WEBVTT - Scamdelous (how to avoid being scammed) 0:00:00.200 --> 0:00:19.440 She's on the Money. She's on the Money. 0:00:20.440 --> 0:00:23.400 Hello, and welcome to She's on the Money, the podcast 0:00:23.480 --> 0:00:27.440 for millennials who want financial freedom. Scams we hear about 0:00:27.440 --> 0:00:30.200 them on the news all the time, mainly on a 0:00:30.280 --> 0:00:32.599 current Affair, and a big shout out to Tracy Grimshaw 0:00:32.600 --> 0:00:32.919 if she. 0:00:32.920 --> 0:00:34.600 Is listening now. 0:00:34.720 --> 0:00:38.479 While these stories do tug at the heartstrings, ultimately we 0:00:38.560 --> 0:00:40.800 all kind of assume it will never happen to us 0:00:41.040 --> 0:00:43.839 because we're way too smart to get sucked into a scam. 0:00:43.920 --> 0:00:45.440 Do people still watch courn Affair? 0:00:45.880 --> 0:00:47.200 I think so cute? 0:00:47.360 --> 0:00:47.400 Do? 0:00:47.640 --> 0:00:48.040 I don't know? 0:00:48.240 --> 0:00:48.839 You carry on? 0:00:48.920 --> 0:00:50.200 That's sorry, poll the group. 0:00:50.880 --> 0:00:54.120 The thing is, though, guys, scamming can happen to anyone 0:00:54.280 --> 0:00:57.440 of any age, intellect, and background, including She's on the 0:00:57.440 --> 0:01:00.000 Money listeners. So today we want to run you through 0:00:59.920 --> 0:01:01.920 all you need to know when it comes to scams 0:01:01.920 --> 0:01:04.200 so you can avoid a falling victim to this hideous 0:01:04.280 --> 0:01:08.200 type of crime. My name is Georgia King, and joining 0:01:08.200 --> 0:01:10.479 me today to talk through how we can safeguard our 0:01:10.520 --> 0:01:16.200 finances and ourselves from scams is financial advisor Victoria Divine. 0:01:16.360 --> 0:01:18.800 I had a phone call the other day from someone 0:01:19.080 --> 0:01:21.200 claiming to be from the ATO. 0:01:21.080 --> 0:01:22.280 They weren't spoiler. 0:01:22.440 --> 0:01:25.600 It was an automated message and it said I would 0:01:25.600 --> 0:01:29.520 be arrested if I didn't transfer money for some overdue 0:01:29.600 --> 0:01:32.000 tax and I was like, I have to say, God. 0:01:31.800 --> 0:01:35.920 Did you how realistic was it? And it wasn't a recording. 0:01:35.959 --> 0:01:39.400 It was actually someone saying he was calling from the ATO. Yeah, 0:01:39.440 --> 0:01:42.759 And quite evidently he was not because they don't speak 0:01:42.760 --> 0:01:44.920 in the tone of voice he was speaking in right 0:01:45.360 --> 0:01:49.040 when I said, okay, well validate my information and he 0:01:49.160 --> 0:01:52.440 was like, oh, I didn't know how, And I said, 0:01:52.480 --> 0:01:54.040 oh my gosh, I don't even have a job. I 0:01:54.080 --> 0:01:56.760 just played along with it. It's a terrible idea, but 0:01:57.080 --> 0:01:59.080 you know, we're actually going to teach you about real 0:01:59.080 --> 0:02:01.559 scam avoidance. It's not the victoriated line method. 0:02:01.760 --> 0:02:05.200 Well, but that's the thing, be that these are so realistic. 0:02:05.280 --> 0:02:08.280 Like I'm a I consider myself to be a smart, young, 0:02:08.440 --> 0:02:13.320 strapping lass but I was like, Mom, I'm gonna get arrested. 0:02:13.720 --> 0:02:14.640 They're coming for me. 0:02:16.160 --> 0:02:19.000 So if the ATO were genuinely coming for you and 0:02:19.040 --> 0:02:22.399 they already had your mobile number, I guarantee you would 0:02:22.400 --> 0:02:25.240 have heard about this before. No one and I repeat, 0:02:25.320 --> 0:02:27.440 no one is ever going to call you and be like, hey, 0:02:27.480 --> 0:02:30.400 if you don't transfer me money for some overdue tracks, 0:02:30.720 --> 0:02:32.720 you're going to be arrested. That's not going to happen. 