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RBS 131: Rewards Stacking: How I Build Wealth with Credit Card Rewards

RBS 131: Rewards Stacking: How I Build Wealth with Credit Card Rewards

FromThe Rob Berger Show


RBS 131: Rewards Stacking: How I Build Wealth with Credit Card Rewards

FromThe Rob Berger Show

ratings:
Length:
19 minutes
Released:
Apr 26, 2024
Format:
Podcast episode

Description

Several years ago, I stumbled upon a quote from Dave Ramsey about credit card rewards. I’ll never forget those 11 words. :“No one ever says they got rich off of credit card points.”As I read his words, I knew immediately that he was wrong. One could build wealth through credit card rewards. In this sense, credit card rewards aren’t special. Saving and investing small amounts of money from any source over time will turn into piles of cash. We just need to allow compounding to work its magic.It was then that the idea of Rewards Stacking was born. Over the past four years, we’ve saved and invested all our credit card rewards. Our balance now stands at $37,834.55.While that doesn’t make us rich (yet), it’s an impressive sum, particularly when you consider that it required no sacrifice on our part. It wasn’t about cutting back or working harder—just saving and investing the free money credit card issuers send us every month.In this video, I’ll share exactly how we did it and, more importantly, how you can do it, too.Rewards Stacking: https://www.allcards.com/rewards-stac...Robinhood Gold Card (Referral Link): https://robinhood.com/creditcard/?ref...Join the Newsletter. It's Free:https://robberger.com/newsletter/?utm...
Released:
Apr 26, 2024
Format:
Podcast episode

Titles in the series (100)

Personal finance for smart people by the host of the Dough Roller Money Podcast. Rather than forcing you into a one-size-fits-all financial plan, we discuss the tools, resources, and strategies that will empower you to make the best money decisions for you and your family.