Advanced Tax Planning Strategies Introduction to Miles & Points - - PowerPoint PPT Presentation

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Advanced Tax Planning Strategies Introduction to Miles & Points - - PowerPoint PPT Presentation

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Advanced Tax Planning Strategies Introduction to Miles & Points Web: www.MillionMileSecrets.com Email: daraius@millionmilesecrets.com Twitter: @MilMileSecrets Facebook: facebook.com/MillionMileSecrets Daraius Duh -Rye- Us Summer

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Advanced Tax Planning Strategies

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Introduction to Miles & Points

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Web: www.MillionMileSecrets.com Email: daraius@millionmilesecrets.com Twitter: @MilMileSecrets Facebook: facebook.com/MillionMileSecrets

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Daraius

“Duh-Rye-Us”

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Summer Hull

Mommy Points

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Web: MommyPoints.com Email: mommypoints@mommypoints.com Twitter: @Mommy_Points

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(Almost) free travel is not just for a select few, but can be had by many!

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  • Why Collect Miles & Points?
  • Stuff Nobody Talks About
  • Earning Miles & Points
  • Using Miles & Points
  • Questions?

The Next 1 Hour

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Connect With Relatives

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Connect With Relatives

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Connect With Each Other

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Have Fun With Your Kids

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Arrive Rested

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Spread Out

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  • Experiences Last Forever
  • Memories with Families & Friends
  • Save Money & Time

Why Collect Miles & Points?

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….and eat

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Big Travel.

Small Money.

Million Mile Secrets

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Big Travel with Small Money

  • Save money
  • Have experiences you can’t afford
  • Save time/less stress for frequent travelers

Why Collect Miles & Points?

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Visiting Emily’s Grandma

$600 Flights!

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Jet Airways First Class Suite

$10,000!

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Flying to London to Propose to Emily!

$5,000!

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Thai First Class Massage

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Escorted Through Airport

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A $1,000+ Suite in Bora Bora

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The Iguacu Falls to Ourselves for 4,800 SPG + $90!

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Save Time

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  • Why Collect Miles & Points?
  • Stuff Nobody Talks About
  • Earning Miles & Points
  • Using Miles & Points
  • Questions?

The Next 1 Hour

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Stuff nobody talks about

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My Goal

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Travel for 2?

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Family of 6?

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First Class?

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Or Coach?

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Good Credit?

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Earn Miles From Business Travel?

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Stuff nobody talks about - Ethics

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Know your limits

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Always someone with more

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Front Page Test

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Organization Is Key!

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Or…

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Alternatively, start small and keep it simple. Missed payments = not worth it.

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Award Wallet For Tracking Miles & Points

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Yodlee or Mint for Credit Cards

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Tips to Stay Organized

  • Pay Bills Online
  • Set due dates on the same day
  • Set Outlook/I-Phone/Notes Reminders
  • Excel Spreadsheet to Track
  • Sign-up/Cancelled/bonus received/spending
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Things WILL Go Wrong

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How You React Matters

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Know When To…

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Sometimes “Good Enough” is Enough

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Nothing is Certain

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Hang Up & Call Back Politely

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  • Trade-Offs
  • Be aware of time invested
  • Flexible travel dates and routings

Stuff Nobody Talks About - Trade-off

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  • Should I collect miles in all programs or just 1?
  • Flight miles in 1 program
  • Collect non-flight miles in ALL programs
  • Don’t forget hotel points
  • Hotel elite status could matter more
  • Earning is easy. Redeeming is harder!

Stuff Nobody Talks About – Bonus!

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My Wonderful Wife!

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Double the Miles & Points

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  • Why Collect Miles & Points?
  • Stuff Nobody Talks About
  • Earning Miles & Points
  • Using Miles & Points
  • Questions?

The Next 1 Hour

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  • Credit Cards
  • Debit Cards
  • Shopping
  • Dining
  • Banking/Investing
  • Promotions
  • Asking nicely!
  • Partners
  • Flying

Earning Miles & Points

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The EASIEST way to earn hundreds

  • f thousands of points

Earning Miles & Points – Credit Cards

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1 MILLION+ miles/points in 2011

Earning Miles & Points – Credit Cards

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Only 240,000 Miles to the Moon

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My Credit Score

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5 Dangers of Applying for Credit Cards

  • 1. APPLYING FOR LOTS OF CARDS

2. NOT PAYING YOUR BALANCE IN FULL 3. SPENDING MORE 4. YOUR CREDIT SCORE MATTERS 5. BUYING A HOUSE

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1) Transferable Points 2) Airline/Hotel Cards 3) Cash Back

3 Types of Credit Cards

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1a) Chase Ultimate Rewards

Types of Credit Cards -Transferable

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1b) American Express Starwood (SPG)

Types of Credit Cards - Transferable

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1c) American Express Membership Rewards

Types of Credit Cards - Transferable

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Types of Credit Cards – Airlines

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Perks :

  • Free bags
  • Priority boarding
  • Less miles for redemptions

Types of Credit Cards – Airline

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Types of Credit Cards – Hotels

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Could be worth paying fee for:

  • Free night certificates
  • Elite Status
  • Discounted award redemptions

Types of Credit Cards –Hotel

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Types of Credit Cards – Cash Back

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Types of Credit Cards – Cash Back

  • 1 to 2% on purchases
  • ~5% on categories
  • Easy to understand
  • Good for coach travel
  • $5,000 business class ticket = $250,000 spending
  • $80,000 spending on AMEX SPG = 100,000 AA Miles
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You’re Crazy!

