Comments on: Our Story Part III: the Moral http://www.rocketfinance.net/2008/03/14/our-story-part-iii-the-moral/ Finance is not rocket science, unless it is government finance. Sat, 05 Jun 2010 22:48:26 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: MoneyEnergyhttp://www.rocketfinance.net/2008/03/14/our-story-part-iii-the-moral/#comment-8224 MoneyEnergy Fri, 15 Aug 2008 18:39:25 +0000 http://www.rocketfinance.net/2008/03/14/our-story-part-iii-the-moral/#comment-8224 Sounds exciting, in a way. I know in Canada much of this hustling stuff just isn't available - and that could be a good thing - but the variety of strange credit card offers and bank bonuses and all that marketing hoopla - there's some of it, but no where on the degree it seems to be in the US. I'm partly envious since I would like, perhaps, to do some "hustling":) (online paid surveys, maybe), but it also seems a difficult way to literally scrape up a living. But I also probably don't have the overall salary needed for those bank bonuses anyway - like needing to move $5000 at once into one account in order to get a $75 bonus, etc. Good for you for being able to take such radical transformative action! That's what counts. Sounds exciting, in a way. I know in Canada much of this hustling stuff just isn’t available – and that could be a good thing – but the variety of strange credit card offers and bank bonuses and all that marketing hoopla – there’s some of it, but no where on the degree it seems to be in the US. I’m partly envious since I would like, perhaps, to do some “hustling”:) (online paid surveys, maybe), but it also seems a difficult way to literally scrape up a living. But I also probably don’t have the overall salary needed for those bank bonuses anyway – like needing to move $5000 at once into one account in order to get a $75 bonus, etc.

Good for you for being able to take such radical transformative action! That’s what counts.

]]> By: rocketchttp://www.rocketfinance.net/2008/03/14/our-story-part-iii-the-moral/#comment-3421 rocketc Wed, 25 Jun 2008 18:37:01 +0000 http://www.rocketfinance.net/2008/03/14/our-story-part-iii-the-moral/#comment-3421 I think your critcisms have some merit. There are also some points of which you should be aware. I earned 28K while working for a non-profit organization. I have since changed jobs and increased my salary a little and also put myself in a position to earn an MBA. The strategies outlined here were a one-time, emergency fix. I think your critcisms have some merit. There are also some points of which you should be aware. I earned 28K while working for a non-profit organization. I have since changed jobs and increased my salary a little and also put myself in a position to earn an MBA.

The strategies outlined here were a one-time, emergency fix.

]]> By: Sharonhttp://www.rocketfinance.net/2008/03/14/our-story-part-iii-the-moral/#comment-3418 Sharon Wed, 25 Jun 2008 18:18:13 +0000 http://www.rocketfinance.net/2008/03/14/our-story-part-iii-the-moral/#comment-3418 I think that was the point. He learned budgeting and to watch all of the financial stuff much closer. And I think that he knows now that there are better things to do which won't affect your credit score. I think that was the point. He learned budgeting and to watch all of the financial stuff much closer. And I think that he knows now that there are better things to do which won’t affect your credit score.

]]> By: 144mphhttp://www.rocketfinance.net/2008/03/14/our-story-part-iii-the-moral/#comment-3416 144mph Wed, 25 Jun 2008 18:03:39 +0000 http://www.rocketfinance.net/2008/03/14/our-story-part-iii-the-moral/#comment-3416 I'm sorry, that above post sounded really rude. I didn't mean to insult you, but your solution to this problem was exceptional and surprising. Great job. I’m sorry, that above post sounded really rude. I didn’t mean to insult you, but your solution to this problem was exceptional and surprising. Great job.

]]> By: 144mphhttp://www.rocketfinance.net/2008/03/14/our-story-part-iii-the-moral/#comment-3415 144mph Wed, 25 Jun 2008 17:54:31 +0000 http://www.rocketfinance.net/2008/03/14/our-story-part-iii-the-moral/#comment-3415 If you're smart enough to out-hustle the hustlers this much, why are you only earning 28K a year, with an ARM mortgage that bumps 3%, and adding on a third kid? Don't you think that a similar effort, put into studying to develop valuable job skills, would earn a higher yield? People put so much effort into cheating the system, it's amazing. Don't get me wrong, I fully appreciate your ingenuity and inventiveness, but I think your misdirection of effort is grossly inefficient. Most of all, I like how you took matters into your own hands and developed your own solution instead of turning to the charity bandwagon and looking for a handout because of your life situation. If you’re smart enough to out-hustle the hustlers this much, why are you only earning 28K a year, with an ARM mortgage that bumps 3%, and adding on a third kid?

