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The Stacking Benjamins Show

Financial Self-Defense: Techniques for Outsmarting Scammers

The Stacking Benjamins Show

Joe Saul-Sehy | Cumulus Podcast Network

Investing, Business, Self-improvement, Education

4.21.9K Ratings

🗓️ 12 July 2023

⏱️ 66 minutes

🧾️ Download transcript

Summary

Is it really human nature to believe what we're told at first pass, but then start to doubt after the conversation ends? Should we be more doubtful from the get-go? Today we welcome to the basement two men who want to share how to avoid getting sucked into false promises, hoodwinked by snake oil salesmen, and bamboozled by smooth-talking neighbors who have a sweet El Camino: Doctors Daniel Simons and Christopher Chabris. In today's headline, we question the legitimacy of the advice given by a more off-the-beaten-path new source. This gives us a chance to put our critical hats on and have a larger discussion about vetting your news sources, how to spot red flags that raise eyebrows, and a few telltale signs that the piece was, at least in part, probably written by ChatGPT. We throw out the Haven Lifeline to Lucas who wants our take on how to correctly calculate the tax basis on shares of stock that were purchased at a discount through an employee stock purchase plan ("ESPP"). And Doug has some explosive trivia! FULL SHOW NOTES: https://www.stackingbenjamins.com/deception-code-Daniel-Simons-and-Christopher-Chabris-1381 Deeper dives with curated links, topics, and discussions are in our newsletter, The 201, available at https://www.stackingbenjamins.com/201 Enjoy! Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

I just learned to discover credit cards, do something pretty awesome.

0:04.0

At the end of your first year, they automatically double all the cashback that you've earned.

0:08.5

That's right, everything you earned doubled.

0:11.7

All the cashback from eating your favorite soup dumpling restaurant?

0:14.9

Doubled.

0:15.9

All the cashback from the trip where you is, or to learn to snowboard?

0:19.8

Also doubled.

0:20.8

And the best part, you don't have to do anything ridiculous to get it.

0:23.5

Nope, discover does it automatically.

0:25.4

Seriously, though, see terms and check it out for yourself at discover.com slash match.

0:30.0

Hey, there stackers in Des Moines, Iowa, and in Minneapolis.

0:34.7

I am coming to see you, not them, you, and I wanted to add something here from the editing

0:41.3

bay before we press play on today's episode.

0:44.2

I am going to be in Minneapolis on July 17th.

0:47.4

That is true.

0:48.4

We also know I'll be at prize brewing now, PRYES.

0:52.0

That is in Minneapolis stackupedgements.com slash Minneapolis to go to our event bright to sign

0:58.2

up.

0:59.2

But you know what?

1:00.2

If you can't make it to the event bright, and last many got nothing to do, just come on

1:03.6

and say hi.

1:04.6

I would love to reprise what we did last year, Minneapolis.

...

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