Georgia State University professor David Maimon, head of the school’s evidence-based cybersecurity research group, says he’s found Social Security accounts for sale by scammers online.
“You can see the name, date and the balance,” he told Channel 2 Action News in a story published March 24. “The whole point of the scam is to try to take over those individuals’ Social Security payments.”
Maimon shared a video with the local broadcaster, which was described as showing access to an account for sale and revealing a beneficiary’s personal data, including the amount of their monthly payment — in this case $1,855.30.
So, how exactly does this scam work, and what can Americans do to protect their benefits?
How does the scam work?
How can someone benefit from purchasing access to a stranger’s Social Security account? According to Maimon, it’s disturbingly simple.
"They will just go to the Social Security Administration website, will change the details there and funnel the money to the new — and fake — John Doe account," Maimon explained.
It’s the type of fraud the Trump administration says it’s been trying to prevent. A new Social Security Administration (SSA) policy, set to roll out April 14, aims to make identity theft harder by requiring in-person verification for those unable to apply for services online. Previously, you could verify your identity by phone. But there are reports the SSA is backing off from these changes.
Critics of the policy argued it would do more harm than good — especially since the previously SSA announced plans to cut approximately 7,000 of 57,000 (12%) of jobs.
If you’re interested in protecting your Social Security account from fraud, here are some steps you can take.
Regularly check your account
If you have a “my Social Security” account, review your earnings history, personal information and payment status often. Any unfamiliar changes could be a sign your account has been compromised. Consider printing your benefits report so you can easily spot changes.
Don’t click on suspicious links
Phishing emails and text messages from people posing as the SSA may urge you to “verify” your identity by logging into your account using a supplied link. Don’t take the bait — always access your account through the official site and never enter personal details through a link given to you out of the blue.
Use two-factor authentication when possible
The SSA allows users to enable two-factor authentication (sometimes called multi-factor authentication) to access their accounts for added security. When turned on, you’ll need to enter a code sent to your phone or email address in addition to your username and password. This offers additional protection from account takeovers.
Don’t give cash to protect assets
Another common scam involves in-person visits from someone claiming to be law enforcement. Scammers pretending to be police or government agents may claim your assets are “at risk” and urge you to convert money into gold or gift cards for safekeeping. This is a classic scam. Real agencies will never ask for payment or offer protection this way.
Stay informed on new scams
Criminals thrive in times of change, and SSA-related scams are evolving. Sign up for fraud alerts, read SSA security updates and follow trusted consumer protection sources, such as the Federal Communications Commission (FCC).
Talk to a trusted person before making changes
Some scammers count on urgency and isolation to pull off their fraud. If you’re being pressured to do something like change your direct deposit information or respond to an unexpected notice, talk to a friend or family member first.
Being careful and proactive is the best defense against Social Security scams, and it could mean the difference between a secure retirement and financial chaos.
My dog lives like a king. And he’s grown accustomed to this lavish lifestyle. From the time I purchased him from a breeder ($1,000), to expected and unexpected vet bills, grooming costs and an extensive (and impressive) wardrobe, let’s just say that I’m glad that I started budgeting for him well before he came into my home. He’s a pure-bred dog — a Japanese Chin — and one that’s not that common. But even with the rarity of his breed, he doesn’t even come close to making the list of the most expensive dog breeds in Canada.
Expensive dog breed costs and characteristics
In Canada, over the course of a dog’s lifetime, your pooch could cost you $22,000 to a whopping $83,000, depending on your dog’s breed and services required.
The cost of owning a large dog breed tends to be significantly higher than smaller breeds. This is due to several factors, including higher insurance premiums related to potential health issues common in larger dogs, increased food costs due to greater dietary needs and more expensive equipment requirements. Large breeds need heavy-duty supplies such as durable toys, sturdy leashes and robust harnesses to accommodate their size and strength.
Pet parents may face higher costs for certain types of dogs due to breed-specific characteristics and market factors. Some of the most expensive dog breeds to own include:
Large breeds that typically require more extensive medical care and diagnostics
Dogs from irresponsible breeding practices that may develop costly health issues
High-energy working breeds requiring significant investment in training and enrichment
Breeds prone to genetic conditions that often need surgical intervention
Large dogs with intensive grooming requirements
Popular breeds commanding premium prices due to popularity
While it’s impossible to predict the total lifetime cost of any dog, you can make informed decisions about initial expenses, particularly during the puppy phase. For those with the financial resources and who really, really want a dog (and won’t let a little thing like money get in the way of pet parenthood), I’ve listed some of the most expensive dog breeds available in Canada.
For this list, I considered the average purchase cost, anticipated vet bills from breed health issues and projected pet insurance costs. These are considered to be the more popular breeds in Canada, so I left uber-expensive-to-purchase and rare breeds, such as the Tibetan Mastiff and Afghan Hound, off the list.
Read More: A surprise trip to the vet can cost $1,000 or more. Don’t get caught off guard. See how pet insurance can ease the stress — and cost — of caring for fur babies. Protect yourself now
Top 15 most expensive dog breeds
French Bulldog (Average purchase cost: $4,000 to $6,000)
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The French Bulldog, known for its playful personality, emerged in 19th century England when lacemakers (yes, this was a real, old timey job, where people made lace) sought to create a smaller companion version of the English Bulldog. These charming dogs found their way to France during the Industrial Revolution, where they earned their namesake and eventually captured the hearts of the rest of the world.
While French Bulldogs command premium prices in today’s market — particularly for specialized colourings and the rare ‘fluffy’ variant which can cost up to $12,000 — potential owners should be aware of significant health considerations. As a brachycephalic breed (refers to dog breeds with a pushed-in face and shortened skull bones) characterized by their flat faces, these dogs frequently experience respiratory issues that may require corrective surgery, typically costing between $2,000 and $3,000. Additionally, they are susceptible to various ear, skin and eye conditions. Given their average lifespan of 10 to 12 years, owners should be prepared for substantial veterinary expenses throughout their pet’s life.
Samoyed (Average purchase cost: $4,000 to $8,000)
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The Samoyed, originating from the Samoyedic people of Siberia, is a versatile working breed historically used for herding reindeer and pulling sleds. These hardy dogs were essential companions to the nomadic tribes of the region, helping them survive in harsh Arctic conditions.
Known for their distinctive "Sammy smile" and bright, friendly personality, Samoyeds combine strength and athleticism with a gentle, sociable nature. While they typically live 12 to 14 years, potential owners should note that this breed requires significant investment in both time and resources. Their thick, white double coat needs regular professional grooming, and their high energy levels demand consistent exercise and mental stimulation.
English Bulldog (Average purchase cost: $2,000 to $6,000)
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The English Bulldog, with its distinctive wrinkled face and charming personality, has history dating back to medieval England. Originally developed for the now-banned sport of bull baiting (pitting a bull against dogs with the aim of attacking and subduing the bull by biting and holding onto its nose or neck), these beloved dogs have transformed into gentle, affectionate family companions that command premium prices in today’s pet market.
