Passive Income Life Hacks Plus Updates

How to save your money on car insurance and Get a Free Stock While You're At It:

  1. Purchase BRK/B with Robinhood using my link, and win a free stock. 
  2. After signing up, purchase Berkshire Hathaway B (BRK/B)
  3. Then create an account with Geico if you don't have one already.
  4. Finally, call customer service and ask them if they would add the partner discount as a shareholder of BRK/B

After following all these steps, they will then subtract 20% off your premiums. To be extra careful, be sure to call them after 3 settlement days have passed to ensure that you are listed as a shareholder.  Geico offers numerous different discounts such as good drivers discounts, multi-lines, and more. They reward you the longer you stay with them as a company.

Following these steps allows you to win a free stock, get 20% off your car insurance, and own a share of BRK/B which will only appreciate the longer time passes. Berkshire Hathaway is an investment conglomerate owned by the legendary Warren Buffet. Geico is a private subsidiary of Berkshire Hathaway.

If you would rather wait before purchasing BRK/B at its current price, you can still receive 15% off premiums if you are a member of any participating Fraternity or Sorority. View here to see if you may qualify.

How to get Residual Income from 6 Different Sources Free 
Data coup - Datacoup essentially pays you for your data. You link up your social media accounts and credit card of your choice; and they pay you each month for it. I've already received $5 directly to my bank account using them
Survey Savvy - I've started with them early this year, and have already started accumulating $5 each month. I've cashed out already, and invested all of the proceeds into my Robinhood portfolio. Check it out here.
Harris Poll - I only use Amazon Shoptracker for passive monthly income only. They track all of your Amazon purchases and pay you for that data using your computer. I've cashed out already to purchase something on Amazon. Check it out here.
Slidejoy- I've been using Slidejoy for the past 2 years and they have been a stable source of easy money. They accrue points each time you swipe right on your lock screen. My smartphone is fast enough that I can use Slidejoy and another front screen service simultaneously. I've cashed out multiple times already straight to my paypal account.
Whaff Locker - This is one of the slower point aggregate front screen apps but the cool thing about them is that they allow you to redeem points for Bitcoin or Ethereum. Use promo IU93986 - This one is a semi-passive income source that pays you in bitcoins for opening emails and signing up for paying partners. They send you an email whenever a partner offers to pay you for signing up to their service, website, or Telegram group. I've already cashed out more than $30 worth of bitcoins as a result of this.
EmbeePay - This is one of my favorite data tracking apps out there. They have been in business for many years, and are stable. They essentially idly track your data and reward you points passively for keeping it idly in the background. They won't be able to track you if you use incognito mode or with VPNs. They allow you to redeem your rewards in gift cards.

I understand that many people are scared of signing up to websites that explicitly trade data for money. Rest assured, I would not promote something if I haven't tested it. There is always a security risk when signing up to these data payor websites. However, all of these companies have been proven year in and year out for paying you on time and ethically. If you need more assurance for data keepsake: sign up for free $1 Million identity theft insurance with Civic. I've personally delayed signing up to some of these sites for the pure fact that it required giving my data to 3rd parties. That is a cost benefit analysis you must make. Lots of people have signed up with no current losses. Take data very seriously and only sign up after meditating on it. For me, I signed up knowing the short term benefits it would give me and what the future value of such investments would be.

How to Save Your Money on Gym Memberships
Easy- cancel your gym membership and do calisthenics. Build up your own home gym if squat bars are so important to you. Monthly cash outflow is essentially lost profits without anything to show for it besides immaterial strength or fitness gains. By building your own gym each month with money saved, you save more money and build material assets. It also saves you a lot of time from commuting. Better yet, the residual income streams listed above, purchases or subsidizes your gym tools. I've personally paid thousands of dollars over the course of 5 years for leasing gym equipment that I didn't have at home. However, this is entrapment. Some gym memberships require lengthy yearly commitments, whereas most of the good gyms that have high ethics provide month-to-month contracts with pro-rated opt-outs. Nevertheless, buying a gym membership due to the equipment is a trap. After one gets good with exercise it gets very difficult to unplug from the system. You start feeling like you need the squat bar to get strength gains, or that you need the social atmosphere of a gym to get motivated. Fitness is personal. You're the only one in charge of fitness. If strength gains and top-notch physique is more important than financial autonomy, then by all means, sign up. However, if financial gains are more important, you will have to make trade offs. You can look just as good doing cardio and calisthenics at home, or with make-shift weights.

