I’m Dr. Hassan, a Board-Certified Physiatrist and Independent Practice Owner. I help physiatrists start and grow their own profitable practices so they can achieve financial independence and live without limits.
You can find all you need to learn about rewards cards on the internet. You know the drill: search engine, type in the keywords, push the return key, link up to the websites you think have your information, and read away. Become an expert on rewards cards and use them to make your life all you ever wanted it to be.
An innovation like rewards cards can make a big difference in how you live your life if only you can look closely enough to see the patterns. If you can use them to your advantage that way, you could become a delighted person, and a very wealthy one too. There are so many people around you who have reward cards and use them every day. What you do with your reward card, however, determines what rewards you get.
Rewards cards that offer bonus points after every initial purchase are the best.
And they often have more surprises in store. You can also seek out different types to better suit what you have in mind. Rewards generally fall into one of three categories–cash, points, or miles. For example, your credit card’s reward program may consist of cashback, general reward points, hotel/travel points, retail rewards, gasoline points, etc.
There’s a lot you can learn by watching and listening. Even if you know nothing about rewards cards, you could become a pro by paying attention to all the right things as they present themselves to you. Credit card companies value people with good credit in their habits. Such people bring them more money, and they like to give them something back for their time. Cashback rewards are common, and your credit card company might want to encourage you with it. Be sure to seize it and make the best use of it.
When it’s time to redeem your credit, your credit card company often pays directly to the retailer you purchase from, and then you pay them. With a reward card, they could be the ones paying you, you know? It’s all about playing your cards right. When a reward card is used, the retailer records your name and account number. They send this to your credit card company to know how much you have done in transactions. It is from this report that they send you your bill and whatever reward you are due.
Instead of spending the cash back reward on travel or shopping, purchase stock.
There are many reasons why you need to invest rather than spending everything you earn. Foremost, wise investments will ensure that your investment will make more money for you via healthy returns. This is a concept of compound interest. If the idea of watching your money grow before your eyes sounds appealing, then it pays to take advantage of the power of compound interest and returns. Investing in the stock market has historically delivered more than a 9% average yearly return.
Furthermore, many stocks pay dividends, which are profits distributed monthly or quarterly from a corporation to its shareholders. So if you own 25 shares of a company that pays $0.25 in monthly dividends, you will receive $7.50 per month (which is $90 per year). That’s in addition to the profits of the stock itself.
Investing in stocks allows you to build financial security, provide for one’s retirement years, and build wealth. What do you do when you invest your money in? You’re putting your money in the financial market to increase the money’s future value in simple terms. By doing so, you’re growing future wealth to ensure a better standard of life for your retirement years. We all need to spend money. Why not spend your way to wealth? By turning your rewards points into cashback, which you, in turn, use to purchase stock, you are indeed spending your way to wealth.
Read my post on why business credit is a must.
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I’m Dr. Hassan, a Board-Certified Physiatrist and Independent Practice Owner. I help physiatrists start and grow their own profitable practices so they can achieve financial independence and live without limits. Follow me on social media @DrHassanRehab.