0:02:32.800 --> 0:02:34.960 Well, that's what my mum said. I'm still kind of 0:02:35.040 --> 0:02:35.640 suss on it. 0:02:35.680 --> 0:02:39.280 Though, So in that situation, let's take this situation as 0:02:39.320 --> 0:02:41.520 any exactible. I know we're going to get into it 0:02:41.560 --> 0:02:44.119 in more depth, yep, But in this situation, you'd say, 0:02:44.240 --> 0:02:47.040 no problems, thank you so much. Mister. I think you're 0:02:47.040 --> 0:02:50.360 a scammer. What's your landline. I'm going to call you 0:02:50.440 --> 0:02:53.960 back on that and ask them for their landline. Then 0:02:54.320 --> 0:02:56.720 if they do give you that, great, that's a very 0:02:56.760 --> 0:03:01.640 positive step. Google it is it actually the ATO? If not, 0:03:02.000 --> 0:03:04.320 just call there one eight hundred number and say, hey, 0:03:04.440 --> 0:03:07.240 I was just on the phone to somebody at the ATO. 0:03:07.680 --> 0:03:10.400 They said I was going to be arrested. Be worried. 0:03:10.520 --> 0:03:12.840 Can you guys let me know what's going on? So 0:03:13.280 --> 0:03:16.000 my advice is immediately hang up and then call that 0:03:16.080 --> 0:03:21.120 authority back asap if you're concerned about it. Obviously I 0:03:21.200 --> 0:03:23.440 knew that was a scam, so I definitely didn't bother 0:03:23.560 --> 0:03:27.120 following anybody up. But if you're worried, call that proper 0:03:27.160 --> 0:03:30.560 authority on their one eight hundred number. Not talk to 0:03:30.600 --> 0:03:34.200 that person on the phone, because often even if you say, hey, 0:03:34.240 --> 0:03:37.520 can you validate my identification, they're like, okay, give me 0:03:37.560 --> 0:03:40.720 your full name. No no, no, no no, you're now giving 0:03:40.760 --> 0:03:43.840 them the information that they need. So don't do that. 0:03:44.120 --> 0:03:45.880 Oh my god. Okay, so call. 0:03:45.720 --> 0:03:47.360 Them, and the girl that picks up or the boy 0:03:47.400 --> 0:03:49.440 that picks up is going to go, oh my gosh, Georgia, 0:03:49.440 --> 0:03:51.320 I know that's a common scam. I'm so sorry you 0:03:51.360 --> 0:03:52.960 got stuck. Okay, they'll let you know. 0:03:52.960 --> 0:03:54.840 Don't know. Don't call mom. 0:03:54.960 --> 0:03:58.320 I mean you could call mom, I call my literally everything. 0:03:58.080 --> 0:03:59.920 Yeah, okay, moving a lot. 0:04:00.560 --> 0:04:03.040 How common are scams in Australia, because it's not just 0:04:03.120 --> 0:04:04.520 you and I are getting these calls, right. 0:04:04.560 --> 0:04:07.400 No, it's not. Unfortunately, there are too many scams and 0:04:07.680 --> 0:04:11.360 unfortunately they are all too common. In twenty twenty, one 0:04:11.480 --> 0:04:15.280 hundred and seventy six million dollars was lost on scams, 0:04:15.600 --> 0:04:18.240 which is up a total of twenty three point one 0:04:18.279 --> 0:04:21.440 percent if we compare that to twenty nineteen stats, and 0:04:21.480 --> 0:04:23.720 that of course was due to the increased time that 0:04:23.760 --> 0:04:27.560 we are actually spending online recently and that is, my friends, 0:04:27.640 --> 0:04:30.400 a lot of money. And that's not only scams that 0:04:30.440 --> 0:04:33.560 we've been reported, do you Apparently only thirteen percent of 0:04:33.640 --> 0:04:36.279 victims actually make a report, according to a company called 0:04:36.320 --> 0:04:39.039 scam Watch, which is run by the Australian Competition and 0:04:39.080 --> 0:04:42.159 Consumer Commission or the ah trouble C. So it's safe 0:04:42.160 --> 0:04:44.799 to assume that much more money has actually been lost, 0:04:44.839 --> 0:04:45.600 which is wild. 0:04:45.880 --> 0:04:48.080 It is wild, And I guess it makes sense that 0:04:48.240 --> 0:04:50.960 last year so much money was lost because obviously it 0:04:51.000 --> 0:04:52.839 was the pandemic and as you said, we were spending 0:04:52.880 --> 0:04:55.320 so much time online because we had not a lot 0:04:55.360 --> 0:04:57.880 else to do, and they really targeted us for that. 0:04:58.080 --> 0:05:01.200 Absolutely, And do you know what's scary? More than sixty 0:05:01.279 --> 0:05:03.880 three million dollars has already been lost this year and 0:05:03.920 --> 0:05:04.720 it's only May. 0:05:05.560 --> 0:05:08.039 What that's a lot of cash, God, is a lot 0:05:08.040 --> 0:05:08.560 of money. 