Prosper.com: the Greatest Thing Since Monogrammed Dishtowls

I just stumbled upon a scheme that I'm convinced will ultimately make me rich. It's not unlike a pyramid scheme, in that it depends on my ability to recruit others to actually succeed in the 'getting rich' part. It differs slightly from a pyramid scheme in that it isn't illegal, nor is it unethical or unpatriotic. It's just smart.

I'm talking about the new rage in the investment world, peer-to-peer lending, and more specifically, it's Prosper.com (a p2p lending pioneer based in San Francisco, CA) that has perked up my money-loving ears.

The basic idea behind Prosper is to allow people to cut out the greedy institutions from the lending scene and allow the normal Joe to lend or borrow money directly from his peers at not-so-bad rates (the average rate earned on a Prosper loan is between 8% and 10%).

Of course, the ability to earn such great rates is contingent on the lender accepting the responsibility if a borrower defaults on his loan (these are un-secured loans). But Prosper gives the lender the ability to look at the credit grade of individuals seeking loans, along with financial information such as income, expenses and credit history. The borrower has a chance to make a statement about why he thinks his loan should be funded and to answer any questions the potential loaners might have.

The whole point is to keep everything as safe and convenient as possible, so as to attract new users. You should take a look! It's fun, relatively safe, and profitable. And if you click on the link below, and sign up to be a lender, you'll get $25 when you help fund your first loan (incidentally, so will I). So click! It won't hurt, I promise! You'll thank me later! And I'll get rich!

Click here for lending opportunities!