1 00:00:01,279 --> 00:00:01,700 Music: (Music In) 2 00:00:33,590 --> 00:00:37,049 Suze: May 18th, 2023. 3 00:00:37,490 --> 00:00:40,590 KT: I'm so excited... hi, Suze, Good morning. I'm so excited today. 4 00:00:40,598 --> 00:00:40,909 KT: You know why... 5 00:00:41,590 --> 00:00:44,819 Suze: Here we go again, you know why we go, I do know why 6 00:00:45,060 --> 00:00:48,089 KT: Our niece and nephew and their parents, my little sister 7 00:00:48,098 --> 00:00:50,490 KT: and her husband are coming today 8 00:00:50,848 --> 00:00:54,130 KT: at about 1:30 to the island and I can't wait. 9 00:00:54,139 --> 00:00:57,040 KT: And for those of you that, that will listen to 10 00:00:57,049 --> 00:01:01,310 KT: something fun. Suze when her Starlink went down and she 11 00:01:01,319 --> 00:01:04,209 KT: wasn't able to record and was sitting around waiting and 12 00:01:04,470 --> 00:01:07,260 KT: learned some card tricks. I said, what are you doing? 13 00:01:07,680 --> 00:01:12,819 KT: And she was learning these really complicated mathematical card tricks. 14 00:01:12,879 --> 00:01:15,599 KT: I said, why are you doing that? And she looked 15 00:01:15,610 --> 00:01:17,129 KT: at me and I said, I know why... 16 00:01:17,400 --> 00:01:23,069 KT: Travis. Travis is our nephew who's 25 but he's been 17 00:01:23,080 --> 00:01:27,129 KT: spending almost every summer with us since he was three. 18 00:01:27,500 --> 00:01:29,589 KT: And when he was a little boy, he would sit 19 00:01:29,599 --> 00:01:33,029 KT: with his aunt Suze and learn magic tricks. 20 00:01:33,370 --> 00:01:37,779 KT: So she decided to have a little nostalgic reunion with 21 00:01:37,790 --> 00:01:41,349 KT: our Travis. So we're excited. They'll be here in this afternoon. 22 00:01:41,830 --> 00:01:44,878 Suze: You must be excited because you didn't even let me 23 00:01:44,889 --> 00:01:47,489 Suze: say welcome to the Women 24 00:01:47,500 --> 00:01:51,540 KT: and Money podcast and Ask Suze... 25 00:01:52,489 --> 00:01:56,699 Suze: and KT Anything. Do you see how excited she is? 26 00:01:56,790 --> 00:01:59,839 KT: Yeah. And I, I miss, I miss you all. Who 27 00:01:59,849 --> 00:02:01,400 KT: do you miss the audience? 28 00:02:01,940 --> 00:02:04,690 Suze: You mean the podcast people? Why do you miss them? 29 00:02:04,919 --> 00:02:08,119 KT: Because I was gonna do Sunday with her. And she said, no, no, no, 30 00:02:08,130 --> 00:02:14,070 KT: I have to do something really important. I said, OK, 31 00:02:15,210 --> 00:02:19,919 Suze: KT is wanting to do every single podcast with me. 32 00:02:20,250 --> 00:02:20,880 KT: Let's vote. 33 00:02:21,820 --> 00:02:24,520 Suze: All right, you can write in, right? So we might 34 00:02:24,529 --> 00:02:28,199 Suze: just have to make every podcast, Ask KT and Susie Anything. 35 00:02:28,270 --> 00:02:28,529 Suze: And then... 36 00:02:29,220 --> 00:02:31,869 KT: Well, we're starting today with something a little different. 37 00:02:31,880 --> 00:02:32,289 Suze: What do have that's different? 38 00:02:32,839 --> 00:02:36,668 KT: I have all of my questions today for you from 39 00:02:36,679 --> 00:02:40,859 KT: the wall. I decided... Yeah. And it's kind of cool 40 00:02:40,869 --> 00:02:42,869 KT: because the people on the wall 41 00:02:43,258 --> 00:02:48,500 KT: wrote questions that related to the Sunday podcast that I 42 00:02:48,508 --> 00:02:50,389 KT: was not participating in. 43 00:02:50,399 --> 00:02:55,758 Suze: But KT you never participate in Suze Schools. So I 44 00:02:55,770 --> 00:02:58,369 Suze: don't understand what the problem is here. But wait, wait, 45 00:02:58,470 --> 00:03:00,289 Suze: I just need to wait, wait, 46 00:03:01,339 --> 00:03:05,339 Suze: everybody. Let me try to calm her down. So I 47 00:03:05,350 --> 00:03:08,630 Suze: can just tell you a few things here. When KT 48 00:03:08,919 --> 00:03:12,919 Suze: says the wall, we have an app called The Women 49 00:03:12,929 --> 00:03:17,550 Suze: and Money app and you can download it on Google 50 00:03:17,559 --> 00:03:22,550 Suze: Play or Apple Apps and on the Women and Money app. 51 00:03:22,899 --> 00:03:26,258 Suze: There is the wall, we call it, and that's where 52 00:03:26,270 --> 00:03:31,710 Suze: everybody posts. And lately people have been posting their questions 53 00:03:32,600 --> 00:03:36,850 Suze: or comments. And what's fabulous is that many people have 54 00:03:36,860 --> 00:03:41,169 Suze: been answering them. Now, I watch what goes on there 55 00:03:41,179 --> 00:03:43,850 Suze: and if somebody is wrong with their answer, I'll let 56 00:03:43,860 --> 00:03:44,750 Suze: them know. 57 00:03:45,000 --> 00:03:48,820 Suze: But KT... I didn't know you were even on the app. 58 00:03:49,100 --> 00:03:51,949 KT: Yeah, I like it. I like the wall is really cool. 59 00:03:52,679 --> 00:03:53,610 Suze: Why don't you post? 60 00:03:54,339 --> 00:03:58,729 KT: Do you know why? It's the same reason why I'm not on 61 00:03:58,740 --> 00:04:03,380 KT: Instagram or Twitter or any of those? The same reason.. 62 00:04:03,389 --> 00:04:05,270 Suze: Tell everybody she's really bad at it. 63 00:04:05,800 --> 00:04:09,100 KT: I'm so bad at it. And when Suze and I 64 00:04:09,110 --> 00:04:13,029 KT: were first learning how to use all of this social 65 00:04:13,039 --> 00:04:14,809 KT: media and all of these apps and 66 00:04:15,149 --> 00:04:19,308 KT: programs, I was the worst and I made a few 67 00:04:19,320 --> 00:04:22,779 KT: big mistakes. I was like, well, I'd write something to 68 00:04:22,790 --> 00:04:26,450 KT: Suze and I'd want her to see it and I'd 69 00:04:26,459 --> 00:04:29,109 KT: hit the wrong thing or do the wrong and the 70 00:04:29,119 --> 00:04:33,260 KT: world had all this information or my message. I'm not 71 00:04:33,269 --> 00:04:34,169 KT: good at it. Alright. 