As I mentioned in an earlier post, peer-to-peer lending (P2P) is part of my financial freedom/retirement plan because it allows me to diversify my investments while earning 6%+ on my money. But I didn't know much about P2P. Late last year I decided I needed to change that. FYI, I actually wanted to try P2P many years ago but I lived in a state that didn't allow you to … [Read more...]

In both Why Another Financial Website? and How to Measure and Track Your Wealth I mentioned how the financial media often doesn't understand financial principles (which is evident because of the terminology they use) and thus give out incorrect information. Well, they do many Americans a similar disservice when they focus on return rate to the exclusion of other investing … [Read more...]

Last week I gave my initial thoughts on dividend investing. I thought it would be fun to follow that post with the story of someone actually doing it. This is a guest post from ESI reader (and a friend of mine) Mike Hunt. I asked Mike to share a bit of his personal financial situation and then share his strategy and results in dividend investing. Enjoy! ESI Meet Mike Hunt At … [Read more...]

I have seen numerous articles on the recent stock market decline. The news media is in a frenzy claiming the end of the world is near, and that we're all going to lose everything by the time it's over. It's what much of the media does best: take an issue and sensationalize it to the point of terror. Or at least that's what they like to do. As you have probably guessed, … [Read more...]

Let's discuss the third step to wealth, the "I" in "ESI Money." As noted in the explanation of the site's meaning , the "I" stands for "Invest." (Just to keep everyone up to speed, earn and save are the other two.) Investing is the step that super-charges your net worth and opens the door to high levels of wealth. It does this by taking the cash flow … [Read more...]