By Joshua Kruger
When it comes to investing and making money, prisoners need positive money mentors that can give us the keys to success. Who better to do that than one of the richest men in the world, Warren Buffet. The “Oracle of Omaha” has built a huge fortune with simple strate- gies that we can utilize in our own life. I found a couple of his money rules that are useful for this article. They are:
“Rule Number 1: Never lose money. Rule Number 2: Don’t forget rule number one.”
Pretty simple, huh? But, these “rules” are hardly practiced, though. In my grade school, they had a “lost and found” box. If you lost a coat, book bag or some personal item, you could check the lost and found box to see if someone turned it in. (FYI: This was done in a small town in the 1980’s. I’m not sure if that kind of honesty still exists.) Just like those lost and found boxes at my grade school, there is a lost and found “box” for real world dollars. You may have money in it and not even know it. Your reaction may be, “Yeah, right!” But, let me explain.
There is millions of dollars of unclaimed property in the United States. This money is generated from life insurance policies, refunds from utility companies and proceeds from estates of relatives who have left no will behind. The money is just sitting there in the “box” waiting to be claimed. Do you have some in your name?? Here’s how to find out if you any of this lost money.
You will need to have someone in your network conduct an online search using your first and last name on the free website, www.unclaimedproperty.com and www.missingmoney.com. If you find some in your name, file a claim with your state’s unclaimed prop- erty office. Even if you do not find anything initially, you should con- duct searches on a yearly basis because the bureaucrats tend to process paperwork slowly as we all know too well.
Just remember if you do find some lost funds, do not spend it on friv- olous items at your commissary. Instead, invest the money and make it work for you. And, never forget “Rule Number One!”
Josh Kruger is the author of the upcoming book, The Millionaire Prisoner: How To Turn Prison Into A Stepping-Stone to Succe$$. You can reach him at firstname.lastname@example.org. For more information on Josh Kruger, click here.