Frugal Francis

 

 

 

 

Lending club offers free money to signup for their note lending service.  Just by signing up, you get free money to lend to other people.

Over time, that free money earns other free money.  Are you with me?  This is a cool way to earn free money.

Of course Lending club is an investment vehicle for some people.  They even have auto draft feature

I have posted some updates to my account over time to show that the free money they give you really does grow.  My account shows 67.12 and I have never put 1 dollar of my own money into this account.

 

Pretty cool right?

 

Cheers,

Frugal Francis

 

 

 

 

Back in October of ’09, I signed up for Lending Club for FREE. I had simply clicked a link from a blog I was reading and the next thing I knew I was given $25 to invest into Notes. With a free $25 to start the account and the referral credit I got of $25 bucks, my account started with $50. 11 months later, I am at $53.49.

Lending Club Update

Yes! You read correctly above, I have made $3.49 for FREE! Any new member gets a free $25 dollars, and additional money for referring people to Lending Club. In fact, when I referred someone I got $25 free but nowadays, I believe you can refer people and get a free $50. My free money of $50 has now turned into $53.49, which has grown 6.9% since Oct’ 09. Lending Club says my “Net Annualized return is 12+% but I don’t really understand how they compute that, nor do I care. I made almost 7% on FREE money that was given to me for clicking a simple link (below).





Give it a click, worst thing that happens is you just got a free $25 to loan to people and make money…
😉
Frugal