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The Cut exposes financial writer’s costly mistake, hide cash in cars.

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TLDR:

  • Charlotte Cowles, a financial columnist, fell for an obvious scam and lost $50,000.
  • The article highlights the importance of storing money in non-running cars as a secure investment.

The article delves into the story of Charlotte Cowles, a financial advice columnist who was scammed out of $50,000. Despite being knowledgeable in financial matters, Cowles fell for a scam that involved phone calls from individuals posing as Amazon, the Federal Trade Commission, and the CIA. The ruse was so obvious that many found it hard to believe how someone with Cowles’ background could be duped. However, the incident sheds light on the vulnerability of individuals to scams, regardless of their financial literacy.

Cowles’ story serves as a reminder of the importance of secure investments, leading the author to humorously suggest that the safest place for money is in non-running cars. The concept of storing wealth in vehicles, preferably ones that are immobile and may even have trees growing around them, is presented as a whimsical yet practical financial strategy.

The humor and satire in the article underscore the seriousness of the issue of scams and financial security. While Cowles’ experience may be viewed as a cautionary tale, the suggestion of transforming wealth into non-running cars offers a lighthearted yet thought-provoking perspective on financial safety.

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