Identity Theft: How Do You Prevent Your Identity From Being Stolen?

Identity theft is a huge problem that cost consumers $16 billion in 2016 and the problem is getting worse. With the Equifax breach nearly everyone’s personal information was stolen and everyone’s personal finances are at risk. How do you prevent your identity from being stolen?
shadowy figure in a hooded sweatshirt stealing your identity.
Identity theft is a huge problem and can you can become a victim at any time.
Today, identity theft hit close to home…

A close friend of mine called me this morning saying his checking account had been wiped out because someone stole his debit card information. He was ganked for $1900 and had no idea he was at risk. He had his debit card and only discovered this theft when his bank sent him a text message. The bank new something was up when $800 was spent at Wal Mart and $1100 at UPS.

Thankfully, he will get his money back and although he was the victim of credit card fraud, it could have been much worse as he could have been the victim of identity theft.

stack of credit cards
Credit card fraud can strike at any time.

Identity Theft Is a Huge Problem

Unfortunately, this type of crime is very common because our information is exposed due to data breaches and other crimes. The Equifax data breach was probably the most egregious considering they are one of the big 3 credit bureaus and have ALL of your personal financial information. In addition to the financial costs, there are hidden costs like the time and stress associated with fixing your personal finances.

What We Cover Today

  • Credit card fraud vs identify theft
  • How does identity theft happen
  • How you can prevent identity theft
  • Protecting yourself from identity theft
  • Why you shouldn’t use free Wi-Fi
  • What to do if you are the victim of identity theft
  • How Mr Dollabuzz protects his identity

Credit Card Fraud Vs Identity Theft

one - hundred dollar bills in a rubber band
Credit card fraud and identity theft can be expensive.

Many people may believe credit card fraud and identity theft are the same. In reality, they’re different crimes — and both can seriously damage your credit history, personal finances, and make it difficult for you to get a loan or apply for new credit cards.

Both crimes involve someone assuming a false identity, says Eric Tyson, an economist and the author of “Personal Finance for Dummies.”

The main difference between credit card fraud and identity theft is that credit card fraud usually involves a single  account. If someone steals your identity, the damage to your personal finances can be much costlier because someone can open lines of credit like a car loan in your name.

shadowy figure with binary code
Identity theft is a huge problem

How Does Credit Card Fraud and Identity Theft Happen

There a several ways for a thief to steal your information. A few old school ways are:

1. Phone Scam: Someone calls you and says you won a prize and they need your credit card number to pay for shipping etc.

2. Digging Through Your Garbage/Stealing Your Mail: Thieves steal your garbage or mail and look for credit cards, card applications, and other personal information. However, due to privacy laws the amount of information found through these means is dwindling.

Here are two high tech schemes that are very popular and my friend was probably a victim of number 1:
  1. Skimming – Electronic devices called “skimmers” can read your card’s magnetic strip and grab your credit card details. Shady service clerks can use these devices to make an electronic copy of your card, which they then transfer to a blank credit card or computer to make fraudulent charges. Skimmers can also be installed at ATMs and gas station pumps. See this reference for more guidance on skimmers and what to look for.
  2. Phishing – Phishing refers to fake emails, phone calls, or letters claiming to be a business or institution you might know asking for your credit card or other personal information. This is a social engineering tactic where the fraudster hopes you will voluntarily give up your personal information.

The Best Ways To Prevent Credit Card Fraud and Identity Theft

The best way to prevent both credit card fraud and identity theft is to ensure your sensitive information is secured as much as possible. Don’t give your information when unsolicited. In other words, if someone asks you for personal information don’t provide it. If you receive an email from your bank asking for information call them and verify it really is your bank.

A few other tips to prevent credit card fraud and identity theft are:

  • Shred important documents
  • Don’t write down your social security number
  • Use virus protection on your computer and,
  • Be wary of free wi-fi
man with a hat and a black computer screen background.
Hackers are everywhere and are trying to steal your personal information.

You Shouldn’t Use Free Wi-Fi Because…

it’s an easy way to have your personal information stolen. I know it’s very tempting to use free Wi-Fi. Why use your own data when you can connect for free at the coffee shop or the hotel? Personal finance is all about saving money right Mr. Dollabuzz? Well, ya but hackers love free Wi-Fi since it is easily hacked. Easy hack = easy money for the bad guys.

A CNBC story noted that most people are unaware of the risks of using public Wi-Fi . Additionally, a Harvard Business Review story noted that ” over half of the adults in the U.S. have their personal information exposed to hackers each year. ”

The author (Luke Bencie, Managing Director of Security Management International) states that “we compare the dangers of using public Wi-Fi to the risks of having unprotected sex. In both cases, not taking the necessary precautions can lead to lasting harm.”

The point is to make sure you wrap up your Wi-Fi with a secure password or vpn connection to ensure your personal financial information is safe. Yo, wrap it up B!

How You Can Protect Yourself From Identity Theft

Thankfully, there are several ways you can protect yourself from credit card fraud and identity theft. These services cost money but can be worth every penny in the event your personal information is stolen.

Zander Insurance Group

Zander Insurance Group offers protection against all identity theft events. Price starts at $75 a year for one person and $145 per family for one year. The protection offered is similar to an insurance policy but is NOT an insurance policy.

Here is an overview of services that are provided:
  • Unlimited recovery services
  • Personal information monitoring
  • Change of address monitoring
  • Social security number monitoring
  • $1 million stolen funds protection and reimbursement protection
  • Certified ID theft specialists 24/7/365
  • Data breach notifications & credit report monitoring reminders

Here is a more detailed summary of benefits.

LifeLock

LifeLock offers different memberships ranging from $9.99 a month to $29.99 a month for the ultimate plus package and partners with Norton Security  which”looks for use of your personal information, and with proprietary technology, alerts you to a wide range of potential threats to your identity.” This also works to protect your devices such as your phone and computer.

Here is an overview of services that are provided:
Cyber security is key to preventing identity theft.
Zander Insurance Group vs LifeLock With Norton Security

Mr. Dollabuzz personally uses the services of Zander Insurance Group. I receive no commission from them and decided to use their product after the Equifax data breach. I think either service would be fine.

As a service to my readers here is an overview of Zander Insurance’s offering versus other products.