While English Bulldogs are known for their friendly and humourous personalities, potential owners should be aware of their specific health challenges. Like their French Bulldog cousins, they often experience brachycephalic issues due to their shortened muzzles. Other common health concerns include cherry eye (a common eye condition in dogs that causes a red, swollen bulge to appear in the corner of the eye) and various skin conditions. Due to these potential health issues, it’s crucial for prospective owners to research thoroughly and work with reputable breeders. With proper care and good genetics, English Bulldogs typically live between 8 to 10 years.
Cavalier King Charles Spaniel (Average purchase cost: $2,000 to $3,500)
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The Cavalier King Charles Spaniel, a cherished companion breed with royal heritage, represents one of the more costly small dog breeds available today. These elegant dogs, which gained particular fame during Queen Victoria’s reign, continue to be sought-after family pets thanks to their gentle nature and adaptable personality.
While these beautiful dogs make wonderful companions, potential owners should be aware of several health considerations. Common issues include luxating patella, a condition where the kneecap dislocates from its normal position. Additionally, veterinarians recommend screening for Chiari malformation and Syringomyelia, serious conditions affecting the brain and spinal cord. Despite these health challenges, well-cared-for Cavaliers typically enjoy lifespans of 12 to 15 years.
Staffordshire Bull Terrier (Average purchase cost: $2,000 to $4,000)
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The Staffordshire Bull Terrier has come a long way from its fighting origins. Through selective breeding, this powerful and athletic breed has evolved into a gentle family companion that particularly excels at interacting with children. While the breed still maintains its historical courage and determination, these traits are now channeled into being a loyal and affectionate pet.
The Staffordshire Bull Terrier is typically a robust and healthy breed. However, like many purebred dogs, they can be prone to certain health conditions. The most common health issues seen in Staffies include hip and elbow dysplasia, hereditary juvenile cataracts and skin problems.
Irish Wolfhound (Average purchase cost: $1,500 to $3,000)
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These majestic dogs have a fascinating origin story that dates back to 15th century Ireland, where they served as protectors of livestock, keeping wolves at bay. In modern times, Irish Wolfhounds have evolved into beloved family pets, known for their gentle demeanour, unwavering loyalty and calm disposition. With proper training and care, they make exceptional companions.
However, potential owners should be aware that these magnificent dogs come with significant responsibilities. Their impressive size translates to higher maintenance costs throughout their relatively short lifespan of six to eight years, not to mention the substantial initial purchase price. Irish Wolfhounds are predisposed to several health issues, including cardiac problems, liver conditions and progressive vision problems. Due to their remarkable size, these gentle giants require spacious living arrangements, ideally with access to a large yard where they can stretch their legs and enjoy regular exercise.
Bernese Mountain Dog (Average purchase cost: $1,000 to $2,500)
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The Bernese Mountain Dog, affectionately known as the Berner, is a gentle giant that captures hearts with its loving nature and impressive versatility. These majestic dogs are among the most sought-after breeds, commanding premium prices due to their exceptional qualities and characteristics.
The Berner has several health concerns that potential owners should be aware of. These include hip dysplasia, various forms of cancer (particularly bone cancer and lymphoma) and joint problems. To minimize the risk of these health issues, it’s crucial to work with a reputable breeder who conducts proper health screenings and maintains a responsible breeding program. A quality breeder will provide health clearances for both parent dogs and be transparent about the breed’s health challenges.
Chow Chow (Average purchase cost: $1,200 to $2,000)
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The impressive Chow Chow, known for its distinctive lion-like appearance, offers an appealing combination of affordability and noble bearing. While initial purchase costs are relatively modest compared to other prestigious breeds, potential owners should carefully consider the long-term commitment.
These dignified dogs have moderate exercise requirements, making them suitable for less active households. However, their thick double coat demands significant grooming attention. Future owners should also prioritize early training and socialization to ensure their Chow Chow develops into a well-adjusted companion. With proper care, these loyal guardians typically enjoy a lifespan of 8 to 12 years.
Newfoundland (Average purchase cost: $1,000 to $2,500)
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The Newfoundland dog is renowned for its gentle and laid-back personality, making it one of the most easygoing breeds you’ll ever meet. These loving giants are famous for their exceptional patience with children and their friendly demeanor towards other dogs. Their exercise needs are modest — a relaxing daily walk is all they need to stay happy and healthy.
Newfoundland dogs can be prone to a number of health issues, including hip and elbow dysplasia, bloat, cystinuria (an inherited metabolic disorder in dogs that affects the transport of certain amino acids, including cystine, in the kidneys), hypothyroidism, osteosarcoma and heart disease.
Saint Bernard (Average purchase cost: $1,000 to $1,500)
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This gentle giant from the Swiss Alps starts as an energetic, mischievous puppy before maturing into a devoted and protective family companion. Their natural affinity with children has earned them the nickname “nanny dogs,” making them excellent additions to family homes when properly trained and socialized.
These massive dogs come with equally big responsibilities. Their hearty appetites mean significant food costs, while their thick double coats require consistent grooming to prevent loose fur from taking over your living space. As with other large purebred dogs, Saint Bernards can be prone to joint issues like hip and elbow dysplasia. Potential owners should also note their relatively short lifespan of eight to 10 years, typical for dogs of this size.
German Shepherd (Average purchase cost: $2,000 to $3,500)
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The German Shepherd stands as a pinnacle of canine excellence, combining strength, agility and intelligence in a powerful yet elegant package. Renowned for their versatility and noble bearing, these dogs exemplify the perfect blend of working ability and devoted companionship, making them highly sought-after among dog enthusiasts.
While German Shepherds are remarkable animals, potential owners should be aware of several health conditions that can affect the breed. These include hip dysplasia (a skeletal condition affecting the hip joint), Degenerative Myelopathy (a progressive disease of the spinal cord), bloat (a life-threatening stomach condition) and various allergies that may require ongoing management.
Great Dane (Average purchase cost: $1,000 to $3,500)
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Known for their impressive stature and gentle demeanour, Great Danes have evolved from their historical roles as hunters and guardians into beloved family companions. These intelligent gentle giants form strong bonds with their families and excel in training when given proper guidance and consistency.
Health-conscious owners should prioritize screening for common breed issues including hip and elbow dysplasia and various eye conditions. Though their lifespan is relatively short at seven to 10 years, Great Danes fill those years with unwavering loyalty and affection.
Rottweiler (Average purchase cost: $1,500 to $2,500)
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The Rottweiler’s heritage can be traced back to ancient Rome, making it one of the oldest dog breeds still in existence. These powerful yet gentle giants have earned a reputation as loyal family guardians, with a typical lifespan of nine to 10 years. To ensure they become well-adjusted companions, it’s crucial to begin training and socialization efforts early, which helps shape their natural protective instincts in a positive way.
As with many purebred dogs, Rottweilers can face certain health challenges, particularly cardiac issues and joint problems such as elbow and hip dysplasia. Given their robust build and high energy levels, these distinguished dogs require significant daily exercise, consistent training and dedicated attention from their owners. While they may be considered a premium breed in terms of cost, their devotion and capabilities make them a worthwhile companion for the right family.
Portuguese Water Dog (Average purchase cost: $2,000 to $4,000)
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The Portuguese Water Dog’s irresistible curly coat has made them a popular choice among pet parents looking for a low-shedding breed. While their tight curls won’t leave your home covered in fur, their coats require dedicated grooming maintenance.
