$23,758 in February Income – My Monthly Online Income Report

$23,758 in February Income – My Monthly Online Income Report

Welcome to February’s online income report where I show you how I make money online. It’s time to look at my monthly income update and track how I did last month.

Background information on my monthly online income reports.

If you are new here, you might be wondering why I publish my online income reports each month. If you are not new here, then you can just skip to the next section :)

This all started out as my side income report because in the beginning it was all about the money I was earning from my side jobs. In my side income reports from the beginning, I included all of the income I made except for what I made at my day job (that was a fixed amount and boring anyways).

However, I left my day job as a financial analyst in 2013 (wow, I can’t believe it’s already been that long) and now my monthly income report consists of the many different ways I bring in an income each month.

[Read more…]

How To Avoid The 3 Biggest Risks In Peer Lending

How To Avoid The 3 Biggest Risks In Peer LendingHello! Here is a post from a blogger friend. Peer lending is something I have been interested in learning more about, so I thought this topic would be perfect for my readers. Enjoy! 

If you haven’t heard about the peer lending revolution yet, you soon will. Both companies in the space, Prosper and Lending Club, are issuing more than $100 million in new loans every month.

The revolution in peer lending is opening a new world to investors but many are being caught off guard. Know the risks and resources before investing in online loans and you might just find one of your favorite investments.

 

Peer lending is taking the power from big banks

The first peer loans were made on Prosper nearly a decade ago but the movement has only just begun to gain momentum over the last year. It took Prosper over eight years to originate a billion dollars in loans. It took the loan platform just six months this year to originate its second billion.

Peer lending is the coming together of the online world and traditional lending. Borrowers fill out an application for up to $35,000 on a lending website, either Prosper or Lending Club in the United States. After a credit check and review, the application is assigned a credit rating and an interest rate.

The loan request then goes live on the website for investors to fund. Investors decide how much they want to fund in a particular loan, as low as $25, and in how many loans they want to invest. Once enough people choose to invest in a loan and it reaches its requested amount, the money is deposited in the borrower’s bank account.

The borrower makes regular payments to the lending website, as with any loan, and the website passes payments on to investors. The concept is nothing new, people have been investing in bank loans for ages but they’ve always had to go through the bank or a brokerage firm.

Peer lending is changing all that and connecting borrowers with investors directly. [Read more…]

Should You Rent Or Buy? – Why I’m Excited To Rent

Should You Rent Or BuyWe are currently in the process of settling into our new home in Fruita, Colorado. This move came quickly and we are enjoying our new home so far.

Ever since I announced that we are renting our current home, I have received many questions. Some for some reason have given me flack for deciding to rent, whereas others understand why we made this decision.

While we loved owning our last home and there were many positives, owning this time around would be a huge hassle.

I believe there are positives and negatives when trying to decide whether to rent or buy a house, and our reasons for renting this time around clearly outweigh buying.

Below are the many reasons for why I’m excited to rent a home. Hopefully the below will help you decide whether you should rent or buy a house as well if you are stuck in a similar situation. [Read more…]

8 Ways To Get Motivated And Reach Your Goals

How To Stay Motivated And Become SuccessfulFinding motivation can be a hard task for anyone.

Motivation is important because it can help you keep your eye on the goal even when you want to quit.

Motivation will help you continue to work hard towards your goal, even when it seems impossible.

Motivation is what keeps you going so that you do not quit.

Without motivation, most people would give up on a goal very easily. This is why it’s so important to learn how to stay motivated.

Whether your goal is finance-related, career-related, family-related, lifestyle-related, or something else, there are many ways to help you stay motivated so that you can reach it.

Below are eight ways to get motivated so that you can reach your goals and become successful. [Read more…]

Our Moving Expenses And Moving Checklist – Colorado Move Update

Moving To Colorado On A Budget & A Moving ChecklistToday, I’m going to talk about our move to Colorado. It kind of popped up out of nowhere but now we are right in the middle of it all. I can’t believe how quickly everything is moving along and I am extremely excited.

Out of all of the moves we’ve done, this one is definitely the largest. We’ve moved a few times now, but they have all been fairly cheap and short distance moves.

However, after collecting, hoarding, and buying things over the last 5 years, we have many more items to move this time around. Even if we were just moving across town it would be difficult with all of our stuff.

Moving to Colorado will be our longest move as well as our most expensive. I’ve heard of people spending over $10,000 moving, and that is something we didn’t want to come anywhere close to.

Below are some updates for our move to Colorado, including our moving expenses and what’s left on our moving checklist. [Read more…]

Should We Keep Our House Or Sell It?

Should I rent or sell my house? Pros and Cons

Over the past few weeks, we have been going back and forth about what we want to do with the home we currently own in Missouri.

I realize I say this all the time about everything in my life, but I am an extremely indecisive person.

This decision has been a difficult one so far, and we are still leaning either way depending on the day.

There are many reasons for why we are undecided about what to do next as well. So, what should I do? Should I rent or sell my house?

Below are some of the reasons for why we keep going back and forth about whether we should rent or sell our house:

 

We love our house again.

We’ve been fixing it up and have been slowly falling back in love with it. I know, this isn’t a good enough of a reason to keep a house and it seems like we are just coming up with excuses to keep it. [Read more…]