023: Fly Free: Convert Miles into $20,000 Worth of Travel – Erik Paquet
WHAT WE DISCUSSED IN THIS INTERVIEW:
- The majority of your points come from using your credit card, not from flying.
- The best points for free travel using frequent flyer miles are "Transferable Points."
- The worst points for free travel using frequent flyer miles are "Fixed Rate Points."
- For the maximum value, spend your frequent flyer miles on flights, and sometimes hotel stays.
- The worst way to use frequent flyer miles is for online shopping, where point value can be misaligned with dollar value.
- Using frequent flyer miles means only paying airport taxes, typically $50 to $200 per trip.
- ... and more!
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I don't want to spoil too much from this episode because you really need to listen to it yourself to understand the whole concept. You will also be able to laugh at how poorly I have used my points in the past LOL. If you want to keep up to date with every new episode of The Expat Money Show, make sure you sign up for our newsletter below.Mentioned in this episode:
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Veritas Panama - Offgrid Community
After 17 months of bureaucracy, my partners and I successfully got our permits for Veritas Panama! This is the fully off-grid community we are building in the highlands of Panama. We have already started building the roads, subdividing the lots, installing the septic and water, and even installing solar panels, so everything is independent of the power grid! The site we chose is unbelievable; we are up at a flat plateau about a thousand feet up a mountain with incredible unobstructed views of the Pacific Ocean. To go to the beach, it is just 15 minutes down to the water. We have mature fruit trees on site, including these gorgeous 200-year-old mango trees and many other things, such as avocado trees, papayas, and delicious tropical fruits. You can find out more information and contact us at VeritasPanama.com But please be aware that there are only 100 home sites, and without even talking about this to the general public, a lot of the lots are already sold… So if you dream of living in a completely off-grid community, enjoying the beautiful weather, close to the beach, being food, water, and energy independent, and want to have like-minded and cool neighbours, people who respect...