72 00:04:34,178 --> 00:04:35,238 Suze: Anyway, so, 73 00:04:35,250 --> 00:04:35,899 KT: but I love reading the wall... 74 00:04:36,570 --> 00:04:40,929 Suze: What's happening on the Ask KT and Susie Anything podcast 75 00:04:41,109 --> 00:04:42,700 Suze: is if you have a question, 76 00:04:43,149 --> 00:04:48,549 Suze: you can either post it on the wall or you 77 00:04:48,559 --> 00:04:51,750 Suze: could send it in via Ask Suze, S U Z 78 00:04:51,760 --> 00:04:57,170 Suze: E podcast at gmail dot com. And, or you can 79 00:04:57,178 --> 00:04:59,480 Suze: go on the Women and Money app as well. And 80 00:04:59,488 --> 00:05:02,859 Suze: there is a special section that allows you to send 81 00:05:02,869 --> 00:05:07,109 Suze: in your questions. And if KT chooses it, we will 82 00:05:07,119 --> 00:05:09,609 Suze: answer it on this podcast KT. 83 00:05:10,730 --> 00:05:13,459 KT: Ok the first... are you ready? Are you ready, Suze? 84 00:05:14,700 --> 00:05:17,619 Suze: Obviously. Tell everybody what we're dressed in today. 85 00:05:17,829 --> 00:05:21,809 KT: Well, it's morning we have on our bathrobes and they 86 00:05:21,820 --> 00:05:26,359 KT: say Purnata, they're embroidered with a gray silk, 87 00:05:26,829 --> 00:05:30,299 Suze: which is the name of our home and our boat 88 00:05:30,309 --> 00:05:32,339 Suze: and wine or the, you know, the wine that we 89 00:05:32,350 --> 00:05:33,558 Suze: have and everything. 90 00:05:33,799 --> 00:05:39,988 Suze: And Purnata in Hindi means perfection, which KT absolutely is. 91 00:05:40,390 --> 00:05:43,500 KT: So are you Suze. And so is this podcast and 92 00:05:43,510 --> 00:05:47,750 KT: we're going to start with our first comment, not a question, 93 00:05:47,760 --> 00:05:49,779 KT: a comment, but I want to share it with all 94 00:05:49,790 --> 00:05:53,679 KT: of you. So this says I have always paid off 95 00:05:53,690 --> 00:05:54,869 KT: my home early. 96 00:05:55,769 --> 00:06:00,089 KT: I've been listening to you Suze for years. Why? Not 97 00:06:00,100 --> 00:06:02,729 KT: because I stay in the house all my life... that's 98 00:06:02,738 --> 00:06:05,880 KT: made me laugh. But because I came from a family 99 00:06:05,890 --> 00:06:10,209 KT: of 10, with a mother that had a cerebral hemorrhage 100 00:06:10,220 --> 00:06:13,779 KT: when I was eight, I was the oldest daughter. 101 00:06:14,220 --> 00:06:19,049 KT: So Suze, that sense of security has been life changing 102 00:06:19,059 --> 00:06:23,320 KT: for me. I'm now 67 divorced and on my own 103 00:06:23,428 --> 00:06:26,549 KT: and I feel happy and secure. 104 00:06:26,660 --> 00:06:29,589 Suze: Why did you choose that, just out of curiosity. 105 00:06:29,910 --> 00:06:34,040 KT: I think it was an interesting comment to remind people 106 00:06:34,459 --> 00:06:38,969 KT: that listening or learning and becoming financially 107 00:06:39,510 --> 00:06:43,029 KT: empowered is really, really important and it does set you 108 00:06:43,040 --> 00:06:44,029 KT: free in a way. 109 00:06:44,500 --> 00:06:48,859 Suze: You know, I think it's very important to really get that 110 00:06:48,869 --> 00:06:51,160 Suze: anything can happen at any time. 111 00:06:51,730 --> 00:06:54,869 Suze: And I know that we all make these plans and 112 00:06:54,880 --> 00:06:57,230 Suze: the plans are, we're gonna work till we're x years 113 00:06:57,238 --> 00:07:00,079 Suze: of age. We'll have enough money. We'll pay off our 114 00:07:00,089 --> 00:07:04,839 Suze: house then. But we never stop to think, Oh my God, 115 00:07:04,850 --> 00:07:08,799 Suze: what if something happens? What if I can't work all 116 00:07:08,809 --> 00:07:12,000 Suze: that time? But I wanna stay in my house. How 117 00:07:12,010 --> 00:07:14,239 Suze: do I make my mortgage payment if I don't have 118 00:07:14,250 --> 00:07:14,959 Suze: income 119 00:07:15,170 --> 00:07:18,820 Suze: and examples like that of what can happen to a 120 00:07:18,829 --> 00:07:24,010 Suze: mother or you or even what happened to me or 121 00:07:24,019 --> 00:07:28,959 Suze: whatever it may be. You just never know. So I 122 00:07:28,970 --> 00:07:32,500 Suze: will always think that the number one goal if you 123 00:07:32,510 --> 00:07:34,760 Suze: know you're going to stay in the house forever 124 00:07:35,049 --> 00:07:40,179 Suze: should be to pay the house off as soon as possible. 125 00:07:40,279 --> 00:07:41,959 Suze: All right KT, that was a nice comment. 126 00:07:41,970 --> 00:07:45,450 KT: The next question. Um and again, these are all from the 127 00:07:45,459 --> 00:07:49,040 KT: wall and as I read them, when you're listening, you'll 128 00:07:49,049 --> 00:07:52,820 KT: find a common thread. This is from a community 129 00:07:53,209 --> 00:07:56,420 KT: and this community feels very safe with each other. 130 00:12:06,085 --> 00:12:11,064 KT: So next question is Suze, what exactly can happen if 131 00:12:11,075 --> 00:12:16,034 KT: your treasury bills mature in June and debt ceiling isn't lifted? 132 00:12:16,494 --> 00:12:19,385 KT: Is this suggestion that you don't get any of your 133 00:12:19,395 --> 00:12:21,135 KT: money back at all? 134 00:12:21,710 --> 00:12:26,200 Suze: So, here's what everybody really needs to understand. 