1 00:00:31,060 --> 00:00:36,769 Suze: September 18th 2022 . Welcome everybody to the Women and 2 00:00:36,770 --> 00:00:42,019 Suze: Money Podcast and Everyone smart enough to listen. So just 3 00:00:42,020 --> 00:00:45,650 Suze: a few things before we start today Suze school. You 4 00:00:45,650 --> 00:00:47,460 Suze: have from today 5 00:00:47,690 --> 00:00:51,270 Suze: just 21 days left to take advantage of what KT 6 00:00:51,270 --> 00:00:55,430 Suze: and I call the do good account formerly known as 7 00:00:55,430 --> 00:01:00,390 Suze: the socially responsible checking account with Alliant Credit union. Now 8 00:01:00,390 --> 00:01:04,380 Suze: wouldn't you like to deposit $100 today and at the 9 00:01:04,390 --> 00:01:09,470 Suze: end of February 2023 that's just five months from now. 10 00:01:09,480 --> 00:01:09,920 Suze: Get 11 00:01:09,980 --> 00:01:15,750 Suze: $100 for yourself as well as Alliant will give $100 12 00:01:15,760 --> 00:01:22,160 Suze: to 1 of three charities of your choice. Alzheimer's cancers disabilities. 13 00:01:22,230 --> 00:01:25,230 Suze: Now of course you would. So how do you do that? 14 00:01:25,240 --> 00:01:30,070 Suze: All you have to do is go to my Alliant 15 00:01:30,080 --> 00:01:32,160 Suze: dot com slash good 16 00:01:32,680 --> 00:01:41,290 Suze: And deposit $100 into an Alliant credit union checking account. 17 00:01:41,380 --> 00:01:47,000 Suze: Then every month after that from an account, not at Alliant. 18 00:01:47,010 --> 00:01:52,900 Suze: Just electronically transfer into your checking account, it could be $5, 19 00:01:52,910 --> 00:01:56,790 Suze: it doesn't really matter anybody just do that. 20 00:01:57,000 --> 00:02:01,880 Suze: And by the end of February 2023 that is just 21 00:02:01,890 --> 00:02:03,600 Suze: five months from now. 22 00:02:04,380 --> 00:02:10,980 Suze: Alliant will give you $100 and the charity of your choice, 23 00:02:10,980 --> 00:02:14,100 Suze: one of those three after you open up the account 24 00:02:14,110 --> 00:02:18,990 Suze: you immediately deposit $100 and then maybe a few days 25 00:02:18,990 --> 00:02:22,370 Suze: later you will get an email from Alliant asking you 26 00:02:22,380 --> 00:02:25,779 Suze: which one of the three charities that they offer you 27 00:02:25,780 --> 00:02:29,960 Suze: want to give that $100 to via this account that 28 00:02:29,960 --> 00:02:32,370 Suze: alliance will do on your behalf. 29 00:02:32,730 --> 00:02:36,370 Suze: So you got to do this, why wouldn't you do this? 30 00:02:37,050 --> 00:02:42,680 Suze: So go to my alliant dot com slash good and 31 00:02:42,680 --> 00:02:46,820 Suze: just do it. We did it. Listen you can't pass 32 00:02:46,830 --> 00:02:51,780 Suze: up free money but remember you only have till October 33 00:02:51,780 --> 00:02:55,589 Suze: 7th to sign up for this account after that. It 34 00:02:55,600 --> 00:02:59,669 Suze: is too late by the way. One more thing for 35 00:02:59,669 --> 00:03:03,440 Suze: those of you who have the ultimate opportunity, savings account 36 00:03:03,450 --> 00:03:04,650 Suze: at Alliant 37 00:03:04,860 --> 00:03:06,600 Suze: And all of you should do that as well by 38 00:03:06,600 --> 00:03:12,730 Suze: going to my alliant.com. They are raising interest rates to 1.8% 39 00:03:12,740 --> 00:03:15,430 Suze: and I am sure you are going to see in 40 00:03:15,430 --> 00:03:20,750 Suze: my opinion many more increases as time goes on. 41 00:03:21,360 --> 00:03:25,750 Suze: All right, are we ready to go to Suze School? 42 00:03:26,540 --> 00:03:30,040 Suze: So last week was a miserable week in the stock 43 00:03:30,040 --> 00:03:34,090 Suze: market if any of you don't know. But then you 44 00:03:34,090 --> 00:03:37,950 Suze: shouldn't be surprised because we talked about this. We talked 45 00:03:37,950 --> 00:03:40,770 Suze: about this a month ago, two months ago and I 46 00:03:40,770 --> 00:03:43,230 Suze: said to you if you think that the markets are 47 00:03:43,230 --> 00:03:46,100 Suze: going straight up from here when in June and July 48 00:03:46,100 --> 00:03:48,300 Suze: they were going up up up up. I said I 49 00:03:48,300 --> 00:03:49,910 Suze: have a bridge to sell you 50 00:03:50,510 --> 00:03:54,070 Suze: and we talked about how when you dollar cost average 51 00:03:54,080 --> 00:03:57,619 Suze: and the markets go down that's the time you want 52 00:03:57,620 --> 00:04:00,460 Suze: to really start to put money in the stock market 53 00:04:00,470 --> 00:04:03,350 Suze: over a long period of time. 54 00:04:03,940 --> 00:04:08,750 Suze: We also talked about Ethereum, we talked a little bit 55 00:04:08,760 --> 00:04:12,420 Suze: about real estate in the past, but first I want 56 00:04:12,420 --> 00:04:16,659 Suze: to talk about inflation because you know I've said that 57 00:04:16,660 --> 00:04:19,330 Suze: these markets are not going to go up and up 58 00:04:19,330 --> 00:04:21,810 Suze: and up. We will not be at the end of 59 00:04:21,810 --> 00:04:27,130 Suze: a bear market until we see inflation start to come down. 60 00:04:27,750 --> 00:04:33,810 Suze: Now. Many of us were hearing on all these channels 61 00:04:33,810 --> 00:04:39,120 Suze: and other pundits saying we have peaked, inflation has peaked 62 00:04:39,330 --> 00:04:43,640 Suze: and everybody felt that way, especially you because as you 63 00:04:43,640 --> 00:04:48,610 Suze: were going into a gasoline station filling up your car, 64 00:04:48,630 --> 00:04:51,880 Suze: it was costing you maybe a dollar a gallon less 65 00:04:51,880 --> 00:04:55,050 Suze: some places then it had been costing you so you 66 00:04:55,050 --> 00:04:59,900 Suze: got your little heads into the mindset. Oh look inflation 67 00:04:59,910 --> 00:05:01,650 Suze: is coming down. 68 00:05:02,300 --> 00:05:06,680 Suze: The only place inflation was coming down that really affected 69 00:05:06,680 --> 00:05:10,339 Suze: you was at the gas pump, 70 00:05:11,529 --> 00:05:14,770 Suze: inflation continues to go up 71 00:05:15,029 --> 00:05:18,980 Suze: if you don't count energy in that in things known 72 00:05:18,990 --> 00:05:23,409 Suze: as services. So that means restaurants, when you go out 73 00:05:23,410 --> 00:05:25,790 Suze: to eat it's costing you more. When you go to 74 00:05:25,790 --> 00:05:28,679 Suze: get a haircut, it's costing you more when you go 75 00:05:28,680 --> 00:05:31,830 Suze: and check into