Apr
24
How Will Global Food Shortages Affect You
April 24, 2008 | Leave a Comment
For the first time in my lifetime, there is food rationing in the United States. The last food rationing that I know of occurred during World War 2. Countries around the world are experiencing food shortages and increased prices. What does this mean for world? What does this mean for US [...]
Apr
8
Lending Money on Prosper: What Are the Risks?
April 8, 2008 | 2 Comments
This is the 3rd post in a series of articles about Prosper.com. Prosper is a person to person lending site with an auction format similar to EBay. If you’re a lender you may want to consider the risks of lending money on Prosper before you start loaning money.
In my previous article on Prosper, [...]
Apr
7
What is Prosper and How Does it Work?
April 7, 2008 | 4 Comments
What is Prosper and how does it work? Prosper.com is a website for personal loans that allows borrowers and lenders to find each other in an Ebay style auction. I've been a member of Prosper for over a year. In this article I'll tell you how Prosper works.
In a previous article about [...]
Apr
3
Peer to Peer Lending with Prosper Et Al.
April 3, 2008 | 4 Comments
Maybe you’ve heard of peer to peer (p2p) lending. It’s also known as social lending or person to person lending. What is it and how does it work? I have some experience in this area so read on to find out what p2p lending is all about.
Borrowers
Consumer loans are big business. [...]
Mar
31
Retirement Revolution – Part One
March 31, 2008 | Leave a Comment
The US retirement system is about to face its biggest challenge. Baby boomers are set to retire in record numbers. Are the baby boomers prepared? Is the retirement system prepared? What about those of us who are still working?
Retirement Revolution is a PBS show on retirement hosted by Paula Zahn. [...]
Mar
7
Will Your Bank Fail?
March 7, 2008 | Leave a Comment
I’m sure you know that your bank account is FDIC insured. This means that in the event that your bank or financial institution fails (goes out of business); the FDIC steps in and takes over the bank.
When we say bank we really mean financial institution. Because the line is so blurred [...]
Feb
23
Online Savings Accounts: HSBC vs ING
February 23, 2008 | 3 Comments
Everyone should have a little cash stashed away for a rainy day. After all you never know when an emergency is going to come up. I first starting saving online many years ago with ING Direct. I really liked ING and their website is great. I liked them so much I [...]
Feb
17
Death and Taxes
February 17, 2008 | Leave a Comment
As I write this article it is tax time again in the United States. A time of year that strikes fear and dread in the productive and brings glee to those “in the cart*.” Those of that that produce something will have to pay taxes. Those of us who simply exist off [...]
Feb
8
On Advice
February 8, 2008 | Leave a Comment
When I started this site, I wasn’t sure how to approach advice to readers. I was really tired of the way most financial advice is given either in magazines, web sites or books. Most of it comes with a large helping of ifs-ands-or buts advising readers to seek professional counsel before proceeding.
One of [...]
Jan
11
Stages of Life
January 11, 2008 | 1 Comment
On our path to wealth it’s handy to know where we’re at. Much of our financial outlook is based on how old we are and our “stage of life.” What do we mean by stage of life? Humans have a pretty clear path through life. We pass through stages from being [...]