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Money Rehab with Nicole Lapin

Inside a Romance Scam: “I went from the happiest I'd ever been to hitting rock bottom.”

Money Rehab with Nicole Lapin

Money News Network

Education, Self-improvement, Business

4.61.7K Ratings

🗓️ 17 June 2023

⏱️ 30 minutes

🧾️ Download transcript

Summary

Originally aired 6/20/22 The incidence of catfishing, also known as romance scamming, has dramatically increased over the course of the pandemic. The FBI stated that there were over one billion dollars lost in romance scams last year, and reports of romance fraud reported to the Federal Trade Commission rose a whopping 80%. With scams on the rise, it’s more important than ever to protect yourself— and to know how to recover financially if you do fall victim to a scam. In Money Rehab episodes 329 and 330, Nicole talks to Rebecca, who lost over $100,000 in a romance scam. Rebecca shares the mechanics of her scam, and the financial and emotional toll.  If you are involved in a romance scam, you can find help here: https://www.facebook.com/SHUisteamwork/  If you or someone you know is experiencing thoughts of suicide, you can find resources here: https://suicidepreventionlifeline.org/

Transcript

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0:00.0

I am so excited you head up to Big Sur with my husband this fall. We are celebrating our anniversary,

0:06.4

and while I will miss the little mush so much, we are also really excited to have a little

0:13.1

parents' time. We deserve that. But you know, it got me thinking about this feeling when you walk

0:17.8

out of the door for a trip and you wonder what your blaze is doing while you're

0:21.2

gone? Well, it turns out it could be working for you. I've been hosting on Airbnb for forever now,

0:27.1

and I tell all of my friends to do the same because it's an amazing way to make passive income

0:31.7

from an asset you already have, your home. But some of my friends who are super busy worry that

0:37.2

hosting on Airbnb would feel like

0:38.7

having a second job. And that's when I tell them about Airbnb's co-host network. Anything you don't

0:43.9

have the bandwidth to do, a co-host can handle for you. They can create your listing, manage reservations,

0:49.9

manage guests, provide on-site support, even handle design and styling.

0:54.3

So whether you're traveling for work or you're escaping the winter, or if you have a second

0:58.4

place that just sits empty way too often, your home doesn't have to sit on the sidelines.

1:02.9

Instead, you can earn a little extra cash without adding another job to your plate.

1:07.9

Find a co-host at Airbnb.com slash host. Hey guys. Are you ready for some money rehab?

1:15.4

Wall Street has been completely upended by an unlikely player. GameStop.

1:20.2

And should I have a 401k?

1:22.1

You don't do it? No, I know.

1:24.4

Girl. And you think the whole world revolves around you and your money?

1:28.3

Well, it doesn't.

1:29.3

Charge for wasting our time.

1:33.3

I will take a check.

...

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