It is purely economic. I had to detach from this mindset, but it took a long time. There is a trade off of exercise and finance. Put plainly, exercise is free. There are push ups, sit ups and variation of pistol squats to get the same aesthetic gains you would at the gym. However, strength gains are traded off in exchange for financial solvency. So there is always an economical price to pay. By waiving this monthly debt from your shoulders, you can start accumulating exercise equipment for low cost. You can use Ebates, mentioned below, to get cash back off all purchases, and you can also subsidize costs with your passive income streams (listed above). For me, I jumped off the deep end and learned how to perform variate exercises with my own body, and a 50lb kettlebell I purchased for a steal on Amazon.

I understand that sometimes space is an issue and that not everyone can afford space to buy and hold gym equipment at home. There is always a cost-benefit analysis to this. If you absolutely require a squat bar for your gains, then purchase a gym membership that can be canceled at any time with 0 penalties. Understand that it is at least $50 per month that can be utilized elsewhere, and which adds to your current liabilities. If it takes you 5 hours to receive $50, you are trading off 5 hours of your time and $50 simultaneously. If it is a low percentage of your income, that can be regenerated quickly, then it should be a non-issue.

The best part about creating a home gym or living a minimalist fitness lifestyle is that there are 0 commute costs. You go straight from your kitchen to your living room and you can workout while watching TV or any personal development video on YouTube. You streamline all income producing activities while getting healthy simultaneously.
Side note: Always practice strict form. It is better doing 10 quality strict push ups to failure then 20 lazy ones.

Always buy online, and always get the best prices
  • Use Ebates for google chrome and/or Top Cash Back to get cash back for stuff you already plan on buying
  • Amazon sometimes has better prices than Ebates or TCB. They streamline shopping for you with their quick free shipping
  • Buy used clothes or goods at Thrift stores to get bargain deals on everything. If you can save $20 off something you already needed to buy, you have profited. Invest the rest immediately to take advantage of your bottom line.
  • Subsidize all emergency purchases with residual free sources. Harris Poll and Embee Pay allow you to redeem rewards with Amazon gift cards. They are both stable sources of passive income for me. I did the exact thing with Harris Poll the other week.

Use Financial Management Apps and Get Rewarded for it
Use Trim or Empower App to manage your finances. Get $3 for signing up. Both apps allow you to negotiate bills. They do it on your behalf so you don't have to worry about wasting time on the phone. However, with negotiating, doing this in person is potentially easier to finalize. Always get quotes from rival companies and most insurance agencies will lower their quotes to keep you as a retainer. I have personally done this for renters insurance. The best part about Empower is that they started allowing API access with Coinbase. Now you can track all of your investments, savings accounts, and now Crypto all in one app.

Use Bing Rewards for All of Your Search Needs
Sign up for Microsoft Rewards and accumulate points in exchange for Paypal money directly into your bank account. Then make Bing your default search engine for the following browsers: Microsoft Edge, Google Chrome, and Mozilla Firefox. Streamline all of your inquisitive needs using Bing and profit. I've already accumulated $30 worth of Paypal transfers--Totally passive.

Not Quite Sold on Credit Cards? Me Too
However, they are lifesavers for emergency purchases especially when your bank account can't cover any unexpected fees. For example, last year I had to purchase unexpected surgery for my dog and other health costs that my bank account couldn't fulfill with cash. I had to make a logical decision at clutch hours of the night, and decided to fulfill that order with a credit card. Although my dog ended up not needing the surgery (get a good Veterinarian folks), I was able to fulfill a purchase on a line of credit. Most people, including I, cannot balance the usage of credit cards and defer payments for a long time until it is too late. I had to learn this lesson the hard way multiple times in my life. I finally learned to leverage credit cards only for emergency situations, and for very low volume transactions that are paid immediately afterwards.