0:05:08.880 --> 0:05:10.080 That is a lot of dollar us. 0:05:10.120 --> 0:05:14.360 Georgia King, it's really sad this topic. 0:05:14.920 --> 0:05:16.800 I think it's really sad. But I also think it's 0:05:16.839 --> 0:05:20.400 really important because it can help us have empowered conversations, 0:05:20.720 --> 0:05:22.880 Like I don't think a lot of people in the moment, 0:05:23.000 --> 0:05:25.280 especially when they pick up the phone and someone says 0:05:25.320 --> 0:05:27.360 I'm from the ato, and if you don't pay us 0:05:27.680 --> 0:05:30.040 right now, you're going to go to jail. You're gonna 0:05:30.040 --> 0:05:32.520 be a bit stressed. But I think the most important 0:05:32.520 --> 0:05:34.960 thing here is actually to go Okay, no, here's what 0:05:35.000 --> 0:05:37.200 I'm gonna do. Thank you so much for calling. I 0:05:37.200 --> 0:05:39.880 can see that you've got a valid point. If they do. 0:05:40.080 --> 0:05:43.159 If they don't, who cares to just say that? Hang 0:05:43.240 --> 0:05:46.680 up and call them directly from their landline. For me, 0:05:46.960 --> 0:05:49.200 that is probably the best way to go about it 0:05:49.240 --> 0:05:52.080 if they call you. But some are a lot slipperier 0:05:52.120 --> 0:05:54.359 than that, and they actually get into your inbox and 0:05:54.360 --> 0:05:56.840 you don't even realize how scammy they are. 0:05:57.600 --> 0:06:00.360 Well, that's it, Feast, so tell me it's This is 0:06:00.400 --> 0:06:06.200 obviously ATO style scams. So masking is government cooperations to 0:06:06.240 --> 0:06:09.080 try and get your money, get your personal details, whatever. 0:06:09.839 --> 0:06:10.880 Lots of types of scam. 0:06:10.960 --> 0:06:11.680 Talk me through them. 0:06:11.800 --> 0:06:14.120 Okay, are you ready for this? Because there are a 0:06:14.160 --> 0:06:16.680 lot of different types of scams, which is kind of 0:06:16.720 --> 0:06:19.040 pervy like. As long as you've never been bitten by them, 0:06:19.080 --> 0:06:21.960 this could be a really interesting episode. But if you have, 0:06:22.040 --> 0:06:24.480 you'll be like, oh my gosh, Victoria, please stuff talking. 0:06:24.960 --> 0:06:28.600 But one that everybody is probably seen is those prize 0:06:28.600 --> 0:06:31.240 winning scams. So, for example, you might have received a 0:06:31.279 --> 0:06:34.960 message from an unknown number congratulating you on winning their competition, 0:06:35.279 --> 0:06:37.359 and all you need to do to claim your fifty 0:06:37.400 --> 0:06:39.760 thousand dollar prize is click the link and give them 0:06:39.760 --> 0:06:43.200 all your personal details, which should be true, too good 0:06:43.200 --> 0:06:45.280 to be true, because it is too good to be true. 0:06:45.320 --> 0:06:47.200 And then they'll use your personal details and you know 0:06:47.240 --> 0:06:48.080 what are they going to do with that? 0:06:48.839 --> 0:06:50.400 What still my money? 0:06:50.600 --> 0:06:54.599 Yeah, exactly. They're going to probably pretend to be you, 0:06:54.960 --> 0:06:58.200 which is terrifying. There's another type of scam, which is 0:06:58.400 --> 0:07:02.320 more of a transactional buying scam, so maybe on like Facebook, 0:07:02.360 --> 0:07:05.760 Marketplace or eBay where people are selling false scords and 0:07:05.800 --> 0:07:07.880 taking your money and running. And I've actually seen this 0:07:07.960 --> 0:07:11.320 a fair bit on places like gum tree recently. Really yes, 0:07:11.480 --> 0:07:16.960 especially during COVID, you know what, advertising pets, which is 0:07:17.000 --> 0:07:19.560 really sad because a lot of people during COVID really 0:07:19.640 --> 0:07:21.920 want pets. So