4:28How To Earn Cash Back & Travel For Free With MyPoints (Travel Hacking) | My First Million Podcast
From My First Million · Published Jul 5, 2020 · Watch on YouTube
TL;DR
The video discusses MoPoints, a course and consulting service by Sean’s friend Mo that teaches business owners how to maximize credit card points and cash back. Sean shares that by putting large business expenses (like AWS bills) on a personal card, he earns ~$100k/year in tax-free cash back, and others earn up to $350k/year.
Key insights
- Cash back earned from credit card spending is "in most cases tax free," which in a high-tax city like San Francisco is equivalent to a $180k salary for $100k cash back.
- Sean earns 300,000-400,000 points per month, which translates to 1% cash value (so $3,000-$4,000/month or ~$36,000-$48,000/year based on his $1M spending; he later says $100k cash back on $1M spend, w
- One entrepreneur with a flower company earns $350,000 in cash back income per year from credit card spending.
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