How to spot and avoid scams

This week, we’re dissecting the art of the modern scam. We’ve all experienced the subtle unease of a pitch that just doesn’t feel right, but in an era where the line between marketing and deceit is dangerously thin, it’s important to stay aware so you don’t get hoodwinked and bamboozled.

We Discuss:
-Why we need to stop confusing charm with legitimacy
-How corporations are now using MLM tactics
-Why companies who use hard-sells aren’t actually interested in your problems.
-Why financial fraud is about to hit an all time high and what to do about it.
-Why it’s important to know the history of your “expert”
-How fake reviews and stock photography can get you into trouble
-Why anonymous instructors should raise a red flag
-That sometimes the product isn’t the product and it’s a recruiting tactic instead.
-And lastly how not having a password manager is as foolish as a newborn walking in the street (or at least that’s how Julien sees it).

Key Takeaways:
-The “free speech” era will unleash more digital scammers
-Learn to differentiate between a legitimate business and a scam, and where your responsibility lies in the purchase.
-Urgency is a primary tool of manipulation.
-Overly charismatic personalities and flashy presentations are not proof of legitimacy.
-You should be able to see who you’re giving money to, not just the brand’s face.
-Real testimonials are verifiable, they’re not based on stock photography and manufactured bots.
-The best defense against manipulation is informed skepticism.
-That sometimes if you can buy a product, you’re being used to recruit.
-You must prioritize password changes and offline time as a preventative measure.

Links:
Financial technology toolkit (FREE DOWNLOAD)
http://www.richandregular.com/fintechtoolkit

The five levels of hype
https://johannesklingebiel.de/2022/01/12/hype-as-a-scale.html

About the Hosts:
Julien and Kiersten Saunders are the hosts of the rich & REGULAR® podcast. New episodes are published weekly on YouTube, Apple Podcasts, Spotify and other streaming platforms. Julien and Kiersten are also the authors of Cashing Out: Win The Wealth Game By Walking Away, named 2023 best overall book about investing by Business Insider and one of the best personal finance books by Forbes. To learn more and purchase the book, visit https://richandregular.com/cashingout/

To contact us, send an email to hello@richandregular.com

Learn how to invest in five hours:
Need to know more about investing in the stock market? Visit https://richandregular.com/learn/ to sign up for Making Money Grow. We’ll teach you everything you need to get started and build wealth in just five hours.

Not ready yet? Then join our mailing list where you’ll receive bi-weekly updates from us, opportunities for discounts, freebies and a quick rundown on the relevant financial and career news impacting your life.
Sign up here: https://richandregular.us19.list-manage.com/subscribe?u=ea4c6332a691ba7e83c195da7&id=dc61f8cd92

Follow us on social media:

Instagram: https://www.instagram.com/richandregular/
Facebook: https://www.facebook.com/richandregular
Linkedin: https://www.linkedin.com/company/52189314/
X/Twitter: https://twitter.com/richandregular

source