You may have heard or read in the news that millions of people's sensitive personal information was stolen from Equifax due to a massive cybersecurity data breach. As one of the nation's three major credit reporting agencies, this news is not to be taken lightly. 143 million Americans were affected and you could be one of them.
As per the Federal Trade Commission, "The breach lasted from mid-May through July." What was stolen? Names, social security numbers, addresses, birth dates, driver's license numbers, and credit card numbers. Many Canadian and UK citizens were affected as well.
The free-credit-score website, WalletHub has important advice for potential victims of this widespread data breach. These tips can help you deal with the present situation as well as aid in protecting yourself in the future.
24/7 credit monitoring is a valuable protective measure, as per WalletHub. Anthony Credit Expert concurs, "The best way to protect one of your most valuable tools to leverage wealth is with a 24/7 credit monitoring service. Credit Monitoring will keep you informed by providing you with 24/7 alerts and an updated Tri-merge Report and all 3 scores every 30 days." As per WalletHub, "This gives you the chance to quickly confirm the accuracy of the change and, if necessary, start sorting out any problems before they really get out of hand. Any suspicious credit-report change can be a sign of fraud."
WalletHub also recommends enabling two-factor authentication. It adds another layer of protection to inhibit a thief from hacking your account. According to Secure Envoy, "Two Factor Authentication, also known as 2FA, two step verification or TFA is an extra layer of security that is known as "multi factor authentication" that requires not only a password and username but also something that only, and only, that user has on them. Using a username and password together with a piece of information that only the user knows makes it harder for potential intruders to gain access and steal that person's personal data or identity."
Some other ways to keep your data and identity safer? WalletHub suggests freezing your credit cards if you suspect fraud, suppression blocking which is "faster than a standard dispute, helping victims of fraud rid their reports of problematic information in a matter of days, rather than weeks. You must also take special steps to request suppression. This includes filing a police report and completing a Federal Trade Commission (FTC) affidavit," and to be diligent about who you give your personal information to. Look out for unsolicited phone calls or emails.
For more advice from WalletHub during this Equifax breach as well as for protection moving forth, follow these 6 steps to take following identity theft.
You can click here to see if you were potentially impacted by the recent breach.
Airbnb offers an affordable option for people looking to be more comfortable as they travel.
However, there are downsides to staying in a host's home rather than a hotel. Whereas hotels are designed for constant streams of visitors and often have furniture built to last, at an Airbnb, you may be staying on old or cheap furniture that a host is using in order to maximize their profits.
And while most reputable hotels will have regular room inspections from staff to check for any wear and tear, Airbnb damage disputes are oftentimes he said, she said situations. If you are in an Airbnb and something breaks, there are a few steps you should take in order to ensure that you are not on the hook for damages out of your control.
If you're keeping tabs on the art and tech worlds, you've probably been hearing whispers about "NFTs" for the past month. Just over the past week they've entered the mainstream lexicon.
Twitter founder Jack Dorsey made the news for selling his first ever tweet. The app has been teasing paid subscription models and newsletter-like features, but tweets for sale is "the next frontier."
just setting up my twttr— jack (@jack)1142974214.0
The 2006 tweet went up for auction as an NFT, and the current bid is $2.5 Million. But what does it mean to own that? Why would anyone want to? And what even is an NFT?
Long gone are the days when the majority of Americans dreamed about owning a home with a white picket fence.
The traditional American Dream may be on its deathbed, but that doesn't mean a core component of the vision can't survive. It simply takes a diverse perspective. People can still believe they can attain their own vision of success in society with hard work, knowledge, and risk-taking. Investing in today's American Dream may literally mean investing money in our modern economy, starting with our infrastructure.
Real estate investing in particular is a lucrative method that can boost income and secure a better financial future for many. There's always risk involved, but the payoffs can far outweigh the uncertainty. Selecting solid financial investments is about confidence and competence. If you're looking for some advice on this kind of investment, here are a few savvy tips for new real estate investors.
Stick To a Specific Strategy or Niche
Real estate is a challenging sphere of the business world, one that requires several key skills: groundwork knowledge, networking, perseverance, and organization. True knowledge of the real estate market will come with time and experience, but it's a smart idea to select one area of the market and stick to it. This is the best way to attain in-depth familiarity with your specific niche.
First, choose a geographical area close by and then a niche strategy within it, such as house flips, rental rehabs, or residential or commercial properties. By doing so, you can become aware of current inner working conditions in the market and you'll have a better idea of how these trends may change in the future.
Be Vigilant About Viable Financing Options
While it takes money to make money, you don't have to use all your own money. A common misconception about real estate investing is that you must be wealthy to start off. This isn't straight fact, however. A majority of people can test the waters of real estate investing without a lot of initial cash in their pocket.
Aside from traditional financing options from banks and institutions, private lending options can be worthy solutions. Hard money lenders are popular, reasonable choices, and they tend to have fewer qualification requirements upfront. However, be sure to strategically choose a hard money lender to find the best possible fit.
Master the Art of Finding Good Deals
There may be hundreds of thousands of available properties for sale on the current market, but the bulk of them will never amount to the final money-making result you desire. Another great tip for new real estate investors is to use good math to estimate profit. Taking risks is part of the process, but you have the ability to analyze properties and use networking sources to find the greatest deal. You can't win every deal, but you can steadily work towards a thriving financial future.