bookmark_borderFind Mass Money That Could Be Yours

In the search bar write “mass money” or “unclaimed property” and the state you live in at present. A search box will appear on the screen. Fill in your name, spell it as it appears on official documents, ID cards, passports, driving license etc. and your address.

Follow the directions on the screen to submit your claim. Fill in all the required information.

Attach all the necessary documents in order to prove you are the rightful owner of what is being claimed and send. This can be done online or you can have all the papers printed and send the forms by mail to the specified address.

It is advisable to repeat STEP 1 and STEP 2 for every state you have ever lived in or stayed temporarily. You can even go back and extend your search for a deceased member of your family. The progress of your claim can be followed up, as it may take about a couple of months for completion. The documents which are usually required are: proof of address, a copy of birth or marriage certificate, utility bills, tax records or other legal papers, depending on the case.

There is usually no cost but if there is one you do not need to pay until you are notified that you are the rightful owner of the claim. Furthermore, it is important to remember to collect the money within the stated time. Otherwise, it may end up unclaimed again and you will have to repeat the whole procedure.

bookmark_borderMoney Transfer Threatens

Money laundering

Sometimes scams are initiated with an email or a phone call, or even an advertisement in the newspaper, offering commission for work with minimal risk. All that is required from the prospect is a laptop, an internet connection and a few hours every week. It might be pitched like an opportunity to work from home or flexible working.

You will be asked to either deposit money to receive initial working kit or receive a hefty payment into your bank account, then redistribute the money overseas (laundering). Whilst the fraudsters may convince you that money is being used for legitimate purposes such as trading shares abroad, or helping a charity distribute funds – you need to be vigilant. Or you could find yourself unwittingly funding criminals or converting someone’s black money into legitimate funds. Further, once you are lured into this by commission, scammers may also try to access your bank account, using the details you have given them.

Don’t respond to such advertisements or give your bank details to strangers. Ever.

Gift card/phishing

This scam usually happens during the holiday season. Consumers receive special promotion or gift card emails that look like it comes directly from an authorised retailer. Unfortunately, the links to the special promotion lead to a replica of the real website. The fake site swarms with malware, virus and phishing worms of all kinds that invade your gadgets to retrieve your financial credentials.

Look out for a small security lock icon at the bottom of your browser or next to the HTTPS in the browser bar when accessing any profiles, user accounts or online forms that ask you for financial information.

Online shopping

There are many fake companies online that sell drugs without legitimate prescriptions, or weight loss products. If an offer seems too cheap/good to be true, it will most definitely be a fraud. So no matter what the seller says, never share your credit card details for payment. Don’t take chances on your health and wealth by sending money to a stranger without proper validation and research.

Be vigilant, check reviews and avoid payments by any means. In fact COD might be better than giving your credit card details on their website.

bookmark_borderSaving Money For Children

Here are some easy tips to help you begin saving money for your children’s futures.

  • Open a children’s savings account as soon as possible. Most of the high street banks and building societies offer these and at the time of writing offer interest rates as high as 5% gross with instant access. This means any money you do save isn’t sat around doing nothing, it’s earning more money!
  • When a child’s birthday or Christmas comes around, ask friends and family to donate money rather than buy gifts. Of course, this doesn’t have to mean your child gets no gifts only money. Maybe you could ask half of your friends and family to donate and the other half to buy gifts? Or maybe you could ask them all to donate and you purchase gifts on their behalf, saving a portion of the money to be added to your child’s bank account? This may sound a little cruel, but in the long run your child will benefit and really, how many toys do they need?
  • Get your child a piggy bank. Adding your spare coppers and small change to a piggy bank will make very little difference to your perception of how much money you have and can really add up very quickly. Having a fun novelty piggy bank can encourage your child to start adding any pocket money or small change they are given too. When it comes to cashing your piggy bank funds up and paying them into their bank account, please, please don’t be lazy. Don’t use one of the automatic counting machines available at most supermarkets these days. They may be convenient but they make a profit by taking a percentage of the money you pay in, usually around the 10% mark, which really is astronomical. Do you really want to be paying 10 pence in every pound you save just to save you having to count? Grab some money bags from your bank and do it the old fashioned way.

