I’ve been reading good posts today!
Jim at Blueprint for Financial Prosperity wrote a piece about the Opportunity Fund. It’s a great idea and it made me think about living like a business. Microsoft, Berkshire Hathaway, Google and Yahoo all have huge cash reserves. Why? Well they are all looking for the next big thing, and when they see it, they want to jump on it, not borrow for it.
J.D. is talking about the changes that come over you as you shift from spender to saver. I’ve noticed the same tendencies in myself (though D- would disagree) as we have paid off debt and worked closely on a budget. There’s also a classic post about how to turn $500 in $7.
Lazy Man it talking about Peer to Peer lending. I’m fascinated by the idea of borrowing and lending money circomventing banks. I don’t know if it’s a great idea yet. But it’s interesting to watch, and it may eventually become a viable industry.
Could good credit be a trap? Yes it could. Just because you have the credit to afford a house, doesn’t mean you can afford it. Here’s a better explination Jonathon.