135 00:12:27,109 --> 00:12:28,950 Suze: Nobody knows for sure. 136 00:12:29,669 --> 00:12:34,789 Suze: However, the one woman who probably knows as much as 137 00:12:34,799 --> 00:12:39,530 Suze: anybody could possibly know when it comes to this topic. 138 00:12:39,539 --> 00:12:45,118 Suze: What happens if we don't raise the debt ceiling? Is 139 00:12:45,130 --> 00:12:49,329 Suze: Sheila Bair the right who was the chairman of the 140 00:12:49,340 --> 00:12:55,140 Suze: FDIC and she was on this podcast and she also 141 00:12:55,150 --> 00:12:58,109 Suze: is a very, very good friend of mine. 142 00:12:58,400 --> 00:13:03,919 Suze: So just yesterday, I wrote her and I said, people 143 00:13:03,929 --> 00:13:09,219 Suze: are going crazy. Can you just tell me what can really, 144 00:13:09,229 --> 00:13:12,369 Suze: really happen? And then, you know, I wrote her all 145 00:13:12,380 --> 00:13:17,090 Suze: the things that you're asking and everything and here is exactly, 146 00:13:17,099 --> 00:13:20,450 Suze: and I am quoting her. She says, hi Suze, 147 00:13:20,719 --> 00:13:24,510 Suze: I hate that all of this drama around the debt 148 00:13:24,520 --> 00:13:29,049 Suze: limit is scaring people. I don't think our government will 149 00:13:29,059 --> 00:13:33,450 Suze: default on its debt. At the 11th hour, they will 150 00:13:33,460 --> 00:13:36,229 Suze: reach some kind of agreement, 151 00:13:36,570 --> 00:13:41,880 Suze: Should that not happen, yes, I believe this administration will 152 00:13:41,890 --> 00:13:47,640 Suze: invoke the 14th amendment to keep financing the government and 153 00:13:47,650 --> 00:13:51,950 Suze: make good on its obligations. Now, remember everybody, I talked 154 00:13:51,960 --> 00:13:52,598 Suze: about the four 155 00:13:52,684 --> 00:13:58,025 Suze: 14th amendment just in last Sunday's podcast. She then goes 156 00:13:58,034 --> 00:14:01,814 Suze: on to say in my view, there would be a 157 00:14:01,825 --> 00:14:07,233 Suze: strong legal argument to support that action. She's talking about 158 00:14:07,244 --> 00:14:11,565 Suze: the 14th amendment. I hope it doesn't come to that 159 00:14:11,625 --> 00:14:15,775 Suze: because it would likely result in a long legal battle. 160 00:14:15,864 --> 00:14:20,515 Suze: But that would be better than a government default. However, 161 00:14:20,525 --> 00:14:21,655 Suze: bottom line, 162 00:14:22,059 --> 00:14:26,750 Suze: they will not lose their money in treasuries. I don't 163 00:14:26,760 --> 00:14:30,169 Suze: think again that the government would default on any of 164 00:14:30,179 --> 00:14:35,150 Suze: its obligations, but I am sure it would never default 165 00:14:35,159 --> 00:14:42,500 Suze: on its obligations to investors in US treasuries. So that 166 00:14:42,510 --> 00:14:44,969 Suze: is exactly what Sheila Bair says. 167 00:14:45,034 --> 00:14:49,744 KT: So just um the question that came in has so 168 00:14:49,755 --> 00:14:53,815 KT: many responses on the wall that say, hey, I have 169 00:14:53,825 --> 00:14:56,565 KT: the same question. I have two T bills that mature 170 00:14:56,575 --> 00:15:00,684 KT: in June. Another one said, watching this question. Thank you. 171 00:15:00,695 --> 00:15:04,284 KT: I have the same question too. Many, many people responded. 172 00:15:04,294 --> 00:15:07,955 Suze: So and I know that many of you are afraid 173 00:15:08,174 --> 00:15:11,325 Suze: and the truth of the matter is it isn't looking 174 00:15:11,335 --> 00:15:14,424 Suze: good everybody. I'll tell you that it's not 175 00:15:14,830 --> 00:15:18,830 Suze: and it's not looking good because President Biden very shortly 176 00:15:18,840 --> 00:15:21,919 Suze: has to leave for the G7. When are they gonna 177 00:15:21,929 --> 00:15:27,039 Suze: negotiate all this? You know, June is right around the corner. 178 00:15:27,049 --> 00:15:31,520 Suze: So we'll see what happens. But the one person that 179 00:15:31,530 --> 00:15:36,679 Suze: I put 100% of my faith behind that really knows. 180 00:15:36,690 --> 00:15:41,599 Suze: Not a pundit, not a news person, not even me 181 00:15:41,859 --> 00:15:44,549 Suze: is somebody who has had to work with this for 182 00:15:44,559 --> 00:15:52,309 Suze: a long, long time during the 2007, 2008 and so smart. 183 00:15:52,320 --> 00:15:53,200 Suze: All right, Next KT 184 00:15:53,570 --> 00:15:58,000 KT: OK, Suze, thank you so much for the synthesis of 185 00:15:58,010 --> 00:15:59,150 KT: what you learn. 186 00:15:59,619 --> 00:16:02,979 KT: I have to say it's a little tough to swallow 187 00:16:02,989 --> 00:16:08,530 KT: one percenters claiming that a new normal of 3 to 4% 188 00:16:08,539 --> 00:16:11,320 KT: inflation is actually good for the economy. 189 00:16:12,270 --> 00:16:16,239 Suze: Alright, stop for one second there, KT. What KT is referring to 190 00:16:16,250 --> 00:16:21,150 Suze: that this poster is referring to, is last Sunday in 191 00:16:21,159 --> 00:16:22,450 Suze: Suze's school, 192 00:16:22,710 --> 00:16:26,080 Suze: I was doing a summary of just a few of 193 00:16:26,090 --> 00:16:30,159 Suze: the things that I learned in this conference that I 194 00:16:30,169 --> 00:16:34,679 Suze: took where there were over 50 speakers that were the... 195 00:16:34,750 --> 00:16:39,919 Suze: not just speakers, they were economists, they were just all brilliant. 