Like many purebred dog breeds, Portuguese Water Dogs are at a higher risk for certain genetic conditions. Be sure to get your dog tested for early-onset progressive retinal atrophy (a group of inherited eye disorders that leads to progressive and irreversible loss of vision), Juvenile Dilated Cardiomyopathy (a fatal heart disease that affects young dogs), Gangliosidosis (a lysosomal storage disease that affects dogs when they lack an enzyme that breaks down a molecule in their brain and neural cells), hip dysplasia (a common orthopedic condition that affects the hip joint) and Addison’s Disease (an endocrine disorder that occurs when the adrenal glands fail to produce sufficient amounts of the hormones cortisol and aldosterone).
Golden Retriever (Average purchase cost: $1,500 to $2,000)
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These intelligent dogs excel in multiple roles, from providing invaluable assistance as therapy and service animals to showcasing their skills in competitive events and maintaining their hunting heritage in the field. Their adaptability is matched only by their outstanding personality traits — combining a gentle nature with unwavering loyalty and an earnest desire to please their human companions.
While beloved family companions, Golden Retrievers are prone to several health conditions that can affect their quality of life. These dogs commonly experience musculoskeletal issues, including hip dysplasia and arthritis, which can impact their mobility and comfort. Additionally, they are susceptible to skin allergies and various eye conditions that require regular monitoring and treatment.
One of the most concerning health challenges facing Golden Retrievers is their increased risk of developing cancer compared to other dog breeds. Despite these health challenges, Golden Retrievers typically live between 12 to 13 years, during which they provide their families with unwavering loyalty and affection.
Chicago-area resident Mark Aiello hit the jackpot with a $389,000 March Madness win on BetMGM, only to have his dreams dashed when the payout vanished.
Aiello, a military vet and dad from Roselle, Illinois, placed $2,000 in bets that turned into a life-changing amount of almost $400,000.
But when he checked the app after the game, Aiello was devastated to see his bets were gone.
"I looked at my BetMGM app, and I noticed that it looked weird," Aiello told CBS News Chicago, "like all of the bets were grayed out."
Aiello’s huge win turned into an even bigger headache for the suburban dad, and now he’s warning others to be careful when it comes to sports betting apps.
This has happened to other people
The American Gaming Association has predicted a jaw-dropping $3.1 billion in bets this year on men’s and women’s college basketball, so it’s safe to say there was a lot of money on the line.
In Aiello’s case, he thought he was about to score big during a March 2 Chicago Bulls vs. Indiana Pacers game.
He placed four $500 bets on specific player rebounds and assists, hoping that a mix of six outcomes would land in his favor.
"350 to 1 is definitely like hard odds to hit, so it’s unlikely," Aiello said. "Once the game was over, I was just, my heart was racing. I was incredibly excited."
But Aiello’s bets were canceled right before tipoff as if he had never gambled at all, leaving him with no winnings.
"It’s discouraging," he said. "It’s confusing and it makes you angry."
Aiello’s situation isn’t an isolated one.
Kris Benton from Virginia experienced something eerily similar in 2023.
Benton had placed a massive $214,000 bet through BetMGM, only to see his payout voided hours later.
"They just kept, you know, spamming me with their terms and conditions about the ‘obvious errors’ clause," Benton told CBS News.
In both cases, BetMGM sent the same message: “These wagers were voided due to an obvious error.” The reason? “Obvious error of incorrect or inflated odds per the house rules.”
But Aiello was baffled, since he says at least one of his bets had been reviewed by a BetMGM trader before being approved.
"They took a look and said, yes, this is good to go, and then they didn’t cancel them for seven hours," Aiello said. "So I’m wondering where the obvious error was."
Both Aiello and Benton say they never got a clear answer on what the correct odds should have been.
Benton went public with his story, speaking to Washington, D.C. CBS affiliate WUSA-TV, and just weeks later, a BetMGM lawyer reached out to him with an unexpected offer: the company would pay out his bets in full.
BetMGM didn’t provide a clear response when CBS News Chicago reached out, but they did confirm they submitted a report to regulators about Aiello’s complaint.
So, how do you ensure you’re not caught in the same unfortunate situation as Aiello?
Since sports betting and online gambling are regulated state-by-state, it’s critical that you navigate the rules and pick the right platform to protect your bets. Here are some best practices to follow:
Always use a licensed betting platform
Licensed sports betting apps are regulated by state authorities and must adhere to strict rules around fairness, transparency and accountability. States like New Jersey, with the Division of Gaming Enforcement, and Pennsylvania’s Gaming Control Board, have their own agencies that oversee gambling to make sure the platforms are legitimate.
Keep records of everything
This includes screenshots of your bets, transaction logs and confirmation emails for deposits or withdrawals. Most reputable platforms let you access your transaction history anytime. If things go sideways, this history is crucial for sorting things out. And, don’t forget to document any conversations with customer support.
Prioritize security
Set up two-factor authentication (2FA) on your account, use strong passwords and consider a password manager to keep your information secure. Stick to trusted payment methods like PayPal, bank transfers or credit cards, which typically offer fraud protection.
Understand the legal landscape
Sports betting is legal in almost 40 states, but the rules can vary. States like New Jersey, Pennsylvania, Illinois and Michigan have embraced it, but be sure to check the regulations in your state, such as age limits or tax implications, before you bet.
Always gamble responsibly
Many betting platforms offer self-exclusion or deposit limit features. If you feel like you’re losing control, these can help you manage your activity. For anyone struggling, there are resources like the National Council on Problem Gambling to lend a hand.
The excitement of a big win can quickly turn into frustration, and in some cases, like for Aiello, disappointment. So, it’s best to be careful where you put your money.
As a cat parent, you know there are certain costs associated with having a feline family member. From regular expenses, such as food, toys and veterinary care, to grooming supplies and litter, the financial commitment is part of responsible pet ownership.
However, when it comes to specific cat breeds, some come with a notably higher price tag than others. These premium breeds often include some of the most visually striking and personality-rich cats, ranging from larger breeds to those known for their particularly affectionate nature.
Before bringing any cat into your home, regardless of their price point, it’s crucial to work with a reputable breeder who demonstrates a genuine commitment to the breed’s well-being. Quality breeders focus on maintaining high breeding standards, ensuring proper health screening and providing excellent care for their cats. This dedication to ethical breeding practices helps ensure you’re getting a healthy, well-socialized pet while supporting responsible breeding standards in the industry.
If money is no object, here’s a list of the 17 most expensive cat breeds in Canada that may be purrfect for you.
Savannah (Average purchase cost: $2,000 to $20,000)
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The Savannah cat breed pounced into the cat world in 1986 through crossbreeding wild African Servals with domestic cats, including Bengals, Egyptian Maus and Oriental Shorthairs. These cats make excellent family pets, displaying strong loyalty to their human companions. While they can coexist harmoniously with dogs and other cats, their strong hunting instincts make them incompatible with smaller pets like hamsters, fish or birds.
Known for their athletic abilities, Savannah cats possess a curious and adventurous nature. These remarkable felines can perform impressive vertical leaps of up to eight feet. They enjoy outdoor activities, including leash walking and even swimming. When it comes to cost, there’s significant variation in price. First-generation Savannahs (F1s with a direct Serval parent) command the highest prices, while subsequent generations become progressively more affordable.
