WEBVTT - Scam Likely (BA Q&A) 0:00:05.240 --> 0:00:09.080 It's time for the b a qa a to be 0:00:09.280 --> 0:00:12.720 a qa What to say, it'd be a q a man, 0:00:13.400 --> 0:00:19.239 be a q a tiffin, the b a qa a Hey. 0:00:19.040 --> 0:00:22.040 Man, are you doing rural? Hello? I'm doing great. I 0:00:22.079 --> 0:00:23.720 don't know why I'm British, but here it is. 0:00:24.560 --> 0:00:26.439 If you want to do this, the disclaims that people 0:00:26.440 --> 0:00:27.120 don't sue us. 0:00:27.160 --> 0:00:29.760 Oh yes, please get to salt shakers out, y'all, and 0:00:29.800 --> 0:00:32.040 please take everything we say in the ba q and 0:00:32.080 --> 0:00:35.000 a with a huge dose of salt, because we are 0:00:35.000 --> 0:00:39.319 not your financial advisors, your planners, your investment advisors, your 0:00:39.320 --> 0:00:42.040 insurance brokers, your mom and your daddy, your auntie, your 0:00:42.120 --> 0:00:44.040 lawyer or your attorney, any of that. We are your 0:00:44.040 --> 0:00:44.919 financial besties. 0:00:45.320 --> 0:00:46.200 What do you usually say? 0:00:46.240 --> 0:00:47.720 We're gorgeous, we're smart. 0:00:47.720 --> 0:00:51.400 Yes, we're all things, but we are legally like bound 0:00:51.440 --> 0:00:51.600 to you. 0:00:52.000 --> 0:00:55.000 Yeah exactly. Okay, so don't come for us, Just enjoy, 0:00:55.280 --> 0:00:56.920 enjoy some of this tea that we are about to 0:00:56.960 --> 0:01:01.240 spill about your financial and your career questions. Yeah, today 0:01:01.720 --> 0:01:04.560 the theme is money, and today the theme is what 0:01:04.600 --> 0:01:05.880 are we calling it? Red flag? 0:01:06.200 --> 0:01:06.720 Yeah? 0:01:06.800 --> 0:01:09.480 Yes, red flags, financial red flags. 0:01:09.720 --> 0:01:10.039 Yes. 0:01:10.560 --> 0:01:12.280 So this has come up a lot. So this is 0:01:12.280 --> 0:01:13.720 actually not from the mailback, but this has just. 0:01:13.640 --> 0:01:15.560 Come up a lot. Me and Mandy we're talking like 0:01:15.600 --> 0:01:16.880 you know, kiki and giggling. 0:01:16.880 --> 0:01:20.200 We always do on like some of the some of 0:01:20.240 --> 0:01:22.720 the goings on in our community. When it comes to 0:01:22.840 --> 0:01:25.520 scam it feels like, right, Mandy, in the last especially 0:01:25.600 --> 0:01:30.080 during COVID and beyond, a big uptick in scamme rations. 0:01:30.440 --> 0:01:36.640 Yeah, especially around financial I mean financial and business and 0:01:37.360 --> 0:01:41.160 finances in business. And by that it's like do this 0:01:41.240 --> 0:01:44.440 thing to get rich, do this thing to start your 0:01:44.480 --> 0:01:46.679 own business, or do this thing so you never have 0:01:46.760 --> 0:01:49.160 to work again. And it all sounds really too good 0:01:49.200 --> 0:01:52.400 to be true. But I guess the scam that like 0:01:52.440 --> 0:01:54.120 we're going to talk about today, or you're gonna talk 0:01:54.120 --> 0:01:55.960 about because you're going to educate me on it is 0:01:56.280 --> 0:02:00.200 like a case of a celebrity lends their face to 0:02:00.240 --> 0:02:02.840 what turns out to be a scam. That's when your 0:02:02.880 --> 0:02:03.800 team fails you. 0:02:04.040 --> 0:02:06.000 And I know Rose and Logan would never put you. 0:02:06.160 --> 0:02:08.760 And here's the thing. 0:02:08.919 --> 0:02:12.600 So so in our space, like Mandy and I really like, 0:02:12.639 --> 0:02:15.760 well Mandy you know is new to the other side 0:02:15.840 --> 0:02:17.920 of the financial education space. You know, she was on 0:02:18.000 --> 0:02:20.960 like the like the corporate side at you know, as 0:02:21.000 --> 0:02:23.040 a as an editor working at Yahoo Finance, like on 0:02:23.080 --> 0:02:26.160 the journalists side, and then I've been on the like 0:02:26.280 --> 0:02:30.040 I guess, the personality side of personal finance. 