09.17.24 Back To Basics: SAVE MORE / A New Wave Of Ponzi Schemes

Today - we are going back to basics on saving. Recent stats are cause for concern about consumer spending and our average saving rate. Also, there’s a surge in Ponzi schemes stealing hundreds of millions from would-be investors. Clark relates real accounts of recent schemes and the red flags to look out for.  

• Saving-First And Automatically: Segment 1
• Ask Clark: Segment 2
• Ponzi Schemes: Segment 3
• Ask Clark: Segment 4

Mentioned on the show:

• Americans’ Savings Rate Plummets Amid Summer Spending
• How To Save Money: Spend Less & Build Your Savings
• Using Cellular Data Internationally: Buying a Local SIM Card
• Roamless: Global eSIM for Travel Internet, eSIM App
• Google Fi Review: My Experience as a Five-Year Customer (Pros and Cons)
• https://duckduckgo.com/
• Thinking about rooftop solar? 4 things to consider and how to protect yourself
• How Solar-Friendly Is Your State? We Scored Them All
• Best Travel Credit Cards: Top Rewards Picks for 2024
• When Interest Rates Go Down, the Hucksters Spring Up - The Wall Street Journal.
• Brothers, SEC reach a deal in alleged scheme
• Brothers accused of operating $61M Ponzi scheme
• Receiver searching for assets in alleged Ponzi scheme
• $300M Ponzi Scheme Prompts Freezing Of Assets For ATL Businessman: SEC
• FTC and Florida Act to Stop ‘Trucking Automation’ Scam RivX That Took Millions of Dollars From Consumers

Clark.com resources

• Episode transcripts
• Community.Clark.com
• Clark.com daily money newsletter
• Consumer Action Center Free Helpline: 636-492-5275



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