Aug 26, 2013
It has been over eleven months since I opened my Lending Club account and started experimenting in the field of peer-to-peer lending. While I have been providing monthly updates on my little headquarters page, many have asked that I write a new post to summarize the results. So here’s the summary: With an annualized return…
Whew.. Mrs. MM and I finally signed, sealed and delivered both our income and property taxes earlier this week. Since I hadn’t made enough estimated tax payments on self employment income through the year*, it ended up being a pretty big bill. But it is done for another year, which is a fine feeling. This…
Can you Really earn 10% Annual Returns These Days!?! Find out at the MMM Lending Club Experiment Headquarters. In September of 2012, I started making a series of investments in the relatively new field of peer-to-peer lending, choosing a company called Lending Club as the destination. The goal is to see if the higher returns…
Adventurous readers may recall that we are in the middle of a Lending Club Experiment – on September 24th, I posted an article describing my first foray into peer-to-peer lending and promised to keep you updated on the progress of the investment. At the time I invested $10,000, and distributed it mostly among the higher-yielding…
It’s time to dive in and explore some interesting new investment options. I have some personal cash set aside, and the newly-minted Money Mustache Foundation has $10,000 of seed capital that we’d also like to put to work. On top of this, I have replaced the old $75,000 line of credit on my primary house…
This Mr. Money Mustache blog recently blew past its fifth birthday. In real life, things haven’t changed all that much: I live just a couple of blocks from where I lived in 2011. We are still retired and yet busily employed raising one boy. Still have the same cars and the same level of annual…
In April of 2016, I invested $10,000 into the new field of peer-to-peer real estate loans. I chose PeerStreet as the most promising subject at the time, and wrote about it in this article: High Efficiency Real Estate Investing with PeerStreet This tracks the results of the investment and keep up with news on the company…
Almost two years ago, I started getting reader emails asking me if student loan refinancing was a good idea, and if a company called SoFi was a good place to do it. Never having carried such a loan myself I wasn’t sure if I was qualified to answer, but other emails were coming in reporting…
I’ve always been a do-it-yourself investor. This habit started around age 19 with a series of ridiculous speculative trades in individual high-tech company stocks. “This stock is sure to go through the roof”, I would think, “because their products are so great.” This is a terrible way to invest. But after a few early financial…
The good news is, we sold our old house shortly after moving into the new one. The bad news is that the net proceeds (just over $400,000 after all related costs) are on the way to the bank account, where they will immediately become a sea of donut-munching, water-cooler-gossiping Idle Employees doing no useful work…
With over 500 articles published as of 2020 and still going, this has become a huge blog. But some people allege that it’s a good one, and thus they want to read as many of those posts as they can. In the olden days, that meant going to the first post, and reading and navigating…
It has now been a whole year since the MMM family made the jump to a low cost / high-deductible health insurance plan, so I figured it would be useful to provide an update on how the year has gone. The one we ended up with was called the “Saver80”, a barebones but useful plan…
