Endless Branches

I never thought I’d say this when this all began, but this quarantine and horrific disease has caused me to do, among several options, one specific thing: branch out. Yes, you read that correctly. It has forced me, from the confines of my nyc apartment, to reach out to those that I don’t talk to often enough. It has guided me to reach out to those who might need a boost (and sometimes they reach out to me for the same). It has pushed me to re-think where my life is and how I can get to the next point. It has shown me that what I was doing was decent then but it no longer works now. It has pushed me to grow stronger due to the stress of everyday living around here. It has made me realize who my true friends are. It has shown me more about myself than I realized it would (or could), and where I am vs. where I think I am as a person. It has proved to me that I can do much more and better than I assumed would be possible. In fact, the very first day of my isolation my one of my biggest worries was how well I would mentally handle being inside for such a long period of time. I’m an outdoors girl. I need the fresh air ALL of the time and space to burn energy. That is all still true, but my newfound ability to adapt and keep calm under these circumstances is something that I didn’t think I could do. I have. I’m proud. I’m also blessed that I am able to spend time at home and be healthy, as others may not have a home or may be struggling in the hospital. I count my blessings for this. I am a lucky, lucky person for all of the great people in my life. Ironically, being stuck indoors…has forced me to branch out in ways that I never imagined possible before. I hope you are feeling positive, world, and all my best to everyone out there. We will get through this together.

A lonely walk…but lots of beautiful branches to see/connect with. It’s hard…but we’re all in it together.

RDP Wednesday: Hold My Hand

Within seconds of reading today’s prompt, the very first thing that popped into my mind was my mother. The one helping me through all of this. She is a pillar of strength, and I can only hope to be as strong as her someday. Hopefully that day is soon. I’m very blessed to have such a good example in my life. I feel for those who don’t, as it is a very tough lesson to learn on your own. Here’s to the hand holders, the confidantes, the strength-givers, and the positivity offerers. Here’s to the helpers. Here’s to the examples. Here’s to the people working every day to fight this thing and conquer it; and conquer it we will. Here’s to the advocates. Here’s to the non-profit organizations offering any and all assistance. Here’s to the heroes. Here’s to the nurses, doctors, emt’s, hospital workers, police officers, grocery workers, drug store employees, and ALL of the helpers. I am so grateful for you. Living in NYC during this trying time is not easy, and I see the essential workers headed in day in and day out, putting themselves on the front lines while we have the blessing of staying safe at home. I truly hope that the world remembers and celebrates these heroes, courageously fighting the one thing that is terrifying so many, long after this pandemic. May we remember just how much they have done for us. May we fight for their benefits and their health. May we unite to be of service to each other. May we repay them with kindness and fabulous paychecks. Also, here’s to the teachers, who are currently adjusting to an entirely new way of teaching. Here’s to the educators who are working to provide assistance to the families with children at home by any means necessary. Finally, here’s to the world. May she heal during this time. May we learn to treat mother nature far better than we have for a long time. Also, here’s to you, dear ragtag community members and readers. We can do this.

RDP Monday: Daylight

Daylight…daylight, daylight, daylight. Daylight? How many ways can I say the word daylight? Could it be in a poem? Could it be in a narrative? A story? Or just in my random musings on the word? Personally, discovering what this word brings up for me is pushing me in the direction of doing a brain drain, if you will; just writing what comes to mind without judging it and starting the energetic flow of writing. These past two days I’ve been inspired to write poetry, but today just a stream of consciousness post is where it’s at, I guess. I miss daylight here in NYC. I love the sun shining bright, lightening up your mood, like it does so often in Colorado, where I grew up. They say the state has 300 days of sunshine per year. I believe them. It shines during the winter, spring, summer, and fall…but in reality there’s basically only two seasons in Colorado: winter and summer…and a very short spring. Colorado seems to get about a week of fall, lol, and it’s been known to snow up until June, maybe even July if you go up high enough. But the one constant in all of the seasons is daylight. It’s very rarely gloomy in Colorado. The air is crisp and the sun is bright. The sky is colorful, with vibrant colors extending across the horizon each evening. There’s nothing like a Colorado evening/sunset. Truly, there’s nothing that compares. It’s beauty is unmatched. It’s hiking is unparalleled. Standing alone at the top of a 13,000′ ski slope makes you feel like you’re on top of the world. It freshens your point of view and your lungs. It’s power is unrivaled. I love Colorado.

