{"id":14148,"date":"2026-08-18T04:00:00","date_gmt":"2026-08-18T10:00:00","guid":{"rendered":"https:\/\/milesearnandburn.com\/?p=14148"},"modified":"2026-08-17T23:41:26","modified_gmt":"2026-08-18T05:41:26","slug":"tuesday-the-risk-kick-off","status":"publish","type":"post","link":"https:\/\/milesearnandburn.com\/index.php\/2026\/08\/18\/tuesday-the-risk-kick-off\/","title":{"rendered":"Tuesday: The Risk Kick-Off"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">One of the most surprising aspects of manufactured spend is the sheer number of people that send six-plus figures worth of goods, gift cards, precious metals, or other consideration to someone on the internet that they know only by a handle, and if they&#8217;re lucky, a first name. This works for two reasons:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Broker reputation<\/li>\n\n\n\n<li>Effective communications in the community about reputation<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">In other words, you may only know a guy as &#8220;<a href=\"https:\/\/youtu.be\/Al9ae3_uOsQ\">Michael<\/a>&#8220;, but if a hundred other contacts that you trust have successfully done big business with Michael, then doing business with that guy is probably slightly less risky than a random Michael you met in downtown Portland.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Of course past performance doesn&#8217;t guarantee future gains and Michael may choose <em>your<\/em> shipment as his ticket to a new life in Argentina, a risk we&#8217;ll call counterparty risk. That&#8217;s not the only kind of risk though, in manufactured spend, we&#8217;re subject to:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>counterparty risk<\/li>\n\n\n\n<li>shutdown risk<\/li>\n\n\n\n<li>credit risk<\/li>\n\n\n\n<li>tax and audit risk<\/li>\n\n\n\n<li>fraud risk<\/li>\n\n\n\n<li>cybersecurity risk<\/li>\n\n\n\n<li>clawback risk<\/li>\n\n\n\n<li>operational risk<\/li>\n\n\n\n<li>concentration risk<\/li>\n\n\n\n<li>automation risk<\/li>\n\n\n\n<li>MCC coding risk<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">&#8230; amongst other risks. A quick treatise on each will make you a better and safer manufactured spender, and we&#8217;ll have a semi-irregular post here about each in the upcoming (I have no idea how many) months. Stay tuned friends.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Oh, and so you don&#8217;t walk away feeling like you didn&#8217;t get anything out of today&#8217;s post:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.doctorofcredit.com\/u-s-bank-finally-adds-transfer-partners-accor-flying-blue-qantas-ethiopian\/\">US Bank brought back Air France \/ KLM FlyingBlue as a transfer partner<\/a>, but not yet Qantas (lol)<\/li>\n\n\n\n<li><a href=\"https:\/\/www.reddit.com\/r\/biltrewards\/comments\/1vncuui\/you_can_now_use_bilt_cash_for_blade_flights_up_to\/\">Bilt Cash can be redeemed for Blade helicopter rides<\/a> (cool story bro)<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Happy Tuesday!<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"480\" height=\"480\" src=\"https:\/\/milesearnandburn.com\/wp-content\/uploads\/2026\/08\/image-13.png\" alt=\"\" class=\"wp-image-14149\" srcset=\"https:\/\/milesearnandburn.com\/wp-content\/uploads\/2026\/08\/image-13.png 480w, https:\/\/milesearnandburn.com\/wp-content\/uploads\/2026\/08\/image-13-300x300.png 300w, https:\/\/milesearnandburn.com\/wp-content\/uploads\/2026\/08\/image-13-150x150.png 150w\" sizes=\"auto, (max-width: 480px) 100vw, 480px\" \/><\/figure>\n\n\n\n<p class=\"has-text-align-center wp-block-paragraph\" style=\"font-size:14px\">Pictured: Michael<\/p>\n","protected":false},"excerpt":{"rendered":"<p>One of the most surprising aspects of manufactured spend is the sheer number of people that send six-plus figures worth of goods, gift cards, precious<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_editorskit_title_hidden":false,"_editorskit_reading_time":0,"_editorskit_is_block_options_detached":false,"_editorskit_block_options_position":"{}","footnotes":""},"categories":[1],"tags":[],"class_list":["post-14148","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/milesearnandburn.com\/index.php\/wp-json\/wp\/v2\/posts\/14148","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/milesearnandburn.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/milesearnandburn.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/milesearnandburn.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/milesearnandburn.com\/index.php\/wp-json\/wp\/v2\/comments?post=14148"}],"version-history":[{"count":2,"href":"https:\/\/milesearnandburn.com\/index.php\/wp-json\/wp\/v2\/posts\/14148\/revisions"}],"predecessor-version":[{"id":14152,"href":"https:\/\/milesearnandburn.com\/index.php\/wp-json\/wp\/v2\/posts\/14148\/revisions\/14152"}],"wp:attachment":[{"href":"https:\/\/milesearnandburn.com\/index.php\/wp-json\/wp\/v2\/media?parent=14148"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/milesearnandburn.com\/index.php\/wp-json\/wp\/v2\/categories?post=14148"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/milesearnandburn.com\/index.php\/wp-json\/wp\/v2\/tags?post=14148"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}