A Few Other Tips on Protecting Yourself

What To Do If You Are The Victim of Credit Card Fraud or Identity Theft

If you are the victim of identity theft the first thing you should do is notify your bank or creditors. Second, you should put a fraud alert on your credit report. Next, review your credit reports to identify any unusual activity. These three steps are critical to getting a handle on the extent of the crime and will help limit your financial exposure. Here is a checklist for victims of identity theft and for victims of the Equifax breach. 

Identity Theft Can Ruin Your Personal Finances

It is important to be proactive when it comes to protecting your identity. Protecting your personal information, being aware of various scams, and the risks associated with free Wi-Fi can help prevent identity theft.

Using an identity theft service will also mitigate your losses in the event you are a victim. Doing these things will help ensure your personal finances stay Dollabuzz strong.

How To Make More Money

Do you want to make more money at work, but you never get promoted? Ever ask yourself why you don’t get promoted even though you “work hard”? If that sounds like you, keep reading…

Before we get into the secret of making more money at work, here are a few reasons why—besides the obvious—it’s so important:

  1. The more money you make, the more you can save in your 401k, which will…
  2.  Help you become a millionaire faster, which will…
  3.  Improve your personal finance outlook.
Picture of George Washington pointing down towards the content below.
Below we’ll detail the secrets to making more money.
These are just a few reasons why you should be interested in making more money. And making more money often involves getting promoted at work.

Whether you’re fresh out of school or you’ve been in the workforce a few years and want to know the secret to getting promoted and therefore making more money, then you have come to the right place. Lucky for you, Dollabuzz has…

The Secret to Getting Promoted at Work.

Hello, Dollabuzz readers! Today, we’re going to fill you in on how to succeed and get promoted at work. In case you’re new to Dollabuzz, we’ve previously covered the secret to asking for a raise and getting it.

Getting promoted at work means getting paid mo’ money, and mo’ money is what Dollabuzz is all about. If you don’t know, now you know! So let’s get to the money and find out what you’re about to learn today. Here are the topics we’re going to cover:

  • What you think you need to do to get ahead and why it’s wrong,
  • How you get promoted by working less,
  • The one magic word that will help you succeed, and
  • The power of reciprocity

Dollabuzz is here to help you get your money right, and part of that involves showing you the secrets to success that you might’ve never heard before. Being promoted usually means mo’ money for you. But how do you do it? Work really, really hard? Well, maybe—but Dollabuzz has a better idea.

We’re cool with hard work, but why would you want to do more than absolutely necessary? We’re all about working smart and letting the non ‘buzzers do the really, really hard work. So let’s see how you can Dollabuzz at work and earn more money!

A businessman breaking through a wall while saying on the way to success.
Dollabuzz will help you break down barriers to success.

What You THINK You Need to Do to Get Promoted at Work.

Work really hard and you will succeed. That’s what we’re all taught from an early age. No one ever tells us, “Hey, do less and you can succeed.” Well, Dollabuzz is here to flip the script on the “work really hard” theory. Remember, we’re cool with hard work, but not more than necessary.

(1) Work Hard… but Not Too Hard

What do I mean by “work hard but not too hard”? This statement means do what is asked of you by your boss first and get that nailed down until it’s second nature. You run your current workload on autopilot and then you expand the amount of work you do. Once you’re on autopilot, then you volunteer for that special project.

Too often, newbies at work want to impress their boss, so they take on more work than they can handle. You get an “A” for effort, but nothing else. Taking on other projects before you get your basic workload on autopilot will lead to you working too hard. Staying late and working on the weekends to get caught up and hoping your boss will notice? Nah, brah—you workin’ too hard.

Be sure you work smart and Dollabuzz.
Working smarter and simpler will help you get promoted

Working smarter and not harder is the key. Smarter means finding a way to get more done while doing less. Work smarter by following these steps:

  • Check your email only three times a day.
  • Attend fewer meetings. And if you host a meeting, provide an agenda. Keep the meeting to 30 minutes or less.
  • Keep things simple. The simple answer or solution is usually the correct one.
  • Focus on what is truly important by asking yourself: Is what I’m doing providing value? How can I provide value, simplify a process, or improve efficiency?

Focusing on what’s truly important is what your boss will notice. When everything you’re supposed to do is done well and you provide value, you’ll start to get noticed. Then, your boss will see the efficiencies you’ve created and the value you add to the company. This is how you get promoted.

(2) Delegate Responsibilities: Tell Other People What to Do

You can’t do everything alone. Find ways to delegate if you want to succeed.

“Delegate” is the professional term for telling people what to do. You can’t do everything; nor should you. If there’s a menial task you can delegate to someone else, then do it. For example, we have one person keep track of all the timesheets for our jobs. Instead of us all entering the budgeted hours, we send timesheets to one person who specializes in doing it; and they get it done fast.

Another example is when I lead the C-Level interviews at work. I don’t take or write up the interview notes. We’re interviewing CEOs, CFOs, and board members, and I delegate note-taking to a less senior examiner. This allows me to focus on the interview and kick ass at the really important task of leading the interviews.

(3) Learn to Use the One Magic Word that Will Help You Succeed

Succeeding at work and being promoted requires using one magic word. That magic word is: “No.” Really, Mr. Dollabuzz? Yes, loyal reader. The ability to say no greatly influences our success, but saying no is hard. We are conditioned to help people, and usually that means saying yes. But often times saying yes to something comes at the expense of something else, like your own work and success.

You can be a team player and still say no. You just have to be very selective in what you say yes to. A “yes” answer should come only if it is truly going to benefit you and your team. Only say yes to the meeting if you have received the agenda and your active participation is required.

Be careful when you say yes, and don’t be afraid to say no.
Be Careful What You Agree To

Studies have shown that we are likely to act as we have in the past. For example, if you always say yes to one of your co-workers, then it will become very hard to say no to that person in the future.

Often, the requests start off simple, but future request will inevitably require more time and effort. You will have a hard time saying no to these more time-consuming requests because you’ve already set the standard of saying yes in the past.

(4) Understand the Power of Reciprocity

“People say yes to those they owe.” – Robert Cialdini

As we close out today’s post, I wanted to discuss the power of reciprocity. The great Robert Cialdini provides a quick overview of this secret power and how you can use it to your benefit. Be proactive and do something simple and easy for someone you work with, and they will be inclined to return the favor.