Khao Manee cat ($2,200-$5,000)
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The Khao Manee is one of the world’s most exclusive and treasured cat breeds, with roots deeply embedded in Thai history. This remarkable feline, which remained a well-guarded secret within Thailand’s borders for centuries, eventually gained protected status due to its cultural significance and rarity.
What sets the Khao Manee apart is its striking appearance — a pristine white coat complemented by extraordinary eyes that earned them the nickname "Diamond Eye." These cats can possess either mesmerizing golden or blue eyes, while some are blessed with heterochromia, sporting one of each color. In their native Thailand, these elegant creatures are not just pets; they’re considered royal companions and bearers of good fortune.
Given their exceptional lineage, distinctive appearance and remarkable intelligence, it comes as no surprise that Khao Manee cats command premium prices in the pet market. Their playful nature and rich heritage make them highly sought after by cat enthusiasts worldwide.
Toyger (Average purchase cost: $2,000 to $5,000)
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If you’ve ever dreamed of having a mini-tiger prowling around your home, the Toyger may be your ideal companion. Despite their wild appearance, these cats are actually a domestic breed created by mixing Bengal cats with striped domestic shorthairs. What makes them special is their remarkable intelligence and trainability. These clever felines excel at learning tricks, solving puzzle toys and engaging with interactive games, making mental stimulation an essential part of their daily routine.
While Toygers may look fierce, they’re actually quite affectionate and enjoy spending quality time with their human family members. However, they do have their limits when it comes to physical interaction. These cats prefer a household where both children and adults understand and respect their personal space, making them better suited for families who can recognize when their feline friend needs some alone time.
Bengal cat (Average purchase cost: $1,800 to $3,000)
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The Bengal cat is a stunning breed that combines the appearance of a wild leopard with the temperament of a domestic cat. Their distinctive coat patterns, which include unique rosettes similar to those found on big cats, make them instantly recognizable. These athletic felines possess remarkable intelligence and can be trained to perform tricks and even walk on a leash.
What sets Bengals apart is their boundless energy and need for engagement. They’re not your typical couch potato cats — these active pets require plenty of physical activity and mental stimulation to thrive. Due to their high-energy nature and specific care requirements, they may not be the best choice for novice cat owners. One of their most distinctive traits is their unusual fondness for water, making them one of the few domestic cat breeds that actively seeks out aquatic play.
Sphynx (Average purchase cost: $1,500 to $3,000)
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What a cool looking cat, eh? The Sphynx cat is a fascinating breed that actually originated in Toronto! This home-grown breed emerged when a natural genetic mutation resulted in a hairless kitten being born to a regular domestic cat. These affectionate and social cats are known for their friendly personalities, getting along wonderfully with children, other cats and even dogs, making them perfect family pets.
Due to their lack of fur, Sphynxes are particularly sensitive to temperature and often seek warmth through snuggling under blankets or cuddling with their human companions. Their exposed skin requires special attention, including the application of sunscreen when they’re lounging near windows or spending time outdoors.
While these cats don’t require traditional grooming like brushing and don’t leave fur around the house, they do need regular baths to maintain healthy skin. Interestingly, the genetic trait responsible for their hairless appearance is recessive, meaning that even in specialized breeding programs, not every kitten will be born without fur. This factor contributes to the Sphynx’s rarity and unique status in the cat world.
Persian (Average purchase cost: $1,500 to $5,500)
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The Persian cat, one of the most distinguished and ancient feline breeds, traces its origins to Persia (modern-day Iran). These regal cats, once a favourite of Queen Victoria, continue to captivate pet lovers today with their elegant appearance. Their signature features include a distinctive flat face and stunning long fur. While Persians typically maintain a serene and tranquil demeanor, they occasionally surprise their owners with unexpected bursts of playful energy. Apart from these sporadic moments of excitement, Persians generally maintain their characteristic poise and grace.
These refined felines thrive best in peaceful adult households where they can fully embrace their affectionate nature. Unlike some cats that shy away from physical contact, Persians actively seek and enjoy cuddling with their human companions. Their luxurious coat, while stunning, requires regular maintenance and will inevitably shed throughout your home. A quality pet hair vacuum is essential for managing the abundant fur. Potential owners should also be aware of health considerations specific to the breed, including cherry eye (a condition where eyelashes grow inward) and potential breathing difficulties due to their characteristic flat facial structure.
Himalayan (Average purchase cost: $1,000 to $2,500)
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Looking for a cat breed that combines elegance with a laid-back personality? Enter the Himalayan. This stunning hybrid, developed in the 1930s, masterfully blends the luxurious long coat of the Persian with the distinctive colour points of the Siamese. And while they may share DNA with the chatty Siamese, Himalayans tend to keep their opinions to themselves.
These gentle souls are the epitome of feline grace and affection. Himalayans form deep bonds with their human families, preferring quiet cuddle sessions over high-energy playtime. They’re the perfect companion for someone seeking a loving, low-key pet.
However, that gorgeous coat comes with responsibilities. Daily grooming sessions are non-negotiable, and you’ll need to schedule regular baths to maintain their luxurious fur. A consistent grooming routine is essential to prevent matting and keep their coat healthy and pristine.
Russian Blue (Average purchase cost: $1,000 to $2,500)
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When it comes to feline snobs, certain cat breeds take pride in their exclusive nature. Like sophisticated socialites, they carefully evaluate newcomers before deciding if they’re worthy of their attention. However, once you’ve earned their trust and approval, these discerning cats transform into devoted companions.
Among these elite breeds, the Russian Blue stands out with its distinctive coat, which ranges from silvery to deep slate gray. While cat enthusiasts refer to them as "blue," their true appeal lies not only in their striking appearance but also in their meticulous nature. These cats are renowned for their impeccable grooming habits and their notably precise litter box etiquette, traits that contribute to their higher price tag and desirability.
Ragdoll (Average purchase cost: $1,000 to $2,000)
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Ragdolls are magnificent felines known for their impressive size and luxuriously plush coats, complemented by striking blue eyes that captivate everyone they meet. Their popularity is well-deserved, extending far beyond their stunning appearance. These gentle giants are renowned for their sociable nature, making them perfect companions for active households filled with family members, frequent visitors and other pets. Their exceptional ability to coexist harmoniously with dogs sets them apart from many other cat breeds, minimizing household pet tensions.
What truly sets Ragdolls apart is their extraordinary bond with their human family members. Unlike more independent cats, these affectionate companions thrive on human interaction, becoming devoted shadows to their owners. They express their love through constant companionship: Following their humans from room to room, offering gentle headbutts and cuddles, sharing the bed at night and rushing to the door to welcome their family home. While their loving nature makes them incomparable pets, responsible owners should monitor their health carefully, as these cats can be susceptible to certain health conditions, including obesity, urinary tract issues and cardiac concerns.
British Shorthair (Average purchase cost: $700 to $3,000)
ANURAK PONGPATIMET | Shutterstock
The British Shorthair stands out as one of the most sought-after cats, and it’s easy to understand why. These charming felines boast a remarkable health record, with their main health concern being a tendency toward weight gain if their diet isn’t properly monitored.
