Take it to the Bank

Consumer Safety

Three Angels Broadcasting Network

Program transcript

Participants: Cordell Thomas

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Series Code: TITTB

Program Code: TITTB000029


00:01 On Take it to the Bank,
00:02 you'll find ways to get out of debt.
00:09 Solve your credit card problems.
00:14 How to make and stick with the budget?
00:19 Simple ways to save.
00:24 Buying or selling a home
00:26 and many more financial matters on Take it to the Bank.
00:31 Welcome back to another segment of Take it to the bank.
00:35 We are so happy you're here with us
00:36 and we have some wonderful things to talk about.
00:39 Well, technically, they are not wonderful
00:41 because they have to do with your privacy
00:43 and your safety and your security.
00:45 There are so many things that are going on out there
00:47 when you take a look at the technology that we have.
00:50 Some of you may have a smart phone,
00:52 some of you may have a tablet.
00:55 There are many different pieces of technology that are there
00:58 and they provide us different benefits.
01:00 But what is really going on behind the scenes.
01:04 We've talked about how information is used
01:06 and how information is taken from you.
01:10 As a consumer, we need to be aware of what that's all about.
01:14 When I talk about consumer,
01:16 let's make it as simple as possible,
01:17 you and I are individuals that are in a market place.
01:21 In that market place, you and I have an opportunity
01:23 to go at to different locations and purchase things.
01:27 We consume those things.
01:29 So I go to grocery store
01:30 and I buy groceries to put on the table at night,
01:33 I've consumed that.
01:34 I've become the consumer of those products
01:37 at that specific retail outlet.
01:39 So that's key to understand.
01:40 You as a consumer have been conditioned to be a consumer.
01:45 Did you know that since 1984,
01:48 the regulation of advertising has offered
01:50 an opportunity for media giants,
01:53 advertising agents to come after you as a target?
01:58 Did you know that there are different demographics?
02:00 You make up a demographic that's quite interesting.
02:03 I make up a demographic based on my age, my age range,
02:07 I make up a demographic based on my ethnicity,
02:09 I make up a demographic based on how much I make,
02:12 I make up a demographic in how I use credit,
02:15 how I use different sources of technology.
02:19 And that technology that's out there
02:22 is something that is used to get information.
02:27 Corporations are not just there to give you a benefit.
02:31 Corporations are there to develop resources of revenue
02:36 and also data, data on how you consume things,
02:40 how you buy things, what you do with things.
02:43 And so we begin the process of trying to understand
02:47 how do we fit into this whole new era of technology
02:53 and how we utilize
02:54 the technology that we have available to us.
02:57 We had the opportunity to ask
02:59 a couple of young people this question
03:01 about how you identify a scam or a fraud.
03:06 Here is what they say.
03:09 I identify a scam or a fraud when one,
03:11 they ask you personal information
03:13 without providing their name
03:16 or what company they are calling from
03:19 or even sometimes, you know, they'll call you during work
03:22 and you'll ask them,
03:23 "Oh, you know, I don't have time right now,
03:25 can I have your number and I'll call you back."
03:27 And they refuse that or saying this is the one time thing,
03:30 then that kind of check,
03:33 a little check marks should come up.
03:36 That one could be a little tricky sometimes
03:38 because a lot of companies and a lot of people nowadays
03:40 they try to look as much as legitimate
03:42 as they can as possible.
03:44 But good thing to try to get what it says,
03:47 If somebody is offering you a service,
03:49 you want to know, like what's the company,
03:50 how many years it has been in business,
03:52 I mean, and then you want to see
03:54 if they are part of the better business bureau
03:56 to make sure that they actually are reliable company.
03:59 If it's a place where you're buying appliances
04:02 or you're buying just stuff for your house,
04:04 you got to make sure like if you're not gonna get,
04:08 be victim of fraud in this in a sense of,
04:11 they offer you a credit card with certain interest
04:13 and you didn't read the fine print
04:14 and then it's not really fraud
04:16 but it could be considered fraud to you.
