4 Ways to Ensure Your Pet Is a Good Rental Resident

Yapping, chewing, howling, scratching … not in this home!

Nobody likes living next to a yappy dog — or even a howling cat. And while a growing number of rental properties specialize in pet-friendly apartments and homes, it’s understandable why both property owners and their leasing agents are skeptical about pets.

Here are some quick tips to help your pet be a neighborly renter.

1. Get them certified

To really show your future landlord that your dog is a good resident, consider getting a Canine Good Citizen (CGC) certificate. Offered by the American Kennel Association (AKC), this certification proves that a dog has received basic training and is well socialized around both people and other dogs — thus, less likely to cause disturbances.

If your dog is currently working with a trainer, ask about this certification, as many trainers are also CGC certified. The AKC provides details about groups in various states that also offer this certification.

Additionally, get a letter of recommendation from a previous landlord about your pet’s behavior. It can put you in a strong position to look at a wider variety of pet-friendly properties.

2. Keep them busy

Take your dog for a long walk or run before you go to work to leave them tired and happy — and content to snooze instead of scratching the front door or annoying the neighbors by howling nonstop.

Separation anxiety and stress often lead to bad behavior in your absence. Give your pets distraction toys to keep them busy, or leave on a TV or radio for a sense of companionship.

Consider employing a dog walker to come once a day, or send your pup to day care. Even if it’s only one day a week, it’s one day less of them being stressed because they’re home alone.

A variety of calming products — such as plug-in pheromone diffusers and anxiety wraps like the ThunderShirt — may help reduce your pet’s anxiety levels and prevent nonstop barking throughout the day.

3. Mind the felines

If you have a cat, get a large litter box and scoop it daily. Cats will go outside the litter box and pee on carpets if their box is dirty.

Similarly, keep a variety of scratchers around the home. Cats usually like to scratch soon after they wake up from a nap, so place scratching posts close to a favorite sleeping spot. This will deter them from permanently damaging your woodwork and carpets.

4. Prevent pests

Summer is the height of flea and tick season. Make sure your pet has the necessary protection so they don’t bring fleas indoors to infest your home.

Interestingly, fleas only spend 20 percent of their life span on a pet. They spend the rest of their time in your carpeting and furnishings — and they can be difficult to eradicate quickly. Plus, landlords will charge for this kind of pest control.

Like with so many other things in life, prevention is key.

Looking for more information about renting? Check out our Renters Guide


Originally published July 13, 2016.

Source: zillow.com

5 Ways to Show Your Home Some Love

Don’t leave your home out of the Valentine’s Day fun — send it a love note or two with these quick tips.

When February rolls around, we’re often thinking of little ways to show our loved ones how special they are to us. Why not take the opportunity to do the same for your home?

While you can’t send your home a box of chocolates or a card, there are plenty of things you can do to show it a little love this Valentine’s Day.

Make easy DIY updates

Even if you’re not planning on selling your home anytime soon, it’s always good to make small improvements to increase your home’s value. Plan a quick weekend project, like one of the following:

  • Install a no-touch faucet on the kitchen sink
  • Swap those brass drawer pulls from the ’90s with a more modern design
  • Replace the old fluorescent light fixtures in the bathroom
  • Upgrade the frameless builder-grade mirror to a more stylish one
  • Paint the front door and shutters a vibrant color you love

These simple changes can make a huge difference in how you see and enjoy your home — and make it easier to sell when the time comes.

Buy it something pretty

Just like buying a new ensemble usually lifts your spirits, purchasing something you love for your home will instantly put you in a great mood.

Buy that gorgeous vintage door you’ve been eyeing online (after carefully measuring, of course). Upgrade the curtains the previous owner left behind, buy something colorful and cheery to change the room’s look, or take the plunge and finally purchase that department store rug.

Cultivating great style in your home doesn’t usually happen overnight, but occasionally purchasing items that that make you happy will eventually result in a space you love.

Make happy memories in it

When you first looked at your home, you might have said something like, “This would be a great space for entertaining.” Since moving in, however, have you actually entertained in your home?

If you haven’t (or if it’s been awhile), consider hosting a potluck or a casual dinner with friends and family.

But don’t think you have to scrub the floors for three days and prepare a feast. There’s no need to get too fancy when you host — all you really need is great friends, lively conversation, and good food. Make a menu, choose the music, and hang some string lights or light some candles to create a festive atmosphere.

