The crew discusses modern cash spending and the influence of digital scamming. According to the Federal Trade Commission, financial fraud increased by over 30% from 2021 to 2022, with total losses surpassing $8.8 billion. The biggest losses were to investment scams, including cryptocurrency schemes, which cost people more than $3.8 billion, double the amount in 2021.
The TFG crew discusses modern cash spending and the influence of digital scamming.
According to the Federal Trade Commission, financial fraud increased by over 30% from 2021 to 2022, with total losses surpassing $8.8 billion. The biggest losses were to investment scams, including cryptocurrency schemes, which cost people more than $3.8 billion, double the amount in 2021.
With the rise of the digital economy, scammers now reach targets by social media and text, as well as phone and email. Online payment platforms, apps, and marketplaces have also increased opportunities. Still, many of their tactics and strategies are similar.
What are digital scams?
All frauds that are perpetrated online through the use of digital devices (e.g. computers, tablets, smartphones) resulting for the victim in the loss of money, personal information, or passwords.
Wait what's a Financial Griot?
The crew discusses modern cash spending and the influence of digital scamming.
The Financial Griot is a play on two words (Finance + Griot) that hold significance in closing the wealth gap while embracing our differences. We tell the stories that others don't. Stories about growth, opportunity, and embracing changes. Beyond that, we talk about Finances. Specifically, how to become Financially literate, incorporate actionable steps, and ultimately build generational wealth.
Can you imagine being a Millionaire in 20 years or less? Yeah, it's possible. 80% of millionaires are the first generation. That means they didn't come from wealth. We teach you how. Join a community of subscribers who welcome a fresh take on money.
So there you have it, The Financial Griot, or TFG for short. The hosts were able to amass over $2 Million in wealth in about eight years and are on track to retire early. We will gladly share the secrets if you want them since the opportunity is abundant and Win-Win.
Find the TFG Crew Hosts on Instagram