Month: April 2020

💥💥 How I made an extra $700/week in US Navy RTC Boot Camp 💥💥

💰💰2 Free Stocks valued up to $1,400 👉 https://www.stevencarlson.show/@WeBull

📔📔 America Hijacked: How Deep State Actors from LBJ to Obama Killed for Power and Money
👉 https://amzn.to/2BWQ97T

It was the summer of 2002 and I was in Navy RTC, from the moment I stepped my foot off the white buses into Camp Moffett, it was a huge cultural shock for me.

As I am sure you can guess bootcamp is very restrictive; you are told what to do, and when to do it and you are not allowed any candy, soda, cigarettes, etc.

I have always been an entrepreneur at heart, looking to make a buck and in bootcamp I found the perfect opportunity to make an extra $500 cash per week, adjusted for inflation 18 years later that is about $700 in 2020 dollars.

Very quickly I learned how things worked at bootcamp and found a little loophole in the security.

To make this very long story short, at the time, recruits wore one type of uniform referred to as utilities and graduated sailors wore their working whites.

I discovered if I put on my working whites uniform, the MAA which is the Navy’s version of Military Police, would let me walk right out the main gates of boot camp, and I could walk right into the gates of the main naval base down the street.

From there I could go to the Navy Exchange, purchase whatever items my fellow recruits wanted and smuggle it back into bootcamp. Selling each item at a hefty profit. Of course, getting caught would be very bad, in fact, I did get caught, and it is a very funny story how, while being honorable and accepting my punishment. I was able to use my wits to reduce the outcome of my punishment, but that is a story for another video.

Sound off in the comments below and tell me how brilliant or stupid my actions were, of course, I know I wasn’t the first to figure this out, and I sure as heck wasn’t the last.

For any of you that think you will be cute and do the same. I’ve heard the Navy has locked things down much more, so new recruits may not have the same abilities to wonder on and off the base as we did.

Now for those of you that have stayed, here are some tips to maximize your finances while in boot camp. This works for Navy, Air Force, Army, Coast Guard, and Marines.

Depending on your contract you will enter bootcamp at a paygrade of either E1 through to E3 and current 2020 military pay grades show you will earn between $1,600 and $2,000 per month. Of course, the military takes almost all of your first paycheck to cover “personal items” you are issued like shampoo, razors, tennis shoes, etc. Excluding this first paycheck, you are paid at least $50 per day for a 30 day month.

With this $50 a day I suggest you take at least $10 per day, preferable if you can take $16 per day and allocating this to a Roth IRA. At the end of your 6-year commitment to the US Military you will have invested $42,000 towards your retirement, even better, based upon historical averages of 7% growth per year you will actually have almost $52,000. That is $10,000 for free.

That is only the beginning. If you continue this until age 60 you will have invested just under $250,000, but and here is the great part . . . your investment will be worth approximately $1.4 MILLION.

This isn’t even the best part of the advice. Throughout the years you paid your normal income taxes on the $250,000 each year, the remainder of your $1.4 million is tax-free courtesy of uncle sam.

For more details on exactly how a Roth IRA works, check out my video on IRAs. The link is in the description box.

Now back to how to make this work for boot camp recruits. Prior to leaving for boot camp I highly recommend you get a checking account and IRA setup. You can use any bank you wish, but I do recommend USAA or US Navy Federal Credit Union as they are able to offer additional benefits to military personnel.

Whichever you choose make sure you bring your account numbers and routing information for both checking and your IRA with you to bootcamp.

There are VERY FEW personal items you can keep with you, but they will let you keep your banking info on a small piece of paper.

Then on one of the first few days of boot camp, they will sit down with you to get that information so your paychecks are direct deposited correctly.

Once you setup your direct deposit, it will be automatic and you do not need to worry about it. Get back to focusing on training and finishing Boot Camp.

