The borrower paid on time and I received my cut.
$.86 in principle was paid back and I received $1.23 in interest.
That's pretty dang good. Not in the amount of course but in the ratio.
The most important thing about Prosper is learning what it's like to be on the receiving end of interest. The amount isn't that important.
Most of our money is going into paying debts off which doesn't leave a lot of money left over for investing. That's the way it needs to be for now. I won't say that it's impossible to get ahead while paying interest to someone else but it sure slows down the process.
There are people out there that will borrow money at a low interest rate and invest it in something that is supposed to earn them a higher interest rate. I understand the principle but for me, the answer is to owe no one. There is going to be a great feeling of freedom in knowing that I don't owe anyone money.
It won't just be a feeling either. It will be actual financial freedom. I'll go into that a bit more tomorrow.