196 00:16:40,119 --> 00:16:45,479 Suze: Number one, right? And one of the people laid out, 197 00:16:45,489 --> 00:16:46,440 Suze: why 198 00:16:46,809 --> 00:16:50,650 Suze: not only do they think that our normal now inflation 199 00:16:50,659 --> 00:16:56,489 Suze: rate will be 3 possibly 4% but more likely 3% 200 00:16:56,820 --> 00:17:00,789 Suze: and laid out a scientific study as to why that 201 00:17:00,799 --> 00:17:04,739 Suze: would actually end up being good for the economy versus bad. 202 00:17:04,939 --> 00:17:09,010 Suze: And this poster did not like it at all, obviously. 203 00:17:09,920 --> 00:17:14,989 KT: Let me finish why... ready? Do these folks understand what it means for 204 00:17:15,000 --> 00:17:19,719 KT: retirees or those of us saving for retirement? Those of 205 00:17:19,729 --> 00:17:23,579 KT: us who buy groceries every week, let Powell raise rates 206 00:17:23,589 --> 00:17:26,089 KT: and get inflation down to 2%. 207 00:17:26,310 --> 00:17:30,449 KT: I'm really really tired of talking heads who care more 208 00:17:30,459 --> 00:17:34,260 KT: about their portfolios, let's be honest, than about the cost 209 00:17:34,270 --> 00:17:37,969 KT: of living for the rest of us trying to assuage us. 210 00:17:37,979 --> 00:17:42,639 KT: Inflation is good. Don't you worry. That is utter nonsense 211 00:17:42,650 --> 00:17:48,359 KT: and capitalism at its true worst. So that's a very 212 00:17:48,369 --> 00:17:49,540 KT: strong statement. 213 00:17:49,650 --> 00:17:52,979 Suze: It's a strong statement and I just want to tell you, 214 00:17:53,260 --> 00:17:57,020 Suze: it's a very, very inaccurate statement. 215 00:17:57,760 --> 00:18:03,040 Suze: There is nothing... you may say let poll raise the 216 00:18:03,050 --> 00:18:06,750 Suze: fed funds rate to get inflation down. But if you 217 00:18:06,760 --> 00:18:11,399 Suze: saw all the evidence that was provided not to make these, 218 00:18:11,410 --> 00:18:16,780 Suze: these people richer, but to really save the economies so 219 00:18:16,790 --> 00:18:18,849 Suze: that everything doesn't crash, 220 00:18:19,540 --> 00:18:23,489 Suze: right? But that if Powell continues to raise the fed 221 00:18:23,500 --> 00:18:24,449 Suze: funds rate, 222 00:18:24,689 --> 00:18:29,260 Suze: we very probably will go into a deep recession and 223 00:18:29,270 --> 00:18:32,900 Suze: inflation will come down. But so will the stock market 224 00:18:32,910 --> 00:18:36,920 Suze: so will jobs so will everything. So it's a very, 225 00:18:36,930 --> 00:18:42,060 Suze: very delicate balance. And I think you cannot take just 226 00:18:42,069 --> 00:18:46,579 Suze: a very simplistic view of, oh, we'll be fine if 227 00:18:46,589 --> 00:18:50,239 Suze: there's no inflation. You talk about retirees, 228 00:18:50,670 --> 00:18:56,020 Suze: where did retirees get to put their money when inflation 229 00:18:56,030 --> 00:19:01,329 Suze: was almost at nothing and interest rates therefore were at nothing. 230 00:19:01,550 --> 00:19:06,800 Suze: They were making 0% on their retirement in terms of savings, 231 00:19:06,810 --> 00:19:10,739 Suze: money market accounts. I mean, I remember with Alliant Credit 232 00:19:10,750 --> 00:19:14,810 Suze: Union when we offered all of you 00.6% you just 233 00:19:14,819 --> 00:19:15,869 Suze: couldn't believe it. 234 00:19:16,250 --> 00:19:20,260 Suze: There has to be a place for people to be 235 00:19:20,270 --> 00:19:24,979 Suze: able to put money and get 4% on it or 5% 236 00:19:24,989 --> 00:19:27,839 Suze: so they can earn income and not have to be 237 00:19:27,849 --> 00:19:31,880 Suze: forced to go into the stock market to get dividends 238 00:19:31,890 --> 00:19:33,780 Suze: and take risk with their money. 239 00:19:34,180 --> 00:19:37,859 Suze: Also, you don't want everything to be in a situation 240 00:19:37,869 --> 00:19:43,270 Suze: where people are losing their jobs. Everything is crashing because why? 241 00:19:43,280 --> 00:19:47,500 Suze: The feds raise their rates, inflation comes down and everything, 242 00:19:47,770 --> 00:19:51,290 Suze: you know, isn't that simple. So I ask you to 243 00:19:51,300 --> 00:19:52,349 Suze: have faith 244 00:19:53,109 --> 00:19:56,448 Suze: that you may say the one percenters you have to 245 00:19:56,459 --> 00:20:01,670 Suze: know I am a one percenter. KT is a one percenter. 246 00:20:01,719 --> 00:20:07,030 Suze: So do not put me and certain other people into 247 00:20:07,040 --> 00:20:09,900 Suze: a category that we don't care and we only care 248 00:20:09,910 --> 00:20:14,050 Suze: about our own portfolios and everything like that. I just 249 00:20:14,060 --> 00:20:17,819 Suze: want to say you're really off base there, but I 250 00:20:17,829 --> 00:20:22,060 Suze: honor your opinion, which is why obviously KT read it, 251 00:20:22,380 --> 00:20:26,510 Suze: but it's not as accurate as you think, KT next. 252 00:20:26,520 --> 00:20:29,310 KT: So Suze, this is a great one. I, I really 253 00:20:29,319 --> 00:20:34,219 KT: like this and I'm curious to hear your answer, Suze 254 00:20:34,229 --> 00:20:38,030 KT: on your Sunday podcast. I do want to hear what 255 00:20:38,040 --> 00:20:43,000 KT: your idea would be to rate people's credit worthiness if 256 00:20:43,010 --> 00:20:48,270 KT: there was no FICO score. It's a great question. 