I always have to show up in person at the Chinese bank with my passport in order to get access to large sums of money that has been transferred into China. For those who want to transfer moneyout ofChina, there are quite a few more regulatory hoops you’ll need to jump through. While...
The rich, on the other hand, teach their kids different money lessons. These lessons are centered on how money works and how to make money work for you. That is, how to make money without a job. Because of this, the rich kids keep getting richer. A while back, Robert Kiyosaki wrote ...
Money laundering is a ubiquitous practice. The United Nations Office on Drugs and Crime reckons that somewhere between $800 billion and $2 trillion goes through the rinse cycle every year [source: The Economist]. That's in the neighborhood of 2 to 5 percent of the entire planet's GDP! Th...
Many of these lawsuits are exaggerated or false and filed just to steal money. You’ll be grateful for your corporate entity when that happens.For centuries, the wealthy have used legal entities such as corporations. For a better explanation of how legal entities are used to protect the ...
Prevents Financial Losses: Insufficient testing can lead to vulnerabilities that allow fraudsters to steal funds or conduct fraudulent activities, directly impacting a bank’s bottom line. Maintains Reputation: Security flaws and poor app performance can lead to loss of customer trust and reputational da...
A patent is a property right that the government grants to inventors to forbid others from making or using an invention for a limited period of time (usually 20 years). If someone does steal your invention, the patent grants you the right to sue the guilty party. Sometimes, someone who di...
1. I opened put up a lemonade stall in our community garage sale. The total cost of items was $10 and the totalsale amount was $98 in 3 hours. I admit you can make much more money in three hours. But, when you have time and don’t know what to do, this may come in handy....
Creating an account under someone else’s name opens up a world of malicious possibilities. In some cases, the scammer’s goal might be obvious: They want to steal money by bouncing checks or overdrawing the account. More complex plans might include laundering money from illegal ac...
Tax season is a prime time for scammers to exploit taxpayers. From fake refund offers to threats of legal action, these fraudsters use various tactics to steal your money and personal information. By staying informed and vigilant, you can protect yourself from these common IRS scams. This artic...
One question we get asked most is how we make money while traveling – how can afford to travel as much as we do. We of course try to cut our costs as much as possible (free lodging, anyone?), but we do also work. Many people don’t realize the plethora of opportunities that abou...