Lending Club Blog

Three Financial Ships Are Sailing: Which One Are You On?

You might not realize it, but right now you are sailing on one of three financial ships. What are these ships? Where are they headed? The three ships are ships of your retirement. Where they are headed is a decision that you have made, consciously or as a result of the circumstances.

Let’s look at each ship in detail to help you determine what ship you are on and what final destination it will lead you to.

The Work Ship
– This ship will sail as long as your health can support it. Most people don’t plan on being on this ship forever. They think that somewhere around age of 60 they will be able to get off this ship and end up on a sandy beach with a beverage, but this usually does not happen. The people that are on the Work Ship have no choice, and end up working in the steam rooms until the world retires them.

The Investment Ship
– When you are on the Investment Ship, your money is working hard for you. To get onto the Investment Ship, you have to make an active decision to do so. The first step to get on this ship is finding out where you are now, so that you’ll know where you can go and what the possible final destinations are.

After you have made your decision, you can board the Investment Ship and put your money to work for you. There will come a time on this ship where you will no longer have to work, because your money will be able to do the work for you. This ship provides for ultimate security for retirement and is the safest ship of the three.

The Charity Ship
– This ship comes from the same shipyard as the Work Ship. Many people never plan on being on this ship, but they end up getting a free ride. The Charity Ship accepts all those that didn’t think about their finances, procrastinated, and never established goals.

The Work Ship, Investment Ship or Charity Ship – which ship do you want to be on? Start working on your finances now, so that eventually you end up sailing into the sunset on the Investment Ship.

Wednesday, June 27th, 2007 at 4:33 pm

Comments (1)

  1. AAA:

    I agree with you….But the problem is find a right way to educate
    and research on how to get on the Investment Ship.

    June 28th, 2007 at 3:16 pm

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

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

What is Lending Club?

More than one million Americans have achieved their financial… Read More »
February 16, 2016

Get ready for tax season! Lending Club Now Offering TurboTax Integration for Form 1099s

Read More »
February 12, 2016

Lending Club Success: Surpassing $16 Billion in Loans

Founded in 2007, Lending Club’s… Read More »
February 11, 2016

Credit Performance Update

Summary: Credit performance of our standard program is coming… Read More »
February 7, 2016

Critical Small Business Financing Issues

A recent Harris Poll survey conducted on behalf of… Read More »
December 17, 2015

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