For example, if you see your co-worker’s report at the copier, bring it to them. Later, you can ask them for a favor that will help you out. Our society has conditioned us to return the favor. Additionally, if you want someone to like you more, offer them something warm to drink. People who like you will be inclined to help you.

Recap: The Secret to Getting Promoted…

  • Work hard—but not really, really hard,
  • Delegate (tell other people what to do),
  • Use the magic and powerful word “NO,” and
  • Understand the power of reciprocity

Remember these 4 keys and you’ll be promoted and Dollabuzzin’ in no time.

Do you want to learn how to become a millionaire?

Check out our How to Become a Millionaire page.

See the benefits you will receive for being an email subscriber.

4 Amazingly Simple Steps To Reach Your Personal Finance Goals

This Post Is All About Reaching Your GOOOOAAAALS!!

Hello, Dollabuzz readers! Here’s what we’ll be covering today:
  • The importance of personal finance goals
  • 4 well-known steps to achieve your  goals
  • Some cool and unique ideas that will help you succeed (and I bet you’ve never heard of them.)

Close up of a post it note that says set goals

If you’re reading this, then chances are you came to Dollabuzz to learn how to Get.Your.Money. Right. We thank you for stopping by and we can help you succeed.

The beginning of a new year is a time…

for people to set goals, like getting out of debt, saving for retirement, and yada, yada, yada.

But we all know what happens…

We’re good for a few weeks, then the old habits come back from the dead. We find ourselves sliding back to our old ways that don’t work and have never made any lasting improvements. But…

This year is different. Because you want to keep your new year’s resolution this time, right?
So how can we make these new year’s resolutions stick? 
  1. Write them down,
  2. Make them timely,
  3. Have a plan, and
  4. Share them with someone you trust.

It’s really that simple. Do these four amazingly simple things, and your chances of success increase dramatically!

Goals are important, because…

they are key to our success and possibly even our happiness. However, what’s just as important is having a plan to reach your goals. Like the great Yogi Berra said, “You’ve got to be very careful if you don’t know where you’re going, because you might not get there.”

The best way to get there is to have a plan. In fact, that’s the only way to get there.

So how do we go about setting and – more importantly – achieving these goals? Let’s find out!

4 Keys To Reaching Your GOOOOOOOAAAALS

1. Write Down Your Goals 

This is the most important part of achieving your goals. They need to be written down. Goals that aren’t written are simply wishes and dreams. We wish for ponies and we dream about being rich, but we never take steps to make those things a reality.

Writing down goals is effective because it makes them come to life. You can visualize them, and they become real. You took time to write them down, and they are now officially goals.

2. Goals Need to Be Timely

After putting your goals down on paper, you need to set a timeline to complete your goals. This is important because if you don’t have a set time to complete your goals, then you’ll keep procrastinating and they’ll take forever to accomplish. And ain’t nobody got time for that!

Most things we do in life have some sort of time deadline involved, and setting a time or date to achieve our goals should be no different.

 3. You Need a Plan

After establishing your goals and writing them down, you need a plan. That plan is simply a series of smaller goals that, when accomplished, will lead to our ultimate goal. This plan should also be written down and revisited regularly.

4. Share Goals with Your Significant Other

It’s really helpful to share your goals with your significant other, or anyone else in your life who you’re close with. They can hold you accountable and encourage you when things are not going as planned.

Unique goal-setting tips
(That I bet you’ve never heard of)

These ideas come from a great podcast I listen to called Science of Success. Do yourself a solid and check it out right now. I love this podcast, and I know you will too!

 Step Outside of Your Comfort Zone

  • Setting goals is generally a good thing. (Yeah, we know, Mr. Dollabuzz.) But it’s important to step out of your comfort zone whenever possible and to set goals that are really challenging that will require some effort.
  • When we step out of our comfort zone and accomplish things we never thought possible is when we truly succeed. Plus it feels great!

How to Execute on Huge Goals w/ Neil Patel

  • Prepare a to-do list (mini goals) and go over it every day
  • Follow the 10-minute rule: break goals down into 10-minute chunks and if after 10 minutes you haven’t made progress, try something different
  • You don’t have to take the same path everyone else does. Think OUTSIDE THE BOX and look for CREATIVE SOLUTIONS to reach your goals

Build Mental Models (Charles Duhigg, a Pulitzer Prize winning author)

  • Charles explains his take on mental models and how you can use them to enhance your focus on the right things (your goals)
  • By taking the time to plan out your days and what you expect to see, do, and have happen, you can choose what you’re going to focus on and what’s most important that day
  • Break bad habits. Find out the reward for your bad habits. Once you know why you do something (the reward), you can break that habit
  • Build good habits like setting goals and planning. These habits will become part of your routine and become easy for you to do because, well… they’re habits!

So How Are You Going to Reach Your Goooooaaals?

With the new year here, there’s a lot of talk about setting goals. That’s all well and good, but goal-setting can be something you do all year round!

Here’s a quick recap on how to reach your goals:
  • Determine your goals
  • Write them down
  • Make them timely
  • Step out of your comfort zone when determining your goals
  • Think outside the box when planning to achieve your goals
  • Break bad habits that prevent you from achieving your goals

Looking to get started on your goals?

Become an email subscriber and receive a FREE goal-setting worksheet. As a subscriber, you will also receive other discounts, freebies, and other things you need to Get.Your.Money.Right. All for FREE!

How To Make Money As a Secret Shopper

Dollabuzz Shows You Another Way to Earn Easy Money

Looking to make some extra cash? Dollabuzz is here to show you how to combine secret-shopper and survey money to cash in during your free time.

Dollabuzz readers – hello and greetings! Now that it’s 2018, let’s continue learning how to make a little money on the side. Today, Dollabuzz will show you how to make money as a secret shopper. No, this isn’t a Craigslist scam – it can actually work!

If you’ve been ridin’ with us for a while, then you know how to make money taking surveys. I actually originally came across secret shopping jobs while researching how to make money by taking surveys.

Let’s get right down to it!

How to Make Money As a Secret Shopper: Step #1

Step number one is to register at Shadow Shopper. Once you register, you’ll receive an email confirming your registration. Once confirmed, and after you create your profile, you’ll start receiving emails about local jobs in your area. There are two levels of shopper status:

Bronze Status

The free Basic Bronze membership allows you to apply for selected job listings (those posted more than 7 days ago) through the Job Board, and it puts you onto a list for employers to contact directly. You can also apply for Promoted Jobs (the ones posted on top of the list due to the immediate need for shoppers).

