Oddly enough you are the first person to ask in 8 years even though I tell my story to everyone.
In 2013 my family was with verizon and back then to have a smart phone required having a $30-40+ data plan per phone. We were on an unlimited talk and text with 3 flip phones for $157 out the door. This doesn’t include my wife’s discount for being a state employee and $18 off. So, for general purpose I don’t include it.
In the first year we switched to republic wireless for 3 smart Moto X phones on the unlimited talk and text for $33.78 out the door.
That’s a $1478.64 savings our first year.
We were in the process of moving for a city to rural area and Verizon wasn’t very good and I had heard about the WiFi system from Verizon, hahaha. Yes, that’s right they tried to charge me $278 for a device that I could connect to my internet and pay for both so my Verizon phones would have talk and text in the rural area. Seriously
I invested my $1500 each year in my father-in-law’s apartment buildings that he buys from 2 million to 8. Now I obviously can’t afford to invest like him or even some of the other half a dozen investors, but I did what I can. The first year I saw 19% return on the money. That’s $285 or after my taxes a net of $223 a year. I have since invested every year on the day that the investment board meets to discuss selling, buying, refinancing and the plan for the next year. I’ve been able to invest $1500 since 2013 which is $12,000. Not much when you consider a car that doesn’t pay you anything. I’m averaging $1500+ net income a year from that one decision.
I have helped 9 other people during the 8 years either buying them a Moto series phone and or paying for a year on republic wireless for talk and text. Since then the affordable care act has made free phones very available so I don’t do that anymore.
Consider this though.
Let’s say that you don’t have any connections to an investment company.
Just putting $1500 in an online bank like Vio 0.57% or Ally 0.50% APR making $68 a year is still $544 after 8 years.
There are obviously plenty of better options for investment than the low ones at the bank.
A friend of mine tells me that I should start a blog and make money for my advice.
I usually respond with:
I’d rather share and see someone else do better.
USAA insurance company
(Limited to military and connected family)
Republic wireless only $13 out the door for talk and text paid in advance for a year. Or $17 with a gig of data.
Costco 2 years free warranty on electronics and 2 more free with the credit card use.
Google pixel 4xl (I’ve never had a better phone in 28+ years).
I’ll stop here