a hotel, it's costing you more. When 76 00:05:31,830 --> 00:05:34,330 Suze: you go and buy an airplane ticket, it is costing 77 00:05:34,330 --> 00:05:36,570 Suze: you more when you want to go and buy a 78 00:05:36,570 --> 00:05:39,200 Suze: house or rent a house, it is costing you more. 79 00:05:39,210 --> 00:05:42,370 Suze: If you need health care and prescriptions, it is costing 80 00:05:42,370 --> 00:05:43,250 Suze: you more. 81 00:05:43,890 --> 00:05:48,560 Suze: So all of those things affect you personally 82 00:05:49,589 --> 00:05:55,730 Suze: and yet everywhere you hear, inflation has peaked. I don't 83 00:05:55,740 --> 00:05:56,850 Suze: think so. 84 00:05:57,730 --> 00:06:02,630 Suze: So what the Feds have to do to get inflation 85 00:06:02,630 --> 00:06:06,710 Suze: to come down is they continue to raise the Fed 86 00:06:06,710 --> 00:06:10,339 Suze: funds rate this coming week on Wednesday. We will see 87 00:06:10,339 --> 00:06:14,030 Suze: that they probably will raise it again maybe to about 88 00:06:14,029 --> 00:06:15,909 Suze: 3, 3 and a quarter percent. 89 00:06:16,730 --> 00:06:20,280 Suze: And if they do that, they expect that it's going 90 00:06:20,279 --> 00:06:24,740 Suze: to start to affect you because why mortgage rates will 91 00:06:24,740 --> 00:06:28,589 Suze: start to go up. Other things will start to go up. 92 00:06:28,600 --> 00:06:34,109 Suze: Businesses will start to close because they can't afford things anymore. 93 00:06:34,120 --> 00:06:36,460 Suze: They can't afford to borrow money at those high rates, 94 00:06:36,460 --> 00:06:40,130 Suze: whatever it may be and that they think will slow 95 00:06:40,140 --> 00:06:41,210 Suze: the economy. 96 00:06:41,510 --> 00:06:43,910 Suze: I'm not so sure I agree with them on that. 97 00:06:43,920 --> 00:06:46,640 Suze: But it doesn't matter what I think because that is 98 00:06:46,640 --> 00:06:49,430 Suze: what they are going to do and they are going 99 00:06:49,430 --> 00:06:53,990 Suze: to continue to raise the Fed funds rate until they 100 00:06:53,990 --> 00:07:01,450 Suze: see inflation at about 3% or at 8.3% right now. Okay, 101 00:07:01,460 --> 00:07:05,529 Suze: so we have a ways to go. So you have 102 00:07:05,529 --> 00:07:09,190 Suze: to keep your spending under control. 103 00:07:09,470 --> 00:07:12,970 Suze: You really have to have a plan. You know, recently 104 00:07:12,970 --> 00:07:16,580 Suze: KT and I were watching King Richard again, which was 105 00:07:16,580 --> 00:07:19,170 Suze: the story of the Williams sisters father 106 00:07:19,860 --> 00:07:25,640 Suze: and how he raised venus and serena to really succeed. 107 00:07:25,800 --> 00:07:28,610 Suze: And he would put up this little screen and it 108 00:07:28,610 --> 00:07:30,800 Suze: would say a little like you attack this thing up 109 00:07:30,810 --> 00:07:33,310 Suze: on the wall where they would play tennis, that would 110 00:07:33,310 --> 00:07:38,510 Suze: say if you don't have a plan, you plan to fail. 111 00:07:39,120 --> 00:07:42,730 Suze: So if all of you don't have a plan and 112 00:07:42,730 --> 00:07:49,150 Suze: start getting realistic about inflation and how it affects you 113 00:07:49,160 --> 00:07:52,410 Suze: and what you are doing with your money, then you 114 00:07:52,420 --> 00:07:56,520 Suze: truthfully are planning to fail. And that plan has to 115 00:07:56,520 --> 00:07:59,120 Suze: do with how do you invest your money? How do 116 00:07:59,120 --> 00:08:02,230 Suze: you spend your money, what do you do with refinancing 117 00:08:02,230 --> 00:08:05,660 Suze: your home? What do you do for income? You have 118 00:08:05,660 --> 00:08:07,530 Suze: to have a plan 119 00:08:08,520 --> 00:08:11,140 Suze: and you have to want to have a plan, you 120 00:08:11,140 --> 00:08:13,930 Suze: know when we're back in Florida because when we're on 121 00:08:13,930 --> 00:08:16,400 Suze: the island, there's really only two miles that you can 122 00:08:16,400 --> 00:08:19,780 Suze: drive on your little golf cart, very difficult to get lost. 123 00:08:19,790 --> 00:08:22,900 Suze: But you have to know when you're in, let's say 124 00:08:22,900 --> 00:08:25,440 Suze: Florida or you want to go somewhere, 125 00:08:26,030 --> 00:08:29,170 Suze: you put it in your little gps on your iPhone 126 00:08:29,170 --> 00:08:32,520 Suze: or whatever you use your starting point and where you 127 00:08:32,520 --> 00:08:37,080 Suze: want to get to and it shows you exactly how 128 00:08:37,080 --> 00:08:38,380 Suze: to get there. 129 00:08:39,190 --> 00:08:42,360 Suze: And if you go off plan, if you go off 130 00:08:42,360 --> 00:08:45,860 Suze: that route, it adjusts to get you back to where 131 00:08:45,860 --> 00:08:47,190 Suze: you want to go. 132 00:08:47,809 --> 00:08:50,550 Suze: Well, I wish we could develop a system of some 133 00:08:50,550 --> 00:08:53,220 Suze: kind where you put in, this is where you want 134 00:08:53,220 --> 00:08:55,710 Suze: to go financially speaking, this is where you want to 135 00:08:55,710 --> 00:08:59,599 Suze: end up, but it could catch you, if you go 136 00:08:59,600 --> 00:09:00,770 Suze: off plan, 137 00:09:01,440 --> 00:09:04,430 Suze: it's easy to tell you what you need to do 138 00:09:04,440 --> 00:09:08,110 Suze: to get there. It's another thing to say, but you 139 00:09:08,120 --> 00:09:11,670 Suze: aren't doing that, you have gone off course. 140 00:09:12,410 --> 00:09:15,239 Suze: So when you make a plan, you have to stick 141 00:09:15,240 --> 00:09:20,400 Suze: to that plan, you have to reevaluate that plan, adjust 142 00:09:20,400 --> 00:09:24,250 Suze: that plan so that you get to where you want 143 00:09:24,260 --> 00:09:28,459 Suze: to go. So how many times have I said to 144 00:09:28,460 --> 00:09:32,330 Suze: you that you have got to save yourself? 145 00:09:32,679 --> 00:09:38,350 Suze: The government cannot save you. They cannot even save themselves. 146 00:09:38,360 --> 00:09:41,770 Suze: I think they're totally confused on what they should and 147 00:09:41,770 --> 00:09:42,780 Suze: should not do. 148 00:09:43,390 --> 00:09:48,070 Suze: So, let's just take this down to a personal level 149 00:09:48,080 --> 00:09:53,190 Suze: right into your home for your situation because everyone of 150 00:09:53,190 --> 00:09:55,780 Suze: your situation is different. 