P2P Lending (Passive Income)

Peer lending is an easy passive income that you can start with just $200. Basically you lend money to people who need it and make money from an interest rate (6%-60%). This is something I would recommend doing if you have a couple extra grand sitting around. With $2k and a 6% interest rate you could earn $120 in passive income just by time and lending money. The higher the loan and interest rate the more you will earn.

(Cover photo by Unsplash)