a week.
by Drew777
Fri Oct 20, 2017 7:47 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2692
Views: 519572

Re: What's Your Credit Card Rewards Strategy?

Thanks for all the helpful responses to my prior question. I have another one: thinking of getting Delta platinum card which comes with 10k qualifying miles to help me make the next Skymiles level. Delta says that miles are credited 6-8 weeks after minimum spend. If I want the MQMs to be counted as...
by Drew777
Mon Jul 31, 2017 8:03 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2692
Views: 519572

Re: What's Your Credit Card Rewards Strategy?

Personally I value UR around 2.2 cpp. I typically transfer to Hyatt or Flying Blue and am usually able to redeem around that value. Sometimes more, sometimes less, but that's been about the average for me. I have transferred to Southwest once or twice just to top off the amount needed for a flight, ...
by Drew777
Fri Jul 21, 2017 1:09 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2692
Views: 519572

Re: What's Your Credit Card Rewards Strategy?

Thanks! Thats freaking genius lol Is there anything else we can buy like that to max out rewards? I recalled long time ago people would max out by buying ibonds but now they charge a fee to purchase via credit card so thats over... just wondering if there was any other ways to get more rewards ? :s...
by Drew777
Mon Jul 17, 2017 11:01 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2692
Views: 519572

Re: What's Your Credit Card Rewards Strategy?

For an all around cashback card you're better off with the Alliant Visa Signature card than a 2% cashback card if you spend more than $11,800 a year. It's 3% cashback on all purchases the first year and 2.5% after that. There is a $59 annual fee, but it's waived the first year. +1 very under-rated ...
by Drew777
Fri Jul 14, 2017 11:46 am
Forum: Personal Consumer Issues
Topic: Recommendations...Italy
Replies: 29
Views: 2365

Re: Recommendations...Italy

If tours are your thing that's fine, but I would much rather do it on my own. I prefer having the freedom to what I want when I want and not be stuck to just hitting up all of the typical tourist attractions. My sister's family did just do a tour of Europe with a few stops in Italy, and they did enj...
by Drew777
Fri Jul 14, 2017 8:30 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2692
Views: 519572

Re: What's Your Credit Card Rewards Strategy?

For an all around cashback card you're better off with the Alliant Visa Signature card than a 2% cashback card if you spend more than $11,800 a year. It's 3% cashback on all purchases the first year and 2.5% after that. There is a $59 annual fee, but it's waived the first year.
by Drew777
Thu Jul 13, 2017 12:19 pm
Forum: Personal Finance (Not Investing)
Topic: Want job helping others in Finance, any ideas?
Replies: 14
Views: 2397

Re: Want job helping others in Finance, any ideas?

You could just start doing and not worry so much about making it a career right off the bat. Give away free financial advice via social media. If you're good enough the money will come later once you've built a significant following. If you're willing to put in the time (years) and effort daily you ...
by Drew777
Mon Jul 10, 2017 11:50 am
Forum: Investing - Help with Personal Investments
Topic: Investing/Economics Book Recommendations
Replies: 7
Views: 830

Re: Investing/Economics Book Recommendations

In relation to the rise of automated investing I would recommend Flash Boys by Michael Lewis.

As far as economics I would recommend:

Road to Serfdom by Friedrich Hayek
Capitalism and Freedom by Milton Friedman
Freakonomics by Steven Levitt and Stephen Dubner
by Drew777
Mon Jul 03, 2017 8:30 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2692
Views: 519572

Re: What's Your Credit Card Rewards Strategy?

It depends on whether or not the offer has the 24 month language restricting you to one bonus per 24 months on any personal AA card. If not, then she can receive both offers. You'll have to read the fine print. None of the 65k offers have the 24 month language, or so I've read. Also beware d0gerz y...
by Drew777
Thu Jun 29, 2017 12:27 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2692
Views: 519572

Re: What's Your Credit Card Rewards Strategy?

