Don’t get financially scammed!

Adithi Volunteers
May 25
3 min read

Having money is one thing, keeping it.......a whole different story. In this post we’re going to talk about the most common financial scams played on beginners in finance. Yes, some of these may seem obliviously obvious, but in the moment and under pressure, your brain works very differently. Let’s go!

You after reading this 😎

Which of these two scenarios is safe and not a scam?

A stranger slides into your emails and writes, “I love your look and want to make you a princess. Let’s meet up and just as an assurance I’ll give you $3000”.

A white van pulls up by the side of your house and says, “I have candy of all types if you hop in the back.”

ANSWER REVEAL

THEY’RE BOTH SCAMS. WOAHHHHH

The phishing scam.

NOT spelled fishing. This is any type of email, calling, or texting in which a hacker is trying to get your personal or financial info.

A common example of phishing is when an email says, “your bank information has been compromised! Send us your password to fix it!” The catch, they will have an email address that looks very similar to that of the banks and may even include a formal signature and link.

NEVER CLICK ON LINKS from unsure sources. And NEVER send out personal info over email. Sophisticated hackers like to create a sense of urgency in an individual, causing them to misread their slight differences in email handle or URL link. Phishing can happen to anyone and can be really easy to look over.

Steps to avoid getting phished 🐟🐠:

Look for HTTPS in URLs and a padlock sign
If any “urgent email” comes from bank, look up the bank on google, don’t go based off the links
Most “free” discount coupons or “free vacations” aren’t actually free sryy look at these very cautiously
Once your information gets out, it's out there, so be very sure of who you are sending it too

The Investment Fraud.

For any and all types of investments. This is any misleading or false information used to convince you to invest in certain things, whether it be stocks or a new fitness program.

Like before, anyone can pull off investment fraud and something I want to mention is, just because an influencer promotes something it DOES NOT make it safe. You may think that many hackers will hide and try to stay “off the grid”, but in reality some influencers may be and are selling fake courses to try and gain money out of their audience, which then they disappear.

Don’t believe me look up Jay Mazini, Tyler Bosseti, or simply “influencers who committed investment fraud” – it’s true I swear. So, ALWAYS do your own background information regardless of who it is, whether an influencer or even your trusted ones and anyone and everyone can fall to investment fraud.

Warning Signs 💥💥:

High Reward, No risk guaranteed

All investments come with a level of risk, that’s just the way it is. And its a thumb rule to consider the higher the reward the higher the risk

FOMO (fear of missing out)

Just like influencers promoting investment fraud scams, FOMO can be leveraged and used to convince anyone to buy their set thing. Don’t succumb to FOMO

Trust Trap

Hackers think that if they can get your loved ones, they can get you. Anyone can fall to scams, so always do your own background research to protect yourself and your loved ones.

Pressure to Buy

No questions answered

Scams TRULY can happen to ANYONE. Please don’t think you’re safe just because of age or “technology-abilities”. Many hackers are smart and know how to get your information in a smart, well-planned manner.

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