Gold Status

There are four different price points for Gold status, starting at $6.95 for 30 days and up to $47.95 for 365 days. Gold status provides all the benefits of the Bronze membership, PLUS:

  • Higher ranking on the list for employers to contact directly to offer work
  • Access to the Mystery Shopping, Merchandising, Demonstrating, and Interviewing certifications
  • Emails of FULL job notifications of actual jobs posted in real time, or once daily, depending on your preferences.
  • Instant application to ANY job posted on the Job Board or from your email inbox.

How To Make Money As a Secret Shopper: Step #2

After signing up, you’ll receive an email from a marketing rep that covers your geography. I received notification from MarketWise Consulting Group informing me of several available jobs in my area. I was also asked to register at Gigspot and downloaded the app. Gigspot will also provide job openings in your area.

My First Two Jobs

My first job was to evaluate a local dry cleaners by providing feedback on things like customer service, storefront appearance, and quality of cleaning.  I had to complete and submit a report within one week from my visit. For this assignment, I would receive up to $20 for reimbursements plus $10. Not bad for an hour of work.

Who doesn’t like easy money? Dollabuzz readers like easy money. Fo’ $ho

The second job involved visiting a church and providing feedback about my visit. Specifically, they were asking for feedback regarding the treatment of new visitors to their church. For this feedback, I received $45. Hallelujah!

What I Like About Secret Shopping So Far

My first jobs were simple gigs that offered decent pay. Getting paid $10 for a dry cleaning visit plus reimbursement was an easy score.  I was going to get those clothes cleaned anyways. Getting paid to attend church? That’s a no-brainer Dollabuzz.

A higher-paying job I came across requires you to be a “tough negotiator” but pays $75 a visit with up to 4-6 jobs a month! This involves negotiating the price of a car at a dealership. If you thrive at being a ball-breaker, then this could be for you.

What I Don’t Like

I can’t help but wonder if the premium upgrade would be worth the $6.95 for a 30-day trial. This may provide better opportunities, because a lot of the non-premium jobs require quite a bit of work for only $10. For example, one job was to evaluate a gas station. You’re required to take pics and buy something without reimbursement. Then you have to tell the people working there you’re a secret shopper. Yeah… that’s not how I Dollabuzz.

In addition to being a lot of work, some jobs are over 40 miles away… and at $10-$15 per visit, it’s just not worth my time. I’d rather take surveys from my house and wait for another dry cleaning gig. At Dollabuzz, we don’t work hard for peanuts, nah mean?

How To Make Money As a Secret Shopper: Conclusion

Making money as a secret shopper is a ludicrously simple process. Register and complete a profile with Shadow Shopper and Gigspot. Once completed, you can apply for various jobs in your area and then get paid. Easy as that.

That said, I would recommend upgrading to Gold or Premium status. There are better-paying jobs available that are worth your time. Also, be on the lookout for random phone numbers that call you. I received a call about handing out free skin-care products for $15 an hour! I would have taken this gig, but I had family obligations. This gig would have paid $96.

Easy Money Take Away

Combine your Secret Shopper money with your survey money and you can make some easy cash money. We’re not talking chump change, either. Between secret shopping and online surveys, you can make an easy $300-$400 a month. Easy money is how we like to Dollabuzz, and we assume that’s how our readers roll, too.

Let us know in the comments if you have any hot tips on easy money-making gigs, and we’ll be sure to check them out!

How To Make an Easy $100 Before Christmas

Dollabuzz Shows You How To Make an Easy $100 Before Christmas

Hello Dollabuzz readers! Today we have a fun and easy holiday post so let’s get started on how to make an easy $100 before Christmas.

If you need an easy $100 before Christmas, Dollabuzz has you covered. This post will show you how you can make $100 in under two weeks if you have enough time. You can make some cash before the holiday season by completing surveys. Keep reading to find out about my experience with OneOpinion.

Have you heard about making money through surveys? I have but never paid much attention. However, after reading this post I decided to take a closer look at exactly how to and how much money you make completing online surveys.

OneOpinion: How To Get Started

I started with OneOpinion because it was easy to join and I liked the payouts. After answering a few questions, a survey will be found for you, and additional questions will be asked. The program that runs the website will match you up with a survey based on your demographics.

If by chance you are not matched up with any surveys, you will get 50 points for your time. You can earn up to 250 points a day just for applying to take  surveys.

Each survey will earn you between 500-1500 points and take 5-30 minutes. No survey is  alike and while some are fun  others seem to drag on. One word of advice though, some surveys claims to only take 15-20 mins but can take over 30 mins! The 15 mins ones are awesome and I LOVE the 500 point, 5-minute quickies.

Once you earn 25,000 points you can redeem those points for a $25 Amazon, Wal-Mart, Starbucks, Target, Home Depot or Visa card gift cards.

You can earn gift cards for completing surveys.

Remember: Be honest with your answers and don’t speed through because the surveys do throw in trick questions to make sure you are paying attention. If you attempt to speed through they surveys you risk losing your points.

How To Make an Easy $100 Before Christmas: 2 Weeks In

Two weeks in and it seems like a lot of surveys are asking about similar topics and again a few surveys  drag on. I can not get into much detail on the actual surveys but they can be very similar to one another.  Lately,  I am 10 minutes into a survey and receive a message saying, “thank you for your time but you don’t qualify for this survey.” Again, you do get to pocket the 50 points and move on.

Completing surveys through OneOpinion can generate some easy money.

Overall, this has worked out well for me. As of now, I need 3800 points before I can cash in. There are just enough fun surveys to make the boring ones worthwhile. Some surveys give you free food and an Amazon card!

How To Make an Easy $100 Before Christmas: Free Food!

One survey I really enjoyed was about a new healthy snack that was in development. I was asked numerous questions about my eating habits and at the end of the survey, I was asked if I would like to try a sample and complete a survey on this new snack. Free healthy snacks?! Feed your Dollabuzz!

In addition to earning gift cards, you can earn free food!

Snacks came today.

Today the snacks came in the mail and they were soooo good. I eat the tasty snacks over the course of two days and complete the survey. For my time I received a $3 Amazon gift card! $3 does not seem like much but I am always looking for cheap kindle books and I will be on the lookout for a $3 book.

