everyone has their own unique views and needs when it comes to financial success if you'd like to leave your financial woes behind and live a life of Financial Freedom you've come to the right place Welcome To Die saving with Steve show hosted by Steve Sexton the show will help you with the ins and outs of money we talked about financial issues that could be costing you thousands of dollars and keeping you up at night we talked about money tax reduction saving more spending less 401K risk management retirement and everything under the sun that relates to you having a healthier happy relationship with money now your is your host of saving with Steve Steve Sexton<br> shall we talk about the ins-and-outs of money prayer<br> everything to you having a happier healthy relationship with money I do want to thank you for joining us today I want to thank you for sharing with your friends and family we just reached the 675,000 Milestone here in the United States over 100,000 overseas that are following and listen to it so thank you again out today we've got something very very interesting folks artificial intelligence is been here for a while for all its benefits there's a big-time drawbacks scammers use AI to mimic voices of loved ones in distress is lots of headlights like this one artificial intelligence is making phone scams more sophisticated and more believable scanners are now using technology to call invoices including those of friends and family we have Simon Horace & Dickie big expert with on a photo to help us understand<br> what's happening and what we can do about it so with that I'm also going to be talking about what are the signs to delay your retirement as I said we're going to be talking about AI scams today we have a i d pay expert Simon Horace well he used to work as a migration afternoon UK for almost 10 years became an expert document examiner and excelled up the line without a father when he's a fraud special senior manager now that probably doesn't and it's not indicative of all the he does and I'm going to bed he has some really cool story but today we're here to talk about AI in the scams Simon welcome to the show I really appreciate your being here thanks for inviting me and let's start talking about the thing is now we're starting to hear about how people are using AI to mimic voices of friends and family to scam people out of money all sorts of things so could you kind of shed light on that for us<br> grounds for a long time official intelligence for puppies give you a time machine machine with talking about voices being cloned people being emulated decision. Now it's just typing more of a prominent slightly it's become more common this is something I've started seeing scams being perpetrated receiving calls from people with the the correct noise so the boys they were expecting to hear being told to transfer money so it's not sleeping you it's just grabbing a lot of headlines because now everybody's talking about I I become a lot more accessible which I think is the problem previously with talking about something that was harder to perpetrate you needed more technical ability of the facility<br> it's readily available but now it's become a little more prevalent a lot easier to get a hold of any data a lot easier to use and that's why we're starting to see this increase is younger people experience fraud and financial loss a lot more than older people but we all know older people have much more to risk cuz obviously they have more money so what's happening with younger people where they are experiencing more frequently is it more trusting is it just there's so in tune to the technology and don't think what do you see that is the issue. I think that's definitely part of it young people Embrace technology more quickly I think tonight I know all they trade a hotspot I don't even know what to do do my find something like that I'm not think that's possible and with it may be there<br> I know I need to see what maybe I like your vacation but certainly by young people might stray stray onto things or click on the wrong lane or accidentally downloaded something I think the problem we have is the old people all defenseless because it sure would have been writing to them and just the idea that something like this could happen it is might be a bit beyond them whereas young people will find a solution to it you will have Aiden take tacos or someone on YouTube talking about the fact that they just being hit by this scam so they put it out there so then people become a bit more where to pop up on social media posts of the older generation may be on in touch with social media or in any of these Avenue so they don't get that expression to it has to come from more traditional means that there will be no way Jimmy that lifestyle give us an idea of how one of these scams would take place I understand they're mimicking voices but walk us through when somebody might hear if they were get a phone<br> call or how I emailed that type of stuff so you're probably losing to do just recently we've had a couple of cases where a parent has been find out and they heard the voice of the child and taking me and then refused to attend coming in off of money or if it's in case the car accident or staff will continue to tell them can you send me my money by this means I haven't got any other access to the funds and the problem is that it's a cloned voice it sounds exactly like the person you expected to at least the time does the sound does maybe they don't use the same phraseology and not spawning one of the key things I took so people can scout for but in his absence<br> order these scans are basically the same as the classic imposter scan now I don't know which would be pleased for you and necessary where the Imposter scam that we had these around for quite a while and they might be more familiar with it in the email phone or the text message form or possibly even the social media that is not based on Facebook on that show where someone is someone else I'd had an old colleague email me inside out I think it was supplying to email if I'm in this country adjustable of my stuff stolen if any of you can send me some money then it really helped me out so I can get everything sorted out and right on the story will be 2 or 3 days before my possible comes true and I need my possible to get a new bank card so I'm completely stranded that's the same way it's just what foods is it doing in style using voice because people are even less suspicious that. Especially if it sounds like the person previously maybe pretended to be a person<br> why so try to sound like that person now you've generated apps that can synthesize