Skip to site content
The Money Guy Show

Is Identity Theft Protection Worth It?

Brian and Bo investigate identity theft protection, and credit monitoring industries, as well as provide you with alternative methods to identity security that is available. This week’s episode is a must-listen and a great resource to keep an eye on your credit score, report, and security.

Brian reviews credit monitoring and protection industry while reviewing The Consumer Reports article Don’t get taken guarding your ID. The article points out our stance on these “services” and highlights how easy it is to monitor your credit yourself for free. If you are worried about credit fraud the single best way to protect yourself is through a “credit freeze,” and when you need credit you can “thaw” your credit within 15 minutes. If you are doing all of these things already and want a snapshot of how good you are at protecting your identity IDSafety.net has a quiz that is a great resource.

Brian and Bo also give you resources to access your credit scores from all 3 credit bureaus:

Transunion: www.creditkarma.com
Experian: www.creditsesame.com
Equifax: With certain discover credit cards, discover will print your score on your Equifax monthly statement.

As always, you can download your credit report once per year per bureau through www.annualcreditreport.com. The guys also give you an outlet to protect your security when filing your taxes. The IRS has implemented measures to help safeguard your identity through their IP PIN program.

Enjoy the Show?

Where You Can Watch and Listen:

Subscribe on these platforms or wherever you listen to podcasts! Turn on notifications to keep up with our new content, including:

  • Episodes of The Money Guy Show every Friday
  • Episodes of Making a Millionaire every other Monday
  • Mini-shows every Wednesday
  • Ask Money Guy Livestreams every Tuesday
  • Tons of other fun content!
Related Content

Free Resources

Financial Order of Operations®: Maximize Your Army of Dollar Bills! Thumbnail

Free Resources

Financial Order of Operations®: Maximize Your Army of Dollar Bills!

Here are the 9 steps you’ve been waiting for Building wealth is simple when you know what to do and the order in which to...

Wealth Multiplier By Age Thumbnail

Free Resources

Wealth Multiplier By Age

If you want to set yourself up for future success, find out how much you need to save every month to become a millionaire.

Car Buying Checklist Thumbnail

Free Resources

Car Buying Checklist

Here’s how you can buy a dependable car that won’t break the bank. Our free checklist walks you through the 20/3/8 rule and strategies to...

Articles

How To Pay Off High-Interest Credit Card Debt Thumbnail

Articles

How To Pay Off High-Interest Credit Card Debt

Credit card debt should be avoided at almost all costs. The average interest rate on credit cards is currently 24.20%, which means for every $1,000...

What Type of Health Insurance Plan Is Right for You? Thumbnail

Articles

What Type of Health Insurance Plan Is Right for You?

Health insurance is a financial necessity for everyone, regardless of age or how healthy you are. About 25 million Americans don’t have health insurance, which...

Why Are Credit Card Interest Rates So High? Thumbnail

Articles

Why Are Credit Card Interest Rates So High?

Average interest rates on credit card accounts assessed interest last year rose to a record high of 22.75%. If you never carry a balance on...

Financial FAQs

Courses & Tools

How about more sense and more money?

Check for blindspots and shift into the financial fast-lane. Join a community of like minded Financial Mutants as we accelerate our wealth building process and have fun while doing it.

Financial Order of Operations®: Maximize Your Army of Dollar Bills! Thumbnail

Free Resources

Financial Order of Operations®: Maximize Your Army of Dollar Bills!

Here are the 9 steps you’ve been waiting for Building wealth is simple when you know what to do and the order in which to...

Wealth Multiplier By Age Thumbnail

Free Resources

Wealth Multiplier By Age

If you want to set yourself up for future success, find out how much you need to save every month to become a millionaire.

Car Buying Checklist Thumbnail

Free Resources

Car Buying Checklist

Here’s how you can buy a dependable car that won’t break the bank. Our free checklist walks you through the 20/3/8 rule and strategies to...

Recent Episodes

It's like finding some change in the couch cushions.

Watch or listen every week to learn and apply financial strategies to grow your wealth and live your best life.

The Truth About Rental Properties (Is It Passive Income?) Thumbnail

Episodes

The Truth About Rental Properties (Is It Passive Income?)

Think your rental barely breaks even? We reveal the shocking math when this couple asks if they should sell their duplex to reclaim their time...

3 Big 401(k) Updates That Could Impact Your Future Thumbnail

Episodes

3 Big 401(k) Updates That Could Impact Your Future

Big changes are coming to 401(k)s! And, 595K hit 401(k) millionaire status in Q2 2025, but 41% cash out when changing jobs. Watch now to...

In your 30s with $300k? Do these 3 things. Thumbnail

Episodes

In your 30s with $300k? Do these 3 things.

If you're between 27 and 43 with six figures invested, you're in the often-overlooked "messy middle" between reaching your first $100,000 and retirement. Bo breaks...