Let’s Talk About Prosper

While researching different p2p (peer to peer) lending platforms, I learned that the two most popular and mainstream options are Lending Club and Prosper. They have similar set-ups and goals, but they certainly differ in their requirements to be a lender. They’re both great, it just depends on how much money that you have to start off with. Lending Club requires a starting amount of $1,000.00. That also means that you could start to make a decent monthly return (don’t forget that return includes BOTH principal payment and interest together, not just interest). My financial situation does not allow for me to have a free $1,000.00 hanging around…yet. I’ll get there eventually. Patience is key in the financial improvement world when you have little to start with. In comes Prosper. Honestly, I know more about Prosper than Lending Club simply because I am able to invest with them. Prosper only requires a first deposit of $25 and the minimum to invest in a loan is $25.

 

So yay! You’ve ready to invest your first $25 into a loan! Where do you start? What’s your game-plan going to be? Don’t know yet? Neither did I, and I’m still learning and growing. Bear in mind this one awesome detail: you don’t have to fun an entire loan by yourself (and in my opinion you probably shouldn’t). You can put in as little as $25 per loan. These loans are funded by a large group of investors, not just one, so it’s less risky if you invest in many loans with smaller amounts, than one loan with a larger amount. How do you choose which ones to invest in? It’s tempting when you get on the list of available loans and you see that D grade loan with a 23% interest rate that looks so attractive…soooooo attractive. Then you see the A grade loan next to it that looks…not quite as attractive. You think to yourself: really? 7%? Ugh. But there’s something important about the difference between these two loans and it’s a huge deal when you can’t afford to lose any money. As attractive as that high interest loan might seem…it may not be the best option for you…or it could the be that the A grade loan isn’t right. I’ll tell you why.

 

When Prosper vets’ borrowers they have a multi-step process. Borrowers enter information about their finances including their income, what the loan is for, etc. Prosper also tells the individuals funding the loan valuable information that could sway an investor one way or another. Prosper rates each loan based on historical statistics of loans of its kind. The ratings go from 1-11, with 11 being the more secure loan to invest in, and 1 being the riskiest (according to Prospers algorithm). Personally, I know that people make mistakes just like I have, so I give a little wiggle room when it comes to the grade and I generally accept 7 or higher. I think about it like this: on paper I did not look that great in the past, but I’d not default on paying a private loan to anyone, as I know that people work very hard for their money just like me. Therefore, I know that Prospers number grade may not encompass the entirety of that borrower. Even with their advanced systems they can’t avoid a borrower who may default on their loan who may have a great numbered grade. It’s unfortunate, but it’s true. Then I look further because I need more info to decide, but Prospers grade is a good starting point. I’ll let that info sink in for now.

I know it’s a whole world of financial possibility that I’ve introduced you to, and we’ll talk about the next steps in my consequent posts. Remember, you can always message me questions and I’ll get back to you asap!

 

P.S. Also, please remember to consult a certified financial advisor when it comes to the big decisions that you need help with. Although I have knowledge in this area, I would not pretend to be an expert. Happy financial improving! 😊

Definition of Tranquility

Definition of Tranquility

Let’s Talk About Prosper

While researching different p2p (peer to peer) lending platforms, I learned that the two most popular and mainstream options are Lending Club and Prosper. They have similar set-ups and goals, but they certainly differ in their requirements to be a lender. They’re both great, it just depends on how much money that you have to start off with. Lending Club requires a starting amount of $1,000.00. That also means that you could start to make a decent monthly return (don’t forget that return includes BOTH principal payment and interest together, not just interest). My financial situation does not allow for me to have a free $1,000.00 hanging around…yet. I’ll get there eventually. Patience is key in the financial improvement world when you have little to start with. In comes Prosper. Honestly, I know more about Prosper than Lending Club simply because I am able to invest with them. Prosper only requires a first deposit of $25 and the minimum to invest in a loan is $25.

 

So yay! You’ve ready to invest your first $25 into a loan! Where do you start? What’s your game-plan going to be? Don’t know yet? Neither did I, and I’m still learning and growing. Bear in mind this one awesome detail: you don’t have to fun an entire loan by yourself (and in my opinion you probably shouldn’t). You can put in as little as $25 per loan. These loans are funded by a large group of investors, not just one, so it’s less risky if you invest in many loans with smaller amounts, than one loan with a larger amount. How do you choose which ones to invest in? It’s tempting when you get on the list of available loans and you see that D grade loan with a 23% interest rate that looks so attractive…soooooo attractive. Then you see the A grade loan next to it that looks…not quite as attractive. You think to yourself: really? 7%? Ugh. But there’s something important about the difference between these two loans and it’s a huge deal when you can’t afford to lose any money. As attractive as that high interest loan might seem…it may not be the best option for you…or it could the be that the A grade loan isn’t right. I’ll tell you why.

