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Originally Posted by jmjj215
It took me 10 minutes to setup and makes us $60 per year in interest......10 minutes, $60. That's $360 per hour.
To each his own.
Every person's situation needs to be evaluated as its own situation!
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$60/year = $5/month = (4 weeks at 40 hours) = $0.03 / hour.
Isnt' it funny how both of our calculations are correct yet they have radically different results?
Yeah, I see what you are saying. I tried doing that with my AMEX hoping to rack up miles. Didn't work for me. Mainly because even though I am frugal and controlling (now at least) I still managed to rack up debt. Hope you have better luck.
But, you hit the nail on the head "To each his own"
I follow DR the best I can. Sure, there are better ways to gain a little money (sorry, but $60/year is little money) but the way I see it is that I've tried it my way and I've been un-educated. I am educating myself and following a proven plan (DR). I think it will work. i will try it this way for a while and see what happens because my way hadn't been working.
But, DR's way (no debt at all) has really worked this month. I increased the amount of money in may 3900%. Same paychecks. Just no wasteful spending.