Do You Want to Know the Six Easy Steps Into Your First Investment Property?

Thank you for your curiosity about what the six steps are to your life as a Property Investing. As an active investor I know it's not about the property itself, it's about the dream. Property is just the express bus to financial independence, to wealth and to creating a lifestyle full of freedom, choice and the ability to do what you love. 

Have you actually taken the time to ask yourself what financial freedom means to you? Is it having enough money to pay for a fabulous lifestyle, is it having enough income producing assets so you never have to worry about money again? Is it having enough money so you can quit your job, so you too have the time to discover your divine purpose, do what you love for a living and contribute your message, your cause. 

For me it's empowering women in their finances, which is a catalyst for empowerment in all other areas of your lives. So you too can become financially free, to take of the mask you wear every day and to stand in your feminine energy, become authentic and inspired to share your unique message, your gift, your purpose with the world. 

There are so many great property programs in the market place today from successful investors teaching people how to invest, yet only 10% of people who invest time and money in these programs will take action and actually buy a property. Why is that? I realised that 80% of investing is psychology or the right mindset and only 20% is the actual investing. This is why the market has created a need for Property Empowerment. 

After going through the process myself for a third time, it occurred to me that buying an investment property can be a very daunting, costly and time consuming process, when navigating it alone. It's no wonder that only approx 5% of property investors buy more one or two properties and only a staggering 1% retire financially free on with more than five. 

It also occurred to me that many women, regardless of how committed you are, might be put off by the uncertainty and the contradictory information available. You give in to the fear of making a mistake and allow yourselves to be swayed by the well meaning dream stealers to not only give up the challenge, but all the dreams that go with it. 

So to make your venture into property investing by following my six step program. It's about creating the right environment and the right mastermind team of active investors who specialise in residential property investing. Leveraging against their combined experience and knowledge to help you on your journey to property wealth and success. 

Whilst you engage a team of experts, you must however, always remain 'in charge' of your property investing business. Lay a solid foundation for success by empowering your mindset as the most vital first step, then educate yourself in the basics of property, finance, tax and structure. Once you have a sound knowledge of the above, you can leverage against the knowledge and resources of relevant experts to make it happen quickly and efficiently. 

The 6 Step Property Program Includes: 

Step 1: Creating an Empowered Investor Mindset 

Step 2: Education and Information 

Step 3: Finance Strategy 

Step 4: Portfolio Structure 

Step 5: Property Purchase 

Step 6: Property Conveyancing 

Step 1. Creating an Empowered Investor Mindset 

The first and most vital step in becoming a successful property investor is having the right mindset. Successful investing is 80% mindset or psychology and only 20% strategy, which in our case is residential properties. The market proves this to be true over and over again with all the failed property investors who thought it was just about buying a house.

The Oxford Dictionary defines "mindset" as a habitual way of thinking. It has also been described as an attitude, disposition or mood; an intention or inclination. I think this is a very fair description. Having the right attitude about property investing or any other aspect of your life to the point where it becomes a "habit" or behaviour is vital for your consistency, determination and eventual success. 

You must empower your mindset with specific regard to your values, decisions and beliefs around money and investing. Work with Femvestorsglobal to identify and work with your unconscious values in quite some detail to ascertain whether creating wealth is something you value and whether you are motivated toward a desire for abundance or away from your fear of scarcity and lack. If creating wealth is not a an unconscious value, no matter how hard your consciously try, you will not succeed. 

Work with a qualified Neuro Linguistic Programming (NLP) coach who specialises in finance or wealth creation and with their many tools, identify and eradicate any deeply held decisions and limiting beliefs that have unknowingly held you back in the past. Then instill new, more empowering beliefs and lock them all into place using targeted goal setting and visualisations. 

Step 2. Education and Information 

Once you have the success mindset of champions it's time to head into the classroom to learn about Property, Structure and Finance. Although this is when you will leverage the time, knowledge and expertise of many experts throughout the program, it is essential that YOU remain in charge of the property investing business. 

You need to treat every investment property, with its income and expenses, as though it were a stand-alone business with you as the Director. You don't need to be an expert in all aspects of investing, but it is important to be educated and well informed. 

