1 00:00:07,969 --> 00:00:12,090 Robert: July 23rd, 2026. Welcome to the Women and Money podcast 2 00:00:12,090 --> 00:00:16,209 Robert: as well as everyone smart enough to listen. Hi, everybody, Robert, 3 00:00:16,329 --> 00:00:20,969 Robert: the producer here. For today's classic Suze School, we'll go 4 00:00:20,969 --> 00:00:24,270 Robert: back to November of 2023 and take on the question 5 00:00:24,270 --> 00:00:28,110 Robert: of do we attract or do we repel money. 6 00:00:28,409 --> 00:00:31,180 Robert: We'll have a brand new Ask KT and Suze Anything 7 00:00:31,180 --> 00:00:34,220 Robert: episode for you this coming Sunday. And remember, if you'd 8 00:00:34,220 --> 00:00:36,930 Robert: like to ask a question for the podcast, all you 9 00:00:36,930 --> 00:00:41,689 Robert: have to do is email it to podcast@askSuze.com. That's A 10 00:00:41,689 --> 00:00:45,740 Robert: S K S U Z E.com, or you can ask 11 00:00:45,740 --> 00:00:48,259 Robert: it in the Women and Money Community app, which of 12 00:00:48,259 --> 00:00:51,240 Robert: course you can download for free at Apple Apps or 13 00:00:51,240 --> 00:00:52,159 Robert: Google Play. 14 00:00:52,569 --> 00:00:54,340 Robert: And now... here's Suze. 15 00:00:58,889 --> 00:01:01,470 Suze: It was many, many years ago. 16 00:01:02,340 --> 00:01:05,510 Suze: And I decided to do an experiment. 17 00:01:06,309 --> 00:01:12,000 Suze: And I had somebody gather a whole bunch of red roses, 18 00:01:12,239 --> 00:01:14,039 Suze: single red roses. 19 00:01:14,910 --> 00:01:18,349 Suze: And this was in New York, and they went onto 20 00:01:18,349 --> 00:01:24,870 Suze: the streets, and they were to offer strangers, as they 21 00:01:24,870 --> 00:01:30,309 Suze: were walking by a red rose, just one red rose. 22 00:01:31,029 --> 00:01:36,569 Suze: And as I was watching this person was offering red roses, 23 00:01:36,790 --> 00:01:41,169 Suze: and one person would take it, another person would come along, 24 00:01:41,709 --> 00:01:45,610 Suze: that person would take it, and before you knew it, 25 00:01:46,150 --> 00:01:49,730 Suze: all of the roses, I think she had two dozen. 26 00:01:50,709 --> 00:01:53,160 Suze: All of them were gone. 27 00:01:54,419 --> 00:01:59,410 Suze: The next part of the experiment was, that she had 28 00:01:59,410 --> 00:02:07,529 Suze: approximately 24 $1 bills, OK, same amount of bills that 29 00:02:07,529 --> 00:02:11,520 Suze: she had as roses, and she stood in essentially the 30 00:02:11,520 --> 00:02:12,850 Suze: exact same spot. 31 00:02:13,529 --> 00:02:18,850 Suze: And as people walked by, she offered them a $1 bill. 32 00:02:20,610 --> 00:02:22,889 Suze: How many do you think took it? 33 00:02:24,050 --> 00:02:28,889 Suze: One person passed, did not take it. Another person passed, 34 00:02:29,169 --> 00:02:30,490 Suze: did not take it. 35 00:02:31,809 --> 00:02:39,250 Suze: After approximately 30 minutes of her standing there, not one person, 36 00:02:39,330 --> 00:02:42,509 Suze: and in New York, a lot of people pass you 37 00:02:42,850 --> 00:02:47,830 Suze: in a 30 minute period of time. Not one person 38 00:02:48,050 --> 00:02:51,329 Suze: took the dollar bill. I want you to think about 39 00:02:51,330 --> 00:02:52,210 Suze: this for a second. 40 00:02:53,089 --> 00:02:57,829 Suze: In a relatively shorter amount of time, 24 people took, 41 00:02:57,970 --> 00:02:59,630 Suze: a rose, and smiled. 42 00:03:00,669 --> 00:03:05,299 Suze: In a little bit longer period of time, 30 minutes, 43 00:03:05,710 --> 00:03:11,570 Suze: not one person took a dollar, and I was just 44 00:03:11,750 --> 00:03:14,949 Suze: flipped out about that. I have to tell you, I 45 00:03:14,949 --> 00:03:18,350 Suze: talked about it everywhere I went, when I gave a talk. 46 00:03:18,550 --> 00:03:21,149 Suze: I just didn't understand it. 47 00:03:22,330 --> 00:03:26,729 Suze: But then I started to realize, people don't like to 48 00:03:26,729 --> 00:03:32,008 Suze: talk about money, people don't like to touch money, people 49 00:03:32,008 --> 