Their robust health profile means fewer trips to the veterinarian, which helps offset their initial purchase price. While these cats come in various colour patterns, the distinctive blue-gray coat paired with striking copper eyes remains the most desirable combination. However, potential owners should note that British Shorthairs aren’t typically cuddlers. While they enjoy companionship and will contentedly lounge nearby, they prefer to maintain some personal space and generally don’t appreciate being picked up.
Scottish Fold (Average purchase cost: $1,500 to $3,000)
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If you’re in search of an adorable, fluffy companion who will shower you with endless affection, the Scottish Fold cat might be your perfect match. Known for their distinctive owl-like appearance with large, expressive eyes, rounded face and trademark folded ears, these cats are renowned for their intelligence and gentle nature. They adapt easily to new environments and tend to speak softly. Their unique folded ears make them one of the most sought-after and expensive cat breeds, with celebrity owners like Taylor Swift frequently showcasing her two Scottish Folds on social media platforms.
However, it’s important to understand that their characteristic folded ears are actually caused by a genetic condition called osteochondrodysplasia, which affects cartilage development throughout the body. This condition can have serious health implications as these cats age. The disorder may cause joint fusion in their ankles, knees or tail, leading to significant mobility issues. Affected cats often experience stiffness and discomfort, and in more severe cases, they may develop debilitating arthritis.
Lykoi (Average purchase cost: $1,500 to $2,500)
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The Lykoi cat, affectionately nicknamed the "wolf cat" or "werewolf cat," emerged as a distinct breed in 2011. This fascinating feline owes its unique appearance to a naturally occurring mutation found in feral cats. Despite their somewhat wild appearance, Lykois are incredibly affectionate companions who form strong bonds with their human families and get along well with other pets.
Due to their rarity and relatively recent emergence in the cat breeding world, Lykoi cats come with a premium price tag. Prospective owners can expect to pay between $1,500 and $2,500 for these distinctive pets, as there are currently only a small number of specialized Lykoi breeders worldwide.
Peterbald (Average purchase cost: $1,400 to $3,500)
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The Peterbald, a relatively recent addition to the feline world, emerged in 1993 through the innovative work of a Russian breeder. This unique breed resulted from crossing the hairless Donskoy with an Oriental Shorthair. As with many newer breeds, Peterbalds command premium prices due to the substantial costs associated with developing and maintaining a novel breed line.
These distinctive cats, whether sporting a peach-fuzz coat or completely hairless, make exceptional snuggle partners. Their naturally elevated body temperature makes them particularly appealing during cold weather. Known for their vocal nature, Peterbalds are constant conversationalists who love to communicate with their human family members through an array of chirps, trills and meows.
Maine Coon (Average purchase cost: $2,500 to $5,000)
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Maine Coons consistently rank among the most popular cat breeds according to the Cat Fanciers’ Association, which explains their premium price point. Known as the gentle giants of the feline world, these cats are renowned for their friendly and sociable nature, making them excellent companions for families with children and other pets.
These robust cats evolved to thrive in New England’s harsh winter conditions. Their distinctive physical features include oversized paws that act as natural snowshoes, helping them navigate through deep snow. Their prominent whiskers and common polydactyl trait (extra toes) further enhance their ability to move confidently through challenging outdoor environments.
Despite their robust constitution, Maine Coons can be susceptible to certain inherited health conditions. The most significant concern is Hypertrophic Cardiomyopathy (HCM), a serious heart condition that requires vigilant monitoring. Responsible pet owners should schedule annual cardiac ultrasounds to detect and manage any early signs of this condition.
American Curl cats (Average purchase cost: $1,200 to $3,000)
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The American Curl is a remarkable feline breed known for its unique and distinctive curled ears — a trait that emerged from a natural genetic mutation. First discovered in 1981 as a stray black longhaired cat in Lakewood, California, this breed traces its lineage back to that single cat named Shulamith. The breed has since captured the hearts of cat enthusiasts worldwide.
These cats possess an elegant appearance with their silky coat that lies flat against their medium-sized, rectangular body. Their expressive eyes and signature curved ears give them an alert and enchanting appearance. American Curls are cherished for their loving nature and social disposition, getting along well with both humans and fellow felines. While they’re not particularly talkative, they demonstrate high intelligence and adaptability. Those with long hair require regular grooming attention to maintain their beautiful coat.
Siberian Forest cat (Average purchase cost: $1,200 to $4,000)
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The Siberian Forest cat combines strength and grace in its remarkable physical presence. Their loving and sociable nature makes them perfect companions for families, readily bonding with children and other pets alike. These affectionate cats will shower their humans with attention and cuddles, making them a joy to have around.
Built for survival in harsh climates, the Siberian Forest cat boasts an impressive physique. Their muscular frame features a broad chest, powerful legs, and large paws that give them both strength and agility. This sturdy build reflects their natural heritage as forest cats.
Perhaps their most striking feature is their luxurious coat, which adapts to seasonal changes. During winter months, their semi-long fur becomes thicker and more abundant, creating a distinguished ruff around their neck and a glorious mane. Their bushy tail, which serves as both a statement piece and a natural warmth provider, is particularly impressive. Come summer, their coat naturally thins while maintaining its beautiful appearance.
Oriental Shorthair (Average purchase cost: $600 to $1,500)
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As a social and energetic breed, Oriental cats are known for their exceptional intelligence and strong bonds with their human companions. These charming felines often demonstrate their affection through constant interaction and vocal communication, making them delightful conversation partners. Their playful nature persists well into adulthood, and they’ll happily engage with various toys, particularly enjoying games of fetch.
While Orientals may develop a special connection with one family member, they’re generally sociable cats who thrive in households with multiple people and pets. Their gregarious personality and need for companionship make them excellent family pets, but this also means they don’t do well when left alone for extended periods. These cats flourish in environments where they have plenty of interaction with humans or other pets.
This article provides information only and should not be construed as advice. It is provided without warranty of any kind.
Trump’s “Liberation Day” may be the first step in America’s exit from its role as the world’s economic anchor and trusted trade ally. That’s according to Canadian Prime Minister Mark Carney, who didn’t hold back in a press conference shortly after reciprocal tariffs on U.S. autos were announced.
“The system of global trade anchored on the United States … is over,” Carney said during the recent announcement. “The 80-year period when the United States embraced the mantle of global economic leadership … is over. While this is a tragedy, it is also the new reality.”
As the former head of both the Bank of Canada and the Bank of England, and an Oxford-Harvard trained economist, Carney certainly has the experience needed to help Canada navigate this new reality. But his stern warning is rippling far beyond Canadian borders.
According to the BBC, world leaders, including EU Commission Chief Ursula von der Leyen and Japan’s Prime Minister Shigeru Ishiba, say the ongoing trade war will have “dire” consequences for millions of people across the world and undermine the global trading system.
Here’s why the chorus of concern continues to expand and how you can prepare for what’s to come.
The world’s largest buyer
The U.S. isn’t just the largest economy in the world, it’s also the largest consumer of goods and services.
In 2023 alone, the U.S. imported goods worth $3.17 trillion in aggregate, according to Visual Capitalist’s coverage of World Trade Organization data. China, the second-largest economy in the world, is a net exporter, according to the Financial Times.