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Will my credit score go down?

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3 Credit Bureaus

FICO Score: 700+

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Credit Score

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Free Credit Score

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Category Bonuses Are category bonuses worth it? Yes or no? It depends.

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Category Bonuses

  • Ink Bold/Ink Plus 5x: Office Supply stores, cell

phone, home phone, internet, Cable

  • Chase Freedom 5x: rotating quarterly

categories with $1,500 cap (no annual fee)

  • Amex PRG: 3x on airfare, 2x gas/groceries
  • Amex Blue Cash Preferred: 6% grocery/3%

gas (grocery capped at $6K)

  • Citi ThankYou Preferred: 5x 1st year at drug

stores, grocery stores, and gas stations

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  • 2X Travel/Dining
  • $95 Annual Fee
  • No Forex Fee
  • 5X Rotating Categories
  • Gas/Drugstores/Amazon
  • ZERO Annual Fee

And/Or Chase Ink Bold/Plus/Classic/Cash

  • 5X Office Supply Stores, Cable, Internet
  • 2X Hotels & Gas
  • $95 Annual Fee/ No Annual Fee

Category Bonuses – Simple Solution

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  • Credit Cards
  • Debit Cards
  • Shopping
  • Dining
  • Banking/Investing
  • Promotions
  • Asking nicely!
  • Partners
  • Flying

Earning Miles & Points

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Debit Cards

  • Suntrust Delta – 1 mile per $1
  • Bank of America Alaska Air – 0.5 mile per $1
  • UFB Direct – American Airlines - 0.5 mile per $1
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  • Credit Cards
  • Shopping
  • Dining
  • Banking/Investing
  • Promotions
  • Asking nicely!
  • Partners
  • Flying

Earning Miles & Points

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Earning Miles & Points – Shopping

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10X on Nordstrom Via Ultimate Rewards Mall

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Online Shopping

You can “double dip” and take advantage

  • f category bonuses when shopping via a

portal.

  • Freedom for 5x at Lowes to buy Home

Improvement Gift Card

  • Go back through portal for 5x on

purchase

  • Works with many retailers
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Use Evrewards.com to Find Best Deal

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$1 purchase keeps miles from expiring

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Earning Miles & Points – Dining

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  • Airline & Hotels have dining programs
  • Sign-up for each and add your card online
  • Earn miles for every time you dine
  • Won’t go out of my way to eat…

Earning Miles & Points – Dining

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  • Bank Direct
  • 100 AAdvantage miles for every $1,000 up to $200,000
  • 25 AAdvantage miles for every $1,000 after $200,000

Earning Miles & Points – Banking

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Fidelity Brokerage Accounts

  • United, AA, and Delta

Earning Miles & Points – Investing

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  • Social Media
  • Email Sign-ups
  • Watch a video
  • Hotel/Airline Promotions

Earning Miles & Points – Promotions

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  • Credit Card Retention Bonuses
  • Goodwill Adjustments
  • Providing Feedback

Earning Miles & Points – Asking Nicely

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  • Car Rentals
  • Hotels
  • Flowers
  • Magazines

Earning Miles & Points - Partners

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  • The old-fashioned way!
  • Two types of miles
  • Elite & Redeemable
  • Usually 1 mile per flown mile
  • Earth’s circumference is 25,000 miles
  • More miles in First or Business Class (50% to 100%)
  • Elite miles earn status which gets you perks
  • Very valuable for frequent traveler

Earning Miles & Points - Flying

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Read Different Blogs

  • Million Mile Secrets
  • Mommy Points
  • View from the Wing
  • Frequent Miler
  • MileValue
  • One Mile at a Time
  • The Points Guy & Others…

Earning Miles & Points - Blogs

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  • Why Collect Miles & Points?
  • Stuff Nobody Talks About
  • Earning Miles & Points
  • Using Miles & Points
  • Questions?

The Next 1 Hour

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  • Airline Availability
  • Hotels
  • Transferable Points

Using Miles & Points

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American Airlines Partners

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  • Airline availability on website sucks
  • Partner awards are KEY
  • Different tools to search for availability
  • ANA
  • Qantas
  • Air France
  • Be flexible

Airline Availability

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  • Paid Tools
  • Expert Flyer
  • KVS
  • Award Nexus
  • Award Booking Service

Airline Availability

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  • Don’t forget hotels
  • No taxes on redemptions
  • Hotel awards are easier than airline seats

Using Miles & Points - Hotels

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  • Diversify
  • More options
  • Chase Ultimate Rewards, AMEX SPG,

Membership Rewards

Transferable Points

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  • Why collect Miles and Points?
  • Stuff nobody talks about
  • Earning Miles & Points
  • Using Miles & Points
  • Questions?

The Past 1 Hour

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Email: daraius@millionmilesecrets.com

www.Millionmilesecrets.com/2013/04/26/FTUDC

Email: mommypoints@mommypoints.com