When we envision the type of person who falls for a financial scam, there are usually a few key characteristics that come to mind:They may be elderly, using a landline phone, or in a state of panic as the person on the other end of the line informs them that if they don’t hand over $10,000 immediately, they’ll be arrested. But those stereotypes are just plain wrong.
Charlotte Cowles, the Cut’s financial advice columnist and a longtime freelance business columnist for The New York Times, fell for an elaborate new scam that involved Amazon, the FTC, threatening her child, and handing a box with $50,000 in cash through the window of the backseat of a car.
In Mailbag, we hear from a listener who’s wondering what the difference is between an hourly financial advisor and one that charges a flat fee. We also address how to shop around for title insurance when you're buying a home. In our news of the week, we talk about the big changes coming to the commissions we pay when we buy and sell homes, what the producer price index (or PPI) coming in hotter than expected means, and a new study about how Americans are feeling about their finances.
Takeaways
Chapters
00:00 News You Can Use
6:43 Charlotte's experience
12:15 Psychological tactics used by scammers
28:32 Red flags to look out for if you think you’re being scammed
32:43 Mailbag with Julia Chatzky
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Ep 349: From Buyer Beware to Buyer Aware
Ep 348: The Rising Cost of Healthcare & How To Manage
Ep. 347: Making (Shelf) Space for Black-Owned Businesses
Bonus Mailbag #39: Inflation & Layoffs
Ep. 346: How An NFL Linebacker Manages Money
Ep 345: Why Women Business Leaders are Good for Companies — and the World
Ep 344: Retire with Wealth, Health, and Purpose
Ep 343: How to Protect Yourself From Online Harassment
Bonus: How to Change Your Money Habits
Ep 342: The Past, Present, and Future of Investing
Ep 341: From Quiet Quitting to a Job You Love
Ep 340: What Pop Finance Gets Right and Wrong
Ep 339: The Gender Pay Gap, Revisited
Ep 338: Inside the Mind of a Good Manager
Ep 337: How to Negotiate Fearlessly
Bonus: Fine Wine on a Budget
Ep 336: Investing by Women, for Women
Ep 335: Speak Up: How to Call Out Gender Bias in the Workplace
Ep 334: Ambition Is Not a Dirty Word
Ep 333: Data-Proven Ways to Build Wealth
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