Here are ways to maximize your return on high levels of spend with low levels of effort.
00:00 Intro
00:29 Giant Mailbag
01:56 Giant Mailbag #2
04:25 Card Talk: Bank of America Premium Rewards card
19:00 What crazy thing . . . did Choice Privileges do this week?
22:25 Mattress running the numbers: Wyndham summer promo
27:32 Award Talk
27:50 Nordic Choice rebrands as . . . Strawberry?
29:51 Using Wyndham points to book Vacasa
35:39 Avianca customer service success
39:38 Frequent Miler Challenge Update
43:30 Main Event: How would we spend $1 million?
44:29 Bank of America Premium Rewards card with Platinum Honors
46:14 Citi Double Cash or Capital One Venture / Venture X / Spark Miles
48:34 Multiple welcome bonuses
49:03 Business Platinums
51:36 Venture X for Business
54:32 Aeroplan Visa
57:16 Delta Diamond for life
59:41 Get elite statuses
59:42 American Airlines elite status
1:01:45 Air Canada Aeroplan elite status
1:02:45 Hyatt elite status
1:04:51 Marriott elite status
1:06:09 IHG elite status
1:07:20 What would Greg do?
1:09:12 What would Nick do?
1:17:30 Question of the Week: Is it possible to get an Amex Business card with a low percentage of business owned?
Music credit: Annie Yoder…(read more)
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If you suddenly had 1 million dollars in your bank account, what would you do with it? This is a question that many people dream about and believe they would know exactly how to spend it. But the truth is, with such a large sum of money, it can be difficult to decide where to allocate it appropriately. In this article, we will explore some different ways to spend 1 million dollars.
First of all, investing your money should be a top priority when you come into a large sum of money. You can invest in stocks, bonds, real estate, or even cryptocurrency. Financial advisors recommend creating a diversified portfolio that spreads your investment out across several ventures to ensure that you won’t lose all your money in the event of market fluctuations.
The second option is to travel. Many people dream of traveling the world, and with 1 million dollars, you can go further and stay longer than most of us could ever afford. This option will allow you to explore different countries and cultures around the world, broaden your perspectives, and create unforgettable memories.
Another possible avenue is to use the money to start a business. This can be either by starting a new one or buying out an existing one that is already established. Starting and running a business can be risky, but it also provides a chance to make a significant return if it succeeds.
Finally, the choice to give back and make a difference in the world is a noble one. Donating money to charity or starting your own charitable foundation could make an immense impact on the people and communities that need it the most. You can also fund research and development projects to help solve various global challenges, such as pandemics, global warming, and pollution.
In conclusion, there are countless ways to spend 1 million dollars, from purchasing properties to traveling around the world and donating to charity. Ultimately, the decision comes down to personal preferences and priorities. It’s essential to invest your money strategically and wisely, so that you can make the most of your newfound wealth and use it to make a positive impact in your own life, or the lives of others.
Consider spending $200K at a Hyatt to get Lifetime globalist status.
I would spread the love around for transferable points and maybe to get Hyatt Globalist and IHG Plat. Not sure why anyone would chase airline status for one year. With all the transferable points, would anyone be flying in coach where status really matters. If you are flying in business/first, most of those perks come with the ticket (internationally anyway). And you can generally find a lounge for domestic travel if you have an Amex Plat.
Love this podcast . My business spends about 1 million per year . Regarding chase 5/24 rule – I’m 2/24 right now . None of my business spend is really on any category. Should I get the capitol one business card – even though it counts against Chases 5/24 rule ? One thing the podcast didn’t address- is how fast can you open up cards when you have this much spend ?
That’s a huge spend. How’d I do it?
1) $120k on Hyatt Business Card for Globalist
2) $200k on AA for Executive Elite. P2 and I never fly on American but we do a lot on Alaska. We’ve got great benefits from just being a platinum Pro (OneWorld Sapphire), free bags / Upgrades etc
3) knock out a few signup bonuses – Amex Business Plat x 2, Biz Gold x 2, Amex Plat x 2, Amex Gold x 2 (total $70k spend for a total of 1.1 Million MR points, excluding referrals)
3 inks x 2, CSP x 2 (62k total spend for about 750k UR excluding category bonuses or referral bonuses)
4) Everything else – BofA 2.625% cash back.
How would I spend $1 million? All Amex, Chase and Hyatt Business cards!