While you're worried about getting shutdown there are people out there who have already earned 7 figures of points this month alone. Sure, you can be shutdown doing relatively low volume, but no risk no reward. Lots of people are able to push it to the extreme, maybe get shutdown here and there, but...
by Drew777
Thu Jun 29, 2017 12:24 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2692
Views: 519572

Re: What's Your Credit Card Rewards Strategy?

Vinh at Miles Per Day writes this week about being shutdown completely or nearly completely by Capital One bank...accounts and cards it seems. Shutdowns are a frequent theme on his blog and I believe Cap One is not his first trip to being shutdown by a major bank. At what point should one be concer...
by Drew777
Thu Jun 29, 2017 12:21 pm
Forum: Personal Consumer Issues
Topic: Luxury Car
Replies: 109
Views: 13059

Re: Luxury Car

I recently went to Speed Vegas and drove an Audi R8 around the track. Got up to 119 on the half mile straightaway. Navigating the turns at high speeds even more fun. It was probably the most fun I've ever had in my life. I only wish I had paid for an even faster car. If I could afford it I wouldn't...
by Drew777
Thu Jun 29, 2017 8:43 am
Forum: Personal Consumer Issues
Topic: Luxury Car
Replies: 109
Views: 13059

Re: Luxury Car

I recently went to Speed Vegas and drove an Audi R8 around the track. Got up to 119 on the half mile straightaway. Navigating the turns at high speeds even more fun. It was probably the most fun I've ever had in my life. I only wish I had paid for an even faster car. If I could afford it I wouldn't ...
by Drew777
Mon Jun 26, 2017 11:19 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2692
Views: 519572

Re: What's Your Credit Card Rewards Strategy?

A week or so ago my wife received a mailer from Citi/AA for the AAdvantage Platinum Select Mastercard offer for 65,000 miles after $4k in spending within the first 4 months. Today she received another mailer from Citi. The offer is identical to the previous one but they have different invitation nu...
by Drew777
Mon Jun 26, 2017 9:17 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2692
Views: 519572

Re: What's Your Credit Card Rewards Strategy?

A week or so ago my wife received a mailer from Citi/AA for the AAdvantage Platinum Select Mastercard offer for 65,000 miles after $4k in spending within the first 4 months. Today she received another mailer from Citi. The offer is identical to the previous one but they have different invitation nu...
by Drew777
Mon Jun 26, 2017 9:14 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2692
Views: 519572

Re: What's Your Credit Card Rewards Strategy?

At a certain point worrying over redemptions values and how many cents per point you're getting is meaningless. I'm easily earning miles faster than I can spend them. Whenever I want to book an international flight I always have plenty of miles in various programs, so I just go ahead and book busin...
by Drew777
Mon Jun 26, 2017 9:09 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2692
Views: 519572

Re: What's Your Credit Card Rewards Strategy?

Do you still have to give them code BAABZX or did they just allow you to apply? I have heard mixed data points. I have even heard one person who called and was told Bank of America doesn't offer the card anymore, which is completely incorrect. I did not have to give the code to the agent. I just sa...
by Drew777
Fri Jun 23, 2017 2:01 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2692
Views: 519572

Re: What's Your Credit Card Rewards Strategy?

There's not much literature on the subject, unfortunately. Doctor of Credit has written about it, though. This is one of the best cards available though you have to call these days to get it. Much better redemptions available than $500 credit: you can get two $500 plane tickets. Yes you can churn i...
by Drew777
Fri Jun 23, 2017 2:00 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2692
Views: 519572

Re: What's Your Credit Card Rewards Strategy?

It's a miles and points high quality problem to have. Do I spend my 60,000 URs for this redemption or just pay the cash price and hoard the points for a better redemption? It's a lot harder when it is MRs or URs since they are so flexible. With hotel points or carrier-specific points, it's easy sin...
by Drew777
Fri Jun 23, 2017 11:24 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2692
Views: 519572

Re: What's Your Credit Card Rewards Strategy?

