Hi Jackie,
I'm currently earning a 12.68% Net Annualized Return as a Lending Club investor.
I think this is a service you should check out.
It's easy and free to join. Because I invited you, you'll receive a $25 bonus on an initial investment of $25 or more.
Sign up for a no-cost account;
Lending Club respects the privacy of its members. Your personal information will always be kept totally confidential from other members--including me.
Best,
Jackie O'Quinn
Notes offered by prospectus filed with the SEC.
_________________________________________________________________________________
The above email I just copied and pasted to here so you could check out Lending Club if you wanted. Let me explain what Lending Club is and how it works. Basically in the simplest of explanations, this is your way of becoming a bank/finance company without any of the overhead. Someone else does the billing and collecting you just reap the profits from your lending activity.
Lending Club is a marketplace where lenders with above average credit score (600 and up). Can apply to get loans at very competative rates. As an investor you are allowed to browse through these loans, you get access to the borrowers full credit profile. Based off of that information you can make a determination if you would like to fund part of the loan starting with as little as $25 up to the full amount they are asking.
Each month when the borrower makes there loan payment to Lending Club you get your portion of that payment plus interest. Each month you are getting part of your principle back with interest you can withdraw this money or reinvest it (this is what I do).
A common question is, What happens if someone fails to pay? Well that can happen and does (has not happened to me yet at Lending Club). If that happens, then Lending club is very proactive with their collections process and they even give you full details about phone calls and emails sent to contact the borrower. I know this because I have one payment that was late and had through notes on that account where borrow was contacted every 2 days for 6 days until they made there payment. That made me feel good to see they were so aggressive on the collections piece.
You are able greatly reduce any risk by being picky with the credit profiles you lend to. For example you are able to see the borrows credit score, any defaults or late payments they had in the past 5 years, how long they have been employeed, if they own their home or rent, you see how much income they earn, what their debt to income ratios is, what their revolving credit line precentage is, etc. You really are able to see alot of information before making the decision to let someone borrow money.
Another recommendation is to diversify in to several loans and not just put your eggs all in one basket. In wrapping this up, I would highly enourage anyone looking to save or invest money to seriously give Lending Club a shot it has been one of the easiest most flexible investments for me. The best part is it produces an income each and every month and it's consistent! Below I have listed some Pros and Cons.
First of all a few of the "Pros":
It's very easy to get started with only $25 initially.
It offers very high returns compared to any other investments out there
It's an income investment which means you actually generate income from it each and every month
It's very liquid, so you can withdraw money or sell your notes on the notes exchange at anytime to pull cash out if you need it.
You have full control over the investment. You decided which loans meet your criteria.
It's been a very safe investment for me.
Some of the "Cons"
It's not guaranteed, no great investment is. The banks are not getting rich off of guarantees that people are going to pay their bills. Most "safe investments" are a joke anyway. Sure your CDs at the bank are pretty safe and they are earning less than inflation and they are FDIC insured. Most people don't even realize what FDIC insurance really is. Let me just say this, do some research on FDIC insurance if something happened and you had to excersize that insurance the bank has 10 years to give you your money back. Thats not too great.
People can default. Just diversify into a bunch of loans. Start with the safest ones first till you feel comfortable. Be picky who you lend to based on their credit profile.
In interest of FULL Disclosure if you click on the link above to get a free $25 with Lending Club they will also give me $25. If for any reason you are not comfortable with that just go here www.LendingClub.com and they will not give either of us the $25 bonus. If you have any further questions feel free to contact me via email.
Hope you enjoyed learning this,
Jackie O'Quinn
International Coastal Director
1-888-309-5759
Website: www.FlexibleBiz.com/lendingclub
P.S. I have more stuff to share in later posts
Tuesday, March 23, 2010
Monday, March 08, 2010
Coastal Travel News
This recently went out to all members in DFI. I wanted to pass it along to you because it has a great motivational story as well as the latest news and announcements taking place inside of DFI and Coastal Travel. I hope you enjoy reading.
The Old Mule
Once upon a time a farmer owned an old mule who tripped and fell into the farmer's well. The farmer heard the mule braying and was unable to figure out how to bring up the old animal. It grieved him that he could not pull the animal out. He'd been a good worker around the farm. Although the farmer sympathized with the mule, he called his neighbors together and told them what had happened. He had them help haul dirt to bury the old mule in the well and quietly put him out of his misery.
At first, the old mule was puzzled, but as the farmer and his neighbors continued shoveling and the dirt hit his back, he had a thought: he ought to shake off the dirt and step up. And he did just that.
"Shake it off and step up...shake it off and step up...shake it off and step up." Even though he took painful blows of dirt and fought panic, he just kept right on shaking it off and stepping up!
It wasn't long before the old mule stepped up and over the lip of that well. What could have buried him actually blessed him...all because of the manner in which he handled his adversity.
~author unknown
DFI NEWS and ANNOUNCEMENTS:
Many of you have heard about the NEW DFI Leadership Council Rings. Many of you are actively working on your own ring. To earn your ring all you have to do is bring in 30 new team members into DFI. To do that in 6 months you have to simply average 6 new team members a month. Cadie from MN, Michelle from CA and Stacy from NC are all examples of Directors who have done this so far. Several of our Directors are on track to accomplish this in the first year all you have to do is bring in 3 new team members a month.
To get more details about the DFI Leadership Council Rings go to www.dfiawardring.com
DFI Cruise Info:
DFI will be having a Leadership cruise from a time of fun in the sun and learning for all. To win a free ticket all you have to do is bring in 30 new team members by Feb. of 2011. To win a ticket for both you and a significant other you only have to have 50 new team members join DFI.
Specific Cruise info to be announced late FALL.