If you want, open a credit card with 0 interest for at least 15 months and a low variable APR afterwards. I find that credit cards are much harder to manage when you have multiple recurring expenses. When you have fatigue after long hours at work, and have to manage multiple expense outflows, your brain can rationalize even the most trivial seeming credit purchases. Those add up over time and before you know it, you have a bunch of credit to demolish in payments on top of your expense outflows.

  • Lower your outflows first.
  • Start building emergency cash by paying yourself first after your paycheck - meaning you save 20% of your paycheck into high yield savings and investment accounts. 
  • And streamline your outflows with bank transfers or debit cards only. 

Sometimes, you place recurring transactions on credit for the rewards that accumulate. This entraps you because it leads to last minute impulse buys with the same credit card by rationalizing it with "I'll pay it off with my next paycheck." To combat this, open a credit union for debit cards with equal or higher rewards bonuses such as Kasasa checking or Community America Credit Union. View my blog post on Best Savings Accounts for Crypto for links to those accounts.

Hustle Muscle:

After paying yourself first, do not touch the principle. You do not want to withdraw any of the amount socked away in savings or investment accounts PERIOD. I had a bad habit of doing this, and it was only because I placed recurring expenses on my credit card, and made impulse buys with the same credit card. Paying yourself first means deducting at least 10% of your paycheck and socking them away in savings or investment accounts. I always transfer at least $10 into my high yield savings, and 20% into my brokerage account. Sometimes I double dip and invest 40% into Crypto as well. I made my overhead much lower at the start of 2018, so I can do this. Obviously exceptions do apply for taking out money from a Roth or savings account. After all, they are there for you to use in case of emergencies.

Build your grit to a point where the 20% self-tax is already a sunk cost, and your spending money is the remaining balance after the immediate tax. You literally want to make the first transaction after every paycheck a transfer to your savings or brokerage account. Never make an expense the first transaction. I made it into a game where I always look forward to manually transferring each deposit. I always think of the remaining balance on my checking account as spending money for expenses. For me, recurring transactions are not as fun as manually calculating 20% off the paycheck and directly transferring the funds into my Robinhood account.

Build your grit. Do not be so spazzy with how your investments are doing every 5 minutes. Be content and disciplined with your strategy of either buying and holding long term or trading and selling after a certain point. Do not bypass your strategy at any point, unless you have a lot of data to rationalize the change.

Do not go above and beyond your strategy. Doing so puts you in a position of either paying too much debt too fast, or putting cash into investments that are penalty inducing for early withdrawals. If you say you are going to invest or pay down debt in an amount of $35 every Wednesday, do not go above or below that amount for any reason. Make it an amount that slowly compounds over time, and that won't effect the liquidity of your accounts for any reason. Not planning is the best route to fall into credit card debt or roadblocking the future value of your assets.
  • For example, If you decided to make a huge debt paydown of $200, when the minimum paydown you set was $35, you made an opportunity cost of $165. That otherwise could have been vested into a savings account for an emergency fund, or accrued interest in a brokerage account. If for the next two months, you were unable to pay the minimums, and actually made an emergency or impulse buy of $200, you are actually at a deficit of $70. With a huge debt paydown, you can start rationalizing waiving off next month's debts by saying "I paid a huge debt already, I will be fine."
Make a minimum paydown equivalent to your average purchase amounts. If your average purchase amount per month is $25, you are chipping away debt each month $10 at a time while scaling up your rainy day savings fund.
  • Lets say that you end up purchasing something for $50 and your monthly minimum and paydown balance is $35, it will take you two paydowns for you to be ahead on your balance sheet. Following your strategy to a T gives you breathing room monetarily and mentally.

Volume is better than 1 mega-paydown in my opinion.
  • Lets say you have an interest bearing liability that accrues daily. Paying $20 weekly is much better than paying $80 monthly because you are chipping away at the principle balance much quicker each week than you would monthly.