As a result, the global economy heavily relies on American consumption, and any trade barriers, such as tariffs or embargoes, could have severe consequences for nearly every country.
This is why Carney is warning that the Trump tariff policy could “rupture the global economy.”
There are plenty of signals validating this thesis. Global stock markets have shed $9.5 trillion in total value since early April, according to The Street, while JPMorgan’s probability forecast for a U.S. recession this year sits at 60%.
However, this isn’t the first time the world has faced an economic calamity, and there are ways you can prepare your finances for a tough road ahead.
There’s no way to predict what the economy could look like a few months from now. But there are ways to protect your wealth and household budget right away.
Recessions usually coincide with a sharp surge in layoffs and unemployment, so building up a larger-than-usual emergency fund could bolster your family’s finances if you happen to lose income.
Cutting back on discretionary spending and adding a margin-of-safety to your annual budget could help you mitigate the added costs of these import tariffs.
Estimates by the Yale University Budget Lab conducted after the “Liberation Day” announcement suggest that the typical American household could see an average purchasing power loss of $4,700 in 2024 dollars due to the trade war.
For your investments, you could consider a safe haven asset such as gold to protect some of your wealth.
Each ounce of the yellow metal is up 16% over the past six months, and some investors are retreating to it as a safe haven during market volatility.
The Trump brothers, already known for their ventures in real estate and investments, are merging their company, American Data Centers, with crypto giant Hut 8 Mining Corp. to form the new entity.
The Trumps will own 20% of the company, with the remaining 80% controlled by Hut 8. For its part, the latter will contribute around 61,000 mining machines from its vast data centers, according to The Wall Street Journal.
The deal positions the Trumps at the intersection of two highly profitable industries, real estate and cryptocurrency.
Launched in February 2025, American Data Centers is the latest project from the Trump brothers, teaming up with Dominari, a boutique investment firm tied to the Trump Tower. This venture marks the third major crypto-related initiative from the family in less than a year, showing their growing presence in the digital currency space.
Earlier in 2024, the Trump brothers rolled out World Liberty Financial — a company offering two types of digital currency — followed by the $TRUMP meme coin just before President Trump’s swearing-in.
So, why Bitcoin?
Bitcoin remains the gold standard in the cryptocurrency world, despite other coins like Ethereum, Tether, and even Dogecoin gaining some attention.
It is the oldest and largest crypto, and it’s mined through energy-intensive computing to unlock new tokens. Eric Trump, Chief Strategy Officer at American Bitcoin, sees it as a hedge against the family’s real estate holdings. He’s even hinted at the potential for a “Bitcoin reserve” and possibly going public with the company in the future.
Donald Trump Jr. also called the new venture a “major opportunity,” in a press release, emphasizing the family’s “conviction in Bitcoin” and the potential for profits if mining operations are done right. Despite the connection to their real estate empire, the brothers are trying to separate American Bitcoin from the Trump Organization, though concerns over conflicts of interest remain.
The volatility of crypto has been a big topic, especially with the market’s roller-coaster ride tied to regulatory shifts, so this move by the Trump family is attracting attention.
What does high-profile interest in crypto mean for your investments?
With Eric Trump serving as Chief Strategy Officer, the venture gains instant recognition, possibly paving the way for more celebrity-backed investments in Bitcoin mining. This move could signal a rise in institutional interest in mining, key to validating Bitcoin transactions and securing blockchain networks.
For individual investors, this development could bring several changes.
To start, the launch of a major mining operation like American Bitcoin could impact Bitcoin’s supply and influence its price volatility, because public perception can influence short-term pricing.
From a regulatory perspective, as crypto mining gains more spotlight, it could prompt new regulations, especially surrounding its environmental footprint and energy use. The EPA has already stated it plans to review the climate effects of crypto mining.
In terms of investment opportunities, the venture may open up fresh investment products tied to Bitcoin mining, giving investors a chance to diversify their portfolios.
Given these developments, here are a few tips for adjusting your investment strategies.
Think about adding exposure to Bitcoin mining to diversify, either by investing directly in mining companies like American Bitcoin or through financial products that track mining performance.
It’s important to stay alert to regulatory updates. Crypto mining’s increasing visibility could lead to new regulations, particularly on taxes and environmental issues. For example, the IRS requires taxpayers to report all digital asset transactions, including mining income.
As always with any investment, be aware of the risks. Keep an eye on the environmental and energy costs associated with mining operations.
The Trump brothers’ push into Bitcoin mining shows their ongoing search for wealth-building opportunities. While we don’t yet know whether American Bitcoin will be the next big hit in the crypto world, it sure is one investors should keep an eye on.
We adhere to strict standards of editorial integrity to help you make decisions with confidence. Some or all links contained within this article are paid links.
Car dealers aren’t always known for prioritizing your budget — and the lengths some will go to to separate you from your hard-earned money are greater than you might think.
Most car shoppers have never heard of the four-square method, although it’s often used to convince you to make a big financial commitment without the full picture.
Here’s how it works, along with some tips on how to avoid falling into a car dealer’s trap.
How the four-square method works
The four-square method refers to the dealer making four squares on a piece of paper. The squares contain the following figures:
The value of your trade-in
Your down payment
The price of the vehicle you’re buying
The monthly payment for your new car
Writing this info down might seem innocent, but dealers often cross numbers out and write them all over the sheet, causing you to lose track of what’s happening.
Dealers sometimes try to obscure the car’s total costs when using this method. Instead, their goal is to get you focused on the amount of your monthly payment. They want to convince you the vehicle is in your budget if you can manage the monthly costs — no matter how many months it takes.
Unfortunately, dealers aim to lock you into long-term car loans to make that price appear lower. But what it does is increase the total cost of the car, leaving you in debt for longer. You also pay more in interest over time, which is never good considering you also have to account for the ongoing cost of car insurance.
Of course, the total cost is nowhere to be found on the squares.
Insurance costs are an important factor to consider. Due to new tariffs on imported cars and auto parts from Canada and Mexico, your premium could increase by an average of 8% by the end of 2025, according to a study by Insurify — going from $2,313 a year up to $2,502.
Whether you’re in the market for a car or not, you can always benefit from doing a little comparison shopping on your policy. This used to take hours of research, but not anymore with free services like OfficialCarInsurance.
OfficialCarInsurance helps you instantly sort through the best policies from car insurance providers in your area, including trusted names like Progressive, GEICO, and Allstate. With rates as low as $29 per month, you can find coverage that suits your needs and potentially saves you hundreds of dollars per year.
To get started, fill in some basic information and OfficialCarInsurance will provide a list of the top insurers in your area.
The more you find savings for other car costs, the more money you can put toward your monthly car payments to pay off your loan faster.
Fortunately, you can avoid being fooled by the 4-square method — or any other methods dealers use to squeeze every dollar out of you. Here’s what you can do to ensure you pay a fair price.
Do your research before you go
An informed customer is less likely to be swindled, so doing your own research can help you stick to a budget that makes sense for you. The Kelley Blue Book and AutoTrader can be a good way to find out the going rate for a car so you’ll know how much you can expect to pay.