Recession is OVER:
With all the talk of the country being in a recession it’s easy to understand how it almost feels that way sometimes. Did YOU GET THE MEMO? DFI’s web development company has said that Feb. 2010 was the largest increase in growth they’ve ever seen in the history of Coastal Travel. Do you know how much we grew? 38.9% one month growth! Did you get a 38.9% pay raise all of last year? Heck most of us did not get a .9% pay increase last year but in DFI collectively our income grew by 38.9% over a single month based off of our new members.
I think its official the recession, which we didn’t really seem to feel is actually over.
New Stories heard on the calls:
This is an area we want to highlight new stories that we’ve heard on the calls recently.
Michelle in CA, made $3,200 last week
Stacy in NC, made $10,705 last week
Cadie in MN, made $7,400 last month
Sandy in MO, just recently generated $12,000
Renae in MN, just had a $9,705 day
Tara in MI, has made $19,410 so far this year
Nike in NC, just had a thousand dollar day
Tim in LA, just recently had a $3200 dollar week
If you’ve made money recently and we have not heard you, step out on a call and share it. If you have and we missed you we apologize share it some more. After you’ve been around a while you tend to not think a 1k to 5k week is not “big enough” to share. Every single new person on this team would like to hear about your small weeks , so continue to inspire us and please share. Obviously many people are making money so send an email to announcements@mydfilive.com to be included in a future email to the team. Since Coastal is an association we cannot know if you’ve made money unless you share it.
How do I Contribute? If you have a testimony, a motivational story or quote and would like to share it with our team send an email to announcements@mydfilive.com
Training Call of the Week! If you missed it unexpectedly last week we had one of the most impactful calls we’ve had in a long time. It was completely by accident. On the last Six Figure Income call two of our successful director’s shared their experiences and what made them successful. They were transparent, honest and it was full of golden nuggets of information. If you missed it you can listen to it in its entirety below.
http://www.byoaudio.com/play/WN3bLFrk
All the best,
Jackie O'Quinn
International Coastal Director
http://www.FlexibleBiz.com/
1-888-309-5759
The Old Mule
Once upon a time a farmer owned an old mule who tripped and fell into the farmer's well. The farmer heard the mule braying and was unable to figure out how to bring up the old animal. It grieved him that he could not pull the animal out. He'd been a good worker around the farm. Although the farmer sympathized with the mule, he called his neighbors together and told them what had happened. He had them help haul dirt to bury the old mule in the well and quietly put him out of his misery.
At first, the old mule was puzzled, but as the farmer and his neighbors continued shoveling and the dirt hit his back, he had a thought: he ought to shake off the dirt and step up. And he did just that.
"Shake it off and step up...shake it off and step up...shake it off and step up." Even though he took painful blows of dirt and fought panic, he just kept right on shaking it off and stepping up!
It wasn't long before the old mule stepped up and over the lip of that well. What could have buried him actually blessed him...all because of the manner in which he handled his adversity.
~author unknown
DFI NEWS and ANNOUNCEMENTS:
Many of you have heard about the NEW DFI Leadership Council Rings. Many of you are actively working on your own ring. To earn your ring all you have to do is bring in 30 new team members into DFI. To do that in 6 months you have to simply average 6 new team members a month. Cadie from MN, Michelle from CA and Stacy from NC are all examples of Directors who have done this so far. Several of our Directors are on track to accomplish this in the first year all you have to do is bring in 3 new team members a month.
To get more details about the DFI Leadership Council Rings go to www.dfiawardring.com
DFI Cruise Info:
DFI will be having a Leadership cruise from a time of fun in the sun and learning for all. To win a free ticket all you have to do is bring in 30 new team members by Feb. of 2011. To win a ticket for both you and a significant other you only have to have 50 new team members join DFI.
Specific Cruise info to be announced late FALL.
Recession is OVER:
With all the talk of the country being in a recession it’s easy to understand how it almost feels that way sometimes. Did YOU GET THE MEMO? DFI’s web development company has said that Feb. 2010 was the largest increase in growth they’ve ever seen in the history of Coastal Travel. Do you know how much we grew? 38.9% one month growth! Did you get a 38.9% pay raise all of last year? Heck most of us did not get a .9% pay increase last year but in DFI collectively our income grew by 38.9% over a single month based off of our new members.
I think its official the recession, which we didn’t really seem to feel is actually over.
New Stories heard on the calls:
This is an area we want to highlight new stories that we’ve heard on the calls recently.
Michelle in CA, made $3,200 last week
Stacy in NC, made $10,705 last week
Cadie in MN, made $7,400 last month
Sandy in MO, just recently generated $12,000
Renae in MN, just had a $9,705 day
Tara in MI, has made $19,410 so far this year
Nike in NC, just had a thousand dollar day
Tim in LA, just recently had a $3200 dollar week
If you’ve made money recently and we have not heard you, step out on a call and share it. If you have and we missed you we apologize share it some more. After you’ve been around a while you tend to not think a 1k to 5k week is not “big enough” to share. Every single new person on this team would like to hear about your small weeks , so continue to inspire us and please share. Obviously many people are making money so send an email to announcements@mydfilive.com to be included in a future email to the team. Since Coastal is an association we cannot know if you’ve made money unless you share it.
How do I Contribute? If you have a testimony, a motivational story or quote and would like to share it with our team send an email to announcements@mydfilive.com
Training Call of the Week! If you missed it unexpectedly last week we had one of the most impactful calls we’ve had in a long time. It was completely by accident. On the last Six Figure Income call two of our successful director’s shared their experiences and what made them successful. They were transparent, honest and it was full of golden nuggets of information. If you missed it you can listen to it in its entirety below.
http://www.byoaudio.com/play/WN3bLFrk
All the best,
Jackie O'Quinn
International Coastal Director
http://www.FlexibleBiz.com/
1-888-309-5759
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