How to get rich from money lending

[Carpon]

Money lending is an act of giving out money which will be returned after a specific period of time. There are ways through which you can make money from this. You can become a money lender without being a very rich or wealthy person. Anybody that saves and does it as a regular thing can be able to become a money lender.

You can earn from lending money by adding to the terms and conditions of your lending, the fact that any money given out will be returned with a percentage of profit. Usually, the percentage added as profit must not exceed 50% of the lended amount. This means that if your percentage profit is 20% and you lend $1000, you will gain additional $ 200 when your money gets refunded.

You can even make that a registered business and this will help increase your business popularity. But care must be taken so that while doing this, you do not make losses from bad debts or any other form of loss.

 

[Augusta]

Becoming rich from money lending can be very easy and achievable if you're able to get reliable clients and customers this is because money lending comes with high interest

So if you see people that are willing to borrow the money from you at a very high interest and you would be able to retrieve both your capital and your profit you must surr to become rich in the possible shortest time.

The thing is that lending money is a continuous process like working in chains. once a client keeps paying back his or her own money you can now use the money to lend another person and interest is also added this means that you continually make profit from the capital, but the truth is that this kind of business is a risky one because you can lose big if you're not able to retrieve your money from your borrowers.