Blog Money Whore

I’ve been using Prosper since February 16, 2006, which was soon after the site was started. I signed up early on as a lender, put in some money, and have since just watched the interest and principal payments come in.

The site is the first one in the USA that uses p2p lending. People who need to borrow a little cash put up listings. Then, other people who happen to have cash bid on the interest rates for these listings. Those who offer the best rates get a chance to lend and make money, and everybody gets to skip the middleman of a bank.

It’s a very cool, unique concept, and it offers competitive rates for both borrowers and lenders. Even better, they now have an almost two-year-long track record to prove that it works. Prosper currently reports borrower rates as low as 7.70% APR and average lender returns of 9.49-12.81%!

I highly recommend that you join! Even better, if you are a lender and you join with my link, then you can earn $25!

Blog Money Whore, AKA Bl$g M$ney Wh$re, is an experiment to see how much money and how much stuff can actually be earned with a blog. How lucrative can blogging really be for one person writing a bunch of badly written posts? Let’s find out!

Here are the rules for this blog:

1. There will be full disclosure for all sponsored blog entries. You will know what is sponsored and who is sponsoring it.
2. All earnings directly related to this blog will be tracked and posted publicly. Some time after the end of each month, I’ll tally up all related earnings and post them.
3. All non-sponsored posts will be about personal finance or site news.

That’s it! Come join me in my quest in unabashedly trying to make money one post at a time. Witness me succeed wildly or fail miserably.