Start Your Own Online Bank | Make Passive
Income How To Start Your Own Bank? And make passive income Whats good folks its yah boy DeVaughn
back again with another video and today we are talking about
How To Start Your Own Bank Ok wealthbuilderz
I came up with a way to start your own bank I know it sounds kind of crazy but hey
I never said my ways of making money is conventional First let me tell you what this is not going
to be I’m not going
to tell you to start a brick and mortar bank where people come into an establishment
and give you money or anything like that. But what banks do do… they give loans Personal loans and
Business loans So you do the same. You help people get loans
for personal needs and business needs Its done with crowdfunding loans
Through prosper or lendingclub This is what you will be doing
finding loans that are close to
its funding limit And
what mean is every loan has a funding limit so if you find a loan
that max’s out at $5,000 but its only been funded at about $4500
You can fund the rest of the loan starting from $25 to $500
depending on your budget. So once the loan is funded then
you will start receiving interest payments passively Now keep in mind of two things when investing
in propser loans you
have to wait until the loan is fully funded
and the person receiving the loan starts paying it back. but this is a
great way to increase your income passively and simple way to. Keep in mind All personal loans are made by WebBank, member
FDIC. Loans are unsecured, fully amortized personal
loans. Notes are not guaranteed or FDIC insured,
and investors may lose some or all of the principal invested. Investors should carefully consider these
and other risks and uncertainties before investing. This and other information can be found in
the prospectus. Investors should consult their financial advisor
if they have any questions or need additional information. Thanks for watching Its yah boy DeVaughn
signing off for How To Start Your Own Bank? Do remember wealthbuilderz
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