Creditors have a secret they will do anything to protect. This secret -- kept in Manhattan penthouses by old cigar-smoking white men -- makes banks filthy, filthy rich. This secret allows the rich to rob from the poor. Despite its limitless power, … [Read more...]
The Three Year Rule
December 18, 2007 By
Next time you want to buy something and you can't pay cash, ask yourself: "Can I pay for this in full within three years?" I call it the three year rule, and if follow it, you will never find yourself overburdened by debt. … [Read more...]
A Prosper Update: One Year as a Prosper Borrower
December 14, 2007 By
It has been just over one year since I applied for an took a debt consolidation loan from peer-to-peer lender Prosper. One year in, I'm just as happy with Prosper as when I started. … [Read more...]
How Credit Card Usage Impacts Your Credit Score
August 10, 2007 By
You may have heard that carrying a balance on your credit cards – especially being near your credit limit – hurts your credit score. What I never realized is how much of an impact paying down that balance has on your credit. … [Read more...]
When Debt Leads to Suicide
July 30, 2007 By
Often, suicides are inexplicable. The reason for some suicides, however, is black and white…and red. How does debt get so bad that death is the only escape? … [Read more...]
Six Good Uses for a Prosper Loan
July 27, 2007 By
I can hear you all yelling at me now. “Don’t go into debt!” “Don’t go into debt”. But what if you have a good reason to get a loan? … [Read more...]
An Update on My Experience With Prosper
July 26, 2007 By
I wanted to post an update of my experience with Prosper, the peer-to-peer lending network where people can get personal loans or lend money and actually get a better return than at even the best savings accounts. … [Read more...]
An Introduction to Prosper and Peer-to-Peer Lending
July 26, 2007 By
If you haven’t heard about peer-to-peer lending sites like Prosper and Lending Club, the sites where people can lend money directly to others who need loans, I’ll be writing today, tomorrow, and Friday about this cool new alternative to … [Read more...]
Do You Donate When You're In Debt?
July 9, 2007 By
This article about waning college donations from debt-laden graduates is hardly news to me. Many days I find both student loan bills and donation solicitations from my alma mater in the mail. Of course I want to give back, but cutting that check is … [Read more...]
I'm David Weliver. At 26, I had NO savings and NO financial plan. I was maxed out, stressed out, and fed up. Then, I changed. I repaid $80k of debt, tripled my income, and bought a home. I'll show you how to get similar results. 