a voice of a plane that voice in Bill time so it's a minimal amount of days we'll meet you at that person's say something so you could just a small amount of training material to generate literally anyting should be food safety need to type will speak and it will be kind of interesting every time I was just thinking back to seven or eight years ago when my grandma was who is in her nineties alive she got a phone call from somebody who sounded like my older brother the person said that he was in Mexico he was in jail need a little bit of help to get out of jail and all that kind of stuff Grandma's kind of the smart type so she called my dad and my dad calls my brother who's in the middle of meeting at is it was like wow this is exactly the things that people need to be aware of so<br> tiny scan Sunny any of the times I see there's always a time-sensitive nature to it there's always some kind of emergency and weed eating pasta scans already playing that incident with the target so that you are confused to act quickly not think this is Arjun Arjun Arjun emergency there's no time to ask questions no time to take this as anything but why should I do so that's kind of stepped on it so positive social engineering and I wanted her children along guys are so kind of like reason you guys out the window if you know where this kind of thing is possible then yeah it just makes it dangerous<br> yeah I just thinking you could put the apparent in that bubble they just get them and there's millions of people in the United States there's hundreds of millions of people so they just need one that's not aware it's a numbers game it is completely in a guy with any of these scandals if you look at the email scams and the text message when you actually read the text when you read the the same types of the sentences the spelling mistakes and everything then they can appear quite obvious but that's because they know Target's thing<br> they're looking for the person the Easton taking back out if you like you can take someone's intelligence or their suspicions that it was it was a scam and that it allows you think I pissed you going to be able to talk it will keep this one going as opposed to I spotted a rustic last question strikes do I will save up on the Simon you don't want to stick with this week I'll be right back with more shaving with Steve we need to take a break<br> more expert advice for having a happier relationship with money still to come on the saving with Steve show<br> don't let your financial woes keep you up at night and prevents you from living a life of Financial and personal freedom hi I'm Steve Sexton post of the saving with Steve show where did he talk about the ins-and-outs of money those financial issues that could be costing me thousands of dollars causing stress keeping you up at night we're going to talk about money tax reduction saving more spending your investment risk management retirement and everything is so sweet with you having a healthier happy relationship with money soon as you've ever dreamed of living a life of Financial and personal freedom you owe it to yourself and your family to tune in to the saving with Steve show join me Steve section of the saving with Steve show as we talked about everything under the sun when it comes to money to learn more about the show visit saving with<br> leave. Us that's saving with Steve. Us saving with Steve. Us will see you soon<br> welcome back to the show that is here to help you achieve your financial goals it's the saving with Steve show now here's your host Steve Sexton a little welcome back to the saving with Steve show where we talked about the ins-and-outs of money today we're talking about a I scan with Simon horse well from honestly you do got that right just want to make sure explains how the scam takes place how to get actually recreate a person's voice in a very short period of time at Bay Simon how long is it actually take to do that it depends on the Moto it depends on the text and I some people said it takes about 10 minutes worth of material like 10 minutes with major to listen to have read all the places that we can be done with this way at least three seconds but I think it's down to the variety in the time if you can get some of the rights material across in that very short free second Gap would you be surprised how much you can say three seconds then. Gives you the right frame of reference to training model<br> degrees of how will these mobiles buffoon and how well they emulate them and they said things that people can do to try and listen to listen outfits I think you're the first segment I was talking about phraseology so how people to listening to Posey's interaction is another thing as well so that you have to react quickly if you could find someone off mid-sentence then he called me something that's completely synthetic a recorded message today while you try and get people to interact life if you were to Kings are real person then they would be able to answer questions in a reasonable amount of time that wouldn't be opposed you would expect very encouraging that voice other things you can do I mean one thing that's been suggested we friends and family at least you have some form of code what that's not a bad idea if I think maybe a little bit difficult doesn't work with everybody but what you can do recently asked questions of that person that you and I would know I know the obvious stuff like when's my birthday and all that kind of stuff you can find<br> the internet cuz you posted on social media but just talk like a lost and a bit off the Beaten Track that isn't easy to look up things in the In the Heat of the Moment it might be difficult to remember this but it's really important that you stick to those kinds of rules always listen now because there will always be some kind of essential oil be something that will lead to your finances or I'll be passing dizer something that you really wouldn't know me to get up so you have to ask and you have the decency those are the treatments for syphilis start with the ask what do they typically asking for in the way of money<br> maybe it depends on the Scamp yes of them winning post this game it can quite awesome baby wiring money but it will be through an online account because I have two of those My Account Details so I think we'll be seeing these kind of scams. Your business is things like gift cards cryptocurrency anything to find it is untraceable so that someone can take that and that's the money in that safe you can come retrieve it or you can track me down a gift cards have been quite popular as a secretary himself to this as well<br> what you're saying is they're