0:02:30.360 --> 0:02:32.480 You know, it seemed then, you know, people kind of 0:02:32.480 --> 0:02:34.240 are on the up and up right. I don't know that. 0:02:34.639 --> 0:02:36.280 I remember one time you did say there was an 0:02:36.360 --> 0:02:38.200 article you had to make sure like looking at bank 0:02:38.200 --> 0:02:42.080 accounts because someone had lied about how much they made 0:02:42.120 --> 0:02:42.400 in a. 0:02:42.400 --> 0:02:43.519 Business or something like that. 0:02:43.880 --> 0:02:46.120 You know, man, so you had to be you know, 0:02:46.120 --> 0:02:47.600 but that was the biggest thing back then. It's like, 0:02:47.639 --> 0:02:49.200 oh I made more than I said. It was like, 0:02:49.320 --> 0:02:51.000 show me your bank account in order for me to 0:02:51.400 --> 0:02:53.919 you know, write this article. Now the girls are out 0:02:53.919 --> 0:02:57.960 here like every type of investment, like on the total 0:02:58.160 --> 0:03:01.480 real estate fund, and that guy who you know, I 0:03:01.480 --> 0:03:03.480 think he collected like twelve million dollars worth of business 0:03:03.480 --> 0:03:07.680 has basically lost it all. And there's just so many 0:03:07.760 --> 0:03:11.919 financial scams where you know, people promised she among us 0:03:11.919 --> 0:03:16.720 returns you know, uh Bernie made out as scams where 0:03:16.760 --> 0:03:20.280 it's it's period scam, period schemes. And the worst is 0:03:20.320 --> 0:03:24.560 like these scams where they will tell you periods a 0:03:24.560 --> 0:03:25.560 pyramid look at me period? 0:03:25.639 --> 0:03:34.120 Who child that period? Oh my god? Where of those? 0:03:34.160 --> 0:03:35.520 Those are interesting pyramids? 0:03:37.160 --> 0:03:38.360 I mean, I pay you a lot of money if 0:03:38.360 --> 0:03:40.080 he promised me, I never had to have one again. 0:03:41.400 --> 0:03:45.120 Pyramid schemes, right, but recently. 0:03:44.800 --> 0:03:47.680 I'm like, so you also you've really meant Ponzi. 0:03:47.840 --> 0:03:51.160 But Ponzi yeah, no word pyramid skins. You know, the pyramid. 0:03:50.920 --> 0:03:53.680 Schemes like Bernie made Off wasn't a pyramid. He was 0:03:53.680 --> 0:03:54.240 a ponzi. 0:03:54.600 --> 0:03:56.360 Yeah, he was a ponzi. I didn't mean ponzi. But 0:03:56.400 --> 0:04:00.000 also pyramid is that is a scam? It is, right, Yeah, 0:04:00.400 --> 0:04:01.880 But there's all these games happening. 0:04:02.040 --> 0:04:05.920 And so the most reason one that that has gotten 0:04:05.960 --> 0:04:08.720 like really blown up is DJ Envy. 0:04:08.800 --> 0:04:11.360 He is a very popular DJ on the Breakfast Club. 0:04:11.640 --> 0:04:14.320 And club boys are always getting into trouble. 0:04:14.840 --> 0:04:17.080 So you know, well, you know, Charlemagne is just because 0:04:17.160 --> 0:04:24.320 his mouth. But he partnered with the along with Penias Is. 0:04:24.360 --> 0:04:29.039 He partnered with I guess a gentleman named mister Penias 0:04:29.080 --> 0:04:31.960 and he was like, I guess he was a real 0:04:32.080 --> 0:04:36.840 estate investor and he you know, DJ Envy promoted him 0:04:36.839 --> 0:04:37.480 on the platform. 0:04:37.640 --> 0:04:39.520 It seems like they partnered. I mean this is all. 0:04:39.440 --> 0:04:44.280 Alleged because you knows. And so mister Pinias then went 0:04:44.320 --> 0:04:48.560 ahead and basically it seemed seemingly has taken the money 0:04:48.640 --> 0:04:50.880 and not done what he said he was gonna do. 0:04:51.160 --> 0:04:53.599 As I read a little bit deeper, it seemed like, 0:04:53.680 --> 0:04:55.480 and I mean, I have been victim of a scam too. 0:04:55.480 --> 0:04:57.760 We're gonna talk about kind of like the breakdown of scams, right. 