04:18 Also, be careful when you use,
04:21 I mean, your pin card some times.
04:23 'Cause when you, you put your pin number
04:25 for your bank card when you're buying something,
04:27 you gonna make sure you're at the good establishment
04:29 because if you are like in a place where, you know,
04:31 there's not many cameras, or there's not much security,
04:34 then you can get information taking away from you.
04:41 It's interesting when you look at scams and frauds.
04:44 There are demographics that are targeted.
04:47 I'll give you an example.
04:48 One of the targets they go after
04:50 are specific to income brackets.
04:52 So 35 to 40,000 dollar a year wage earners
04:55 are typically targeted.
04:57 Those that are of ethnic minorities
05:00 such as African-Americans and Hispanics are targeted.
05:03 And of course, there are those that are 65 plus are elderly
05:07 that are targeted and these are big issues.
05:10 We have no idea the level that is actually,
05:14 scams that are actually going on out there.
05:16 I know of a family that told me of their elderly parent
05:19 that was being scammed by someone.
05:21 They were asking them to go to Western Union
05:24 and make a payment to help out
05:28 a friend that was in another country
05:30 or in this case,
05:31 they were asking him to pay for a lottery that he had won.
05:36 Always a warning sign.
05:38 If you don't remember entering a lottery,
05:40 there is something that you have to,
05:42 that's the first thing you should question.
05:44 I don't remember entering any type of lottery.
05:46 But they don't think that way.
05:48 It's whoa, I've won a lot of money.
05:50 Let me pay the fees.
05:52 One thing you need to know
05:53 is, when you're working with the banks,
05:56 and you're working with these type of funds
05:58 that can come into your, into your care,
06:01 you don't have to pay a fee to get to your funds.
06:06 There are other scams such as hey, you have won a lottery
06:11 and the check is in the mail
06:12 so they send you a check and you have to go to the bank
06:15 and you cash the check
06:17 but then, they ask you to write a check
06:20 or an amount back to them
06:22 to cover the fees of sending it.
06:24 Now what is the problem there?
06:26 Let me advise you of how the bank system actually works.
06:30 When you go to a bank teller, you provide them that check.
06:35 It's a document,
06:37 a document that carries cash along with it.
06:40 Meaning that there has to be some funds
06:43 at the bank that it's been given from.
06:47 In many situations,
06:48 these frauds mean that these tellers
06:52 at the banks should be able to pick up
06:54 if a check is not accurate.
06:58 But these new checks that are coming out,
07:01 look so much like the real thing
07:02 that in many situations, they get beyond the teller.
07:06 And that's when we get into the danger situation
07:08 because you now have cash to check.
07:10 The bank in and out of itself
07:11 is mandated by law to give you a portion
07:14 of that check back.
07:15 They don't necessarily clear the full check
07:17 but you have access to certain amount of funds.
07:20 What we have now is an interesting situation
07:22 because you have deposited a check,
07:25 possibly a fraudulent check.
07:26 They've given you access to some of those funds,
07:28 the bank has not caught the situation or scenario
07:32 and then you go now and start spending the money
07:35 that you had in the bank.
07:36 And as a matter of fact,
07:38 you actually start writing those checks
07:40 that they've asked you to send over to them
07:43 or what in some cases they do,
07:45 they'd ask you to actually take the cash
07:47 out of your bank account
07:48 and go to a Western Union and send the money.
07:51 Now there's many warning signs that are going on right now,
07:53 should be going off in your mind.
07:55 Western Union, when you send some thing to somebody
07:57 that you've never met, that's very, very dangerous.
08:01 Number two, Western Union, when the money is gone,
08:04 it's gone and once the individuals pick it up,
08:08 there is no way you can get access to it back.
