I am a retired social worker who loves to travel. Two thirds of the IRA that I funded at $600/month while working was wiped out by Wall Street back in 2000 something. I now live on Social Security, a small pension and the annuitization of what was left of my IRA. Fifteen percent (15%) of my modest monthly income goes for health care. I am better off than many of my fellow sliders on the slippery end of the well-under-$50K slope because I spend every dollar twice.
I love to travel and I have several tips on how to live a champagne lifestyle on a soda-pop budget. These tips require some steady income, maturity, intelligence, discipline and vigilance, but these are traits we all need to develop.
Sunday, November 6, 2011
The Kitchen Sink: A RICH FINANCIAL DIET, Part II
How did you do with Part I? Those suggestions really take more thought than time, once you get to know your spending needs and put a rhythm to your finances. Now we move to my favorite part - gaming banks and airlines. Spend Every Dollar Twice.
I repeat: 19. Take advantage of credit card offers, sign-up rewards, and benefits.
This is actually the secret that turns my soda-pop into champagne. But it takes good impulse control, planning and vigilance. As you know, the credit card industry counts on you to overuse the convenience of deferred payment that they offer in hopes that you will carry debt that earns them exorbitant interest and makes them lots of money. If you fall prey to their ploy, you can pay way more than double what your purchases cost over time. I get a kick out of exploiting the banks' and airlines' eagerness to have my business. And they thank me for it.
I repeat: 19. Take advantage of credit card offers, sign-up rewards, and benefits.
This is actually the secret that turns my soda-pop into champagne. But it takes good impulse control, planning and vigilance. As you know, the credit card industry counts on you to overuse the convenience of deferred payment that they offer in hopes that you will carry debt that earns them exorbitant interest and makes them lots of money. If you fall prey to their ploy, you can pay way more than double what your purchases cost over time. I get a kick out of exploiting the banks' and airlines' eagerness to have my business. And they thank me for it.
Wordage: FREELY BORN WORDS
Contributions Welcomed and Credited
Unless otherwise attributed Freely Born Words are created by Abby Freeborn and licensed under a Creative Commons Attribution-ShareAlike 3.0 Unported License. If you have a different source for any of the words listed above, please comment so proper acknowledgement can be made.
Ignoromnibus (ig`nor`omni`bus) - (n) a person who knows nothing about everything and doesn’t know it (e.g., “That new freshman loves to show off, but he’s a real ignoromnibus.”)
Ignorrant (ig`nor`rant) - (n) a monologue that continues despite demonstrations of boredom by the audience (e.g., “Today I had to listen to a twenty minute ignorant about the President being a foreigner.”)
Ignorrant (ig`nor`rant - (adj.) 1. an argument that overlooks a preponderance of available evidence (e.g., “Politicians often make ignorrant assertions.”); 2. someone who is willfully inattentive (e.g., “She heard you; she’s just being ignorrant.”)
Unless otherwise attributed Freely Born Words are created by Abby Freeborn and licensed under a Creative Commons Attribution-ShareAlike 3.0 Unported License. If you have a different source for any of the words listed above, please comment so proper acknowledgement can be made.Ignoromnibus (ig`nor`omni`bus) - (n) a person who knows nothing about everything and doesn’t know it (e.g., “That new freshman loves to show off, but he’s a real ignoromnibus.”)
Ignorrant (ig`nor`rant) - (n) a monologue that continues despite demonstrations of boredom by the audience (e.g., “Today I had to listen to a twenty minute ignorant about the President being a foreigner.”)
Ignorrant (ig`nor`rant - (adj.) 1. an argument that overlooks a preponderance of available evidence (e.g., “Politicians often make ignorrant assertions.”); 2. someone who is willfully inattentive (e.g., “She heard you; she’s just being ignorrant.”)
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