Okay, it’s been a while since I have updated you on my Prosper journey. Things are still going very, VERY well for me. So far, I have four loans waiting for verification and 45 active loans in place earning 20.51% interest rate (after service fee).

Recently, I did have a slight scare as one of my loans went late (<15 days). Fortunately for me this borrower finally paid up.

As a little experiment, I decided to use the compounding interest calculator to see what the value of my Prosper account would be in say 15 years when I turn 40. Now you know my age

For the compounding interest calculator I plugged in the missing variables. These included current principal ($2,780), annual addition ($6,450), years left to grow (15), interest rate (20.51%), and how many times the interest would be compounded annually (1).

The bottom line future value of $629,994.60 is a very exciting figure to look at. This assumes that all other variables remain the same, including the stability of interest rates and success of Prosper itself.

Although picking solid stocks is my expertise and passion, I've found that making diversified loans earning over 20% every year is an absolute no brainer.

If you haven't signed up yet, get on board by scrolling down to the bottom of this site or CLICK HERE to Join My Group on Prosper.