 

When Prosper vets’ borrowers they have a multi-step process. Borrowers enter information about their finances including their income, what the loan is for, etc. Prosper also tells the individuals funding the loan valuable information that could sway an investor one way or another. Prosper rates each loan based on historical statistics of loans of its kind. The ratings go from 1-11, with 11 being the more secure loan to invest in, and 1 being the riskiest (according to Prospers algorithm). Personally, I know that people make mistakes just like I have, so I give a little wiggle room when it comes to the grade and I generally accept 7 or higher. I think about it like this: on paper I did not look that great in the past, but I’d not default on paying a private loan to anyone, as I know that people work very hard for their money just like me. Therefore, I know that Prospers number grade may not encompass the entirety of that borrower. Even with their advanced systems they can’t avoid a borrower who may default on their loan who may have a great numbered grade. It’s unfortunate, but it’s true. Then I look further because I need more info to decide, but Prospers grade is a good starting point. I’ll let that info sink in for now.

I know it’s a whole world of financial possibility that I’ve introduced you to, and we’ll talk about the next steps in my consequent posts. Remember, you can always message me questions and I’ll get back to you asap!

 

P.S. Also, please remember to consult a certified financial advisor when it comes to the big decisions that you need help with. Although I have knowledge in this area, I would not pretend to be an expert. Happy financial improving! 😊

Let’s Talk About Finances…

I can hear the collective groan now…do we, as artists really have to think about finances? Well, first of all, we’re still people, too, so the answer is: yup (unfortunately). I know that money and art don’t necessarily go hand in hand (I’m there with ya). I would like to share some information and tips that I have learned in the last year or more to help my fellow artists (and anyone who’d like assistance) to better their lives by improving their financial portfolio. Now, I am not a financial advisor or a guru of some sort, so please get professional help if need be and look at your finances with an advisor. These are simply the musings of an artist trying to get by!

About two years ago I was financially flailing. My credit score was about 1-200 points lower than it is now, and I came to the realization that a low credit score was really harming my ability to pay off a credit card that I’d gotten when I was young (and how that debt got there: that’s another story filled with me having no idea about the repercussions, aka interest, of my actions when I was younger). This debt has followed me around for years. Since I had such a high interest rate that was forcing me to throw money down the toilet every month, I decided that I needed to start working on improving my credit so that I could better my situation gradually. I also knew that I’d be moving out on my own at some point and that my credit would need to be elevated. Ah, being an adult. IT WAS DAUNTING. So…I started researching ways to slowly incorporate better financial strategy in my life.

The first step…is the hardest one: grabbing the bull by the horns and combing through your statements to see where you can begin to curb your spending. For me it’s been my Starbucks habit (I now only go once a week and I’ve cut my spending down from about $200+ to $50-$60 per month, at most). So yay! I get a special date with myself once a week and I get to keep more money, too! I know, it’s painful, but you can do it, as well! Think about it this way: for me that’s about $1,680 in savings per year…that could definitely pay a few monthly bills! What do you do that slowly demolishes your pay? The second step: still pretty daunting, but very liberating once you face it.

The 2nd step is to find out if you’re eligible for a credit card. I recommend applying for a secured credit card if you’re ready because they are designed to help those of us who are re-building our credit health. The way they accomplish this is by only having a very small credit limit (mine with Capital One was $200) so you don’t go overboard with your spending. It’s a great way to practice changing your habits while having a safer system than a regular credit card. There are lots of offers out there, but I recommend using Capital One because it comes with an easy to use set of tracking tools. The app allows you to see exactly how much credit you have and have used. It also informs you about your financial health by consistently showing you your credit score, providing information about the factors effecting your credit, and giving you tips on how to improve your score. By following the steps suggested, you can start to build your confidence in your financial setup. I have come to find out through my own experience how important and beneficial this is. In the last two years I have grown financially and I’ve realized many things, but one of the most important things I came to realize is that it is very expensive to not have money. Having a great credit score means that you will be offered better deals on financial products, especially interest rates. Interest rates are where the bank gets your money. With high interest rates you end up paying the bank more money in the long run because you have a low credit score. With a higher credit score the bank gives you a lower interest rate, and you end up paying less money in the long run than you would have otherwise. Weird, right? It seems backwards, but I hope to inspire you to think outside the box and turn the cycle back in your favor as I am trying to do on my end as well.

These ideas are just scratching the surface and there is more to come. Stay tuned and have a great day!

 

Disclaimer: please do what is best for you financially. My tips and ideas have worked well for me, but each situation is different. For personal advice please go to a financial advisor and find out your options.