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This is the stuff you millionaires in the making need to know to kick start or propel you on your financial fitness journey. Tracey Bissett, Founder of Bissett Financial Fitness and award winning Financial Literacy Champion, gives you the straight goods each week to set yourself up for financial success. As a former executive at TD Bank, one of Canada's Big 5 Banks, Tracey has worked with and in support of thousands of individuals and entrepreneurs to secure the financing they needed.  This hands on experience combined with her formal financial education, Masters of Business Administration and Chartered Financial Analyst designation, position Tracey uniquely to coach all things money. Tracey goes behind-the-scenes of all the money matters with need-to-know tips, money-making demystified, and special power-player interviews. Join us weekly for Financial Fitness Training that will turn even a Cash Couch Potato into a Marathon Money Maker.

Mar 21, 2023

Today we dive into the shadowy world of digital fraud and the sophisticated tactics used by scammers to lure unsuspecting victims. With March being Fraud Prevention Month in Canada, I want to emphasize the importance of being vigilant all year round to avoid falling prey to these scams. 

Listen in as I share eight common signs of digital fraud that individuals should be aware of, including high-pressure sales tactics, offers that seem too good to be true, requests for personal or financial information, and attempts to keep the transaction secret. By being aware of the signs and staying informed, you can avoid falling prey to these scams and keep your personal information and finances safe.

“Staying informed and vigilant is your best protection against fraud. - Tracey Bissett

This Week on Young Money:

  • How to protect against digital fraud.
  • Why we should be vigilant about protecting ourselves against fraud all year round.
  • The importance of remembering that sometimes deals are too good to be true.
  • Why you should never give financial information to an unknown source.
  • Why we should only take financial advice from reputable sources.

Key takeaways:

  1. If the offer is too good to be true, it probably is.
  2. Never give financial information to an unidentified or unverified business or individual.
  3. If something is made to be secret, it may not be a good thing.
  4. Being guilted into a transaction is not safe.
  5. Do your due diligence on the financial advice you take.
  6. Be aware of links and attachments.

Resources Mentioned:

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