You are at the top of your coupon game. There is no paper that can hide its treasures from you. You get the most out of your opportunities and are even able to eat with a dollar a day.
So what now?
You may think there is nowhere else to turn. You are saving as much as possible, like a pro! if we can say so.
How about we make some of those savings grow?
“But couponing is so time-consuming already” you say “how can I do more?”
That’s where Iban Wallet comes in.
Introducing Iban Wallet
Nowadays you may have already crossed with the term “fintech”. If you don’t know what it is, it’s pretty simple – even if they can deal with some complicated stuff.
Fintech stands for Financial Technology. When talking about companies, it refers to those kinds of enterprises that take on old (financial) problems with the help of new technology.
And one of those areas is where we want to be to make our potential grow – investing.
Forget complex and time-consuming, we’re aiming for quick and simple
Now, this can bring about images of millions of charts to study and being always on top of everything – not quite the approach we’re looking for here.
Here, they do all that for you.
All you have to do is sign-up, get an Iban Account, add your funds and track your progress.
As a starting point, you get an investment product with a 2.5% projected interest rate, with no minimum term and with requirements as low as €/$1. This means you can test how it all works and see for yourself if it is worth it. From there, you can upgrade to other products, with rates up to a projected 6%
Where does it come from?
At first it can seem a bit confusing, but it’s simple enough.
Take a look at this chart:
Investors (that’s you) provide their capital (money). Iban acts as an intermediary, connecting your investment to Loan Originators, who issue loans to borrowers, who pay an interest on the amount they borrow.
As a result, you are able to get a return on your funds. Having no traditional institution in between this process, it becomes more simple and agile, and the results more interesting.
As far as the protection of your funds is concerned, the loans issued have an associated collateral in order to make it more robust.
Moreover, there is also a buyback guarantee on the loan originator side, making it that they must repurchase a loan which is delayed for more than a certain amount of time.
A Safeguard Trust has also been put in place, which is a reserve of capital put aside in case it is necessary to cover any unforeseen events.
Just remember that there is always some degree of risk involved with any investment.
Why this might be for you
We have already seen that you are doing very well on your savings-end. Now imagine that you not only are able to live on very little due to the amazing deals you are able to get, but that the proceeds of those savings are channeled to a solution that can make them grow with some consistency.
And you don’t need to be doing any active management, just take 5 minutes to set up.
If you live below your means enough, at some point you will be amazed at what you have put aside can do for you.
Let me know what you think of it!