0:04:58.080 --> 0:05:00.280 Is that you would, don't you know, you you would 0:05:00.440 --> 0:05:02.320 invest whatever amount of money and you were supposed to 0:05:02.320 --> 0:05:05.039 get thirty percent, like you know, from the project. So 0:05:05.120 --> 0:05:07.000 it was like, you know, you invest fifty thousand dollars 0:05:07.400 --> 0:05:09.800 he was supposed to buy you know, use that money 0:05:09.839 --> 0:05:13.039 to write homes or other commercial properties or whatever, and 0:05:13.080 --> 0:05:15.479 then you would get thirty percent you know of like 0:05:15.600 --> 0:05:18.800 you know, whatever that investment was going to yield. Which 0:05:18.839 --> 0:05:20.719 as I did dug a little deeper, people were like, 0:05:20.720 --> 0:05:23.720 that doesn't actually make sense to get thirty percent because 0:05:23.760 --> 0:05:25.560 if you were to like borrow money from a hard 0:05:25.560 --> 0:05:28.880 money lender. So a hard money lender is someone who 0:05:28.960 --> 0:05:30.800 has a bunch of cash, and you're a real estate 0:05:30.800 --> 0:05:34.359 investor and you don't have the cash, and so you say, hey, Mandy, 0:05:34.800 --> 0:05:37.120 can I get one hundred thousand dollars from you, and 0:05:37.200 --> 0:05:39.480 in a month, when I fix up the property and 0:05:39.520 --> 0:05:41.919 sell it or whatever, I'll give you your hundred thousand 0:05:41.960 --> 0:05:43.680 dollars back plus ten percent, which is a lot of money. 0:05:43.720 --> 0:05:45.320 So you get one hundred and ten thousand dollars back 0:05:45.400 --> 0:05:48.160 or you get the property back. So if a hard 0:05:48.200 --> 0:05:52.880 money lender it's about ten fifteen percent. Why would I 0:05:52.920 --> 0:05:55.159 do an investment with somebody and give them thirty percent 0:05:55.200 --> 0:05:57.080 when I could just do a hard money lender, which 0:05:57.120 --> 0:06:00.680 is easier quote unquote, And so those numbers basically adding up, 0:06:00.800 --> 0:06:02.800 and sure enough they didn't. A lot of people lost 0:06:02.839 --> 0:06:04.599 a lot of money. But the reason why it's blowing 0:06:04.680 --> 0:06:08.240 up is that DJ Envy is famous, you know, breakfast clubs, 0:06:08.560 --> 0:06:13.440 like lots of views, and it's like, how did you 0:06:13.480 --> 0:06:16.680 get yourself mixed up with someone who was not truthful? 0:06:17.000 --> 0:06:19.280 Now Here are some of the components of a scam 0:06:19.360 --> 0:06:22.480 that I have been seeing this it's odd in our community. Mean, 0:06:22.520 --> 0:06:23.680 I don't know if you've seen this, but like so 0:06:23.720 --> 0:06:26.800 for example, Jay Morrison who did the Tulsa real estate. 0:06:27.320 --> 0:06:30.320 The premise is hey, same. 0:06:30.080 --> 0:06:32.400 Thing with mister Pinies who saw all this money allegedly 0:06:33.200 --> 0:06:35.400 I am an ex convict, which I'm like, ooh, stop 0:06:35.480 --> 0:06:38.719 right there, begin and end right there. No, shay, you know, 0:06:38.800 --> 0:06:42.120 I know sometimes people make mistakes who they're younger, but 0:06:42.360 --> 0:06:44.880 not with my money, honey. I am someone who just 0:06:44.920 --> 0:06:47.239 came home and I'm making a better life for myself. 0:06:47.400 --> 0:06:48.960 And because I just came home and I didn't have 0:06:49.000 --> 0:06:51.400 access to like other ways of like work or whatever, 0:06:51.720 --> 0:06:55.000 I have started. Whatever this venture is, you should invest 0:06:55.080 --> 0:06:57.120 in it. So I'm like, I don't know what it 0:06:57.160 --> 0:06:59.119 is about our community, but why is that a selling 0:06:59.160 --> 0:07:02.480 point that I used to be in jail for whatever reason? 