Weekly Update – March 14 (2009)
14 March, 2009 (13:09) | Round-Up | By: 
Dusty
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
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!
If you have not subscribed to my feed yet, you can do so by click HERE!
Popularity: 36% [?]
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Comments
Comment from pfincome
Time: March 14, 2009, 11:22 pm
Dusty – Thanks so so much for all the press! I appreciate it. Good luck with your business. I think anything over 9% is a great return for peer lending. I know that Lending Club has stricter guidelines for borrowers than Prosper – so I think the number of questionable borrowers is a lot less on Prosper. Looking forward to reading you monthly updates!
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Comment from Covered Calls
Time: March 17, 2009, 7:50 pm
Passive income is a wonderful thing. Whether it is writing articles for eHow or selling covered calls, earning money while doing something else is so rewarding.
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Comment from Buy Stocks Online
Time: March 17, 2009, 9:01 pm
Peer lending is an excellent way to build your income streams provided you be smart in funding your loans. As Covered Calls says, combining sources of passive income is a great thing that will help secure your financial future.
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Comment from Kevin
Time: March 18, 2009, 9:07 pm
Congrats on the one year anniversary! A year of quality posts is certainly a great accomplishment.
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Comment from Steve
Time: March 20, 2009, 11:07 pm
I have a question: You stated that you have started working on your study guide: What kind of guide is this. Is this a guide you are writing for others. Or is it a guide that you picked up to start learning more about generating passive income?
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Comment from MoneyEnergy
Time: March 22, 2009, 1:42 pm
great ideas for passive income….I’d like to hear more about your study guide, too. I’ve got a few things to learn from you guys on that point. I’m still stuck in the “dark ages” of PPC and dividends:) LOL although I have to say it’s not doing too badly for me:)
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Comment from lulugal11
Time: March 23, 2009, 9:25 am
Good job on getting started with Lending Club.I have used it as both lender and borrower (just finished paying off my loan in full!!!!) and I love the site.
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Comment from Do You Dave Ramsey?
Time: March 14, 2009, 1:44 pm
Thanks for the link Dusty but also thanks for the links… you have a keen eye for quality links (yet mind still made the cut) as every one of these has been added to my “must follow-up” list.
My reader list gorws and grows!
Thanks again!
Dave