Experiments in Investing for 2015: Private Lending Pools with Lending Club

LendingClub logo landscape lrg

I’m committed to trying several new ways to make money investing in 2015. One way, new to me at least, is Lending Club. This is a way to make direct loans to individuals by pooling my money with hundreds of other investors - the industry term is Peer to Peer (p2p) lending. This allows me to diversify my private lending portfolio since I have a very small amount invested with any one loan. By small, I mean $25 - $50. Lending Club isn’t the only direct private lending vehicle but it is one … [Read more...]

Measuring What Matters – Your Net Worth

Increasing Net Worth

If you want to know if you’re truly financially successful, you must regularly calculate your net worth. It’s not the only number you need to know -   >> your investment ROI (return on investments) and   >> passive income as a percentage of your living expenses        are both important - but Net Worth is in the top three!   And, it often has nothing to do with perceived wealth. Most anyone with an above average income can borrow enough to fund a wealthy looking … [Read more...]

Sucker = Investor?

Banks pens trust quote

Some people never become investors because they’re afraid of being conned. The stories become the stuff of legends and, for the fearful, they define the financial landscape. My mother never quite trusted banks, she probably was indoctrinated with the fear as a child born near the end of the Great Depression. So, as she considered the end of her life, she decided to save a few thousand dollars to cover her funeral expenses. Instead of opening a bank account for her savings, she stashed the … [Read more...]

Is It Too Late? Money Lessons You Should of Learned in School but Didn’t

piggy bank graduate cap

Funny thing about Money Rules - you either learn them from teachers or learn them the hard way, by making mistakes. If you’d like to avoid the entire “Hard-Knocks University” program, put these financial lessons from the MoneyDiva to work. Start Investing Early and Keep at It So, you didn’t open an IRA or 401k when you got that first job? Better to start now than never! Yes, compounded interest and investment returns are what makes the average saver/investor wealthy (Einstein’s famous 8th … [Read more...]

Investing 101: Types of Investors and Traders

risk reward quadrent

Many new investors find the classifications or styles of investing confusing. When you first start studying about equity (and debt) investing, you’ll find many teachers and authors talk about styles of investments and investors. These classifications often vary by the school-of-thought the author subscribes to but let’s define some of the most common. First up, we have the Fundamentalist You might also hear this style called Buy and Hold (or Buy and Pray by some cynics). The name refers to … [Read more...]

Are You Sabotaging Your Financial Life?

money gremlin

... maybe not intentionally - you say you want to be wealthy, or at least secure… and yet, so many people’s daily choices about how they make, spend and save money lead to a financial dead-end. Are you doing any of these 5 things that pretty much guarantee you end up broke?     1. Overspend -      Either don’t budget or avoid delaying gratification by       going off budget 2. Acquire Too Much Long-term Debt -    Leverage up early in life or when income is waning 3. Don’t Make a … [Read more...]

Got Money? Know How it Works?

Economy-Heartbeat

Take a few minutes and improve your understanding of economic principles by watching this engaging video: Tell us what you think in the comments below... Live Long and Prosper, Leah the MoneyDiva.com … [Read more...]

Timing the “Markets” with Warren Buffett

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 Biggest investing mistakes? Sins of omission according to Buffett. Meet me at the bar next time you have some cash burning a hole in your pocket! Live Long and Prosper, Leah the MoneyDiva.com … [Read more...]

What’s Stopping You – Budgeting and Planning Obstacles

Cat-Plan-fail

It’s hard to find anyone who’s willing to argue that planning and goal setting won’t help secure a better, more secure, financial future. So why do so many of us fail to plan? Manana/tomorrow is the most common excuse people make when asked to spend time planning, goal setting and budgeting. We’ve always got more pressing things to do today. Problem is, successful 21st century living requires that we overcome some pretty strong biological impulses - some of which helped us (as a species) … [Read more...]

#1 Secret to Joining the Wealthy: Nix Your Bad Money Habits

rich-woman-bathing-in-dollars

Honestly, you can’t believe that you’ll ever move up into the wealthy class behaving like a poor person, can you? Whatever you’ve been telling yourself, why you Can’t save money, Don’t have a substantial investment portfolio, or Just don’t seem to be making progress on your goals… Start by admitting they’re excuses for doing what you want NOW at the expense of your financial future. Can You Be Happy NOW, and Later? Delaying gratification is a well known and proven attribute of … [Read more...]

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