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Swindler’s list: History's biggest swindlers

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The allure of wealth and financial freedom has always been the goal of most people since the dawn of currency. Today, people can accrue money by working, but most people don’t earn enough to get rich, or at least to become rich enough not to worry about their finances. This is why there are swindlers who employ financial scams. People who are always looking for ways to earn money in the easiest and quickest way possible are prime targets for swindlers, and history has several big names to use as examples. Here are some of the biggest swindlers in the country. Steve Sorensen Embezzlement. Charles Ponzi Charles Ponzi is the father of the Ponzi scheme. What started as a legitimate business ended up as the foundation of the pyramid scheme. Basically, he used money from new investors to pay his old investors who end up re-investing on his business. At the height of his career, Ponzi was earning one million dollars per day. Steve Sorensen Embezzlement . Lou Pearlman Lou Pearl

How much did Amazon grow in 2020?

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Image source: markets.businessinsider.com It comes as no surprise that among global businesses, Amazon would be on top this year despite having one of the worst economic year in decades. Because of the outbreak of COVID-19, most companies had to deal with losses. But for an e-commerce giant like Amazon, the situation would only highlight their strength in logistics during this opportunity. Here is how Amazon grew as a business in 2020. Steve Sorensen Embezzlement. As a publicly traded entity, Amazon gained trust for its logistics capability and it skyrocketed since, for many, it replaced retail shopping altogether. And with that in mind, people invested more on their stocks and offerings. One could even say that the recent debacle with the US Postal Service also gave way for Amazon to secure more businesses as partners and customers. Steve Sorensen Embezzlement. Image source: ft.com We mentioned that Amazon’s e-commerce space replaced retail shopping. Because of the outbreak

Financial security: Making sure the first paychecks don’t go to waste

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Image source: entrepreneur.com The first paycheck is always a source of pride and joy for new employees as well as new business owners. Usually, employees treat the people they love to a simple celebratory meal. For business owners, they normally have that first check framed. Steve Sorensen embezzlement . What people should be doing with the next paychecks, however, need to be planned out well. Financial experts and consultants explain that this is the time people develop the most important money-saving habits. Steve Sorensen embezzlement . For employees Image source: blackenterprise.com Employees should start investing in an insurance plan as soon as possible – but not blindly. They should learn the policies and coverages, and calculate how much of their monthly paycheck can be used to pay for the plan. This is important since the younger a person is, the cheaper the insurance premiums will be. If the employee can afford it, he or she can look for other investment

Important points to remember after being victimized by fraud

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Image source: pymnts.com  Fraud can lead to several problems for the victim, all of which being potentially disastrous. From identity to credit card fraud, people need to know what to do when they find themselves targets and victims. Steve Sorensen embezzlement . Credit card fraud happens when a perpetrator gains access to a person’s sensitive information on their credit card and uses the account to make purchases without the card owner knowing. People become vulnerable to credit card fraud when they lose their credit cards or have it stolen, or a hacker gains info such as account numbers and PINs. Steve Sorensen embezzlement . Image source: pensco.com For this type of fraud, which is quite hard to track, card owners are taken by surprise when they see their monthly statements, conduct bank transactions, or get notified of purchases that are “out of the ordinary.” Steve Sorensen embezzlement . Once a person realized that they are a victim of credit card fraud, the first t

Practical tips to prevent overspending while sheltering at home

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Steve Sorensen Embezzlement. The coronavirus pandemic has greatly affected the economy. Millions of people have lost their jobs and others are earning less than the usual. Even with assistance from the government, financial security should still be prioritized. Despite the lifting of stay-at-home orders, many are choosing to remain indoors to keep their families safe. Here are some practical tips that will help prevent overspending while sheltering at home. Have a budget Steve Sorensen Embezzlement. With the limited resources available to some, it's important to rethink one's purchases. Having a budget can keep the household in check regarding their expenditures. Aside from the day-to-day consumables, there are also bills to pay. For those who live with family, sitting down with other members to discuss the budget might help with getting only the necessities without draining the funds or getting into debt. Prioritize savings Most people who are working fro

On managing credit score during a crisis

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Image source: pexels.com For many individuals around the world, paying bills has become more difficult due to the COVID-19 pandemic. Since the pandemic started, many businesses have closed or stopped their operations, leaving many employees fending for themselves. In a financial crisis such as this, one should be mindful of their credit score. Steve Sorensen Embezzlement Income reduction and job loss could mean missed payments. Make it a point to reach out to creditors before missing a payment. Creditors may have provisions in place to help debtors navigate through an economic downturn. Immediately reevaluate the cash flow to know where to make cuts in expenses. Look for any bleeders. And, if possible, get rid of them quickly. These may incur charges without one’s knowledge and may increase their debt. Steve Sorensen Embezzlement . Image source: pexels.com A person’s top priority should be their basic needs. Market experts believe that worrying about credit

Five tips to become a frugal house buyer

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Image source: forbes.com Even during a pandemic, the real estate industry is not taking a break. Many home buyers this year have spent years to save up for their dream home, and are not being hindered by COVID-19. The thing about buying a home during a crisis is that the price tag can work to one’s advantage. The first step to being a frugal home buyer is to review home prices . This will help a future homebuyer determine how much money needs to be saved for purchasing a house . Pricing is not the same for every state. Consider location when searching for house prices online. Having ballpark figures can lead one to save better and more aggressively. Steve Sorensen Embezzlement . Image source: 7thlvl.com Now, it time’s for practical tips to saving money. Split your paycheck in different accounts . This principle is the same as having an automated savings account. Having two accounts for the paycheck, with one of them rarely used, prevents one from spending the