Do you lock your doors at night? I am sure you do. You know that many locks can be picked or worked around to gain entry. You do it anyway because not to is just not prudent.
In the virtual world of technology the password is the lock. We put as strong as possible password on our accounts- think Medeco- and hope for the best. Of course, the analogy ends in that in the physical world we have police and security to supplement our locked doors. Not so in the virtual world. Its still the virtual Wild West.
How can you construct a lock that is as strong as a bank vault? Today most people are moving beyond managing passwords individually and using Password Managers. Roboform or 1Password have password generators that will create and store your passwords. All you need to know is your master password. Password mangers will even sync between all your computers.