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In closing a quick statement: I am not a lawyer, CPA, tax advisor, realtor, financial advisor, etc., etc., I have absolutely no licenses/certifications in anything related to these industries, I am just a dude on the internet. So, in full disclosure: the information I provide here is for “entertainment purposes only” and you should seek counsel from competent and certified individuals if you have questions.

💥💥 How I made $1,200 in 1-hour 💥💥

💰💰2 Free Stocks valued up to $1,400 👉 https://www.stevencarlson.show/@WeBull

💰💰 Chase Link https://www.stevencarlson.show/@ChaseChecking

📔📔 America Hijacked: How Deep State Actors from LBJ to Obama Killed for Power and Money
👉 https://amzn.to/2BWQ97T

My first step was to go to Chase Bank’s website (https://www.stevencarlson.show/@ChaseChecking) and request a promotional code, a link is in the description below.

Sadly, this part only works if you are not an existing Chase Bank customer, if you already have a banking relationship with them you are not able to take advantage of this program, but do not worry, stay to the end of the video as I still have additional tips that work for you.

Additionally, many other banks offer very similar programs, like TD Bank, etc. Check with your local bank as they might be able to match or even beat this promotion from Chase.

Once you have your Chase promotional coupon code, you have two options. You can go to your local Chase bank branch location or open your account completely online.

Chase offers you $200 to open a new Chase Total Checking as long as you set up a direct deposit from your employer.

After you open your account make sure you follow ALL OF THE RULES to get your bonus and to avoid monthly service fees. If you go in person they will give you a printout showing you exactly what rules you need to follow. Make sure you read this carefully as they may have changed the rules after I made this video.

For me, the rules were simple. I must make at least $500 in total payroll direct deposits each month during the first three months. After three months they will automatically deposit your $200 into your checking account in about 2-weeks.

It is also important that you avoid their monthly service fees. You can do this by either #1 maintaining your direct deposits of at least $500 per month, or #2 keep a daily balance of at least $1,500 in your checking.

There is also technically a third option, if you are current or prior US Military they waive the monthly service fee. NOTE: the military waiver does not wave the direct deposit requirements to get your $200 bonus, only the requirements to keep the account service fee-free.

For me, it took about 20 minutes to get my personal accounts setup, so now you either have made $200 or $350. Not bad, but we still have more money to make.

Chase also offers a $500 bonus for opening a business checking account. This is very similar to the personal account process. You need a coupon code (link below in the description), but here you need to make a deposit of $2,500 and maintain that for 90-days, plus you need to make at least 5 “qualifying transactions” – these can be using your debit card, using the mobile app to scan deposit checks, etc.

You will need to bring your business formation documents, usually an Articles of Incorporation or an Operating Agreement for an LLC, and your Federal Tax EIN number.

But what if you do not have a business? Well, you should, but no worries, it is a pretty easy process.

Should I make a video showing you how to start your own business in less than an hour? If so, comment below and I will.

Back to the Chase promo. They also offer a bonus for opening a business Ink credit card as well. This is an additional $500 bonus.

Collectively opening all of my Chase accounts took about 45 minutes, most of the time the Personal Banker was typing away at his computer. While I sat there I did one last thing to make another $15 and this is a bonus tip that works even if you do not want to open Chase accounts.

I opened a Webull stock trading account on my iPhone. Once my account was set up and funded they gave me two free stocks.

In my case, my two free stocks were 1-share of Investors Bancorp a bank located in New Jersey, this stock is up almost 1% already. The second stock was Groupon, sadly in this case the stock is down about 2% this week, but that is all part of the stock market game. Either way, both stocks were totally free!

The stocks they give you are randomly selected and value between $2 – $1,400 each. Maybe someone with more luck than me will get more than $15.

⚠️ ⚠️ ⚖️⚖️
In closing a quick statement: I am not a lawyer, CPA, tax advisor, realtor, financial advisor, etc., etc., I have absolutely no licenses/certifications in anything related to these industries, I am just a dude on the internet. So, in full disclosure: the information I provide here is for “entertainment purposes only” and you should seek counsel from competent and certified individuals if you have questions.

