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When we envision the type of person who falls for a financial scam, there are usually a few key characteristics that come to mind:They may be elderly, using a landline phone, or in a state of panic as the person on the other end of the line informs them that if they don\u2019t hand over $10,000 immediately, they\u2019ll be arrested. But those stereotypes are just plain wrong.\xa0\nCharlotte Cowles, the Cut\u2019s financial advice columnist and a longtime freelance business columnist for The New York Times, fell for an elaborate new scam that involved Amazon, the FTC, threatening her child, and handing a box with $50,000 in cash through the window of the backseat of a car.\nIn Mailbag, we hear from a listener who\u2019s wondering what the difference is between an hourly financial advisor and one that charges a flat fee. We also address how to shop around for title insurance when you're buying a home. In our news of the week, we talk about the big changes coming to the commissions we pay when we buy and sell homes, what the producer price index (or PPI) coming in hotter than expected means, and a new study about how Americans are feeling about their finances.\nTakeaways:\n\nYounger adults are more likely to fall for online scams.\n\nScammers use psychological tactics such as authority and isolation to manipulate their victims.\n\nTalking about scams and sharing experiences can help prevent others from falling victim.\n\nIf something seems too good to be true, trust your gut and question it.\n\nBe cautious of phone calls or messages from unknown sources and verify information independently.\n\nReport scams to the appropriate authorities and seek support from trusted friends or family members.\n\n\n\nChapters:\n00:00 News You Can Use\n6:43 Charlotte's experience\n12:15 Psychological tactics used by scammers\n28:32 Red flags to look out for if you think you\u2019re being scammed\n32:43 Mailbag with Julia Chatzky\n\nJoin us! Snag all the latest episodes, savvy budgeting tips, investing advice and even giveaways via the HerMoney Newsletter at Hermoney.com/subscribe!\n\nThe HerMoney with Jean Chatzky podcast is sponsored by Edelman Financial Engines. The podcast team and its host are neither employees nor clients of EFE, however, the show does receive fixed compensation and is a paid endorser and therefore has an incentive to endorse EFE and its planners. To learn more about the sponsorship, please visit PlanEFE.com/HerMoney.\n\ufeffPlease contact advertising@airwavemedia.com if you would like to advertise on our podcast, and to learn more about Airwave, head to www.airwavemedia.com.\nLearn more about your ad choices. Visit megaphone.fm/adchoices