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Make $400 per month on Reddit

Discussion in 'Making Money' started by TheExecutioner, Aug 27, 2016.

  1. TheExecutioner

    TheExecutioner Junior Member

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    The Executioner's
    $400 PER MONTH REDDIT GUIDE
    (MEDIUM TO HIGH RISK)

    Hi guys,

    I thought I'll share a simple method I have been using the last couple of months to generate $400 per month on Reddit.

    I don't spend much time on it. In fact it only takes about 3 hours a month once properly organised into a system.


    What you need:
    • A Reddit account with decent amount of karma
    • Microsoft excel
    • $100 start up money
    ***** OK, just a little heads up. This isn't a zero dollar method. You need to have some capital in order to get started and make initial revenue. Without money, you will not be making anything. *****

    METHOD

    The method is pretty simple. You simply loan out money to other redditors. There's a VERY PROFITABLE subreddit where people are willing to give you money.
    People may be struggling to pay the bills and payday is 2 weeks away. They are desperate to pay the bills and need the money. What are they meant to do?

    They simply borrow money.

    You may be thinking it's a big scam since they can easily just go to the bank and get an overdraft but that's not always the best solution. Banks charge exorbitant fees on their overdraft especially if it is unplanned.

    A better way is to simply borrow money from another peer and pay back within a couple of days at a lower fee. It's a win win for both parties.

    How to set it up:

    Before you begin, create an excel file and add 5 columns titled: Name, money borrowed, money being given back, profit, and paid.

    Once you have all these done, you should be able to start.

    Simply head over to /r/borrow on Reddit.

    Once there, you will see threads from people asking for money. Some of these have already been taken so you need to head over the "new" threads. You'll be able to see people asking for money on a regular basis.


    In fact, it is such a busy platform that there's new requests for borrows every 10 minutes or so. There's a lot of money to be made here.

    Check out the threads and see how much money is requested. For me personally, I go for the ones asking for $50 because the average amount I get is 20% interest so I make $10 profit per borrow.

    Once you choose someone, and lend them money, just dot it down in your excel file and keep track of when payment is due. Once payment is sent to you, just create a thread on the subreddit saying that they have paid you back in order to close the deal.

    TOP TIPS
    • DO NOT send money to new Reddit accounts
    • DO NOT send money to ones asking for $500+ unless you know their borrowing history.
    • DO check their personal Reddit page for karma, past comments and borrow history.

    That's all there is to it. It's just a case of borrowing money to people and getting your money back + interest.


    I cannot be responsible for any money lost. You need to do due diligence to make sure that the person you are lending money to can pay it back .

     
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  2. mirrorer

    mirrorer Jr. VIP Jr. VIP

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    LOL.
    That's damn illegal,especially in the USA & EU since you're not authorized to do so...

    Good explanation btw.
     
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  3. Dotte

    Dotte Junior Member

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    How much interest are you charging?
     
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  4. Lunaaa

    Lunaaa Elite Member

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    How to make money :
    Purchase a high karma reddit account for 5-10$
    Ask to borrow 400
    Easy money
    Rinse and repeat
     
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  5. uches12

    uches12 Regular Member

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    How do u send money, and how do they pay you back?
     
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  6. Malcolm Max

    Malcolm Max Regular Member

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    Never thought I would become a loan shark lol

    Thanks op for the knowledge :) I see some obvious risks here but will dig into this, still the risk vs reward doesn't look so good.

    You have any personal experience of not being paid?
     
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  7. jerocarson

    jerocarson Registered Member

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    Looks great, but the borrowers could easily disappear. What should we will be looking out for?..
     
  8. mirrorer

    mirrorer Jr. VIP Jr. VIP

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    Dude.
    Wake up. Technically you're acting as an financial institution/bank.The regulators will rape your a** if you get caught.

    They may not go after such small amounts but they do it once in a while to scare the mass,just like Google algos :p
     
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  9. Fakkard

    Fakkard Junior Member

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  10. jcorm970

    jcorm970 Registered Member

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    Seems a little risky. Good share though
     
  11. risefromtheashes

    risefromtheashes Jr. VIP Jr. VIP

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    I like your method much MUCH better.
    They should rename this thread "How to make easy money off idiots in 3 easy steps"
    BRB getting a ton of VPSes and buying hundreds of reddit accounts.
    I'll be back in my yacht
     
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  12. TheExecutioner

    TheExecutioner Junior Member

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    Not really. If you know anything about financial institutions, it's that bank regulations are tightening up and people are less likely to borrow from them because of higher fees.

    Websites like Zopa are peer to peer and not in any way connected to banks. If your hypothesis was true, the big banks would be out to get Zopa but nope. Zopa have already helped peer to peer lenders borrow and receive over $1 Billion.
     
  13. dotcomer2

    dotcomer2 Registered Member

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    lol sorry but this one cracked me up, nice! and as far as loaning people money and legality, reddit is similar to a community of friends one might say, people loan money to friends all the time, just watch judge judy.
     
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  14. TheExecutioner

    TheExecutioner Junior Member

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    Usually, the main factors I look for is if they have borrowed money before using the subreddit. Whenever someone starts a thread asking to borrow money, a bot automatically collects data and sends it as a comment showing whether that person has borrowed money before and paid it back. If it has borrowed before and hasn't paid back, I usually avoid them.
     
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  15. mirrorer

    mirrorer Jr. VIP Jr. VIP

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    You still don't get it.

    It's not illegal to lend money but you need license and authorization from FTC (USA) and other regulators in order to lend money legally.

    All the sites mentioned above are regulated and licensed.

    That's the difference
     
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  16. Dotte

    Dotte Junior Member

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    You "usually" avoid them - does that mean you sometimes loan them money?

    You need to be more direct and get to the point here. What percentage of your loans end in non-payment, what interest rate do you typically receive, and how much can be made if one had a larger sum of money? This is what people want to hear, not vague no content answers.
     
  17. PetalumaFlower

    PetalumaFlower Regular Member

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    Yeah but all the stuff regulated legal banks do in the US is illegal too! Like rearranging transactions so they can impose a $35 overdraft fee, and the subprime mortgage scam that left everyone homeless. So what does it matter. They aren't playing by the rules, so why should we? I'm getting my excel spreadsheet ready! :D
     
  18. mirrorer

    mirrorer Jr. VIP Jr. VIP

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    Yes but they are to big to fail...
    Big banks get fined all the time ...but guess what? Nobody goes to jail and they make more than what they get fined :p Google it and you will find plenty of case,every year in the billion dollar range fines. :D
     
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  19. Dotte

    Dotte Junior Member

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    I did some research on the site - not impressed. OP is just a sketch BTW, talking completely out of his ass and probably trying to gain some reputation by pretending he found some great new method. In reality, I doubt he has made a dime on this site.

    Out of all the loans I looked at on r/borrow almost none were paid back with interest. This is a high risk zero reward method that will put you in contact with the dregs of society. don't waste your time unless you are rich and feel like doing charity.
     
  20. TheExecutioner

    TheExecutioner Junior Member

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    LOOL are you high right now or naturally this stupid?

    "almost none was paid back with interest?"

    Are you sure?

    Because I just went on the subreddit again and counted 28 PAID threads on the first 3 pages and only 4 UNPAID.

    I did mention that there's risk to this as well so don't come up with crap like "none were paid back".

    If you're that unsure of the method, don't do it. No one's forcing you.
    It is just something that I've done that worked and even if no one here wants to do it, at least the method may have sparked some new ideas.
     
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