You must understand the basic concepts of property, finance and structure so you can both understand and communicate with the experts in these specific areas of your investing. Get educated in such topics as property basics including property selection criteria and the Wealth Creation Strategy. Look into the basic principles of company and trust structures and which is best suited to your personal circumstances. Look into the multitude of investment mortgage options, the principals of each and shortlist which will suit your current financial and investing situation best. 

Researching and becoming informed will not only increase your financial and property vocabulary but will give you a very sound understanding of property investing, saving you time and money when eventually dealing with the relevant experts. Do not however, use the excuse of lack of knowledge and not knowing enough, to get stuck in analysis paralysis, know when to say enough is enough and get started. You never stop learning about investing, so expect that you will learn along the way. 

Step 3. Finance Strategy 

Now that you have a successful investor mindset and a good basic understanding of property, structure and finance it's time to look in detail at your overall finance strategy which can make or break your success as an investor. With the expert guidance and advice of a finance broker who specialises in investing, not mum and dad mortgages, firstly review the mortgage on your existing home (if any) with the aim of refinancing and releasing equity to be used as a deposit and a buffer for your first investment property. 

Then with your shortlist, look at the best option according to your particular financial situation for financing your new investment property. Once you have chosen the best option, formally gain pre-approval or approval in principal for your future investment property, before moving to the next step. 

Step 4. Portfolio Structure 

Now that you have your finance in order it's time to look at what structure you are going to purchase your investment property in. This is the step that most people skip or don't even realise they need until after they have 3 or 4 properties and it's all getting very messy and complicated with the tax office. Here is where you will rely on the property and tax accountant to determine the right structure for you specifically. Whether you should buy in your name, multiple names, in the name of a company or a trust or a combination of both. 

The structure for your portfolio is as important as the concrete foundation under your investment property. It needs to be just as strong and it needs to be laid first, or like the actual foundation, it becomes very difficult and costly to fix any problems after you have built your home on top. 

You will need to verify this for your own geographic region, If you decided to transfer a property from your own name into a trust you would in effect have to "sell" the property to your own trust which incurs all the normal legal and buying and selling costs including having to repay the stamp duty.. ouch! 

Step 5. Property Purchase 

Now that you have your investor mindset, your sound knowledge, your finance strategy and your structure in place, it's time to finally go property shopping... Yahoo!! This is contrary to a novice investor who at an open house is lured by glossy brochures, the smell of an open fire, baking bread and percolating coffee, falls in love with a property first and then worries about the rest later. As a professional investor, you buy with logic not with emotion. 

In all areas of my own professional investing I assign each task to companies who are specialists in that area. Their teams are so committed and so passionate about their specialty that they spend all their resources sharpening their knowledge, skills and expertise, thereby becoming industry leaders in their field. 

Think of it this way; if you want a haircut you go to a hairdresser, if your pipes are blocked you call a plumber, to service your car you go to a mechanic and these are all relatively minor expenses. Even when selling a home, people engage the services of a local real estate agent they trust. So I don't understand, when spending hundreds of thousands of dollars, people insist they are more qualified to find, select and negotiate on a quality residential investment property than a specialist buyers agent. Unless you are an expert this can be risky and extremely time consuming as you spend 12 months searching for a property. Not to mention expensive as the market keeps going up and up as you search, requiring a bigger deposit. 

I advocate using a professional who wants to see you succeed. One who specialises in the specific area you are investing in, who has all the network and personal relationships required to find you a great investment, with any luck, under market value. 

They will select a short list of properties with a history of good growth that fit within the selection criteria and then it's a simple matter of making an informed choice. Depending on the property type, you can then organise to have your building, pest or strata inspections undertaken as necessary. Being a new investor, or if you are new to the particular buyer's agent, I suggest you organise an independent valuation to confirm you are paying fair market value. 

Once a property is chosen, the agent will use their extensive negotiation skills to negotiate on your behalf for the best possible price and settlement conditions. If the offer is accepted you celebrate!! but if not, then you start over again. 

Step 6. Property Conveyancing 

Congratulations, your offer has been accepted, the deposit has been exchanged, the champagne is flowing and you are now officially a property investor. You are on your way to financial freedom. So now it's time to kick back, relax and watch the capital growth right? Well, not quite... There is still one very important step to go. 

You now need to legally transfer the property from the vendors name into your name or the name of your trust. You can choose either a solicitor or a conveyancer to do this on your behalf. They will do all the necessary searches and checks required to ensure that the property you purchased is exactly as stated in the relevant contract in your country. They confirm that there are no structures that are not government approved, any unexpected water or electrical easements, caveats or any other nasty surprises. 

