Back in January I took $100 and invested it in something new and different–peer to peer loans. I made my loans with Lending Club and divided my “investment” into four different loans of $25. All are still current and one is even paying back aggressively. I’ll have another $25 back to reinvest around the end [...]

This isn’t the kind of “making money online” that I had envisioned, but it’s making money and isn’t any work at all, so I’ll take it! One of my Lending Club borrowers is especially ambitious and paid a large chunk of principal back yesterday. This means I’ve just gotten an infusion of cash that I’m [...]

Lending Club announced today a new self-directed IRA product. This is great news for folks like myself who are both self-employed and fans of P2P lending. If you want to start an account for the 2008 tax year, you need to be enrolled and have funded your account by April 15th. The account goes by [...]

I’m going to invest a little more money in Lending Club. If you’ve got a loan in funding, please tell me about it–I’ll consider it as I select one.

As I was taking a look at my Lending Club account, I realized I’d made a big mistake in my understanding of the process. In my Mint.com account where I usually view my account I can see the $1.27 of interest that I’ve earned in the past month on my $100 investment and I’ve been [...]

I’m an investor at Lending Club. I started out putting in just $100 because a friend suggested I try it. Now I think I’ll be contributing more frequently. You see, despite my broker’s best efforts (I am not loosing money in the market right now), my lending club is earning 10.98% while my IRA is [...]

This part of my strategy is mildly controversial and not yet totally proven, but it’s working for me and it’s a whole lot of fun. I’m going to encourage you to risk only what you can afford and give it a try. Our 401K, 403Bs and IRAs are tanking. We’ve literally lost 50% of our [...]

The average American household has about $9,200 in credit card debt. I hope you’re in the bottom end of average. I’ve busted more than this already in 2009 (and it’s only February) and I have just slightly more than this left to go before my debt-free goal of July 2009. It’s going to be close [...]

I truly hate the “a little here, a little there” approach to paying off debt. Sure, I know it works, but I hate doing it, it’s a pain. I’ll do it anyway now becuase I know it’s the right thing to do. Also, this week is midwinter break for our oldest daughter, and I thought [...]