How To Earn Consistent Passive Income Through Lending Club

Let's talk about earning monthly, weekly, or even daily passive income through something called Peer-to-Peer (P2P) Lending.

P2P lending is an alternative form of investing that allows you to directly lend money to borrowers and collect principal and interest (P&I) payments every month.

This book covers what Lending Club is, how it works, the ins-and-outs of how to make passive income through Lending Club, and my exact strategy that I use to earn over 8.5% ROI consistently.

The best part about Lending Club is that it historically has a minimal correlation with stock market performance. This makes P2P lending through Lending club an excellent alternative investment strategy for when you're concerned about stock market volatility. 

Investing is a serious business and I won't try to sell you on something that I've merely speculated on. I have been using this exact strategy outlined in this book for over a year and my returns have consistently ranged between 8% and 11%.

Tell Me The Basics

Lending Club pays you out every day that one of your borrowers pays their monthly balance. Since borrowers pay on differing days of the month, if you have enough loans, it's very possible that you will get paid almost every day of the month. 

I highly recommend starting out with a minimum of $2,500. This amount will limit your risk exposure, because as you'll see in this book, I recommend that one starts off with 100 $25-loans, for a total of $2,500. That's because my strategy, historically, has a less than 3% default rate, meaning by diversifying your money, you maximize your gains and minimize your losses.

My strategy averages loans at approximately 13% APR, which in turn over a 5 year term will earn you up to $885 in interest payments, if you consider a 3% default rate. By reinvesting P&I payments, your earnings go even higher.

What's In This Book

  • What Lending Club is, and how it works
  • A detailed explanation of all key terms and screens, with screenshots
  • How to invest in Lending Club
  • My winning strategy that you can set on autopilot and sit back and earn passive income

How Long Does It Take to Start Earning?

The strategy in this book is extremely conservative. That means, once you turn on automatic investing and put the strategy on autopilot, it may take several weeks for all of your money to allocate. This slow, conservative entrance will protect your money. You will start seeing your first payments within 30-45 days from the time your first $25 allocates, but it may be a few weeks longer to see more measurable results. 

In the first 30-45 days after all of your money allocates, you will earn more money than you paid for this book.

What Are The Requirements To Invest In Lending Club?

In order to invest with Lending Club, you must meet these specific requirements:

  • You must be 18 years old or older, with a valid social security number.
  • You must deposit at least $1,000 into your account (I recommend no less than $2,500)
  • As of the writing of this book (April 2020), residents of Ohio cannot invest in Lending Club
  • Residents of Alaska, Arizona, Florida, New Mexico, New York, North Carolina, North Dakota, Pennsylvania, and Texas can only invest on the secondary market. If you live in any of these states, you will not be able to use automated investing in the way that I use for my strategy. You WILL still be able to use the strategy, however, you will have to do it manually.

How Does Lending Club Work?

When you sign up as an investor for Lending Club, you connect your bank account and deposit funds. Once your funds clear, you can jump in and use the book's strategy right away. 

You can also choose to invest any way you wish. The book covers all aspects of Lending Club, so if you wish to implement your own strategy, you'll have the tools to succeed.

Loans are 3 or 5 years in duration and you will receive monthly P&I payments until your loan is paid back.

What's The Catch?

I have been effectively beating the market for the past 12 months using Lending Club. There is always a chance that events will change and loans will default. There is no way to guarantee that one will always have an 8-11% ROI, however by consistently reinvesting your P&I payments, you will push your numbers higher despite any defaults that come your way.

I currently lend money to over 300 borrowers and maintain a greater than 8% ROI consistently. I have, at times, had higher than 11%, as the number fluctuates daily. 

The book contains an extremely conservative strategy that I have developed, tested, and implemented myself. I provide a complete breakdown of my own portfolio in the book so that you can see exactly what I'm doing and use my strategy to do the same yourself.  

I am so confident in my strategy, that if you do NOT earn back the money your spent on this book in the first 60 days after your money is fully allocated, I will give you a 100% refund. 

Start earning passive income today!