How Smart People Get Financially Catfished (with Nev Schulman)

The Stacking Benjamins Show

Joe Saul-Sehy and Josh ‘OG’ Bannerman, CFP

Education, Business, Money, Investing, Financial Planning, Cfp, Personal Finance, Retirement

4.4 • 2K Ratings

🗓️ 13 December 2021

⏱️ 67 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

"Hi there, I'm just calling to let you know that the extended warranty on your car...blah, blah, blah..." There are thousands of very real and sophisticated scams that rope people in every day. Nev Schulman is all too familiar with catfishing, experiencing it firsthand when he thought he was talking to a woman online but realized she wasn't who she said she was when they met in person. Now, he's partnered with Zelle to help others avoid financial scams. Today he shares red flags and helpful tips when dealing with financial transactions online. In our headline, we're talking about gold and silver under the mattress and how it turned into big trouble for one couple to the tune of a $300k IRS penalty. It turns out, storing gold and silver in your house is a no-no in this situation and we break down why, exactly what happened, and how you can avoid making similar costly mistakes. We'll also help Rina, who has a question about fees within mutual funds. Enjoy! Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	Brings smiles to all when shopping online with Dell Technology's gift guide.
0:04.1	Whether it's for the artist, the entrepreneur, the student, the streamer, or the gamer,
0:07.6	you'll find the perfect gift for everyone on your list.
0:10.4	Dell.com-slash-gift-guide makes gifting easy with a carefully curated selection of our best tech.
0:17.1	Shop now to explore innovative laptops and desktops, and this season's top accessories plus,
0:22.8	get select savings on impressive PCs like the XPS 13 laptop powered by the latest Intel core
0:28.9	processors. Visit Dell.com-slash-gift-guide today for details and to get a jump on your holiday
0:34.5	gift list, that's Dell.com-slash-gift-guide.
0:40.8	It's Monday, OG, and you know what that means? It's time to party.
0:45.3	It is time to drink coffee. It's actually time to party with...
0:48.9	It's almost my birthday. The troops. Almost time to party with the troops.
0:53.0	Because we had the Army Navy game on this last weekend, and you know, it was a big game,
0:59.1	but way to go... It's obviously a Navy.
1:01.4	But even if you're feeling down on behalf of Navy Federal Credit Union,
1:06.1	a big shout out to the men and women in our armed forces, let's all go Stax and Benjamin.
1:11.6	Let's all go Stax and Benjamin's together, shall we?
1:14.2	Easy for you to say.
1:17.0	Where's the kaboom? There was supposed to be an earth-shattering kaboom.
1:22.7	Live from Joe's Mom's Basement, it's the Staxing Benjamin Show.
1:41.6	I'm Joe's Mom's Neighbor Doug, and if you ever been cat-fished these days,
1:45.9	that means when some lovely lady or lad on a social media app wins your heart with their
1:51.0	texts, has you send them your deepest, most embarrassing playlists, and then turns out to be
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Joe Saul-Sehy and Josh ‘OG’ Bannerman, CFP, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Joe Saul-Sehy and Josh ‘OG’ Bannerman, CFP and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.