When you give information to a company, that information is worth money. Whether it is an application for a credit card or a cell phone application, the information can (and often is) resold to others for a profit. You may be surprised at how much it is really worth. For example, a lot of the personal finance writers list their net worth and assets. Their asset information is worth $6.95. Basic information you’d supply for many applications can add up to over $100. SWIPE is an organization that you should request the value of the information you give to others as they will likely resell it and make a profit from it.
This calculator allows you to determine what your data bits are worth on the open market so you can request proper compensation when it is asked from you. For instance, a typical cellular phone company will ask for your address, date of birth, phone number, Social Security number and driver’s license to open a new account. Consult our data calculator and that will be $13.75 please!
Refer to this calculator when you interact with all businesses and government agencies. Make sure you get a cut of the profits from the reselling of your information.
Here is what your personal information is worth at the retail level according to the SWIPE Personal data calculator ranked in accordance to worth:
|Rank||Information||What It’s Worth|
|4||Unpublished Phone #||$17.50|
|10||Cell Phone #||$10.00|
|15||Social Security #||$8.00|
|19||Driver License Info||$3.00|
|19||Motor Vehicle Reg||$3.00|
|24||Date of Birth||$2.00|
|33||List of Vehicles||$0.70|
|34||Past Phone #’s||$0.50|
|38||Hunting & Fishing License||$0.25|
|38||Published Phone #||$0.25|