I shouldn't have bought a home theater projector and screen, but I did. I wanted to pimp out my home theater room in the basement. The screen is 118" on the diagonal so it's going to be cool to watch movies on that big ass screen. I should've used the money to pay people back, but it's ok.
My new pledge is to have some fiscal responsibility starting now. I still need to get some yard stuff this weekend, but other than that, no more big purchases. I need to rebuild my oh shit money in case oh shit happens.
I was happy to see Prosper finished its quiet period so I can start making some money from that pretty quickly. The concept is pretty cool: people put up requests for money and you bid on them. Let's say someone wants to borrow $10k at 10%. You can bid anywhere from $25-500 (?) at any interest rate lower than 10%. Since an average savings account is dribbling out 1.5% interest, you can make more here. Of course, there is the risk that someone will default, but that's why you just bid a little on a lot of loans. You can spread the risk out. Even with the default, you can still out ahead. I think it's more stable than the stock market and you can help people rebuild their credit.
Each loan listing gives a range for the borrower's credit score. I thought I was doing well near 800, but some of those borrowers are in the 820-840 range. Holy moly. I think I can get up there thanks to my mortgage.