First time writing up a post on here in a while. Need to get back into the habit. My winter break just ended and I’m writing this while at work. I spent the break working out a lot, both weights and cardio, as well as hitting the pool as many times as I could.

I didn’t spend a lot of time studying for the CPA this week, as I was trying to come up with new strategies to build my wealth and move from phase one of the project into phase two. My idea is based on securing cheap debt – using other people’s money to invest. This comes with the large caveat that I have an extremely stable job that I’d have to actively try to be fired to lose it, and I’m never borrowing more than I can’t pay off immediately, should the loan be called.

I was about to find some discussions on Reddit on what I was imagining, which people call ‘stoozing’, borrowing money off of 0% APR credit cards and using it to invest, then paying off the loan. The strategy I’m implementing this week revolves around using $2,000 of credit and essentially using it as a short-term (30-45 day) loan to invest. When it comes close to when I need to pay back the ‘loan’, I’ll either liquidate my position, or use my income, using one of the two to cover the loan. Depending on the outcome of the investment, this allows me for some room to allow for intended short-term investments to turn into long-term investments (long term capital gains will result in lower taxes when profits are realized). I’ll then be taking the profits from these investments from month to month and depositing them into my HYSA to earn some interest to work on building up larger cash reserves to be able to borrow more (and be able to cover the loans at any time). This allows me to be both earning interest on my own money, while also using other people’s money to invest and grow my cash reserves.

‘Stoozing’ should allow me to grow my portfolio at a slightly faster rate for the time present, but this small amount will compound and make a significant difference in later years. This is all part of my plan to be able to move onto Phase 2 of the project as soon as possible.

In other aspects of the project, I’m starting to use Google Calendar more and more, allowing myself to mark down and remind myself of important things that are to occur each day. Eventually I’d like to be such a polymath that I have fun and interesting events happening each day. Right now my calendar mostly exists of small financial events that I need to keep a close eye on or make decisions on.