MyConstant p2p Lending Update December 2020

If you do not know by now I am a pretty big fan of a rather new peer to peer (p2p) lending site that offers more than the typical unsecured p2p loan options. I am starting a new series of web articles about MyConstant.com and I will be giving monthly updates. I plan to do this for a year, so that I can track my progress of building up not only #Crypto mostly #bitcoin but also to build up some USD.

This would probably be a great spot to insert my goal and outline what I hope to accomplish with this platform. So, I want to be able to build back up to at least $5,000 USD to continue to invest in the crypto backed loans at the current rate of 6% which will bring in $25 monthly. Additionally I would like to make some moves with my crypto holdings which would bring me up to at least 1/10^th of a Bitcoin by the end of next year. So I threw down the gauntlet on my goals and I am confident that by using MyConstant I will not only achieve those goals but most likely I will exceed them. (Check back next month to see where I started and how much I have improved.)

You may have read some of my previous postings about MyConstant and how the platform functions. In case you have not you can either read one of them here or here.

In essence MyConstant is a p2p lending platform. I know what you are going to say. I had bad experiences with p2p lending in the past as well. In fact I have a few sub-standard experiences with Groundfloor I could share with you right now. I am telling you though this one is different. That is what everyone says though. Hopefully after you see the progress I am going to make with MyConstant you will be convinced and will give it a try for yourself.

I think it was the Oracle of Omaha, Warren Buffet, himself who said “the number one rule of investing is to not lose money” and the number two rule was “never forget rule number one.” Or, something along those lines. Now I personally cannot say that I have never lost money on an investment. I can say that thankfully I have made more than I have lost. I can also say that I have never lost a single red cent through the MyConstant platform.

My whole mission is to share information with other people that they could use to increase their wealth. I truly believe there is enough wealth in the world for everyone.

 I do not sell, push, or promote any get rich quick techniques or promise that you can double your money overnight. I can assure you though that with the MyConstant platform everything is explained pretty clear and what you see is what you get. I have invested several thousand dollars at a time in this platform and again, I have never lost a penny.

A quick disclaimer: I do have referral links in my articles and in the future I plan to have an affiliates page built into the site. But once again the reviews I write are my own thoughts and my own words, I share my honest opinion and if a site is great I want to pass that along. If a site is shady or I believe it to be a scam I am not afraid to point that out as well. I will have an article shortly about a crypto trading platform that scammed me out of $200.

As I mentioned I had several thousand dollars invested in MyConstant. I say “had” because I had to pull some money out of the platform to pay for a purchase we made recently. This was pretty simple and I had my money back in my account in a couple days, typical for an ACH transfer.

I am someone who does not like debt at all. I have been drowning in debt and I have been debt free (including my mortgage). I will say that debt free is definitely a better way to live your life. If you are not debt free (yet) I hope you can experience that freedom soon.

One thing that MyConstant does is it allows users to store cryptocurrencies on the site and pays interest on that digital asset. Right now I only have Bitcoin stored in the site which has been on fire during the end of 2020. I bought into Bitcoin when it was around $8,000 USD to one Bitcoin. I am always leery of these digital currencies and did not purchase very much. All in I think I have about $600 invested. With the current price of Bitcoin hovering ever so close to the $20,000 mark I could sell half of my Bitcoin and recoup 100% of my investment.

If you follow me on instagram you might have seen the post where I showed everyone the email I got from MyConstant indicating that I earned $10 USD in Bitcoin through interest. My current holdings in BTC are not substantial but the current rate of 9% APR compounded every second adds up. I plan to keep storing some BTC on the site and will continue to let that balance build.

I can say that if you are not interested in buying Bitcoin there are ways to earn crypto for free. How you ask? Well, there are sites that are called crypto fountains. You basically get a free click usually every hour or so and they reward you with small (like really small) amounts of coins. When you have enough you can transfer to a wallet. Once you have .005 worth (as of Dec, 2020 that is about $90-$100 worth) you can start earning that 9% APR.

There are many out there who do not want to even mess with crypto and I understand that. There are other ways to earn decent interest that I will cover next month. So, be sure to check back often.

Thanks for reading, please leave a comment or any questions you might have.