08:10 So the care that you need to take in substantiating
08:13 that that check is good,
08:17 is something that is difficult to do
08:20 if you don't know the person sending you the check.
08:22 So, if you receive the check in the mail,
08:24 and you don't look, know the person
08:25 that sent you the check,
08:27 that should also be some type of warning sign
08:30 and you should take some due diligence
08:31 in checking on that.
08:33 Your, that check that you have deposited
08:35 goes through bank
08:36 and that bank then sends it off
08:38 to a regional clearing house for the bank.
08:41 That regional clearing house works on the check.
08:43 It takes, that puts the funds into your bank account
08:46 and they take that check and wire it to the other bank,
08:50 the sender's bank's clearing house.
08:53 If that clearing house doesn't exist,
08:55 then the bank goes elsewhere and it eventually ends up
08:59 back in the hands of another bank teller,
09:02 local teller that basically says this check is a fraud
09:06 and then they go back to your account
09:09 and pull that funds from your account.
09:12 And then of course, because it's a fraudulent check
09:14 and the fact that you've probably used the money
09:17 that has been deposited to your account.
09:20 Now you are in arrears
09:21 for the full amount of the check,
09:23 plus whatever you sent over
09:24 to that individual asking for the funds.
09:27 These are typical type of scams that happen
09:29 on an ongoing basis.
09:31 And did you know the time frame that it takes for that check
09:36 to go through the initial system
09:37 and through the clearing house
09:39 is about two to two and half weeks.
09:41 If you know the system
09:44 and you don't know the sender of the check,
09:47 you have to think twice
09:48 about the fraud that could happen to your specific account.
09:53 You are held to a higher level of understanding
09:55 because many people aren't aware
09:58 of how these things can impact their credit,
10:00 can impact their ability to open up
10:02 of the checking account
10:04 and all it takes is just one specific situation
10:07 that you aren't quite aware of
10:10 and fraud happens all the time.
10:14 The individual that have been sending this money out
10:17 because he was told that he was getting about a 250,000 plus
10:22 lottery win.
10:23 He had sent out in the tune of almost 10 to 15,000 dollars
10:27 before his family members, caught the situation and asked
10:30 and held the grandfather accountable
10:32 and said, "Hey, what are you doing?
10:34 Why are you sending this money, who are you sending it to?
10:38 One of the things we do in our lectures
10:40 that we provide
10:42 to many different organizations is this.
10:43 We talk about financial literacy
10:46 as the critical think on money.
10:50 Every element of your life, the time that you wake up
10:52 to the time that you go to sleep
10:53 is time that is allotted to you
10:55 either making money or wasting time.
10:58 Time is money.
11:00 And the care that you take in understanding
11:03 how you use your time is critical.
11:06 It is critical that you understand
11:07 the different schemes that are out there,
11:10 the fact that you are a targeted demographic
11:12 and knowing when something is too good to be true,
11:16 it typically is too good to be true.
11:19 And those are the kind of things
11:21 we need to begin thinking about as we talk about these things
11:25 called scams and fraud.
11:27 There's a gentleman that I'd like to introduce to.
11:29 His name is Mr. Joshua Hernandez.
11:31 We have become good friends as he is a financial planner
11:34 in the Orange County area of California.
11:37 We had a chance to talk about this specific issue.
11:40 He's not necessarily an expert on that area
11:43 but it was good to have a conversation with him
11:45 as he explained, as we had a talk,
11:47 and he explained some of the things
11:49 that you should be aware of
11:50 as we look at the issue of scams.
11:54 Here is some of what we talked about
11:57 in this initial segment of our meeting.
12:02 Scams.
12:03 They are relevant, they are part of our lives,
12:05 they are things that impact our lives every single day.
12:08 And we're talking about the critical think.
12:10 How do you answer the question when someone comes to you
12:12 and say, I have this great offer.
