The Clark Howard Podcast 01.06.25 Timeshares - Vacation Clubs / Teaching The Value Of Money
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Jan 6, 2025 Discover the hidden traps of timeshares and vacation clubs, designed to keep you in debt. Learn how to teach children the value of money through allowances tied to chores, emphasizing smart spending and saving. The discussion also touches on navigating financial literacy in today’s digital age, offering tips on managing accounts and maximizing credit card rewards. Explore the importance of early financial education to prepare kids for responsible money management in a complex world.
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Avoid Timeshares and Vacation Clubs
- Timeshares and vacation clubs are defective products; avoid them.
- Find the best vacation deals when you want to travel, especially in January.
Clark's Vacation Club Confrontation
- Clark Howard investigated a vacation club scam in the early 90s, confronting the company on location.
- Police were called to arrest him, but the company later vanished, and a principal faced jail time.
Amazon Password Security
- Use strong, randomly generated passwords, especially for crucial accounts like Amazon.
- If you use a password manager, changing passwords frequently isn't essential unless there's a breach.