I'm so broke I can't afford to jerk myself off.

With a few smart moves and time, it's totally plausible to have a million dollars in assets.

Must be a fancy Jon Madden shrine

Great advice!

I am in fact, a lot more broke than i would like. But ive used most of my savings on my house, started a merch buisness thats made a few grand in three months and my wife got a better job and my daughter is almost out of daycare. Time to get back on that savings train. Then to the investment train.

I picture this dude sitting in a housing project somewhere leafing through a 100,000 paper IOUs reading "I owe you $10 for this blowjob."

Car is paid off and hasn't given me any maintenance issues. Going to drive it until the wheels fall off.

I'm taking a trip to Alaska over the 4th of July and flying first class. The entire trip is being paid for with credit card rewards. And I still haven't paid a dime in CC interest in at least 15 years.

Also, my house, which I bought in 2009 with only 3% down, has been by far the best financial decision I've ever made.

guessing "On Paper" would mean all assets totaled up to a sum of 1M+

Working on this myself. I just put as much of my monthly expenditure as I possibly can on my credit card then pay it off at the end of the month. 2% cashback isn't a huge amount, but it does add up over time.

Hopefully I will be able to take a trip fully paid for in cc rewards soon like yourself.

This is what I do. I put all my bills and most of my expenditures on my southwest card and pay it off at the end of each month. Zero interest. Last year I earned the southwest companion pass. Before that I used Disney rewards and earned 3-4 free hotel trips over the years.

It requires discipline to not go over budget each month, but it’s fairly easy to do.

We travel quite a bit, so I've slowly drifted to the "go big" side of the rewards game. My current setup is the "Chase Trifecta":

• Chase Sapphire Reserve - $550 annual fee (but $300 of it is an instant travel credit, so it's really more like a $250 annual fee). Gets you into airport lounges and comes with travel insurance and primary rental car insurance. 3% on dining and travel.
• Chase Freedom - No annual fee. 5% back on rotating categories.
• Chase Freedom Unlimited - No annual fee. 1.5% back on everything.

You can transfer points to travel partners (including United and Southwest). Or you can just book travel through Chase at a 50% bonus (perk of the CSR). So with that, you basically end up at 4.5% on dining and travel, 7.5% on rotating categories, and 2.25% on everything else.

It's a bit complicated, but if you travel and eat at restaurants a lot, it adds up quick.

For those of you who prefer the pure cash back credit card game, you might want to consider the Citi Custom Cash card that they just released as a secondary card. It gives you 5% back on whatever category you spend the most on each month (on up to $500 spending/$25 rewards). So if you have a big family and spend $500/month on groceries, it's a 5% card for groceries. Spend a lot on travel? It's a 5% travel card. Spend a lot on gas? It's a 5% gas card. Kind of a cool implementation.

At this stage in my life, I don't have much debt. My mortgage is pretty minimal. My cars were all bought with cash. My oldest Son graduated College in May and his bills have all been paid. My youngest Son has two years of College left, and I've set aside everything that he needs to finish out. I'm going to retire at the end of 2023 (barring any sort of world economy collapse). I'll be 56 at that point and ready start racking up some SERIOUS debt :)

That's interesting. I will have to look into it.

To make things easy, I've been sticking with the Capital One Quicksilver which gives either 1.5% or 2% cashback on all purchases, if I'm not mistaken. I use this one for most of what I buy.

And I have an American Express. I think it's the BlueCash Every Day card or some shit like that. I believe that one gives 3% cashback on groceries and gas so I pretty much exclusively use that one for those types of purchases.

To anyone who has a card that gives points, do you find that efficient? I was looking into a lot of travel cards and I'm just not comfortable since I'm not sure what the conversion rate on points to dollars is. Signing up for a travel card that'll get you 50,000 points to start sounds great but I wouldn't be surprised if you'd need millions to actually have any sort of legit worth.