Is 301 redirecting or parasite technique still working? earn by blogging adsense income

So im new to this world. Learned about 301 redirecting a site with a name relevant to what you want to rank for, to your money site so if all goes to shit you can burn the bridge. Link pbn's, serps, and social signals to the one page and then 301 it to the money. How about this technique for parasiting? Thanks. Feel like most seo i find is outdated...

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