Scammers 'R Us

Networth and Chill with Your Rich BFF

Vivian Tu

News, Business, Careers, Business News, Entrepreneurship

4.4 • 1.6K Ratings

🗓️ 12 July 2023

⏱️ 23 minutes

🔗️ Recording | iTunes | RSS

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Summary

On this week's episode of Networth and Chill I'm talking all things financial scams. I'll be breaking down some of the most common money scams, including Payday Loans, Venmo Scams, and of course Ponzi schemes and MLMs. Some of these might not seem like scams on the surface, but I'm here to tell you how these situations can swindle you out of your hard earned money. And I'll be talking about one of the biggest scams of them all, Identity Theft. I'll give you a step-by-step guide for what to do if your identity gets stolen, and give you the tools necessary to undo the damage done and get your financial life back on track.

Here's who to contact if you are a victim of identity theft:
The Federal Trade Commision - identitytheft.gov
One of the following credit bureaus: Equifax (1-800-525-6285), Experian (1-888-397-3742), or TransUnion (1-800-680-7289)

Got a financial question you want answered on a future episode? Text me or leave me a voicemail at 908-858-3410.

Special thanks to our sponsors:
Olive and June: Use my link to get 20% off your first Mani System.
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Transcript

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0:00.0	What's up, Besties? Welcome back to another episode of Network in Chill with me, Your
0:11.0	Host, Vivian2, AKA Your Rich BFF, and your favorite Wall Street Curly. And honestly
0:16.9	today I'm here to talk about something that has been frustrating me and making me really
0:21.6	mad for a long, long time. So when I wake up in the mornings, the first thing I typically
0:26.3	do is post my daily piece of short form video content. And I'll post it on TikTok, on
0:32.1	Instagram, on YouTube, on Facebook, everywhere. And something that happens as soon as I post
0:37.0	these videos, like very, very soon after, is there's just an influx of comments from
0:42.9	bots. You'll see at symbols and hashtags that are like trade effects with Tyler, hashtag
0:49.2	wealth with Katrina, Brittany teaches you how to trade. Like there's just so many crazy
0:54.6	names. And then on top of that, there are certainly dozens of people on every single
0:59.2	platform who have somehow stolen my headshot and are impersonating me. And it's really,
1:04.0	really annoying because I obviously know that these are scammers. All of my accounts are
1:09.0	verified. I have a blue check, whatever. But I get really nervous that the BFFs are going
1:14.3	to fall for these scams. So today we are going to participate in my favorite past time.
1:21.8	And frankly, every single person I know's favorite past time, we are going to trash talk.
1:27.2	We are going to trash talk the biggest scams in the financial arena. And I'm going to
1:31.4	tell you why they're scams, how we're going to avoid them. And in some cases, what you
1:35.8	should be doing instead. So let's get to it. First and foremost, we're going to talk about
1:40.2	Ponzi schemes and MLMs. These are the classic scam. And when you think Ponzi scheme, a couple
1:47.5	names are coming to mind immediately. People like Jordan Belfort, Wolf of Wall Street,
1:52.1	you're thinking of Bernie made off. And yes, it's essentially where you're robbing Peter
1:56.1	to pay Paul. And you're essentially taking money from new investors to pay old investors
	...

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