Don't be dumb: 5 Simple security ideas for your financial accounts

It's 2016. We're more connected than ever before. It's a good thing. We're not going back anytime soon.

You hear all the stories about hackers. Think they're really smart with advanced password-cracking algorithms? Maybe.

But usually it's because your password is dumb.

​I saw this article about the most popular passwords in 2015. Dumb.

And here's a hacker talking about how to make your passwords better. He basically says "Don't be dumb."

Watch this video for 5 simple security ideas for your financial accounts:

5 Simple Security Ideas

Here are 5 simple security measures you should take with the passwords for your financial accounts. Don't be the weak link:

  1. No simple words - If your password is "kittens" you're asking for trouble. The most basic hacker tool is a dictionary algorithm. Yep, it just tries all the normal words.
  2. Longer is better - The longer your password, the harder it is to crack. But remember #1 above. "Supercalifragilisticexpialidocious" is probably in the dictionary algorithm.
  3. Not all the same - Each site you access should have a different password if possible. Too hard to remember them all? See #4...
  4. Get a password manager - The easiest thing to do is use a password manager like It will create passwords for you. As long, random and complicated as you want. The paid version will work across all your devices too. You then create a single super long and random Lastpass password to access your other passwords. Mine is 30+ characters with capital letters, numbers and symbols.
  5. Two-factor authentication - This is where you enter your username and password, but before you're logged in you have to provide a randomly generated PIN that's sent to your cell phone. It's an extra 10 seconds, but totally worth it.

Here's a great article from Bill Hess at He provides a lot of detail and actionable ideas. Go read it now.

Please take the time to do this now. It will become a habit soon and you'll no longer be the weak link.

Don't let a dumb password be the thing that sidetracks your financial goals.

Saving, investing and building wealth are already hard enough!​

Let me know what you think in the comments below...

Tommy Sikes​