4.6 • 4.9K Ratings
🗓️ 19 July 2021
⏱️ 30 minutes
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0:00.0 | It's my pleasure to welcome you to the Clark Howard Show where our mission is to serve |
0:09.4 | and empower you so you make better financial decisions in your life. |
0:14.3 | In today's episode, we all have online accounts these days. |
0:18.6 | How do you protect yourself? |
0:20.2 | How do you protect your accounts from being hacked? |
0:23.2 | Also, I've got a lot of news about travel right now, passports, canceled flights, rental |
0:29.6 | cars, high fees. |
0:32.2 | I'll talk about all of that today. |
0:35.6 | So I read a commentary recently about why criminals instead of going into a bank to rob |
0:45.3 | it and facing incredibly long sentences for armed robbery of a bank are now instead |
0:55.0 | hacking into our accounts and stealing our money and if they ever even got caught that |
1:02.5 | the consequences of getting caught are really pretty mild. |
1:07.6 | So it is a real shift in the emphasis of criminals and how they're stealing money from financial |
1:16.2 | accounts and the top target is going to be obvious based on something I say. |
1:23.9 | So you look at where money is in the United States. |
1:27.9 | Money only about 10% of it or so is in banks. |
1:33.3 | All the rest of it, this is individuals money. |
1:35.6 | All the rest of it is in 401K accounts, IRA accounts, investment accounts, brokerage |
1:45.3 | accounts, mutual funds, ETFs, whatever. |
1:49.6 | So that's where the criminals are going after is the money that you have worked hard to |
1:57.0 | save for your future, for the present, for whatever that's in some form of investment |
2:03.9 | account or retirement account. |
... |
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