Treating your mileage balances as a savings account is a bad idea. In general you should expect airlines to devalue their award chart almost yearly. Maybe not every airline will devalue every year, but you never know when the next one is coming, and it's often a huge devaluation. The optimal strate...
by Drew777
Fri Jun 23, 2017 11:18 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2692
Views: 519572

Re: What's Your Credit Card Rewards Strategy?

At a certain point worrying over redemptions values and how many cents per point you're getting is meaningless. I'm easily earning miles faster than I can spend them. Whenever I want to book an international flight I always have plenty of miles in various programs, so I just go ahead and book busine...
by Drew777
Fri Jun 23, 2017 11:12 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2692
Views: 519572

Re: What's Your Credit Card Rewards Strategy?

I am finding that often purchasing tickets through their online portal with points is a great deal (1.5 UR pts/S with no restrictions or added surcharges) compared with buying tickets with airline miles. I have found the same, but this is not true for all flights. In many cases, Chase travel seems ...
by Drew777
Fri Jun 23, 2017 11:04 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2692
Views: 519572

Re: What's Your Credit Card Rewards Strategy?

I am finding that often purchasing tickets through their online portal with points is a great deal (1.5 UR pts/S with no restrictions or added surcharges) compared with buying tickets with airline miles. I have found the same, but this is not true for all flights. In many cases, Chase travel seems ...
by Drew777
Wed Jun 07, 2017 7:46 am
Forum: Personal Finance (Not Investing)
Topic: What do you guys do on the side?
Replies: 165
Views: 27320

Re: What do you guys do on the side?

I sell discounted gift cards in bulk on the side. I've made about $19k after expenses (building a website, loss on bad cards, etc.) and have sold about $1.2 million in the last 6 months. It's not something that's easy to start up though. Is there a site? or Ebay/something else? There are, but that'...
by Drew777
Tue Jun 06, 2017 2:04 pm
Forum: Personal Finance (Not Investing)
Topic: What do you guys do on the side?
Replies: 165
Views: 27320

Re: What do you guys do on the side?

I sell discounted gift cards in bulk on the side. I've made about $19k after expenses (building a website, loss on bad cards, etc.) and have sold about $1.2 million in the last 6 months. It's not something that's easy to start up though. Is there a site? or Ebay/something else? There are, but that'...
by Drew777
Fri Jun 02, 2017 10:38 am
Forum: Personal Finance (Not Investing)
Topic: What do you guys do on the side?
Replies: 165
Views: 27320

Re: What do you guys do on the side?

I sell discounted gift cards in bulk on the side. I've made about $19k after expenses (building a website, loss on bad cards, etc.) and have sold about $1.2 million in the last 6 months. It's not something that's easy to start up though.
by Drew777
Thu May 25, 2017 9:53 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2692
Views: 519572

Re: What's Your Credit Card Rewards Strategy?

I churn em and burn em. I have no loyalty to any credit card company. I've racked up over 3k in rewards so far this year and it's financing my trip to Europe this summer. I think i've been blacklisted for new cards but it was worth it. I doubt you've been blacklisted, you may just need to cool off ...
by Drew777
Tue May 16, 2017 8:57 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2692
Views: 519572

Re: What's Your Credit Card Rewards Strategy?

Hello Bogleheads, I have about 200,000 points accrued on Chase Sapphire Reserve and 150,000 accrued on American Express Platinum. I know of sites such as thepointsguy.com and read the articles about how he takes lavish vacations using points. Is there a website you guys would direct me to for absol...
by Drew777
Sun May 07, 2017 6:06 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2692
Views: 519572

Re: What's Your Credit Card Rewards Strategy?

Hello Bogleheads, I have about 200,000 points accrued on Chase Sapphire Reserve and 150,000 accrued on American Express Platinum. I know of sites such as thepointsguy.com and read the articles about how he takes lavish vacations using points. Is there a website you guys would direct me to for absol...