12:15 And you know what, Joshua, I think what's interesting
12:17 is several of the clients that I meet with
12:20 and talk about this critical think on money
12:22 have to come to me with example letters
12:24 that they have received in their email
12:25 about hey, I am a person from Nigeria
12:28 and I have 14.5 million dollars
12:30 that I need to put into a specific bank account
12:33 and I'll be happy to give you 13 million of that
12:37 to take care of this transaction for me.
12:39 Now, you know, I'm not here to tell you
12:42 what's right or wrong, a scam, gifting,
12:45 this and that and the other.
12:46 I think it's probably more appropriate first to give us--
12:49 give them some signs to look for
12:52 and things that they should be aware of
12:54 because everyone wants access to people's money, correct?
12:58 Yes, they do.
12:59 And have you seen some of these things go on?
13:03 Have you had access to those to some of your clients or?
13:07 Yeah, you know, over the years, you know, I've had clients
13:10 that, you know, talk about their investments,
13:12 how they had to take some money out of their investment
13:16 to their saving's programs to fix problems
13:18 that have happened because of fraud and scams
13:20 and things like that.
13:22 Boy, if I were to have donated
13:24 or help someone in another country
13:26 because they needed my help that I didn't know,
13:30 I'll be a millionaire if all those things were true.
13:33 Chances are, if I helped everyone,
13:35 I'd have no money in my bank account
13:36 because they are all scams, usually they are all scams.
13:39 True.
13:44 It's very interesting as you look at imp of scams.
13:47 They are a dime a dozen.
13:49 They are everywhere and they know who you are,
13:52 they know that you are a target
13:54 because there's a lot of information
13:57 about you that's out there.
13:58 Let's talk a little bit about some of these scams
14:01 that are out there.
14:03 These scams come from credible resources
14:06 but you know there's problems with it
14:08 when you, they are asking you to send money
14:11 through the Western Union,
14:12 when they are asking for account information,
14:14 when they are asking you to send money
14:16 to an individual that you don't know.
14:18 I had talked to someone at, I believe it was MoneyGram
14:21 and asked them about the same situation.
14:22 I said, what is it that you have in your profile
14:25 to help people to protect themselves
14:27 against these type of scams
14:28 and they say, a couple of things.
14:30 Don't send to somebody you don't know.
14:34 If you don't know the individual,
14:36 you've never met the individual,
14:37 there is no credibility behind the individual,
14:39 this individual doesn't know your bank,
14:41 that doesn't know who you are
14:43 and they come to you saying, you won a lottery.
14:45 First question you ask,
14:47 which is what we tell people well,
14:49 in this critical think on money is,
14:51 ask that one critical question.
14:56 Ask the question of when did I enter a lottery,
14:59 what lottery did I enter,
15:01 when was it that I entered the lottery.
15:03 You ask those three question in rapid succession
15:05 and they can't answer it, you'll know something is up
15:08 and they are asking for something
15:10 that they are just in interested
15:14 in getting information on you
15:16 and then getting access to your funds.
15:18 Remember, the information is out there.
15:20 The moment you go into a store and you sign a warranty card,
15:23 it's information that goes into a database,
15:25 depending on what you put on that warranty card
15:29 is information that gets into a system
15:32 that's sold to other parties.
15:34 It's a money making scheme that gives other organization
15:39 access to details about you and your life.
15:41 It can get actually dangerous.
15:43 One young lady was told, actually got her warranty card
15:47 and she entered all the possible information
15:50 on that card.
15:52 It was asking information about, is she married,
15:55 is she single, she have children,
15:57 what are her hobbies, what she like to do,
15:59 where does she go on vacation.
16:01 Not just the typical, here's my name,
16:03 here's my phone number and here's my address
16:07 but other details about her life
16:09 that she wasn't aware of and she got
16:11 a very interesting letter from an individual
16:15 who's incarcerated at the one of the area prisons.
16:19 Very detailed letter
16:21 because he seemed to have information on her
16:26 that was only made available
16:29 through what she'd indicated on her warranty card.