they're like, yep, I totally get that 0:07:22.000 --> 0:07:25.080 you can't see me. I will, you know, follow all 0:07:25.080 --> 0:07:28.320 the social distancing rules. I'll transfer my five thousand dollars 0:07:28.360 --> 0:07:31.080 for my you know, spoodle thing that everybody's buying at 0:07:31.080 --> 0:07:33.160 the moment. That's an attack on me as well. I 0:07:33.240 --> 0:07:37.240 just bought a golden Sheeper doodle go figure. A legit one, 0:07:37.320 --> 0:07:39.880 by the way, wasn't a scam, but they would take 0:07:39.920 --> 0:07:42.760 people's money and then they'd organizer pickup time and actually 0:07:42.800 --> 0:07:45.160 never turn up, which is wild and so unfair. 0:07:45.400 --> 0:07:49.000 They really capitalize on trends, it seems, because that's what 0:07:49.000 --> 0:07:51.120 everyone was buying last year, isn't that Yeah, yep. 0:07:50.960 --> 0:07:53.160 Which makes sense, and that's why you really need to 0:07:53.240 --> 0:07:57.160 validate any purchase that you are making online. And there 0:07:57.360 --> 0:08:01.640 sadly are a few dating scams online. This breaks my heart, yeah, 0:08:01.760 --> 0:08:05.120 or what people are more commonly calling cat fishing, which 0:08:05.120 --> 0:08:09.120 are particularly devastating, often because love is involved, and that 0:08:09.200 --> 0:08:11.640 might be a scammer setting up a fake account or 0:08:11.680 --> 0:08:15.040 initiating a fake relationship and then exploiting the other person, 0:08:15.160 --> 0:08:18.040 using them for money or gifts or personal details, and 0:08:18.440 --> 0:08:21.160 they would usually want to hurry the relationship along, but 0:08:21.160 --> 0:08:24.040 they can't ever meet that person because they're quote overseas 0:08:24.200 --> 0:08:27.760 or working in a mine or something like that. And 0:08:27.920 --> 0:08:30.720 once they've formed that relationship with you and the trust 0:08:30.760 --> 0:08:33.400 is there, that's when it gets really dangerous. And they'll 0:08:33.440 --> 0:08:36.200 start asking for money or claim that there's an emergency 0:08:36.240 --> 0:08:38.200 and that they need your financial help and stuff. And 0:08:38.559 --> 0:08:42.120 that's really terrifying because I think that that happens more 0:08:42.120 --> 0:08:45.000 often than people are willing to admit, because it's a 0:08:45.040 --> 0:08:47.720 bit embarrassing in a way, right, Yeah, No one wants 0:08:47.720 --> 0:08:49.160 to say, hey, I got catfished. 0:08:49.600 --> 0:08:52.400 No, because there's, yeah, there's ego involved in that. One 0:08:52.440 --> 0:08:56.440 hundred an emotional experience to go through. Having your heartbroken 0:08:56.520 --> 0:09:01.280 is bad enough, but coupling that with national devastation. 0:09:01.800 --> 0:09:04.240 And I think it's really hard because you know, good 0:09:04.280 --> 0:09:06.600 people meet other good people online, Like I met my 0:09:06.679 --> 0:09:09.880 partner online, and I'm not ashamed of that in any way, 0:09:09.960 --> 0:09:12.360 shape or form, but I think it's a more common 0:09:12.400 --> 0:09:16.040 way to meet people nowadays, but also a really common 0:09:16.080 --> 0:09:19.120 way for people to be scammed. Side note, Georgia, how 0:09:19.200 --> 0:09:21.840 cool would it be to get a catfished money diary? 0:09:22.360 --> 0:09:25.679 Oh? That would be very interesting. 