Sorry about the lack of posts lately! I have been working a ton in preparation for my 10-day mission trip to Nicaragua.

As I was thinking about all I have had to do just to be able to actually go on this mission trip, I could not help but notice how trapped I am by my job. Don’t get me wrong. I love my job. But in order to actually receive a paycheck, I have to actually show up and get things done. I am more or less tied to my desk from 8am to 8pm, Monday through Friday, and sometimes Saturday and Sunday as well.

Wouldn’t it be nice,  if I could earn the same amount of money form anywhere in the world? If I had my passive streams of income properly established, I could grab an i-phone, get on a plane and make money from just about anyplace on earth. Automated income is indeed the key to achieving the lifestyle that I want.

Recently, I purchased One Week Marketing, from a Master Marker named Jennifer. Her no nonsense, streamlined approach, has really got me thinking and dreaming.  It has helped me realize that I can achieve my goals. Having a plan is the first step. Everything else is about execution (which is what I am good at).

I want to go on another mission trip in 24 months. When I do, however, I want my passive streams to keep on earning money for me while I am away.

What about you? Are you tied to your desk each day? If you did not have to work, how much could you get done?

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2 Corinthians 9:7 – God loves a cheerful giver.

Yesterday, I slapped a few stamps on my last few tax returns I had to complete and put them in the mail. I cannot tell you how satisfied this makes me. Not only did I get a chance to learn an entirely new skill set, it saved my company tons of cash; which is something every business needs right now. Motivated by my efforts, I have decided to start my own small business, centered around finance and accounting over the next six months. I want to be ready to strike hard during tax season next year.

Following John’s lead, at passivefamilyincome, I started a new passive income stream this week; LENDING CLUB! Just by signing up, I earned $50. I have already lent this money out to two separate borrowers. I decided to play it safe thus my current expected interest rate is 9.63%.If you are planning on joining, please consider using this LINK. You can choose to withdraw your $50 right after you sign up so it is worth your time!

Additionally, here are a few posts that I really enjoyed this week from my RSS reader.

Christian Personal Finance is giving away a copy of Fireproof. This is such a powerful movie, with an incredible message. Every married couple should watch this movie.

Dave, from DoYouDaveRamsey, discussing hourly wages and how you can tell a lot about a person by his answer to “How much do you make?”

Kevin, at NoDebtPlan, explains how to start the drug store game. I recently started dabbling in the CVS game with limited success. Over time, you can save some decent money playing these games.

My friend Pat, over at SmartPassiveIncome, just banged out $23,000 in profit during the month of February. Get this, most of that time he was getting married and on his honeymoon.  I have started working on my first study guide. It is hard not to get excited when you read about his success.

John, at PassiveFamilyIncome, discusses his eHow earnings for February. In fact, I  signed up with Lending Club after reading this eHow article – How to Earn Over $100 in 5 easy Steps. His articles are producing him a nice little stream of consistent passive income. I wish mine would start to produce those types of results. Thanks again my friend!

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I look forward to reading PassiveFamilyIncome’s peer-to-peer lending reviews each month. Peer lending is one stream of income that always interested me, even though I never seemed able to pull the trigger. I cannot stand what is going on in the credit card world right now.

How is it fair that the credit card companies can change your interest rate even when you have never been late? How is it legal that they are able to charge someone 25% interest? How is it ethical to hit a borrower with over-the-limit fees when the stupid interest is what put them over the limit?

All of these things have bothered me for years. Today I have decided to do something about it.

I first read about peer lending on PFI. I think that John mostly used Prosper and Lending Club for his lending. Since Prosper is currently not accepting new lenders, I joined Lending Club. The cool thing about this is that since I joined under someone else’s link, Lending Club gave me $50 to start my lending career off right! Not a bad return on investment.

It took about 5 minutes to complete the paperwork and I was off and running.

Now comes the hard part. I have to decide who to lend my money to. Since this blog focuses primarily on debt reduction and passive income, I have decided to make this my lending criteria:

• Credit Score Over 700
• Using Loan to Reduce Debt
• Zero Delinquencies in Past 2 Years

What do you think? What is your lending criteria? If you are considering trying peer lending, please consider using the following link – LENDING CLUB. It will give you $50 (FREE) and me another $25 (I think).

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