257 00:20:48,280 --> 00:20:49,989 Suze: Let me tell you why 258 00:20:50,369 --> 00:20:54,420 Suze: I think FICO and credit scores. Remember FICO stands for 259 00:20:54,430 --> 00:20:59,650 Suze: Fair Isaac Corporation, the company that created the credit score 260 00:20:59,819 --> 00:21:03,969 Suze: and it is the legitimate credit score that almost 80% 261 00:21:03,979 --> 00:21:08,550 Suze: of the lenders look at when they decide what interest 262 00:21:08,560 --> 00:21:11,859 Suze: rate they are going to give you. The higher your 263 00:21:11,869 --> 00:21:15,260 Suze: FICO score, the lower your interest rate, the lower your 264 00:21:15,270 --> 00:21:18,000 Suze: FICO score, the higher your interest rate. 265 00:21:18,579 --> 00:21:20,669 Suze: All right, I'm gonna tell the story. 266 00:21:21,270 --> 00:21:25,069 Suze: I'm on the Suze Orman Show, which by the way, 267 00:21:25,079 --> 00:21:28,750 Suze: you can go to Freevee and watch all 600 episodes. 268 00:21:28,760 --> 00:21:32,640 Suze: I'm on the Suze Orman show and we have a 269 00:21:32,650 --> 00:21:33,359 Suze: caller 270 00:21:34,170 --> 00:21:38,000 Suze: and the caller is telling me that they have a 271 00:21:38,010 --> 00:21:42,900 Suze: really great FICO score, but in order to have a 272 00:21:42,910 --> 00:21:48,959 Suze: good FICO score, they have been taking out payday loans 273 00:21:49,439 --> 00:21:53,599 Suze: in order to pay the minimum payment due on their 274 00:21:53,609 --> 00:21:56,780 Suze: credit cards. And I said, what did you just say? 275 00:21:57,800 --> 00:22:00,699 Suze: And they said, yeah, that's how I do it because 276 00:22:00,709 --> 00:22:03,609 Suze: I have to keep my FICO score up so that 277 00:22:03,619 --> 00:22:07,229 Suze: when I apply for credit, I can get credit, but 278 00:22:07,239 --> 00:22:12,390 Suze: they were paying for their credit cards from where from 279 00:22:12,400 --> 00:22:16,760 Suze: payday loans. Then another caller, same thing 280 00:22:17,040 --> 00:22:20,589 Suze: I'm keeping my FICO score up by taking money out 281 00:22:20,599 --> 00:22:24,410 Suze: of my 401k plan as a loan just so I 282 00:22:24,420 --> 00:22:28,640 Suze: could pay the minimum payment due, Suze on my credit cards. 283 00:22:29,010 --> 00:22:33,770 Suze: That's when I started to realize that FICO had no 284 00:22:33,780 --> 00:22:38,689 Suze: way of knowing where was the money coming from 285 00:22:39,030 --> 00:22:43,310 Suze: that people were using to at least pay the minimum 286 00:22:43,319 --> 00:22:47,030 Suze: payment due and be on time with their credit card 287 00:22:47,040 --> 00:22:52,159 Suze: payments and other credit payments. They didn't have a clue. 288 00:22:52,949 --> 00:22:57,238 Suze: And then it came to pass that there were many 289 00:22:57,250 --> 00:23:01,739 Suze: people that didn't want a credit card because they'd rather 290 00:23:01,750 --> 00:23:03,199 Suze: pay in cash 291 00:23:03,869 --> 00:23:07,819 Suze: and because they were paying in cash, they were actually 292 00:23:07,829 --> 00:23:13,280 Suze: penalized because they didn't have a FICO score because the 293 00:23:13,290 --> 00:23:17,399 Suze: only way for you to have a FICO score would 294 00:23:17,410 --> 00:23:21,939 Suze: be to have some type of credit that you paid on. 295 00:23:22,560 --> 00:23:26,819 Suze: So if you didn't have any credit, you didn't have 296 00:23:26,829 --> 00:23:30,770 Suze: a FICO score. If you didn't have a FICO score, Well, 297 00:23:30,780 --> 00:23:34,609 Suze: now you couldn't get anything. You couldn't get a telephone, 298 00:23:34,619 --> 00:23:37,329 Suze: you couldn't get Direct TV. You couldn't get a car, 299 00:23:37,339 --> 00:23:41,109 Suze: you couldn't rent a car, nothing. And then I started 300 00:23:41,119 --> 00:23:47,409 Suze: to realize that people were punished for pain in cash, 301 00:23:48,030 --> 00:23:52,680 Suze: but they were rewarded by paying the minimum payment due 302 00:23:52,689 --> 00:23:56,738 Suze: on their credit cards, even if the interest on their 303 00:23:56,750 --> 00:23:59,239 Suze: credit card was 20 some odd percent. 304 00:23:59,880 --> 00:24:06,869 Suze: That made absolutely no sense to me whatsoever. So therefore, 305 00:24:07,150 --> 00:24:11,369 Suze: I really think that the system doesn't make any sense. 306 00:24:11,380 --> 00:24:14,040 Suze: I just have to say one other thing about this 307 00:24:14,050 --> 00:24:18,150 Suze: that you got me started... During the pandemic and KT 308 00:24:18,359 --> 00:24:23,149 Suze: was my witness here. I called the FICO people 309 00:24:24,000 --> 00:24:27,540 Suze: and I said to them, listen to me, you need 310 00:24:27,550 --> 00:24:33,449 Suze: to put a freeze on everybody's FICO score as to 311 00:24:33,459 --> 00:24:37,310 Suze: what it was before the pandemic hit 312 00:24:38,079 --> 00:24:42,930 Suze: because nobody should be penalized for having lost a job, 313 00:24:42,939 --> 00:24:46,319 Suze: not being able to make payments and all the things 314 00:24:46,329 --> 00:24:50,689 Suze: that the pandemic would have brought on to households they 315 00:24:50,699 --> 00:24:54,810 Suze: absolutely wouldn't listen to me. And I was like, what 316 00:24:54,819 --> 00:24:58,280 Suze: is wrong with all of you? So while it's true, 317 00:24:58,290 --> 00:25:00,649 Suze: we live in a FICO world. 