lending networks

The key to getting out of debt for good is to have a positive cash flow and stop digging yourself deeper into debt. If you follow my previous step to earn more and spend less, you should have, or are on your way toward a positive cash flow at this point. The third step in [...]

Being in debt is not fun. Unfortunately, many people do find themselves in debt and carry balances on multiple credit cards. This article will show you how to eliminate credit card debt on your own without using credit card debt consolidation services. Personally, I think these credit card debt consolidation companies could be helpful to [...]

Dave Ramsey’s Baby Steps is a financial plan designed to help you get your finances in order, get out of debt, and achieve financial freedom. Dave Ramsey has taught these Baby Steps to millions via radio, The Total Money Makeover, Financial Peace University, and on DaveRamsey.com. In this article, I’d like to walk you through [...]

A while back, I provided a brief introduction to peer to peer lending. I also mentioned that there are risks involved. In general, social lending has different set of risks from that of high yield savings, certificates of deposit, or the stock market. In the simplest sense, the risks involved when investing in person to [...]

Debt consolidation companies often give you a fantastic pitch that promises to help you lower your monthly payments and eliminate debt.  All you have to do is work with them, combine all your debt obligations into one low monthly payment, and save tons of money.  Is it really that fantastic, or just a fantasy?
Personally, I [...]

Diversification is a concept that I’ve embraced most of my life.  In the past, I have discussed investment diversification and also touched on the concept of income diversification.  Today, I want to explore the idea of diversifying your.
When you think about income, most of you will immediately think about your job.  However, if you want [...]

I have been lending in peer-to-peer lending networks like Lending Club and Prosper for a year now.  I believe that peer-to-peer lending networks are gaining credibility; especially with the successful Lending Club SEC registration in 2008.  Last year, I made +8.73% with Lending Club and + 7.58% with Prosper, which is decent returns considering the [...]

With the economic crisis in full bloom, it’s increasingly difficult for small business owners to find capital needed to keep their business going. Cutting costs can only improve cash flow to an extent; eventually borrowing becomes inevitable without top line improvement. Unfortunately, traditional business lenders are tightening up their lending practices, making it very hard [...]

Over the past two weeks, I have been working on a new project called Personal Finance Buzz. Personal Finance Buzz, or PF Buzz for short, is a Digg-like site. But the special thing about it is that it focuses only on money and finance related articles and resources.

Two Goals for Personal Finance Buzz
For Personal Finance [...]

Net Worth Review
March was another down month, but the second half certainly showed some promise for the stock market. For the month of March, the S&P 500 index dropped -0.60% from 1330.63 to 1322.70. According to NetworthIQ, my net worth actually went up +0.94% but net investable assets went down -1.01%, or from 22.32% to [...]