They will also be responsible for coordinating settlement between you, the vendor, their solicitor and both lenders...Now that is no easy feat! Settlement, usually 30 to 90 days later is when your loan is fully drawn down and the balance of the purchase price and all associated finance and legal fees are paid. 

To further protect yourself, this is also the time to review your insurances and estate planning and create or update your will to include your trust and portfolio. This will ensure that your specific wishes are respected with regard to your legacy that you have worked so hard to create. 

So that's it... a simple, accelerated 6 step process that you can follow, no matter what your level of property experience or what town or country you live in. Start your journey to wealth and empowerment through residential property, so you can become financially free, become authentic and free to create the life of your dreams. So what are you waiting for?

Article Source: https://EzineArticles.com/expert/Luca_Ricciardiello/172537

Top 10 Keys To Successful Real Estate Investments

When dealing with real estate investments there are many steps to go through before investing. Here are my top 10 keys to a successful real estate investment. 

1) Education 

If you are not experienced in real estate investments the very first thing you should do is to get educated. Take the time to find out what all of the risks are in the investment type you are interested in. Find others that can help educate you on the investment type, which are not involved in the transaction you are doing specifically so there is no conflict of interest. Buy educational material, get connected with online groups and go to multiple seminars in order to continue your education

2) Goal Settings 

If you do not have a goal lined out for your real estate investments how do you plan on getting there? Most investors buy one property, or invest based on emotion rather than having a set goal in mind. For example, you could have a goal of obtaining $30,000 per month in passive rental income from your investments through buying single family rental homes and apartment buildings. Your goals should be clearly defined and should include protections and risk mitigation techniques to make sure it is a stable viable plan that can be obtained

3) Building Your Resources

You WILL NOT become a successful real estate investor without resources. In real estate resources include, capital investors, property leads, team members and much more. For this you must expand your relationship base. Real estate is a team sport so if you do not build your network, you cannot build your team

4) Building Your Team 

In order to make your investments work you must build your team. Some of the team members you need are Real Estate Agents, Brokers and Bankers, Private Lenders, Appraisers, CPA's, Attorney's, Affiliates, Inspectors, Property Managers and Contractors. There are much more but it's pretty impossible to name them all. It takes quite a bit of time to develop your team and make sure they can be relied upon. Building a team is the most important aspect of investing other than your due diligence on the investment itself

 5) Due Diligence

Before investing in any real estate asset your due diligence is crucial. You need to analyse the market your investing in, the market timing relative to that market, the specific neighborhood, the market value of the investment, the cash flow it produces, the rental income it should bring in, all of the expenses related to the investment and much more. 

Inspections should be done as well as review of all of the backup documentation such as leases and contracts. Think like an auditor, review all of the backup information provided by the seller and verify it with an outside source as much as possible. I hear horror stories all the time about how people lost money in real estate. After inquiring as to what happened I can say that 99% of the time the investor did not do or know how to do the right due diligence on the investment in the first place. 

6) Property Management

Property management can make or break your investment. If you do not have a competent property manager that actually cares about your investment and your success you will have a losing investment. 

Most managers are bad at some of the basic management functions such as accounting, rent collection, tenanting, leasing and background checks, repair calls and taking care of the tenant. By far the most important and biggest problem is communication with the owner of the property. 

Communication is crucial because without communication the investor cannot make decisions regarding the investment and lack control. Property management also needs to be structured based on performance, meaning, they get paid if it's occupied only, not when it's vacant and there are incentives in place to optimise performance. 

7) Marketing 

If you do not know how to market for property, capital, property sales, and resources you will not be successful in real estate. Marketing and sales is one of the most important parts of any business. 

During economic problems and recessions most companies cut back on marketing when it's most important to increase your marketing efforts. If there are less investors, buyers, and resources available because of the economy, there is more of your competition going after your resources. So in order to attract those resources before your competition you have to market more. 

Marketing and sales is a business all in itself so getting educated on marketing strategies is imperative to your success. If you do not understand it or start to learn about internet marketing you will not gain the market share you deserve and will not be as successful. 85% of buyers go online first for investments. 

