Our Financial Path.

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Category: Credit Cards (page 1 of 2)

Why Travel?

Traveling is amazing.

Whether you are driving across the country in a van or flying across the Atlantic to explore Europe, trips will make you grow, they will show you the cultures of this world, they make you a better person.

According to a study published in the Hostelworld Global Traveler Report, travel-hungry British traveled on average, to 10 countries, Germans have seen 8, and the French traveled through 5 countries on average.
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California Life. Pennies on the Dollar!

We have not posted in a while since we were enjoying the hot summer in California last week! We traveled for a total of 8 days, flew a total of 5338 miles, ate a total of 4 hamburgers, and spent less than an average week’s worth of rent in San Francisco.

The first flight we took was to San Francisco with a connection in LAX.
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Inflation-Adjusted Happiness

Last weekend, we went to New York City to unwind and discover the Big Apple. It was a great way to forget about our daily routines and enjoy the high-pace of the city. A few weeks before our trip, we planned a few activities and booked our hotel with reward points. We booked a hotel in Midtown (Time Square) for $325 a night but we actually paid a total of $0.00 for our whole stay.
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Traveling the World, Priceless

In the year of 2016, we optimized our spending and coordinated multiple credit card applications to maximize our travel rewards. Over the year, we applied for multiple TD cards, each a CIBC card, multiple American Express cards, and an MBNA Alaska Airline card each. (Using these affiliate links will give you a bigger welcome bonus or cash back.)

All in all, we accumulated over 250,000 Aeroplan points, over 10 free hotel nights, and over 50,000 Alaska Miles.
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We Only Spent $2,359 on our Honeymoon

Last September, we got married and waited until the winter to go off on our honeymoon. After much consideration, we decided to escape the snow in Mexico. With a few travel hack and rewards points, we were able to cut our costs down drasticaly. All through our trip, we have kept a tab and tracked our expenses to share with you guys.
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Traveling Through Italy Frugally

In July 2015, we traveled to Italy for a conference held in Turin. Fortunately, Mrs. Xyz traveled for free since it was for her work so we only had to pay for my ticket.

We usually use our business travels as an opportunity to extend our stay and cut vacation expenses. This time around, we extended a 5-day business trip to Turin into an 11-day trek around northern Italy!
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Traveling Through South-East Asia on a Budget

Way back in 2009, before I had met my wife and way before I discovered the early retirement concept, my parents took us (me and my sisters) to a long trip in South-East Asia. During this trip, we traveled through Japan, Thailand, Cambodia, Myanmar, and Laos, flying through continents, walking through borders, and backpacking across mountain ranges. Traveling there and meeting the locals and ex-pats really opened my eyes to what I would later label as; Financial Independence.
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The Secure Way to Bank Online

As I already said time and again, tracking your finances is the number one step to financial freedom. Once you know where all your money is going, you can then start cutting down your spending and increasing your savings. Using free tools like Personal Capital allows you to not only track your banking but all your investment accounts too. That’s where it gets interesting!
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One Step Richer

 

Sometimes, I feel poor.

My bank account has a low balance and I use credit cards for all my purchases.

 

This might be the hard reality of many people living paycheck to paycheck. However, I choose to live like this to optimize my savings and live a better, happier, life. 🙂 For example, I do not keep a large balance in my bank account since it pays a whopping 0% in interest.
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How to Become Debt-Free?

 

For the average american, debt is normal, debt is good; debt is a way of life.

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That is not the way of life I desire and I chose to not live with any outstanding debt except for my mortgage. If you are currently trying to get out of debt and have student debt, unpaid credit cards, or outstanding loans; you are at the right place to take the step towards a better future.
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