Get preapproved for a car loan independently
You don’t have to borrow from the dealer when buying a car. While they sometimes offer great incentives, the rates are often comparable to car loans from private lenders.
If you pass up dealer financing, they have fewer chances to tack on hidden costs or trick you into a low payment over an extended loan term.
Take the time to shop around, compare rates and find out what you can afford with a reasonable loan term. That way you can leverage your pre-approval at the dealership and see if they can offer a lower rate.
Look at total costs
Dealers use the four-square method to present so many numbers that you won’t notice they aren’t disclosing the total costs. The problem is that not understanding the actual price you’re paying can lead to bad choices.
If you have already been taken in by the four-square method, it’s not too late to lower your costs so you can make your car payments more affordable, allowing you to pay-off high-interest debt faster.
Credible makes it easy to streamline your debt payments so you aren’t juggling paying off multiple lenders at different rates. Its online marketplace of vetted lenders provides personal loan offers based on your needs, allowing you to pay off your car loan more efficiently at a fixed rate.
Consolidating your debt with a personal loan from Credible can be the first step towards more financial freedom and getting out from under that damaging debt.
When buying a car, don’t let the dealer drive your decision making — and don’t let them confuse you. Go in with a clear budget and an understanding of what the car should cost. If the dealer doesn’t align with your financing needs, find a lender that does.
Recent changes to Social Security are leaving many recipients scratching their heads, as unexpected lump sum payments and overpayments are showing up in bank accounts — all without much explanation.
Brooklyn resident Elizabeth Miller, 65, was shocked and confused when she noticed a large amount of money in her account. “I didn’t know what it was. I had no idea who sent me this,” Miller told News 5 Cleveland “I thought they’d take it back right away. It’s not mine. It was a mistake,” Miller added.
Miller’s situation comes at a time when significant changes to Social Security are affecting people’s payments and she’s not the only one.
Different Social Security reps gave her conflicting explanations about why her account balance had suddenly increased. But things didn’t stop there. As more payments and letters arrived, Miller was told the extra funds were actually overpayments she was owed.
Still, Miller remains baffled by the large amounts showing up in her account. “I don’t understand why you would put that much money in my account,” Miller said.
The Social Security Fairness Act was recently passed and aims to eliminate two rules that cut Social Security benefits for certain retirees: The Windfall Elimination Provision (WEP) and Government Pension Offset (GPO) reduced benefits for individuals who worked in jobs not covered by Social Security, like many state and local government workers. In addition, the Social Security Fairness Act ensures these workers receive the full Social Security benefits they’ve earned.
This means that people like Jeff Olds, who received a lump sum payment for his wife, are now eligible for the benefits they missed out on originally.
Olds, a 72-year-old from Brunswick Hills, said after 10 years of normal payments of about $1,600 a month, he received a lump sum of more than $14,000 from Social Security. “I was shocked at first… this never happened before,” he told News 5 Cleveland.
“It’s pretty scary for somebody who doesn’t deal with this every day,” April Roberts, a Social Security expert and CEO of AARIA, told News 5 Cleveland. She noted that lump sum payments will start arriving on March 27. Thereafter, in instances where there was an error, Social Security will recoup legitimate overpayments by withholding 100% of subsequent checks until the balance is repaid.
In some cases, changes to benefits may also follow new income thresholds or changes in the beneficiary’s work status. The problem? Social Security has been sending lump sums before recipients receive letters explaining the amounts. This lack of communication can leave people confused about why they received a deposit, or whether it’s even theirs to keep.
What to do if you spot changes to your Social Security payments
With all the confusion, navigating the changes can be frustrating, so here’s what you can do.
To start, regularly review your statements and make sure your personal information is up-to-date. Set reminders if you need them. If you notice an unexpected deposit from Social Security, call your local office for clarification, but be prepared to wait. “They have access to more detailed information about your specific situation,” Roberts explained.
If you feel that the explanation or payment amount is incorrect, you can file an appeal. If you owe money, you can file a waiver form or arrange a payment plan.
While changes roll out, stay informed and proactive to ensure your Social Security payments are accurate and handled correctly. You can set up alerts to be notified about any new updates to Social Security.
As for Miller, she is still waiting for confirmation letters to explain the lump sum payments in her account. “I think the letters should come before the check to explain that you’re going to be receiving something… for sure, so you don’t have to panic when that much money is placed into your bank account,” she said.
We adhere to strict standards of editorial integrity to help you make decisions with confidence. Some or all links contained within this article are paid links.
Headline inflation has eased in the U.S., but according to economist and former Treasury Secretary Larry Summers, soaring prices may persist amid President Donald Trump’s tariff plans.
“Developments in the last 24 hours suggest we may be headed for serious financial crisis wholly induced by US government tariff policy,” Summers wrote in a post on X on April 9.
Though inflation rates have come down from the pandemic highs, Trump’s tariffs might reverse the progress. The Federal Reserve, after slashing rates twice last year, announced a brief pause in January.
What’s more, 90% of chief financial officers across large organizations in the U.S. have rung warning bells regarding a resurgence of inflation and potential economic slowdown, according to the latest quarterly CNBC CFO Council survey.
Federal Reserve Chairman Jerome Powell echoed these sentiments, saying that Trump’s “Liberation Day” tariffs were “significantly larger than expected.”
“The same is likely to be true of the economic effects, which will include higher inflation and slower growth,” Powell said in early April.
Summers, a vocal critic of the Trump administration, stated that the latest tariff policies made “little sense.”
“If any administration of which I was a part had launched an economic policy so totally ungrounded in serious analysis or so dangerous and damaging, I would have resigned in protest,” he wrote in a different post on X on April 3.
Inflation impacts everyone by eroding the purchasing power of money. If you share Summers’ concerns, here are three strategies to potentially guard against its impact.
Invest in real estate to hedge against inflation
Real estate has long been considered a hedge against inflation thanks to its intrinsic value and income-generating potential.
When inflation rises, property values often increase as well, reflecting the higher costs of materials, labor and land. At the same time, rental income tends to go up, providing landlords with a revenue stream adjusted for inflation. This combination makes real estate an attractive option for preserving and growing wealth during periods of ever-increasing prices.
FNRP has developed relationships with the nation’s largest grocery-anchored brands, including Kroger, Walmart, and Whole Foods. With a minimum investment of $50,000, accredited investors can access promising real estate investments.
Their team makes investing in commercial real estate simple by offering white-glove services to investors. FNRP acts as the deal leader, providing expertise and doing the legwork, while investors can use their secure platform to explore available deals, engage with experts and easily make an allocation.
You can also get into real estate by investing in hand-picked rental properties. One way you can tap into this market is by investing in shares of vacation homes or rental properties through Arrived.
Backed by world-class investors, including Jeff Bezos, Arrived allows you to invest in shares of residential properties to earn passive income without the operational headaches that come with managing your own rental.
To get started, simply browse through Arrived’s selection of pre-vetted properties, each selected for their appreciation and income generation potential. Once you choose a property, you can start investing with as little as $100.
Gold is another popular long-term hedge against inflation.
The reasoning is simple: Gold can’t be printed in unlimited quantities by central banks like fiat money. Because its value isn’t tied to any one currency or economy, diversifying into gold can provide some protection during periods of economic uncertainty. This unique characteristic has led to a reputation for being a “safe haven” asset.
