10 Ways to Let Your Money Work for You
6. Online Lending
If you are keen on the idea of lending your money but you would prefer to have someone else do the research for you, you can turn to sites like Prosper.com to see a whole range of loan applicants who have gone through a vetting process and been deemed worthy of consideration. You’ll be able to see a lot of information about the person’s financial situation, their reasons for applying for a loan, and more. You can even make your own decisions about how much risk you are willing to take on, as the loans are categorized by risk level and rate of return. These sites provide an easy way for those who want to diversify their loans even with small amounts.
