Tentmaking Tips

Tuition prices are sky rocketing.

Add the cost of room and board if your child chooses to leave for college.

Books aren’t cheap either.

My oldest daughter is a Senior in High School & my youngest is a Freshman.

You can imagine that were talking a lot about college these days.

My girls are asking questions like, “Should we even go to college? If so, where should we go? And, if we go, what should we major in?”

If they end up choosing to go to college, it raises the question, is it hackable?

Turns out, it is.

I’ll share some of the hacks we’ve discovered & then I welcome you to email me any additional hacks you’ve used. I’d love to do more emails on this subject because it’s such a big financial commitment for families. Especially if you’re trying to keep your children far from student loans, which I certainly am.

Ok, let’s begin.

1. Dual Credit Classes - my oldest daughter is taking as many of these as she can. Me and my wife did
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Honestly, both are fantastic!

I recommend people start with Chase cards first because of the 5/24 rule.

But once you’ve maxed out your Chase cards, AMEX is a great place to go next.

While Chase UR points are still the most flexible in my opinion, AMEX MR points are a close second.

Unlike Chase, AMEX has cards like the Blue Business Plus card that get 2x on everything (up to $50,000 in purchases).

But unlike AMEX, Chase allows you to transfer points back & forth from your spouse.

Instead of choosing between them, I get both, but I prioritize Chase if I’m under 5/24.

And once you get an AMEX card, they’ll start sending you additional offers in your account.

I recently got an offer for up to 99 employee cards where they’d give me 15,000 MR points for $4,000 in spend over 6 months. Wow!

I went ahead and got 5 employee cards (they can be in your name) and plan to get 75,000 MR points in the next few months.

Also, AMEX right now has the ability to tr

This is especially concerning if their tentmaking activities don’t involve having a job at a church or company that offers a group health insurance plan.

This is a great question & certainly something many who have thought about tentmaking have had to consider.

Ever since I came off the payroll at our church, I had to find alternative ways to get health insurance for our family.

And it’s not as hard as you might think.

In fact, there are some “hacks” that could allow you to get health insurance even cheaper than if you were buying into a group plan. More on that below.

My hope is that this newsletter might begin to alleviate any fear you’ve had of finding health insurance apart from a group plan at your church/company.

Once I came off the payroll, I was able to work with an insurance agent to apply for my own group coverage with my real estate company. Since I had at least one employee, we were ab

We like that everyone can choose what they want & that you have healthy options as well.

The main problem is the cost.

As you know, if everyone gets a burrito or a bowl, for a family of 4, it can really add up.

4 chicken burritos = $8.90 x 4 = $35.60 + $2.94 tax = $38.54 x ~4 weeks/mo = $154.16/mo

Ouch!

It can add up, but it doesn’t have to.

We’ve come up with multiple hacks.

1. Kids Meals

   My 17-year old daughter often eats there with her friends & she recently told us that the kids meals have plenty of food and there’s not an age restriction.

   One night our family of 4 all tried the build-your-own kids meal & we loved it.

   It was only $5.50 each and it came with protein, two sides, chips & a drink.

   Plenty of food for us!

   That’s $23.82 including tax to eat out as a family of 4.

   $23.82 x ~4 weeks/mo = $95.28 per month for our family to eat weekly at Chipotle.

   Not bad,

   ...

In Texas, the broker’s exam has a 56% pass rate, so plenty of people have to retake it a few times to pass.

The test is 4 hours long and there is a lot of content to study.

I decided to spend some extra money on the one resource that made passing the initial real estate licensing exam a cinch.

An Exam Prep.

You have to pay extra for these resources, so I’m not sure if many people do it, but I’ve found it makes it so easy to study the pertinent information & pass the first time.

I bought the resource, studied the summaries, took the practice tests, and found the broker’s exam to be a breeze.

My advice is that if you’re studying for your real estate salesperson’s license or your broker’s license, spend the extra money to get the Exam Prep. It saves time on st

Chase was running an all-time high bonus on the Chase Ink Business Preferred card of 120,000 points & an all-time high referral bonus offer of 40,000 when you referred that card to a friend.

Our original plan was to get one card for me and one for my wife & then refer as many people as we could.

What we didn’t know at the time is that Chase would approve both me & my wife for TWO of the same card in a short period of time.

We just finished hitting the 4th welcome bonus, so here’s how all the points stacked up:

My wife referred me to the card = 40,000 points

We hit the welcome bonus on my 1st card = 120,000 points

I referred my wife to the card = 40,000 points

We hit the welcome bonus on her 1st card = 120,000 points

My wife referred me to my 2nd card = 40,000 points

We hit the welcome bonus on my 2nd card = 120,000 points

I referred my wife to her 2nd car

Everyone was unsure whether or not the merger would make it all the way through or if the Department of Transportation would object.

About a month ago, AMEX was offering a 20% transfer bonus on points transferred to Hawaiian Airlines, one of their travel partners.

Travel Hackers online were discussing whether or not Hawaiian Miles would transfer 1:1 to Alaskan Miles if the merger went through. Hawaiian Miles are not worth much and easy to earn, but Alaska Miles are very valuable and very hard to earn.

Alaska Airlines is part of the One World alliance, so you’re able to book American Airlines flights at great point redemption rates.

This potential merger provided an opportunity for Travel Hackers with many points to put some at risk by transferring to Hawaiian, hoping Alaskan would honor the points if the merger were to go through. But no one was sure, so it was definitely a risky play.

I

I reminded him that when I first started, I just focused on flipping a few houses in my own neighborhood.

It’s easy to wrap your mind around this.

It’s easy to find distressed houses because you drive by them regularly

And it’s also easy to build relationships with sellers who live near you.

Too often we overcomplicate flipping.

We start thinking about how to dial in the marketing, what marketing channels to use, and how often to send out marketing.

All of this is important and will come with time.

But, when you’re first getting started, the key is to keep it simple.

I spoke to another student last week who asked about forming an LLC, picking a name, setting up bank accounts, etc. All good questions. But I reminded him that when you’re just starting, none of that actually matters.

You can flip your first house without sending out marke

That is, finding ways to reduce the costs of our home by renting something out on our property.

In the last 2 homes we’ve lived in, we have covered all of our primary housing expenses just by renovating a garage space and putting it on Airbnb. This reduced our ongoing housing costs to essentially $0.

We moved into a new house last year and we’ve been trying to figure out how we want to “hack” it. Once you get used to not having housing expenses, it’s hard to go back to paying them. 🤣

We’ve had multiple options:

1. There is a large storage shed in the backyard that we could renovate.

2. There’s a separate wing of our house that we could wall off for guests.

3. We could build an additional small structure in the backyard.

But, honestly, we didn’t love these options for a variety of reasons.

That’s when we had an idea.

Unique Airbnb experiences are becoming more and more popular. An

My Dad used to say it tastes better when it’s free! 😂

I’ve recently entered the world of online meal kits.

Not so much because we didn’t like cooking, but just because it seems like they’re trying to give you great meals for almost nothing.

It saves on groceries & eating out.

Now you may be thinking, “Whoa! I thought those online meal kits were really expensive?”

They can be.

If you just subscribe to a single kit & get a delivery week after week, it really adds up.

But I don’t do that.

I’ve gotten two meal kits now.

The first kit was 3 meals for 2 people for free (retail at nearly $70). I only had to pay $11 in shipping. This was from Marley Spoon.

The second was 3 meals for 4 people for free (retail at nearly $120). I only had to pay $5 in shipping. This was from HelloFresh.

Lest you think they were just sending us cheap food, the first one had multiple steak dinners and the second box had high quality dishes as well.

Ok, so what’s the