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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