Keeping Up with the Joneses
Lifestyle inflation can be the enemy of wealth building. What could happen if you invested instead of buying more stuff?
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Having your identity stolen may result in financial loss plus the cost of trying to restore your good name.
The chances of an IRS audit aren't that high. And being audited does not necessarily imply that the IRS suspects wrongdoing.
In the face of divorce, making changes to insurance coverage may be overlooked.