There are thousands of different ways to chip down debt. There are pros and cons for everything. There is the avalanche method, the snowball method, and etc. It's like the Atkins diet. One diet doesn't fit all mentally or emotionally. One diet that works for others may kill you. It's all relative, like how Bob Atkins died. Did he truly die due to his diet or was it due to blunt force impact? If it worked for him, no one can knock it.

If you have investments in Roths, 401ks or other penalty inducing retirement accounts, do not withdraw at any cost - even if it means skipping a deadline for a utility bill. It is much better to call your utility companies or loan officers if you are unable to meet a deadline. They can either work with you or provide an extension without shutting off service. Your principle is more important than your credit line because of its future value. Don't be scared of short term detriments in the scheme of long term outlooks. If you are worried about your credit score for future real estate opportunities, look at the inverse positive outlook: "Even though it will effect my score short term, I can call the utility company to provide an extension or a late fee, without any service being shut down. And without any major credit score demerits." Don't lose focus on short term shortfalls. Look at the big picture.

Usually, many impulse buys are a function of low sleep, lack of nutrition, and high stress.
When I was in the corporate world, I went hours without any sleep or food, and it caused me to purchase multiple fast food transactions per day. This slowly bottlenecked my income, and also caused me to purchase dumb stuff that made all of my hard work void. My salary at the time was low so spending $100 on a gadget from Amazon equaled to about 4 hours of work. That was an opportunity cost of 4 hours of work or $100 that I could have invested for future gains in the markets. If you are in control of your impulses by meal prepping ahead of time, and also accounting for fast food cravings, you will have a lot more profit to reinvest. For me, variety is the spice of life, so although I did meal prep diligently, I still purchased many things everyday. Whether it was energy drinks or snacks, I bought them because I felt I needed them for energy. Yes, they did provide a boost, but I could have prepared ahead of time by buying a red bull off-brand from Aldis for 4 bucks cheaper (Red Thunder you my boy!). Once you put your body through the ringer, you develop more and more mental hurdles. It brings out the flaws in you that were masked when your body was healthy. Do not get your body to that stage. Not everyone can attain 1% mental hardiness. 

Always buy in bulk.
Think of the long run and take into account prices per unit. If you purchase 4 cans of Red Thunder at $2.49 instead of 1 can of Red Bull at $2.49, you are actually paying $0.62 per can of Red Thunder, which will last you at least 1 day per can. That is a cost savings of $1.86 per day. If you can maximize your unit costs and days without visiting the grocery store, you're winning. This also bleeds into opportunity cost of time. You are saving time and money by increasing your bottom line per day, and freeing up your schedule. Grocery stores, especially Walgreens or Aldis, gives you the best deals on bar soap. In Walgreens, look out for the Buy 1 Get 1 Free deals they sometimes have. I once bought 24 packs of soap for $8.99 which came out to $0.37 per unit. Don't fall for the trap of buying liquid body soap. 12 bars of soap at $5.99 can last you at least up to 2 months. Mark Cuban still does this by the way. I learned this from him. 

Use password aggregator and vaulter such as Bitwarden or Dashlane
to secure and streamline all of your accounts. Use these on top of creating browser bookmarks. This streamlines debt paydowns and cash contributions quicker.

On top of using password aggregators and bookmarking important websites, use cloud service like Google drive to save a template of all current expenses. This keeps you accountable to make sure you are on top of your finances. If you are using Google Docs for monthly expense tracking, press Alt+Shift+5 for Windows PCs to cross off all items after they have been expensed. Always make a duplicate copy for each month. This allows you to keep tabs on all expenses so that you will never forget, or lose a paper copy. We've all been there. Even though you might have a recurring transaction set up, sometimes you may want to make an emergency impulse buy that requires you to track your cash at all times. The best part about Google drive is that you can access it anywhere from your smartphone. 

Make investing and paying-yourself-first into a game. Think of investing like a spending spree. I used to love buying clothes and seeing how they made me feel. I parlayed that feeling into buying stocks or crypto for cheap. Buying these assets at a steal makes me happy and gives me the same endorphin rush that clothes or gadget shopping made me feel.
Passive Income Life Hacks Plus Updates Passive Income Life Hacks Plus Updates Reviewed by Dividend Raptor on 11:35 PM Rating: 5

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