151 00:09:55,950 --> 00:09:59,950 Suze: It's different. Some of you have a lot of disposable income, 152 00:10:00,020 --> 00:10:02,880 Suze: some of you don't have any at all. Some of 153 00:10:02,880 --> 00:10:05,800 Suze: you are living off of your Social Security checks. Some 154 00:10:05,800 --> 00:10:07,700 Suze: of you are wondering should you sell your house and 155 00:10:07,700 --> 00:10:10,469 Suze: buy another. Some of you are wondering if you're buying 156 00:10:10,470 --> 00:10:12,940 Suze: a house right now? Should you get a fixed rate 157 00:10:12,940 --> 00:10:14,460 Suze: mortgage or should you get 158 00:10:14,485 --> 00:10:19,635 Suze: a variable rate mortgage? You're wondering about all of these things. 159 00:10:19,645 --> 00:10:22,954 Suze: So let's see if I can answer with just a 160 00:10:22,955 --> 00:10:27,855 Suze: few of my thoughts on where I think we are 161 00:10:27,865 --> 00:10:32,915 Suze: going and what actions you should and should not take. 162 00:10:33,434 --> 00:10:38,599 Suze: Let's start with real estate. We have a problem here. 163 00:10:39,220 --> 00:10:44,040 Suze: And the problem is this, most people who buy a 164 00:10:44,040 --> 00:10:48,960 Suze: home do not buy it outright. They finance it. 165 00:10:49,740 --> 00:10:52,770 Suze: So here we are. We have many people who have 166 00:10:52,770 --> 00:10:55,360 Suze: tremendous gains in their homes 167 00:10:56,010 --> 00:10:59,020 Suze: and they want to sell it. They may want to 168 00:10:59,020 --> 00:11:02,520 Suze: buy a new home, a new piece of real estate. 169 00:11:03,350 --> 00:11:06,100 Suze: Now, if they could buy another piece of real estate 170 00:11:06,110 --> 00:11:10,020 Suze: and pay for it outright. Okay, no problem. But if 171 00:11:10,020 --> 00:11:14,260 Suze: they have to finance a piece of real estate, 172 00:11:14,809 --> 00:11:19,959 Suze: They are possibly going to go from a 2.5 or 3% 173 00:11:19,970 --> 00:11:22,780 Suze: interest rate that they are paying on their mortgage right 174 00:11:22,780 --> 00:11:28,850 Suze: now to 6, 6.5 could go to 7%. They may 175 00:11:28,850 --> 00:11:32,900 Suze: find that their payments for a new house, that might 176 00:11:32,900 --> 00:11:36,610 Suze: even be a smaller house will be more than the 177 00:11:36,610 --> 00:11:40,910 Suze: payments that they're paying on their large house right now. 178 00:11:41,640 --> 00:11:44,100 Suze: So a lot of people are thinking, 179 00:11:44,630 --> 00:11:47,120 Suze: oh my, I don't think I want to do that. 180 00:11:47,130 --> 00:11:49,030 Suze: I don't think I want to do that because not 181 00:11:49,040 --> 00:11:51,860 Suze: only will I be paying a higher interest rate, but 182 00:11:51,860 --> 00:11:55,760 Suze: I'm going to be paying higher property taxes and insurance 183 00:11:55,760 --> 00:12:00,150 Suze: costs because it is very probable that the States will 184 00:12:00,150 --> 00:12:04,730 Suze: continue to raise property taxes. Insurance companies will continue to 185 00:12:04,730 --> 00:12:08,890 Suze: raise insurance costs because of all the costs that the 186 00:12:08,890 --> 00:12:10,940 Suze: individual States are having 187 00:12:11,500 --> 00:12:16,270 Suze: and the damage throughout the entire United States of the heat, 188 00:12:16,280 --> 00:12:21,850 Suze: the floods, the rain is causing in terms of claims 189 00:12:21,850 --> 00:12:26,990 Suze: for insurance companies. So your costs are higher. So a 190 00:12:26,990 --> 00:12:30,820 Suze: lot of people are just starting to stay put 191 00:12:31,600 --> 00:12:36,860 Suze: when they stay put that then takes inventory off of 192 00:12:36,860 --> 00:12:41,830 Suze: the market for other people to buy. So that shrinks 193 00:12:41,920 --> 00:12:49,520 Suze: the inventory. And when there's less inventory, prices stay stable 194 00:12:50,700 --> 00:12:54,350 Suze: when inventory is vast and you can have your choice 195 00:12:54,360 --> 00:12:58,980 Suze: of buying any house that you want, then prices tend 196 00:12:58,990 --> 00:13:01,740 Suze: to go low because you have a choice when you 197 00:13:01,740 --> 00:13:06,240 Suze: don't have a choice, that's when prices stay stable or 198 00:13:06,240 --> 00:13:11,090 Suze: go up at the same time many of you because 199 00:13:11,100 --> 00:13:13,229 Suze: prices have gone up so much 200 00:13:14,020 --> 00:13:18,090 Suze: That let's just say you were buying a $400,000 home 201 00:13:18,880 --> 00:13:23,550 Suze: From one year ago till right now, it would cost 202 00:13:23,550 --> 00:13:28,319 Suze: you about $700 more a month for the exact same home. 203 00:13:28,330 --> 00:13:32,520 Suze: If you could find the exact same home for $400,000 204 00:13:32,530 --> 00:13:33,770 Suze: a year later. 205 00:13:34,750 --> 00:13:37,780 Suze: So now a lot of you are starting to think 206 00:13:37,790 --> 00:13:42,600 Suze: maybe I should not buy property which then gets the 207 00:13:42,600 --> 00:13:47,850 Suze: home builders and everybody that puts inventory on the market 208 00:13:47,850 --> 00:13:52,530 Suze: for all of you to stop building and that's essentially 209 00:13:52,530 --> 00:13:56,760 Suze: where we are right now. Now if you go back 210 00:13:56,760 --> 00:14:04,690 Suze: to 2006, 2008, truthfully, a 6% mortgage rate was not uncommon, 211 00:14:05,309 --> 00:14:09,000 Suze: it didn't stop anybody really from buying a home back then. 212 00:14:09,010 --> 00:14:12,679 Suze: But home prices back then were not what home prices 213 00:14:12,690 --> 00:14:14,090 Suze: are today. 214 00:14:14,600 --> 00:14:18,890 Suze: So you have to look at your situation now because 215 00:14:18,900 --> 00:14:21,980 Suze: interest rates on mortgages are so high. 216 00:14:22,490 --> 00:14:24,960 Suze: A lot of you are thinking you should do an 217 00:14:24,960 --> 00:14:26,950 Suze: adjustable rate mortgage 218 00:14:27,680 --> 00:14:30,790 Suze: because you think you're going to buy this house, you'll 219 00:14:30,790 --> 00:14:33,400 Suze: be out of it in four or five years and 220 00:14:33,400 --> 00:14:36,450 Suze: so why not lock in maybe half a percent less. 221 00:14:36,460 --> 00:14:39,350 Suze: I do not think it is worth the risk. Everybody, 222 00:14:39,410 --> 00:14:42,960 Suze: if you are going to buy a home, I really 223 00:14:42,960 --> 00:14:46,590 Suze: want you to buy a home with a 30 year 224 00:14:46,600 --> 00:14:50,760 Suze: fixed rate mortgage. Or if you can afford it a 225 00:14:50,760 --> 00:14:53,810 Suze: 15 year fixed rate mortgage, 226 00:14:53,970 --> 00:14:57,190 Suze: there's a law of money. And one of those laws, 227 00:14:57,220 --> 00:15:00,400 Suze: my laws go like this, you have to invest in 228 00:15:00,400 --> 00:15:02,670 Suze: the known versus the unknown. 