Originally Posted by
Dr Jabadski
Not not a sin at all, I’m quite pleased with my 7 figure balances in multiple programs. Think outside of the box, judicious burning is head and shoulders above “earn and burn” as a basic strategy.
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I maintain that judicious saving was and remains prudent and brilliant, you should be commended for accumulating a healthy balance. Once you reach lifetime 1k you could start spending those miles and perhaps do as I do, having not spent $$$ on an airline ticket for several years.
your argument is not really right. cash can gain value over time if properly invested, while points dont. so as long as your investment returns outpace the inflation of air fare, then it will be worth it to burn those points rather than keep them. this is especially true since ffps devalue over time. you are also assuming status quo; e.g. partner airlines not reducing award availability over time, which is contrary to what we are seeing today, and demand for awards remaining the same, which is also untrue, and we are seeing more and more people fighting over the limited availability. for the latter, US based ffps are at an disadvantage as they can only book around 330 days out while other ffps can book around 360 days out. and i dont think i need to explain the benefits of cash over miles