How to Avoid Financial Exploitation


This could happen to you…

Bob, a successful businessman suffered a stroke at age 60. A little later he suffered another one.

After the second, one his two sons moved in to take care of him. And he did.

First, he convinced his parents to move to a place where the climate is warmer.

Second, forging his parents’ signature, he moved their financial statements to a P.O. box address and instructed their financial advisor to wire funds into the new bank account.

By the time they knew it, he had already stolen $3 million dollars from his own parents, forcing his mother to put his father in a nursing home as she could no longer take care of him.

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How to Prevent Budget Problems

Health Secrets

Do you know what I, Bill Gates, Warren Buffet and Mark Zuckerberg have in common?

We all live according to a budget.

The difference is that while theirs can buy a yacht, I can’t afford a canoe with mine.

But that’s not the point. The point is, regardless how large or small your bank account is, you still must have a budget. In fact, the smaller your net worth is, the more you need to have a budget.

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When is Retirement Not Fun


Retirement is fun when…

You are healthy and awash in cash;

Your home is home is mortgage-free and your children are done with college, and are successful in their careers;

Surrounded by supportive children, great friends, and a vibrant social circle;

You have a dozen or so grandchildren jostling each other for a favorite spot near your feet to hear you tell them stories of yore;

You can dine out at least once a week, and a member of a social, health, or sports club;

You can go for a vacation once a year or find a place for solitude anytime you want.

If you check out with some or all of the above, you have done well in life. Congratulations! You did ample preparations way, way before retiring and are now enjoying the fruits of your labor.

Retirement, for you, is fun, enjoyable, and rewarding

But if you are living alone, lonely, sickly, with no social interaction, and no place to go even if you want to, then retirement is definitely not fun. Retirement is boring, and an ordeal, especially if you are living off Social Security.

And there are plenty of them near you. In fact, it is likely that within a mile radius from your home, or favorite health or sports club, are seniors who are having difficulty getting by on a day-to-day basis.

One of them is Barbara Woodruff.


When is Retirement not Fun?

Barbara Woodruff, 62 years old, from St. Louis, MO, lost her job as a cashier, then lost her apartment and car when the recession hit. Unable to find another job, she was forced to avail of Social Security benefits.

Now she is one of 9 out of 10 Americans 65 yrs and older, subsisting on social security.

“It is very difficult,” she says of her $ 633.00/mo, income. She had to skimp so much on her expenses and has to improvise just to get by.

Can you survive on $633.00/mo? I guess not!

Barbara is surviving (but more of that later).

To give you an idea how difficult things are for her and her like, her social security income is well below the average of $1,294.00/mo. This is because she skipped a few contributions due to medical reasons.

But even if she is getting the average, she still has a huge shortfall because the average monthly expenses of a 65-yr-old person living in his mortgage-free home is $1,645.00/mo, according to the advocacy group Wider Opportunities of Women

Retirement is not fun, if month after month you face a gaping hole in your budget and you have no means to fill it.

To survive, Barbara availed of subsidized housing which cost her $ 189.00/mo, for a one-bedroom apartment. Then she spends $33.00/month for food stamps, $45.00/mo for cell phone service, and $35.00 on internet service. The rest goes for medicines for her thyroid and cholesterol conditions, and for emergencies.

“My social life is virtually non-existent,” she says. “I can do dinner at a friend’s house or occasionally I might go out if it’s someplace cheap, but going out for drink or dinner, I just can’t do that anymore.”

Retirement is not fun if you have no freedom to choose.


It could be Worse:

Man is a complaining animal. Nothing is ever good to us. We always find something to complain about, be dissatisfied with. We think the other guy is better off than us; that we should have what is due us.

Well, next time you lose your appetite, or don’t like your lunch or dinner, remember that a lot of retirees with practically nothing to eat.

According to the NCOA (National Commission on Aging), in 2014, 10.2 million Americans, 15.8% of adults aged 60+, faced the threat of hunger.

If you have problems sleeping because something is wrong with your bed, pillows, or bed sheets, remember that 4.5 million seniors, 65 + have no homes or living in shelters.

Despite having the resources to go out and enjoy, you still feel bored with life, remember that millions of retirees like you are barely surviving.

If you feel lonely and alone, there are no less than 11 million adults, 65 + who live alone and isolated.

I opted to retire from a comfortable and well-paying job with lots of perks and international travel. I was sick with office politics. I thought it better to put my retirement fund into an investment portfolio.

I imagined doing nothing but enjoy retirement life while my investment would regularly deposit interest earnings into my bank account.

