One of the hot financial topics today is identity theft. And if you think it can never happen to you, you are wrong. According to the Federal Trade Commission (FTC), there were 1.3 million people falling victim to the crime, which accounts for 21% of total complaints. Here are some examples of identity theft that I have first and second-hand experience with.
I recently switched my life insurance from Liberty Mutual to Genworth. The first time I got my term life policy, it was difficult for me to get a decent policy because I ran into a shady agent who somehow got me into a poor health bracket and recorded the information in the Medical Information Bureau (MIB). Fortunately, the agent at Liberty Mutual helped me worked through it and got me a decent policy with $500,000 coverage.
Many people like to dream big and think big. Unfortunately, the sheer amount of effort to accomplish their big goals simply overwhelms them. For instance, take a routine activity like walking across the street. You take one step at a time and you get the job done. But if I ask you to leap across the street, could you do it? This is why you should dream big and think small!
People are greatly divided on the topic of early mortgage pay off — some say it’s a good idea, others disagree. This topic is highly debatable because there are so many factors to consider, and even a slight change in one of these factors could swing the answer in one way [...]
Editor’s Note: We are thrilled to have Pinyo from Moolanomy as a guest author for Cash Flow Sherpas. Each month, we will republish one of his articles on our site. Enjoy!
I believe that cash flow is one of the most powerful concepts in personal finance. People tends to know how they feel about their personal [...]
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