Tools That The Rich Are Using To Get Richer

Hi friends,

I think I've figured out the one of the ways how the rich are getting richer.

And it's through credit card. The essence in all this is that, the more you could spend, the more you're rewarded. But to spend more, you'll have to earn more.

We all know what a credit card is. We all know that with every purchase you made using a credit card, you'll get reward points. And that reward points are redeemable for selected goods and services. At this point, almost everyone has fairly easy access to it. Most if not all adults can have a credit card. But, where it makes a difference is, who could afford the higher tier cards.

These higher tier cards come with a lot more benefits compared to the general credit card. The benefits could even be several fold! The amount of cashbacks or bonus points collected could increase by two or three times more than the lower tier cards. And here's where bulk of the hacks that happen. If you could afford to overcome the threshold that the credit card company sets for you to own the higher tier cards, you'll be able to enjoy the higher benefits and hence, be richer.

The typical way that the rich are getting richer is by getting the bonus points or cashbacks on credit card signups. They usually comes with some caveats such as, you need to spend at least RM6K within the span of 2 months to get that bonus points. Or some even put stipulations like the expenses need to be more than RM80K per annum to avoid any fees and to continue using the credit card. 

With such high of a standard to meet in order to retain the credit usage, it's no wonder that only the rich could afford it. But the benefits would definitely outweigh the bad especially if the stipulations being set is already a fixed expenses you'll have to make regardless.

With this realization, at least now I know one of the tools that the rich are using to get richer.

Lets all strive to be wealthy together! Cheers friends.