After today I have 1000 points to go. However,  I attempted 5 surveys but did not qualify still earning 50 points a pop. On a side note, it gets annoying having to enter in demographic information every time.

How To Make an Easy $100 Before Christmas: Last Few Days

As I try to reach 25,000 points I keep getting the same initial questions about movies. I don’t watch many movies and don’t follow pop culture. I think the “thank you for your time but you don’t qualify for this survey” reflects that. Where are the fantasy football or personal finance surveys?

How To Make an Easy $100 Before Christmas: Time To Get Paid!

FINALLY! After 3 weeks of surveys, I reached 25,000 points. For my time I can select a $25 Amazon, Walmart, Starbucks, HomeDepot, Target or Visa card. Not a bad little score! Depending on how much free time you have, you can easily earn $100 in two weeks.

You can select to receive a physical old school gift card or a virtual gift card. Why wait for the snail mail when you can redeem your points and make a purchase on the same day!

Simply complete and pass the extra verification process once you have a minimum of 25,000 points, and you will be able to redeem your points for Virtual Gift Cards.

Double Up Your Dollabuzz
Double up your Dollabuzz with the help of a significant other or roommate.

Looking to earn more money? You can double up your Dollabuzz  by having your significant other or roommate take surveys as well.   Combine the cards to buy beer protein powder or other things for the house from Amazon, Wal-Mart or Target.

How To Make an Easy $100 Before Christmas: Conclusion

If you have the time, you can earn an easy $100 before Christmas.

If you average 750 points a quiz which would be a mix of 500 and 1000 point surveys you can make $100 in two weeks by completing about 10 surveys a day.  This is either a lot or little depending on your life. What if you don’t want gift cards because you want straight cash money? You can sell your gift cards.

Remember, you can earn 250 points a day just for attempting to take a survey. Yes, the surveys can be repetitive but they are easy and some are actually fun.

During this time I was studying for a CPCU exam and got a stomach bug that put me on my ass for four days. If not for that I could have probably earned $50 in three weeks even working full time etc. However, if you are dedicated and have the time, earning $100 before for Christmas can be done.

I’ll probably continue to take two surveys a day with the goal of earning $50 month in gift cards but what I won’t do is buy gifts with my credit card this year.

Have you earned money taking surveys? What is the most amount you have earned. We would love to hear about your experience!

How To Insure My Stuff

Insurance is an overlooked aspect of personal finance. You work hard so make sure your personal property is adequately insured.

Dollabuzz Shows You How To Insure Your Stuff

Dollabuzz readers what it is?! It feels goooood to be here! I am back in study mode for the next CPCU exam. This exam is scheduled for early November and I have not been able to post much. But for this post, I wanted to tie in what I am currently studying and answer the question of “how to insure my stuff.”

Compared to buying all new stuff out of your own pocket, insurance to protect your stuff is much cheaper.

Dollabuzz is all about getting your money right and that includes protecting your stuff through insurance. A lot of people do not have adequate coverage and this is because insurance can be confusing and boring! As is the Dollabuzz way, we will explain in simple terms how to protect your stuff.

How To Insure My Stuff: Personal Property (Your Stuff)

Insurance geek speak is boring so let’s break it down the Dollabuzz way. Personal property (PP) applies to items you own or use, anywhere in the world. It can also cover the loss of, or damage to, PP of others while that property is at your crib.

How To Insure My Stuff: Homeowner

If you own your home, your stuff is insured under your homeowner’s policy, specifically under Coverage C. This coverage also covers the loss of, or damage to, PP of a guest while it is in any residence occupied by an insured. The amount that your stuff is covered for is 50% of what your home is insured for.

Under your homeowner’s policy, your stuff is insured on an actual cash value basis (ACV). ACV is simply what the property was worth right before the loss. If your couch was 10 years old and damaged in a fire, then your insurance company will pay you for what that 10-year-old couch is worth. What if you want a new couch? You will need replacement cost coverage.

How To Insure My Stuff: Personal Property Replacement Cost 

If you want to replace your stuff with “new stuff” you will need to insure your stuff on a replacement cost basis. But keep in mind, certain things like antiques and collector’s items are ineligible for replacement cost coverage and therefore covered at actual cash value.

How To Insure My Stuff: Renter

If you are a renter your stuff is insured at the Coverage C limit you select which is based on the value of your stuff. As a renter, your stuff is insured on an ACV basis. However, you can upgrade to replacement cost just as you can under a homeowners policy.

How To Insure My Stuff: Jewelry and Other Valuable Items

Scheduled Personal Property Endorsement

If you have valuables like jewelry or cameras you will want that covered under a scheduled personal property endorsement. This is called a scheduled endorsement because there is literally a schedule listing what the PP is and how much it is insured for. This coverage applies on an agreed value basis instead of on an actual cash value or a replacement cost basis.

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Your bling-bling needs to be covered on a scheduled basis. Not sure what that means? Keep reading because Dollabuzz has you covered.

When property is covered on an agreed value basis, the insurer agrees to pay an agreed upon amount. To have your stuff insured on a “scheduled basis” you may need an appraisal to verify the value of your bling-bling.

How To Insure My Stuff: Side Hustle Insurance

Have a Ride Share Hustle? You Need a Commercial Auto Policy

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Seems like side hustles (formerly known as part-time jobs) are a popular way to earn some extra cash money. If you drive for Uber/Lyft, deliver pizzas or drive a drunk bus your regular auto policy WILL NOT cover you and you NEEDcommercial policy.

Side Hustle From Your Home? You Need Home Business Insurance Coverage (HBIC)
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Home business? Then make sure you have adequate insurance.

Side hustlin’ from the crib requires HBIC to insure against business property and general liability exposures. This is an endorsement to your current policy which is cheaper than purchasing a separate business owners policy.

This endorsement also allows the full Coverage C to apply to business personal property of others in the named insured’s care and to leased personal property. Your homeowners policy may not cover the home based side hustle.

In addition to protecting your stuff, HBIC adds coverage for liability coverage that results from your work or product. Liability coverage is critical because someone can simply allege YOU harmed them which will get expensive FAST. Thankfully, in addition to paying claims, insurance companies are required to defend claims at no cost to you. Money dance!

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Having insurance when you need it feels GREAT!!