229 00:15:03,330 --> 00:15:05,870 Suze: We do not know where interest rates are going to 230 00:15:05,870 --> 00:15:09,510 Suze: be five years from now. And you really need to 231 00:15:09,510 --> 00:15:15,840 Suze: understand how adjustable rate mortgages work. So at this point 232 00:15:15,850 --> 00:15:18,840 Suze: at this point, it's still not that high of an 233 00:15:18,840 --> 00:15:20,940 Suze: interest rate. If you're going to buy 234 00:15:22,000 --> 00:15:25,060 Suze: comparatively speaking to really history, 235 00:15:25,980 --> 00:15:29,020 Suze: just get a fixed rate mortgage because we do not 236 00:15:29,020 --> 00:15:32,010 Suze: know where you will be five years from now or 237 00:15:32,010 --> 00:15:34,580 Suze: six years from now. What if all of a sudden 238 00:15:34,580 --> 00:15:38,090 Suze: you can't buy another home or you can't qualify for 239 00:15:38,090 --> 00:15:41,810 Suze: another mortgage because your credit has been ruined because maybe 240 00:15:41,810 --> 00:15:44,600 Suze: you had an accident or some medical repairs that you 241 00:15:44,600 --> 00:15:47,410 Suze: couldn't pay for because our health insurance in this country 242 00:15:47,410 --> 00:15:50,930 Suze: is absolutely crazy and all of that. 243 00:15:52,050 --> 00:15:56,530 Suze: So can you just invest in the known versus the unknown. 244 00:15:56,570 --> 00:16:00,530 Suze: Which is why I still want every single one of you. 245 00:16:00,530 --> 00:16:05,700 Suze: If you can to be doing a Roth retirement account, 246 00:16:05,710 --> 00:16:09,260 Suze: I do not care about the tax savings that you 247 00:16:09,260 --> 00:16:13,440 Suze: would get right now with a traditional retirement account. 248 00:16:13,830 --> 00:16:17,040 Suze: If you are eligible for a Roth ira you should 249 00:16:17,040 --> 00:16:20,300 Suze: be doing a Roth ira along with the Roth ira, 250 00:16:20,300 --> 00:16:23,640 Suze: you can also have a Roth retirement account where you 251 00:16:23,640 --> 00:16:29,790 Suze: work a Roth tsp a Roth 401k a Roth 403 B. 252 00:16:29,870 --> 00:16:33,720 Suze: If you can do that, you should do that. 253 00:16:34,110 --> 00:16:36,640 Suze: I've done way too many podcasts on it. So you're 254 00:16:36,640 --> 00:16:40,130 Suze: just gonna have to go to the women and money app. 255 00:16:40,140 --> 00:16:46,140 Suze: Search for past podcast put in Roth iras and to 256 00:16:46,140 --> 00:16:50,420 Suze: get the women and money app, just go to Apple 257 00:16:50,450 --> 00:16:54,180 Suze: apps or Google play, download the Women and Money app. 258 00:16:54,190 --> 00:16:55,260 Suze: It is free. 259 00:16:55,710 --> 00:16:59,790 Suze: And then you have searching capabilities of past podcasts and 260 00:16:59,790 --> 00:17:02,900 Suze: that is also where you can ask questions that come 261 00:17:02,910 --> 00:17:08,630 Suze: into Thursday's Ask KT and Suze anything. Obviously you can 262 00:17:08,640 --> 00:17:12,190 Suze: also send in a question to ask Suze S. U. Z. 263 00:17:12,190 --> 00:17:17,550 Suze: E podcast at G mail dot com. Alright also I 264 00:17:17,550 --> 00:17:19,429 Suze: just want to have to say one other thing. It 265 00:17:19,430 --> 00:17:20,970 Suze: is through that app 266 00:17:21,280 --> 00:17:23,590 Suze: That if you want to do things like buy the 267 00:17:23,590 --> 00:17:30,350 Suze: must have documents for $99 versus $199 on my website, 268 00:17:30,359 --> 00:17:35,830 Suze: you can get discounts on the app for all the 269 00:17:35,830 --> 00:17:39,969 Suze: products that are available to you to purchase to help 270 00:17:39,980 --> 00:17:45,929 Suze: you stay on plan, especially the ultimate retirement book for 271 00:17:45,940 --> 00:17:47,970 Suze: 50 plus. 272 00:17:48,920 --> 00:17:52,500 Suze: So you want to make sure that you invest in 273 00:17:52,500 --> 00:17:58,190 Suze: the known versus the unknown, that's number one. So keep 274 00:17:58,190 --> 00:18:01,750 Suze: that in mind when it comes to your real estate 275 00:18:01,760 --> 00:18:05,920 Suze: because mortgage rates are going to continue to increase. How 276 00:18:05,920 --> 00:18:08,840 Suze: will that affect you if you are selling you have 277 00:18:08,840 --> 00:18:11,870 Suze: to buy another place and you have to finance it. 278 00:18:12,470 --> 00:18:16,510 Suze: Now I know I talk a lot about inflation 279 00:18:17,060 --> 00:18:22,730 Suze: but for some of us inflation which is causing the 280 00:18:22,730 --> 00:18:25,929 Suze: Feds to raise the Fed funds rate 281 00:18:26,710 --> 00:18:29,560 Suze: is also helping many people 282 00:18:30,510 --> 00:18:36,550 Suze: because of inflation. Your Social Security checks starting january of 283 00:18:36,550 --> 00:18:41,800 Suze: next year. You should see an increase between 78 or 9% 284 00:18:41,810 --> 00:18:46,870 Suze: right in there. Of your Social Security check. You know 285 00:18:46,869 --> 00:18:50,200 Suze: the other day I was talking to somebody who recently 286 00:18:50,200 --> 00:18:51,380 Suze: lost her husband 287 00:18:52,000 --> 00:18:56,840 Suze: And he did not leave her with much money at all. 288 00:18:56,880 --> 00:19:01,780 Suze: And she's essentially living off of her social security check. 289 00:19:01,790 --> 00:19:06,040 Suze: And the money that she does have is in an 290 00:19:06,040 --> 00:19:11,710 Suze: Alliant credit union account making currently 1.7% hopefully shortly 1.8% 291 00:19:11,720 --> 00:19:16,030 Suze: or more as time goes on. And it's still not 292 00:19:16,040 --> 00:19:19,260 Suze: enough for her to get by. 293 00:19:19,850 --> 00:19:24,850 Suze: So the good news about the Fed funds rate increase 294 00:19:24,890 --> 00:19:28,820 Suze: is that her social security check is going to increase 295 00:19:28,830 --> 00:19:35,540 Suze: by $2 or $300 a month. Which will help her tremendously. 