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Credit card cash back, it’s easy to get 5% on most purchases. That’s $1,000 tax-free a year for $20,000 expenses you’ll have either way.
by deanmoriarty 5y ago
Credit card cash back, it’s easy to get 5% on most purchases. That’s $1,000 tax-free a year for $20,000 expenses you’ll have either way.
- m9731526 5y agoIt makes me sad that $20000 is my annual income and I'm a okay (I guess?) developer!
- HashBasher 5y agoWhere are you located? That seems like an insanely low salary.
- m9731526 5y agoTaiwan. The minimum wage here is about 24000 TWD ≒ 860 USD. I started at 31000 for 2 months, 36000 for 1 year, now 41000 for another half year. Quite a big company though.
- quickthrower2 5y agoYour advantage is cost of living then. You can create a SaaS and live off it much sooner than a SF person spending $100 a week on sourdough bread
- m9731526 5y agoYeah, as long as one is not trying to purchase a real estate he can have a not bad life in Taiwan.
- ozim 5y agoI still would rather not spend or cut down $20k expenses to $19k or less. Somehow not spending money feels like a better option.
- deanmoriarty 5y agoThen do the 5% math on $19k spending (or $15k), it doesn’t have to be $20k. In the US $20k of credit card expenses is not insane as an adult living by yourself. After factoring in groceries, gas, insurance, utilities, a few dinners out and a couple flights a year, that’s very reasonable. I am a relatively frugal person who spends $40k a year in a HCOL area in the US (but get paid 25X that fortunately), and $20k is my credit card spending, I basically put everything on my cards except for rent. Cards are in autopay every month, so no risk of extra fees. I also have enough financial discipline to obviously not spend more than I strictly need to, I am a very aggressive saver actually.