Money Scams to Watch Out For in 2024

According to the FTC, consumers reported losing nearly $8.8 billion to scams in 2022. And cyber criminals keep switching up their scamming tactics based on current events and our constantly changing digital landscape. In today’s video, we’ll talk about some of the scams to watch out for in 2024 and how to keep your bank account from being cleared out by these cunning crooks.

George Kamel is a personal finance expert and co-host of The Ramsey Show. Following Ramsey’s proven money plan, George went from negative net worth to a millionaire in under 10 years. His goal is to help people spend less, save more, and avoid money traps so they can live a life with more margin, options and freedom.

This channel will simplify complex money topics, bust money myths with actual facts, and debunk the stupid financial advice you're seeing in your social media feed. All with a healthy dose of pop culture, humor, and snark.

[hunkeringdownwithlanny]

I dont even answer my phone anymore, i let it go straight to voicemail. Thats how many scam phone calls i get. If I don't have you in my contact list I dont answer or call you back. Thats my rule.

[acceptyourchallenge]

piece of advice; if you buy anything online locally always meet at the local police station to do the transaction. Scammers will try to get you to meet else where but insist on the local p.d. If they are legit they wouldn't be an issue. If they say no, walk away. I got robbed for a cell phone and cash earlier this year from a marketplace scam.

[bigcahuna]

I get text messages about once a week from unknown people wanting to buy my house and saying they will pay me cash on the spot regardless of its condition. I'm not falling for this. I will never sell my house without an attorney and a realtor.

[frederickvalencia]

I got a phone call from the IRS saying i owe money. I said ah okay come and arrest me. I lol because my wife works for the IRS. I have also got a text msg saying my apple account is hacked. I never owned an apple product. I think they just cast large net of something and hope to get a catch. Just FYI IRS will send you letters before they ever call you.

[Joenzinator]

My friend fell for the scam where you get a "job", and they send you a check to buy home office equipment, and then give you a website you have to buy the equipment from. The check bounces of course, and there is no office equipment.

[gene_takavic]

Don't buy puppies, period! Go to your local shelter and adopt one.

[davidpowell]

The high pressure construction guy/salesman who comes to your door noticing that something about your house needs attention-the loose mortar on the brickwork or chimney, paint, sagging gutters whatever. Might severely overcharge you, collect money up front and abscond, or deliberately create more damage that he then says you must have him repair at much higher cost. Might claim that he has left over supplies from working at a nearby home and can give you an attractive price. Then maybe "bait and switch". Says your problem much worse than it looked.
Best not to answer the door if you know that one of these is knocking.

[angelorottinghaus]

Can’t wait to report my insurance as a scam been finding them money for years and never got anything in return but more bills in the mail😂

[VBoo]

Im Nigerian (and also from an actual traditionally royal Nigerian family), I remember a Nigerian trying to scam me. I saw the name and immediately knew the language so I contacted them back in the local language saying that I’d be happy to give this so called Prince money. Idk why, he never contacted me again lol.

[whywouldigivemyrealname]

The only advice here that is wrong is the password advice. Length is all that really matters. Just take a few words that have meaning at the time, make a little story and put them into a string of like 24+ characters. Then add MFA and even if you’re notified of a breach they won’t have your MFA token and you only need to change whenever you feel like it. The change passwords stance was a choice on a whim and has been disproven. Make your password easy for you to remember and hard for the computer to guess, not the other way around.

And use a password manager.

[TheFattestDad]

George slowly becoming the Goat Ramsey personality

[mic]

The problem with changing passwords is you will never remember them and then have to go through risky behavior to get on site

[izy]

I was a victim of a Roomate scammer. I posted in. FB group looking for a Roomate and someone messaged me and sent a check to hold her spot. Then I got weird vibes and sent the money back but then the bank reversed the deposit because it was a bad check… now I know how bouncing a check works any to not accept checks from strangers 😅

[debrapbates]

I am looking for a job. I have received emails for jobs I applied for. Saying they have to run a credit check before they can hire. Not to mention they are starting a new business and need to do interviews at their home.

[michaelcarter]

The puppy dog scam they can also do with any type of pet. I almost fell for one when getting a pet bird. What stoped me from getting scammed was I followed my rule of “cash only and in person” once they asked for an online payment I called BS. They also changed their physical location to another state.

[CareyBoeckx]

This should be recommended to everyone!

[danieljohnson]

Someone scammed me into believing I could safely withdrawal 8% in retirement. I now have no money and am working as a greeter at Walmart.

[DaveMelton]

If you sell things online, don't use your own phone number. Use a burner phone/number. (Apps let you do this.)

[cheesecurds]

I fell for the dating site scam. Even talked to the woman on a phone a bunch of times. Supposedly was coming to visit me when "disaster" struck of course, had her purse stolen.. just needed a few hundred dollars to make the rest of the way blah blah blah.. I'm an idiot🤡

[westbccoast]

Another great video George, more of these warning/scam type videos, how to secure our bank accounts, best practices, 2FA etc, great types of everyone.