8) Treat Your Investments As a Business 

Most investors buy one real estate investment and do not fully utilise all of its capabilities from a business perspective. If you own one property or 50+ properties you should be treating it as a business. Be sure to keep track of ALL of your expenses related to the investment, the due diligence you did, travel costs you incurred, etc so that you can get a deduction for those items against income from other sources. 

These types of expenses can happen annually and a percentage of your personal expenses can be used as a tax loophole in order to deduct more against your active income from your job. Your biggest expense in life is your taxes. It is the government's job to find more creative ways to tax us. It is our job to find creative ways to legally not pay taxes. If you are not winning against the government, start to educate yourself on key tax saving strategies. 

9) Legal Protection And Tax Structuring 

It is crucial that you protect yourself from financial predators. There are people out there that will sue anyone they possibly can. It's really important to obtain insurance or put your assets into a proper entity so that you are not liable in frivolous lawsuits. 

Please consult your individual tax advisor to go over your specific situation. Also be sure to keep yourself separate financially from the investment or entity you hold the investment in so that you do not pierce the corporate veil. If you co-mingle your funds there is a very real possibility that in court your legal entity protection that you worked so hard to setup is worthless. 

10) Investing In Sustainable Investment Types 

Invest in asset types and real estate investments that are sustainable in the long run. Look closely at the cash flow included in the investment. 

Flipping can be much more dangerous than investing for cash flow because you typically have a payment on a flip investment that is not covered fully by the rental income and if you get stuck with the property you find yourself in a negative cash flow situation and can only sustain as long as you have money in the bank that can make that payment. Many people lose a lot of money trying to flip property, not knowing fully what they are doing and the risk they are taking only to lose a significant amount of money. 

On the other side when you are investing for cash flow only invest in quality assets. Typically if you invest in low end assets in your market you get low end tenants also. What I consider a low end tenant is someone that does not pay the rent on time if at all, causes damage to your property and is a nightmare to deal with. This happens quite frequently in low end property for a particular market. 

You want to invest in quality long term assets that are going to produce positive monthly cash flow and make you a great return on investment after you have been conservative with the numbers. I truly believe if you do these things along with increasing your financial IQ you will be successful if you work hard for it. 

Most of the wealthy individuals in the world work hard for their money and are constantly evaluating their financial situation and investment goals. Putting a personal budget together and reviewing it monthly, creating additional income sources, implementing tax savings strategies, protecting your money from financial predators and constantly educating yourself are the keys to becoming wealthy. 

Article Source: https://EzineArticles.com/expert/Mathew_P_Owens/916588 © 2021

10 Most Common Mistakes That New Cryptocurrency Traders Make

Are you thinking of getting started in the world of crypto trading? If so, make sure you avoid the most common mistakes. You will be better than most of crypto traders by avoiding these mistakes. The interesting thing is that almost every trader makes these mistakes without even realising it. Without further ado, let's check out those common mistakes. Read on to find out more. 

1. Emotional decision making 

Beginners tend to trade emotionally. But the thing is that trading has nothing to do with your emotions. As a matter of fact, if you make decisions based on your emotions, you will be heading on the road failure. 

2. Buying high and selling low 

Another common mistake that beginners make is buying high and selling low. You don't want to get greedy while doing this business. What you need to do is buy low and sell high. This is the only way to make a profit trading crypto. 

3. Selling at once 

Due to the two mistakes mentioned above, beginners purchase or sell their Bitcoins at once rather than buy and sell them gradually in small quantities. If you ask an experienced trader, they will ask you to sell 20% of your Bitcoin post 50% profit. But the problem is that new traders are too greedy to sell. Therefore, they don't have the money to purchase dips. Some of them sell all of their Bitcoins at once. 

4. Buying wrong currencies 

New commerce purchase cryptocurrencies that make tons of promises using big words. Suggest using organisations such as Coingecko and Reddit to understand the applications as opposed to the hype you see in the media. I strongly also suggest that you don't purchase any crypto that has increased circa 200% in a few weeks as the price will fall. Place a buy order price similar to before the hype as it will more than likely reach this price again in the short term. 

5. Putting your eggs in too many baskets 

Because of the previous mistake, beginners tend to invest in a lot of cryptocurrencies. This is not a good idea as it can make it difficult for you to earn large scale profits. Ideally, you may want to invest in 3 to 4 coins. In the world of cryptocurrency, you cannot afford to put all your eggs in tons of baskets.

