The world we live in is insanely interested in getting rich!
Ever Binge watched “Shark Tank” OR “Billion Dollar Buyer” OR “Who Wants To Be A Millionaire“? Or any money related shows in general, and wished what would you do if you get that kind of money? Buy a house maybe? Go on a world tour? Or just pay off your debt?
Whatever it might be, We just can’t keep our mind of money! It’s the basis of our survival.
So, if there is so much obsession about being rich then why MOST of us fail to live the wealthy lifestyle?
Why just we can’t reverse engineer their way to becoming a millionaire just by watching the show?
What are we doing wrong?
In our day to day life, we don’t normally get properly educated about dealing with finance, paying off debts and proper investments techniques (unless, if you have a Major in finance, of course!).
So to seek knowledge about money, who do we tend to turn ourselves to?
Our Family or friends, maybe because of their broader experiences about finances and stuff. Sometimes we just try to figure it out ourselves.
If your parents/Friend are not in the top 1% richest people, chances are that most of the advice about money by them will NOT help you get rich. Maybe they can teach you “How to manage your money”, but can they help you make significantly MORE income than your current situation? Not very likely!
Who constitutes the 1% if you just look at the U.S.? It takes a massively higher income to crack the top percentile: you’d have to make at least $450,000 in adjusted gross income (AGI) to make the cut. *sigh*
So What Is The Solution?
Simple! What is that ONE thing Successful Entrepreneurs often emphasis upon over and over? And, when you google ” How to get rich?”, what does sites like Wikihow’s #1 recommendation?
The Answer: INVESTING! Of both Time and Money. *Period! End of story!*
Sometimes even the idea of building wealth through investing seems impossible for those with little savings and little extra income to invest.
You probably might think that investing with smaller amounts of cash is pointless and way too risky, but the truth is that even if you start investing with only $100, your investments still have the potential to grow to six or even seven figure (If your willing to give it some time, of course!).
Invest In Lending Club!
Have some extra cash saved?
Put it to a good use. If you really want to speed up your earning engine and don’t have the firsthand experience to investing, consider becoming an investor with Lending Club.
By investing with Lending Club, your money goes towards issuing different types of loans to other people that help that’ll help them get out of debt, start businesses, get auto loans and finance or medical care.
To be clear, Your money isn’t going anywhere. Rather your money will be growing incredibly fast. Lending Club offers a competitive average return of 5.06 to 8.74%. (Its a pretty big deal)
And 99% of investors who have applied and invested with Lending Club have seen positive returns.
How does Do Lending Club work?
Lending Club issues loans to thousands of borrowers, using the latest technology to assess risk, determine credit ratings and assign an appropriate interest rate minimizing the overall risk. Then investors like you and me select which notes (borrowers’ application) you’d like to invest in and earn monthly cash flow.
You can invest as little as $25 in each note.
And you have the option of going through each of LendingClub’s loans to determine which ones you’d like to invest in which are classified as grade A to Grade G.
Loans graded “A” have the lowest risk of default based on factors like the borrower’s creditworthiness and collateral and so attract the lowest interest rates.
But as you’ll go down from Grade B to Grade G, risk factor increases but they fetch much higher interest rates. (Up to 25% and sometimes more)
Notice the interest rate of Grade E compared to Grade A (which will be your Interest rate of return).
But how does the platform “Lending club” itself make money?
For the investors like you, their Fee is as little as 1%!
For example, if you’ve invested $5000 a few years ago, you could make around $1200 of borrowers payment (along with your $5000, of course) and you’ll only have to pay $20 to $30 as Fee (numbers are approximate).
How to choose Notes to invest in?
Well… There are two ways you can choose your Notes (Borrowers) –
Manual Investing -Manual investing is where you browse through all the available loans and choose which ones you’ll invest in one at a time and how much you want to invest.
Automated Investing -Automated Investing is when you set investment criteria (kind of Filters), and notes are selected automatically based on that criteria, Now you can choose from that.
While you can choose either of the above two mentioned, it is considered best to buy them in fractions (As little as $25 in each of the node you choose). You can buy as many notes as you want with a little diversity involved.
Lending club is ABSOLUTELY legit for both investors and borrower. And, Lending Club also offers Busines, medical and all other loans to borrowers.
The entire transaction happens online, skipping the need for embarrassing face-to-face meetings we encounter to get bank loans.
It’s a win-win as both the investor and the borrower benefit from the Lending – Borrowing process. Read more information here on getting a loan, Where you can get Business Loans up to $300,000 Easily, personal loans up to $40,000 and medical loans up to $50,000!
The Bottom line is
Lending money through Lending Club is much more profitable and less risky than most of the other channels. With Lending Club, a one-time investment will get you a monthly cash flow into your account.
If you are very new to investing and have no idea How The Heck it functions? Lending Club is probably the most sophisticated way to start and grow all the way up!
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Lastly, My question for you is – Do you want to see your income grow?
If yes, then you better do something about it!
Invest, both of your time and money!