0:09:25.760 --> 0:09:29.880 So if you've been catfished and it's financially impacted, you 0:09:29.960 --> 0:09:32.440 could you just start slide into my DMS in the 0:09:32.520 --> 0:09:35.720 next week or so, because I have questions. Yeah, and 0:09:35.760 --> 0:09:37.880 I'm pretty sure our whole community does. 0:09:38.040 --> 0:09:39.640 Well and that would be a really helpful listen for 0:09:39.679 --> 0:09:41.400 everyone to know exactly what to be aware of and 0:09:41.440 --> 0:09:43.080 those little red flags that we need to. 0:09:43.080 --> 0:09:46.720 Make back on track. Though, when it comes to scams, 0:09:46.720 --> 0:09:50.520 there are also fake charities, fake tradees, fake investing opportunities, 0:09:50.720 --> 0:09:54.920 computer hackings, et cetera. Literally the list goes on in 0:09:55.000 --> 0:09:57.800 terms of the scams that are most prevalent. Scam Watch's 0:09:57.920 --> 0:10:01.439 latest report from twenty nineteen found the greatest losses by 0:10:01.520 --> 0:10:05.880 type of scam were number one business email compromised scams 0:10:06.040 --> 0:10:09.640 and number two investment scams and then number three dating 0:10:09.840 --> 0:10:12.840 roment scams. So all of the things that we want, 0:10:12.880 --> 0:10:15.800 we want to be in business, we want to be investing, 0:10:15.880 --> 0:10:17.200 and we want to be in love, and we're going 0:10:17.240 --> 0:10:19.680 to be scammed on the mall Georgia. Not good, not 0:10:19.760 --> 0:10:20.280 good at all. 0:10:20.360 --> 0:10:23.120 And that's millions and millions and millions of dollars were 0:10:23.240 --> 0:10:26.120 tied to those each of those headers, So it's a 0:10:26.120 --> 0:10:27.480 lot of money that's been lost. 0:10:27.240 --> 0:10:29.000 To each of those in total. We go back to 0:10:29.000 --> 0:10:30.880 that stat I said at the start, I believe that 0:10:30.920 --> 0:10:34.000 was one hundred and seventy six million dollars which was 0:10:34.040 --> 0:10:37.319 lost in twenty twenty Wild and that was all that 0:10:37.440 --> 0:10:40.160 people actually admitted to. Crazy. 0:10:41.120 --> 0:10:44.480 Now, investment scams that was number two. So that's obviously 0:10:44.559 --> 0:10:45.640 the space that you move in. 0:10:45.960 --> 0:10:48.440 It is I do like a little investment. 0:10:48.640 --> 0:10:50.640 What does this mean? What does that look like? What 0:10:50.679 --> 0:10:51.760 do we need to be mindful of? 0:10:52.000 --> 0:10:55.560 So investment scams usually occur when a scammer is masked 0:10:55.559 --> 0:10:58.400 grading as like a stock trader or a broker or 0:10:58.440 --> 0:11:02.960 a financial professional. Really really sad and hopefully less common 0:11:03.040 --> 0:11:05.240 given the Royal Commission that we went through in twenty 0:11:05.320 --> 0:11:09.400 nineteen in saying that if you're interested in finance scams 0:11:09.440 --> 0:11:11.680 and you haven't listened to the podcast who the hell 0:11:11.760 --> 0:11:14.760 is Hamish? Oh what are you doing with your life? 0:11:14.800 --> 0:11:18.120 That was so juicy cost juicy? Definitely go and listen 0:11:18.160 --> 0:11:21.120 to that. But back to financial scams and investing scams. 0:11:21.520 --> 0:11:23.440 They will often approach you with a once in a 0:11:23.480 --> 0:11:26.400 lifetime opportunity that will help you make money fast, but 0:11:26.480 --> 0:11:29.000 to do that you actually need to move really quickly, 0:11:29.120 --> 0:11:32.160 and they often use really tricky language and jargons so 0:11:32.240 --> 0:11:34.840 that they sound super informed, and they make you reluctant 0:11:34.880 --> 0:11:38.400 to ask questions or question the authenticity of that kind 0:11:38.400 --> 0:11:42.560 of offer. So for me, any person who doesn't break 0:11:42.600 --> 0:11:46.000 it down for you and actually explain an investment opportunity 0:11:46.400 --> 0:11:49.760 and isn't willing to wait is a terrible idea, even 0:11:49.800 --> 0:11:52.320 if it's not a scam. If someone is pressuring you 0:11:52.400 --> 0:11:54.280 to invest and you're just not ready, they are not 0:11:54.320 --> 0:11:56.080 the right person to invest with. My friends. 