You’d never fall for it, right? Scams can look so obvious from the outside. “How could they have let that happen?” we ask. Reading about Bernie Madoff or some of these other big “scammers” from history, it’s easy to think of how gullible the victims must have been. Being in the midst of it, though, leads to the true, deeper, and disturbing story. Radhia Gleis knows how scams work because she was in a cult for over 20 years. Today she shares the story of how she sunk deep into a con and then also explains the pain and immense disappointment she experienced when she realized it was all a lie. It’s a fascinating story about searching for meaning and how scammers maintain their power. We’ll help by giving you tips to avoid being scammed as well.
During our headline segment, we dive into another troubling situation: the current situation in Ukraine. While there are far more important aspects of this conflict than your money, the only one we’re qualified to comment on is the effect on your portfolio, so we’ll do that today. Market volatility has ticked up again and we talk about while it signals some horrible events happening in the world, why this might not be as bad as it sounds for your investments. We’ll also answer Lacey’s question about saving for nieces and nephews (what should she use to save some money for them?) and also, Doug will share his amazing trivia.
- Russia seeks to halt investor stampede as sanctions hammer economy (MSN)
Big thanks to Radhia Gleis for joining us today. To learn more about Radhia, visit her website. Grab a copy of her book The Followers: Holy Hell and the Disciples of Narcissistic Leaders: How My Years in a Notorious Cult Parallel Today’s Cultural Mania.
Watch the full interview with Radhia below:
- Which batman began his career operating Mr. Rogers’ trolly?
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- Lacey and her husband save into an Ally savings account for their nieces and nephews each year. She wants to know if there’s a better option than a savings account for this money.
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Written by: Brooke Miller
Miss our last show? Listen here: Why Some People Will Always Be Poor (with tax prep tips from The Bookkeeping Artist) – REWIND