16:33 She didn't realize that the prison system
16:36 was using some of the prisoners
16:38 to go through the warranty cards
16:42 on that specific individual
16:44 and she now had revealed
16:47 so much of her personal life with an individual
16:51 that really didn't need that information
16:53 and she had to go through a lot of work
16:55 to unravel some of the information
16:57 that was out there to find out
16:58 who it was and how she could protect herself
17:00 because now, hey, that individual
17:03 not only has her private information,
17:05 knows her thinking patterns
17:08 and where she goes and what she does
17:09 but also has her address and her phone number
17:12 and her email information.
17:15 And then that information
17:17 gets into a whole other system
17:19 that provides people that detail
17:23 that they need to say,
17:24 this is a good target for whatever scam that I have.
17:28 And they do it in the most innovative ways.
17:31 Have you received email in your inbox from someone
17:34 in a foreign country that's asking,
17:36 telling you that they have 15 million dollars
17:41 and they would be willing to give you
17:43 a large portion of it if you would pay
17:46 for the transfer into your account?
17:48 Watch that, watch that very carefully.
17:50 Any type of person that contacts you
17:54 and asks you to send money
17:57 to gain access to funds,
17:59 is something you should watch very carefully.
18:01 And there are some other tools and mechanisms
18:03 that you should learn about
18:06 that will help prevent this type of behavior
18:08 in the near future.
18:10 But before we move any further,
18:11 I'd like to go back to Mr. Joshua Hernandez
18:14 and the conversation continues
18:16 as we talk about how we are able to recognize
18:19 fraudulent behavior such as fraudulent checks
18:22 and here is our conversation.
18:26 One of the things that people should be aware of
18:28 is how your bank system works,
18:30 what happens with the check that comes in,
18:32 you should go and talk to your bank
18:34 and find out how this thing works
18:36 because you know, when you cash a check,
18:40 they as you know, the laws associated with banks,
18:43 they have to give you
18:44 at least a portion of that check
18:46 that you've deposited to your account.
18:47 So now it's incumbent upon the bank
18:48 to be aware of any fraudulent checks
18:50 that are out there.
18:52 And many of the tellers may not be able to catch
18:53 some of this really good works of fraud with checks.
18:57 And one of the items that we are dealing with,
18:59 I've talked to one client who said,
19:01 I received a check.
19:04 I won a lottery, well, my first question was,
19:06 "Did you enter a lottery?"
19:08 "I can't remember entering that lottery."
19:10 And I took the check to the bank
19:12 and they cashed the check.
19:14 Now what would be your advise from a perspective
19:18 on how you'll advise somebody from a standpoint of
19:22 if something is too good to be true,
19:23 is it typically too good to be true?
19:25 You took the words right out of my mouth, Cordell.
19:28 If it's too good to be true, usually it is
19:31 and then once that crossed your mind,
19:33 then you research.
19:34 Who is this person? Where is it coming from?
19:37 You know, how is it,
19:39 are there programs out there like that.
19:40 You know, do some research on, is that true, is that real.
19:44 So who knows, maybe there is a possibility
19:46 of some thing like that could be out there.
19:48 You know there is grant money.
19:49 Grant money is available, somewhat free money
19:52 as long as you ask for it.
19:54 If you fit a certain category and you meet the criteria,
19:57 and so that's kind of how I think about
19:58 those things but you want to be very careful.
20:00 I do know, you know, personally I've been affected by,
20:05 you know, maybe that it tend to be
20:07 affected by, you know, scam artists.
20:08 You know, my one day my account was blocked.
20:12 I couldn't use my debit card anymore.
20:14 And I called my bank. I said, well, what happened.
20:16 They said, you have no money in your account.
20:18 And I said, well, what do you mean?
20:20 It says, yeah, well, you have money
20:23 but it's frozen.
20:24 And as I was in here in Los Angeles County
20:27 and the day before, just the night before,
20:31 you know, there was a big purchase
20:33 of $500 in Palm Springs using that same account.
