Hyder A., Author at Finance Throttle

Making more than $10,000 per year in bank bonuses

Post author:Hyder A.
Post published:January 3, 2021

I recently stumbled on the concept of making money with bank bonuses. Many different banks offer you referral bonuses or sign-on bonuses when you setup a recurring deposit or deposit a certain amount of cash. This is their way of attracting new customers. These bonuses range from $50 to as high as $1000 with most of them being offered at $250 or less. It turns out some finance-savvy people spend the time to investigate bank bonuses throughout the United States,…

How I got a free Volkswagen GTI for a year

Post author:Hyder A.
Post published:January 2, 2021

When I was 15 years old, one of my favorite cars was a 1996 Volkswagen GTI VR6. I wanted that car to be my first car so badly as they were going for $5000 at the time. My parents could not afford to buy me one and instead gave me a 1996 Mazda Protege for 1/4th the price. It wasn't until I was 21 years old that I saved enough for money for my own first car. My top three…

Saving for college with a 529

Post author:Hyder A.
Post published:December 31, 2020

With rising tuition costs, more and more people are finding it difficult to afford an education, especially for those in the low and middle class. Every year, the number of people who skip college is increasing. Those who don't get scholarships and attend private school are ending up with a 10-30 year student loan payment term that rivals a mortgage payment. Luckily, each state offers a 529 triple-tax advantaged education savings account. The money you contribute to a 529 is…

8 ways to maximize your earning potential as a landlord

Post author:Hyder A.
Post published:December 31, 2020

Want to become a real estate investor? Real estate investors invest in properties to make money, however many beginner investors fail and never see their returns. Here are 8 ways to maximum your earning potential and reduce your risks as a landlord. Find upcoming markets - This is one of the most difficult tasks in becoming a real estate investor. Find an area in development with a young professional demographic. These areas typically have low cost properties that charge high…

Yotta Savings – Save for a chance to win up to $10 million every week

Post author:Hyder A.
Post published:December 30, 2020

Yotta Savings is a no fee lottery inspired savings account that gives you the chance to win up to $10 million every week. Americans spend billions of dollars on the lottery each year, yet 40% of American's can't afford a $400 emergency expense. Yotta Savings was created as a solution to allow you to play in a lottery while you save. Yotta Savings gives you a lottery ticket for every $25 you save, encouraging you to save up money. In…

6 hacks in limiting your child’s TV time

Post author:Hyder A.
Post published:December 30, 2020

Growing up in the 90's, TV's are were more expensive, Youtube didn't exist, social media didn't exist, apps didn't exist, it took 5 minutes to load a webpage and up to 24 hours to download 1 song on Napster, Nokia was the most popular phone, texting was a rarely used feature as smart phones did not exist, and children went outside to play with their friends. With a room full of toys, all my 4 year old daughter wants to…

$10,000 Porsche Cost of Ownership

Post author:Hyder A.
Post published:December 29, 2020

Yes I know there is a recall on these Harbor Freight Jack Stands. If you are a fan of Top Gear, you may have watched the cheap Porsche challenge where they buy 3 Porsche's for under $5k. While buying a Porsche under $5k is probably not a smart idea, a $10k Porsche isn't that bad. Keep in mind that I have done 90% of the work myself. If you are not hands on, add labor costs on top of everything.…

6 exceptions in withdrawing your Roth IRA money EARLY

Post author:Hyder A.
Post published:December 28, 2020

A Roth IRA is a retirement savings account. Unlike a 401k, Roth IRA contributions are not tax-deductable, however earnings can grow tax-free. To withdraw your money from a Roth IRA retirement account without paying the tax or 10% penalty, you must: Withdraw money after age 59½.Withdraw money after you have held the Roth IRA account for at least 5 years. Younger than 59½? Withdraw money for one of the following exceptions:Can withdraw up to $10,000 for a first-time home purchase. Can withdraw…

I made over $21/hr with DoorDash

Post author:Hyder A.
Post published:December 28, 2020

At the height of the 2020 COVID-19 Pandemic, thousands of people were laid off or furloughed. Some jobs were permanently replaced as businesses strategized ways to stay open. Fortunately for me, I was only furloughed for 2 weeks. During that time, like many Americans, I decided to fill in the income gap by joining the gig economy. I joined DoorDash, a food delivery app that is similar to other gig economy companies like Uber, Lyft, GrubHub, PostMates, and InstaCart, to…

I bought a Porsche at 21!

Post author:Hyder A.
Post published:December 28, 2020

When I was 16, the 2006 Porsche Cayman S was just revealed. It instantly became my ultimate dream car. From the moment I received my driver's license, I told all of my friends and family that the first car I will buy will be a Porsche. I worked several part time jobs, starting with JiffyLube earning $7.50 per hour, then later Autostrada, a specialty and collector car dealership. After being laid off due to poor sales, (the company went under…