How many of us are dreaming about paying off our debt? A 2017 study showed that nearly half of Americans carry $25,000 in debt and that 40% of those with debt spend up to half of their monthly income just making their payments.
The following post about peer-to-peer investing is by ESI from ESI Money, a blog about achieving financial independence through earning, saving and investing (ESI). It was written by an early 50s retiree who has achieved financial independence, shares what has worked for him and details how others can implement those successes in their lives. To learn more about retiring early, you can get his free e-book Three Steps to Financial Independence.
Lending Club is a peer-to-peer (P2P) lending service, that offers higher than average returns to investors while offering lower than average rates to borrowers. I personally have money invested with them and have done an in-depth review of how I use Lending Club’s service, as well as what I like and don’t like.
Investors looking to take advantage of the great returns offered by peer-to-peer (P2P) lending have two choices: Lending Club or Prosper. Both offer excellent potential returns for investors, but they do operate slightly differently.
Seven years into the current economic expansion, speculation is growing that a recession is close at hand. This suspicion is supported by signs of weakening in both retail and restaurants, two leading indicators of consumer demand. Given that peer-to-peer (P2P) investing is only a few years old, now is an outstanding time to contemplate how the sector might perform in a recession.
An article by Todd Tresidder of Financial Mentor mentions the “dangers” of peer-to-peer (P2P) investing. From my experience P2P investing is not risky, and I have evidence to prove it.
One of the hottest trends in investing right now is peer-to-peer (P2P) lending. When you invest in P2P loans, you essentially loan another person money. The investing is done in small increments, however, with you buying notes that amount to $25 apiece. We talk with Brendan Ross about leveraging P2P loans like a millionaire.