0:11:56.800 --> 0:12:01.560 Are there fake in quote marks businesses on the stock 0:12:01.679 --> 0:12:04.719 market or is that highly regulated? Like can we ever 0:12:04.920 --> 0:12:06.079 accidentally invest in? 0:12:06.800 --> 0:12:09.760 No, if you logged into the ASX and you were investing, 0:12:09.800 --> 0:12:11.839 you're not going to get scammed there. But if you 0:12:11.960 --> 0:12:14.480 met someone and they're like, hey, Georgia King, I am 0:12:14.520 --> 0:12:17.640 a stockbroker, I will broke of stocks on your behalf, 0:12:18.080 --> 0:12:19.760 that's where you've got to be a bit wary about 0:12:19.800 --> 0:12:22.559 the authenticity of that person. And that's where the ask, 0:12:22.679 --> 0:12:26.040 you know, financial advisory register comes in handy. So if 0:12:26.080 --> 0:12:28.560 you are going to go see a financial advisor, you 0:12:28.559 --> 0:12:30.200 can look them up and see if they're registered and 0:12:30.240 --> 0:12:32.560 have any complaints against them and making sure that they're 0:12:32.600 --> 0:12:35.960 actually qualified, et cetera. So for me, go and look 0:12:36.040 --> 0:12:38.760 up that person and see their history. I think in 0:12:38.800 --> 0:12:40.840 twenty twenty one, it's not too hard to see if 0:12:40.880 --> 0:12:43.880 someone has a track record or not, but historically it's 0:12:43.880 --> 0:12:46.040 been a lot more convoluted than it is today. 0:12:47.160 --> 0:12:50.200 Okay, this is a throwback to an earlier episode. 0:12:50.320 --> 0:12:52.080 I know exactly what you're about to say. 0:12:52.120 --> 0:12:55.360 Would you consider MLM to be a scam? 0:12:55.440 --> 0:12:59.280 Absolutely? And I've spoken about this so many times. There 0:12:59.280 --> 0:13:01.760 are a number of reason, right, and please don't think 0:13:01.800 --> 0:13:04.800 that for even two seconds. I think that MLMs are 0:13:04.800 --> 0:13:07.600 a scam for absolutely everybody. There's like a one percent 0:13:07.679 --> 0:13:10.480 of those scams that they're making money, but they're making 0:13:10.520 --> 0:13:13.559 money off scamming people, so like that's not a thing. 0:13:13.600 --> 0:13:17.480 For anyone who doesn't know. MLMs are multiple schemes yea. 0:13:18.040 --> 0:13:20.480 And to me, I do genuinely believe that they are 0:13:20.520 --> 0:13:24.360 pyramid schemes parading as sheep, so you know, instead of 0:13:24.400 --> 0:13:27.720 having an actual pyramid scheme, they always always always sell 0:13:27.760 --> 0:13:30.360 a product. So that could be essentral oils, it could 0:13:30.360 --> 0:13:32.800 be you know, workout stuff, it could be well like 0:13:33.000 --> 0:13:37.840 kitchen where it could be literally anything, but usually actually 0:13:37.880 --> 0:13:41.400 not even usually Georgia. Always there is a product associated 0:13:41.440 --> 0:13:44.200 with it to masquerade this pyramid scheme. And that's what 0:13:44.240 --> 0:13:47.560 they'll say, someone says, or if you say to someone, hey, Georgia, 0:13:47.640 --> 0:13:49.760 that's a pyramid scheme. They'll be like, no, but we've 0:13:49.880 --> 0:13:52.440 sell a product, and you'll be like, you are still 0:13:52.440 --> 0:13:55.080 a scam, my friend. But the reason I think that 0:13:55.240 --> 0:13:58.600 is scammy is because so many people get lulled into 0:13:58.600 --> 0:14:01.400 this false sense of security where they think, oh, I'm 0:14:01.440 --> 0:14:03.520 gonna run my own business and I'm actually gonna have 0:14:03.520 --> 0:14:05.400 this really great support network and I'm going to do 0:14:05.440 --> 0:14:08.079 all these cool things, when in reality, it's going to 0:14:08.160 --> 0:14:10.880 cost you more than what you're actually making from it, 0:14:11.160 --> 0:14:13.040 and it's not a good thing at all because they 0:14:13.280 --> 0:14:17.040 own your entire IP and you don't actually get your 0:14:17.040 --> 0:14:19.960 own business. You're so reliant on somebody else. So my 0:14:20.080 --> 0:14:22.440 opinion there is, if you want to be a business owner, 0:14:22.720 --> 0:14:26.320 go join the Business Bible. Obviously not being promotional here, 0:14:26.440 --> 0:14:29.000 I genuinely believe you should go and join the Business 0:14:29.040 --> 0:14:32.400 Bible instead of joining a MLM that is going to 0:14:32.480 --> 0:14:33.560 lead you now on the wrong track. 