00:03:37,429 Suze: think that something's wrong with somebody who's giving a dollar away. 50 00:03:38,139 --> 00:03:41,910 Suze: But they'll take something that that $1 would buy, such 51 00:03:41,910 --> 00:03:45,949 Suze: as a rose, and that they're willing to take. 52 00:03:47,240 --> 00:03:51,559 Suze: And so many of us in our lives are like 53 00:03:51,559 --> 00:03:55,000 Suze: that with money whether we know it or not. We 54 00:03:55,000 --> 00:03:58,399 Suze: don't mind touching what money can buy. We don't mind 55 00:03:58,399 --> 00:04:02,960 Suze: touching those things, whether it's our clothes or our furniture 56 00:04:02,960 --> 00:04:06,860 Suze: or our flowers or our gifts or whatever it may be. 57 00:04:07,080 --> 00:04:10,550 Suze: We don't mind showing that to everybody and saying, look 58 00:04:10,550 --> 00:04:13,779 Suze: what somebody got me. Look at what I just bought 59 00:04:14,039 --> 00:04:16,179 Suze: that we don't mind at all. 60 00:04:17,140 --> 00:04:20,599 Suze: But yet we don't like to talk about our money. 61 00:04:21,019 --> 00:04:24,940 Suze: We don't like to touch our money. We don't like 62 00:04:24,940 --> 00:04:27,739 Suze: to say to somebody, Oh, look at how much money 63 00:04:27,738 --> 00:04:30,700 Suze: I just made. Look at what I have, even though 64 00:04:30,700 --> 00:04:33,820 Suze: the couch that you may be sitting on may have 65 00:04:33,820 --> 00:04:36,079 Suze: cost you a whole bunch of money. 66 00:04:37,178 --> 00:04:40,899 Suze: That's not how you see it. All you see it 67 00:04:40,899 --> 00:04:45,720 Suze: as things. So when something becomes a thing, when money 68 00:04:45,859 --> 00:04:50,059 Suze: turns into a thing that has been purchased, then you 69 00:04:50,059 --> 00:04:53,380 Suze: will talk about it and touch it. But when money 70 00:04:53,380 --> 00:04:58,220 Suze: is just money, you tend to stray away from it. 71 00:04:59,230 --> 00:05:01,929 Suze: What is that about everybody? 72 00:05:02,829 --> 00:05:05,279 Suze: Think about in your own lives, and by the way, 73 00:05:05,440 --> 00:05:07,600 Suze: take out your Suzie notebooks, you are so going to 74 00:05:07,600 --> 00:05:08,320 Suze: need it today. 75 00:05:10,359 --> 00:05:16,079 Suze: Think about that, everybody. What is it about money, your 76 00:05:16,079 --> 00:05:18,178 Suze: money that you work for? 77 00:05:19,149 --> 00:05:23,179 Suze: That you spend hours, maybe 40, 50, 60, 70, 80 78 00:05:23,178 --> 00:05:27,589 Suze: hours a week working for, why is it that you 79 00:05:27,589 --> 00:05:30,970 Suze: don't want to touch it, pay attention to it, or 80 00:05:30,970 --> 00:05:32,750 Suze: anything like that? 81 00:05:33,829 --> 00:05:37,440 Suze: If you have your Suze notebook out, that is the 82 00:05:37,440 --> 00:05:38,390 Suze: question at hand. 83 00:05:39,470 --> 00:05:44,450 Suze: So what is it about money that repels you? Answer 84 00:05:44,450 --> 00:05:45,339 Suze: that question. 85 00:05:47,140 --> 00:05:50,308 Suze: And if the answer to that question is nothing, then 86 00:05:50,309 --> 00:05:54,049 Suze: I want you to answer the question, what is it 87 00:05:54,329 --> 00:06:00,308 Suze: about money that attracts you? Now, maybe you need to understand, well, 88 00:06:00,470 --> 00:06:02,828 Suze: how do I even know if money repels me? 89 00:06:03,529 --> 00:06:06,209 Suze: Do you look at your statements? Do you open your 90 00:06:06,209 --> 00:06:07,988 Suze: credit card bills right away? 91 00:06:08,890 --> 00:06:11,058 Suze: Do you make sure that the dollars, if you have 92 00:06:11,059 --> 00:06:14,540 Suze: any of them in your wallets or the $5 bills 93 00:06:14,540 --> 00:06:17,928 Suze: or the 10s, that they're all facing the same way? 94 00:06:18,220 --> 00:06:22,118 Suze: Do you wait 'till the last minute to pay your taxes? 