tag:blogger.com,1999:blog-6406250502334361055.post8880130053918810136..comments2023-10-22T05:30:40.231-05:00Comments on Money and Sense: How to profit off your credit cardFinance Guyhttp://www.blogger.com/profile/17383060126272001336noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-6406250502334361055.post-66433352522961614522009-07-16T12:34:12.648-05:002009-07-16T12:34:12.648-05:00Anonymous is totally right. You may want to read ...Anonymous is totally right. You may want to read "The Millionaire Next Door" and look at the spending habits of actual millionaires.AShttps://www.blogger.com/profile/18144485005669218292noreply@blogger.comtag:blogger.com,1999:blog-6406250502334361055.post-61687134479234324522008-08-12T16:07:00.000-05:002008-08-12T16:07:00.000-05:00Are you even remotely serious about hitting a mill...Are you even remotely serious about hitting a million in liquid assets? If you are, you should strongly consider not spending thousands of dollars on frivolous discretionary items and instead focus on growing your portfolio. It's fine if you're just daydreaming, but you should be honest with yourself.<BR/><BR/>How about instead of buying the TV and moving to swankier digs, you take a $5k cash advance (or use a balance transfer check) on that new credit card and put <I><B>that</B></I> in a high interest CD. Now you've earned some "free" money.<BR/><BR/>Even better, you get to keep your non-squandered $5k in your brokerage account and put it to good use. Better yet, you could beef up that IRA for your retirement, a period of your life for which you have largely neglected to prepare.<BR/><BR/>But hey, millionaires drive fancy cars and watch the market on big TVs in lavish homes, so after this purchase your almost there. Better get packing!Anonymousnoreply@blogger.com