Quote:
Originally Posted by RWebb
you ran up monthly balances of $10k on a credit card??
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Mind boggling that such a stupid person like me (in your book) can actually run up 10K a month on my AMEX, isn't it?????
That was a slow month back in 2005 there fella, now get back on the porch with the little dogs...
I ran all my business expenses though that card, everything. Have you ever walked into a car dealership and bought a car or truck with your AMEX???
I have and the points I got were awesome, the better feeling was paying off 30K the next month like it was nothing.
I have over 330K in points on my AMEX Starwood preferred guest card, I have enough points to stay for a month in a Westin or 15 days in a 5-6 star hotel in Italy which is my plan for 2010. I never pay to stay in a hotel I am always staying for free and have been for years.
Of course, I have scaled back my spending in these last 2 years as the economy has slowed but during the good times I was working that card over, running everything I could through it, I likey my Starwood points.
As far as an economic slow down, I am ready, sold off the toys, have almost ZERO debt and I am working had to get my small mortgage back to zero. (I had to lend my business money in order to keep it afloat, it is turning a profit again and I hope to pay off the small mortgage in the next year.)
I never got in over my head, I always had an out, and now with the forecast for really bad times, I can get by flipping burgers if I need to.