20:36 So one of the things that I do see happening
20:39 that's really good is a lot of banks
20:40 are noticing these things
20:41 and they see your trends of purchases,
20:43 where, how much, the average dollar amounts
20:46 and if they see anything off,
20:48 they are actually having indicators
20:49 that are you know,
20:51 kind of as a red flag that tell them to stop.
20:53 So they froze my account.
20:54 That was not me in Palm Springs having a good time.
20:56 I wish it was me and make some fun purchases out there.
20:59 But it wasn't.
21:00 So you know, they replaced my card,
21:02 they refunded my money and it was pretty seamless.
21:05 It worked out pretty good for me.
21:07 Just the other night, there was another purchase
21:09 and there was a text message on my phone.
21:12 "Did you make this purchase?"
21:14 And I had in fact, made this purchase.
21:17 So they are doing things which I like is helping us.
21:24 It's really interesting out there and it's really
21:26 a hazardous world we can get into
21:27 if you are just not prepared in what to do.
21:31 And you heard some of the comments that were made.
21:34 Technology is actually enhancing
21:36 some of our ability to protect ourselves
21:38 but technology is also, and opening up
21:41 so many new venues for individuals
21:43 to get to our data.
21:46 So, as we talk about what we can do to prevent
21:50 some of this behavior on our relative information
21:54 that we have is we need to start
21:56 taking more proactive approaches.
21:58 One of the things that fraudsters will do
22:00 is they look through mailboxes.
22:03 What I advise people to do is you get a lot of these
22:06 pre-approvals on credit cards coming into your inbox.
22:09 If you go to opt out prescreen.org I believe it is,
22:13 you will have an opportunity to say,
22:15 hey, I don't want any more of these,
22:18 these offers coming to my inbox or my mailbox.
22:21 A lot of what people are doing now
22:23 is they are trying to get mailboxes
22:24 that actually lock in our sub development
22:28 that we live, we have mailboxes that have locks on them
22:31 that hopefully prevent people from trying to get in there
22:34 and take those things out.
22:35 So, we are having to stay, try to stay ahead of those
22:38 that are trying to do whatever they can
22:41 to take our information.
22:43 The obvious is true. Get serious. Don't get scared.
22:45 Try to figure out what you're gonna do
22:47 and I just recently heard, hey, if you're going on a trip,
22:50 tell your credit card agency that you are going on a trip.
22:52 It would be a good idea
22:54 because now they see a purchase out in Tahiti
22:57 somewhere, they know that
22:59 oh, yeah, he did tell us he's gonna be there.
23:01 But one of the nice things is, it's always a trigger.
23:04 If they see things on my behalf
23:06 that isn't supposed to happen, they give me a call.
23:09 Hey, did you do this, did you buy this
23:11 because we saw this purchase
23:13 and you are not typically in this area.
23:15 It does right back to the idea that our credit card companies
23:20 are watching our behavior patterns.
23:22 Technology is a great thing but it's giving
23:25 a lot of our information and our behavior patterns
23:27 up to those card companies.
23:30 Because did you know that as they track that behavior,
23:32 they know okay, Mr. Thomas takes,
23:34 drive to work, he drives about 15.5 minutes.
23:37 So we know the range and patterns of his movements.
23:40 He will typically but this best buy.
23:43 He will typically buy his groceries
23:45 at this specific organization.
23:48 He will typically do a specific,
23:50 he has a specific pattern of how he does things
23:53 and if he has changed that pattern, it drives a trigger.
23:57 You know that many of the new jobs
23:58 that are out there, the new wave of technology jobs
24:02 or those that can be great programmers
24:04 that can provide real information
24:07 to organizations about the patterns
24:09 that we have in our lives and it will trigger
24:12 some type of notice to that organization
24:15 and you can actually download alerts
24:18 to your smart phone that can give you an idea
24:20 of something that just happened.