I was never more wrong. It was a very fatal mistake.

My investment collapsed right before my eyes, like ice cream under a noonday sun.

All my wife’s jewelries were pawned, never to be redeemed. I scrounged for money for my daily needs, plus my children’s school allowance and tuition fees. Ultimately I borrowed money to put my daughter through medical school

That was the most harrowing time in my life. It made me promise never to put myself into such situation again.

Both my children finished college, and are now married and having their own lives. And I am finally having fun in my retirement.

How is that for a happy ending? Can you say the same of yours?


Health Secrets


How to Make Sure You are Buying Genuine Drugs Online

Warning: 30% of drugs bought online are fake!

The courier has barely left after delivering your online order, but you are already tearing off its outer packing, like a child doing away the wrapper off a gift he was longing for.

Inside is a new prescription drug for your heart condition. Well, it is not exactly new but an alternative of what you have been taking for years.

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Warning: What Happened to Steve Can Happen to You

Online Fraud – the crime of the 21st Century.

Steve was having a retirement life that could make a lot of seniors green with envy. A live-alone, 65-yr-old dude, he is medically and financially sound. But his retirement funds were not giving him a satisfactory return so he thought of investing a part to diversify his portfolio.

That’s when his troubles began.

This is his story…


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How to Save Money Like Billionaires Do

Despite his billions, Mark Zuckerberg drives a modest Accura

If you think the headline is odd, or stupid, or plainly click-baiting, think again.

After all, for us, a “billionaire,” is one who has more money than he can spend in a lifetime, lives in a mansion, with a garage larger than your home.

He has breakfast at home, hops in his private jet for a luncheon meeting in the Bahamas, and a late night dinner in Zurich.

In each stop, a chauffeured limo picks him up, with a very sexy valet to attend to his needs.

His tips are large enough to cover your week’s budget and his wardrobe is fit for a king.

In other words, a billionaire spends, not save.

In the movies, perhaps, not in the real world. In fact, some billionaires can put Scrooge to shame.

The following billionaires, for example, are just like that, and are sharing their money-saving strategies.

Here’s how they do it.


Have a Good attitude:

Jack Ma (net worth $10 billion) is a self-made man who founded the Alibaba Group, an online store.

Jack said, “The very important thing you should have is patience.”

Ma believes that a person’s attitude, how he lives his life, is more important than ability.

He translates his beliefs by putting the customers his priority #1.

Howard Schultz (not worth $2.2 billion) is the chairman and CEO of Starbucks and believes that a person’s values are far more important than his net worth.

He was quoted saying, “I never wanted to be in any billionaire’s list. I never have defined myself by net worth. I always try to define myself by my values.”


Live Humbly:

Sir Li Ka-shing (net worth $31 billion), GBM, KBE, JP, is a Hong Kong business magnate, investor, and philanthropist.

As of 2016, according to Forbes, Li is the richest man in Hong Kong and the second in Asia.

Not bad for a school dropout who now employs more than 270,000 across 52 countries.

Is he careless with his money? No! In fact he attributes his incredible success to living a humble and simple life.

His money-saving advice? Teach yourself to live off less and adapt a lifestyle that is appropriate, and not spectacular.


Settle for What is Comfortable:

Michael Bloomberg (net worth $34.3 billion), known as the most controversial mayors of New York City, and the majority shareholder of Bloomberg L.P., an international financial information company.

Away from the prying eyes of the business and celebrity worlds, Bloomberg only owns two pairs of shoes the past 10 years – both black loafers.

He finds them comfortable and functional. He spending a fortune on shoes he may never wear can better be used somewhere else.

Warren Buffett (net worth $66.1 billion) is an American business magnate, investor and philanthropist. He is the chairman, CEO and largest shareholder of Berkshire Hathaway, and is considered one of the most successful people in the world and consistently ranked among the world’s wealthiest people.

Despite his billions, he still lives in the same 5-bedroom stucco house in Omaha, Nebraska he bought in 1958 for $31,500.00.

What is his money-saving advice? Buy a home that fits your needs.
John Caudwell (net worth $2.6 billion) is the founder of Phones 4U and considered one of the richest men in Britain. He also loves to flaunt his fortune by having a mansion, a yacht and a helicopter.

But when he is London, he prefers to walk, ride or use public transport to go around instead of using flashy cars.

Ingvar Kamprad (net worth $53 billion), is the founder of IKEA, an international group of companies that designs and sells ready-to-assemble furniture, appliances and home accessories.

