My plan for Prosper is simple. I'm going to put $100 a month into it plus reinvest anything that I get out of it and just keep doing that for at least 36 months.
My reason for this is to make money but not in the sense necessarily of making serious money but for a different reason. I am working on things that give me a sense of money coming into my life even if in small amounts. It's part of the overall plan. We are putting most of our money into paying off debts and not into making more money but I think it's important to start that brain shift as early as possible even in small amounts.
If I fund 36 loans, they are going to come due on different days. Not all of them will be on different days but enough will be that I should be getting payments every day or two and if it skips a day, I'll be getting a couple of payments to make up for it. Each payment will only be for a couple of bucks but that's not the important part. The important part is that people will be paying me the principle they owe me plus interest every day.
I think it's going to be strong reinforcement to the concept that I'm building. And right now, an extra 70 bucks a month is still money coming in. Of course, I'm going to reinvest it for now but eventually, it will be money coming in for the purpose of spending somewhere else.
We'll see how it goes.