318 00:25:01,239 --> 00:25:03,930 Suze: There's got to be a better way to do it. 319 00:25:03,939 --> 00:25:07,449 Suze: Do we do it by you make a mortgage payment 320 00:25:07,459 --> 00:25:10,839 Suze: with cash that gives you credit, you pay your rent 321 00:25:10,849 --> 00:25:15,030 Suze: with cash meaning you send in a check or whatever 322 00:25:15,040 --> 00:25:17,500 Suze: it is. So when I say cash, I mean that 323 00:25:17,640 --> 00:25:22,849 Suze: you get credit for that when you just use cash 324 00:25:22,859 --> 00:25:25,989 Suze: as much as you use credit, 325 00:25:27,140 --> 00:25:30,979 Suze: that you get a reward for not having any debt, 326 00:25:30,989 --> 00:25:34,429 Suze: not carrying anything like that and you still get to 327 00:25:34,439 --> 00:25:38,050 Suze: see your ability to pay. Do you pay your utilities 328 00:25:38,060 --> 00:25:42,949 Suze: on time? Do you pay your Direct TV bill on time? 329 00:25:42,959 --> 00:25:46,130 Suze: Do you pay everything on time? Even if you pay 330 00:25:46,260 --> 00:25:50,469 Suze: it in cash? I just think FICO is totally outdated. 331 00:25:50,910 --> 00:25:51,780 Suze: Next question, KT. 332 00:25:52,150 --> 00:25:54,959 KT: Well, I still have, I'm still a FICO on my mind. 333 00:25:55,130 --> 00:25:57,919 KT: Here's another one. I think we should get rid of 334 00:25:57,930 --> 00:26:00,930 KT: the FICO rating. Do you think it's a good idea 335 00:26:00,939 --> 00:26:05,669 KT: to check your score every time your financial institution allows 336 00:26:05,680 --> 00:26:09,430 KT: you to on the monthly statement? I never do because 337 00:26:09,439 --> 00:26:12,280 KT: I do not know if it affects my FICO score 338 00:26:12,290 --> 00:26:14,550 KT: or not. What are your thoughts, Suze? 339 00:26:14,819 --> 00:26:17,270 Suze: So, here's the thing, I think it's great that you have 340 00:26:17,280 --> 00:26:18,979 Suze: a financial institution 341 00:26:19,219 --> 00:26:22,209 Suze: that allows you to check your FICO score for free 342 00:26:22,219 --> 00:26:25,810 Suze: every month I would do. So, you know when you 343 00:26:25,819 --> 00:26:29,709 Suze: check a FICO score, they know very well. Are you 344 00:26:29,719 --> 00:26:33,130 Suze: checking your own score just to make sure that it's ok? 345 00:26:33,140 --> 00:26:38,310 Suze: Or are you a financial institution that's checking your FICO score? 346 00:26:38,319 --> 00:26:41,500 Suze: Because maybe you want to take out a loan with 347 00:26:41,510 --> 00:26:45,569 Suze: them and they look at, for instance, you go to 348 00:26:45,579 --> 00:26:47,228 Suze: shop for a mortgage, 349 00:26:47,630 --> 00:26:51,380 Suze: you want to make sure that you get all your 350 00:26:51,390 --> 00:26:55,119 Suze: mortgage checks within a two week period of time 351 00:26:55,489 --> 00:26:58,420 Suze: because then FICO knows that you're shopping for the best 352 00:26:58,430 --> 00:27:02,939 Suze: rate for a mortgage. If you start having businesses, you know, 353 00:27:02,949 --> 00:27:06,339 Suze: check your FICO score all the time. They know that 354 00:27:06,349 --> 00:27:09,199 Suze: you are applying for a lot of credit and then 355 00:27:09,209 --> 00:27:13,310 Suze: they get scared and then yes, it hurts your FICO score. 356 00:27:13,319 --> 00:27:17,189 Suze: But when an individual checks their FICO score, it doesn't 357 00:27:17,199 --> 00:27:18,079 Suze: hurt it at all. 358 00:27:18,165 --> 00:27:21,895 Suze: Why should you check it all the time? Because we 359 00:27:21,905 --> 00:27:25,494 Suze: happen to live in a day and an age when 360 00:27:25,505 --> 00:27:30,234 Suze: identity theft is rampant. And one of the easiest ways 361 00:27:30,244 --> 00:27:34,935 Suze: for you to know if somebody has stolen your identity 362 00:27:34,944 --> 00:27:37,895 Suze: is if your FICO score all of a sudden goes 363 00:27:37,905 --> 00:27:40,734 Suze: down for absolutely no reason, 364 00:27:41,209 --> 00:27:43,719 Suze: then you go, oh my God. And then you check 365 00:27:43,729 --> 00:27:46,599 Suze: it and you find out what's going on. So that's 366 00:27:46,609 --> 00:27:49,669 Suze: why it's not a bad idea to check it all 367 00:27:49,680 --> 00:27:50,300 Suze: the time. 368 00:27:50,599 --> 00:27:53,540 Suze: Although KT, I can't remember the last time we checked 369 00:27:53,550 --> 00:27:56,149 Suze: our FICO scores. The truth of the matter is the 370 00:27:56,160 --> 00:27:58,810 Suze: reason we don't check our FICO scores, now, all the 371 00:27:58,819 --> 00:28:06,040 Suze: time is our credit is frozen. It is locked down. So, 372 00:28:06,050 --> 00:28:09,930 Suze: even if we went to check our FICO scores, we 373 00:28:09,939 --> 00:28:13,819 Suze: wouldn't be able to check it ourselves at all without 374 00:28:13,829 --> 00:28:15,709 Suze: unfreezing our credit. 375 00:28:16,130 --> 00:28:19,050 Suze: But do I think it's better to have frozen credit 376 00:28:19,060 --> 00:28:22,229 Suze: than check your FICO scores all the time? Oh, you 377 00:28:22,239 --> 00:28:24,260 Suze: bet I do. All right. 378 00:28:24,670 --> 00:28:27,379 KT: Ok, Suze. You ready for next... Now, we're going into 379 00:28:27,390 --> 00:28:28,150 KT: the Roth world. 380 00:28:28,780 --> 00:28:30,619 Suze: I'm not going to have a quizzie for you. 381 00:28:31,510 --> 00:28:32,500 KT: All right. Are you ready? 382 00:28:32,810 --> 00:28:37,609 KT: Are there significant disadvantages to using contributions to a Roth 383 00:28:37,739 --> 00:28:43,229 KT: IRA as a one year emergency fund versus housing an 384 00:28:43,239 --> 00:28:47,520 KT: emergency fund in a high yield savings account and, or 385 00:28:47,530 --> 00:28:53,410 KT: laddered CDs? Are the savings account and CD options significantly 386 00:28:53,420 --> 00:28:57,339 KT: better than using Roth IRA contributions. 387 00:28:58,109 --> 00:28:58,579 Suze: All right KT... pop quizzie! 388 00:28:59,859 --> 00:29:01,060 KT: Absolutely. Yes. 389 00:29:02,170 --> 00:29:04,619 KT: Yes. Yes. 390 00:29:05,630 --> 00:29:07,760 KT: Are you asking me which one's better? 