Ponzi schemes, tricks and scams!

Listener Kaitlyn was talking to her dad about investments and things strayed into the world of Ponzi schemes. Kaitlyn’s wondering what they are and how they work — good question! Bridget and Ryan want to answer Katilyn’s question but the topic conjures up some bad memories for Ryan. Luckily they get some help from Brenda Hammer, lead investigator from Bridget’s favorite show, “Scam Slammers!” Brenda uses her expertise and investigative skills to help Ryan pick out where he went wrong in the past and give some good tips for avoiding scams our listeners (even young ones!) might encounter in their everyday lives. If your family is interested in learning more about ponzi schemes, check out the page for this episode at our website. We’ve got discussion questions and tips for learning more! This episode is sponsored by Greenlight. (For a limited time, get $10 when you sign up for a Greenlight account at greenlight.com/MILLION).

Om Podcasten

Million Bazillion is a podcast from Marketplace that inspires families to talk about money. Described as “a godsend for anyone who knows a little kid with big questions about money,” by The New York Times, the podcast tackles questions from: “What is cryptocurrency?” to “How do I save money?” and “How does inflation work?” Hosts Ryan Perez and Bridget Bodnar take listeners on an awesome adventure to answer the awkward, complex and sometimes surprising money questions from real kids. Million Bazillion is made possible in part by The Ranzetta Family Charitable Fund and Next Gen Personal Finance, supporting Marketplace’s work to make younger audiences smarter about the economy. This podcast is presented by Greenlight, the debit card and investing app for kids and teens.