We all like to think we are smart, independent, in full control of our lives, and there is no way any of us would fall for a financial scam, like those lonely old seniors do, because “that happens to them, not to me, because I am smart.”
But the truth is, even smart people fall for it, people with master degrees, people who work in academia, people running large business… Even I could fall for this.
And how did you learn to recognize it?
One of my best friends moms said she knew the guy and it seemed like a legit investment thing. This lady was the CIO of a fortune 100 company so at the time I felt like surely she knew what she was talking about. She did not. She was honestly one of the most financially ignorant people I’ve ever known. Fortunately it was just a few grand.