- Joined
- Aug 14, 2014
- Messages
- 207
Rep Bank
$730
$730
User Power: 112%
The relatively new concept of person to person loans through lending club has become available in the great state of Texas. Now it has been a while from when I was frequently interacting with the fast lane, more on why (and a huge rant that has been cooking for a while) in another thread. Alot has changed and I have grown up a tiny bit (not alot, still a 20 year old naive college kid 
)
So I researched Lending Club, but it had yet to be made available in Texas. Now it is available. I have seen this as a pretty high risk, low maintenance investing platform. They state a 6 to 9% return on your money. So I weighed it all out. I have found some pros and cons
Pros:
easy to do
Good returns
No start up minimum
Simple platform
simple concept
Cons:
Risky
little control (illusion of control)
For what I know...There is not a collector group...if the person Flubs up you are left high and dry.
With my income. I could stash away 200-400 bucks a month into this. Does anyone else have experience on Lending Club? or even better a success story? I really love the shared economy. This also embodies the Sell shovels mindset.
) So I researched Lending Club, but it had yet to be made available in Texas. Now it is available. I have seen this as a pretty high risk, low maintenance investing platform. They state a 6 to 9% return on your money. So I weighed it all out. I have found some pros and cons
Pros:
easy to do
Good returns
No start up minimum
Simple platform
simple concept
Cons:
Risky
little control (illusion of control)
For what I know...There is not a collector group...if the person Flubs up you are left high and dry.
With my income. I could stash away 200-400 bucks a month into this. Does anyone else have experience on Lending Club? or even better a success story? I really love the shared economy. This also embodies the Sell shovels mindset.
Dislike ads? Become a Fastlane member:
Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)
Access Restricted: Unlock 1,000,000+ Posts
Stop Peeking Through the Keyhole.
Open the Door.
You hit a wall because the best advice isn't free—it's earned. Since 2007, MJ DeMarco has been active here daily (99.9% active rate), building a war room for entrepreneurs who refuse to settle for mediocrity.
- Active Daily: Life-changing content posted dozens of times every day. No dead threads.
- MJ's Inner Circle: Direct access to the author of The Millionaire Fastlane.
- Vetted Network: Connect with founders scaling to 7 and 8 figures.
- Proven Roadmaps: Strategy over motivation. Execution over "hustle porn."
"SCALED TO 6-FIGURE MONTHS"
"Tips and advice here saved me from huge mistakes, others allowed me to scale my business to 6-figure months."— User MitchC
"INSANE QUALITY OF PEOPLE"
"The number of high quality people I've met from this forum has been insane. All of it predicated on building real value."— User Richard Peck
"You are the average of the five people you surround yourself with."
Are you surrounding yourself with success?
