Lending Club Blog

The Money Marathon – Win

According to researchers in psychology, when a person does something that is not pleasant but receives some positive reinforcement afterwards, he will keep doing the task and go through the negative to experience the positive. This phenomenon can be seen in many areas of life. In running, it’s usually the natural high feeling from endorphins that keeps the runners coming back to running.

Many times this result occurs naturally, but often times the reinforcement has to be manufactured. For instance, you can give yourself a reward after doing something you do not enjoy. It doesn’t have to be anything fancy; it can be as simple as having a cup of coffee or tea after starting on a difficult report. This would be considered a small win and it’ll keep on reinforcing your behavior until you have accomplished your goal.

Apply this method to your Money Marathon also. An easy way to do this is to reward yourself every time you save, invest or cut costs. You can do this by contributing to your Fun Fund. When you contribute to your Fun Fund, you can imagine and plan what you will do with the funds in the future. This “day dreaming” or future planning is a small reward for taking an action that you might have otherwise put off.

The reinforcement of your small victories will serve to build up the habits and behavior that will be required to complete your bigger goals and finish the Money Marathon.

When working on your bigger goals, such as saving 10% of your income, investing a big amount of money or lending out thousands of dollars through social lending, you can set your sights on even bigger rewards, such as a weekend getaway or a big purchase you’ve been looking forward to making.

Your task is to associate the feeling of winning of with any activity that will bring you closer to winning your Money Marathon.

We at Lending Club wish you the best of luck with your Money Marathon!

Monday, December 31st, 2007 at 10:15 am

Comments (0)

Recommended

Welcome Home

Lending Club named #5 on Forbes’ Most Promising Companies List

Get ready for tax season with Lending Club’s Tax Form Guide

New Adjusted Return Metric

See more
Lending Club Awards
  • Archives z

Recent Posts

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

Lending Club Receives Tribeca Disruptive Innovation Award

Disruptive innovation comes in many… Read More »
April 29, 2016

Lending Club Business Financing Review

One of the biggest challenges of owning a small… Read More »
April 27, 2016

Lending Club partners with Funding Circle and Prosper to launch Marketplace Lending Association

Read More »
April 7, 2016

Lending Club Welcomes Maryland and North Dakota Investors!

We’re now open to retail… Read More »
February 23, 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