In the DVD, I talk about the three types of investments, stocks, business, and real estate. I found this website called Prosper.com and this website allows you to be in the business of lending money. You get to be a banker and you can lend out money to customers who currently are paying their debts to a different creditor at a higher interest rate.
Sometimes you can get 12% up to 22% interest on your money based on a 3 year time period. This return blows away what you make at the banks. There is no tenants, no property to maintain, and you get to pick who you want to lend money to.
I do not endorse prosper.com, well at least not yet. I’m trying to see if I can make an 18% return on my $200 that I just loaned out.
