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The Setup:

How do you protect yourself and your finances against the various different forms of fraud out there? On today’s show, we’ll discuss different types of scams and what you should be doing to keep yourself safe.

The Combination and Key Points: 

Fraud can mean a wide range of scams: identity theft, spam, marketing gimmicks, and more. We want our clients and everyone out there to be aware of the tactics that could pose a threat to your finances.

Unfortunately, a lot of people fall for these creative and sophisticated scams. If we aren’t careful with these things there can be disastrous consequences. We’ve even experienced fraud attempts directed at our clients. Thankfully we have many safeguards in place to protect them. What should you be doing to protect yourself?

If you ever receive a questionable email, make sure you are doing your due diligence before responding. Some scammers have perfected copying emails from your contacts. The IRS will never call you to ask about personal information. They almost always correspond through letters in the mail. If something seems off, it probably is.

Something seems too good to be true when it comes to your finances? There are investments out there that are basically Ponzi schemes, so be careful. Google the companies you are thinking about working with. We’ll help you when you are making these considerations too.

When protecting your finances and your identity there are tools that can be useful. Do you research or speak with your advisor about the best options available. Looking at tools, monitoring your credit report, and taking precautions are the best way to prevent a problem

If you have any questions, please reach out to us at https://www.baschrock-fg.com/ or give us a call at 330-473-1060

To hear more you can listen to the full episode or use the timestamps below to find a specific segment.

0:38 – Umbrella of Fraud

1:54 – Fraud with a client

3:14 – Protecting our clients

4:41 – Ben’s story about fraud

7:24 – Careful about emails

8:38 – Scams through the phone

10:02 – Seems too good to be true?

12:12 – Do they make promises?

13:14 – Using a preventive cause

Key Quote: 

If it sounds too good to be true, there’s got to be a catch… You can never be too sure when it comes to your money.

Thanks for listening to another episode of Unlocking Your Financial Future. We’ll talk to you again next week!


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