0:07:03.240 --> 0:07:06.920 And you know, I'm not here to shame someone who 0:07:07.000 --> 0:07:11.440 was once incarcerated. But if you've been incarcerated, especially if 0:07:11.440 --> 0:07:13.600 it's due to fraud, I'm like, doesn't that sound like 0:07:14.440 --> 0:07:15.080 that's what you do? 0:07:15.760 --> 0:07:18.840 Like yeah, so that about wallf of Wall Street guy, 0:07:19.320 --> 0:07:22.920 I mean like he's you know, out and now making 0:07:22.960 --> 0:07:23.480 a lot of money. 0:07:23.760 --> 0:07:25.960 I mean, yeah, So that's one. 0:07:26.000 --> 0:07:28.560 I feel like the anatomy of a scam is one 0:07:29.080 --> 0:07:31.280 the character of the person and kind of like what 0:07:31.320 --> 0:07:35.280 their background is. Two, you know, sharing things that are 0:07:35.280 --> 0:07:38.520 too good to be true, a thirty percent return when 0:07:38.560 --> 0:07:41.760 everybody else is giving five or six percent. Is it's 0:07:41.800 --> 0:07:43.400 you know, it's one thing to say I'm doing an 0:07:43.400 --> 0:07:46.120 eight percent return everybody else is giving six, but thirty 0:07:46.160 --> 0:07:48.520 when everybody else is giving ten. You know, the good, 0:07:48.560 --> 0:07:51.720 the too good to be true part. It's a huge 0:07:51.720 --> 0:07:55.559 red flag when it comes to scams, right when someone says, like, now, 0:07:56.000 --> 0:07:58.600 the problem of a of a really good scam is 0:07:58.640 --> 0:08:02.880 that some people will make money, because that's the part 0:08:03.040 --> 0:08:05.040 is that what happens is usually the people who jump 0:08:05.120 --> 0:08:09.920 in early, they indeed get their fifty twenty thousand whatever 0:08:10.280 --> 0:08:12.840 and they're like, oh my gosh, this thing's legitimate. And 0:08:12.880 --> 0:08:16.080 that's the point, is that a really good scam will 0:08:16.120 --> 0:08:19.360 pay some people in the beginning because it will attract 0:08:19.920 --> 0:08:22.480 other uninitiated people and then they get to keep their money. 0:08:22.520 --> 0:08:25.200 So that's another anatomy of a scam that the. 0:08:25.200 --> 0:08:27.160 Too good to be true part actually is paid out 0:08:27.200 --> 0:08:29.920 early on, but by the time you get there, not 0:08:30.040 --> 0:08:31.960 so much. And anything else I'm missing, like for when 0:08:32.000 --> 0:08:34.600 people are looking at scams like that, like ugh. 0:08:35.200 --> 0:08:40.760 I think the big one also is well, the pressure 0:08:40.800 --> 0:08:44.240 to make a decision quickly. So and this also happened. 0:08:44.240 --> 0:08:47.160 Mean's a sales tactic. You know, in general, it's one 0:08:47.200 --> 0:08:49.040 of those things that's like, it's not the tactic is 0:08:49.080 --> 0:08:52.560 in a scam, but this tactic can certainly get you, 0:08:52.760 --> 0:08:55.199 make you more likely to fall for a scam if 0:08:55.240 --> 0:08:57.360 you let it control you, like the sense of like, 0:08:58.040 --> 0:09:00.800 you know, I experienced this when I was shopping to 0:09:00.920 --> 0:09:04.640 refinance my mortgage. You know, those mortgage lenders that you 0:09:04.679 --> 0:09:06.880 talk to, they want you, they want you to refine 0:09:06.880 --> 0:09:08.439 with them, They want your business, and it's like I 0:09:08.440 --> 0:09:10.840 can get you this rate, you know, but you know, 0:09:10.880 --> 0:09:12.559 you really want to make a decision today because I 0:09:12.600 --> 0:09:14.240 can't promise it's going to be here if you don't 0:09:14.280 --> 0:09:19.240 lock it in so anyway, but having the groundedness to say, 0:09:19.400 --> 0:09:21.920 I'm going to take my time to look into this, 0:09:22.520 --> 0:09:25.240 you know, that will save you from a scam in 0:09:25.280 --> 0:09:27.520 and of itself a lot of times. 0:09:27.640 --> 0:09:33.280 And the hard heart heart pressure sales is potentially Oh yeah, Sam, I'm. 0:09:33.080 --> 0:09:37.320 Talking else like Jesus crypto. If you're asking you for crypto. 