6. Putting all eggs in one basket 

Another common mistake is to put all your eggs in the same basket. Ideally, you must have a well-diversified portfolio. Apart from this, you may not want to deposit all your cryptocurrencies in the same wallet or exchange. What you need to do is make use of a minimum of three wallets. This will help you protect your investment. 

7. Placing a Stop Loss 

Due to the volatility of crypto, I do not suggest placing a stop loss on your coins. I lived through the 2017/2018 crypto environment where the price jumped from $20k a coin to $3.8k a coin in less than 1 year. Many people panicked and sold in the red or alternatively stop losses were triggered. Many investors have avoided the crypto markets ever since due to the losses incurred. I personally held out and bitcoin has increased to $58k (Today's price). 

8. Crypto Exchanges

An exchange is basically a way of transferring your government produced money i.e Dollars, GBP etc (referred to as Fiat money) to Cryptocurrency. I prefer to use Centralised Exchanges for purchasing and recommend Binance, Coinbase and Kraken as a preferred option. Please do your research carefully as there are several fake companies and scams on the internet. 

9. Crypto Wallets

If you are placing large amounts of money onto an Exchange. For piece of mind, you may want to hold your coins in a hard wallet. The best way to describe this is that a wallet is similar to a USB type stick where you coins are stored in a folder. Note that you will need to understand clearly how to transfer your crypto from an exchange to your wallet as it is fairly complex. Youtube have great videos and well as Nano who can clearly provide you with step by step instructions. If you do not follow the instructions carefully you are at risk of losing your coins.

10. Exit strategy

Document your exit strategy in writing (basically a written contract with yourself) as to the price point you would sell your coins and use this as a guide when to take profits. Each of us are individual and it is very much dependent upon your risk tolerance. I am prepared to personally hold my coins for the long term as I see the potential with the projects I have invested in. I also have pulled out my original investment so my emotions are in check.

Long story short, these are just some of the most common mistakes new cryptocurrency traders make. If you follow these steps, you will be less likely to make these mistakes. As a result, your investment will be safe and you will be more likely to make a profit rather than suffer a loss. Hopefully, these tips will help you get started as a new trader and make a lot of profit. 

Article Source: https://EzineArticles.com/expert/Shalini_M/2609777

Contracts and Agreements - How to Protect Your Finances

This article is about contracts and agreements e.g. rental agreement, mortgage agreement, loan from family member or friend, credit card agreement, hire purchase agreement etc... and what you should be looking for to protect yourself and your assets. 

These are the kinds of agreements that affect most of us whether we have limited funds or a great deal of money. 

Whether we are making these contracts and agreements with people we love and trust or whether we are making them with strangers. There are some simple rules of thumb that we should all be looking at as they apply to most of us. 

Historically, most countries did not recognise women's rights to own property. You could not get a mortgage or credit without your husband's permission. 

If you wanted to know about money, we were told not to worry our pretty little heads - so it became the man's job to worry about money and the woman's job to take care of his personal needs and to be the heart of the house. He worked, he provided for their needs, she took care of the children, the household chores and her husband's needs. Consequently when a husband died or divorced her or just disappeared, she was left not knowing how to balance a chequebook, not knowing what her mortgage rates were, or how responsible she was for paying that mortgage down. She had no knowledge of insurance and was often left without insurance coverage for herself and her family. As far as her car was concerned, she knew how to put the key in the ignition and get to the nearest service station.

 Nowadays, women are in top positions in corporations but many of us still have our husband's making the major decisions on things like insurance, mortgage rates, investments, medical coverage and pension plans. 

It still occurs that when a woman gets into a relationship, she's always given her husband/partner dominion over her assets. 

She could come into a marriage with a house completely in her name and once she gets married and he wants to be put on the title to it, she doesn't question it. 

Women are also known to take the softer view. I love him, everything we have is ours. We share and share alike. I should be putting the house in both of our names. WRONG, wrong, wrong. 

If he wants to be put on the title, or you want him to be put on the title, get 3 evaluations of the house and let him give you his share of the money for that house. After all if you are going into a business partnership and someone wants to buy into your business, you would have your business valued at current prices, and that partner would have to buy in cash at the current value. A house is no different. Once he is on that title, he can do anything with that house, he can take out loans against it, and he can walk out on you, or he can mortgage it to the hilt and die leaving you with debt. 

