How to Spot a Financial Scam

In this episode of the Money Meets Medicine podcast, hosts Justin Harvey and Dr. Jimmy Turner delve into financial fraud scams and how to protect yourself and loved ones. They share a listener's heart-wrenching story of falling victim to a scam that cost their parents millions in retirement savings. The episode covers various types of scams, including romance scams and gift card fraud, and emphasizes caution when dealing with high-risk investments. The hosts also discuss the importance of due diligence, especially for physicians who may be targeted due to their high incomes. Tune in to learn vital tips for safeguarding your finances and avoiding common pitfalls. Every doctor needs own-occupation disability insurance. To get it from a source you can trust? Visit https://moneymeetsmedicine.com/disabi...

Want a free copy of The Physician Philosopher’s Guide to Personal Finance? Visit https://moneymeetsmedicine.com

New York Times Article: https://www.nytimes.com/2024/07/29/bu...

01:56 Financial Fraud and Scams Overview
02:55 Listener's Story: A Devastating Scam
04:06 The Role of Financial Advisors
06:09 Common Scam Tactics
09:24 Protecting Yourself and Loved Ones
21:24 Real Estate and Ponzi Schemes
26:09 Accredited Investors and Risk
27:31 Conclusion and Community Engagement