Parents have been influencing and planting positive ideas of money investment since Kenny was little. Kenny says that his father taught him to remain good relationship with banks, to apply credit cards and small loan regularly to build credibility. Kenny has once created ten bank accounts for himself, ‘’ I can see through-roughly which is more suitable for me to stay long term relationship with also this also is a way of diversify investment.
Kenny has his own way to manage his credit cards. He will make notes to remember the cut-off day and the day that can reward the most bonus of each credit card.
Kenny points out that, do not rely on cash back and gift redemption. The most beneficial redeem is to purchase a economy flight ticket, then to upgrade it to business class with miles. If to redeem a round-trip airfare to Australia, 35000 points can be used as twenty thousand dollars, equivalent to nearly 5% rebate when normally can just get 1% rebate. This can help to remain Marco Polo Diamond membership also could be upgrade to first class.
Moreover, Kenny also would apply the similar method to get the best benefits via memberships. ‘’ Hotels that are under the same group, accumulate total 25 or 50 check-in, you can maintain the diamond membership, to upgrade the rooms of three or four class. Meaning if I stay in the top room of four different hotel for four nights will need to spend fouty thousand, now I will only need to pay eight thousand.’’ Kenny explains.
Kenny will also apply on consumption in malls, he must get free parking, he says ‘’ I deserve this, if I can save $90 which equal to 5% rebate, why not?’’ He also will bring his own bottles to dinner to save the unnecessary spending, also he will order seafood from suppliers which must be cheaper than ordering in restaurants.