Second tiny taste of passive income (The bonsai money tree)

[Ikke]

After having my first tiny taste of passive income 3 years ago (which is still ongoing) I'm having my second taste of passive income.

As MJ said I'm putting my money soldiers to work. I'm building my personal money (bonsai) tree. Passive income fase 2

I have been investing part of the business and side flipping profits in P2P loans and currently am receiving what I think is a very great ROI.
It may be a small bonsai tree at this moment, but it's growing every week, every month, all the time.

The hunger from back then hasn't lessened, it has only increased.

 

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[fluffhead]

You're investing with a service like LendingTree or Upstart? I was looking into them as an investment very briefly. Would you mind sharing some details? Time your money is locked up (if at all), what grade loans you entered, what your ROR is, etc? Congrats, and very interested to learn more...

ALL ABOUT THAT CASH FLOW BABY!!!

 

[Ikke]

You're investing with a service like LendingTree or Upstart? I was looking into them as an investment very briefly. Would you mind sharing some details? Time your money is locked up (if at all), what grade loans you entered, what your ROR is, etc? Congrats, and very interested to learn more...

ALL ABOUT THAT CASH FLOW BABY!!!

I'm currently investing with Mintos and researching others on the go.
The loan duration varies widely. I have 1 month loans and 24, 48 and 72 month loans.
All the loans I took out are A graded loans, but I mainly focus on lender age, income and collateral LTV.
ROR is not really applicable but my Net Annual Return (NAR) is indicated at around 13.5%.

One thing to consider is that you get monthly interest and principal payments. If you don't invest the principal payments back into new loans your yielding capital will decrease each time you receive a payment.