391 00:29:09,790 --> 00:29:10,739 Suze: Kind of... 392 00:29:10,750 --> 00:29:11,540 KT: Ok. Go. 393 00:29:12,989 --> 00:29:15,579 Suze: Right. That was your answer to this question? Yes? (Wrong answer noise) 394 00:29:16,150 --> 00:29:18,939 KT: No. Yes. It's better to use the ladder CDs. 395 00:29:20,489 --> 00:29:25,510 Suze: All right. Everybody listen to me closely. You too, Miss Travis. Right. 396 00:29:26,209 --> 00:29:29,020 Suze: The first part of the question, this is a quizzie... 397 00:29:29,180 --> 00:29:35,060 Suze: Are there significant disadvantages to using contributions to a Roth 398 00:29:35,069 --> 00:29:41,920 Suze: IRA as a one year emergency fund versus housing an 399 00:29:41,930 --> 00:29:46,000 Suze: emergency fund in high yield savings accounts? We'll just stop 400 00:29:46,010 --> 00:29:48,219 Suze: it there? Yes or no. 401 00:29:48,949 --> 00:29:50,650 Suze: Is there... 402 00:29:52,189 --> 00:29:52,650 KT: Use the Roth. 403 00:29:54,030 --> 00:29:54,810 Suze: That's your answer there...Why? 404 00:29:54,869 --> 00:29:57,739 KT: Well, you don't want to break into a, um, a 405 00:29:57,750 --> 00:29:58,800 KT: high yield. 406 00:30:00,010 --> 00:30:03,800 Suze: No, no, that's not the reason. It's the right answer. 407 00:30:03,810 --> 00:30:05,420 Suze: Wrong reason again. So... (wrong answer noise) 408 00:30:05,989 --> 00:30:08,150 KT: Well wait a minute, let me, let me think about it 409 00:30:08,160 --> 00:30:10,280 KT: because with Roth, you can take money out and put 410 00:30:10,290 --> 00:30:10,790 KT: it back in 411 00:30:10,800 --> 00:30:13,000 Suze: No you cannot, I don't know where you got that idea. 412 00:30:13,260 --> 00:30:15,510 KT: All right. So, tell me the, tell me what to do. 413 00:30:17,630 --> 00:30:20,619 KT: Me and that Roth... That guy named Roth. All right, 414 00:30:20,630 --> 00:30:20,880 KT: tell me what to do. 415 00:30:21,430 --> 00:30:25,380 Suze: All right, everybody listen to me closely. Any money that 416 00:30:25,390 --> 00:30:27,760 Suze: you originally put into a Roth, 417 00:30:28,119 --> 00:30:32,930 Suze: you can withdraw without any taxes or penalties whatsoever. 418 00:30:33,540 --> 00:30:39,010 Suze: Within a Roth IRA, you can invest your money in 419 00:30:39,020 --> 00:30:43,959 Suze: a high yield savings account or a money market fund 420 00:30:44,020 --> 00:30:48,170 Suze: that pays you a 4% rate or whatever. And that 421 00:30:48,180 --> 00:30:52,390 Suze: could be like your emergency fund. Now, obviously 422 00:30:53,069 --> 00:30:57,119 Suze: you cannot take the interest out of a Roth IRA 423 00:30:57,130 --> 00:30:59,869 Suze: until you've had it for at least five years and 424 00:30:59,880 --> 00:31:03,119 Suze: 59 a half for it to be tax free. 425 00:31:03,810 --> 00:31:07,819 Suze: But one of the reasons that I like using a 426 00:31:07,880 --> 00:31:11,979 Suze: Roth IRA as an emergency fund, 427 00:31:12,930 --> 00:31:17,900 Suze: especially if you invest it properly where it's safe. It's sound, 428 00:31:17,910 --> 00:31:20,770 Suze: there are no penalties. You can get your money out 429 00:31:20,780 --> 00:31:23,280 Suze: whenever you want, but it's earning a high interest rate 430 00:31:23,979 --> 00:31:28,199 Suze: is because there's a maximum that you can put into 431 00:31:28,209 --> 00:31:30,109 Suze: a Roth every single year. 432 00:31:30,750 --> 00:31:32,780 Suze: And if you were able to, let's say you were 433 00:31:32,790 --> 00:31:37,709 Suze: under 50, put in $6500 this year, you put in 434 00:31:37,719 --> 00:31:40,089 Suze: whatever the limit is next year. But let's just say 435 00:31:40,099 --> 00:31:46,199 Suze: it's 6500 and 6500 and you haven't needed to use it. 436 00:31:46,699 --> 00:31:51,800 Suze: And at the same time, possibly, you're also building up 437 00:31:51,810 --> 00:31:57,119 Suze: an emergency fund outside of a Roth IRA by saving money. 438 00:31:57,880 --> 00:32:03,130 Suze: Eventually, maybe you have enough savings outside of a Roth 439 00:32:03,189 --> 00:32:07,750 Suze: IRA as well. But you didn't miss all of those 440 00:32:07,760 --> 00:32:12,849 Suze: years of being able to put $6500 into a Roth. 441 00:32:12,989 --> 00:32:16,000 Suze: And then you have all this money that's in a 442 00:32:16,010 --> 00:32:20,829 Suze: Roth that you then can actually invest. What you would 443 00:32:20,839 --> 00:32:25,369 Suze: never want to do. However, is within a Roth, 444 00:32:25,699 --> 00:32:30,790 Suze: invest in a certificate of deposit if you are using 445 00:32:30,800 --> 00:32:35,849 Suze: the Roth as your emergency fund. Why? Because there is 446 00:32:35,859 --> 00:32:40,810 Suze: usually a 3 to 6 month penalty to get your 447 00:32:40,819 --> 00:32:42,550 Suze: money out. However, 448 00:32:43,140 --> 00:32:47,150 Suze: it is possible that you could, if you knew that 449 00:32:47,160 --> 00:32:51,780 Suze: you had at least three months of an emergency fund somewhere, 450 00:32:51,930 --> 00:32:55,829 Suze: you could do a three month CD, a four month CD, 451 00:32:55,839 --> 00:33:01,020 Suze: five month CD, six month CD, seven month CD. So 452 00:33:01,030 --> 00:33:05,599 Suze: you did have money coming to every single month, right? 453 00:33:05,609 --> 00:33:06,709 Suze: That's the ladder. 454 00:33:08,760 --> 00:33:09,089 KT: That's what's great about Alliant. 