Page 117 - Credit Matrix: The Path to Financial Liberation Red Contract
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7. **Growth and Repayment**:
- Aim for your crypto investment to grow 50-100% over the 6-week period,
starting from an initial $125 investment.
- Use the profits to settle your BNPL debts and reinvest the surplus back into
cryptocurrency.
8. **Rinse and Repeat**:
- The more gift cards you can manage and sell, the more funds you can redirect
into crypto investments.
- This cycle creates a continuous loop of credit building and investment growth.
#### Enhancement Through Automation
Enhance this method's efficiency by automating parts of the process:
- Set up automatic deposits from your bank account to your Cash App,
configuring the amount and frequency to match your investment strategy.
- Utilize Chime's "Move My Pay" feature to automatically transfer portions of your
deposit into the Chime Credit Builder account.
- On the crypto investment end, enable auto-recurring investment features on
platforms like Crypto.com to streamline the investment process.
#### Benefits of the Method
- **Credit Building**: Every transaction with your credit builder card positively
impacts your credit score.
- **Investment Growth**: Potential high returns on cryptocurrency investments.
- **Flexibility**: Scale the number of gift cards based on your capacity to manage
and invest.
- **Automation**: Streamline the process for consistency and efficiency.
#### Risks and Considerations
- **Market Volatility**: Cryptocurrency investments are subject to market risks and
volatility.
- **Repayment Obligations**: Ensure timely repayment to BNPL providers to
avoid penalties.
- **Resale Value**: The resale value of gift cards can fluctuate; it’s crucial to
secure a reliable resale avenue.
This method, with its blend of credit building and investment, offers a unique
approach to financial growth. As with any financial strategy, it’s essential to
assess the risks, stay informed about market trends, and manage your
investments responsibly.”