Save money on it

If mortgage rates are down and you’re interested in lowering your monthly payments, you might want to consider refinancing your home.

Though saving money on your mortgage is the most obvious reason to refinance, many homeowners choose to refinance so they can change from an adjustable rate mortgage (ARM) to a fixed-rate mortgage. This can make payments more predictable and less dependent on how the market is doing.

Knowing that you are making the best financial decisions when it comes to your home will ultimately make you happier to be there.

Make sure it’s protected

Reviewing your home insurance policy may not be the most exciting way to spend an evening, but it’s a good way to make sure there aren’t any obvious gaps in your coverage.

Read your policy carefully. Are you overly insured? Or are you overpaying for the amount of coverage you’re getting? Remember that standard coverage often doesn’t often pay for flood or earthquake damage, so check your policy and understand what’s covered in the rare case of a disaster.

If you find areas for improvement, shop around for a new insurance company or work with your existing provider to create a plan that makes you feel more prepared and secure. Understanding the ins and outs of your insurance policy is the best way to look after your pocketbook — and it will likely help you sleep better at night, too.

A home is more than just a roof over your head — it’s a place that’s meant to be loved and enjoyed. Try some of these quick tips this weekend, and you’re sure to fall in love with your home even more.


Source: zillow.com

Can You Make One Million Dollars a Year Flipping Houses?

Last Updated on August 29, 2020 by Mark Ferguson

It is possible to make one million dollars a year flipping houses, but it takes a lot of work and planning. Flipping houses is a great way to make money, but you can also lose money if you don’t do your homework. I have anywhere from 5 to 22 flips going at once and I have sold more than 20 flips each of the last three years. While I have flipped a lot of houses (almost 200), I have never made one million dollars in a year from flipping. The math seems pretty simple to make that much money, but there are many problems that arise when trying to do that many deals.

How much money can you make flipping?

It is possible to make a lot of money flipping houses. In the past, I have averaged more than $30,000 in profit on my flips. However, that was when I was doing fewer flips than I am doing now. There are a lot of costs associated with flipping houses and while it is possible to make $30,000, $40,000, or $50,000 on a single flip, it is tougher to consistently make that much money as you handle more and more projects.

You may see advertisements or data that says the average profit on a house flip is $60,000 or more. The truth is that number is not accurate. The number is simply the selling price of a home minus the purchase price. The number is taken from all sales in a certain time frame across the USA and does not account for any repairs or other costs. That would be awesome if the average profit on a house flip was $60,000 but it is not the case.

It also takes time to flip a house. I average about 6 months from the time I buy a flip to the time I sell it. If you are able to do one flip at a time, that means you might make $60,000 a year flipping houses if you are able to earn $30,000 on each flip. To make big money flipping houses, you need to scale and able to do more than one flip at a time.

If you do the math, you need to flip about 34 houses a year to make one million dollars assuming you make $30,000 on each flip. As I said earlier, it is not easy to keep making that much money on each flip as you grow.

How much money do you need to flip a house?

Not only is it hard finding deals you can flip and make a profit on, but it is also hard to get the money together. I have a great relationship with a local bank, private lenders, and hard-money lenders, but I still have to use my own money on each deal I do.

I finance properties in different ways with different down payments, and the video below goes over what each of those options cost:

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On a flip that costs $100,000, here are what the costs might look like:

  • Purchase price: $100,000
  • Repairs: $30,000
  • Carrying costs: $5,000
  • Buying Costs: $3,000

You would need about $140,000 to flip this house assuming you are paying all cash. There would be selling costs as well, but those will be paid when you sell the house and are not out of pocket costs. If you finance the flip, you can get a loan to cover many of those costs. You may only need $20,000 with hard money or $50,000 with a bank loan for flips. It is very hard to flip houses without using any of your own money. It is possible…but very hard.

How long does it take to sell a flip?

When I flip a home, it takes at least one month to fix them, two to four weeks for the home to be on the market before we get a contract, and one month to close a deal in a perfect situation. In a perfect world, it takes us 3 months to flip a house, but things almost never go perfectly!

In reality, it takes me over six months to complete a flip because I have so many going at once. My contractors are not able to start on a flip right away. So it can take a month or two before the work is even begun. It would also be awesome if every job only took a month to complete, but often, it takes longer. Sometimes, it takes longer to sell a flip as well. Overall, we usually take at least 6 months to flip a house.