asking for his compensation so to speak or income or dollars and cents in something that most people don't normally deal with so in other words they're not likely going to ask you for a traveler's check and we have to be there for your relative exact not going to happen again because it's a friend and I something like that will wiring it to this account because it's a dummy account has been set up no be someone there to retrieve it because you don't have to go down to the bank in person to retrieve it and just stay online literally the minute you know it's come in before I found out any yeah and then just shut out the account and then what type of information all requests are people making it could be a strike would a credit card they said it could be something along the lines of a PIN number it could be any of your personal details are condemned to use the perpetrator Sam further down the line you be amazed at some of the details of it<br> I always remember when I was at school we used to be the same way so I call you what you post on your first pet's name followed by your mother's maiden name<br> I will start I was great people think I know what it is and the next question would be I want your mother's maiden name really is another one that's like Will Be Your Star Wars droids name because stuff like that anyway that I can kind of cheeses information out then it doesn't seem that my second my mother's maiden name is all we got 45 years old so anybody that's in their twenties to their sixties to get hit up with that<br> no so I get away wow do you know what okay so wow so much in my life now he's on social media and you'd be shocked when you find out how many people who've done have privacy settings on something like a Facebook page or something similar and me and my colleague Rives Junction training about doing remind examination someone would do something like but they driving license online bank card online<br> wake up early side so I have to get a new card apparently there was some food on my account it seems as if you're not paying attention but it's more about your life that maybe you didn't intend to it it was really interesting that you're talking about that and never the movie Catch Me If You Can with a banal I was an event where he was talking about those things and he was telling us he says many people post their birthdates online and then they talk about where they were born the differences in the 80s scammers used to have to go down to the recording records and all that stuff now they can sit in their underwear and coffee in the morning and go scan from somebody because people provide so much information I didn't I'd seen him another exhibition as well and then I think one depressions are some of the New Year's picture do you think you find it harder if you were trying to perpetrate the same things now and<br> that's the whole point you're making it we post so much we get so much away so much of our Lives is done online and we don't think about the consequences of some of the stuff that we leave out there and it does make a big difference it's some Sunny now as well as you mention so someone saying I'm doing it with the benefits of I I know I mean that we can scout stuff out we can do it more quickly and we can do it in Boston a very very quickly we can use it for good and we can use it for L&M food today at the money but we're saying it's a lot of fruits that isn't just jumped on the bandwagon able to generate lots of stuff real quick and I'll do it at home or in a group of people where they cause traction but it's very very simple it's that much easier now than it's ever been that much it's so interesting about after he did that I went and looked at Facebook and and oh my God almost everybody I saw that I knew they were being allowed birthday people in the past<br> play where they used to live where they went to high school all these things you'd end up on a credit application you're like oh my God people can steal it's like a free it's free you don't have to go buy the stuff just by reading in so many people do people leave their lives because they just don't think it's something like this is how we have to educate make people aware of these things down to awareness it doesn't prevent you make sure you listen to tell me all about Mike ocean I mean this is just been an eye-opener for me information and when you're say that I said oh my God I never thought of that there is a CEO in the San Diego area that somebody called and said hey we're from the IRS for trying to transfer anything but your last two number<br> your bank account you know it just not allow me to go through one of those numbers and they gave him up and next thing you know that count was wiped out and then she was like can't believe it but in all it was her moving too fast try to get to the next task so anything like that again. I'm back in finding it was saying and I received a call from this loved one so I just got back before you take any action verify star on my body so somebody goes do I have a tattoo or what did we do last week you know that type of thing does a wonderful job doing this and we have people who run companies work with companies from all around that listen to her show how can people get ahold of your company to help with issues<br> like this to help them with their corporation so on<br> I'm sending you reach out to us on Fado that o n f i d e r o.com then you'll be able to find a whole lot of stuff material that myself and I've been putting out there you can reach out to this moved if you more information about how we can better protect the business and how we can better protect your costume is the best wife<br> time in thank you so much for being here could you say that email address one more time for everybody or that website address yet. Calm that's perfect everybody this is Simon horse well expert at on a feet oh thank you for being with this day we very very very much appreciate it I definitely want to have you on again and with that you don't want to stick with us we're going to be right back with more shaving with Steven need to take a break<br> more expert advice for having a happier relationship with money still to come on the saving with Steve show<br> don't let your financial woes keep you up at night and prevent you from living a life of Financial and personal freedom hi I'm Steve Sexton post of the saving with Steve show where to be talking about the in an ounce of money does Financial issues it could be costing me thousands of dollars causing stress keeping you up at night we're going to talk about money tax reduction saving more spending your investment risk management retirement