bookmark_borderWays To Manage Your Loans

Unless you have opted for an inheritance loan company and have taken loan in advance (against the inheritance you are going to be blessed with, in a few days), managing the debts can be quite difficult. But worry not – here are some of the tips I would like to give you to balance your life, even with all those debts on your head:

  • Don’t panic: The first, and the most important thing, that you need to remember is not to be panicked at all. No matter what happens or how bad the times turn, remember that things can be better, if you plan them in proper ways. Keep a backup plan ready for every single step you take, with respect to the debts you have on your shoulders.
  • Don’t spend all the money at once: Just because you are going to get the inheritance in a few days does not mean you can spend all the debt you have taken. First of all, you haven’t received the inheritance yet and the money that you have taken in advance is nothing more than a debt at the moment. Therefore, be careful before spending all the money that you have borrowed.
  • Save first to have sufficient funds to return the money: Instead of spending first, save first to have sufficient money to return in future. Your savings should be so strong that you can repay the debts, even if you don’t get the inherited amount in your hands.
  • Make sure you WOULD get the inheritance: There are certain ways in which you can find out about the truth behind the will of your deceased parents. Make sure you are going to get the inheritance, before you spend the money completely. What if you don’t get it and you have to return the debt on your own?
  • Remember to spend wisely: Instead of spending money without thinking, make a plan. Find out the reason behind why you took the loan. Spend money according to the plan, instead of spending it without a thought.

bookmark_borderMoney Mindsets

Rich-Minds are selfless and purposeful people who know that by prospering they can genuinely contribute meaningfully to humanity, so they view money as a necessary means to accomplish that end, and not as an end itself. And because they fully understand that money is the globally accepted agent for value exchange, they diligently strive to create wealth for the sole purpose of advancing their chief aim in life. In fact, for these people, money without purpose is nothing. They are givers, builders, righteous, believers, peacemakers, lovers, generous, charitable, dreamers, achievers, bold, authentic, and original… Follow them for they are the crusaders of good money and long-term gains!

On the other side of the divide are Poor-Minds who are selfish and greedy because of their flawed mentality about real prosperity. According to them, making and having money perpetually is the main essence for human existence so they must continue to amass wealth at any cost. They worship money, and are prepared to sell their souls in pursuit of it, because, in their own order of relevance, the love of money is far greater than the need for purpose and significance in life. And so, for these people, money is the purpose for everything. They are takers, destroyers, criminals, deceivers, war mongers, exploiters, stingy, schemers, corruptible, desperate, fraudsters, claimers, fake, and superficial… Avoid them for they are proponents of quick money and short-term profits!

But observing lazily from the sidelines, in a critical and judgmental manner, are the Lost-Minds who care less because they feel that money is the ultimate problem of this world. They falsely believe that money is evil and so every struggle for it, whether for good or for bad, must surely lead to hell. Moreover, their spirits lack a vital element of life which is purpose, and for this reason, they are blinded by the fogs of scarcity and jealousy to the extent that they lack the ability to see any need for wealth, and thus, they never achieve anything meaningful or significant in life. In short, these people believe that there is no purpose for money in anything. They are receivers, critiques, naysayers, dream-killers, doubters, haters, beggars, ill-wishers, vulnerable, timid, drifters, blamers, undefined, and controversial… Ignore them because even though they advocate for a world with no money, they still have an acute sense of entitlement!

So obviously, money can be good, can be bad, or, can be nothing. This is because money on its own is neutral; however, it is the means by which we seek, chase, manage or use it that can either be harmful or helpful. Similarly, what gives money its energy, power and potency are our perceptions, interpretations, intentions, actions and reactions toward it. Of which, money can be used to accomplish more good than evil if most of our pursuits in life are meaningful and significant based on the values of integrity and honesty. By creating and having more good wealth, we can help more families, build more homes, put food on more tables, educate more people, heal more patients, fund more businesses, create more job opportunities, donate to more charities, support more worthy causes, do more projects, find more solutions to many human problems, etc. In any case, it is crucially important to note that amidst all the confusion about the need, the love and the lack of money, our financial hardships or the lack of them, has absolutely nothing to do with money itself, but everything to do with our Money Mindsets.