Your Wallet: Cheating and money

Josh Woo Feb 6, 2015
HTML EMBED:
COPY

Your Wallet: Cheating and money

Josh Woo Feb 6, 2015
HTML EMBED:
COPY

Cheating in the financial world evokes reminders of big banks and insider trading — an image of the big company taking advantage of the little guy.

One little guy wrote to tell us how he tries to turn the tables on the big companies on a much smaller scale.

Chris Norrdin of Carlsbad, Calif., a retired public service worker, is always looking for ways to outsmart companies to make a little pocket money. He says he found a deal to test-drive a new Cadillac. The dealership thought the hook of a $100 gift card would be a great marketing tactic to get Norrdin to buy the car, but he says they had another thing coming.

Then, what do you do if you’ve been cheated? How do you come clean about cheating someone else? How do you even know it’s happening to you?

We posed these and other questions to Lauren Lyons Cole, certified financial planner and contributor to TheStreet.com, to help us figure out what to do in the face of financial cheating. Cole also addresses some of your financial cheating stories and explains potential repercussions of keeping a secret.

Tell us your own money story here.

We’re here to help you navigate this changed world and economy.

Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.

In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.

Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.