Listed from left to right:
- My Saddleback wallet – love that thing
- A well-worn photo of the love of my life
- My TN driver’s license
- The debit card that I never use (only as a backup)
- Chase Sapphire Preferred (details below)
- Medi-Share insurance card (details below)
- Chase Ink Business Preferred (details below)
How I save up to 20% on online purchasesThis is one of my secret weapons. It is so simple and painless a 5-year can do it and if you ever buy anything, you will save money. Watch the quick video below for details…
The only 2 credit cards we useAs of early 2018, we have received 161 hotel nights and 97 flights for FREE using credit card points and as a result, I am a big proponent of rewards cards. Even though I have opened probably 25+ credit cards in the last 10 years, these are the best that I have found. And that is why they are the only 2 in my wallet.
1. Chase Sapphire Preferred
- It rewards you with Ultimate Rewards points (which are just the best value and options that I know of).
- 50,000 bonus points (aka $625 in travel) for signing up at the time of this writing
- Earn 2 points per $1 spent on dining and travel, and 1 point per $1 on everything else
- You get a 25% bonus on point redemption if you use Ultimate Rewards portal.
UPDATE: After 5+ years of using this beloved card, I have been lured away by this one…Find out more about the Chase Freedom Unlimited here.
2. Chase Ink Business Preferred
The Financial Tracking tools we use
- See a snapshot of your finances in one place
- Track your net worth
- See the fees you are paying in your 401k and other retirement accounts
- See where all your money is going each month
The Banks we use
- Always in the top 1% best Savings, MMKT, and CD rates out there.
- No minimums and no fees.
- They offer debit cards and checks.
- Free and easy to transfer money to and from other banks.
5. A local bankEven though we probably could get by using Capital One 360 for all our banking needs, it is still nice to have a local branch every once in a while. So this satisfies our brick-and-mortar banking needs.
The Insurance we use
6. Health InsuranceWe have used Medi-Share as our health insurance alternative for the last 9 years. They have been great to work with and I highly recommend them if you are a Christian and adhere to a Biblical lifestyle. You can check read our Medi-Share review here or check out this video for more info as well:
7. Life insuranceLike 98% of people we are best suited with term life insurance. It is the simplest to understand, the cheapest, and the easiest to get started. I don’t have an affection for any particular life insurance company, but I do really like Policy Genius for getting quotes and comparing rates. Many of the comparison tools out there are obnoxious and I have liked using this one.
8. Auto InsuranceI don’t have a company that I particularly love, but definitely shop around – even when you think you have a good rate. I knocked my annual bill down by $530 in on year, just by checking rates.
The Investing tools we useWe have investments in a lot of different areas and there really are a lot of great options for new investors these days. These are what I use…
9. AcornsSimply put, the easiest way to start investing with no money. They just round up all the purchases you make to the next dollar and invest the difference. So, say you go to the grocery store and spend $16.25, they will round up to $17.00 and take the 75 cents and invest it. If you do that over and over, it quickly adds up to some big savings. By far, the easiest set-it-and-forget-it way to get started investing. Here is how it works: You can learn more about them here.
10. FundriseThis is the easiest way to invest in real estate that I have found. We actually sold our rental property shortly after realizing that our Fundrise returns (which are 100% passive income) beat our returns on our rental property. Read about it here:
11. M1 InvestingThis is where I go to purchase stocks. The reason I love them is that they allow you to buy fractional shares. So if the stock price is at $200/share, but you only have $50 to invest, you can buy 1/4 of a share. Not many online brokers do this. They work best when you plan on investing a regular amount each month, which is the wise thing to do anyway. And here is how to invest $100 using it… retirement goals. It is really helpful to see how increasing your savings amount by $50 a month can impact your retirement nest egg.
13. VanguardIn an industry wrought with fees and middlemen trying to get a cut, Vanguard is really something unique and special with the index funds and ETFs they offer. Warren Buffett just recently won a 10-year bet that the S&P Index Fund (which Vanguard offers) would beat out a collection of hedge funds (with outrageous management fees) and not only was he right, but it won by more than 3x! You can invest in these Vanguard funds at CapitalOne Investing.
14. Inspire FundsI love these guys because they took the benefits of the ETF model and applied a Biblically Responsible filter to it. So few Christians actually think about the companies they are investing in (and thus financially endorsing) and these funds do the work for you. They filter out all the companies that are ones that you probably wouldn’t want to support and then create a simple ETF to invest in with the rest. You can also invest in these ETFs at CapitalOne Investing.
Credit Reporting ToolsAdmittedly I don’t use these much anymore since we paid off our debt, and since we don’t plan on borrowing ever again, I don’t really care what my credit score is. I generally suggest checking them annually just to make sure there aren’t errors on there harming you. These are the tools I used in the past and are the best (FREE) options I know of:
15. Credit KarmaThese guys will do about everything and for FREE:
- Check your credit reports (Transunion and Equifax)
- Check your credit score
- Monitor your credit report for you