296 00:19:36,080 --> 00:19:39,800 Suze: Also, interest rates are going up 297 00:19:40,609 --> 00:19:43,830 Suze: they're going up not only at Alliant Credit Union but 298 00:19:43,830 --> 00:19:48,560 Suze: Treasury bills, bonds and notes are going up certificates, the 299 00:19:48,560 --> 00:19:51,080 Suze: deposits are going up. 300 00:19:51,760 --> 00:19:54,850 Suze: So she now is going to be able now to 301 00:19:54,850 --> 00:19:58,870 Suze: transfer some of her money from her savings account into 302 00:19:58,869 --> 00:20:00,730 Suze: an Alliant C. D. 303 00:20:01,900 --> 00:20:05,150 Suze: Also if she wants she can take some of her 304 00:20:05,150 --> 00:20:09,560 Suze: money and buy a Treasury note or bond for a 305 00:20:09,560 --> 00:20:12,869 Suze: lot higher interest rate. She might be able to look 306 00:20:12,880 --> 00:20:17,250 Suze: at an income annuity that pays her a fixed interest 307 00:20:17,250 --> 00:20:20,240 Suze: rate for the rest of her life. 308 00:20:20,869 --> 00:20:23,740 Suze: And not that I would do that right now. But 309 00:20:23,740 --> 00:20:26,160 Suze: these are things that are going to be open to her. 310 00:20:26,160 --> 00:20:28,899 Suze: So I said to her, just wait till you hear 311 00:20:28,900 --> 00:20:32,030 Suze: from me again or listen to the podcast and I'll 312 00:20:32,030 --> 00:20:35,640 Suze: tell you when it's time to get into those instruments 313 00:20:35,640 --> 00:20:37,629 Suze: to get what I think will be the highest 314 00:20:37,720 --> 00:20:40,570 Suze: interest rate out there. Now I have said to you 315 00:20:40,570 --> 00:20:44,149 Suze: in the past I will let you know when it 316 00:20:44,150 --> 00:20:49,060 Suze: is time to buy 20 or 30 year Treasury bonds. 317 00:20:49,070 --> 00:20:53,100 Suze: It is not that time yet but we are getting 318 00:20:53,100 --> 00:20:57,619 Suze: close to that time. So for those of you now 319 00:20:57,619 --> 00:21:01,470 Suze: let's talk a little bit about bond funds for those 320 00:21:01,470 --> 00:21:03,800 Suze: of you who are in bond funds and you never 321 00:21:03,800 --> 00:21:06,340 Suze: got out of those bond funds. 322 00:21:06,859 --> 00:21:09,780 Suze: You want to stay there at this point in time. 323 00:21:09,790 --> 00:21:12,790 Suze: Maybe you even want to start dollar cost averaging into 324 00:21:12,790 --> 00:21:17,110 Suze: those bond funds and now they can be medium term 325 00:21:17,119 --> 00:21:22,109 Suze: bond funds because as interest rates go up, you already 326 00:21:22,109 --> 00:21:25,350 Suze: have learned the lesson. The value of your bond funds 327 00:21:25,350 --> 00:21:30,110 Suze: go down. But as interest rates go down and eventually 328 00:21:30,119 --> 00:21:33,080 Suze: a year two or three from now they will come 329 00:21:33,080 --> 00:21:34,040 Suze: back down. 330 00:21:34,190 --> 00:21:38,580 Suze: The value of those bond funds will go up. The 331 00:21:38,580 --> 00:21:44,140 Suze: value of your long term Treasury bonds will go up 332 00:21:44,150 --> 00:21:50,090 Suze: far more than short term maturity, Treasury bills or notes. 333 00:21:50,930 --> 00:21:54,500 Suze: But if you need money for a short period of time, 334 00:21:54,510 --> 00:21:58,210 Suze: two years or whatever, hey, you might want to look 335 00:21:58,210 --> 00:22:03,160 Suze: in to the C. D. S. Treasury Notes and Treasury bills. 336 00:22:03,240 --> 00:22:07,430 Suze: I am being overwhelmed with questions of how do I 337 00:22:07,430 --> 00:22:10,730 Suze: buy a Treasury Bill bond or note. 338 00:22:11,369 --> 00:22:14,550 Suze: I will do a podcast shortly and take you through 339 00:22:14,550 --> 00:22:18,920 Suze: the steps of how you do it. It's really so simple. 340 00:22:18,930 --> 00:22:21,649 Suze: I can't even tell you. Especially you know, one of 341 00:22:21,650 --> 00:22:24,050 Suze: my favorite and I've been saying this now for over 342 00:22:24,050 --> 00:22:27,580 Suze: a year. One of my favorite brokerage firms, discount brokerage 343 00:22:27,580 --> 00:22:31,950 Suze: firms is Fidelity. I just like how they work. But 344 00:22:31,960 --> 00:22:34,530 Suze: if you have an account at Fidelity 345 00:22:34,700 --> 00:22:38,609 Suze: you can do it yourself online. It is so easy. 346 00:22:38,619 --> 00:22:42,970 Suze: It's not even funny, far easier than going to Treasury 347 00:22:42,970 --> 00:22:47,109 Suze: direct dot gov and buying a Treasury there, you also 348 00:22:47,109 --> 00:22:51,780 Suze: can do it online Schwab, Vanguard, you know, places like that. 349 00:22:51,790 --> 00:22:56,040 Suze: So I will do a podcast on that shortly. But 350 00:22:56,040 --> 00:22:58,730 Suze: because I don't want to do a two hour podcast today, 351 00:22:59,290 --> 00:23:02,660 Suze: I'll just cover the main things I want you to 352 00:23:02,660 --> 00:23:07,340 Suze: know I bonds. We are coming close to the I 353 00:23:07,340 --> 00:23:12,720 Suze: bond renewal rate in November now. I personally think the 354 00:23:12,720 --> 00:23:17,280 Suze: I bond renewal rate November 1st will be between seven 355 00:23:17,280 --> 00:23:22,940 Suze: and 8%. Not bad. Everybody still a great interest rate 356 00:23:22,950 --> 00:23:25,600 Suze: in comparison to what 357 00:23:25,609 --> 00:23:29,359 Suze: You could get anywhere else. If you don't know about 358 00:23:29,359 --> 00:23:34,179 Suze: series I bonds. Listen to my April 17 podcast. I 359 00:23:34,180 --> 00:23:37,109 Suze: gave a masterclass on it. Use the app put in 360 00:23:37,109 --> 00:23:40,129 Suze: series I bonds because I've given many updates on that 361 00:23:40,140 --> 00:23:40,959 Suze: as well. 362 00:23:41,410 --> 00:23:44,440 Suze: Get to know them because they are without a shadow 363 00:23:44,440 --> 00:23:47,350 Suze: of a doubt for safe money that you do not 364 00:23:47,350 --> 00:23:51,100 Suze: need for at least one year where you want to 365 00:23:51,100 --> 00:23:55,320 Suze: put your money now as time goes on and inflation 366 00:23:55,320 --> 00:23:58,600 Suze: goes down, we may not want to do I bond 367 00:23:58,609 --> 00:24:02,640 Suze: anymore. So we will take this every six months at 368 00:24:02,640 --> 00:24:06,200 Suze: a time during their resetting. But if you have not 369 00:24:06,200 --> 00:24:10,280 Suze: done an I bond yet right here and right now 370 00:24:10,290 --> 00:24:13,700 Suze: you are to go to Treasury direct dot gov open 371 00:24:13,700 --> 00:24:18,040 Suze: up an account and buy one because your interest rate 372 00:24:18,080 --> 00:24:24,810 Suze: is still 9.62% on an annual basis or 4.81% for 373 00:24:24,810 --> 00:24:26,350 Suze: the next six months. 