The same can be true of a man who owns property, but men usually cover themselves with pre-nuptial agreements. Us women, historically have not been that smart. However, we have got smarter in recent years, generally our emotions are engaged so quickly and so deeply, we often have to be reminded to protect our assets. 

The same thing holds true if you own your own house and your spouse wants you to sell it so that you can move into a larger place - once again, that partner should be compensating you with the value of his or her share of the house before you sell it. Because if the marriage falls apart, either way you would lose out because when it comes to a division of assets - you only own half of the new house and none of the house that you had in your own name before the partnership. 

For example, I knew someone who had her own home that she had bought with her own money and had been living there for a number of years and that house was almost paid off. Then she got married. The new husband moved in. A few months later, he decided he didn't want to live in that house. He wanted them to sell it and live in another house. After their divorce 15 years later, all she was able to get was half of the new house and nothing of the house that she had originally. When you are dealing with monies, even if you are in a deep relationship, with a family member, a friendship, your spouse and you trust the other person deeply. You have had a lot of experience over the years and you think to yourself that you don't need a written agreement - think again. You can never tell if or when the other person is going to back off and leave you with the debts and responsibilities or if the other person is going to sell off their half of the partnership leaving you unprotected. 

You may trust this person wholeheartedly and may never had cause to doubt them - but circumstances can and often do change. For example, I knew a guy who had been having marital problems with his wife. All his money was tied up with hers and in their house. He was advised by a counsellor to start saving money in a different bank account from where he and his wife had an account, a bank she knew nothing about. On New Years Day after everyone had left after a party, she threw him out of the house and would not allow him to come back. Luckily, he had put some money aside in a separate bank account. Had he not done this, he would not have had the money for a month's deposit on a lease and he would have been out in the street. 

If you have a quote from a builder with materials included, their suppliers could go out of business, the builders costs could go up and your costs could go up accordingly. If you want to protect yourself on materials, open up an account at a builder's merchant so that you can buy the materials yourself and you can get the most competitive prices. That way, when your builder is quoting you prices for labour, you know you are just paying for labour and you can negotiate his labour costs, especially now when construction work is in such short supply.

So as you can see, on a personal and a professional level, you always need a written agreement. 

You can be in a romantic relationship or a marriage and all of a sudden your partner goes to the bank and draws all your money and you are left with all the debts. And no matter how much you love someone, where there is money involved, make sure everything is spelled out really well. Make sure your lawyer has covered everything and you are not leaving any loopholes. 

For example, I knew someone who had been married for 25 years and their only daughter was getting married. The wedding was very expensive and as soon as they got home from their daughter's wedding, she started preparing for bed. She sees her husband has a suitcase and he is emptying his drawers out into the suitcase. What are you doing? I am packing, I'm leaving you. I just wanted to wait until our daughter got married and was out of the house so I could leave you. I have found someone else. After 25 years of marriage, he just walked out and left her with a pile of debts. 

If you being asked to sign anything e.g. a husband of 30 years - make sure a lawyer checks the paperwork. Ensure that someone can explain it to you and don't be led like a lamb to the slaughter. In the end that partner may leave you, divorce you or die and may leave you with a lot of debt. You need to know what you are going to be responsible for. 

Another important point to remember is that if anyone wants you to sign papers quickly, your answer has to be NO. Don't ever allow yourself to be rushed into a financial agreement. No matter how good the deal might sound, you need time to assess whether it is right for you.

If you are ever asked to sign a lease, or a mortgage with your partner or spouse, make sure you understand it thoroughly. Make sure you can afford it. People have a tendency when they sign a lease or a mortgage to figure out how much they can afford to spend each month. What they DON'T calculate into these costs is a failing economy, or one or both of the partners being laid off or fired and they are out of work for an extended period of time and cannot find other employment. 

So if you are contemplating signing a lease or a mortgage with a partner, make sure you calculate it for just one income, because if you are basing it on two incomes in this economy you may find that you do not have enough money to cover the rent or the mortgage. 

Don't be embarrassed to tell your spouse or business partner that you want to speak to a lawyer to have him go over the fine print with you. When signing a legal document, many people don't bother to read the fine print - or if they do bother to read the fine print, they don't understand all the details. Wherever your money is being spent, that's where you need to be very vigilant about your role in protecting it. 

Article Source: https://EzineArticles.com/expert/Barbara_Goldsmith/416795