Page 116 - Credit Matrix: The Path to Financial Liberation Red Contract

Hack #12: The Crypto Gift Card Credit Builder Method

#### Overview
The Crypto Gift Card Credit Builder Method is a hybrid strategy that ingeniously
combines the principles of the gift card method with crypto investing. This
method not only fosters credit building but also leverages the potential growth of
cryptocurrency investments.

#### Steps in the Method
1. **Initial Purchase**:
- Acquire a $500 gift card, paying $125 upfront.
- Finance the remaining balance using Buy Now, Pay Later (BNPL) services like
Afterpay, Klarna, or Affirm.

2. **Payment Mode**:
- Use a credit builder card (such as Chime, Cleo, Cushion, or Grid) to make the
purchase, enhancing your credit building process.
- Optionally, amplify this step by linking the Super.com Visa card with your
chosen credit builder card for a compounded effect.

3. **Selling the Gift Card**:
- Resell the gift card at about 92% of its value, which translates to
approximately $400-$432.
- Utilize social media platforms or dedicated gift card marketplaces for the sale.

4. **Reinvesting the Proceeds**:
- Deposit the sales proceeds back into your bank account.
- Transfer this amount into your credit builder cards.

5. **Crypto Investment**:
- Use the funds on your credit builder cards to purchase cryptocurrency,
simultaneously building credit.
- Select a crypto coin of your choice for investment.

6. **Loan Repayment Timeline**:
- You have a 6-week period to pay off the BNPL loan.
- The strategy allows for multiple gift card purchases and sales, scaling your
investment potential.