Kosher Money Podcast about how to get the most out of your CC's

[Euclid]

@Dan @jj1000
Curious do they pay you, or reimburse for expenses?

I can't imagine why you'd do it for free - they're making a mint of these shows...

[dm123]

Honestly I've stopped listening to them because they're way too basic.

Me too.
Although every once in a blue moon I'll go back as I like to refresh basics/make sure I'm up to date/hear it from other perspectives.

[Abebee]

they're making a mint of these shows...

Really? Based off what?

[CountValentine]

Any requests of what to cover?

Maxing out CC's at 0% interest and using the funds to get 4.5-5% interest.

[Euclid]

Really? Based off what?

Very reliable sources.

Also check out their advertising rates

[Euclid]

Maxing out CC's at 0% interest and using the funds to get 4.5-5% interest.

Your comments on the other thread opened my eyes to this. Thanks

[Yakov15]

Maxing out CC's at 0% interest and using the funds to get 4.5-5% interest.

-1 I believe the average guy will lose out a lot more than the 5% interest by taking this route.

[CountValentine]

-1 I believe the average guy will lose out a lot more than the 5% interest by taking this route.

It is not for everyone, but it is very profitable. If you are follower of DR this is 100% not for you.

[Yakov15]

It is not for everyone, but it is very profitable. If you are follower of DR this is 100% not for you.

I completely agree. But for Dan to mention it on the podcast would probably cause more harm than good, no?

[Yehuda57]

Seriously though. Try to get as advanced as possible, don't stick to basics.

As advanced as this?

https://www.instagram.com/reel/CqExJH5Ob9-/?igshid=MGU3ZTQzNzY=

[jj1000]

1)
They've talked about the dangers of credit cards, but reemphasizing it. This is something I messaged someone yesterday:

Me:
If you are going to get a credit card, you need to treat it like cash. Only spend money you have cash to pay for. Even if you have 0% APR, don't let a month go by when you don't pay in full.
Relative:
So what’s wrong if you don’t pay with no APR?
Me:
The mistake people make is that they think it is a math question. It is partly about numbers, but mostly about your brain. You have 0 APR, so you figure it doesn't hurt not to pay - you pay the minimum payments, so your credit doesn't get ruined either. And it can work for a month, two months, even years. But then one day something happens and you can't even make the minimum payment, and now you get slapped with 18% APR. Then you miss another payment, and it rises to 24%, etc. Before you know it you are thousands and thousands of dollars in the hole when you thought you had it under control

2)
Buying groups, farms and whatever the "Get rich points quick" scheme of the day is.
Even if it is a close friend with the best intentions, when things go wrong, as we're seeing now again on a global financial level, things go horribly wrong. And it won't matter if the person didn't mean to scam you, as long as you're the last person holding the bag, you end up with the bag.

3)
In terms of "getting the most out of your CC - points" - that is extremely subjective. Don't get pressured into thinking you need to spend your miles on an overwater villa in the Maldives. For you, buying your entire family tickets to Los Angeles on Spirit using your UR points may be the most effective usage of points, even if it will make DDFers cringe. Value is personal.

Def touched on 1 & 2. 3 didn't come up.

Honestly though we didn't get to scrape the Surface of anything much. Doubt ddf'ers would learn anything new.

I we covered maybe 20 topics and each of those could easily have their own 2 hour podcast.

[CountValentine]

I completely agree. But for Dan to mention it on the podcast would probably cause more harm than good, no?

Is there a difference to charging 6, 10 or 15k for SUB and doing the same but collecting the interest on that money sitting in a savings account? Right now, I might have more Ink cards (family) than @Dan. 
It is only 6k per card, but it is sitting in an interest-bearing account instead being PIF each month.

[YitzyS]

Def touched on 1 & 2. 3 didn't come up.

Honestly though we didn't get to scrape the Surface of anything much. Doubt ddf'ers would learn anything new.

I we covered maybe 20 topics and each of those could easily have their own 2 hour podcast.

When is it scheduled to air?

[Yehuda57]

Def touched on 1 & 2. 3 didn't come up.

Honestly though we didn't get to scrape the Surface of anything much. Doubt ddf'ers would learn anything new.

I we covered maybe 20 topics and each of those could easily have their own 2 hour podcast.

I wonder if they're was a way to get you guys to discuss these things for longer on a podcast. Hmmmmm.

[Onefishtwofish]

I wonder if they're was a way to get you guys to discuss these things for longer on a podcast. Hmmmmm.

Dansdeals should start a podcast!

[jj1000]

I wonder if they're was a way to get you guys to discuss these things for longer on a podcast. Hmmmmm.

Dansdeals should start a podcast!

Anyone know what equipment is needed to do that between 2 people long distance? Any link to someone who does it well?

[yuneeq]

Anyone know what equipment is needed to do that between 2 people long distance? Any link to someone who does it well?

Equipment wise I’m guessing 2 good mics and some good software. And someone to edit it nicely, it takes work.

[yuneeq]

https://youtu.be/HlH7xcHpMig

[jj1000]

When is it scheduled to air?

First have to see if audio and visual were good to use.

In theory before Pesach. Good chol hamoed road trip content imyh

[aygart]

Is there a difference to charging 6, 10 or 15k for SUB and doing the same but collecting the interest on that money sitting in a savings account? Right now, I might have more Ink cards (family) than @Dan. 
It is only 6k per card, but it is sitting in an interest-bearing account instead being PIF each month.

Yes because the SUB spend doesn't sit