374 00:24:26,859 --> 00:24:30,440 Suze: So even if you did that right now, six months 375 00:24:30,440 --> 00:24:35,610 Suze: from now. If in fact the I bond rate changes to, 376 00:24:35,609 --> 00:24:40,830 Suze: let's just say 7%. So that would be 3.5% for 377 00:24:40,830 --> 00:24:43,929 Suze: the next six months. That would give you close to 378 00:24:43,930 --> 00:24:48,580 Suze: an 8.3% yield for the year. Are you kidding me? 379 00:24:48,590 --> 00:24:53,700 Suze: So do not stop putting money in I bonds at 380 00:24:53,700 --> 00:24:54,570 Suze: this time 381 00:24:54,880 --> 00:24:59,260 Suze: and when it renews in November, if you haven't done 382 00:24:59,260 --> 00:25:01,080 Suze: it yet and you don't want to do it, you're 383 00:25:01,080 --> 00:25:04,199 Suze: waiting to see do it, then you should still be 384 00:25:04,200 --> 00:25:12,480 Suze: buying I bonds. Okay, let's talk just briefly about Ethereum 385 00:25:12,820 --> 00:25:15,960 Suze: because as I told all of you, I like Ethereum 386 00:25:16,000 --> 00:25:18,790 Suze: but I've also told all of you that you should 387 00:25:18,790 --> 00:25:23,860 Suze: be dollar cost averaging into any investment. I've always said 388 00:25:23,859 --> 00:25:27,380 Suze: that not just the stock market, but anything you put 389 00:25:27,380 --> 00:25:32,100 Suze: your money into because everything is just too volatile these days. 390 00:25:32,460 --> 00:25:35,950 Suze: So if you were buying Ethereum and you were buying 391 00:25:35,950 --> 00:25:39,080 Suze: it at 1400 and then it went to 1200, then 392 00:25:39,080 --> 00:25:41,980 Suze: it went to 900 and you were just putting small 393 00:25:41,980 --> 00:25:44,979 Suze: amounts of money in it. You would be relatively okay 394 00:25:44,980 --> 00:25:47,600 Suze: today because it's around the 1400 area, 395 00:25:48,250 --> 00:25:50,669 Suze: but it did not react 396 00:25:51,369 --> 00:25:55,940 Suze: after it switched services the way we thought it was 397 00:25:55,940 --> 00:25:59,629 Suze: going to. So this is a situation where if you 398 00:25:59,640 --> 00:26:05,440 Suze: like the long term forecast for Ethereum and this is 399 00:26:05,440 --> 00:26:08,410 Suze: money that you can afford to lose 400 00:26:09,330 --> 00:26:13,560 Suze: because the Biden administration now is coming out with new 401 00:26:13,560 --> 00:26:18,270 Suze: regulations and new laws that are going to govern all cryptocurrencies. 402 00:26:18,280 --> 00:26:21,730 Suze: So who knows where that goes and how it clamps 403 00:26:21,730 --> 00:26:24,840 Suze: down on all of this. If it does at all, 404 00:26:25,869 --> 00:26:30,300 Suze: this is money that you need to know you can lose. 405 00:26:30,310 --> 00:26:34,859 Suze: Do you hear me? Next is the stock market. What 406 00:26:34,859 --> 00:26:37,619 Suze: the heck happened last week? 407 00:26:38,440 --> 00:26:44,070 Suze: This all happened for really one main reason the CEO 408 00:26:44,070 --> 00:26:47,710 Suze: of Federal Express went on CNBC 409 00:26:48,260 --> 00:26:52,209 Suze: and said that he Federal Express is going to be 410 00:26:52,210 --> 00:26:58,640 Suze: closing many, many outlets laying off people and he expects 411 00:26:58,650 --> 00:27:03,640 Suze: a world wide deep recession next year 412 00:27:04,330 --> 00:27:10,320 Suze: and everybody freaked because Federal Express, if you think about 413 00:27:10,320 --> 00:27:13,690 Suze: it is the one that ships everything. They know that 414 00:27:13,690 --> 00:27:16,929 Suze: if you're buying stuff or they're delivering stuff or whatever, 415 00:27:16,960 --> 00:27:19,320 Suze: it's based on how much money you are 416 00:27:19,609 --> 00:27:23,570 Suze: sending to send things to other people and they expect 417 00:27:23,570 --> 00:27:27,270 Suze: that to go down the tubes. Well to say that 418 00:27:27,280 --> 00:27:30,550 Suze: all the traders on Wall Street dumped their position of 419 00:27:30,550 --> 00:27:34,889 Suze: Fedex started to freak everybody out. 420 00:27:35,450 --> 00:27:41,280 Suze: Now with that said, most stocks went down again, seriously. 421 00:27:42,350 --> 00:27:47,020 Suze: But once again, how does this help you? Let me 422 00:27:47,020 --> 00:27:50,490 Suze: go back to the woman that I was speaking to 423 00:27:50,500 --> 00:27:55,160 Suze: who's living on a fixed budget and doesn't have enough 424 00:27:55,170 --> 00:28:00,720 Suze: income to get by and how a down market as 425 00:28:00,720 --> 00:28:06,100 Suze: well as interest rates going up. Can save her 426 00:28:06,600 --> 00:28:09,830 Suze: at this point in time. So maybe it can save 427 00:28:09,840 --> 00:28:13,370 Suze: or make your lives a little bit easier for all 428 00:28:13,369 --> 00:28:13,950 Suze: of you. 429 00:28:14,590 --> 00:28:19,439 Suze: So when things like this happen the majority of the 430 00:28:19,440 --> 00:28:24,159 Suze: stocks really went down again. Big time. 431 00:28:24,740 --> 00:28:27,480 Suze: Now I've been telling you that I want you to 432 00:28:27,480 --> 00:28:33,180 Suze: dollar cost average into dividend paying stocks whether it's through 433 00:28:33,180 --> 00:28:35,970 Suze: an E. T. F. Or individual stocks that you're buying 434 00:28:35,970 --> 00:28:39,600 Suze: slices that with Fidelity or whatever you can afford to 435 00:28:39,600 --> 00:28:43,670 Suze: do because if you're buying individual stocks remember I want 436 00:28:43,680 --> 00:28:46,400 Suze: you all to have at least 20 stocks. You need 437 00:28:46,400 --> 00:28:49,870 Suze: a portfolio. If you can't do that then high yielding 438 00:28:49,870 --> 00:28:52,920 Suze: dividend paying E. T. F. S that buy good quality 439 00:28:52,920 --> 00:28:54,360 Suze: dividend stocks 440 00:28:54,980 --> 00:28:58,120 Suze: as the price of a stock goes down 441 00:28:59,270 --> 00:29:02,860 Suze: in companies that are good and have good cash flow 442 00:29:04,140 --> 00:29:07,979 Suze: the yield of their dividend goes up to you. So 443 00:29:07,980 --> 00:29:11,260 Suze: let's say you bought obviously what you know is one 444 00:29:11,260 --> 00:29:17,560 Suze: of my favorite dividend paying stocks. Devon energy symbol D. V. N. 445 00:29:17,570 --> 00:29:24,550 Suze: And recently they declared a dollar 55 dividend for every 446 00:29:24,550 --> 00:29:28,260 Suze: share that you own. All right and you had to 447 00:29:28,270 --> 00:29:30,360 Suze: own Devon or have purchased it 448 00:29:30,670 --> 00:29:35,580 Suze: By September eight just a little bit ago to qualify 449 00:29:35,580 --> 00:29:40,180 Suze: for that $55 a share dividend. Now obviously if you're 450 00:29:40,180 --> 00:29:43,210 Suze: buying it now you'll get the next dividend three months 451 00:29:43,210 --> 00:29:44,980 Suze: from now whatever they declare. 