Whether you’re trying to find ways to supplement your monthly paycheck, or are getting to build a nest egg for retirement, there are many ways during which you’ll invest your money and gain yourself a uniform monthly income.
One of the simplest ways to fund your expenses post-retirement, without consuming your retirement savings, is to look for investment options offering steady income. The interest payouts from your investments are often to fund your regular expenses. This can help you plan your finances better. There are various approaches to creating passive incomes, with some requiring a significant amount of personal wealth to start with and others needing more regular levels of commitment.
For whatever reason you’re aiming to maximise your earning potential through monthly income sources, some great approaches can leave investors with recurring passive earnings. One of the best approaches is Peer-to-peer (P2P) Lending. P2P is the process of lending money to individuals or businesses through online lending platforms. Any individual investor or financial institution can become an investor of peer-to-peer lending and earn annualised comparatively higher interest paid by the individual or business who has borrowed money.
One of the select few great return instrument to fetch annual cash flows with double-digit interest payments. Unlike other investing instruments, income isn’t tied to maturity and starts immediately. The sustained high returns on investment make the P2P lending a sought-after investment option for fixed income investors. With LenDenClub, you can earn up to 10-12% p.a return on your investments. And investors doubt risks.
Investors receive interest on their principal as borrowers repay the loans they receive at a predetermined interest rate. This gives investors the prospect to earn higher than other instruments with no market volatility at play.