Identity Theft - How to Protect Yourself

ABOUT THIS EPISODE

On today's episode, Financial expert and Amazon best-selling author John Browning talks about Identity Theft and how to protect yourself. It CAN happen to you and you should listen to what John has to say to protect yourself and your family. Reach out to John to learn how you should build your portfolio to support your life. Learn more when you Connect with John by texting "LIFE" to 21000 or GuardianRockWealth.com.

Welcome to the build your life podcast with John Browning. Build your life as a relaxed and unedited conversation with financial expert and number one Amazon bestselling author, John Browning. John is the founder of Guardian Rock Wealth and serves clients across the United States. John's the author of the book build a life, not a portfolio, a guide to your financial future based on your personal values, which you can purchase on Amazon, or stay around to the end of today's show and I'll tell you how to get a free copymailed right to your door. I'm Michael Delon, your host for the next few minutes as we chat with financial expert and business owner John Browning. Hello, John Browning, how are you today, sir? I'm doing great. How are you? I'm fantastic. It's a beautiful day and I just love talking to you because you always have lots of great things to share with us. And Yeah, you do, you do you, you try, you try hard, and I'm...

...sure you were trying with your mother when she was raising you. Did you? You were in a twin by any nature, were you? I was not a twin, no, but but I had twins. I raised a pair of twins there one now. Okay, well, then almost twenty two. That's good. So you kind of know. So we'RE gonna WE'RE gonna PARLAY twins into what we're talking about today. Um, not not in a nice way, necessarily, but we're talking about identity theft and that's kind of being a twin in a in a certain way, but how I mean? It's a it's an ongoing thing. It's becoming more popular. How do people protect themselves? What do they need to be looking for? Well, I'll tell you it's quick story. Sorry, story. That'd be great. So this is a true story and recently happened and I have permission. I'm not going to share, obviously, the name of this particular client, but I have her permission because she would like everyone to know that this is out there, that this happens in and it happens to highly intelligent, normal everyday people,...

...and it's kind of like mental health issues, right. It's got this stigma. Nobody wants to talk about it. But this idea of identity theft can theft, can can happen to anyone and you truly, truly do not realize what is happening at the time. And and so this particular client. She she's written, she's written books, she's she was a professor at one time. She's just a fantastic lady, highly intelligent with it, you know. She she doesn't have cognitive issues. And it was a multiple it was a multiple attack on her to get first they would come in with access and they get a little piece of information and she kind of didn't didn't really realize that. And then they get another little piece of information and then they get...

...another little piece of information from a different spot until finally they had enough information that they gave her called very official setup from I won't say the name of the bank. I'm from X Y Z bank, which they knew that's where she banked at. They had her account number, so they said your account number here, is that right? Very professionally done, and said, you know what, I'm gonna put you in touch with the fraud department because it looks like there may be some fraud on your account. So automatically you're they're very good actors, so your guard is down. All Great, oh, that's fantastic fraud. Oh No, but that's okay because I'm talking to the Fraud Department at this big bank and they transferred her to a completely different person. So these are big organizations that are working against you. Had Her completely convinced that essentially, she needed to do certain things and and you know, ended up inadvertently giving them just a little bit more information, nothing egregious,...

...and then just a little bit more information, and they get these things, get these pieces of information different ways, and that's why it's important and I try and tell all my clients and everybody will listen, it matters. So we used to, you know, years ago, not that long ago, right, it was like all about shredding. Oh yeah, yeah, all the documents. Yeah, don't just use the the straight shredder, but use the cross cut shredder and shred you know everything, and how to keep your documents. There are certain things you keep for five years, certain things for seven years, certain things forever and certain things you just keep until you're done with them. But you shred everything right, and that's still important, still very important, and you know, let me know if if you have questions about what things to keep for how long, because that gets into a longer,...

...a longer discussion and also gets into very specific like tax questions. Generally speaking, though, seven to ten years on your I R S, tax returns, that type of thing. But there are exceptions and all that, depending on your personal situation. Like everything. This is not investment vice, advice. We always give that disclosure on these podcasts, but we will give you some general information like that. So that's all important. But here's the other thing. So I myself got a text the other day. It looked like a very legitimate number, had the right information. Looked okay and I do a little bit further investigating and immediately found out that it was trying to send me to a questionable website. Now I have mccafe and I'm not endorsing mccafe or anybody else, but make sure you've got antivirus software on your computer.

That's number one. Make sure it's installed up to date. And it's kind of like they're the virus now because they keep after you some money, right, antrus. You know, it's like a necessary evil. It is. You need to have a reputable anti virus on your on your computer running. Uh, there's some other things you can do regarding that. You can and whenever you're out, like if you're the starbucks or somewhere else and you're accessing the Internet, even if it's through your phone, you need to be very careful what you access when you put your passwords in, because these people will sit in the starbucks, the carry I'm I'm trying not to say names, to endorse certain products. Okay, wherever you are and you have access the Internet, that's probably not a great time to be accessing your bank account. Okay, that's interesting, or your credit card account, things like that, because there are are people that will sit there in those places and they'll...

...they'll have a computer program that's going out and looking for what everybody's doing and they have the technology to do this and they may not get everything they need right there, but they'll get a piece. Yeah, wow, that's crazy. So when you get those, I mean because I've had my bank text me when we've been on vacation or something, because you know they're seeing credit card charges from another state and they'll text me and they're like okay, and what time to shut my credit card down? And so I had to call the bank to get it reactive. How can you discern between that and fraud? And this is getting really tricky. It's getting very tricky. They're they're these folks that are doing these things are extremely good at their jobs. So a couple of rules of thumb. If you get a call from your bank, say that's great, very politely and say listen, I'm gonna give you a call back, m HM, and you don't call because actually this actually happened with this particul killed an individual. She thought she was doing the right...

