A new way to easily store and share important documents with your trusted advisors – and more
Ric Edelman: It's Tuesday, October 3rd. About six weeks ago I told you of one of my new sponsors Prisidio. Gotten a lot of questions from folks about them. I want to share a little more. Prisidio lets you keep track of everything you value and all the important places that exist in your life as well, both physical and digital. Your will might be in a safe deposit box, your boat might be in a storage facility for the winter. You've got your photos on iCloud. Prisidio helps you identify where things are and helps you share all these places with your family, as well as your lawyer, your accountant, your financial advisor. Prisidio even lets you set reminders so you never miss deadlines like for insurance renewals or travel dates, or when you've got to take your dog to the vet. And maybe the best part is that Prisidio is really low cost. You can even try it for free. That's why I accepted them as a sponsor of this podcast. They're worth looking at. You can do that at Prisidio - prisid.io. The link is in the show notes.
One of the big issues related to all this in our Living our lives online is that we have so many sites on our phones, so many passwords. Prisidio doesn't try to compete with password managers like one password or LastPass, but they do have it as a feature in the Prisidio app. You can add any password to Prisidio and it will be safe, encrypted and secure.
Managing passwords is obviously important. I'll bet you've got over 100 of them, but how do you remember them all? Even more importantly, how often do you change your passwords? They say you ought to change your passwords every few months, but only 20% of us do that. It's such a pain. Not only do you not change your password, I'll bet you're using the same password for multiple accounts. Bad idea. If you get hacked in one place, the hacker can go to all the other accounts with one password you've got.
So Prisidio can help you not only simplify your life, but to make it more safe and secure. Their customers use Prisidio to store their IDs in the app. Important papers that you have about your home, your deed and mortgage and insurance policies. Key information about your family members, copies of your wills and trusts, health care documents, birth certificates. Contact info for your doctors, attorneys, accountants, veterinarians. All the professionals in your life. Info about your cars and trucks. You know the vehicle make and model number, the registration, the VIN number, the insurance policy, and a full list of all your valuables, not just financial but also sentimental artwork, heirlooms, collections, and you get to store everything confidentially like your address book.
If you're a business customer – lists, financial statements, supplier lists, operations manuals, contracts, blueprints, recipes, formulas, patents. You name it. And best of all, you can share all this information with anybody you want anytime you want.
You don't have to be at your home to share a copy of your will with somebody. You could be anywhere as long as you've got your phone with you. They see what you want, but only what you want whenever you want them to see it. And all this can help protect you from identity theft that costs Americans $56 billion a year. It's less likely to happen to you if you store all of your info in an encrypted app. So take a look at Prisidio and ask your financial advisor or lawyer to look at them for you.
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