Month: September 2017

EVERYONE should take action because of Equifax data breach

I apologize for using the all caps EVERYONE but it is imperative for every American to take steps to protect their identities because of the Equifax data breach. It was by far the worst data breach in history because social security numbers, birthdays and addresses were exposed. This makes it essential for you to be on the offensive in protecting yourself immediately. You may have visited the Equifax website to see if you were exposed but don't trust the results because the site is virtually useless and Equifax should be ashamed of it (and the breach of course). ZDNet first reported that the checker was giving random responses! I tested it myself three times with the surname “test” and the social security numbers 123456, 234567 and 345678. Two times it said my data may have been exposed and lucky for test 234567, their data wasn't exposed?!?! Because of this, you have to just assume that your data was exposed and take action ASAP. You are better off spending 10-15 minutes of your time locking down your credit reports rather than spending many hours and huge headaches if your identity is stolen.

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IM 006: An Entrepreneur’s Journey From Journalist to The Money Coach | Lynnette Khalfani-Cox

Award winning Wall Street Journal reporter for CNBC, Lynnette Khalfani-Cox took the entrepreneurial leap to becoming The Money Coach®, a “financial educator.” She is her own boss and has built a hugely successful personal brand. Listen to BONUS episode: IM 006b: [BONUS EPISODE] How to Protect Yourself After the Massive Equifax Hack | Lynnette Khalfani-Cox

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Dow 1 million? Is Buffett actually too conservative?

This week Warren Buffett made headlines by predicting the Dow Jones Industrial Average will surpass one million in 100 years. Given that the Dow is at 22359 at the close of Thursday, one million sounds like a big number however as Buffett said, “The Dow will be over a million and that is not a ridiculous forecast at all if you do the math.” I agree 100% and in fact, Buffett is likely conservative in his one million prediction.

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Will Kim Jong Un blow up the bull market?

Yesterday the rhetoric between the US and North Korea escalated further with President Trump saying the US would “totally destroy North Korea” if forced to defend itself or its allies. He said that while the US “has strength and patience,” its options would soon run out. This follows the president's comments from August 9th when he said “North Korea best not make any more threats to the United States. They will be met with fire and fury like the world has never seen … he has been very threatening beyond a normal state. They will be met with fire, fury and frankly power the likes of which this world has never seen before.” So far the markets have shrugged it all off, but can Kim Jong-un sink this long running bull market?

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