0:09:37.760 --> 0:09:38.480 Yeah, oh yeah. 0:09:38.480 --> 0:09:41.480 The way they ask me to pay yes, hit me 0:09:41.559 --> 0:09:43.880 up on social media, which is kind of scary. So 0:09:43.920 --> 0:09:45.760 a woman hit me up and said, tifany is this 0:09:45.880 --> 0:09:48.960 you I'm like, no, that on TikTok or whatever. There's 0:09:48.960 --> 0:09:51.640 somebody who's trying to scam people out of money using 0:09:51.640 --> 0:09:54.559 my image. And what's really scary is, she said, Tificany, 0:09:54.600 --> 0:09:57.400 the part that was scary is they called me on 0:09:57.480 --> 0:10:00.280 Instagram or TikTok or whatever, and it was a video 0:10:00.320 --> 0:10:02.760 of you talking, but I couldn't hear you well, so 0:10:02.800 --> 0:10:04.320 I thought it was really you calling me and they 0:10:04.360 --> 0:10:06.320 went back to texting, like, oh, my connection is bad. 0:10:06.840 --> 0:10:09.360 I was like, wait, is that that's the same thing 0:10:09.440 --> 0:10:12.839 that Gail King? Have you seen this? So Gail King 0:10:13.040 --> 0:10:15.559 went on ig and shared a video of that looked 0:10:15.640 --> 0:10:18.960 legit through AI because they can they can if you 0:10:18.960 --> 0:10:20.959 have a enough speaking I can see how they could 0:10:20.960 --> 0:10:23.800 take an episode of like you speaking of this podcast 0:10:23.920 --> 0:10:26.840 or like any of your other engagements and uploaded into 0:10:26.880 --> 0:10:29.840 AI and be like, can you generate a statement about 0:10:29.880 --> 0:10:33.120 my business with Tiffany's voice, yes, and then put it 0:10:33.160 --> 0:10:35.880 with some blurry footage and you talk yeah. 0:10:36.240 --> 0:10:38.920 Really like I couldn't believe. And she was like, you know, 0:10:39.240 --> 0:10:41.000 but I know that you never asked me for whatever 0:10:41.000 --> 0:10:44.120 it was. It was. The English is really bad. As 0:10:44.120 --> 0:10:46.120 far as the texting, she was like that doesn't sound 0:10:46.120 --> 0:10:48.080 like differenty, So she wrote me like all my budget, Lisa, 0:10:48.240 --> 0:10:49.760 and you would think that like, oh, cause you know 0:10:49.800 --> 0:10:51.080 I have the blue check. 0:10:52.080 --> 0:10:55.679 So that's another scam, which is like if someone who 0:10:55.720 --> 0:10:57.560 normally wouldn't reach out to you was asking for money, 0:10:57.600 --> 0:10:59.040 Like if they're asking for money in ways that you 0:10:59.040 --> 0:11:02.160 cannot get a refund, like they're wanting you to cash app, 0:11:02.600 --> 0:11:05.240 they're wanting you to crypto, It's like that's another like 0:11:05.320 --> 0:11:06.959 hallmark of a scam where it's like why do I 0:11:07.000 --> 0:11:09.520 have to pay this way? There's no paper trail, you know, 0:11:09.559 --> 0:11:12.920 why do I have to pay this way? Also too, 0:11:12.960 --> 0:11:14.720 if the person doesn't have knowledge, like I look at like, 0:11:14.760 --> 0:11:18.360 for example, the Tulsa real estate fund guy, he had 0:11:18.400 --> 0:11:20.960 never bought a house or sold a house, so how 0:11:21.080 --> 0:11:23.120 was he running you know, a ten million dollar plus 0:11:23.120 --> 0:11:26.560 fund where he had no previous experience, and so like 0:11:26.600 --> 0:11:29.440 really looking into like well like so for example, there's 0:11:29.440 --> 0:11:31.240 a lot of like especially during the pandemic, a lot 0:11:31.280 --> 0:11:33.520 of coaches popped up to like to teach you how 0:11:33.520 --> 0:11:35.880 to manage a business. But the only business they've ever 0:11:35.920 --> 0:11:37.800 had was to teach you how to manage a business. 