Welcome to My Crowdlending!
And thank you for your visit. In this personal blog, I will be documenting my journey to financial independence by investing in crowdlending and crowdfunding platforms. What are crowdlending and crowdfunding and why are they an excellent source of passive income? Keep on reading!
Motivation: Why I began investing in crowdlending and crowdfunding
Tired of leaving my money sleeping in the bank, in August 2018 I began exploring alternative investments to get some decent returns. I wanted a perfect balance between risk and returns, and I discovered crowdlending platforms and, shortly later, crowdfunding platforms. Don’t you know what crowdlending and crowdfunding are? I explain it here.
Like any other investment option, crowdlending and crowdfunding have an inherent risk. Obviously, it is safer to leave your money in a bank deposit. The bad news is that nowadays bank deposits interest rates are just ridiculous. In the European Union, current bank deposits interest range from 0.25% to 1.5%, depending on the country, the amount of money, and the duration of the deposit. In fact, because of inflation, if you decide not to make any kind of investment, you will be losing money. Do yourself a favor and begin to invest!
As an example, I had € 100,000 in bank deposit at 0,40% for 13 months, and I was getting the ridiculous amount of 33€/month. For € 100,000! Insane.
Since I don’t have much free time, another of my requirements while looking for an investment alternative was that it didn’t require much time. Ideally, I wanted something that was a really passive way of income. That is passive income: a regular monthly income that you earn doing (almost) nothing. More or less like a bank deposit, but with a little bit of risk and a lot more of return. Here, you can find a complete Wikipedia explanation of passive income.
Please feel free to explore my blog. You will find reviews of my favorite crowdlending and crowdfunding platforms, blog entries explaining my progress in this journey to financial independence, and also a detailed view of my current investment portfolio in all platform. I hope you find it useful and may you decide to pursue your financial independence as well.
Please keep in mind that this is a personal blog. I don’t give financial advice, nor make any recommendation for you to invest in any crowdlending or crowdfunding platform. It’s just my personal experience with them, and it is just for information purposes and should not be considered advice to invest. If in doubt about whether investing in P2P lending/crowdlending platforms is suitable for you, always seek expert independent financial advice.
Finally, you will see some of my posts may contain affiliate links, but all my opinions are 100% honest and unbiased.
My progress towards financial independence using Crowdlending and Crowdfunding
First goal: 500 €/month
March has come to an end, spring is finally here, and it’s time to review how my crowdfunding and crowdlending portfolio has performed this month. I have obtained a passive income of €215.13, representing an increase of 63.82% compared to February 2019 (when I got €131.31). Thus, in March 2019 I’ve managed to reach 46.23% of my first goal of €500 per month. I guess I’ll have to push up … Read More
February is gone and it’s time to check the performance of my crowdfunding and crowdlending portfolio for this month. I have obtained an income of €131.31, which represents an increase of 70,37% compared to January 2019 (when I got €77.07). Thus, in February 2019 I managed to reach 26.26% of my first goal of €500 per month. Wow! I’m really impressed… and happy! The average annualized return for this month … Read More
Welcome Crowdlenders! I was so happy with the performance of Grupeer during the month of January that I decided to increase my investment in this platform. So yesterday I made a contribution of + € 1,101.87 which I invested in development projects, with an interest rate of 14%. It’s not bad at all! I have some loans purchased at Grupeer at 15%, bought when I started investing in the summer of … Read More
The first month of 2019 has come to an end and it is time to see how my investment portfolio in crowdlending has behaved. I have obtained an income of €77.07, which represents an increase of 71,38% compared to December 2018 (when I got €44.97). Thus, in January 2019 I managed to reach 15.4% of my first goal of €500 per month. I’m getting closer! The average annualized return for … Read More
Hello! It’s been 6 months since I began to think about ways to get passive income to complement my job income, to not having to work forever. After doing some research among all the options available, I found p2p lending (or crowdlending) platforms and decided to give them a try. Every month since then I’ve invested in some of these platforms and I’m already earning some interesting revenue. Today I … Read More