In no particular order, here’s a few interesting things I heard and read recently that I wanted to share.
The Equifax Breach – What You Should Know (Brian Krebs, Krebs on Security)
We’ve all seen the current event news lately as it pertains to the Equifax breach – but what does is mean to you? This is a great summary of what you need to know, and it’s implications. You would benefit if you read it in its entirety, but some points I took away as immediate followups:
- Enter your credentials on their site to see if you POSSIBLY could have been compromised.
- Regardless, you should enroll in their free year of credit monitoring.
- Consider “freezing” your credit with some of the major bureaus (Experian, Trans Union, etc.)
13 Money-Saving Tips (Bitrebels.com, Richard Darell; infographic designed by Beckon Media)
I love helping people budget! I don’t know if everyone likes budgeting nearly as much :o) but they all benefit if I can help bring some money-saving ideas to the table. It’s one thing to tell someone about the savings, but it’s another to show them using handy infographics to visually show the impact. For example, do you know how much money can be saved annually making coffee at home versus at Dunkin or Starbucks (answer: alot!). Did you know that using hot water for a load of laundry is 93% more expensive than simply using cold water? How about drinking tap water (even if filtered) versus stocking up on bottled water? The dollars add up! For anyone about to drop $1,000 on a new iPhone – this infographic is for you!
Forget boomers and millennials, Gen Xers need advisers’ help the most (Investment News, Liz Skinner)
I read a tremendous amount about investing, and in particular how to plan with the various generations of people. The bulk of my practice are clients considered to be “Generation X” (those born between 1964-1982) and I’m always interested in learning more about the Gen X mentality. Perhaps it’s because I am a Gen Xer myself, but I find I relate well to Gen X and I identify myself with them…so I will say “we Gen Xers”. We Gen Xers are unique because we got to experience life before the technology boom (and know with it), and we have lived through several market cycles already. We Gen Xers are in our prime money making years, but we are saddled with debt and make poor money decisions. We Gen Xers are often overlooked by the financial industry, and in my 20+ years in the business I can’t tell you how often industry experts would say, “you have to go after the baby boomers – 10,000 boomers are turning 65 every day…blah blah blah”. Well, We Gen Xers need help too. And I would be curious to know if other Gen Xers read this feel the same – please share with me your thoughts!