So my first step in generating some passive income was signing up for Mintos. Mintos is a global online marketplace for loans. Apparently, ‘everyone’ interested in financial freedom is raving about this platform. After reading some reviews I decided this would be a good place to start. Mintos allows you to start investing from €10 and up, which is nice if you are just testing the waters of P2P lending as I am. I will write a review about the platform at some point, but first I will need to test the platform for a while!
Making my first deposit
I decided €500 would be a good place to start. This would allow me to spread my investment over several lending companies & loans. After doing some reading about Auto Invest and Invest & Access, which are both great for minimum work (or time spend) to start investing. I opted for the newest Mintos product: Invest & Access. I’ve seen some more experienced investors making the switch to Invest & Access to ensure more liquidity.
The platform says the average returns for the Invest & Access product is 9.91% according to the Mintos website, which is quite accurate as you can see below!
I will start following the passive income generated by all the platforms, starting at the end of the month, January 2020. More deposits coming up, stay tuned.
If you sign up using my affiliate link, we will both receive 1% of our average daily balance which is paid in 3 installments for the first 90 days.
If you have any comments or questions, let me know in the comments!