Ingvar believes that some spending is just not needed even if you have plenty of money.

Like other super wealthy people, he prefers to fly economy, even if can easily afford a private jet.

He once wrote, “We don’t need flashy cars, impressive titles, uniforms or other status symbols. We rely on our strength and will.”

Mark Zukerberg (net worth $30 billion), the founder of Facebook can hardly be seen wearing anything other than his “signature” sports shirts.

He also drives a modest, entry-level Acura sedan which he bought for $30,000.

He could easily buy any car he wants but he is completely happy with his simple and practical car.

Jim Walton (net worth $34.7 billion), is the youngest son of Sam Walton of the WalMart fame.

Like his father, he lives a very frugal life. Despite his great fortune, he still drives around in a 15-yr-old pickup truck.

He thinks it is better to get all you can out of your vehicle, rather than drive around in the flashiest and most expensive vehicles you can get your hands on.


Learn from Your Mistakes:

Bill Gates (net worth $79 billion) once said, “It’s fine to celebrate success, but it’s important to heed the lessons of failure.”

From a guy who has made no less than ten horrible money mistakes, he is talking from experience.

But people with lots of money can easily bounce back from their mistakes. Ordinary people like you and I cannot. We can even lose the shirts on our backs.



Carlos Slim Helú (net worth $78.5 billion), is a Mexican businessman, investor and philanthropist, and has recently overtaken Bill Gates as the richest man in the world.

And what is his money advice? Start saving your earnings as early as possible. The sooner you do it, and managing properly, the better off you will be later on in life.

That is no brainer, right? But how many can and do it?

Rose Kennedy (net worth unknown at time of death in 1995) is the matriarch of the famous Kennedy clan. She was also famous for looking for alternatives to save money. She could easily have won the title, “Recycling Queen,” in her time.

Instead of buying scrap paper reams to scribble notes on, she waited until the end of the year and bought desk calendars that had outlived their usefulness.

Funny, isn’t it? Or ingenious!


Make a Budget:

John Donald MacArthur (net worth $1 billion) was the sole shareholder of Bankers Life and Casualty Company of Chicago.

Despite living in an era when Hollywood glamour and glitz drove rich people to outdo each other, John refused to be taken into the fray and stuck with his $25,000 annual budget, foregoing extravagant luxuries.

Thomas Boone Pickens (net worth $1 billion) is an American business magnate and financier, and is the chairman of BP Capital Management.

Despite the wealth at his disposal, he never carried more money in his wallet than he needs.

He makes a list before going to the grocery, buys only on what is in his list, and money enough to pay for them.

To T. Boone Pickens, you couldn’t spend money you don’t have.


Don’t Pay for Something You can Do:

Actually this makes complete sense. But David Cheriton (net worth $1.7 billion) has taken this to heart.

David is a Canadian computer scientist, mathematician, businessman, philanthropist and venture capitalist. He was one of the original investors of Google, and founded and heads the Distributed Systems Group.

He also does not spend on things he can do himself. To prove the point, he cuts his own hair to avoid spending on barbers.

He thinks this small savings can add up if applied to other areas of your life.

People may call them oddballs, freaks, odd or simply tightwads. But at the end of the day, they are still richer than us.

So if you are wondering why the rich seems to get richer, while the poor becomes poorer, it is because they know how to make money better than us, and, are very careful on how they to spend it.

Health Secrets


Every Day a lot of Seniors are Robbed. Don’t be One of Them

Stanley Podolski, 88 with wife of 66 years, Eleanor, 85-yrs-old. - he foiled a fraud.

Stanley Podolski, 88 with wife of 66 years, Eleanor, 85-yrs-old. – he foiled a fraud.

Do you know that each year, hundreds of thousands of American seniors are robbed of their hard earned retirement funds

“Every year, hundreds of thousands of seniors are victims of fraud and theft,” says Ann Harkins, president and CEO of the National Crime Prevention Council. Then she adds, “Many Americans cannot ID the red flags of fraud, and they are not familiar with what to look for.”

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Seniors’ Guide to Hassle Free Shopping Online

Online Shopping Senior - I Love This

Online Shopping Senior – I Love This

Since the prototype of online shopping was introduce in 1979 by Michael Aldrich, an English entrepreneur, more and more people are “leafing through their browsers” – electronic equivalent of window shopping.

Yes, in fact in 2012 two thirds of Americans, 50 yrs old and above, buy online – roughly 1/3 of the U.S.’s 193.5 million users. Read more

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