0:14:33.920 --> 0:14:36.160 Love that, and also go back and listen to our 0:14:36.480 --> 0:14:38.240 MLM episode I think. 0:14:38.080 --> 0:14:40.560 From season three, Season three, Season three. 0:14:40.600 --> 0:14:42.800 Imagine having that many seasons that we get confused and 0:14:43.160 --> 0:14:43.880 how cool we. 0:14:44.080 --> 0:14:50.119 Are doing as a business owner, how worrying are scams 0:14:50.360 --> 0:14:52.640 for you, because I feel like they would kind of 0:14:52.640 --> 0:14:54.560 be a threat to you as well, not just as 0:14:54.600 --> 0:14:56.160 an individual but as a business owner. 0:14:56.360 --> 0:14:59.960 Absolutely, and they are quite concerning. And I've actually seen 0:15:00.240 --> 0:15:02.920 a few friends, not recently, but in the last couple 0:15:02.960 --> 0:15:07.560 of years, I guess that's recently have a hacker come 0:15:07.640 --> 0:15:11.880 into their computer system and change invoices, so you pay 0:15:11.960 --> 0:15:15.440 money to a separate bank account. And these friends worked 0:15:15.480 --> 0:15:18.640 in the real estate industry, so these amounts of money 0:15:18.720 --> 0:15:20.160 were people's home deposits. 0:15:20.160 --> 0:15:20.880 Oh my god. 0:15:21.320 --> 0:15:24.280 Yeah, So what would happen is they'd send the bank 0:15:24.360 --> 0:15:27.400 details through to the person who needed to pay the 0:15:27.440 --> 0:15:29.600 home deposit, and then they'd pay them. It'd all be 0:15:29.640 --> 0:15:31.160 well and good, and they'd be like, yeah, paid it, 0:15:31.200 --> 0:15:33.560 no problems, and then the real estate agent would say, great, 0:15:33.560 --> 0:15:36.800 thank you so much, Georgia, congratulations. We'll send you the 0:15:36.840 --> 0:15:39.560 receipt once he hits the account, because usually those things 0:15:39.600 --> 0:15:42.320 aren't instant because it's such a big transfer, and then 0:15:42.360 --> 0:15:43.840 a couple of days later they'll be like, oh, it's 0:15:43.920 --> 0:15:45.840 not there, but then a couple of days later it's 0:15:46.160 --> 0:15:50.040 too late. So for me, if you are transferring a 0:15:50.120 --> 0:15:52.960 home deposit, I would absolutely just call the real estate 0:15:53.000 --> 0:15:55.680 agent and go, hey, don't want to be a pest, 0:15:55.680 --> 0:15:57.880 but could you just confirm your BSBAN account number before 0:15:57.880 --> 0:16:00.480 I make this transfer? Yea, just to get it verbally 0:16:00.560 --> 0:16:03.200 as well. And I know a couple of people who 0:16:03.280 --> 0:16:05.360 work in real estate who will only do it verbally 0:16:05.400 --> 0:16:07.000 and get you to like write it down and then 0:16:07.040 --> 0:16:10.040 spell it out because so many times this happens and 0:16:10.080 --> 0:16:14.480 it's terrifying. But that's all about security as well. So 0:16:14.840 --> 0:16:17.440 here it cheese on money and Zella, we have psycho 0:16:17.520 --> 0:16:18.400 levels of security. 0:16:18.440 --> 0:16:20.680 Yeah, I was going to say, I can't imagine you'd 0:16:20.680 --> 0:16:24.120 just be like, yeah, whatever, send it through fun. 0:16:24.320 --> 0:16:26.720 Ask poor Jess, Like, we can't even make changes to 0:16:26.960 --> 0:16:31.080 our emails without our IT person. Get you involved, because 0:16:31.120 --> 0:16:33.600 it is such a high level of security, which is 0:16:33.640 --> 0:16:37.840 honestly so necessary because I also run a wealth business. Yeah, 0:16:37.840 --> 0:16:41.240 and my clients personal details, they're really important to me 0:16:41.360 --> 0:16:43.640 and they should never ever ever be compromised. 0:16:43.680 --> 0:16:44.840 Yeah, love it all right. 0:16:45.080 --> 0:16:49.040 Descanners target certain demographics of people. 