The Money Mustache Community

Learning, Sharing, and Teaching => Ask a Mustachian => Topic started by: purple monkey on April 17, 2015, 08:05:54 PM

Title: Manufacture money and/or money arbritage
Post by: purple monkey on April 17, 2015, 08:05:54 PM

Hi,

I have already read the red card thread, but live too far away to get one.  Ebay is selling for $25.

Any other ideas for passive income by just transferring money?

TIA

Title: Re: Manufacture money and/or money arbritage
Post by: iamlindoro on April 17, 2015, 08:13:53 PM

No.  There is no "couch potato manufactured spend."  It's work.  It can be a little work, depending on options available to you, or it can be a lot of work, depending on those same options and how far you are willing to take it.

Also bear in mind that most effective MS methods have some incremental cost associated with them (activation fees, card purchase or reload fees, etc) so it is absolutely critical that you are getting more points or cash back per dollar of spend than you are putting in. 

If you don't want to spend the money required on the redbird, and the ensuing work going to/from Target frequently enough to make it worth it, MS is not for you.  Redbird is about as easy as it gets.

Title: Re: Manufacture money and/or money arbritage
Post by: Mrkineticz on April 18, 2015, 01:44:53 AM

buy the redbird card.. it far outweighs the cost of 25 bucks. its actually better for peole who dont have redbird in their state because target service desk dont really ask questions. its really easy to do it i was a bit nervous at first but after a couple loads its like second nature. I manufacture spend 10k a month on two cards plus monthly expenses
pros with redbird is that I can pay my car payment and my mortgage with it ... u gotta do the work to manufacture spend

Title: Re: Manufacture money and/or money arbritage
Post by: arebelspy on April 18, 2015, 09:05:36 AM

Quote from: purple monkey on April 17, 2015, 08:05:54 PM

Any other ideas for passive income by just transferring money?

Surprisingly enough, there's not a lot of people or companies that want to give you money for doing no work, or just clicking a button.

;)

Title: Re: Manufacture money and/or money arbritage
Post by: Bob W on April 18, 2015, 02:05:34 PM

Agree with are --  take a look at doctor of credit.com.    he'll show you how to earn 4k plus per year flipping around checking accounts and other various hacks all from your computer with about 50 hours work per year.