Wednesday, October 18

FoolProof Top 10 Scams: Beware of the Red-Lipped Batfish Trick!

You're pretty "foolproof," right? You don't fall for those obvious scams that make you look and feel like a fool, do you?

When you look at FoolProof's "Top 10" list of scams, some of them seem too irrational for anyone to fall for, but they do. These scams are on our list because young people often fall victim to them, no matter how silly or irrational they seem.

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Are You Kidding? You're Not Thinking About Retirement Yet?

What's your vision of retirement? Freedom to do what you want? Travel? Fishing?

"Retirement" is about having the freedom to control your own life when you get older. It's a time in your life when you shouldn't have to depend on a job to live your life.

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Young People and Taxes!

Regardless of what job or career you may have during your life and what country you may live in—the U.S. or abroad—you're going to be paying taxes. In most situations, you may already be paying taxes.

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Apple Pay/Android Pay (Google Wallet): Mobile Payments on the Rise

First there was Google Wallet. Then came Apple Pay. Now Google is changing its Wallet to become Android Pay.

Using some form of mobile payments is becoming more and more popular. And if you're not already, before you know it you will be using your phone to pay for stuff. With the iPhone and Android phones controlling over 90% of the market, experts anticipate it won't be long before most people will be using a mobile payment service.

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Why Give to Charities?

Charitable giving: Why it may be a good for you to do (and how to do it safely).

Did you know that helping other people is actually good for you? Charitable people are usually happier than uncharitable people, and that's a scientific fact.

Helping others is linked to:

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Being Young; Being Bankrupt!

Are you ever in trouble with money? Ever have the feeling you can't get out of it? Well, you're not alone. Young people born between 1980 and 2000 (Millennials) are more likely to experience financial problems more often than any other age group.

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What Is Renters Insurance and Should I Get It?

Well, let's start with an example of how insurance works:

Life is filled with risks. You might fall off your skateboard and break an arm. Or, maybe you crash your car into a wall and it is no longer drivable. The idea of insurance (and/or insurance policies) is to lower, or take away, the risk of financial loss.

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Flipping Money Scams on Social Networks!

As if the lack of privacy on social networks isn't bad enough, there is something else that may be worse. You could lose lots of money if you are caught in a "money-flipping" scam.

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What's the Gimmick at "Rent-to-Own" Stores?

Have you ever seen a Rent-to-Own ad or commercial? If you haven't, here's an example: "No Credit Check! Rent-to-Own a 50-inch TV for $10 a Week!"

How can you go wrong with that? Just make low monthly rental payments and you can end up owning that mega screen TV, right? Most of these stores even let you bring the item back at any time if you decide you don't want it.

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How to Protect Yourself from Scam Emails, Letters and Phone Calls

Remember scam emails? They would offer you a big commission if you let a total stranger in a foreign country deposit ten million dollars in your bank account for a few weeks! Or, they told you that you won the lottery and they'd like to deposit a big check into your account, and all you have to do is wire back the taxes!

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Subcategories

FoolProof Education

FoolProof Education is a highly interactive, self-grading group of online lessons called "Modules." The Modules teach consumers of all ages about money, financial responsibility and the realities of the free enterprise system.

High School, College & Home School Curriculum

Closely aligned to the Common Core standards and state personal financial literacy requirements.

Educate Yourself, a Friend or Family Member

Choose from a wide variety of topics. Start and stop and continue at anytime.