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Afford Anything

Q&A: How to Spot Investment Scams Before You Lose Everything

Afford Anything

Paula Pant | Cumulus Podcast Network

Investing, Business, Entrepreneurship

4.63.4K Ratings

🗓️ 12 August 2025

⏱️ 77 minutes

🧾️ Download transcript

Summary

#633: Paul is worried the private equity investment he’s about to make could be a scam. How can he do his due diligence and stay protected when there’s a shortage of reliable information? Rob is questioning the purpose of a bond allocation in his eight-figure investment portfolio. Is he on to something, or is there a legitimate case to add them? Dan can retire in a few years, but he’s itching to do it now. Would buying a business be the key to unlocking an earlier exit from his W2? Former financial planner Joe Saul-Sehy and I tackle these three questions in today’s episode. Enjoy! Resources: Interview with Dr. Eric Cole Interview with Katie Gatti Tassin P.S. Got a question? Leave it at https://affordanything.com/voicemail For more information, visit the show notes at https://affordanything.com/episode633 Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

Joe, when you were a financial planner, did you ever have clients who got scammed in any kind of wire fraud scheme?

0:06.0

Man, I got very lucky. We never had that happen. We had a few people that got the phone calls.

0:12.3

But you know what? We never came close. Everybody that I worked with was lucky enough to not have to happen.

0:18.4

You know, I got a creepy phone call the other day, actually, from somebody who was like... I think you were saying from you. No, someone who called and they wanted to talk to me about my Bank of America card. And I was like, I don't have a Bank of America card. Yeah. And then I got super paranoid when I hung up because I was like, was that one of those AI where they called just to get the AI of your

0:39.2

voice? But if any, I mean, if anyone wants the AI of my voice, I've got like a thousand hours

0:44.4

of podcast in the public record. Yeah, it might be a few files. This is the most creative one that I've

0:49.4

gotten lately. Yeah. I got a docu sign returned to me saying that the document's been completed, click here.

0:56.1

Ooh.

0:57.1

With all the docu sign verbiage and everything.

1:00.4

And I'm like, docu sign, what?

1:02.3

I mean, it was very official looking.

1:04.5

Yeah, so-and-so countersigned the document, click here.

1:08.1

Yikes.

1:08.9

Man, you can never be too careful.

1:11.4

Well, we're going to tackle a question today from a listener who might have had a very

1:16.5

close call with a potential wire fraud scheme and wants to know what he can do to protect

1:21.8

himself against future potential fraud.

1:24.1

We're also going to hear from a listener. This is like, can you use a audio testimonial as a

1:31.5

success story? He took my advice and his net worth is up $3 million. I mean, cheers to him for,

1:38.8

he's the one who did the work, but wow. So listen to this show. It can be worth a lot is what I got to say to that. And finally,

1:47.4

we're going to take a call from a listener who wants to know if we can put the E in entrepreneur.

1:53.5

All that? All that in one episode. Welcome to the Afford Anything podcast, the show that

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