Bored waiting for a new 0% deal

frequent

when is someone going to challenge Cap one's 18 month deal ?

The big players must of lost some market share and have not responded (yet)

Current stooze pot is £25,000 (yes ok i no its peanuts compared to you pro guys but ok for a 1st time tart)

HSBC 9 month offer is the latest but thats nothing new so who reckons who will do what ?

ING don't advertise a card but given they probably have a huge "stoozers pot" they could do a great 2 year deal..just an idea ;D

Don't suppose the people that work at credit card companys read this site by any chance ?

deemy2004

I'm waiting for the conversative 4 year 0% interest card

Well they need something to entice people to vote for them !

Shinds

U know what I'm bored too.

I don't know what to spend this FREE money on

robnye

barclaycard 0% for 12 months

see reps in lakeside shopping centre in thurrock

frequent

Demy..4 years great idea, what a compound stooze that would be ;D

Shinds re free money

Have you read Rich Dad Poor Dad by Robert T. Kiyosaki ?

The basis is on creating income producing assets.

A stooze pot can be considered as such.

You put the credit card money into a high interest account ( the interest being the income from the asset).

Spending the money is outof the question.

say you wanted to buy a nice car that costs £250 a month in payments and £50 to run.

You need an income producing asset that generates £300 a month to pay for that car wihtout touching the original asset ( credit card money in this instant)

Think anyone who hasn't read the book really should as it is totally relative to money saving.

I've read the 2nd book to and it puts the 1st one into context from the ideal to practice prospective.

Robnye, Barc have already dontated to the "frequent stooze pot", but thanks for the pointer, that is the spirit of MSE I like ;D

Re Egg limit, got £2200 to £15,000 in 10 days but applying every 48 hours for £2500 raise at a time, tread careful and for heavens sake don't overstate your earnings because £40,000 works dandy fine ;D

frequent

Link for my suggested book read :

http://books.global-investor.com/books/13084.htm?ginPtrCode=21654&identifier=929bd9ac1485572411fafa0eb3b1a642

realaledrinker

say you wanted to buy a nice car that costs £250 a month in payments and £50 to run.

You need an income producing asset that generates £300 a month to pay for that car wihtout touching the original asset ( credit card money in this instant)

But what happens if you can't maintain your stooze pot or say the government crack down on 0% deals. How would you pay off the rest of the car loan you took out.

???

frequent

That is the point on not spendng the stooze money

You should ( in rich dads theory) put the interest into a stooze pot that is really interest generated from interest paid on the stooze pot.

EG if you had £100,000 stoozed with ing @ ing (5% do your own tax calculation !!)

100k * 5% = £5000 / 12 = £416.66 income so if your Porsche costs the same or more you can afford it without dipping into your income or savings.

Any stooze money that can be used to generate passive income ( spending an hour a month sorting out the d/d's doesn't count as work) is a contiribution to the income producing asset.

As a working example I have ABC accounts 1 2 and 3

1 is my own savings
2 is stoozed funds
3 is for the interest paid in abc account 1 and 2

Account 3 generates passive income as all I do for it is transfer interest paid from account 1 and 2 into 3 so 3 then generates it's own income

i hope this makes sense, reading the boo would really help.

as for credit card companies stopping 0 % deals..if you can tell them how to entice new customers then they would love to hear from you.

And as for the government, they receive billions of £'s in corperation tax per annum and a huge % is from the banks ( who very kinly sponser stooze pots so I like them alot ;D )

Even a select comittee has failed to get C Card co's to tow the line so I won't worry about them as stoozers are minority compared to pople who 1st don't read MSE and 2nd pay the heavy % for not reading MSE.

Smitty

In real terms your savings pot is decreasing due to inflation. Do you consider this at all?

Smitty

Im also bored at the moment. Got my stooze pot in cahoot 5.65%, but you don't see the interest until the end of the first 12 month period. Ive got all my minimum payments set-up on DD. I dont want to make anymore applications for a few months to keep my credit history in good shape... everything is ticking over, but i wish there was a next level of stoozing I could progress too..

smartsaver

I'm not bored due to Lloyds fiascos but could do without that kind of thing to keep me on my toes... I think there must be another level of stoozing.. With all the financial brains posting here we must be able to come up with something...  ::)

Mind you today Lloyds paid a credit of £1797.00 into our account from 'SA'. We've no idea where it has come from and neither has the bank.. Could it be compensation?? :P