💥💥 Top 5 Credit Cards for College Students in 2020 💥💥

💰🆓2 Free Stocks valued up to $1,400 👉 https://www.stevencarlson.show/@WeBull

📔📔 America Hijacked: How Deep State Actors from LBJ to Obama Killed for Power and Money
👉 https://amzn.to/2BWQ97T

In this video, we are going to go over the top 5 credit cards for college students in 2020.

Some of the cards I will go over today give between 1-10% cashback on eligible purchases, but that is completely useless if you keep a balance on the cards and pay 15 to 25% or more in interest.

As long as you pay the full amount before the due date, you will pay no interest, and you still get to take advantage of all of the rewards programs credit cards offer.

You also get the added benefit of building your creditworthiness, which will help you when you go to purchase your first house, lower your car insurance premium, and so much more.

It may even improve your odds of getting a more lucrative job, yes, that is right. Some industries will run a credit check on you during the interview phase, and if you have bad credit this could be a disqualifying factor in hiring you.

So now that we have cleared that up, as a first-time credit card holder, what should you look for?

Most important in your first few cards is no annual fee, remember part of your overall credit score is calculated on how long your credit history is.

So it is best to keep your credit cards open for years or decades if possible. Cards with high annual fees are hard to justify keeping for 10-15 years. A card that has no annual fee is easy for you to keep open even after you “out-grow” it for your daily use.

Before we get to the list, please hit the like & subscribe buttons. Doing so helps so much with the YouTube algorithm to show this video to more and more people. Thanks, and now to the list.

✅ #5 State Farm Bank Student Visa Credit Card

✅ #4 Citi Rewards+ Student Card

✅#3 Journey Student Rewards from Capital One

✅ #2 & #1 Discover it Student Cash Back Card and the Discover it Student Chrome Card.

These cards are by far my favorite cards for those just starting to build credit.

The Cash Back card offers 5% cashback on everyday purchases in a rotating category each quarter like grocery stores, restaurants, gas stations, select rideshares, and online shopping. The only downside is they limit your 5% to a specific category like “dining” or “fuel,” which may limit your reward protentional. Then all other purchases get outside that bonus category gets 1% cashback automatically.

So if you spend most of your money in one specific category, then the 5% may be best for you.

If you do not want to be limited to a specific category, you may be better off with the Student Chrome card. You will lose the “5% bonus”, but what you lose there you gain by doubling all other purchases to 2% instead of 1%. All without keeping track of categories.

Whichever card you choose, Discover will DOUBLE your cashback rewards for the first year.

Plus, if you are a good student and keep your GPA above 3.0, they will give you $20 statement credit each year for a maximum of 5 years.

Like all other cards on this list, there are no annual fees. Unlike some of the others, they give you a one-time forgivingness on the first late payment. But we know you will NEVER be late on your card payment, right! Right?

You can even monitor your FICO score free of charge with this card via their online portal.

Then to top all this off you get 0% APR for your first six months, then a variable APR starting at 19.49% Of course, because you are never leaving a balance on the card you SHOULD NEVER PAY INTEREST ANYWAYS.

The only downside is fewer merchants accept Discover than VISA or Mastercard, but aside from that, you cannot go wrong with this card.

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No matter which card you choose as your first credit card, make sure you follow the requirements to maximize your reward points. Some cards require you to charge $3,000 in the first three months; others do not. Just pay attention to the rules.

Of course, as I said at the beginning of this video, only charge purchases that you can afford to pay off at the end of each month and DO NO CARY A BALANCE.

Use your card responsibly and after three months, request a credit limit increase on your first card and then apply for a second with another bank. Repeat this process every 4-6 months and watch your credit score build quickly to 750+

If you found this information useful please like this video and subscribe to my channel, it really helps with the YouTube algorithm.