0:11:38.000 --> 0:11:39.640 So It's like what came first to chicken or the egg? 0:11:40.200 --> 0:11:42.719 You know that the ass and so you want to 0:11:42.720 --> 0:11:45.360 be want to be mindful that Like wait a minute. 0:11:45.640 --> 0:11:47.880 If it's one thing like say, for example, you owned 0:11:47.920 --> 0:11:51.400 like a retail company and you know you you like 0:11:51.440 --> 0:11:53.840 you know, you sold jeans for twenty years, and now 0:11:54.160 --> 0:11:56.839 you are teaching people how to have a real retail company, 0:11:56.880 --> 0:12:00.120 then it's like okay, because you have the underlying business 0:12:00.240 --> 0:12:01.760 and you're teaching me how to do a thing you've 0:12:01.760 --> 0:12:04.240 been doing versus my business is to teach you how 0:12:04.240 --> 0:12:06.719 to have business. It's again, how do you know how 0:12:06.720 --> 0:12:08.000 to have business when this is the only business you 0:12:08.040 --> 0:12:11.520 ever had. So that's another huge like red flag, Like 0:12:11.520 --> 0:12:13.320 they're only in the business of the thing if you're 0:12:13.679 --> 0:12:18.120 teaching you So yeah, I mean you guys ask stuff 0:12:18.160 --> 0:12:22.640 like this all the time, like if it's a scam reviews, 0:12:22.640 --> 0:12:27.160 honestly literally googling such and such name scam or such 0:12:27.200 --> 0:12:27.920 such name. 0:12:28.000 --> 0:12:31.320 Reviews and see what pops up, you know what I mean? 0:12:31.520 --> 0:12:35.040 Like sometimes really fund policy if there's no protections like that, 0:12:35.120 --> 0:12:36.839 if there's no way to get in touch with them 0:12:36.880 --> 0:12:40.400 but a complaint, yes, call the number back and see 0:12:40.400 --> 0:12:42.920 who answers, especially for those bank scams like my friend 0:12:42.960 --> 0:12:44.840 who lost my friend of a friend who lost like 0:12:44.880 --> 0:12:48.880 eight grand because the bank called her on her phone 0:12:49.080 --> 0:12:52.000 but it wasn't really her bank and she ended up 0:12:52.240 --> 0:12:53.640 zelling them a bunch of money. 0:12:53.840 --> 0:12:56.920 Yeah, well yeah, and honestly too. 0:12:56.960 --> 0:13:00.440 Whenever those things happen, the best thing to do, especially 0:13:00.440 --> 0:13:02.280 if it has is to say I'll call you back, 0:13:02.320 --> 0:13:05.120 because you can call Like if Wells Fargo called me 0:13:05.200 --> 0:13:07.600 to say, hey, you you know you owe us money, 0:13:07.600 --> 0:13:09.319 blah blah blah, I'm like, I'm gonna call you back 0:13:09.320 --> 0:13:11.439 on the Wells Fargo line. Hey, someone from Wells Fargo 0:13:11.480 --> 0:13:12.960 called me to say that, because they'll connect you if 0:13:12.960 --> 0:13:13.520 that's true. 0:13:13.840 --> 0:13:15.719 Yeah, you know, and so yeah, but I. 0:13:15.640 --> 0:13:17.440 Mean, I know, in the moment, it does seem so real. 0:13:17.520 --> 0:13:19.440 It's so hard because like I said, I've been scammed before, 0:13:20.600 --> 0:13:23.240 and so like, yeah, we'll just shame around it, but 0:13:23.280 --> 0:13:25.120 it is there is a lot of shame around it. 0:13:25.400 --> 0:13:28.440 Now that AI is involved. Like, oh my gosh, no 0:13:28.480 --> 0:13:30.960 one's safe if they learn how to get your voice 0:13:30.960 --> 0:13:32.720 and you call me and it looks like your number 0:13:32.720 --> 0:13:35.120 and it's like maybe I need ten thousand dollars right now, 0:13:35.280 --> 0:13:38.599 I'd probably be like, oh, that's Tiffany, she wouldn't do that. 0:13:39.040 --> 0:13:41.319 You know, I could see myself doing maybe not ten grand. 0:13:41.960 --> 0:13:45.240 You know. Wait what you listen to this episode, like 0:13:45.400 --> 0:13:47.120 I'm stuck at the airport and they're not letting me 0:13:47.360 --> 0:13:51.280 you know what, it cant on my flight bitcoin go. 0:13:51.880 --> 0:13:53.280 It's so scary, honestly. 