How To Insure My Stuff Recap and DollaBuzz TakeAWAY

Insurance is a great way to protect your stuff and Dollabuzz. We can’t cover everything but we want to familiarize you with some of the basic concepts and if you out here side hustlin’ you need to have adequate insurance.

A great way to make sure your coverage is airtight is to talk to a licensed insurance agent. If Flo and Shaq can’t answer your questions be sure to reach out to a licensed insurance agent. An insurance agent will ensure you have the coverage that is right for you.

A licensed insurance agent will make sure you have adequate insurance.

 

3 CHEAP Insurance Coverages You Need

Dollabuzz Shows You 3 Insurance Coverages You Need That You Probably Don’t Have

Helloooo Dollabuzz readers! Today were are going to discuss 3 CHEAP insurance coverages you need. Everyone knows the importance of auto, life, and homeowners coverage but what about coverage for lesser known risks? Risks that can really kill your Dollabuzz?

So what are 3 little known insurance coverages you need to maintain a strong Dollabuzz? Long term disability (LTD), flood/sewer back up, and coverage for your high value personal items. These lesser known risks are not well known but can seriously impact your Dollabuzz.

3 CHEAP Insurance Coverages You Need #1: LTD

Much like the girl next door, this important coverage is often overlooked. People buy life insurance because, well they WILL die and that is a 100% guarantee. However, no one thinks they will get banged up in a car wreck and be unable to work because that kinda stuff only happens to other people. In reality we are all other people and LTD will pay you 2/3 of your salary while you are disabled.

LTD coverage will keep your Dollabuzz STRONG.

LTD is really cheap especially if it is available through work or another group plan. A supplement to LTD is accidental death and dismemberment. Say you lose an arm in a car wreck. You will receive LTD and a payout for the dismemberment. This supplement is a nice little kicker for when life kicks you in the ass. I have LTD and accidental death and dismemberment through work but if I did not, I would start my search with Zander Insurance.

3 CHEAP Insurance Coverages You Need #2: Flood/Sewer BackUp

Flood insurance is another over looked coverage. Most people don’t know that losses due to floods are not covered under their homeowners policy. Due to the large losses floods generate, flood coverage is provided through the federal government.

Despite living near the Gulf of Mexico 85% of homes in Houston did not have flood insurance. One reason is people feel its “expensive.” I know flood insurance can be “expensive” but its a lot cheaper than losing everything. Your house is your castle so protect it like House Lannister. It is also worth noting that even when surrounding areas receive little rain, localized flooding does occur.

In addition to flood insurance, it is important to have sewer backup coverage as well. This provides coverage in the event rains causes sewers to back up into your house. This kind of loss is not covered by flood insurance. The insurance company may attempt to deny the claim saying the city or municipality is responsible for maintaining appropriate sewers. Sewer backup coverage is not offered by all carriers and may require shopping around but is strongly recommended.

3 CHEAP Insurance Coverages You Need #3: Coverage for Valuable Items.

Attribution: Splashy Splash

Coverage for valuable personal items is known in geek speak as Inland Marine (personal effects coverage). This “coverage floats with you wherever you go.”  Owning a chain like 2 Pac when he was on Deathrow or simply 2 chains, you need this coverage. Your homeowners policy will only provide coverage for $1500 or $2500 for jewelry so additional coverage for that Pac chain is a must. State Farm provides a nice overview of available coverages.

3 Cheap Insurance Coverages You Need Recap

At Dollabuzz we help our readers Get.Their.Money.Right (GYMR). GYMR also involves protecting what you have and supporting your money plan. You worked hard for that house and chain so make sure you have adequate coverage. LTD will help ensure you can pay the mortgage and buy a new chain if you become disabled. Check with your insurance agent about these important but CHEAP insurance options. Yay Yay!

How to Save Money Buying Makeup

Dollabuzz Shows You How to Save Money and Look Great Doing It

At Dollabuzz, we’re always on the lookout for your financial wellbeing. Yes, I know Dollabuzz is about personal finance for young adults, but in the spirit of keeping this blog entertaining for my readers (and stepping out of our comfort zone), we decided to go in a different direction for today’s post. Today, we show you how to save money buying makeup. Saaaaaay Whuuutt?!?!

A post on makeup?!? C’mon, Mr. Dollabuzz maaaine! Makeup… for real? Yes, for real. We can write about credit card debt or borrowing money to buy a car and a Money Plan all day long and twice on Sundays, but that ISH gets STALE, and my readers demand to be entertained. So today we have a post for our women readers who want to look their best AND save money, which is what we call #GlamSavy. Dollabuzz will show you how to save money on your eyes, lips, and face (E.L.F.).

Dollabuzz will show you how to save money on your eyes, lips, and face.

How To Save Money Buying Makeup: Eyes, Lips, and Face (E.L.F.)

This Get.Your.Money.Right journey began at the Ulta near my house, where I spoke with Jamie, the Prestige manager. Ulta is divided into the Prestige counter and the Drugstore counter. Since we’re here to save some dolla dolla bills and have YOUR makeup lookin’ like da shiznit, we headed to the Drugstore counter.

Jamie brought me to the E.L.F. section and raved about E.L.F. as having high-quality products, including good-quality brushes. Jamie mentioned that the E.L.F. brushes are his favorite and the makeup is great too.

Next, Jamie suggested subscribing to E.L.F. emails to receive coupons and special sales. Upon returning home and visiting the E.L.F. website, I noticed that they offer a free 3-piece beauty set on orders of $25 or more. Just visiting their site will save you money!

Next, I subscribed to their email listing and the first email I received had the following:

Free shipping IS gorgeous.

Hello, gorgeous. Who doesn’t love a compliment like that?! E.L.F. is right, I am gorgeous. Uh, Mr. Dollabuzz. This is just an automatic email. E.L.F. doesn’t know if you’re a gorgeous swan or if you swan-dived out of the ugly tree. Whooooa there, voice in my head! If you think you are gorgeous, then you are. Don’t rain on my self-esteem parade. Back to gettin’ money. Free shipping on my first order? Cha-ching!

How to Save Money Buying Makeup: Join the E.L.F Beauty Squad

Joining the E.L.F Beauty Squad allows for you to save more money through the accumulation of points. Points are earned by making purchases, word of mouth, and social media doings. For example:

  • 5 points for sharing our posts on Facebook
  • 5 points for sharing our tweets on Twitter
  • 10 points when you follow us on Instagram
  • 150 points when you refer a besty, BFF, or side piece.

