A Money Coach in Canada

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You online bank, right? Or have digital assets that require a password?

Yesterday I sat in on a lecture given by a lawyer who gave some quick, good reminders about passwords.

First – little known fact: technically, your password is comprised of both your user name and your password. For the first time it occurred to me that choosing a clever user name would also contribute to online security.

Now, to the worst kinds of passwords:

  • A word. Choosing just a word is low-level security. More on this below.
  • Names of pets
  • Your own name (d’oh)
  • The actual word Password (again, d’oh!)
  • Your date of birth

Want to super-duper make a nearly unbreakable password?

  • Include #s. That means the attacker now has to contend not only with 26 letters of the alphabet (and all the ways they can be combined) but also with 0-1-2-3-4-5-6-7-8-9 which could be just 1 or 10000000000+.
  • Use a nonsense word. That way no dictionaries can provide the word to the attacker.
  • Best of all, the super-duper part, include symbols, like $ or ^ or * – any of the ones on this list should work.
  • There are 26 letters of the alphabet, 10 numeric digits and 128 pretty much universally recognized symbols with which to form your password. By the time you include some symbols, there is a Power-to-the-Nth (remember that? – no! nothing to do with E. Tolle!) factor that makes your password very, very difficult to break.

    And that, my friends, is your simple money coaching tip for this month.
    Have at ‘er.

    Photo Credit: Elsamuko

About the Author


Imagine if Canadians were known for being all over their money. Engaged. Proactive. Getting out of debt. Savvy. Saving. Generous. Nancy wants to help. Nancy started her own journey with money over 15 years ago, and formed her company “Your Money by Design” in 2004 to help others along the same path. It’s not the usual financial advising/investment stuff. It’s about taking control of day-to-day finances –managing monthly cashflow effectively, spending appropriately, getting out of debt, saving. If you're ready to take control over your finances, pop by her business site, YourMoneybyDesign.com

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