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Saturday, January 20, 2007My thinking has changedIt's a process of course and I'm not sure at what point you say that you have changed how you think. The transformation is ongoing. My wife and I are still learning about money and will continue to change how we think about it. Some of the things we do are designed in a great part to do just that.... Sign in to see full entry.Friday, January 19, 2007Everyone knows that sex sells but did you know that sex borrows too?I didn't know that until I joined Prosper. I should have guessed it or known it based on the fact that it's just the way things work. Still, it didn't dawn on me until it was pointed out to me. At Prosper, borrowers can upload a picture of themselves to put a face with the loan. I never really... Sign in to see full entry.Thursday, January 18, 2007One of the benefits of Prosper.comFor those people who go there to borrow money who aren't there because no one else will give them a loan, Prosper does have one nice feature. I told you that borrowers put down the interest rate that they want. This is the starting interest rate. Lenders then start bidding on the loan at the amount... Sign in to see full entry.Wednesday, January 17, 2007Prosper: A loan offer that was hard to pass up and some educationOne thing that I have noticed about Prosper is the high number of high risk borrowers. These people can't get loans in traditional places so they come to Prosper with hope. Some come with unreal expectations and some are put out when they don't get the loan. Not everyone is there because they can't... Sign in to see full entry.Tuesday, January 16, 2007So, can we finally start talking about Prosper?I joined Prosper last month and I have lent out $100 to people. $50 to two different people. Here's a quick refresher since it's been so long since I have talked about Prosper. Prosper is a place where people fund loans for other people, taking banks and credit cards out of the equation. One of the... Sign in to see full entry.Sunday, January 14, 2007I am a stock owner nowOne of our plans for this year was to divide up the money that we normally put into savings and invest it in other ways. The first thing we did was move much of our savings to an Orange account where it could earn more interest than our credit union pays. The next thing I did was buy a stock. Now I... Sign in to see full entry.Saturday, January 13, 2007What I track in addition to net worthThe net worth exercise was interesting and motivating and it's something that I'm going to update through the year out of curiosity. I like exercises that build money awareness for people. All that being said, I don't know what tangible use the exercise had. I don't know if net worth was created for... Sign in to see full entry.Friday, January 12, 2007So how does it feel to be worth less than nothing?I may not have been blogging here as much over the holidays but I was always looking into money matters. I'll be sharing what I've been doing in the next few days. At least the parts that I can remember. The nice thing about this blog is that money is a daily part of life so there always seems to be... Sign in to see full entry.Monday, January 8, 2007Words have power but numbers have their own beauty in truthI loved math when I was in high school. Not because math itself was fun or interesting but because there was a correct answer. When you write for English or a history essay exam, there is a bit of subjectiveness that comes into play. Even if you have things mostly right, your style might not mesh... Sign in to see full entry.Friday, January 5, 2007Reversing the flowI think this year is going to be a good year for my wife and I so let me throw out a disclaimer to start things off. I don't post this blog to brag about what we are doing. Anyone can do it. In fact, that's the reason that I post this blog. If my wife and I can go from where we were and succeed with... Sign in to see full entry. |
