Frugality is always a strong topic in the Financial Independence /Retire early (FIRE) world, and it seems to me that we sometimes forget to spend a little money on the luxuries of life. Spending a little more on products you use every day is NOT a waste of money. In fact it’s the smart thing to do, and it should be considered inexpensive. We should be measuring the cost of something in cost per use, and additional happiness it brings…
Sometimes it seems impossible to reach financial independence. That kind of thinking is wrong — you can easily do it in less than 10 years. You’re awake for 16 hours a day, 112 hours a week. What do you do with your time? Throwing around some numbers, it’s around an hour a day to eat, an hour at the gym 5 times a week to stay healthy and active, an hour a day for your commute, 8 hours a week…
Olivia worked in finance and wants you to learn the secrets of financial independence. She believes there are so many ways to monetize your life and make money doing the things you're already doing because so many companies offer free money.
The average savings account rate is 0.1%. The big banks have incredibly low savings accounts rates. CIT Bank offers a 1.75% savings account. You can open an account with just $100 and no monthly fees or charge . Tired of being charged fees and getting peanuts in interest at your current bank? Open a CIT Bank savings account in less than 15 minutes online.
If you have a car, Rideshare apps allow you to pick a direction you want to go twice a day, so you can get extra money going somewhere you were driving to anyway at least twice a day. Get a $300 sign-up bonus with Lyft.
One of my favorite ways ways of monetizing my life is via credit card bonuses with cards that give you cashback or rewards. Check out our review of the Chase Sapphire cards, which give you at least $500 in cash or $625 in travel credit.