0:13:53.400 --> 0:13:55.959 So it's just really, if something feels like a scam, 0:13:56.000 --> 0:13:59.160 doesn't feel right, it's it's better to just opt out 0:13:59.200 --> 0:14:00.720 and just say you know what, because on the off 0:14:00.840 --> 0:14:03.280 chances actually does work out. Okay, you missed out on 0:14:03.320 --> 0:14:07.240 the thing, not really, you know, But it's just asking questions, 0:14:08.120 --> 0:14:09.760 are there other people who have signed up? But like 0:14:09.800 --> 0:14:11.280 I said, you want to be mindful because those early 0:14:11.320 --> 0:14:13.920 adopters oftentimes will get their money and then you'll be 0:14:13.960 --> 0:14:16.400 it's like hot potato. You know, eventually the hot potato 0:14:16.440 --> 0:14:18.240 is gonna stop, and it's likelihood as you're gonna be 0:14:18.280 --> 0:14:19.760 one holding the hot potato at the end. 0:14:20.480 --> 0:14:23.480 You know. And so yeah, just asking those questions. 0:14:23.520 --> 0:14:25.160 Sometimes you guys will sign to my dms, will ask 0:14:25.160 --> 0:14:26.920 me about specific people I'm not gonna I mean, I 0:14:26.960 --> 0:14:28.600 named a couple of people that are like are known 0:14:29.360 --> 0:14:31.760 like you know, scammers, but also too like I think 0:14:31.760 --> 0:14:34.960 I mentioned this before. One of my favorite YouTube channels 0:14:35.040 --> 0:14:37.600 is coffee Zilla, And so what I like is that 0:14:37.640 --> 0:14:39.160 I forget his real name. I don't even know what 0:14:39.160 --> 0:14:42.440 he said shares his real name. He exposes like the 0:14:42.480 --> 0:14:45.400 internet scammers of the day, and I'm not necessarily looking 0:14:45.400 --> 0:14:48.320 for particular because mostly the Internet scammers, he's just exposes 0:14:48.360 --> 0:14:48.920 our white boys. 0:14:49.320 --> 0:14:50.360 So I'm not really looking at that. 0:14:50.400 --> 0:14:53.600 I'm more so looking at the scheme set up so 0:14:53.680 --> 0:14:56.680 I can recognize it out in the wild when it 0:14:56.680 --> 0:14:57.600 comes to our community. 0:14:57.840 --> 0:14:59.720 And so that's just a great way. I mean. Also, 0:14:59.800 --> 0:15:03.160 there's place there's a instagram called baller Alert. It's so 0:15:03.280 --> 0:15:04.960 called baller alert, I think. 0:15:04.800 --> 0:15:08.680 So where he will also expose like specific scammers that 0:15:08.720 --> 0:15:10.200 you know, Like I said, most of them are white boys. 0:15:10.200 --> 0:15:13.400 So you might not be like, oh, that doesn't affect me, 0:15:13.680 --> 0:15:16.280 But what happens is is that scammers will have like 0:15:16.320 --> 0:15:19.720 a specific playbook and if it works, they will share 0:15:19.760 --> 0:15:21.880 with each other and eventually it does get to your community, 0:15:21.880 --> 0:15:22.920 but with a face that looks like. 0:15:22.880 --> 0:15:26.560 Yours, and you're like, oh, that's the you know, that's 0:15:26.560 --> 0:15:27.960 the Nike shoebox scam. 0:15:28.400 --> 0:15:29.960 I saw that on Baller Alert, So I like to 0:15:30.040 --> 0:15:32.280 keep up to date so that way when something comes 0:15:32.320 --> 0:15:35.320 to me, I'm really mindful about this. Like if you notice, 0:15:35.440 --> 0:15:37.360 I used to beginning partner with a lot of people, 0:15:37.920 --> 0:15:41.800 and unfortunately I don't anymore because there's not too many 0:15:41.800 --> 0:15:44.040 people in the space that I feel really comfortable sharing 0:15:44.080 --> 0:15:45.280 with my audience. 0:15:45.880 --> 0:15:49.760 Because there's other like influencer educator type people. 