ibneko: (Default)
Balance Transfers to savings account to earn money ramblings )

Oh, yeah. I did post about this previously. If you missed the post, here's a step-by-step post by someone else that shows what I'm planning on doing: http://www.mymoneyblog.com/how-to-make-money-from-0-apr-balance-transfers/

(In short, request a balance transfer from a new card - it's like a loan, but with 0% interest for a set amount of time. The balance transfer is applied to a card, or you get a check. Move the money to some high interest savings account* and let it accrue interest. When the 0% set amount of time ends, pay off the card and rejoice in the interest you have earned without spending a dollar. Supposedly.)

*we recommend INGDirect or HSBCDirect, both online banks. INGDirect has quite possibly the best banking/financial website I've had the pleasure of using... but I digress. If you want to open an account at the former, tell me, and I'll refer you. You'll earn a bonus as will I~
ibneko: (Default)
Shown Mon. Dec. 18, 2006. [news]

Parts I and II up on torrents everywhere. Hmmm.

Cleaning Compendium. Goes (IMO) overboard with the cleaning, but eh, I'm getting pretty good quality raw scans. I think.

Shishi Odoshi: (aka, That Thing That Goes Doink)
...instructions for making one. To do. Maybe. Mrrrr.... time and materials...

The recommended Cocoa programming book. To find:

Abusing 0% APR-for-a-year balance transfers to earn money using credit cards. I don't think I can get a big enough card to really do this yet, but apparently my dad's done it before. And so have many other people... Interesting. (Essentially, you use the free "loan" of money from the credit card companies to earn interest at a high interest savings account, like ING Direct or HSBC, and return the borrowed chunk at the end of the year. It nets you around $250-500, depending on how much you put in, and the service fee for doing a balance transfer.)

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