In addition to explaining all the positives of E.L.F., Jamie recommended a few products. Since I don’t wear makeup personally, it would be difficult for me to review the products themselves. However, I did check the Amazon reviews of the products, which include the rating along with the price. Here’s a list of products Jamie recommends with links to purchase them through Amazon:

Eye Makeup

“I think the eyes flirt most. There are so many ways to use them.” -Ann Held

Shadow Lock Eyelid Primer, Pearl

Price: $6.99 Rate: 4/5

This lightweight formula ensures a long-lasting look, without creasing.

Prism Eye Shadow

Price: $10 Rate: 4.6/5

These shades go on like a powder, but feel creamy and pigmented. The neutral palette is great for going from day to night; apply dry for a slight shimmer, or use wet for an intense look.

Waterproof Lengthening and Volumizing Mascara

Price: $6.00 Rating: 3.5/5

This quick-drying formula creates thicker and fuller lashes. The enhanced brush head allows for better application and control.

Lip Makeup

“Girls, girls, girls… long legs and burgundy lips.” -Motley Crue

E.L.F Lip Lock Pencil

Price: $7.50 Rating: 4/5

Keep your lip color from bleeding outside the lines with this clear formula… great for any skin tone! No sharpening required.

E.L.F. Feather Proof Moisturizing Lip Liner

Price: $7.50 Rating: 4/5

Long-lasting hydrating pigments that never feather or bleed out.

Face Makeup

“She’s not just a pretty face, she’s got everything it takes” -Shania Twain

Aqua Primer Mist

Price: $8.00 Rating: 3/5

This silicone- and alcohol-free primer readies the skin for foundation (or bare face) with enriched vitamins and antioxidants, creating a supple and dewy effect.

“Gotta be hydrated”

https://www.elfcosmetics.com/p/aqua-beauty-primer-mist

E.L.F. Cosmetics, Flawless Finish Foundation, SPF 15 Sunscreen, Oil Free

Price: $20 Rating: 4/5

This semi-matte finish is lightweight and applies with ease, leaving you with an air-brushed look. Now that’s putting your best face forward.

E.L.F Ultimate Blending Brush

Price: $6.00 Rating 4/5

The packed bristles and large dome-shaped head allow for effortless application with professional-looking results. Can be used with several products and consistencies.

E.L.F. Eyeliner

Price: $6.00 Rating 4/5

Achieve color intensity for your eyes with this soft gel liner – and best of all, no sharpening required!

How to Save Money Buying Makeup

What started out as a trip to Ulta turned into a post about E.L.F. products. E.L.F.  offers quality makeup at a great price. E.L.F. has specials and sales on various products exclusive to their email subscribers. In addition, joining the Beauty Squad allows you to save even more money. Whether you’re buying your favorite color lipstick or going for a new look this season, be sure to check out E.L.F. and all the great products they offer.

How To Make Money Off A Stock Tip

Dollabuzz Shows You How to Make Money Off a Stock Tip

Dollabuzz readers what it is what be!? Today we discuss how to make money off a stock tip. Dollabuzz has covered opening a traditional investment account such as a  401k or a Roth IRA. How about taking on a little more risk for the chance at a greater return? Suppose you discover a hot stock tip. How do you capitalize on this information and get paid?

You capitalize by purchasing call options. If you are new to investing through options a good place to start is with an in depth review of options.

There are numerous option strategies but we want to keep this post as simple and short as possible. Therefore, we will focus on one aspect of options (buying “calls”). In this post, Dollabuzz will provide an easy three step overview of how to make money off a stock tip by purchasing call options.

The first step is opening a brokerage account, step two is buying calls, and the final step is locking in your gains by “selling to close.” Let’s see how to make money off a stock tip by walking through an actual trade I made.

What Are Options: A Get Money Overview

Options: A Contact That Gives You Rights

When buying call options you are buying contracts and one contract is equal to 100 shares. This contract gives you a right to purchase shares of stock at a predetermined price (strike price). This right expires at a specific future date (expiration date). For this right, you pay a premium to the seller. As the stock price rises, so does the value of the premium. Money is made when you sell your right for a premium that is higher than what you paid for it. Sounds simple, right?

Two Advantages of Call Options

Two advantages to investing through options are less risk and the power of leverage. Call options are less risky because you can only lose as much as you paid for the premium. Leverage allows you to control a large number of shares on the low. For example, in this trade, I pay a premium of $219 to control 300 shares of stock. If I were to buy 300 shares of stock it would cost me about $2500.

Key Definitions That You Need To Know

Call Options

If you think the share price of a stock will increase you buy call options.

Strike Price

The strike price is simply the price you have the right to purchase the stock. Strike prices higher than the current share price are “out of the money.”

Expiration Date:

The date that the contract expires or becomes worthless.

How to Make Money Off a Stock Tip Step #1: Open a Brokerage Account

There are numerous online options and you will need to complete paperwork acknowledging the risks associated with options trading. About $500-$1,000 investment is needed to start. But to get RICH off of one stock tip you’ll need a few thousand dollars. Remember: Never invest money you can’t afford to lose.

How to Make Money Off a Stock Tip Step 2: Your Call Strategy

Important Information for this Example

  • Date: 9.1.17
  • Stock: NEOS Therapeutics Inc (NEOS)
  • Stock Price at Time of Trade: $8.32
  • Options Purchased: $10 calls expiring on 10.20.17. Please note the $10 strike price is “out of the money.”
  • Premium paid: $219 for 3 contracts (300 shares)

What the hell does all this mean? I just wanna make some money!

Great question! What this trade says is that I think by 10.20.17 the share price of NEOS will be $10 which is a 20% increase. I bought (paid a premium) for the right to control 3 contracts (300 shares) at $0.70 a share for $210 plus $9.00 commission. As the share price increases so does the premium associated with these contracts and this is where money is made.

Initiating the Trade: Learn With Virtual Money

Before investing with real money it would be a Dollabuzz move to practice buying calls online with virtual money. For those new to investing, buying calls can be confusing. Therefore, learning the rules and placing trades with virtual money is highly recommended. Once you get the hang of it, the next step is to execute the trade with real money. Here the steps needed to execute your trade.