That means if I want to flip 30 houses in a year, I need to have at least 15 going at once. I have actually had up to 22 going at once, but we have never flipped 30 houses in a year—26 was our best, and we did that twice. The problem when you get that many houses going at once is I don’t have enough people to fix them all, and we end up holding them even longer than 6 months!

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How hard is it to find a house to flip?

I am in Colorado, and our market is extremely competitive. Investors are all over the place looking for deals, and many have given up on the MLS. I still buy houses from the MLS as well as wholesalers, auctions, direct marketing, FSBO, and more. There will always be deals, but that does not mean it is easy to find 30 deals in one year!

Having said that, it is possible to find that many deals and more. In fact, I have bought more than 30 properties in a year before. I have had goals to flip 36 houses in multiple years, and while we never did that many, we did do 26 in multiple years.

One issue I ran into when trying to flip that many houses was I started to stretch the numbers to make more deals work. I bought houses with lower and lower profit margins, and I made less and less money. On some houses, I lost money. When you are flipping a lot of houses, the costs go up! You have to make sure to keep your profit margins high or even higher than if you are doing fewer deals.

Here are some quick tips on getting deals from the MLS:

  • Become a real estate agent: I can view a house and make an offer within hours of it being listed.
  • Check MLS ten times a day: This is easier for me because I am an agent. I literally check the MLS or new listings and listings that have come back on the market five to ten times a day.
  • Look for aged listings: This tactic has not worked well lately because the market is so hot. In the past, I would look for decent deals that were listed for over 60 days and make a low offer (20 percent below list).
  • Look for auction properties: I used to buy 90 percent of my flips at the trustee sale. Now, I buy none because the competition has gotten so crazy there. It is still a good idea to check out foreclosure sales in your area.
  • Be willing to do repairs: Almost all of my flips need from $15,000 to $40,000 in work. To get good deals, you have to buy houses that need work.
  • Act fast: I mentioned being an agent lets me act fast, but when I do find a deal, I also make a decision right away. I don’t wait a day or even half a day—I write offers as soon as possible.
  • Find a great real estate agent: If you aren’t an agent, find a great agent who will act fast for you.
For more information on flipping houses, including how I average over $30,000 profit on each flip, check out my bestselling book Fix and Flip Your Way to Financial Freedom. It is available as a paperback, audiobook or eBook. 

How much money am I making on flips?

We have gone over the basic costs and time frames on flipping for my business model. But what about making one million dollars a year flipping houses? The simple math says that you need to flip 34 houses and make $30,000 on each house. Here is the problem with that math.

  • When you flip that many houses, it is really hard to get them repaired quickly. The longer it takes to repair them, the more your costs will be. You have more carrying and financing costs. The profit decreases with each deal.
  • When I am doing a lot of flips, I cannot manage it all myself. I have a project manager, a bookkeeper, and other help as well. I not only have the costs associated with the flips but costs for people and even an office.
  • When you do that many flips, it is easier to miss things and not catch mistakes quickly. We tend to have more mistakes because there is so much going on.

The more flips we do, the lower our profit margin is. While it may seem like we could do 34 flips at $30,000 in profit each, that is not the case. When we do a lot of flips, the profit margin is more like $20,000 or even less. That means you need to do 50 flips!

What if I bought more expensive flips to increase my profit?

Another option to make one million a year is to increase the purchase and sale price of my fix and flips. There are a lot of risks involved with buying more-expensive flips, and I would expect much more profit per deal. A more-expensive flip takes a larger down payment, more interest charges, more carrying costs, and usually takes more repairs. The more expensive a house, the nicer it has to be and the more expensive the remodel is. The more-expensive flips also take longer to sell because there are fewer buyers in the higher price ranges.

If I buy more expensive flips, I want my profit percentage to be similar to my lower-priced flips. If I make $30,000 on a flip that costs me $150,000, I want to make at least $60,000 on a flip that costs me $300,000. It is tougher to find those high of margins, even in higher-priced homes.

I have made more than $100,000 three times in my career on flips, but that was over 15 years. Those deals do not come along very often! I think that you set yourself up for much more risk when you take on the high-end flips. You could do ten flips at $100,000 profit each and get to one million dollars a year. You would most likely need to be in a very expensive market that supports many higher-priced sales.


