EP235 How to Protect Yourself from the Romance Scam

March is fraud prevention month in Canada, but we should be careful all year round. Scammers are sophisticated and innovative in their craft, making it very hard to know what is real and what is not. So, in this episode, I will be sharing steps you can take to avoid being swindled out of your money through a romance scam.

Listen in as I explain the importance of checking the legitimacy of investments and why you should never trust unsolicited opportunities. You will learn key red flags to be aware of when it comes to romance scams, why talking about your situation to others is crucial, and why you should report cyber-crime when you spot it.

“If someone you have never met is pressuring you to send money, don’t be afraid to say NO!“ – Tracey Bissett

This Week on Young Money:

• How to spot a scammer.
• Why we should be careful of unsolicited opportunities.
• The importance of checking the legitimacy of an investment.
• Why you shouldn’t trust phone numbers that have been given to you online.
• Several red flags to watch out for.
• Reasons you should report a scam.
• Who to report a scam to.
• What to do if you have already given money.

Key takeaways:

1. Do your due diligence.
2. Be careful with online apps.
3. Keep records of online conversations.
4. Research photos.
5. Report crime if you see it.

Resources Mentioned:

Rate, Share & Inspire Other Young Millionaires-in-the-Making 

Thanks for tuning into the Young Money Podcast – the advice show for young millionaires-in-the-making! If you enjoyed this week’s episode, head over to Apple Podcasts and leave us a rating and review. Visit our website to learn how easy it is to leave a review on Apple Podcasts.

Don’t forget to share your favorite episodes on social media! 

Follow the Young Money Podcast on iTunes so you never miss an episode and reach out to us on Facebook, Twitter, LinkedIn, our LinkedIn Company Page, or by visiting our website.

Check out this episode!