Why We Fall for Scams — And How We Can Protect Ourselves
Episode description
Cons. Frauds. Scams. Whatever you call them, people have been falling for them since time immemorial. Though their means may change, scammers have always been with us and, unfortunately, are often successful in their ploys. But what makes scams so hard to resist and so easy to perpetuate in the first place?
In today’s episode, Dylan talks about the idea that we have to be sneaky in order to make money, why we often fall for scams, and how we can protect ourselves from them.
Show Highlights
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[04:10] Where the idea that the only way to make money is to be sneaky comes from
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[11:42] What is a scam?
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[14:21] Multi-level marketing schemes as an example of a scam
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[16:28] Scams in real estate
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[20:23] Cryptocurrency scams explained
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[24:06] What is a Ponzi scheme?
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[26:49] The five elements of a scam
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[33:24] The secret to wealth creation and success
Links and Resources