Will Bridges

I messed my credit up when I was very young. I’m actually happy about this in some ways. I’m glad I never had the ability to get caught in the credit trap. This is the trap where you finance a car, a house, nice amenities. and then you have to stay at a job in order to support the bank loans. I screwed up my credit by leaving bills unpaid in places I moved away from. I never screwed it up with credit cards because I have never owned a credit card. Because I could never get a credit card I could never build serious debt.

I only buy what I have money for and I save money for what I want. Sure, credit would make having nice things more convenient and easier. But, I don’t like banks and feel like it’s a trap for the middle class to be nothing more than working slaves to goods.

I saw an interesting site that lets people get loans from other people. Prosper. It’s part of the new trend of microfinancing which has been highly successful in bringing wealth and prosperity to people of the developing world. It’s a pretty interesting concept and for investors it seems like it would be a good way to diversify investments.