0:16:48.960 --> 0:16:53.080 Look not necessarily. It feels like that when we hear 0:16:53.120 --> 0:16:56.360 these stories that it's always the elderly that's targeted, or 0:16:56.400 --> 0:16:58.320 you know, the young people, or you know the people 0:16:58.320 --> 0:17:01.000 who owe tax or whatever it is. But according to 0:17:01.040 --> 0:17:04.280 scam Watch, there's actually no specific demographic that's targeted, and 0:17:04.320 --> 0:17:06.880 we all really need to be super careful and vigilant 0:17:07.240 --> 0:17:11.119 in saying that certain scams will target certain people. So 0:17:11.240 --> 0:17:14.040 people who are on online dating apps or websites that 0:17:14.080 --> 0:17:17.720 are targeted for romance scams, particularly if they're new to 0:17:17.720 --> 0:17:20.240 these sites and they're not very experienced, they might not 0:17:20.280 --> 0:17:22.800 be able to pick them up as quickly. Whereas I 0:17:22.800 --> 0:17:24.840 think you know, you and IG if we were on 0:17:24.920 --> 0:17:28.800 Tinder today, I think we'd pretty quickly see something and 0:17:28.840 --> 0:17:30.520 be like, oh, that's too good to be true, or 0:17:30.520 --> 0:17:33.680 that's a scam, or yeah, profile is not written well yeah, 0:17:33.680 --> 0:17:35.760 but I would assume that someone who's maybe not a 0:17:35.840 --> 0:17:39.239 millennial or gen Z or why, they might actually not 0:17:39.480 --> 0:17:42.040 see that and not have the level of conviction when 0:17:42.080 --> 0:17:44.320 it comes to going ah, I don't think that's actually 0:17:44.400 --> 0:17:45.159 what they say they are. 0:17:45.359 --> 0:17:47.480 Yeah, And if you've been out of the game, as 0:17:47.520 --> 0:17:51.800 they say, for a long time and someone's like, hey, Candy, Candy, Okay, 0:17:52.800 --> 0:17:56.920 you're a lovely look and lass, let's get dinner online 0:17:57.000 --> 0:17:58.080 because I'm fake. 0:17:58.840 --> 0:17:59.920 Like you go for it. 0:18:00.080 --> 0:18:03.120 That was a weird spill, but you know what I mean, 0:18:03.160 --> 0:18:08.920 they would be less suspicious, whereas we would be like, no, Derek, no, god, 0:18:08.960 --> 0:18:11.879 that was weird. Keep on talking, Victoria handling back to you. 0:18:12.000 --> 0:18:14.760 Okay, I really like that, but in saying that, this 0:18:14.960 --> 0:18:17.439 is creepy and I'm totally happy to share this with 0:18:17.480 --> 0:18:19.480 the trees on the money community. But do you know 0:18:19.520 --> 0:18:22.359 what you can do? You can screenshot people's profiles on 0:18:23.280 --> 0:18:25.680 dating apps. Because I met Steve on a dating app 0:18:25.760 --> 0:18:28.440 and I did this, then I have no shame screenshot. 0:18:28.600 --> 0:18:32.320 You can reverse search on Google from an image. You 0:18:32.400 --> 0:18:37.240 can that, yes, yeah, okay, obviously I just did my research. 0:18:37.960 --> 0:18:40.400 You did this with Steve, not with Steve. But it's 0:18:40.400 --> 0:18:42.520 how I found out that a couple of profiles had 0:18:42.560 --> 0:18:45.200 stolen pictures and were using them and they weren't theirs, 0:18:45.359 --> 0:18:49.080 because you know, sometimes they are legit and people are 0:18:49.320 --> 0:18:53.840 legitimate people behind the accounts, but then they're actually not 0:18:54.000 --> 0:18:54.600 who they say. 0:18:54.720 --> 0:18:55.800 That's fishing, isn't it. 0:18:55.880 --> 0:18:58.639 Yeah exactly. And so if you reverse image search it 0:18:58.680 --> 0:19:01.600 and then it comes up with like male model, you're like, well, 0:19:01.640 --> 0:19:05.159 that's clearly not you, as the first thing on Google. Yeah, 0:19:05.200 --> 0:19:06.960 so I used to just block and delete them. But 0:19:07.560 --> 0:19:10.159 too many people aren't that savvy or aren't that creepy? 0:19:10.320 --> 0:19:13.560 Not sure which one it is, but let's move on. 0:19:13.720 --> 0:19:15.920 If you are worried about people in your life being 0:19:15.960 --> 0:19:18.359