In other words, gold’s appeal as a stable store of value typically grows when inflation erodes the purchasing power of currencies.
Investors have already taken note of gold’s resilience. In fact, gold has increased in value sevenfold over the last 100 years. Even better, in 2025, gold prices have surpassed $3,000 per ounce.
Opting for a gold IRA gives you the opportunity to hedge against market volatility by allowing you to invest directly in physical precious metals rather than stocks and bonds.
Priority Gold is a particularly good fit for those looking to diversify their portfolios, add gold to an IRA or learn more about investing in previous metals. Plus, Priority Gold has an A+ rating from the Better Business Bureau and a 5-star rating from Trust Link.
If you’d like to convert an existing IRA into a gold IRA, Priority Gold also offers a 100% free rollover, not to mention free shipping and free storage for up to five years. Qualifying purchases can also receive up to $10,000 in free silver.
To learn more about how Priority Gold can help you reduce inflation’s impact on your nest egg you can download their free 2025 gold investor bundle.
Purchase contemporary art as an investment
It’s easy to see why great works of art tend to appreciate — especially during times of inflation. Supply is limited, and many famous pieces have already been snatched up by museums and collectors.
For example, in 2022, shortly after inflation reached a 40-year high, the art collection of late Microsoft co-founder Paul Allen sold for a total of $1.5 billion at Christie’s New York, making it the most valuable private collection of all time. As such, art can be a popular way to diversify a portfolio because it’s a tangible asset with little correlation to the stock market.
Traditionally, investing in art has been a privilege reserved for the ultra-wealthy.
But now, investors of all experience levels can invest in the art world.
Masterworks is a platform for investing in shares of blue-chip artwork by renowned artists, including Pablo Picasso, Jean-Michel Basquiat, and Banksy. Masterworks is easy to use and has had 23 successful exits to date, every one of them profitable. Even better, postwar and contemporary art prices have outpaced the S&P by 64% between 1995 and 2023, according to Masterworks.
Masterworks has already sold over $61 million worth of art, including the principal, and distributed the proceeds to everyday investors. What’s more, the art market had almost no correlation with the S&P 500 between 1995 and 2024, according to the MW All Art Index, which can make an investment in fine art worth considering for your portfolio.
We adhere to strict standards of editorial integrity to help you make decisions with confidence. Some or all links contained within this article are paid links.
It’s natural to be curious about how well off — or not — our friends, neighbors and peers are. And for better or worse, social media makes it easy to satisfy this curiosity. You may be inclined to assume that the folks you interact with on a regular basis are doing quite well financially. However, social posts focus on the positive, which can make it appear as though they have more money than they actually do.
With this in mind, here are a few signs that may indicate the people you know are actually broke — or that you’re headed down a similar path.
When you head out on a road trip without directions, you risk getting lost along the way. Similarly, if you go through life without a financial plan, you risk winding up broke — or if not broke, at the very least, shy of your financial goals.
A 2024 Northwestern Mutual survey found that 55% of Americans don’t have a broad financial plan that allows them to balance their near-term and long-term goals. If that’s the case for you, it’s a good idea to talk to a financial advisor and get on a better path.
Finding a financial advisor that suits your specific needs and goals is simple with Vanguard.
Vanguard’s hybrid advisory system combines advice from professional advisors with automated portfolio management to make sure your investments are working to achieve your financial goals.
With a minimum portfolio size of $50,000, this service is best for clients who already have a nest egg built and would like to try to grow their wealth with a variety of different investments. All you have to do is set up a consultation with a Vanguard advisor, and they will help you set a tailored plan and stick to it.
2. They spend a lot on brand names
It’s okay to splurge on a quality item from time to time, especially if it’s something that helps you earn money, like a laptop you use for your job. But if you feel compelled to only buy brand names — and the fanciest ones at that — you’re more likely to end up in a bad place financially.
This may be why total U.S. household debt has jumped by $93 billion to reach $18.04 trillion, according to the Federal Reserve.
If you want to avoid becoming broke, don’t buy things — whether it’s a car, a house, or clothing — with the goal of showing off. Instead, buy things with the goal of addressing your needs as economically as possible.
When you do spend, you can also be smarter with your money by automatically investing your spare change with Acorns.
The app rounds up each of your everyday purchases to the nearest dollar and invests the difference in a diversified portfolio. This means that every transaction — from your morning coffee to grocery shopping — contributes to building your retirement nest egg.
For example, when you spend $3.60 on coffee, Acorns will automatically invest the 40-cent difference. Plus, with an Acorns Silver plan, you get access to Acorns Later, a retirement investment account with a 1% IRA match on new contributions. With Acorns Gold, you get a 3% IRA match on new contributions and the ability to customize your portfolio by selecting your own stocks.
One mistake people make all the time is figuring that because they earn a lot, they can afford to spend a lot. In reality, if you don’t keep any of your income, you’re going to end up broke.
A 2024 PYMNTS survey found that 48% of people earning more than $100,000 a year live paycheck to paycheck with no money in savings to fall back on. And the same holds true for 36% of people earning more than $200,000 a year.
Another big mistake most Americans make is leaving their money in low-interest savings accounts. More than 82% of the population is missing out on high-yield savings accounts, which offer returns up to 10 times higher than traditional banks, according to CNBC.
A healthy savings account balance gives you the funds to handle unexpected expenses and save for retirement, all without going into debt. If you’re looking for the best bank for your savings, compare and select from the Moneywise list of the Best High-Yield Savings Accounts of 2025.
4. They lack financial discipline
People who are secretly broke tend to give in to impulse purchases rather than planning and budgeting. Worse yet, they tend to use credit cards to fund impulse purchases, driving themselves even deeper into debt.
While occasional impulse buys may not break the bank, making a habit of them can seriously harm your finances. Instead, focus on budgeting and being intentional with your spending.
Budgeting can be challenging, especially when trying to track multiple accounts, shopping and daily expenses simultaneously. However, Monarch Money’s expense tracking system can simplify the process.
The platform seamlessly connects all your accounts in one place, giving you a clear view of where you’re overspending. Whether you’re looking to save, invest, or simply control your expenses, Monarch Money offers the tools to help you succeed. Plus, for a limited time, you can get 50% off your first year with the code NEWYEAR2025.
5. They keep chasing get-rich-quick schemes
There are certain tried and true methods of growing wealth over time. These include buying a home and seeing its value increase, investing in stocks and holding them for decades, and putting money into bonds for slower but stable returns.
Chasing get-rich-quick schemes, on the other hand, is a good way to end up with less money rather than more.
Even short-term stock investments can be risky, as it often takes time for stocks to increase in value. So, instead of trying to make a quick buck, focus on ways to grow your net worth slowly but consistently, such as taking advantage of compound interest.
With Wealthfront’s automated investing platform, the power of compound interest works for you. Their sophisticated "set it and forget it" approach means your money is professionally managed and automatically rebalanced, allowing your wealth to grow steadily over time.
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Open your account today and receive a $50 bonus to jumpstart your investment journey. Whether you’re saving for retirement, a home, or building generational wealth, Wealthfront’s low-cost, automated investment strategy can help you achieve your financial goals.
