How much do you make
Jun 9, 2014, 7:57 am
#91
Join Date: Apr 2012
Location: Uranus
Posts: 333
I'm willing to bet that on a probability-weighted basis, the time you spend with spreadsheets is far more than the time you would need to spend organizing receipts and figuring out needed info in the unlikely event of an audit
Jun 9, 2014, 8:30 am
#92
Join Date: Oct 2009
Location: Land of the parrots and parrotheads
Programs: Several dozen
Posts: 4,820
Jun 9, 2014, 9:03 am
#93
Join Date: Feb 2014
Location: PHL
Posts: 930
Jun 9, 2014, 9:20 am
#94
Join Date: Apr 2014
Posts: 303
Just going a bit off topic but the way I count my profits and earnings per hour is that I consider each 1k of MS'ing to be worth $40, based on a 5% CB card or equivalent value in points earned minus fees. Out of this $40, half of it is earned on doing the spending and the other half is on liquidating. So if I go and buy $2k in gift cards and then go to walmart and liquidate $4k by BP's, in the span of a half hour, I'll count that as $120 in profits ($40 from purchasing and $80 in liquidating).
Just interested in knowing how any of you count in a similar manner or with a different valuation for spending/liquidating.
Just interested in knowing how any of you count in a similar manner or with a different valuation for spending/liquidating.
Jun 9, 2014, 9:40 am
#95
Join Date: Jan 2014
Location: Minneapolis/St. Paul
Posts: 271
Just going a bit off topic but the way I count my profits and earnings per hour is that I consider each 1k of MS'ing to be worth $40, based on a 5% CB card or equivalent value in points earned minus fees. Out of this $40, half of it is earned on doing the spending and the other half is on liquidating. So if I go and buy $2k in gift cards and then go to walmart and liquidate $4k by BP's, in the span of a half hour, I'll count that as $120 in profits ($40 from purchasing and $80 in liquidating).
Just interested in knowing how any of you count in a similar manner or with a different valuation for spending/liquidating.
Just interested in knowing how any of you count in a similar manner or with a different valuation for spending/liquidating.
Another data point. When starting out with MS i was spending an hour per load/unload of $1000. My current setup allows me to spend less than 10 minutes per load/unload. My new policy is to avoid doing MSing unless it's already a part of my daily activities.
Jun 9, 2014, 10:21 am
#96
Join Date: Feb 2014
Posts: 511
She cheers me on to go faster now.
Jun 9, 2014, 10:50 am
#97
Formerly known as FTRox87
Join Date: Sep 2012
Location: TX
Programs: AA/US 1M, AS, BA, CX, EK, EY, JL, KE, LH, NH, OS, QF, QR, TG, UA/CO | *$G
Posts: 1,428
thus I gotta conclude, this game may not be for you 
Jun 12, 2014, 6:01 pm
#99
Join Date: Apr 2013
Posts: 584
Just going a bit off topic but the way I count my profits and earnings per hour is that I consider each 1k of MS'ing to be worth $40, based on a 5% CB card or equivalent value in points earned minus fees. Out of this $40, half of it is earned on doing the spending and the other half is on liquidating. So if I go and buy $2k in gift cards and then go to walmart and liquidate $4k by BP's, in the span of a half hour, I'll count that as $120 in profits ($40 from purchasing and $80 in liquidating).
Just interested in knowing how any of you count in a similar manner or with a different valuation for spending/liquidating.
Just interested in knowing how any of you count in a similar manner or with a different valuation for spending/liquidating.
Today I accidentally did a rapid reload of my Emerald card with my emerald card. $3.74 of stupidity down the drain and an additional $20 opportunity loss by my definition.
Jun 12, 2014, 6:16 pm
#100
Join Date: Nov 2009
Posts: 1,058
Is AFT even worth it? There is a load fee, the you need ATM to cash out. The AFT thread says the fee is effectively 1.3%, wouldn't it be cheaper just to get VGC?
Jun 12, 2014, 6:24 pm
#101
Join Date: Dec 2011
Posts: 253
This is my calculus:
4% portal cash + 2% cash back with Capital One card minus 1% liquidation fees = 5% profit. I order $5K in AGC every other day or so, so right now doing about $750 per week in profit. On average it takes me a half-hour or so to liquidate each $5K.
4% portal cash + 2% cash back with Capital One card minus 1% liquidation fees = 5% profit. I order $5K in AGC every other day or so, so right now doing about $750 per week in profit. On average it takes me a half-hour or so to liquidate each $5K.
Jun 12, 2014, 8:04 pm
#102
Join Date: Apr 2014
Posts: 303
It's all just for fun, but I count the profit only on the liquidating. For me that is the the limiting step, the most nervous step, and the step most likely to go wrong. There are other steps too, involving going to the bank, filling out forms, and moving money around at home.
Today I accidentally did a rapid reload of my Emerald card with my emerald card. $3.74 of stupidity down the drain and an additional $20 opportunity loss by my definition.
Today I accidentally did a rapid reload of my Emerald card with my emerald card. $3.74 of stupidity down the drain and an additional $20 opportunity loss by my definition.
Jul 2, 2014, 6:45 pm
#103
Join Date: Jan 2014
Location: Chicago, IL
Programs: Southwest CP, SPG Gold
Posts: 14
I much prefer techniques like this that aren't time consuming or a hassle.
I have a US Bank and Chase within a couple blocks from me so I'm also doing 12k/month with Buxx.