Episode of My First Million with Sam Parr and Shaan Puri.
Transcript
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Kind: captions Language: en because they were spending like you know 3 million a month on AWS something crazy okay couple things I thought were interesting one you use you posted something about this thing called mode points what is that me yeah did you post something about moe points no what is no points it’s just I thought it’s your friend who’s doing it it’s basically like oh my friend yet lo yes he just launched it yeah Moe my friend Moe okay so what it is is yeah I was like what the heck I didn’t even remember the name my friend Moe helps people with points that’s funny he’ll love that we’re talking about so Moe points so Moe it’s my friend Moe him and Ramone grew up together in Moe’s from Afghanistan by way of where’s Ramon from Netherlands and then moved here and they used to have a business it’s shut down now so I could talk about it where they would buy and sell airline points and he became an expert on how to maximize points and so I’m getting into this now and so for example if there’s all these ways that you can like spending money on advertising on this on that you can maximize your points and fly for free forever for years and so he would teach me how to do it myself and I was like whoa don’t listen to a course and so that’s what it is let’s let’s let’s pick them out though is it moe points com Moe points com yeah I checked it out cuz I was pretty interested in this like in the same way that you want like a tax guy to help you save money on the back end you know whenever you do likes pretty significant credit card spending and a lot of times if you own your own business you can rack up a lot of spending on credit cards I hate going and figuring this stuff out I just feel like it’s a waste of my brain and it’s a waste of my time together like optimize my spending and buy points that I can travel free and all this stuff but I think no it’s valuable and so I was hoping to get like what’s the shortcut what’s the like you know either you do it for me or like what’s the 80/20 give me the few things I can do that will give me the highest return on my time and effort because I know I’m sort of wasting this opportunity and I don’t want to go I’m an expert in the stuff but if you’re an expert fantastic so I signed up for it oh great I make sure he knows so you know points are interesting I just got into him recently so I earn maybe 300,000 to 400,000 points a month and that translates to 1% of that in cash value so if I spent a million dollars a year I’m through my credit card which sounds like a lot if you’re just an individual and that is a lot if you’re an individual but your business that’s nothing I get 3,000 in cash back and so I know this one lady who’s got this flour company and she gets three hundred fifty thousand dollars in cash back income a year yeah that’s great I have a friend who he basically negotiate with his investors he’s like I’d like to pay the AWS bill for my company on my personal credit card and so he earned like whatever Amex double black platinum gold whatever it is like the highest tier for life three million a month on AWS something crazy and so like he’s like oh if I ever want to fly I fly first-class now I get like three equinoxes I get free this I get free that because that’s the person like the highest tier of Amex and he’s like yeah I got lifetime because during my company I just asked can I just put this on this card and keep that you know tied to my name and they didn’t and so and so that’s what most trying to do now it’s just like a course and hand hand-to-hand combat like consultation we’re trying to help people but that is kind of interesting to like log in to a portal and or like technology and it does it for you that is pretty amazing and and your transaction fee is either upfront fee or you take a you skim a little that is incredibly interesting you [Music] [Applause]