The Ramsey Show Don’t Wait for Someone Else To Fix Your Life
Feb 17, 2025
In this engaging discussion, a caller seeks guidance on helping their mother recover from a devastating romance scam that resulted in a massive financial loss. The chat delves into the emotional toll of such exploitation and emphasizes the need for compassion and mental competency. Other intriguing topics include the challenges of navigating family dynamics and entrepreneurship, the impact of tariffs on consumers, and the significance of financial independence for older adults. Listeners gain valuable insights into relationships, caregiving, and achieving financial stability.
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Romance Scam
- Allison's 71-year-old mother lost $1.2 million in an online romance scam.
- The scammer disappeared after the bank flagged a large transfer, but smaller transactions went unnoticed.
Handling Scam Victims
- Treat individuals who've fallen for scams with limited competency, especially financially.
- Provide for their basic needs, but avoid giving them direct access to resources.
Recovering Scam Money
- Recovering money lost in online scams is challenging and often requires specialized help.
- Private investigators with experience in these cases might be necessary, but are expensive.