I think it is possible to make one million dollars a year flipping houses, but it would take a lot of work and some really good systems put in place. I think you would have to flip more houses than you think because of all the extra costs that come along with doing more and more deals. I never did come close to making one million dollars a year flipping, even with 26 completed in one year. Will I ever make one million? Maybe, and if I do, I will be sure to write about it.

Source: investfourmore.com

Charge-offs: The Facts You Need To Know

Next to bankruptcy, charge-offs are one of the most damaging items you can have on your credit report. However, the term “charge off” can be confusing and many people don’t understand what they are, or why they hurt their credit scores.

frustrated woman

The first thing to realize is that charge-offs do not free you from the financial obligation to pay a debt.

Though the collection calls from the original creditor will likely stop coming, and you won’t receive notices in the mail anymore, this is only the calm before the storm.

Understanding how a charge-off works is important if you want to repair your credit and get back on your feet. Here are the facts about charge-offs that will help you make the right decision when it comes to improving your credit.

What is a charge-off?

A charge-off occurs when a creditor deems a debt to be “uncollectable” in order to write it off in their accounting records.

Different companies handle charge-offs in different ways. Some have an internal collection department, while others sell old debts or contract third parties to collect for them.

No matter which option a company chooses, a charge-off can be a real headache. Not only does it damage your credit history, it also often results in new collection activity.

How soon after a late payment can a charge-off occur?

Some people think that a charge-off only occurs after several months of no payment on an account, and when they do, it’s an easy situation to correct.

Unfortunately, that’s simply not true. A charge-off can occur as soon as 90 days past-due, though most companies wait six months. Regardless of when the charge-off occurs, getting it resolved can be difficult if the company sells their debts to a third-party collection agency.

Do charge-offs hurt your credit score?

They are much more damaging than a 30-day or 60-day late notation. When they appear on your credit report they serve as a red flag to other potential lenders. Even if most of your accounts are up-to-date and paid on time, a single charged off debt can cause you to be denied for multiple types of credit.

While not as bad as a bankruptcy or a foreclosure, most creditors won’t lend to someone who has multiple charge-offs on their credit report. Additionally, nearly all mortgage lenders require all of them to be cleared before issuing a home loan. Plus, you may even have trouble qualifying for credit cards and store cards.

A charge-off can lead to big drops in your credit score – as much as 50 points to 100 points. This is particularly true if you’ve never had credit problems in the past. Once your account is in charge-off status, paying it will only help your credit slightly. A paid charge-off is certainly better than one that is unpaid, but in terms of your credit score, the lift is usually minimal.

While you can negotiate to get it removed in return for full payment, these types of requests are not always honored by the creditors. If you do negotiate this deal, make sure you get it in writing from your creditor or collection agency before actually making any payment.

Do you still have to pay a charge-off?

Even if your debts are now charged-off, you are still liable for the debt. If the statute of limitations has not expired on collecting the debt, you may even be sued for what you owe.

Never assume that you don’t have to pay your charge-offs – always verify the facts. Because calls and letters from the original creditor often stop when a charge-off occurs, however, many people think that they are in the clear.

What actually happens is that the creditor has turned your account over to an in-house or third party collection agency, who then resume the collection attempts.

In the case of third-party debt collection agencies, you will have not only charge-offs but separate collection accounts listed on your credit report. It’s still your responsibility to address these issues in order to stop collection attempts and clear up your credit.

Why are there multiple charge-offs listed for one account?

It’s possible to have several charged-off accounts listed on your report for the same account. The reason is that debt collection companies often sell debt to other collection agencies, leaving a trail of charge-offs in their wake.

Cleaning up these multiple negative listings can be a real hassle and your credit scores will drop for each new charge-off account listed on your report. If you have an account that’s been charged off, it’s wise to look at your credit report to see how it’s listed and do what you can to get multiple entries removed.

Can paying old charged-off debt be damaging?

It’s not uncommon to get a lot of collection activity around charge-offs that are many years old. This can happen for two reasons:

  1. The debt is close to being “time-barred” (meaning the debt collectors won’t be able to sue you to collect anymore). Debt collectors use high-pressure tactics to try to get a payment or a promise to pay, which restarts the clock on how long they have to collect. If you fall for this trap, you may find yourself facing a judgment or lien.
  2. The debt is close to the reporting limit (meaning that the charge-off won’t show up on your credit report anymore). Even if the charge-off is time-barred, if it’s on your credit report it is still a negative mark. Debt collectors try very hard to collect on accounts that are about to fall off of your credit report, because they know that they will have zero leverage once the debt is past the time it can be reported.

