SLIC METHODS: Protect Your Check
In Milestone 4 of Unindebted The Course, I discuss SLIC Methods and how they will help you accomplish your financial goals. My group coaching clients get ALL the exclusive gems; however, I would like to briefly touch on the SLIC Methods and their importance.
What are SLIC Methods?
S = Security and Savings
L = Lifestyle and Legal
I = Investments, Insurance, and Income
C = Credit
SLIC Methods include to-do’s, strategies, step-by-step instructions, and awareness tips to achieve your financial goals and secure your future. With SLIC Methods, YOU implement them at your OWN pace. The SLIC Methods are contingent on your lifestyle and financial standing.
Let’s talk about Security.
Protect Your Check! Security means protecting your property and personal information from physical and online identity theft.
Take it from someone whose account was hacked. It’s not fun AT ALLLLL! This happened when I was in college and after I cashed in my bonds. The money I received was sitting in my checking account to pay for my expenses when, suddenly, I noticed a charge for $525. I FREAKED OUT! Someone made a charge for $525 in computer supplies using MY MONEY! After calling my bank, they evaluated the charge, confirmed the charge was fraud, and placed the money back into my account within 30 MINUTES!!
This wasn't the only time that this has happened to. A few years later, $800 was taken out of my savings account; an account I didn’t even have a card for! Come to find out that my savings account was hacked as part of internal fraudulent activities by employees within that bank. #IfYouKnowYouKnow.
TOTALLY not my fault, AGAIN! But it still happened! Thank goodness, I was able to get my money back to go on my trip to Punta Cana.
Why is this important?
According to the Insurance Information Institute, “Identity fraud victims in 2018 bore a heavier financial burden: 3.3 million people were responsible for some of the liability of fraud committed against them, nearly three times as many as in 2016.” Losing your money to identity fraud can deter you from your goals and can put a MAJOR financial strain on your everyday responsibilities. Yes, anyone can be vulnerable to hackers, but if you are aware of how to properly secure your information, it can lower the risk. Own Your Check also means Protecting Your Check and taking the initiative and being a step ahead so that when LIFE happens, you will be able to stay on your feet! At the end of the day, if an experienced hacker wants to steal your information, THEY WILL! What you can control is not carelessly leaving your personal information unsecured.
In my course, I share with my clients over 40 security SLIC methods on how to protect personal information and physical property.
To learn more about my other SLIC methods and more, join the Unindebted the Course waiting list or visit my services page to discuss how I can help you achieve your goals!