All About Money Infographic

by Justin Weinger on April 23, 2014

This is a very interesting Infographic that explains exactly why we need money and why these worthless papers are so valuable when they represent cash money. Comparison of money with gold and lot of other interesting stuff is provided in a very professional way. Misconception of monetary value against gold has been explained very cleverly. It’s a good resource for anyone who needs to understand how money works and how we value it. I must say the guys at BuddyLoans have developed an infographic that will be remembered for a long time. Please see the infographic below and dont forget to visit BuddyLoans Blog for more unique and interesting content.

Lets Talk About Money and Why We Value It

courtesy of BuddyLoans.com

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Cybercriminals Now Targeting Medical Records

by Justin Weinger on April 23, 2014

We wrote a blog article about this topic in February but, as it continues to grow, we felt it was important to write another blog about it and make sure that all of our readers are aware of what’s happening.

With more than 15 million data breaches last year alone, medical identity theft is an enormous problem that keeps growing.

Cyber-security company Redspin reports that, since 2009, nearly 3o million Americans have their personal health information either breached or disclosed. Those 30 million were only the reported breaches to the US Department of Health and Human Services, and the number of actual breaches and disclosures is assumed to be much higher.

Now, lest you think that these cyber criminals are interested in prescription medications or medical conditions, you’d be wrong. What they’re targeting is billing and insurance records which contain valuable data like Social Security numbers, credit card info and addresses all in one convenient to steal place.

The Ponemon Institute, an information security policy research center, released a study recently showing that cyber-criminal attacks on healthcare organizations are up 100% in the last three years. Their first study in 2010 looked at patient privacy and data security and found that, of the people surveyed, nearly 20% had  experienced a breach of one kind or another. Their study of last year (2013) showed that the number had doubled to 40%.

“A financial identity can be worth $5 to $10 if you have all the info. A medical identity can be five to 10 times that amount just because (of) how easy it is to monetize that information once that bad guys get it,” said Robert Gregg, chief executive of ID Experts, a cyber-security firm that sponsored the Ponemon Institute survey.

Another security risk being posed is by medical professionals who access medical data through their mobile devices like smartphones and tablets. While 40% of survey respondents said that they rely heavily on cloud services for backup storage and file sharing, only one third reported that they were confident that their cloud, and the files in it, were secure.

“Health care is substantially behind the financial services industry in terms of protecting identities and it’s particularly concerning because these are the most vulnerable identities we’re looking at,” said Gregg of ID Experts.

What to do to protect your medical records

The statistics above are worrying, to say the least, and if you are wondering about what you need to do to protect your own medical records below are the “red flags” you need to be looking for.

  • Any bill for medical services that you didn’t order or receive
  • Calls from a debt collector about bills or medical debt that you didn’t initiate and don’t owe
  • Collection notices for medical procedures or any type of bill that you don’t recognize
  • Anything on your credit report that refers to medical collections that aren’t yours
  • A notice from your health insurance company saying that your  benefit limit has been reached when you’re sure that it hasn’t
  • If you’ve been denied medical insurance because of a condition that you don’t have

Any of the suspicious activities above should prompt you to quickly get in touch with your insurance company, your credit card company and your bank in order to make sure that your identity hasn’t been stolen and your personal accounts breached. Reporting the fraud to the three major credit reporting agencies, Experian, Trans Union and Equifax is also an excellent idea.

 

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Welcome to April, National Financial Literacy Month. It’s the best month of the year to start working on your financial future, focusing on your financial health and making sure that, financially speaking, everything is hunky-dory.

Speaking of hunky-dory, best-selling author, physician and educator Dr. Deepak Chopra is a great source of information if you’re looking for not just financial health but overall health in general. He’s been giving people advice about health, wealth and wellness for years and is one of the most popular speakers in the world concerning those three topics.

Dr. Chopra has a “secret” to making money that,  To be honest, really isn’t much of a secret all; it’s knowing the difference between money and wealth.

“Money is a symbol; wealth is a state of awareness that allows you to tap into your inner creativity in order to fulfill a need that somebody else has. So that’s the first thing,” said the good doctor.

The way Dr. Chopra sees it, what you need to do first is be passionate about any work or business that you get involved in, as well as make sure that someone (hopefully a lot of someones) has a need for it. “Figure out your passion, and then figure out how you can collect and join with people who want what you have to give them,” he said.

In Dr. Chopra’s opinion, investing in the stock market can be extremely counterproductive for many people who are looking to build wealth. “People bet on money in the stock market—they’re getting all unhealthy, stressed out,” he said. “Recognize that the purpose of money is to enjoy life and have good experiences and not use money to make money … to make money … to make money.”

He advises that everyone should focus on their unique talents, look for something in which they have a true passion and hone their entrepreneurial skills to find edge in order to achieve success and wealth.

 

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Clever Ways to Save More Money

by Justin Weinger on April 16, 2014

Some of us find saving difficult, particularly if we fail to set ourselves tangible saving goals. If you’re looking to tighten your belt and put some capital aside, make sure you have something in mind that you’re saving specifically for. This will make the process much easier and you can reward yourself with small treats when to reach particular saving milestones. Read on for some smart ways to save cash so you can finally afford that holiday in the sun, coveted new car or home renovation project.

Food and Drink

Instead of buying your lunch during the working day, why not make sandwiches or a salad the night before and take them with you? Bringing your own snacks and lunch to work will save you money in the long term. The same goes for the expensive double caramel latte that you pick up on the way to the office. Cut out this morning coffee expense and bring your own in a travel cup. The mark-up on commercial coffee is huge and you will save almost £20 per week by cutting out a daily Starbucks habit. If you’re serious about saving money, it’s also important to think about the amount of food that becomes wasted in the home. Remember that items bought it bulk can usually be frozen, and it’s best to check the use by dates of groceries before you put them in your shopping basket. Don’t throw money away by overstocking on foodstuffs that will go off before they are consumed.

Energy Bills

Rising energy bills have made saving almost impossible for many households, particularly in the UK. Keep a watchful eye on you energy consumption and turn off appliances like TVs and laptops at the plug rather than leaving them on standby. There’s now an app that you can use to control the thermostat in your house, so don’t worry if you accidentally left the heating on.

Making Extra Cash

The best way to save money is to make more. If you’ve got a good financial head on your shoulders, you may wish to consider currency trading. Foreign exchange or currency trading holds the potential for huge rewards, but also poses a significant amount of risk. It’s an attractive option for the financially minded because with a small amount of online training, anyone can get involved and be successful. For more information on foreign exchange, contact a specialist like Currencies Direct. Some risk is inevitable when it comes to making money, and if you have the skills why not try your hand at currency trading? On a smaller scale, you could also make extra cash by selling unwanted clothing, shoes, DVDs and games. There are plenty of online sites that allow you to trade used goods and retailers that will allow you to exchange your old mobile phones for cash. Many people are unaware of the returns they could receive by simply sorting through their possessions and selling items that are no longer useful or wanted. You can declutter and make money at the same time.

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