In either of these cases, paying or making a promise to pay on the debt can put you in a dangerous financial situation. You open yourself up to lawsuits, and some unscrupulous creditors will try to list the account as being brand new if they can get even a token payment from you.

This opens you up to not only legal issues, but additional drops in your credit as more recent negative information weighs your credit score down the most.

You may also find that debt collectors will try to collect on debts that aren’t even listed on your credit report.

These debts may be ten years old or more, and they are hoping that you will pay up without checking your credit reports first. Again, paying anything on these types of charge-offs puts you at risk for being sued to collect and might not even help your credit.

Is it possible to remove charge-offs from your credit report?

It’s important to recognize the fact that ANY error on your credit report can be removed.

That means if debt collectors have been sloppy with their paperwork and have filled your credit report with mistakes, you can get every single one deleted.

This means any mistakes, including mistakes in the amount that you are supposed to owe. It also means mistakes with your account itself and even simple computer errors can all result in a removal if the company doesn’t have records to correct their data.

For charged-off accounts that are several years old, your account may not even be in their system anymore. To successfully dispute a charge-off, you should know your rights under the Fair Credit Reporting Act (FCRA) as well as how these laws protect you from errors on your report.

When initiating a dispute, you’ll need to keep track of all correspondence between you, the creditors, and the credit bureaus.

If you want to be sure that charge-offs are removed, you will also have to be certain that you frame your requests carefully. If the credit bureaus think your request is “frivolous” they will ignore it, even if you have a valid error to remove.

For many people, all of the work involved in getting charge-offs removed is just too much hassle to do alone. No one wants to have to speak to debt collectors on the phone, and no one wants to be in the position of having to keep track of multiple letters sent back and forth to creditors and credit bureaus.

How can you get help disputing charge-offs?

Often, the best solution is to speak with a credit repair specialist that is familiar with the law. They help you remove charge-offs and other negative items.

They will also be able to help you manage the process to ensure that the credit bureaus and your creditors actually listen to you instead of blowing you off as one more uninformed consumer.

Even if you do decide to do it all on your own, take the time to speak with a professional and be sure that you have accurate information. The sooner you take care of the charge-offs, the sooner you get to have financial freedom and peace of mind.

How can you prevent charge-offs in the first place?

Once you understand how they affect your credit, you can take steps to avoid having them listed in the first place. Here are three quick tips to avoid a charge-off on your credit file:

  1. Keep all accounts as current as possible. If you can’t pay up in full each month, try to come to an arrangement with the creditor. The goal here is to never be more than 60 days past due on any debt. That way, you are assured of avoiding a charge-off.
  2. Pay attention to any “Final Notice” bills that you receive. Go to the original creditor and try to work something out before the debt is sold to a collection agency. You’ll find that most creditors are willing to work with you because they get more money if they don’t hire out an agency.
  3. Get professional help. If you are having problems with your credit, a credit repair specialist may be able to help you improve your credit scores. Disputing inaccurate information (such as debts listed as past-due when they’ve been paid) can help to keep your account from going so far into arrears that the debt is charged-off.

No matter what you decide to do to get rid of or prevent charge-offs, there is no better time to act than right now. They don’t have to ruin your financial future if you are smart and take the time to be proactive about repairing your credit.

7 Things You Should Never Carry in Your Wallet

Learn why your Social Security card, checks and extra credit cards do not make the cut.

Every year millions of Americans see their money and personal information fall into the wrong hands, and the consequences can be devastating. In fact, an identity fraud study by Javelin Strategy & Research found that 16.7 million victims of identity fraud lost a total of $16.8 billion in 2017.

Identifying the things to never keep in your wallet is the first line of defense against theft and fraud. And let’s face it—when was the last time you reviewed the items in your wallet and cleaned out those that are not totally necessary? If you’re carrying around sensitive items in your wallet on the off chance you might need them one day, you could be asking for trouble.

“Anything that’s convenient for you would be convenient for a thief,” says Michael Sullivan, a personal finance consultant at the nonprofit Take Charge America, a national credit counseling and debt management agency based in Phoenix.

