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3 Top Password Tips for Cyber Security

3 Top Password Tips for Cyber Security



Which of these two passwords do you think is easier to crack?

If you answered the “C0ll3g3!”, you are correct. According to the Random-ize website (, it will take 24 days, 20 hours to crack the first password.

The second password will take 236647670869834720 years.

For extra security, use a complex passphrase but don’t make it too complicated that you have a hard time remembering it.

Should your password be complex?


You might have heard that your passwords should be complex and should use a combination of upper case, lower case, numbers, and characters.  However, new data shows the length of the password makes it hard on hackers, rather than the complexity of the password. 

So how are you supposed to remember password with nineteen characters? 

We recommend using a phrase that is unique to you, such as a family motto or saying. A funny expression or joke you always tell could put a smile on your face for every login.

If you want to be extra secure, use a complex passphrase. Get creative with numbers and symbols that make sense in the passphrase. But don’t get too expressive that you can’t remember it.

    Don’t Manage Alone

    Remember don’t reuse your password for other sites and don’t put a sticky under your keyboard. With so many applications and accounts that require a password, now may be a good time to look into having a password manager. 

      There are a few out there, and some are even free. The managers store passwords for all your websites. All you have to remember is one master password (the longer, the better) to access all your passwords. Just do not forget your master password as this is the key to unlocking your password list.

      Two-factor Authentication


      In addition to having a strong, lengthy password, if the site offers two-factor authentication, go ahead and sign up for it. Two-factor is especially essential for any of your financial accounts, such as a bank or brokerage firm. Two-factor authentications require you to download an app to enter in a code or receive text messages to verify your identity before you gain access to your account.

      Remember the more layers of security you add, the more secure your data will be.

      Protected Data

      When looking for the best advisor for you and your family, make sure to ask about what processes they have in place to protect your data.

      Give us a call to find out what we have implemented for our clients. 

      Fee Only Fiduciary


      Platt Wealth Management is a fee-only advisor helping clients acheive their financial goals. We offer customized financial advice, financial planning and investment management. If you would like to learn more about our services or get in touch for a consultation to review your current portfolio please give us a call. 619.255.9554.

      We provide stand alone scenario based financial plans for a flat fee, retainer based and assets based investment management or a combination of both for full wealth management services.

      We would love to learn more about you.

      Financial Planning for Torrey Pines Bank Women’s Alliance

      Financial Planning for Torrey Pines Bank Women’s Alliance

      Your road map to financial security.


      Women face many unique challenges when it comes to personal finance and investing.

      • Physical and emotional – longevity, more subject to elder abuse, more likely to struggle after divorce or death of partner.
      • Workplace – lower salary over fewer earning years, out of workforce caring for family.
      • Behavioral – less confident about investing skills, more likely to start investing later, invest in less risky assets, less likely to participate in workplace retirement plans.

      What does freedom mean to you – starting your own business, going part-time or leaving the workforce, moving abroad, leaving a relationship or job that isn’t right for you, living without debt hanging over your head?


      Make your future self happy.

      In his TED Talk, Daniel Goldstein tells us that our present self doesn’t want to save but wants to consume and have fun but our future self wants our present self to save. Present self is the one that’s in charge, so how do we convince our present self to pay attention to our investment accounts?

      Click here to view on YouTube >>

      Draw a persuasive picture.


      • Imagine yourself in the future.
      • Anticipate your emotional reaction when future self is able to retire without stress.
      • Visualize reaching your goals.
      • Positive reinforcement about good things your past self has done.
      • Remove obstacles such as inertia.
      • Put decisions on automatic pilot

      Where do you want to be?


      • When do you want to retire?
      • What does retirement look like to you?
      • How much will that retirement cost?
      • Do you have flexibility?
      • Do you have short-term goals that also need to be funded?
      • What is your time horizon?
      • Do you know how much your Social Security Benefit will be?
      • How much do you need to save?
      • How will you bridge the gap?


      Debt Best Practices

      Pay on time every time! Call your credit card company and request a rate decrease. Transfer high rate balances and consoldate into a low interest loan. Clean up your credit report. Review your credit activity yearly.



      4% Rule

      You can withdraw 4% each year from a  balanced portfolio (60% stocks 40% bonds) over a 30-year retirement period with a high probability of success of not running out of money.

      1M portfolio x .04 = $40,000 per year.


      Reading List

      Lean In by Sheryl Sandberg

      Don’t Ask by Linda Babcock and Sara Laschever

      The Marshmallow Experiment

      4% Rule by Bill Bengen


      Action Plan

      Now is the time to review your accounts, to check for diversification, and to make sure your asset allocation matches your risk tolerance.

      So, what is the right portfolio for you?

      The asset allocation decision is driven by your risk tolerance.  Risk tolerance is actually a two-prong test.  It encompasses your willingness to take risk and your ability to take risk, which are sometimes at odds with one another.  Willingness is determined by how much portfolio volatility you are comfortable with, which is a subjective choice.   The ability to take risk is an objective determination based on a number of factors including, but not limited to, your goals, your cash flow needs, and tax considerations.   

        Would you like to know your risk tolerance score?


        We invite you to complete our online risk tolerance questionnaire. You will receive a personalized and comprehensive risk report. Once you have an idea of your risk number, you can give us a call and we will be happy to review the results and look over your investments to make sure your allocations are aligned with your risk profile


        Risk Tolerance Questionnaire

        Find out your personal risk capacity and risk tolerance.


        After reading through the information, you might still have questions. Call us.

        Social Security

        Get started with your account and access to your benefits information.

        Would you like to receive more tools, resources and education? 

        Sign Up

        In a couple of weeks we will have a secure portal for you to sign in and view the full Women’s Alliance Round Table presentation, along with questions and answers from coworkers, tools and downloads for your continued financial journey.

        Would you like to receive our informative Newsletter?

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        Platt Wealth Management offers financial plans to answer your important financial questions. Where are you? Where do you want to be? How can you get there? Our four-step financial planning process is designed to be a road map to get you where you want to go while providing flexibility to adapt to changes along the route. We offer stand alone plans or full wealth management plans that include our investment management services. Give us a call today to set up a complimentary review. 619-255-9554.

        Dream. Plan. Do.


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