Monthly Archives

Monthly Archives for July 2020.

What’s your credit card and points strategy these days? (The 3 cards I want now)

July 25, 2020 by Harlan 11 Comments

I’ve always said, “earn and burn.” Meaning earn your points and miles, then burn them in short order. I keep my points balances low – having 100,000 points is a good enough minimum cushion for me.

Because with that amount, I can get to most places in business class one-way (and to a few in business class round-trip). It’s also enough for me to begin planning a trip. And if I need more, I can start earning what I’ll need. Usually, the easiest way is to open a new credit card.

I’m accumulating points but have no idea how to use them

These days I can earn, but there’s no way to burn. I have a few cards I want, but keep waiting to apply for them. It feels pointless to have a storehouse of points and miles when most places are closed to Americans and there’s uncertainty about when we can travel again.

But my wanderlust is kicking up big time and I know when I’m able, I’ll be off like a rocket. 🚀

I’m torn between earning lots of points while I’m still in lockdown and waiting to see what happens. Who knows what devaluations and program changes are coming down the pipeline, especially with basically every airline and hotel chain massively struggling right now? It’s keeping me in a holding pattern. Not only with this topic, but with pretty much everything.

My current credit card strategy

Allbirds: The perfect travel shoes? (Updated 2020)

July 24, 2020 by Harlan 33 Comments

It’s weird to write about travel shoes in the middle of a pandemic. But I wanted to refresh this article since it’s been up for a while and I have more experience to reflect on.

My first encounter with Allbirds was an article with the kinda clickbait-y title, “The Most Comfortable Shoes in the World.” I rolled my eyes a bit but definitely clicked on it. Because I like to take one pair of shoes with me when I travel: the ones on my feet. So I was curious what had been singled out as “the one.”

Before Allbirds, my go-to was New Balance. They have that appearance of “casual athletic” – and of course the big reflective “N” logo – so I’m comfort-over-style.

For the last three years, I’ve been wearing Allbirds more often than not.

Hanging in my Allbirds

The idea of a comfortable and attractive shoe lured me in. They come in basic colors, they’re $95 a pop, and the founders are committed to design, sustainability, and ethical standards.

What began as a six-month test evolved into a brand preference. And I still get comments about them all the time.

Each pair lasts me ~9 months. I’m on my third or fourth pair by now. Safe to say I’m now a fan.

My Allbirds review, three years later

Inventory: The 23 credit cards I currently have – and why

July 24, 2020 by Harlan 8 Comments

Dang, the last time I did a full credit card inventory was three years ago. Can you believe?

Back then, I had 29 cards. These days I have 23, and currently have my eye on three more (ironically, all cards I’ve had before: Chase Sapphire Preferred, Citi Premier, and US Bank Altitude Reserve).

Of the 29 I had, some I closed, some were discontinued, and others were canceled for me. And I still have a lot of them today. Let’s hop to it!

Recent mainstays

I set up each section with:

Name of card – annual fee amount – # of years I’ve had it – keep or cancel

Amex

My first $100K: How to start investing

July 23, 2020 by Harlan 6 Comments

You know how bloggers say they started their site because their friends kept asking for pointers? This post on how to start investing is exactly that.

I posted on Insta and Facebook about my first $100K invested in the stock market for my retirement – separate from the cash I’m setting aside.

This milestone happened yesterday! For the first time in my life, seeing six digits when looking at my accounts – finally – was exciting.

It didn’t happen fast for me. But once I buckled down, momentum built and I nearly doubled what I had in just the past year.

This pandemic, horrible as it is, has been an advantage for saving. I’m not traveling any time soon after my weird vacation earlier this month, can’t go to happy hour because bars are closed, and have most meals at home. So my “fun slash going out” and travel budgets are going directly to savings.

If you’re in a similar spot, this is an excellent time to begin investing for your future.

Money Alley is a great place to be

So here’s my mini-guide. Written especially for my friends and those looking for direction. 🤑

How to start investing

Reminder: Put a charge on all your credit cards every so often (Oops!)

July 21, 2020 by Harlan 21 Comments

There are a lot of promotions out there right now. Due to coronavirus, many banks added bonus categories to their cards to encourage more use – which is great! The downside is it becomes easy to forget your other cards.

I often recommend downgrading cards with annual fees to their no-fee counterparts to preserve the credit line and history. Older accounts in particular can age your overall credit and lower your utilization rate, which can help your credit score.

But! Because these cards are free to keep, it’s easy to stick ’em in a drawer and forget about them. Like I just did with my US Bank Radisson Rewards Visa. 🤦🏻‍♂️

I got a letter in the mail saying my card was closed effective immediately and to destroy it because the account was inactive. Dang, US Bank – you know how to break up, don’t you? Give a guy a warning!

Goodbye, valiant soldier

So this is your reminder to use ALL your credit cards. Especially if you have a couple dozen floating around out there like me.

Use credit cards at least once a year

My first vacation during coronavirus was really weird

July 20, 2020 by Harlan 14 Comments

I had to get out. My last trip was to Cabo San Lucas in early March. So for the July 4 “holiday weekend,” I met my mom and stepdad in Heber Springs, AR. It’s a cute mountain town ~45 minutes north of Little Rock.

We booked two nights at the Holiday Inn Express & Suites Heber Springs. I had plenty of IHG points – and they’re the only pet-friendly place in town for a road trip with the pup.

After being home for 4 months and only leaving to get groceries, I was ready to be anywhere.

What a unique name for a sandy beach

I started out by taking photos of the hotel room as if I was going to do a review and trip report like old times. Well that lasted about two seconds before I realized traveling during this pandemic is just a really weird experience.

From what I saw, about half were taking the virus seriously. And the other half were carrying on like nothing was happening. It was a really strange vibe to reconcile in my mind.

Now that I struck out and traveled, I don’t think I can enjoy trips the way I used to. It wasn’t the same. Maybe I’m not ready for the new normal?

Heber Springs, AR: The site of my first coronavirus vacation

Condo sold, net worth return to form, & up $35K – July 2020 Freedom Update

July 14, 2020 by Harlan 13 Comments

Big news first: I closed on my condo on June 29! It hit the market April 22, and I got the offer on May 30. As y’all know, I’ve been on veritable pins and needles waiting for this. Now that it’s over, I’m almost embarrassed at the sheer amount of mental and psychic energy I put into it.

It drained me and consumed my thoughts. For the first time since I was little, I got down on my knees at night and prayed (for a smooth, quick sale).

This whole thing started in January when I got a small ceiling leak and morphed into this whole debilitating thing. But it’s done. And I finally feel like I’M BACK.

Now I live in an apartment in Dallas with the goodest boy

I’m always amazed (in a bad way) at how consumed I get with situations to the point where it zaps me so fully. That said, the last couple of weeks before closing were absolutely freaking crazy. In no way would I describe myself as being “calm.”

I didn’t post a June 2020 Freedom update because I knew the sale was pending and that it would shake up my financial situation. It did. And now I’m heading into the best financial shape of my life.