“You have to ask yourself what will be the most harmful,” he says. “The most harmful things in your wallet are things that have long-term costs.” According to a study by the Identity Theft Resource Center, identity theft can have long-lasting ramifications for its victims, ranging from bad credit to bankruptcy.

Anything that could be used to steal your identity is at the top of the list of things you should never carry in your wallet.

To safeguard your finances while you’re on the go, consider these seven things you should never carry in your wallet:

1. Social Security number

Sullivan says your Social Security card and any identification or documents that include your Social Security number are perfect examples of what not to keep in your wallet. Those nine digits could make it easier for a fraudster to open loans or credit card accounts in your name. A crook could also use your Social Security number to file a tax return and claim a refund.

2. Checks

Brian Meiggs, founder of the personal finance blog My Millennial Guide, says checks and deposit slips are on the list of things to never keep in your wallet. These items may have more information on them than you think, including your name, address, bank name, routing number and account number. These details could be used nefariously if obtained by a fraudster.

“Even if it’s a check that’s already been filled out and used, that can still lead to a fraudulent transaction,” Meiggs says.

Blank checks and numerous credit cards are things to never keep in your wallet.

3. Numerous credit cards

As you figure out what not to keep in your wallet, consider that less could be more when it comes to the number of credit cards you carry.

“Do you need to carry that department store card with you all the time? No, only when you plan to go to that store,” says Linda Jacob, a certified financial planner and accredited financial counselor with Consumer Credit of Des Moines in Iowa.

If you’re trying to avoid the things you should never carry in your wallet, Jacob recommends having just one credit card and debit card on you at any given time. Bonus: This practice could also be a great way to curb impulse shopping and a tip to living a frugal life. You won’t be tempted to use that store credit card if you don’t have it on you.

4. Multiple gift cards

If you’re considering what not to keep in your wallet, think about the number of gift cards that can pile up—especially after the holidays or your birthday—and that you may tote around out of habit. “If you’re carrying a number of gift cards, you are basically risking giving the value of those cards away if you happen to lose your wallet,” Sullivan says.

To strike this item off the checklist of things to never keep in your wallet, consider using a gift card app. With some of these apps, you can scan and upload gift cards to a digital wallet so that when you shop they can be conveniently accessed from one central spot. Some retail stores also allow you to save gift card information on their apps or websites after logging in, so when you’re ready to make a purchase you can retrieve the gift card for checkout.

5. Password cheat sheets

Scraps of paper with sensitive information such as PINs and passwords are inherently risky, so add them to the list of what not to keep in your wallet.

“Certainly carrying the PIN that goes with the debit card or even the credit card is downright foolhardy,” Sullivan says, “so you should never do that.”

Besides losing your cheat sheet, you then have to worry about thieves hacking into your online accounts if they have your passwords. Meiggs recommends storing encrypted passwords and logins on a password manager website, which acts as a digital gatekeeper.

Knowledge-based authentication questions, also known as out-of-wallet security questions, should also be on your list of things you should never carry in your wallet, Jacob says. Clever identity thieves, who are always on the lookout for personally identifiable information, can scan your social media sites in an attempt to figure out answers to such questions as “What is your favorite sport?” or “When is your child’s birthday?” With that knowledge, thieves could try to hack into your accounts.

6. Excess cash

It may be nice to have cash available at all times—especially if you’re a fan of the envelope budget—but excess cash could be considered a thing to never keep in your wallet since it can make you an attractive target for thieves. When you take out your wallet to make a purchase and sift through a wad of bills, a crook could be watching. Instead, carry a small amount of money for emergencies or small purchases.

“I’ve never figured out why anyone would want to carry a wad of $100 bills,” Sullivan says, explaining that it could be a huge financial hit if you lose your wallet. “I often tell people it doesn’t typically make much sense to carry anything larger than a 50.”

7. Spare keys

Spare house keys are another item on the list of things to never keep in your wallet because they could be an invitation to crooks to steal more, Meiggs says. While you are searching for your missing wallet or filing a police report, thieves could be targeting your home. Plan to keep your spare keys with a trusted friend or relative to avoid putting your property and family at risk.

Lighten your wallet

Of course there are certain items you might want—and probably need—to carry in your wallet daily for convenience. But if you take into account this list of things you should never carry in your wallet, it could help reduce your odds of identity theft and financial damage if you lose your wallet or have it stolen.

Source: discover.com