Navigating Your Money, Points, and Career + More Listener Q&A with Kevin Rose
All the Hacks with Chris Hutchins
Deep Dive
Why did you decide not to keep your home as a rental property when you moved to a new place, even though it had a low mortgage rate?
I decided not to become a landlord because the incremental money from renting wasn’t worth the headache and time commitment. Plus, if I had to deal with vacancy or maintenance issues, it could become a significant burden. I sold the house and looked for other investment opportunities.
What are the most underrated credit card strategies for earning points?
Underrated credit card strategies include negotiating retention offers and applying for business cards. Retention offers can give you a significant bonus for continued card use, and business cards often have higher earning potential and valuable welcome bonuses, even if you don’t have a formal business.
Why should someone consider the Capital One Venture X Rewards Credit Card and the Amex Gold Card together for their spending?
The Capital One Venture X Rewards Credit Card and the Amex Gold Card together can maximize your points and cash back. Venture X earns 2X points on everything, and Amex Gold earns 4X points on groceries and dining. This combo covers a broad range of spending categories efficiently.
What is the best way to earn multiple welcome bonuses each year without hitting the 524 rule?
To earn multiple welcome bonuses, focus on card products that allow for retention offers and business cards. Retention offers can provide significant points without opening new cards, and business cards have more lenient application rules and lucrative bonuses.
Why do you recommend not over-planning activities during extended family trips?
Over-planning activities can lead to burnout and reduce the enjoyment of the trip. Instead, focus on one or two major activities that you can book in advance and leave the rest of the time for spontaneity. This approach can make the trip feel more relaxed and enjoyable, especially for children who can participate in local summer camps or classes.
Why is it important to have a clear emergency fund before making a career change?
Having an emergency fund of three to six months of living expenses can reduce financial stress and give you the confidence to make a career change. It allows you to take calculated risks and explore new opportunities without the immediate pressure of finding a new income source.
Why should you prioritize family time and personal well-being when balancing career ambitions?
Prioritizing family time and personal well-being is crucial to avoid burnout and maintain a healthy work-life balance. Set non-negotiables for personal activities like exercise and meditation, and use free time to pursue passion projects. This approach ensures you stay grounded and have the energy to tackle ambitious goals.
Why do you think it's important to work with brands you believe in when running a podcast with ads?
Working with brands you believe in ensures authenticity and trust with your audience. It’s important to only promote products and services that you personally use and stand behind, rather than accepting random ads that don’t align with your values or show content.
- Renting out a home can be profitable but requires time and effort.
- The tax-free gain on selling a primary residence is a factor to consider.
- REITs offer real estate exposure but are taxed as income.
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