EP299 Are You Being Taken Advantage of Financially?

Are you unknowingly falling prey to a troubling trend of financial exploitation in your platonic or romantic relationships? This summer has been an eye-opening experience for me, as I’ve witnessed and heard countless stories about individuals facing financial exploitation. It’s a concerning trend that we need to address and reverse, and that’s precisely what we’ll tackle in this episode.

Throughout my years of experience in personal finance, I’ve helped many people navigate these tricky situations. Today, I’ll share insights into identifying red flags that may indicate someone is taking advantage of your financial standing. We’ll dive deep into the subtle and more obvious signs of financial exploitation and equip you with the tools to protect yourself and your financial well-being.

“Sometimes other people can see situations more clearly than we can.” – Tracey Bissett

This Week on Young Money:

• How to identify warning signs of financial manipulation in your relationships.
• Strategies to assert yourself confidently and set healthy boundaries when faced with situations of financial exploitation.
• The importance of speaking up in the moment and how to approach the conversation with confidence.
• Practical steps to take after an incident of financial manipulation.
• How to navigate potentially uncomfortable conversations.
• How to ensure your financial well-being by taking charge of your finances and making informed decisions for the future.

Key takeaways:

1. Recognize the warning signs. 
2. Assert yourself with confidence.
3. Engage in uncomfortable conversations.
4. Take charge of your finances.

Resources Mentioned:

• EP103 Are you a financial bully?
• EP158 Milli Moves: Mind Your Own Business About Money
• EP182 Love and Money: Escaping Financial Abuse with Samra Zafar
• EP235 How to Protect Yourself from the Romance Scam
• EP236 Good Investment or Investment Scam?
• EP237 Fun with Fraudsters
• EP271 Mental Health & Money
• EP282 Love & Money: Financial Infidelity

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