$10,000 WI-Fi Money, 1 year, Zero Excuses.

*Not Financial Advice*

***NOTE*** This was one of the first posts, and it’s best to start with the Q3 plan instead and ask questions in the Slack Group before diving in.

Below, I’m going to outline a step by step process for *anyone* to generate a bonus $10,000 USTT their twelve months of credit card churning/Manufactured Spending.  Will it be easy?  Actually, yes.  So easy in fact that the first paid substack who earns $10,000 USTT through this process and sends me proof?  I’ll personally coach them throughout the rest of the twelve month period to get to $25,000 USTT.  That’s right!  Calls, twitter DM’s, etc, I’ll help you hit $25K for free and from there, the sky is the limit.

I’m offering to provide the first paid substack subscriber that generates $10,000 USTT from the below process, free coaching until they clear $25,000 USTT.  

While it’s possible to hit this target via organic spend, it is far easier and more efficient to hit it with manufactured spending (MS).  Easier to spend $20K in a day and get that back in your bank account in 3 days, then slowly hit each spending target with everyday spend.  The free sub will outline the general plan, best credit card products, and current offers / noteworthy news.  The paid sub will focus on couch MS: a way to quickly hit minimum spends and generate profits.  In the next few weeks, the paid sub will have the below info with a step by step manufactured spending plan to easily hit the $10K goal.

The people in this hobby that will be most successful will take calculated risks, MS hard, and not be afraid to open many credit cards.

There are many ways to make lots of money with this, the main goal is figuring out a plan to spend lots of money, while getting that money back in your bank account ASAP.

1st Card: Chase Ink Cash (business card)

    -Minimum Spend $7,500

    -Sign up Bonus $750

    -Annual Fee $0

    -MS 5X bonus for $25,000 category spend $1,250

    -Profit=$2,000

2nd Card: Citi Double Cash

    -Minimum Spend $1,500

    -Sign up Bonus $200

    -Annual Fee $0

    -Can use other credit cards to pay off citi balance (no fee) while generating rewards (covered in paid substack)

    -Profit=$200

3rd Card: Amex Schwab Platinum (requires schwab brokerage account (easy to get)

    -Minimum Spend $6,000

    -Sign up Bonus $1,100 (with Schwab cashout)

    -Annual Fee $695

    -Net Annual Fee ($200 in uber credit annually, $200 flight credit (can buy United giftcards for later use) = $295 Net Annual Fee

    -Profit=$805

4th Card: Second Chase Ink Cash (business card)

    -Minimum Spend $7,500

    -Sign up Bonus $750

    -Annual Fee $0

    -MS 5X bonus for $25,000 category spend $1,250

    -Profit=$2,000

5th Card: Chase Sapphire Preferred

    -Minimum Spend $4,000

    -Sign up Bonus $600

    -Annual Fee $95

    -Profit $505

6th Card: Amex Gold

    -Minimum Spend $4,000

    -Sign up Bonus $990 (with Schwab Cashout)

    -Annual Fee $250

    -Net Annual Fee ($120 grubhub credit, $120 uber credit = $50 net annual fee)

    -MS 4X bonus for $25,000 grocery spend $1,100 (with Schwab Cashout)

    -Profit $2,040

7th Card: Citi Premiere

    -Minimum Spend $4,000

    -Sign up Bonus $800

    -Annual Fee $95

    -Profit $705

8th Card: Amex Business Platinum

    -Minimum Spend $15,000

    -Sign up Bonus $1,087

    -Annual Fee $695

    -Net Annual Fee ($200 airline credit (can buy United gift cards for later use) $189 clear credit = $306

    -Profit $781

9th Card: American Express Platinum (resy offer) (https://resy.com/amex-offers?date=2022-10-25&seats=2)

    -Minimum Spend $6,000

    -Sign up Bonus $1,375

    -Annual Fee $695

    -Net Annual Fee ($200 in uber credit annually, $200 flight credit (can buy United giftcards for later use) = $295 Net Annual Fee

    -MS 10X category for $25,000 restaurant spend $2,750 (with Schwab Cash Out)

    -Profit $3,830

Total Profit: $13,172

FAQ and tips

-Always pay your credit card off in full every due date!  Have a plan to make sure you can pay it off, NEVER CARRY A BALANCE AND PAY INTEREST

-Always make sure the sign up bonus matches what you expect as you apply for the card.  Things change all the time, so best to read each step along the way and make sure you are actually getting the sign up bonus you expect.

-Can I apply for a business card without a business?  Chase/Amex are very lenient when it comes to applying for business cards.  Do you sell baseball cards online, babysit?  Do anything that earns additional money?  Chances are very high that you already have a business.  Just put sole proprietorship, and you can use you SSN as your EIN.  

-What is Chase Schwab Cash out?  Chase Schwab Cash out allows you to redeem Amex points as cash in your Schwab brokerage account at a 1.1 rate.  (eg 100,000 MR would be able to be cashed out at $1,100)  

-What about paying the annual fee next year?  I would keep every card listed above with the exception of the Amez Biz Platinum and the Amex Resy Platinum.  Before canceling, I would chat Amex to see if they have retention offers.  Usually they’ll give pretty good offers ($300 after $3,000 in spending, or sometimes waive the annual fee entirely).  

Part 2 to come shortly

Disclaimer: None of this is to be deemed legal or financial advice of any kind.