Social lending has become a great way to earn high interest rates on your money and the folks at Prosper have provided even more incentive. From now until December 31st 2009, Prosper is offering cash back for the money you invest. The two tiered breakdown is as follows:
- Invest $1,000 – $4,999 by December 31 and receive a 1% cash rebate into your Prosper account by January 22, 2010.
- If you invest $5000 or more, you will receive a 2% cash rebate into your Prosper account by January 22, 2010.
Taking advantage of the maximum rebate would net you a cool $100 and when compared with the current interest rates on savings accounts and CD’s, it’s definitely worth a look. To get more details about investing in notes at Prosper, click here.
Plenty of good money links out there this week. Let’s take a look.
- How Much to Budget for Car Maintenance @ Five Cent Nickel: Costly car repairs can throw a wrench into your finances, so it’s best to so set money aside for the worst.
- October 2009 Unemployment Rate 10.20% – Chart of the Day @ The Sun’s Financial Diary: Even though the recession appears to be over, the unemployment rate is going to get worse before it gets better.
- How to Earn Income for the Rest of Your Life: The Good, Bad and Ugly of Annuities @ GenX Finance: Even though that lump sum payment looks good now, getting it spread out may be the best course of action.
- Base Salary Isn’t Everything @ Suburban Dollar: Don’t forget that there are dozens of other ways to profit from a good job!
- Financial Literacy in Schools @ Financial Highway: Educating students about the financial responsibilities they will have in the future is key to making sure we don’t get recession happy.
- Borrowing From Family and Friends – Bad Idea, Right? @ Debt Kid: Never have and hope I never have to. Probably best to consider the money gone the second you lend it out.
- What is Your Definition of Success? (A Tougher Question Than You Think) @ Wealth Pilgrim: Most people would equate money with success but there’s a ton of other things that are also at the top of the list.
- Working Long Hours – Is It Worth It? @ Darwins Finance: Having a few recent jobs that I was regularly working 70+ hours a week, my vote is that long hours suck. Definitely not worth it.
Michael Pruser
After amassing more than $255,000 in debt on a math degree from the University of Miami, Michael now enjoys spending time at home and writing about personal finance.
Latest posts by Michael Pruser (see all)
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Published or updated May 23, 2011.
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