How to Become a Millionaire: a Look into the future /or/ 5% there.
This episode is dedicated to my Lending Business i started up a few months ago. I'm making right now 15.55% APY. Join me as I explore the risk that is involved in unsecured loans.
i wouldn't.you need to have about 30 loans to be relitivly safe and with 250 you can get only 5 loans opened. so i wouldn't do it there are safer ways to play with that amount of money.
the less money in things like this is always higher risk. the safest thing to do with 250$ ia a CD. low rewards and low risk. if you don't mind lossing this money then its a good idea to play with it and learn how to use it.(but don't expect to cash out from it as you can loss 1/2 of the accunt in a few days.
i have 250 dollars, should i start using prosper?
lapinskiz 3 years ago
i wouldn't.you need to have about 30 loans to be relitivly safe and with 250 you can get only 5 loans opened. so i wouldn't do it there are safer ways to play with that amount of money.
nyxsucks 3 years ago
what would you recommend?
lapinskiz 3 years ago
the less money in things like this is always higher risk. the safest thing to do with 250$ ia a CD. low rewards and low risk. if you don't mind lossing this money then its a good idea to play with it and learn how to use it.(but don't expect to cash out from it as you can loss 1/2 of the accunt in a few days.
nyxsucks 3 years ago