4.4 • 1.9K Ratings
🗓️ 22 May 2017
⏱️ 30 minutes
🧾️ Download transcript
Many people are far too free with their personal financial information. This can be very dangerous.
You cannot expect your financial advisor to keep your personal information private, secret, and secure.
You've got to take steps to protect yourself.
Joshua
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0:27.7 | On the previous episode of Radical Personal Finance, I shared with you a story that I learned from a friend of mine who had recently traveled down to Mexico. |
0:41.0 | And at the end of that episode episode I shared the story about how the Mexican |
0:45.5 | drug cartel had cultivated some inside contacts in the local bank and in the |
0:52.4 | local bank they were able to find out the various |
0:55.0 | account balances of the patrons of that bank. The cartel then used that |
0:59.8 | information to know how much they should extort from their kidnapping victims when they would |
1:06.9 | go and kidnap the family members of those particular people who worked there in the bank. |
1:11.9 | If you were Joe Smith and they knew that Joe Smith has |
1:14.6 | Joe Smith's a bad name. If you were Juan Rodriguez and they found out that Juan |
1:20.8 | Rodriguez has 30,000 pesos or I don't even know the exchange rate. |
1:26.4 | $30,000 in their bank account and they could come to you and they could kidnap you |
1:32.1 | or kidnap your wife or kidnap your daughter and |
1:34.4 | come and know that you could at least have the money to be able to withdraw $30,000 from your |
1:39.2 | bank account to pay the ransom and get your family member back. |
1:43.2 | Well, this leads me to the topic of today's show, |
1:46.5 | and that is how important it is for you |
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