  1. Enter ticker symbol
  2. Pull up “options” chain
  3. Look for strike price of out of the money
  4. Select desired strike price
  5. Select “buy to order”
  6. Enter number of contracts
  7. Set price to pay for each contract
  8. Review and hit enter

How to Make Money Off a Stock Tip STEP 3: LOCK IN GAINS

Now that you have a position you really need to monitor it closely. As the stock price increases so will the premium you paid. NEOS is expected to announce positive results around September 15th and closing my position on or around that time is my exit strategy. It is important to determine your exit strategy BEFORE investing. What gain or loss are you willing to accept? That is your strategy.

You Can’t Go Broke Taking Profits

A premium can decrease in value just as quickly as it increases. It is important to monitor your position closely and be ready to lock in your gain. If the trade is not working as planned, you can always “sell to close” and exit your position.

How To Find stock tips

How to find stock tips is a common question we come across. This stock tip came from Seeking Alpha (SA). SA is an investment blog whereby people post their thoughts and ideas on investing. One SA blogger I follow is Bret Jensen and his recent post inspired today’s trade.

How to Make Money Off a Stock Tip: Conclusion

Investing through options involves selecting the right stock and having belief in yourself. Ideally, you need a stock that will go up and go up fast by a specified date. The first step is opening a brokerage account. The second step is buying calls and the final step is locking in your gains by “selling to close”.

There numerous option strategies and the one presented here is a simple beginner strategy. If you are looking for an easy read on investing through options be sure to check out Understanding Options by Michael Sincere. It is a MUST read and a great resource. I used this book to learn how to invest in options and reference this book quite a bit.

Purchase the book here

and for your reading device

 

 

The Money Mindset of Personal Finance Success

Dollabuzz Your Mindset For Personal Finance Success

Personal finance is more than just budgeting, saving, and investing. You need a certain mindset to succeed at the money game. Dollabuzz will show you the mindset you need and how to get there.
Money and personal finance success
A strong mindset is key to personal finance success

I got my mind on my money, my money on my mind….oh hey wassup Dollabuzz readers! As I write this, I am thinking about money, Dollabuzz, and listening to Gin and Juice . Ahhh, the early 90’s when Snoop D-O-Double- G was just a young G.

Anyways, back to the lecture at hand. A STRONG Dollabuzz requires the right mindset and that is why I read Mindset: The Psychology of Success by Dr. Carol Dweck. Dr Dweck will show you how the right mindset will help you get your money right.

Dr. Dweck shares her research about the fixed and growth mindsets and how a simple belief about yourself guides a large part of your life. This post will discuss how these mindsets impact our Dollabuzz. Keep reading and I’ll show you the Dollabuzz mindset and why you should read this book.

Here is what we are covering today:

  • The fixed mindset and its negative impact on your money and personal finance goals
  • The 3 da’s  of personal finance and how they get in the way of your money
  • The growth mindset and how it is key to your personal finance success.

The Psychology of Personal Finance Success: How the Fixed Mindset Kills Your Dollabuzz

The fixed mindset? You’re losin’ me bro. Stay with me. The fixed mindset is that little voice of doubt in our head. We all have that self-doubt in our head and it manifests itself in different ways. For example, maybe you don’t open a 401k or a Roth IRA because you don’t know how and don’t want to look dumb by asking a “stupid” question.

If you have a fixed mindset you may be afraid to try something new and make excuses to protect your confidence. You say things like “I’ll never have money and always be broke” or “only rich people retire.” People with the fixed mindset are always right, don’t like criticism, and try to explain failures away. Using excuses will prevent you from achieving your personal finance goals.

money and personal finance
Keep reading to learn about excuses that get in the way of your money and personal finance goals.

The 3 da’s of Personal Finance: Coulda, Shoulda, and Woulda

At Dollabuzz we refer to common excuses of the fixed mindset as the “3 da’s.” I coulda got his or her phone number. We shoulda went to the after party. The Detroit Lions woulda won the Super Bowl. Yadda, yadda, yadda.

Dr. Dweck explains that fixed mindset people have inflated views of themselves, their abilities, and when they don’t succeed a built in excuse (the three da’s) are right there to make them feel good.

In personal finance  there are numerous da’s. A few common da’s are:

  • We shoulda invested in stocks
  • I shoulda made a budget
  • We woulda paid cash
  • I coulda been a millionaire
  • I shoulda invested in my 401k

Don’t let these excuses kill your Dollabuzz! I hate to point out the obvious but, a GREAT da is Dollabuzz. See what I did? Ta-da!

The Psychology of Success: The Growth Mindset Will Help You Dollabuzz Your Money

A growth mindset will help you reach your money and personal finance goals
A growth mindset will help you reach your money and personal finance goals
The opposite of the fixed mindset is the growth mindset. The growth mindset is the “can do” and “I will” mindset. The growth mindset allows you to succeed when you don’t think you can and allows you to overcome obstacles. This mindset is critical to your personal finance success.
It’s important to know that we all have a fixed mindset. But don’t forget that we can move to the growth mindset as well. Dr. Dweck states that “your efforts, strategies, and the passion for stretching yourself and sticking to it when it’s not going well is the hallmark of the growth mindset.”
Expressions like “work harder and smarter” and “if at first you don’t succeed” are the heart of the growth mindset. Enough of the textbook geek talk and let’s see the growth mindset in real-world action.
My Growth Mindset and Personal Finance Dollabuzz
Last year we purchased a rental house for $45,000. My fixed mindset said what if you can’t find renters or they trash the place? The growth mindset said we’ll make the house nice so it will attract good tenets. Guess what? The house is nice and we have good tenets.
 
My fixed mindset said “you know nothing about blogging” and “no one will read it.” But now, the blog is up and running and I am writing about topics I am passionate about. My fixed mindset gave me every excuse not to do something but my growth mindset took over and allowed me to Dollabuzz.
Why You Should Read Mindset: The Psychology of Success by Dr. Carol Dweck
Dr. Dweck does a great job providing numerous examples of the fixed and growth mindsets. These examples include stories from everyday people to sports and business icons who have failed or succeeded based on their mindsets. Dr. Dweck shows how we move in and out of our mindsets and the importance of knowing when we are in the fixed mindset.
A strong Dollabuzz is not easy and requires us to thrive when challenged and embrace failure (growth mindset). Most people are not born with a Dollabuzz and have to WORK at it through discipline and developing their skills to get their money right.
I highly recommend the book which you can purchase for your Kindle here 
or the book here