Could You Live off Credit Card Rewards Points? This man is. (VIDEO)
Posted: March 15th, 2010 | Author: Joe | Filed under: Debt, Economy | Tags: Bankruptcy, Credit Cards, Debt, Economy, foreclosure, UnEmployment | No Comments »Could you live off the rewards points and frequent-flier miles you’ve racked up on your credit card over the years? This man is. He’s a former executive from Southern California who’s become homeless since the bottom fell out of the economy in 2008.
He’s so far managed to keep his food bill to around $5 per day, and stays in hotels from Holiday Inns to Motel 6′s for the free breakfast and free Internet access.
It’s pretty amazing when you stop and think about it. He’s not entirely destitute, since he still drives a leased BMW and still has some savings, but it’s a testament to how far a person can stretch a dollar with a bit of creativity and the need to do so.
He’s gone from $120,000 plus bonus a year, living in a condo to bankruptcy, foreclosure and a keeping all his worldly possessions in a storage unit while he floats from hotel to hotel.
Click the image to view the video, compliments of KCBS.com.
