I must be slow, I have just come across a site called prosper.com which is into People-to-people lending, which they describe as ”an old idea that’s new again”.  I like this

The principle is simple

People who need money request it, and other people bid for the privilege of lending it to them. Prosper makes sure everything is safe, fair and easy. Here’s how it works:

I like this idea that you can “invest” some of your spare cash into helping other people solve their problems.  There is a risk with this process, they can default and not repay the loan, but the principle is that you lend a little to a lot of people, rather than a lot to just one.

Why is this so good?  Well not only can you get interest rates of over 20%, which is much better than the money saved in the bank, but you can actually help people achieve their goals.

I think this is something that we should all look into, and not just for the money.