and everything is so sweet with you having a healthier happy relationship with money soon as you've ever dreamed of living a life of Financial and personal freedom you owe it to yourself and your family to tune in to the saving with Steve show join me Steve Sexton on a saving with Steve show as we talked about everything under the sun when it comes to money to learn more about the show visit saving with Steve. Us that's saving with Steve. Us saving with Steve. Us will see you soon<br> welcome back to the show that is here to help you achieve your financial goals it's the saving with Steve show now here's your host Steve Sexton hey welcome back to the meeting with Steve show where we talked about the ins-and-outs of money you know everything under the sun to release you having a healthier have relationship with money today we're going to be talked about the sign you need to delay your retarded okay so for example you still you're still in that according to CNBC the average American is over $90,000 in consumer that the amount varies by age but having a lot of debt has assigned you need to let your retirement. Especially interest High interest rate that will put a strain on your retirement finances with titles net Financial emergency it's unexpected costs Louis can make or break your golden years you know what if you're struggling to pay your bills retirement is the significant Milestone it's crucial to ensure Financial stability before you take the lead if you're having difficulty meeting your financial obligations to your current income<br> I'm exasperated by the situation on the other hand if you delay your retirement you can give you more time to save up the other bills even winning one year can make it much greater Financial stability when you get into this right timing or because you really want to be pretty comfortable when you're retired now probably plan for emergency help too expensive Health Care is a substantial consideration and expense during retirement emotion the visuals are eligible for Medicare and with retirement Health Plans additional years of employment might be a Lifeline for maintaining necessary potential healthy costly health insurance coverage it's not just about the money it's about tutoring help which is Paramount to enjoy your golden years what I found people don't have the health insurance or don't have the money they go down there. Go to the doctor where they meet or not that Chris problem down the road next you haven't accounted for Social Security and you can take Social Security at 62 but you won't qualify for the four<br> benefits of your 66 or 67 and you know obviously depends on your birthday but it's a significant portion of your time with this one of the guaranteed income streams that you're going to have you want to make sure when you look at your retirement that Social Security is being matched and eyes in the context of maximize your assets and retain your asset I mean some people find out it makes more sense to wait till they're 8 sixty-nine or seventy because they get 8% increase from the age of full retirement all the way up to the age of 75 piece which is very important is not having a comprehensive financial plan on having a financial plan for your retirement years is one transfer for things like expected longevity lifestyle goals if you don't have one you might want to delay your return if you don't have a financial plan that breaks down your monthly Courtney annual budget any incoming time but I recommend taking the time to Iron these things out<br> this means having an in-depth understanding of your expenses potential future expenses rate of inflation and how are those factors make stack up when you're compared to your retirement income without that critical moment you're going to go into retirement financially mine and very vulnerable now that's not have an emergency fund bottom line is you need three to six months worth of big bags if I like six months OK Google never know what Financial emergencies are going to bring the retirement I have in the aftershave guard you're going to put yourself in the position where you going to not have to cannibalize other assets and reduce your lifestyle retirement next one's a Big E<br> experienced significant significant investment losses in retirement<br> if you have Investments as soon as the currency of the market before retiring and withdrawing from them or example right now if you take a look at what's going on most people are investing they stopped the headline to what they seen her last few months is you know what the market without 16 70% it's almost back to even<br>trim Jen Jenna from November of 2021 so that means people have taken almost two and a half years to get to the point where they're even and they still in spending money which means they're cannibalizing her assets on top of that the market still completely overvalued I mean it's training at 31 times its earnings you're seeing significant financial bubbles economically<br> so if you look at those conditions you say hey if I'm going to retire in the next few years or this year it make sense for me to take steps now to look at ass it's a creative Mood retirements by providing income and dividends that won't catabolized by asset and have a significant downside protection now what is it the market is experiencing Downton when someone's considering retirement or in retirement his first four years they can mean-looking locking and loss if they don't need to start with you if they need to start withdrawing that money in like waiting another year or not being able to be prudent financial decisions could also ease the mental strength of watching a lifetime of saving take a hit when you need that big thing is if nobody wants to change a reduced price on retirement so make sure you write up that have the right investment allocation because the last thing you want to do is reduce your lies don't want to thank each and everyone of you for joining us today<br> wonderful we had Simon horse well which is just been outstanding what a lot of great information that organization and on if I do they're great with that I want to thank you all for joining us today will look forward to seeing you next time right here on saving with see you then bye bye<br> thank you for joining us for the saving with Steve show hosted by Steve Sexton to learn more about the show and how to become a guest or sponsor visit saving with Steve. Us that saving with Steve. Us join us again next time as we continue to talk about everything under the sun that relates to you having a healthier happier relationship with money this has been the saving with Steve show hosted by Steve Sexton<br>