#62 - The High Emotional Cost of Being Scammed

In the past when I read stories about scams, I often wondered how people could be so gullible. I assumed that the victims of fraud were the elderly or less educated, had suffered a recent loss of a loved one or who were isolated.  While there is some data suggests that one in five over age 65 have been targeted by email scammers, being scammed can happen to anyone.  Nobody is immune to fraud and sometimes people simply fall for scams due to the psychological techniques employed by fraudsters. Falling for a scam is not about the money.

A podcast that blends the nuts and bolts of financial advice with the emotions that drive making them.
Rick Kahler, CFP®, CFT-I™, has helped people make better money decisions by integrating financial planning. He blends the nuts and bolts of financial advice with the emotions that drive making them and shares them on his financial therapy podcast.