452 00:29:45,150 --> 00:29:47,660 Suze: But let me just give you an example because so 453 00:29:47,660 --> 00:29:52,580 Suze: many of you purchased it a long time ago actually 454 00:29:52,590 --> 00:29:55,720 Suze: and you still own it. So you're gonna get that dividend. 455 00:29:55,720 --> 00:29:58,960 Suze: But let me just give you an example of how, 456 00:29:58,960 --> 00:30:02,950 Suze: why when you buy a stock and the stock price 457 00:30:02,950 --> 00:30:04,440 Suze: starts to go down 458 00:30:05,020 --> 00:30:09,790 Suze: or you buy it when it's lower it helps your 459 00:30:09,800 --> 00:30:13,940 Suze: yield of that dividend. Let's say many of you wanted 460 00:30:13,940 --> 00:30:18,200 Suze: to jump on the Devon bandwagon and you finally after 461 00:30:18,200 --> 00:30:20,800 Suze: listening to me talk about it and talk about it, 462 00:30:21,520 --> 00:30:24,880 Suze: You bought it at $79 a share 463 00:30:25,620 --> 00:30:29,320 Suze: and now they are going to pay you a dollar 464 00:30:29,320 --> 00:30:34,920 Suze: 55 for every share that you own because you bought 465 00:30:34,920 --> 00:30:40,240 Suze: it at 79. Your yield for these three months is 466 00:30:40,240 --> 00:30:45,110 Suze: only 1.9%. But if you extrapolate that over a year 467 00:30:45,110 --> 00:30:46,140 Suze: period of time 468 00:30:46,280 --> 00:30:50,720 Suze: That's a 7.8% return on your money. If they keep 469 00:30:50,720 --> 00:30:55,540 Suze: the dividend at $1.55 a share. But they've been raising 470 00:30:55,540 --> 00:31:00,260 Suze: these dividends every single quarter if however you bought it 471 00:31:00,270 --> 00:31:07,690 Suze: at $65 a share. Your annual yield is 9.5 472 00:31:08,560 --> 00:31:12,450 Suze: For the quarter, it's a 2.4% yield to you. But 473 00:31:12,450 --> 00:31:16,130 Suze: if you extrapolate that out because you get four dividends 474 00:31:16,140 --> 00:31:16,990 Suze: a year, 475 00:31:17,900 --> 00:31:27,110 Suze: That's 9.5%. If you bought it at $55 that's an 11.27% 476 00:31:27,120 --> 00:31:32,520 Suze: yield to you as to when you bought it. So 477 00:31:32,530 --> 00:31:35,210 Suze: for the woman that I was talking to, I'll go 478 00:31:35,210 --> 00:31:37,640 Suze: back to her for a second. And to many of 479 00:31:37,640 --> 00:31:43,980 Suze: you as the prices of these stocks come down. If 480 00:31:43,980 --> 00:31:47,290 Suze: they keep their dividend the same or increase them 481 00:31:48,680 --> 00:31:52,630 Suze: which many energy companies are still doing. For many reasons. 482 00:31:52,640 --> 00:31:57,450 Suze: Your yield or your income actually goes up. So let's 483 00:31:57,450 --> 00:32:01,700 Suze: put this whole entire picture together as interest rates are 484 00:32:01,700 --> 00:32:05,930 Suze: going up as the stock market is going down. If 485 00:32:05,930 --> 00:32:10,890 Suze: you invest in dividend paying stocks as the markets are 486 00:32:10,890 --> 00:32:13,340 Suze: going down. So you're investing at the right time 487 00:32:13,710 --> 00:32:17,480 Suze: And they're paying you good dividends that are either increasing 488 00:32:17,480 --> 00:32:22,070 Suze: or are safe. Your yield what you're actually getting is 489 00:32:22,070 --> 00:32:26,700 Suze: going up. It is not unlikely that you could get 45, 6% 490 00:32:26,700 --> 00:32:29,580 Suze: or more in many of these great companies that are 491 00:32:29,590 --> 00:32:30,390 Suze: out there 492 00:32:31,250 --> 00:32:35,460 Suze: and your Social Security check if you're on Social Security 493 00:32:35,470 --> 00:32:38,070 Suze: is going to go up and it may not only 494 00:32:38,070 --> 00:32:40,370 Suze: go up for this year, it is very probable it 495 00:32:40,370 --> 00:32:42,970 Suze: will go up the year after as well. 496 00:32:43,890 --> 00:32:47,550 Suze: And if you wait for a little while longer to 497 00:32:47,550 --> 00:32:51,580 Suze: buy 20 year or 30 year treasury bonds and you 498 00:32:51,580 --> 00:32:56,250 Suze: are locking in a really higher interest rate for 4.5%. 499 00:32:56,650 --> 00:33:01,110 Suze: All of that will help you. And yes, I know 500 00:33:01,120 --> 00:33:05,390 Suze: that inflation you think is eating up everything. But it's 501 00:33:05,400 --> 00:33:08,209 Suze: eating up everything. If you are traveling if you're going 502 00:33:08,210 --> 00:33:10,720 Suze: out to eat if you are doing certain things that 503 00:33:10,720 --> 00:33:13,940 Suze: maybe you don't need to do and you are conserving 504 00:33:13,940 --> 00:33:17,700 Suze: your money, you're buying things that are on sale or 505 00:33:17,700 --> 00:33:22,410 Suze: whatever at the grocery store and you just stick to 506 00:33:22,410 --> 00:33:23,550 Suze: your plan. 507 00:33:24,190 --> 00:33:26,709 Suze: Now. I know I've told all of you maybe you 508 00:33:26,710 --> 00:33:28,640 Suze: should dollar cost average monthly. 509 00:33:29,530 --> 00:33:32,790 Suze: I think you may be at this point, to cost average 510 00:33:32,800 --> 00:33:34,240 Suze: every three months 511 00:33:34,980 --> 00:33:38,690 Suze: because if the Feds continue to raise rates 512 00:33:39,280 --> 00:33:41,830 Suze: and right now like I said there between the Fed 513 00:33:41,830 --> 00:33:45,480 Suze: funds rate is between two and a quarter and 2.5%. 514 00:33:45,500 --> 00:33:48,380 Suze: And many people think that they may have to raise 515 00:33:48,380 --> 00:33:56,520 Suze: it to 4.5 5 or 6% to get inflation under control. 516 00:33:56,710 --> 00:34:01,370 Suze: That if they do that it is not impossible to 517 00:34:01,370 --> 00:34:06,180 Suze: see the stock market go down another 20% from where 518 00:34:06,180 --> 00:34:08,080 Suze: it is right now. 519 00:34:08,340 --> 00:34:11,390 Suze: I don't know if that's gonna happen or if it's 520 00:34:11,390 --> 00:34:12,560 Suze: not gonna happen. 