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Afford Anything

How To Travel For (Almost) Free, with Chris Hutchins

Afford Anything

Paula Pant | Cumulus Podcast Network

Entrepreneurship, Business, Investing

4.63.4K Ratings

🗓️ 24 August 2022

⏱️ 75 minutes

🧾️ Download transcript

Summary

#398: Chris Hutchins is an avid life hacker, a financial optimizer and the host of the top ranked podcast “All The Hacks”, where he shares his quest to upgrade his life without having to spend a fortune. These passions have led him to being featured in a documentary on financial Independence called “Playing with FIRE” and collecting millions of points and miles. If you want to learn more about optimizing your spend so that you can travel with less of an impact to your bank account, you’ll want to hear what Chris has to say. Timing of discussion points as per August 2022: 04:13: Is travel hacking a good use of time? 08:15: What is the simple path to optimizing spend? 09:108: Why focus on one rewards program? 10:46: Why are there recommendations for transferable point programs and what are the benefits of co branded cards? 18:08: How can the value of points or miles be estimated? 22:08: Is the best redemption value in booking business class international flights? 32:34: How do you know the best flight to book for optimal redemption? 37:00: What is the difference between airline miles and credit card points? 38:25: What is a “positioning” flight and how do I utilize this strategy? 47:42: What is the process for choosing flights based on reward redemptions? 57:15: What are the best ways to boost an existing points balance? 1:02:12: Discussion on credit cards with crypto rewards… 1:04:17: Tips for those who want deals but don’t want to work with miles or points… For more information, visit the show notes at https://affordanything.com/episode398 Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

You can afford anything but not everything.

0:11.7

Every choice that you make is a trade-off against something else and that doesn't just

0:14.8

apply to your money.

0:16.1

That applies to your time, your focus, your energy, your attention to any limited resource

0:22.1

you need to manage.

0:23.5

Saying yes to certain opportunities implicitly means turning away others.

0:29.0

And that opens up two questions.

0:31.0

First, what matters most?

0:33.0

Second, how do you align your decision making around that which matters most?

0:39.3

Answering these two questions is a lifetime practice.

0:42.0

And that's what this podcast is here to explore and facilitate.

0:46.0

My name is Paula Pant.

0:47.0

I'm the host of the Affordable Care Foundation.

0:49.5

Today we speak with Chris Hutchins about a topic that we have never covered in the six

0:56.4

years that we have run the Affordable Care Foundation podcast.

0:59.0

We have never dedicated an entire episode to optimizing credit card rewards.

1:06.1

Travel rewards, mileage, cashback.

1:09.3

Some people refer to this as credit card hacking or travel hacking.

1:13.0

The financial independence community tends to have a lot of Venn diagram intersection overlap,

1:20.6

shall we say, with the travel hacking community.

1:24.5

Sometimes people who are interested in fire are also interested in optimizing their credit

1:32.2

card spend so that they can get the most of cashback offers, airline mile offers, airline

...

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