|
|
|
Wednesday, January 31, 2007More on being a Prosper group leaderGroup leaders get a little kickback from their work. I think it's something like 1% on the loan. Some of the lenders on Prosper say it's not enough to justify the work involved. I need to email a group leader and find out exactly what kind of work is involved. From what I know, they check some... Sign in to see full entry.Tuesday, January 30, 2007About Prosper GroupsProsper groups can add an extra level of risk management to the equation. Active group leaders go the extra mile in verifying information for members of their group. Borrowers join groups to gain the credibility of the group increasing the odds that they will get their loans funded. Group leaders... Sign in to see full entry.Monday, January 29, 2007I'm going to be funding another Prosper loan todaySo I have been looking over the listings. Some of them look more like they are asking for charity than for a loan. I read one today where a woman sounded like she was in desperate times and I couldn't see how she would ever pay the loan back. It didn't even sound like she had any intentions of... Sign in to see full entry.Sunday, January 28, 2007I have a story about money for youUnfortunately I'm going to have to save it for tomorrow. I should probably mention my arch enemy, the credit card companies soon to. I don't want them to think that I have forgotten about them. Eternal vigilance is the price of liberty. Sign in to see full entry.Friday, January 26, 2007Banks and the politicians they own walk a delicate lineBen and I have been discussing energy costs in the comments and I wanted to add something longer here. The energy costs have gone up and will continue to go up. We have the technology to create cheaper energy but we just won't do it right now. I have no doubt that we will eventually create the... Sign in to see full entry.Thursday, January 25, 2007The heat bill and my allowanceThe two aren't connected but I wanted to cover them both today. Last fall before it got cold, the electric company raised its rates by 12%. Our heater is electric not to mention that in the winter you use more lights. I have some thoughts about the size of the increase and maybe I'll go into that... Sign in to see full entry.Wednesday, January 24, 2007My plan for ProsperMy plan for Prosper is simple. I'm going to put $100 a month into it plus reinvest anything that I get out of it and just keep doing that for at least 36 months. My reason for this is to make money but not in the sense necessarily of making serious money but for a different reason. I am working on... Sign in to see full entry.Tuesday, January 23, 2007I received my first Prosper payment yesterdayThe borrower paid on time and I received my cut. $.86 in principle was paid back and I received $1.23 in interest. That's pretty dang good. Not in the amount of course but in the ratio. The most important thing about Prosper is learning what it's like to be on the receiving end of interest. The... Sign in to see full entry.Monday, January 22, 2007"Accept that you'll always have a car payment."Have you ever heard that? I have. It takes five years (or 6 or 7 now) to pay off a car and when it's paid off, it's time to buy a new one. Not only have I heard it but a few years ago, I believed it. I had been brainwashed by some unknown source but that source is probably someone that collected the... Sign in to see full entry.Sunday, January 21, 2007Letting It Sink In Some MoreYesterday, even after posting about the car payments, I could not get it out of my head. A lot of times, once I post, it's done. When I blog, it seems I'm more of a cut/paste guy instead of a copy/paste guy. I take what's in my head and put it down on paper and then I move on to thinking about other... Sign in to see full entry. |