24:21 In fact, as simple as information of you
24:25 that goes out to the internet
24:26 on specific internet organization
24:30 that based companies,
24:33 it can, if your name goes out in that venue,
24:37 it will trigger an alert to you saying
24:38 hey, your information has been sent out via the internet,
24:44 via the world wide web
24:46 and it can make you aware
24:47 of information that's out there.
24:49 There are websites that can help you
24:51 watch your credibility, your character online
24:55 and help remove some of that information
24:57 and there are other steps that you can take
24:59 relative to what is out there
25:02 to contain some of that information.
25:05 But the one thing I will say is this, on the internet,
25:09 on any type of social network,
25:12 when information goes out, it is gone.
25:16 There is no way to bring it back.
25:18 And there needs to be great care
25:20 in taking care of that information that you have.
25:24 One of the other things that you should do
25:27 is lock down your information.
25:29 Lock it down.
25:30 If you have a smart phone, put a password
25:34 so that if someone finds it somewhere or you lose it,
25:37 it's harder for them to get into
25:39 your, your smart phone device.
25:43 Number two, listen, if you have a lot of information
25:47 on your smart phone, you know what happens
25:50 when you back up your smart phone
25:52 or you sync it, it goes
25:53 to some kind of storage device in the sky.
25:56 I'm very serious.
25:57 Because of such a space capacity
26:00 of the information that's been held
26:01 on all of us are in the globe,
26:04 we need other mechanisms for containing this information.
26:08 So, we have storage devices which have,
26:10 it's in a virtual space and not in a tangible space
26:15 where they save your pictures
26:17 and your files and your documents,
26:21 encrypted spaces that you, they tell you
26:25 that nobody can get access to it.
26:27 But how many times do you hear of organizations
26:31 that have been hacked into
26:33 and a lot of information has been gained access to.
26:37 We have had that same thing happen in our life
26:40 where we found that the health insurance agency
26:43 that held our son's health information
26:46 was hacked into and we got a letter,
26:50 several weeks almost a couple of months later,
26:52 that oh, by the way, this happened, don't worry.
26:55 We're giving you this offers so you can freeze the account
26:58 if anything happens on your son's behalf,
27:01 which is a other big area of concern
27:04 because many of these fraudsters
27:06 are looking for information
27:08 on children social security information
27:10 and many people are now becoming aware
27:13 of the children having bad credit
27:18 before they are even old enough to have credit
27:20 because many of these databases are stolen,
27:24 hacked into and sold around the globe
27:27 to market that's willing to purchase them
27:30 and use them to acquire other goods.
27:33 This is a big, big issue as we take a look at fraud,
27:37 as we take a look at identity theft
27:39 and we'll look at the technology
27:42 that's available to us in how we use that information.
27:47 It's critical that we take a step back
27:50 and start to think about
27:51 what is it that's important to me,
27:54 what type of information do I need,
27:56 how do I utilize the technology that I have
27:59 and most importantly of all,
28:02 is how do I respond to those offers
28:04 that are coming into my mailbox,
28:07 physical mailbox or virtual mailbox
28:09 because all of the information,
28:11 you have to ask that critical question,
28:14 this critical think on money is very, very important
28:17 for each one of us
28:18 because you as a demographic are a part of a specific group
28:22 and that group is being targeted by individuals
28:25 who have nothing better to do
28:27 than to take your money.
28:28 It is your money.
28:30 You worked hard for it.
28:31 Utilize it in a strategic ways that are necessary
28:34 so that you can develop a program
28:36 for saving your money,
28:38 to develop a program for investing your money,
28:40 to develop a program that will enhance your happiness
28:45 by being able to give and support
28:48 non profit or as ministry such as 3ABN
28:51 in supporting the gift of the gospel.
28:55 That is what I have for you today.
28:57 Please take care and Take it to the Bank.


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Revised 2016-03-28