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Archive for the ‘Personal Finance’

Your Upcoming US Tax Rebate and What To Do With It.

February 06, 2008 By: LazyInvestor Category: Personal Finance, Taxes No Comments →

Upcoming Tax Rebate

US lawmakers have just approved a $170 billion plan to spur the slowing US economy. The centerpiece of this plan is a “tax rebate”.

Who qualifies?
One-time rebates will be sent to at least 117 million low and middle-income households, 20 million senior citizens living off of Social Security, and 250,000 disabled veterans.

How do I qualify?
To be eligible for the full rebate, a single tax filer must have his/her 2007 adjusted gross income (AGI) below $75,000 and joint filers must have AGI below $150,000. You must also file a federal tax return for 2007.
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Popularity: 2% [?]

Earning Great Returns Lending Money Online

December 13, 2007 By: LazyInvestor Category: Generating Passive Income, Peer to Peer Lending, Personal Finance 3 Comments →

Counting MoneyThe idea of lending people money online is a fairly new one and the possibilities are intriguing. A peer-to-peer lending site launched about a year ago Prosper.com (founded by the VP of Paypal) allows people to lend and borrow money online from each other. Prosper has become a huge hit with over $100,000,000 in loans and over 50,000 members in it’s first year of operation. Its unique business model allows you to limit risk by making many small bids of $50 or more on multiple loans. So instead of lending a $1000 to one person you are lending it to 20 people and if one or two happen to default you are still making money. You can pick who you loan to based on information including their credit rating, verified income, debt to income ratio and more. 
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Popularity: 5% [?]


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