See How Inflation Impacts You. Prepare Yourself!

Inflation really impacts you so prepare yourself!

On June 14, 2017, US Federal Reserve Chairwoman Janet Yellen and all but one of her central bank colleagues voted to raise its benchmark federal-funds rate by a quarter percentage point to between 1% and 1.25% thus representing the 3rd increase in the past year and a half. (See Federal Reserve Press Release). In addition to lifting this key U.S. interest rate, the Fed laid out a plan to shrink its massive $4.5 TRILLION balance sheet starting “this year”.

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Stop Receiving Tax Refunds

Stop receiving tax refunds. Break the cycle of giving the government an interest-free loan.

If the amount of tax withheld from your pay is not reduced at source you likely receive a tax refund shortly after you submit your tax return. If this is the case, I urge you to put an end to this cycle because tax refunds represent the overpayment of taxes. When you overpay your taxes you are giving the government an interest free loan.

Think about it. Where do you think your tax refund comes from? From the taxes you overpaid.

Here are a few easy steps to follow to break the cycle. Continue reading “Stop Receiving Tax Refunds”

A Protect Yourself From Frauds and Scams Update

This is a Protect Yourself from Frauds and Scams update and is a follow-up to my recent post entitled Protect Yourself From Frauds and Scams.

This morning I came across a post on Business Insider entitled Hackers are using a devilishly clever fake email attachment scam to break into people’s accounts.

How this works is detailed in a recent blog post by WordFence, a WordPress security firm.

In essence, this is a new email scam. The intent is to trick the email recipient to give up their email login details through the sending of a FAKE link to open a PDF document. The email appears to be legitimate because the scam email is sent from compromised accounts and uses subject lines and file names the target is likely to click on.

Yikes! Be super careful. The extent to which people will go to scam you is unbelievable!

Protect Yourself From Frauds and Scams

The purpose of this post is to provide tips to protect yourself from frauds and scams.

I am constantly amazed to read about people who fall for frauds and scams. I periodically receive text and email messages about opportunities to make additional income and wonder “Who would fall for this?”. Apparently, many people.

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Vehicle Buying Tips – Part 2

Vehicle related debt has increased dramatically. In this post I provide vehicle buying tips which address the financial aspects of a vehicle purchase.

This post is a continuation of my “Vehicle Buying Tips – Part 1” post in which I offer tips to save money on your next vehicle purchase.
Continue reading “Vehicle Buying Tips – Part 2”

Protect Yourself in the Financial Advisor – Investor Relationship

Good financial advisors are invaluable. They can help you stay focused on your long-term goals and can offer retirement, tax and other financial planning advice that goes well beyond the selection of stocks or funds. You must, however, protect yourself in the Financial Advisor – Investor Relationship. This post provides tips on how to do so. Continue reading “Protect Yourself in the Financial Advisor – Investor Relationship”