0:15:49.840 --> 0:15:51.960 Yeah, because there'd be people who started off great, but 0:15:52.040 --> 0:15:53.320 you know, there's a lot of I'm not gonna lie. 0:15:53.320 --> 0:15:54.160 There's a lot of money and. 0:15:54.200 --> 0:15:57.040 Not navigating so great with your community, and sometimes people 0:15:57.040 --> 0:15:59.400 will do things that are not a scam, but they're 0:15:59.440 --> 0:16:00.400 not quite up. 0:16:00.280 --> 0:16:02.280 To snuff for me, you know. 0:16:02.400 --> 0:16:04.520 So there is this great area where it's like it's 0:16:04.520 --> 0:16:06.400 not illegal, but it's not right. 0:16:07.280 --> 0:16:08.880 And so I don't partner like I used to. 0:16:08.920 --> 0:16:10.200 I used to write it all the time, but I 0:16:10.200 --> 0:16:12.080 don't partner like I used to because I'm just like, 0:16:12.640 --> 0:16:15.440 very few people are navigating in a way that I 0:16:15.520 --> 0:16:17.920 feel really comfortable sharing with my audience. And they passed 0:16:17.920 --> 0:16:19.680 what I call my Lisa rule, which is if I 0:16:19.720 --> 0:16:22.240 wouldn't share if my baby sister, Lisa, I'm not gonna 0:16:22.240 --> 0:16:22.840 share with y'all. 0:16:23.720 --> 0:16:24.400 So yeah, just. 0:16:24.400 --> 0:16:29.000 Keeping you know, keeping an eye out, asking questions, not 0:16:29.160 --> 0:16:31.920 making quick decisions if the money sounds too good to 0:16:31.920 --> 0:16:35.520 be true it is, and you know, really like looking 0:16:35.560 --> 0:16:37.120 in their comments to see what other people are saying, 0:16:37.120 --> 0:16:39.840 because oftentimes people be in a comments roasting people and 0:16:39.880 --> 0:16:42.880 you're like, oh, you know, and just be safe. 0:16:42.640 --> 0:16:43.920 Out there, child, be safe. 0:16:44.240 --> 0:16:47.920 Yeah, question, Yes, I want to take a quick break 0:16:47.960 --> 0:16:50.400 and taking another like scammer Jason. 0:16:50.200 --> 0:16:52.440 Questions a scamblet. 0:16:52.640 --> 0:16:54.880 Yes, let's do it. Be right back from with more 0:16:55.000 --> 0:17:01.520 ba Qa and we're back with another question from the well. 0:17:01.560 --> 0:17:04.040 This is our first question, a question from the reader 0:17:04.040 --> 0:17:06.720 mail bag, right, ba fam. If you want to send 0:17:06.720 --> 0:17:09.080 me your question to be answered on the show, it's 0:17:09.160 --> 0:17:11.800 really easy. You can slide into our dms at Brand 0:17:11.840 --> 0:17:15.720 Ambission Podcast on the gram. You can also email us 0:17:15.800 --> 0:17:20.120 directly Brand Ambition podcast at gmail dot com or head 0:17:20.119 --> 0:17:23.600 over to our beautiful website, brandambis podcast dot com and 0:17:23.640 --> 0:17:29.919 click contact us. All right, this question who interesting? This 0:17:30.000 --> 0:17:31.720 is one of those like I know, we call it 0:17:31.720 --> 0:17:34.480 a scam let scam it because it's like one of 0:17:34.520 --> 0:17:36.639 these things that's not outright a scam. 0:17:36.920 --> 0:17:41.320 Yeah, but has is this smell a little something. 0:17:41.320 --> 0:17:44.200 Has questionable ulterior motives? Do you want me to read 0:17:44.240 --> 0:17:45.280 it or do you want to read it? 0:17:45.600 --> 0:17:46.600 I'm glad you can read it. 0:17:46.920 --> 0:17:48.719 Well, thank you? All right? 0:17:48.840 --> 0:17:49.240 Interesting? 0:17:49.240 --> 0:17:51.679 Okay, so my fake name for the pod is Autumn. 0:17:51.720 --> 0:17:52.840 This question is from Autumn. 0:17:52.920 --> 0:17:55.240 Autumn says my husband and I started working with a 0:17:55.240 --> 0:17:57.440 financial advisor to make sure that we are doing the 0:17:57.520 --> 0:18:00.800 right things with our excess money outside of investing in 0:18:00.880 --> 0:18:06.320 diverse portfolios through betterment, maxing out our retirement saving, being frugal, etc. 0:18:06.720 --> 0:18:09.680 As two high earners in it six figures for each 0:18:09.720 --> 0:18:13.240