Category: Top 5 Solutions & Commentary

Top 5 Positive Effects Of A Quarantine If You Now Work (or Learn) From Home!

  1. You only have to think about a potentially higher electric bill. Now is a good time to inspect your household and disconnect appliances and other electrical equipment you are not currently using or frequently forget to disconnect prior to your commute to work.
  2. Less frequent fuel trips and fill ups. If you must fill up, at least build excess cash at the pump, apply for a cash back rewards card. Similarly if you were commuting on the smelly bus or railway/subway (and not being reimbursed by your employer), those charges can be saved and reapplied elsewhere.
  3. At least 1 less oil change. Typically, the average consumer is performing oil changes at least 1 to 4 times per year on their primary vehicle. Since you are remote working from home, these fees can be reapplied elsewhere, such as a mortgage balance or brokerage account.
  4. No more bad hair days and unreliable umbrellas due to polluted rain and inclement weather!
  5. Lower auto insurance billing. Major auto insurers are lowering the insurance rate automatically due to commuters being off the road! You can also call your auto insurance provider and let them know you are a remote worker driving for pleasure only, no commuting. Use the savings and potential cash back to apply towards your BlockFi savings account.
  6. Bonus: No more wasting time in traffic. Use the extra time away from commuting to read, start a side hustle or regain at least 1 hour of extra sleep. Your brain, body and pockets will thank you later.

Top 5 Ways To Maximize Your Debt Freedom During The Holidays!

  1. Open a Cash Back Account Account: Open your first Capital One Quicksilver and earn unlimited 1.5% cash back on every purchase, every day.
  2. Avoid subscribing to too many subscription services and instead choose a combination under $20 monthly that your Capital One interest can cover alone. If you over subscribe to streaming services, you’ll end up right back where you started with a high cable bill. At least Disney+ is starting at only $6.99.
  3. Purchase lunch and happy hour specials. Make lunch your largest meal and reduce spending on expensive dinners after hours. Chinese and Portuguese cuisine restaurants come to mind and provide some of the best bang for your buck and enough food for you to eat later if you are away from home!
  4. Join Rakuten (Ebates) and you’ll get $10 for the referral to go towards your reduced lunch.
  5. Join Robinhood and we’ll both get a stock like Apple, Ford, or Sprint for free. Nothing like a free investment, they have cryptocurrency too as an alternative investment to help diversify your portfolio!

Top 5 Alternative Ways To Conserve Revenue

  1. Pack your own lunch.
  2. Seek remote Work From Home Opportunities to save fuel from daily driving and dealing with traffic headaches.
  3. Reduce your electric bill even further while working from home by trying The Ultimate Energizer.
  4. Quit drinking coffee or brew your own instead of purchasing and wasting resources at conventional coffee shops. Use the savings to invest in Starbucks stock instead.
  5. Invest in a low cost home gym using equipment often on sale for reduce costs at Sears instead of paying monthly for a membership you barely even use (and waste fuel driving to when you do use it).

Uphill Battle

Do not climb the ladder with unnecessary weight on your shoulders, instead climb the ladder and then throw the rope down to help others climb up once you reach the top. Climbing ladders with the weight of others standing on your shoulders constantly complaining can severely delay your progress to the top and cloud your judgement. Learn to move quickly, accurately and silently. Once you have achieved your rise to the top…kindly hold the ladder and throw down extra rope to assist others. Lead by example, not by wasted exertion.

Not All Debt Is Bad

Not all debt is bad debt, the key is to keep debt manageable. If you are not able to manage debt, then try to eliminate it altogether. One strategy I use is to have funds allocated to a savings account which is linked to a credit card, within 24-48hours of an item being paid with a credit card I apply the account savings balance to the debt to quickly escalate the credit score.