455 00:33:12,760 --> 00:33:17,209 Suze: Now, what's great about Alliant Credit Union that many of you may not realize when we say 456 00:33:17,219 --> 00:33:21,810 Suze: a 3 to 6 month CD. If you read it closely, 457 00:33:21,920 --> 00:33:25,819 Suze: you can get that rate, which is currently 4.5% for 458 00:33:25,829 --> 00:33:29,780 Suze: three months, four months, five months up to you. So 459 00:33:29,790 --> 00:33:33,739 Suze: you could buy $1000 let's say, in each one, then 460 00:33:33,750 --> 00:33:37,150 Suze: you got a six month at four and three quarters percent. 461 00:33:37,510 --> 00:33:42,459 Suze: It would be six month, seven month, eight month, nine month, 462 00:33:42,469 --> 00:33:45,400 Suze: 10 month, up to one year, you can do a 463 00:33:45,410 --> 00:33:49,489 Suze: little in each one of those as well. So it's not, 464 00:33:49,550 --> 00:33:53,260 Suze: it's just a three month CD or a six month CD. 465 00:33:53,349 --> 00:33:56,239 Suze: Then if you wanted, you could do a one year 466 00:33:56,250 --> 00:33:57,319 Suze: and so forth. 467 00:33:57,640 --> 00:34:01,750 Suze: However, I really think for an emergency fund within a 468 00:34:01,760 --> 00:34:05,369 Suze: Roth IRA, if you are going to use it that way, 469 00:34:05,430 --> 00:34:11,049 Suze: you really are better off in a high yield savings 470 00:34:11,060 --> 00:34:16,339 Suze: account and, or money market fund just for the simplicity 471 00:34:16,449 --> 00:34:17,270 Suze: of it. 472 00:34:18,340 --> 00:34:19,229 Suze: All right. 473 00:34:21,408 --> 00:34:24,729 Suze: But I do want to say one other thing, the 474 00:34:24,739 --> 00:34:29,878 Suze: interest rate on the 12 month certificate of deposit and 475 00:34:29,888 --> 00:34:33,808 Suze: the 18 month certificate of deposit. So 5% for the 476 00:34:33,819 --> 00:34:39,569 Suze: one year, 5.15% for the 18 months at Alliant Credit 477 00:34:39,579 --> 00:34:45,118 Suze: Union is really something I want all of you to 478 00:34:45,128 --> 00:34:45,888 Suze: look at. 479 00:34:46,300 --> 00:34:49,889 Suze: It doesn't mean that you can't have three months and six months. 480 00:34:49,899 --> 00:34:53,820 Suze: But as I said, last week I have not had 481 00:34:53,830 --> 00:34:58,639 Suze: one person write me and say to me, I'm worried 482 00:34:58,649 --> 00:35:03,129 Suze: about my money that's in a certificate of deposit. 483 00:35:03,550 --> 00:35:06,429 Suze: And I'm just gonna say this, there was a woman 484 00:35:06,439 --> 00:35:09,449 Suze: at the conference and there were only four women who 485 00:35:09,459 --> 00:35:12,780 Suze: spoke at the conference. Danielle was one of them who 486 00:35:12,790 --> 00:35:15,790 Suze: is so brilliant, it's not even funny. You can look 487 00:35:15,800 --> 00:35:19,199 Suze: up her bio. I posted everybody that spoke. 488 00:35:19,780 --> 00:35:25,929 Suze: She said the following... right after this conference was over, 489 00:35:25,939 --> 00:35:30,189 Suze: she was going to go and open up certificates of 490 00:35:30,199 --> 00:35:34,310 Suze: deposits at seven different places. 491 00:35:34,929 --> 00:35:40,899 Suze: Right. So it's interesting. She chose to actually do certificates 492 00:35:40,909 --> 00:35:46,360 Suze: of deposits within the $250,000 limit to keep her money 493 00:35:46,370 --> 00:35:51,090 Suze: safe and sound. I will forever tell you, I believe 494 00:35:51,100 --> 00:35:54,780 Suze: at this point in time, credit unions are still far 495 00:35:54,790 --> 00:35:58,379 Suze: more conservative in what they do with money right now, 496 00:35:58,389 --> 00:36:00,520 Suze: especially Alliant Credit union 497 00:36:00,800 --> 00:36:05,158 Suze: than many banks. Although there are many incredible banks out 498 00:36:05,169 --> 00:36:10,389 Suze: there like Stern's Bank in Minnesota. Oh my God, Kelly, 499 00:36:10,399 --> 00:36:14,449 Suze: who is the CEO, cares about all of you. So, 500 00:36:14,459 --> 00:36:17,719 Suze: when you know your bankers or you know your credit 501 00:36:17,729 --> 00:36:21,469 Suze: unions and they are offering you really great 502 00:36:21,649 --> 00:36:25,270 Suze: interest rates right now with what's going on, you might 503 00:36:25,280 --> 00:36:26,879 Suze: want to take advantage of it. 504 00:36:27,389 --> 00:36:30,520 KT: OK Everybody, this is KT, I'm gonna take us out. 505 00:36:30,719 --> 00:36:32,020 Suze: You are, you never do. 506 00:36:32,030 --> 00:36:34,479 KT: Yeah. But you know what I want you to all vote. 507 00:36:34,489 --> 00:36:37,080 KT: Do you want me Sunday with her or not? 508 00:36:37,949 --> 00:36:41,010 KT: Do you want me like two Sundays a month? The 509 00:36:41,020 --> 00:36:43,530 KT: first Sunday of the month, the last Sunday of the month... 510 00:36:44,120 --> 00:36:45,810 Suze: Are you woman enough to take their answers? 511 00:36:46,699 --> 00:36:50,969 KT: Yes. if you don't want me, that's fine. I'll go fishing. Ok. Everyone, 512 00:36:50,979 --> 00:36:53,198 KT: we just want you to remember one thing 513 00:36:54,120 --> 00:36:56,529 KT: every day when you wake up. 514 00:36:57,050 --> 00:37:03,229 Suze: You are to say the following today, wherever I go, I will create... 515 00:37:03,239 --> 00:37:06,070 KT: a more peaceful, joyful and loving world. 516 00:37:06,550 --> 00:37:09,239 Suze: And if you do what's gonna happen? 517 00:37:09,520 --> 00:37:10,979 KT: You will be unstoppable. 518 00:37:10,989 --> 00:37:16,050 Suze: All right, see you Sunday and say hi to KT's family. 519 00:37:16,060 --> 00:37:19,770 Suze: That's come in. All right, bye bye, everybody. 520 00:37:24,429 --> 00:37:25,770 Music: (Music Out)