Everything You Need to Know About Identity Theft with Barry Russel

Identity Theft is a huge problem that encompasses more than credit card and bank fraud. Your personal identifying information can be used by criminals to apply for loans in your name, commit prescription pill fraud, or work under your professional license. Worst of all, your child’s information can be sold on the dark web and you may not find out till years later after their name has already been destroyed.

Barry Russel from Legal Shield is here to talk about the five different kinds of identity theft, case studies of identity theft, and how we can protect ourselves and our families from identity theft. He also tells us what steps we need to take if we suspect our identity has been stolen.

This problem is rampant and out of control. It’s not a matter of if. It’s a matter of when. Arm yourself with everything you need to know about identity theft in this episode.

What You’ll Learn

  • How identity theft is the fastest growing crime in the world
  • Identity theft is up 126% from the previous year
  • How 446 million records were exposed in 2018
  • What information gets exposed during breaches of big names like Marriott, Target, and Equifax
  • How hackers get into databases
  • How the most at risk are children and seniors
  • Why kids’ IDs under the age of 8 are most valuable
  • The emotional impact of identity theft
  • The five different kinds of identity theft
    • Financial – 17-20%, credit cards and bank accounts, the most easily solved
    • Social security number theft – used to hijack tax returns or apply for employment
    • Criminal identify theft – when a criminal uses a driver’s or professional license and commits a crime in your name
    • Child identity – sells for as much as $250 on the black market and dark web
    • Medical identity theft – stealing an ID to obtain medical services or prescriptions
  • Case studies of each kind of identity theft
  • How to recover from identity theft
  • A good identity theft plan should:
    • cover the whole family
    • be affordable and on a month to month basis
    • have proactive monitoring of PII, including social media
    • offer regular reporting monthly
    • send notifications right away for unusual activity
    • monitor credit card and bank accounts
    • be a credible, established firm
    • cover the IDs of minors
    • offer extensive consultation
    • use Licensed Private Investigators
    • offer a password creation system
    • Have a service guarantee
  • The best way to prevent ID theft—take action, get protection


id protection

For Listeners of The Dad Edge

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Jordan Goodman

How to pay off your home mortgage and be financially free in 5 years with Jordan Goodman

Jordan Goodman, America’s Money Answer Man, comes on the Good Dad Project Podcast and shares insights on paying off our mortgages in 5-7 years, paying off credit debit, and saving for the future.

The American Dream: House, 2.5 kids, pets, credit card debt, 30 year mortgage with an arm, car loan, wondering how to pay for the education of those 2.5 kids, the list goes on. It’s kind of a given, isn’t it? Being strapped till the end of time with debt? It kind of nestles itself right in with the family, just like that annoying relative. How comfy! But, what if, you could eliminate that unwanted “family member” more quickly than you thought?

The Mortgage

Jordan Goodman (Money magazine, financial analyst at NBC along with being the author of numerous books on the topic) has helped people pay off their mortgage in 5-6 years and reduce their credit card debt. Yeah, right, you say. But, it’s true! He says if you have equity in your home, take out a Home Equity Line of Credit, connect it to your checking account, use the credit line to pay towards the principal of your mortgage. Repaying the line of credit and then repeating the process six months to a year down the road, you will have that house paid off rapidly.

The Debt

Credit cards can be both a blessing and a curse. The blessing is that they help build our credit. The curse is that, if we overspend on them, we can find ourselves in a world of hurt. Use one credit card to pay your bills every month and then pay it off the next month. That way, you keep your credit in great standing and pay your regular bills.

The Budget

Half of all divorces occur because of money issues. Yep, that unwanted family member is responsible for half of all the broken marriages. So, one solution to that issue is to have open communication with your spouse regarding handling money. Our relationship with money may differ from that of our spouse (most likely it will), so, understanding how our spouse deals with money and communicating how you deal with money is key to a happy home. If you really enjoy golf outings, but your wife loves her Manolo Blahnik’s (it’s a big name designer guys), then make those items part of your budget. Don’t just cut out the things that bring you joy in the name of frugality (unless, of course, you’re simply trying to put food on the table).

Of course, this is simply the tip of the ice berg. This episode really dives into the details of how you can get yourself on a better path with your money and unload the “family member” you aren’t so fond of.



Check out our Dad Edge Group on Facebook Request Entry Here

We have new Dad Edge T-Shirts!  Grab one HERE

Check out a free chapter from: THE DAD’S EDGE on UNLIMITED PATIENCE HERE

Check out this free resource on: CONNECTION WITH YOUR SPOUSE

Check out this free resource on:  CONNECTION WITH YOUR KIDS


Jordan Goodman Links:

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