How I Make Money with Lending Club (My Investing Strategy)

This is the post I’ve been referring to for the past couple months, and I’ve finally gotten around to writing it.  If you’ve read my income reports, you know I talk about Lending Club on a monthly basis.  The reason is simple: This is really my only “true” source of passive income online.  I’ve used Lending Club for over 3 years now and am happy to be an affiliate as well.

What is Lending Club?  It’s basically a platform that allows individuals to loan money to other individuals (also known as “peer-to-peer lending”), with Lending Club as the middle man, making sure that your risk is properly identified before you make an investment.  They do everything from running a credit check on the borrower to verifying the borrower’s annual income, to make sure it’s relatively safe for you to loan them the money.

Of course, there is some risk involved, but you’re compensated for that risk by earning a nice interest rate on the loan (investment).  If you read my income reports, you’ll see I currently earn around a 6% annualized rate of return on my investment, and the average rate of all Lending Club investors is around 9%.  There’s a lot more to it, which is why I decided to write this guide and show you my strategy when investing on Lending Club.

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My Passive Income Report [January 2013]

The first month of 2013 is officially in the books, and I must say, this year is off to a great start.  

Once again, I beat my earnings record as everything that was doing well in November and December continued into January.  I’m excited about all the different projects I have in play right now as I look forward to a big year in 2013.

Without further ado, here’s the January report…

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An Update on Traffic, Earnings, & More [Authority Site Duel]

It’s been a long time since I’ve written an update dedicated to my Authority Site Duel site.  

Although you may see my earnings (or lack thereof) in my monthly income reports, you don’t really get to see what’s happening behind the scenes.  Progress has been slow and steady, but continues to head in a positive direction.

Given the fact that my Slow Carb Diet Experiments site is in the health & diet niche,  I expected things to move rather slowly, but I’m still confident that I can continue to get the site to grow.

Here’s what’s been going on with the site…

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64+ Easy Ways to Save Money Online

The internet marketing blogosphere spends a lot of time talking about how to make money online (and rightly so), but very little is said about ways to save money online.

Everything else held equal, saving $1 has the same effect on your bank account as earning $1.  Often times, the process of saving money can be “passive” just like income, in that you can make changes that have residual effects or recurring benefits.

My post about 142+ ways to make money online was so popular that I thought I’d do a similar one about saving money.  I put a lot of time into this post, so hopefully you will find it useful.

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My Passive Income Report [December 2012]

Happy New Year everyone! Hopefully you had a nice holiday season and were able to take a much needed break from work – I know I did.

December was another great month for me (not as good as November, but still my second best month ever), and I’m excited to see what 2013 will bring.

There’s a lot to discuss, so let’s get right to it.

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2013 Goals: What’s Next for Me?

At the end of every year I like to write about my goals for the upcoming year.  I’ll be the first to admit that I’m not great about revisiting my goals throughout the year to make sure I’m on track, but I still think it’s better than not setting goals in the first place.

While you obviously want to fully accomplish your goals, I also like to create goals as a way to motivate myself in the new year.  As I’ve said before, even if I don’t reach any of my goals (at 100%), I often find that the simple act of setting goals gets me to do much more than not setting goals.

Without further ado, let’s get to the 2013 goals!

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The owner of this website, Eric, is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking http://www.my4hrworkweek.com to Amazon properties including, but not limited to, amazon.com, endless.com, myhabit.com, smallparts.com, or amazonwireless.com.

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