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Life beyond Credit Card
Manage episode 324650433 series 3325274
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We’re quite busy almost every day tracking 2x/5x/10x rewards and offers, so much so that we don’t have time to view the big picture of life.
While credit cards do give a very good return on spend, I often feel that the time spent by most on this game is too MUCH, for too LITTLE. This holds true for most unless you’re running on high 7 digits annual spending.
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Value of Time
- Hence, it’s crucial for one to focus on other aspects of life that give a better return on “time” spent and not just blindly chase rewards day and night.
- I recently did a rough calculation on the “total rewards” earned/saved on spending in the last 10 years and compared it with the “net return on investment” in stocks.
- I wasn’t surprised to see that my inv. in the last ~2Yrs has given me a decent 7 figure return and is almost the same as the rewards that I earned in the last 10 years!
- This means, I roughly spent 5x more time to get the same value and maybe another 5x more time looking at the complicated reward redemption system to extract a little more value.
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