Lending Club Blog

The Big Picture

As we often deal with isolated transactions in our financial lives, it’s easy to get caught up in the minutia of personal finance. It’s important to periodically take a step back and think about things from a broader perspective, at which time we might even realize that wealth ranks pretty low on our list of priorities.

One of the reasons to take a big picture look at wealth is that it is such a broad subject. We need to consider things like savings, investments, real estate, stocks, bonds, mutual funds, retirement plans, college funds, trust funds, insurance, and asset protection just to name a few. More and more people could add P2P loan portfolios from Lending Club to that list as well. The point is that there’s so much to think about that we often just ignore any desires to try to get a handle on everything.

While it’s true that it may be too much to think about all of the financial topics in our lives concurrently, it is important to realize the interconnectivity of many of these topics. For example, we can’t fully understand our savings plans without considering how they are supplemented by retirement and college savings plans as well as insurance. Looking at investments without considering their accompanying risk poses a similar problem.

Of course, there is an even bigger picture than our financial lives to consider, namely how finances play into our overall lives. Most people aren’t looking for financial security for the satisfaction that a stockpile of wealth may bring. Rather, they see that security as a way to enjoy the things that are important to them. There are certainly many more important things in life than money, but building wealth is a means by which to have the time and resources to more fully enjoy those things that are important to us.

Monday, December 17th, 2007 at 5:47 am

Comments (0)

Recommended

Types of Loans 101

Growing Your Business By Using Capital

9 Reasons to Open an IRA

6 Reasons to Get a Personal Loan

See more
Lending Club Awards
  • Archives z

Recent Posts

Patrick Dunne: A Message to Investors

I wanted to take a moment to introduce myself… Read More »
September 29, 2016

Line of Credit vs. Loan

Lines of credit (LOCs) and small business term loans… Read More »
September 28, 2016

Types of Loans 101

There are many types of loans out there and… Read More »
September 16, 2016

Meet Patrick Dunne — Lending Club’s Chief Capital Officer

Patrick Dunne, Chief Capital Officer,… Read More »
September 8, 2016

Growing Your Business By Using Capital

Smart small business owners don’t wait to consider borrowing… Read More »
August 19, 2016

9 Reasons to Open an IRA

Retirement: a word that often comes with many connotations.… Read More »
August 5, 2016

6 Reasons to Get a Personal Loan

While it would be great if we all had enough… Read More »
July 29, 2016

Lending Club and the Marketplace Model

Some of our investors have observed the funding environment… Read More »
July 28, 2016

A Recap: Credit Strength on the Lending Club Platform

We are proud of our… Read More »
July 14, 2016

A Message to Investors from our President and Acting CEO

Today, our President and acting… Read More »
May 19, 2016

2014

We went public today!

Ringing the bell this morning at the New York… Read More »
December 11, 2014

New and Improved Statistics Page

We recently redesigned our Loan Statistics page to make… Read More »
November 13, 2014

Lending Club Honored with Economist Innovation Award

This month I was honored… Read More »
October 15, 2014

Welcome Vermont Investors!

Today, we’re thrilled to welcome residents of the state… Read More »
September 4, 2014

We filed to go public today

We filed a registration statement with the SEC today… Read More »
August 27, 2014

Our Billion Dollar Quarter

We’re excited to announce  that we’ve facilitated over $5… Read More »
July 8, 2014

Is Lending Club Available in My State?

Is Lending Club available in my state? That is… Read More »
July 7, 2014

Lending Club Joins Senator Cory Booker to Discuss Improving Access to Capital for Small Businesses

Read More »
June 20, 2014

Lending Club Named a CNBC Top 50 Disruptor for a Second Year

For the second year in… Read More »
June 17, 2014

PRIME is now Automated Investing

Lending Club is excited to announce that PRIME has… Read More »
May 14, 2014
View All w