...thing and she called she's they said, okay, call me back at this number, and she called that number. They're giving you their number back again. Right, you call the number that you know is the bank's number. You talked to say somebody at the bank called me by this name and they gave me maybe they gave me this phone number. Are they an employee at the bank? No matter how big the bank is, they can find that person. No matter how big the bank is, they can look at your account and see if there's any actual fraudulent activity flag. So never talk to somebody who calls you directly from the bank. Call them back at the number you know is the correct number. Same thing with your credit cards. Same thing if you've got a brokerage account or something like that. That's a general good rule of them to follow. Another really common thing is you get an email looks very official, comes from X Y Z bank. Got Their letter,...

...their logo looks exactly like that and you oh, they must be sitting and you click on the link. There's two things to look at, though, before you click on any links from any financial institution or even like one of the Anti Virus Yes, will also mimic that. Look and see if it says it's a really easy way to tell if it says the you know, X Y Z bank at Google Dot Com. Right, not the bank, the bank, right, it's it's gonna say at the bank you are that's that. It's going to be from them. But generally speaking, they are never going to send you an email like that. Will contact you some other way and there will be verification steps that they will use to make sure, and we kind of find those annoying. Okay, yes, my birthday is this. Yes, yes, my mother's maiden name and yes, my you know, my dog's name, that first dog on the second. There's...

...reasons that they do that. It's annoying, but we were we live in a day and age where we have to have that all those multiple and the other thing is the I r s will never call you. They might send you a letter, in which case, even that, do not respond directly. I would highly recommend you contact your tax accountants. And yes, I know they cost money, but it costs a lot more if you get scammed. Yeah, Um, so, yeah, those are that's good, because it's the and so many times, if you got that email with the bank letter head, your thought is, well, that's illegal to copy the bank letter head. Well, these are criminals, so we have to put our head and it's also illegal to steal from you. Right, so you gotta get your head in the right game. But you've got to understand there and have you note. Are they pray being on a certain demographic is it older...

...adults? What is seniors? Doesn't matter, you know, it really doesn't matter. But I will say that they do target seniors or than anyone else, and that is just simply because the younger generation has grown up with a phone, you know, a cell phone and a tablet in their hand and they're generally going to be, you know, possibly more familiar with and seniors probably have more money, as if they're working with you, John, exactly. Okay, so identity theft, having having good protection on your computer and I know there are companies out there that you can pay and they will help protect your identity or refund you money if they get stolen. So there are there are some other protections, but buying large common sense and realizing the bank's probably not going to pick up the phone and call you like that. They're...

...not going to send you an email usually, but do your due diligence, like you said, and politely Hang Up. Find the phone number for the bank, even if it's your local bank in your local city, call them first. So here's what's going on. And they see it a lot too, and they say, yeah, I know, that wasn't us. Yeah, UM, shred, shred, yeah, that was a great movie. Shred. No, that was Shrek. I'm sorry. Yeah, Um. So all right, and this has been very fascinating. Identity that we may have to do some more on things like this, because this is very topical for all of us. Um, how to protect yourself. So it's not just building a life through your portfolio things, is protecting that from these scavengers, these guys who are very, very good at what you're doing. Um, wow, yeah, it's amazing how they're piecing things together because they're probably pretty patient now. They probably know the it might take them a few weeks...

...or months, but you know, they might get a thirty eight thousand dollar Paiday when they get it all put together. So, Um, this particular client ended up losing over fifteen thousand dollars and there's probably no way that she's going to get that back. Yeah, oh no, yeah, and so you do that. And if they did that ten times a week, that's a lot of money, a lot of money. Yeah, they wouldn't do it if they weren't making money. That's right. That's right. So protect yourself. Identity Faff. It's just one of the many, many, many things that are in the brain of John Browning to help you build your life, build a portfolio, protect your money, protect your family and live the life that you want now and into the future so that you have money and you don't fall prey to identity. The after probably a dozen other things, reach out to John at Guardian Rock Wealth Dot Com or text him. Text Twenty one thousand, text let's text the word life on your phone, l I. F A. Text that to twenty one. You'll get all of his contact information and you can reach out to him to talk about identity,...

...theft and a bunch of other things of how he can help you build a life, not just a portfolio. John Brownie, thank you, man. It's been a great, very insightful episode. Good, good, we'll see you next time. Okay, look forward to buddy. Money really is a big part of our lives and John Browning can help you and your family learn how to keep money in the proper perspective. It's important, but it's only a tool that can help you build the life that you want. If you like John Amelie a free copy of his book build a life, not a portfolio, go to John's website, Guardian Rock Wealth Dot com, and click the contact to US link and send your request. John Will Mell a copy of his book right to your door absolutely free. Thanks for listening to building your life podcast with John Browning. Be Sure to subscribe to this podcast so each new episode will be sent to you automagically when it's released. Have a terrific day. Nothing in this podcast should be construed as personal investment advice,...

...and past performance is no guarantee of future results. Investing is not appropriate for everyone. There is a risk of loss associated with investing in the markets. No representation or implication is being made that using any methodology or system will generate profits or insure freedom from losses. Please remember that investing carries risk. Guardian Rock Wealth LLC and its affiliates are fiduciary investment advisors. Please consult with US or another experienced qualified investment advisor before making any investment decisions and or trying to implement any of the strategies and tactics we may discuss in any of our publications or podcasts.

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