One late payment can kill your credit score. Therefore, it is very important for you to be diligent and pay all your bills one time. The higher your credit score, the easier it is to access credit (borrow money). In addition, you get to borrow money at a lower rate. FICO gave a small peek […]
How One Late Payment Can Kill Your Credit Score Read More »
Patch Homes has rebranded to Noah in 2020 and has raised more funding. This post is a Patch Homes / Noah review. Unfortunately, as of 2024, Noah is no longer in business after 7 years. Its founder, Sahib Gupta is now a portfolio manager at Point. I’ve got around $1,800,000 in home equity locked up
Patch Homes Review: A Better Alternative To A Home Equity Line Of Credit Read More »
SoFi started in 2011 and is a lending company that recently surpassed $15B in funded loans as of 2017. They have 225,000+ customers, 240 employees and have raised $1.9 B in equity funding after raising $500M led by Silver Lake in February 2017. Here is my SoFi review. The company was founded by Mike Cagney, Dan
SoFi Review: Social Lending For Student Loans, Mortgages, Personal Loans Read More »
Everybody needs to borrow money some time. Peer-to-peer lending is a good alternative if you don’t want to pay usurious rates from loan sharks, if you’ve been denied a loan by your local bank or credit union, or if you are just too embarrassed to ask someone you know for help. From $1,000 for an
The Main Reasons To Borrow Money Through Peer-To-Peer (P2P) Lending Read More »
Student loan debt is at a record high at about $1.8 trillion. In a January 2023 report, the analysis showed that the average debt per borrower was over $37,000 for federal student loans and nearly $55,000 for private loans. But is it really a big deal when incomes are at record highs and the unemployment rate
Average Student Loan Debt Is At A Record High – Where’s The Crisis? Read More »
My biggest weakness is being unable to generate enough organic motivation to keep on hustling. I used to get up by 5am every weekday to work for 2-3 hours before work. Then I’d get home by 8pm and work another 1-2 hours on my side hustles. There was this massive internal drive to go all out
Embrace Your Debt To Boost Your Organic Motivation Read More »
Consumer debt is bad. Please don’t accumulate credit card debt and other debt if you want to achieve financial freedom. During the depths of the financial crisis, one of the proposals I sent to the Obama administration was to institute spending curbs based on high school or college grade point averages. It didn’t matter whether
Should We Still Be Spending Money And Having Fun While Deep In Consumer Debt? Read More »
Guaranteed returns are always nice. Unfortunately, guaranteed returns are generally very low, especially in this low interest rate environment. Due to low interest rates, investors have been investing in risk assets for greater returns. The first thing we need to understand is money used to invest in a CD, pay down a mortgage, or pay off student loans should
When I got rejected from my mortgage refinance in early 2015 I was pissed. I was in the third month of waiting before I got the bad news. I had locked in an outstanding 2.25% 5/1 Jumbo ARM rate that could have saved me $400 a month for the next five years. Having an 800+ Experian
Should The FICO Score Be Eliminated? SoFi Creates A FICO-Free Loan Application Read More »
I went to a San Francisco FinTech meetup to hear a founder speak the other week. He said that after he was fired from his hedge fund job in 2009, he needed something to do. He told us how he was inspired to help his friends find the best credit cards. Thus, he spent hours
How To Sell Your Soul For A Buck Read More »