521 00:34:13,219 --> 00:34:16,950 Suze: But let's just start to hedge in terms of how 522 00:34:16,950 --> 00:34:20,160 Suze: much money we're putting in the stock market on our own. 523 00:34:20,190 --> 00:34:24,830 Suze: If you're investing in your 401k. Plans and it's automatically 524 00:34:24,830 --> 00:34:27,950 Suze: being taken out of your paychecks, just keep doing that. 525 00:34:27,969 --> 00:34:30,800 Suze: But money that you have that you want to put 526 00:34:30,810 --> 00:34:34,590 Suze: into a Roth I. R. A. And you're controlling that 527 00:34:34,590 --> 00:34:37,460 Suze: money or an individual investment account 528 00:34:38,580 --> 00:34:41,439 Suze: you might want to just if you're dollar cost averaging 529 00:34:41,450 --> 00:34:46,340 Suze: do it every three months versus every month or if 530 00:34:46,340 --> 00:34:49,620 Suze: the market is down really big one day 531 00:34:50,140 --> 00:34:52,310 Suze: And we're going to see those down days again that 532 00:34:52,310 --> 00:34:55,870 Suze: are this big 1200 points, you'll see it again. 533 00:34:56,930 --> 00:35:00,530 Suze: That that's when you take advantage of dollar cost averaging 534 00:35:00,550 --> 00:35:05,900 Suze: into high yielding dividend paying, E. T. F and or 535 00:35:05,910 --> 00:35:07,610 Suze: individual stocks. 536 00:35:08,610 --> 00:35:14,820 Suze: Why am I stressing on dividend payers? Because as these 537 00:35:14,820 --> 00:35:18,080 Suze: markets go down, you want to be making something on 538 00:35:18,080 --> 00:35:18,870 Suze: your money. 539 00:35:19,540 --> 00:35:24,040 Suze: And also because many of the people that are listening 540 00:35:24,040 --> 00:35:28,950 Suze: to the women and money podcast are women who are 50, 60, 70, 541 00:35:28,950 --> 00:35:32,680 Suze: 80 years of age, they're by themselves or eventually they 542 00:35:32,680 --> 00:35:35,740 Suze: know they're going to be by themselves and they need 543 00:35:35,739 --> 00:35:37,540 Suze: money to live on. 544 00:35:38,410 --> 00:35:40,750 Suze: So I concentrate on that 545 00:35:41,460 --> 00:35:44,220 Suze: because the truth of the matter is everybody, there are 546 00:35:44,219 --> 00:35:49,110 Suze: very few podcasts that gear or any financial advice that 547 00:35:49,110 --> 00:35:52,219 Suze: gears themselves towards the elderly. 548 00:35:52,989 --> 00:35:55,469 Suze: And I think it's really important that we take care 549 00:35:55,469 --> 00:35:58,250 Suze: of our elders that we take care of them in 550 00:35:58,260 --> 00:36:01,050 Suze: any and every possible way, 551 00:36:02,110 --> 00:36:05,310 Suze: you know, because so many of your elders, your mom, 552 00:36:05,310 --> 00:36:10,170 Suze: your father gave you all that they had and now 553 00:36:10,170 --> 00:36:12,839 Suze: they don't have anything and they don't have what it 554 00:36:12,840 --> 00:36:15,520 Suze: takes to ask all of you young and ones for 555 00:36:15,520 --> 00:36:18,850 Suze: help and you're still all thinking just about yourself and 556 00:36:18,850 --> 00:36:21,509 Suze: how you should be saving money and how you're barely 557 00:36:21,510 --> 00:36:24,990 Suze: making it. I think it is every one of our 558 00:36:25,000 --> 00:36:26,080 Suze: duties 559 00:36:26,760 --> 00:36:30,839 Suze: that if we have had responsible parents, they are responsible 560 00:36:31,760 --> 00:36:34,270 Suze: and they don't just flitter all their money away. And 561 00:36:34,270 --> 00:36:38,270 Suze: they've gotten themselves into a horrible financial situation just because 562 00:36:38,270 --> 00:36:42,040 Suze: they have not because they've gotten sick, but because they've 563 00:36:42,040 --> 00:36:46,549 Suze: done everything right, they've supported you, they've created a good family. 564 00:36:47,200 --> 00:36:50,270 Suze: We need to take care of them. So a lot 565 00:36:50,270 --> 00:36:52,880 Suze: of times I do do this podcast and Garrett towards 566 00:36:52,880 --> 00:36:53,880 Suze: the shoulders, 567 00:36:54,690 --> 00:36:57,549 Suze: Especially since I am 71 and I know what it's 568 00:36:57,550 --> 00:36:59,600 Suze: been like for me the past two years. It has 569 00:36:59,600 --> 00:37:03,030 Suze: not been easy. I'm not afraid to say that 570 00:37:03,550 --> 00:37:06,650 Suze: it's taken its toll seriously on me, on my health. 571 00:37:06,660 --> 00:37:09,989 Suze: It's taking its toll on KT emotionally because of what 572 00:37:09,989 --> 00:37:13,900 Suze: she's seen me go through and going through, You know, 573 00:37:13,900 --> 00:37:17,130 Suze: the operation that I did two years ago absolutely left 574 00:37:17,130 --> 00:37:19,240 Suze: damage on my left side. 575 00:37:19,719 --> 00:37:23,570 Suze: So it's hard to be in pain 24 hours a day, 576 00:37:23,580 --> 00:37:26,660 Suze: but I'm gonna get through this and it's easier for 577 00:37:26,660 --> 00:37:29,600 Suze: me to get through this because I know I have 578 00:37:29,610 --> 00:37:34,140 Suze: money to support myself and Katie and those we love 579 00:37:34,150 --> 00:37:37,720 Suze: and that's what I want for all of you as well. 580 00:37:38,630 --> 00:37:42,160 Suze: So these were just a few of the things that 581 00:37:42,160 --> 00:37:45,290 Suze: I want you to pay attention to. 582 00:37:46,030 --> 00:37:49,569 Suze: I think this is a podcast that really deserves your 583 00:37:49,570 --> 00:37:52,660 Suze: listening to over and over again 584 00:37:53,440 --> 00:37:56,430 Suze: because it really addresses the things that you need to 585 00:37:56,430 --> 00:37:59,969 Suze: know right here and right now when it comes to 586 00:37:59,969 --> 00:38:03,350 Suze: buying a piece of property, selling a piece of property, 587 00:38:03,360 --> 00:38:06,020 Suze: what's gonna happen to mortgage rates? What's going to happen 588 00:38:06,020 --> 00:38:08,509 Suze: to your Social Security? Check what you should do with 589 00:38:08,520 --> 00:38:11,500 Suze: I bonds? What about Ethereum? What about the stock 590 00:38:11,510 --> 00:38:16,990 Suze: market? And what about your plan? Just that simple everybody. 591 00:38:17,000 --> 00:38:19,930 Suze: So until Thursday, there's really only one thing that I 592 00:38:19,930 --> 00:38:21,890 Suze: want you to remember when it comes to your money 593 00:38:21,890 --> 00:38:25,470 Suze: and it is this. I want you all to be safe. 594 00:38:25,560 --> 00:38:29,590 Suze: Strong and secure. See you soon. Bye bye.