EPISODE · Jul 14, 2020 · 32 MIN

E7 - Can You Avoid Financial Scams?

from Financial Father and Son · host Financial Father and Son

In this episode, we discuss our experiences with scams and whether they can be avoided. Specifically, we cover the FOMO that sells online courses, experiences with commercial property schemes that turned out to be Ponzi, and the best way to confirm whether a so-called investment is legit or not. Episode summary: [00:49] The financial independence dream being sold by online gurus. [04:13] Our experience with being scammed. [04:58] Online course marketing should be regulated. [08:12] Commercial property buying scheme turned out to be Ponzi. [12:06] Testimonials for online courses may not always be real. [15:28] Investments should not come to your desk (most of the time). [20:53] Cold callers about investments are usually pure salespeople, and are not investment advisors. [23:33] Diversification through the stock market. [26:38] Can you check if an investment is legit? [31:15] Main takeaway from the episode. Twitter: FinancialSon Email: [email protected]