How to Earn a 20% or Greater Return on Any Size Investment
With the credit markets tightening up on everyone, people who used to qualify for loans from big lending companies and bank no longer can. Some folks are okay with that, but others are bent on getting loans for various things -- debt consolidation, cars, motorcycles, down payments on homes, medical bills -- and they are willing to pay a very high interest rate just to get any loan at all.
You could go out and try to find these people who are in need of some borrowed funds. And then once you find them, you could run a credit check, and decide whether to lend to them. If you do decide to lend, then it's up to you to keep up with the loan and make sure they're paying on time. And of course, if they don't pay, you've got a whole new problem.
Or... you could join Lending Club as an investor (membership is free) and invest as little as $25 to get started. Currently you can make loans at rates at high as 21%! Not bad considering the current economic climate.
Ben Piper is the founder of Christian Financial Freedom (www.ChristianFinancialFreedom.com)
Published by Ben Speaker
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