Don’t you think that a similar effort, put into studying to develop valuable job skills, would earn a higher yield?

People put so much effort into cheating the system, it’s amazing. Don’t get me wrong, I fully appreciate your ingenuity and inventiveness, but I think your misdirection of effort is grossly inefficient. Most of all, I like how you took matters into your own hands and developed your own solution instead of turning to the charity bandwagon and looking for a handout because of your life situation.

]]> By: rocketchttp://www.rocketfinance.net/2008/03/14/our-story-part-iii-the-moral/#comment-3132 rocketc Thu, 19 Jun 2008 21:47:15 +0000 http://www.rocketfinance.net/2008/03/14/our-story-part-iii-the-moral/#comment-3132 Good question - answer is all of the money that came in the form of bank interest and most bonuses are considered bank interest. The thing to remember is that if you try to get the Earned Income Credit for children, you will not qualify if you have more than $2,900 in bank interest. We were just under that amount - something like $15 short if I remember correctly. Good question – answer is all of the money that came in the form of bank interest and most bonuses are considered bank interest. The thing to remember is that if you try to get the Earned Income Credit for children, you will not qualify if you have more than $2,900 in bank interest.

We were just under that amount – something like $15 short if I remember correctly.

]]> By: DJhttp://www.rocketfinance.net/2008/03/14/our-story-part-iii-the-moral/#comment-3131 DJ Thu, 19 Jun 2008 21:39:12 +0000 http://www.rocketfinance.net/2008/03/14/our-story-part-iii-the-moral/#comment-3131 quick question - how much of your $5,000 was taxed, and how did taxes figure into your budgeting? Thanks! quick question – how much of your $5,000 was taxed, and how did taxes figure into your budgeting? Thanks!

]]> By: Rocketing Credit Score | rocket financehttp://www.rocketfinance.net/2008/03/14/our-story-part-iii-the-moral/#comment-2732 Rocketing Credit Score | rocket finance Mon, 02 Jun 2008 14:09:24 +0000 http://www.rocketfinance.net/2008/03/14/our-story-part-iii-the-moral/#comment-2732 [...] March of this year, I shared how our credit score plummeted from 748 to 618 last [...] [...] March of this year, I shared how our credit score plummeted from 748 to 618 last [...]

]]> By: BPaulhttp://www.rocketfinance.net/2008/03/14/our-story-part-iii-the-moral/#comment-1850 BPaul Mon, 24 Mar 2008 03:58:21 +0000 http://www.rocketfinance.net/2008/03/14/our-story-part-iii-the-moral/#comment-1850 I tried the same methods last year also, and had similar success but my credit score also dropped. I realized you have to be a very disciplined person to make these methods work for you. If not, you will end up paying late fees, interest, and basically make no profit at the end. The only good thing is my credit score jumped back up after paying off the interest only loans. Good Luck, you're definitely on the right track. I tried the same methods last year also, and had similar success but my credit score also dropped. I realized you have to be a very disciplined person to make these methods work for you. If not, you will end up paying late fees, interest, and basically make no profit at the end. The only good thing is my credit score jumped back up after paying off the interest only loans. Good Luck, you’re definitely on the right track.

]]> By: rocketchttp://www.rocketfinance.net/2008/03/14/our-story-part-iii-the-moral/#comment-1839 rocketc Sun, 23 Mar 2008 01:19:40 +0000 http://www.rocketfinance.net/2008/03/14/our-story-part-iii-the-moral/#comment-1839 I don't recommend arbitrage. . . it worked for us this once, but I don't plan to continue doing it. Thanks for stopping by! I don’t recommend arbitrage. . . it worked for us this once, but I don’t plan to continue doing it. Thanks for stopping by!

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