May ushered in with several things:
- Interest on the MG account has grown plus the interest rate itself is now more (since the account has more than 10k).
- We came in under budget on car insurance and the phone.
- George kicked in a $100 bonus in honor of my birthday.
- He had a nice expense check for $182.66.
- We have a regularly scheduled $125 deposit that goes in at the first of each month.
This takes us to $13,853.07. We’re up 3.3% for the month working on Level 163. We have $364.51 left to get to finish this level.
What would you do with $14,000 to make $700 more? That’s our challenge right now.
What about Lending Club or another peer lending company? It’s more risky than stocks or real estate, but you can help people while earning a return. I wouldn’t throw the whole amount in at once since you got a bump in Interest, but it could help speed up your rate of growth. I haven’t done any research into it yet, I’m just going of what I’ve read in passing.
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Here are the peer-to-peer lending archives from SideHustleNation. He says he’s being doing it for years and has data to show his results. I didn’t have time to read it all so I have no idea how he feels about it now. I’ll read up on it do a post like I said but I thought you might enjoy this link now. http://www.sidehustlenation.com/investing/peer-to-peer-lending/
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I’ve read about it on Side Hustle Nation. I’ll try to find a link and write a post about it. There’s definitely a default rate if I recall.
It will be a about a week before you see a post cause I have other posts scheduled. I love seeing ideas in the comments – thank you!!
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