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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