95 00:06:22,500 --> 00:06:25,779 Suze: Do you look at your statements to see what you 96 00:06:25,779 --> 00:06:29,380 Suze: have in your 401ks or your Roth IRAs? 97 00:06:30,250 --> 00:06:33,808 Suze: Do you pay attention to things like that when you're 98 00:06:33,809 --> 00:06:36,808 Suze: watching the news and it's a money segment, do you 99 00:06:36,809 --> 00:06:37,690 Suze: turn it off? 100 00:06:38,609 --> 00:06:41,369 Suze: So many people used to say to me, Suze, I 101 00:06:41,369 --> 00:06:43,450 Suze: like you, but I just can't watch your show. This 102 00:06:43,450 --> 00:06:45,839 Suze: is when I was on CNBC and I would say, 103 00:06:45,920 --> 00:06:49,450 Suze: and why is that? They say, I just can't deal 104 00:06:49,450 --> 00:06:52,169 Suze: with money. I see you and I freak out. 105 00:06:53,250 --> 00:06:57,250 Suze: Obviously, I'm known as the money maiden, the money lady, 106 00:06:57,359 --> 00:07:00,489 Suze: whatever it is that you wanna call me. So when 107 00:07:00,488 --> 00:07:03,269 Suze: you see me, you think about money. 108 00:07:04,149 --> 00:07:08,529 Suze: And for those of you who can't stand watching me, 109 00:07:08,910 --> 00:07:11,269 Suze: it has nothing to do with me, whether you know 110 00:07:11,269 --> 00:07:12,220 Suze: it or not. 111 00:07:12,859 --> 00:07:17,220 Suze: It has to do with your repulsion of money, your 112 00:07:17,220 --> 00:07:19,250 Suze: inability to deal with it. 113 00:07:20,079 --> 00:07:24,170 Suze: If that happens to be you, can you write down 114 00:07:24,170 --> 00:07:25,170 Suze: what is it? 115 00:07:26,299 --> 00:07:31,429 Suze: About money that repels you. On the other hand, if 116 00:07:31,429 --> 00:07:35,690 Suze: you're attracted to it, and what do I mean by that. 117 00:07:36,369 --> 00:07:39,380 Suze: I mean, that you see a financial segment, and you 118 00:07:39,380 --> 00:07:42,980 Suze: like to watch it. You hear about the markets, and 119 00:07:42,980 --> 00:07:46,019 Suze: you like to listen to it. You like to make 120 00:07:46,019 --> 00:07:49,250 Suze: sure that your money, your dollars, and your $5 bills, 121 00:07:49,260 --> 00:07:52,239 Suze: and $10 bills are all lined up in the right order. 122 00:07:52,619 --> 00:07:56,359 Suze: You like to look at your statements. You would like 123 00:07:56,450 --> 00:07:59,570 Suze: to look at what your individual stocks are doing or 124 00:07:59,570 --> 00:08:01,040 Suze: whatever it may be. 125 00:08:01,839 --> 00:08:05,239 Suze: You spend time making sure that you know that you 126 00:08:05,239 --> 00:08:08,679 Suze: do not have so much money sitting in a bank 127 00:08:08,679 --> 00:08:13,559 Suze: account today, maybe making 0.5% interest or whatever it is 128 00:08:13,559 --> 00:08:16,839 Suze: they're paying you. You take the time to take that 129 00:08:16,839 --> 00:08:20,940 Suze: money out of a bank account and put it somewhere 130 00:08:21,079 --> 00:08:24,440 Suze: that's making a whole lot more interest. 131 00:08:25,850 --> 00:08:30,230 Suze: You're actually attracted to dealing with money. 132 00:08:31,350 --> 00:08:34,169 Suze: To dealing with the facts about it, to knowing what 133 00:08:34,169 --> 00:08:37,949 Suze: are the limits for a Roth IRA or this or that, 134 00:08:38,780 --> 00:08:39,590 Suze: anything like that. 135 00:08:41,098 --> 00:08:48,588 Suze: So, if that's you, write down what attracts you to money. 136 00:08:49,679 --> 00:08:56,079 Suze: Because the answer to that question. Whether it's repelling or 137 00:08:56,080 --> 00:08:59,580 Suze: attracting isn't about money. 138 00:09:00,739 --> 00:09:02,979 Suze: It's about you. 139 00:09:04,099 --> 00:09:07,979 Suze: You know, I have always told you that money is 140 00:09:07,979 --> 00:09:12,369 Suze: just a physical manifestation of who you are. 141 00:09:13,479 --> 00:09:16,359 Suze: You're the one who works for it, you're the one 142 00:09:16,359 --> 00:09:20,340 Suze: who earns it, you're the one who saves it, invests it. 143 00:09:20,559 --> 00:09:23,150 Suze: Money can't do anything without you. So if you are 144 00:09:23,150 --> 00:09:25,440 Suze: repelled by your money, 145 00:09:26,609 --> 00:09:32,289 Suze: There is something about yourself that repels you, that you 146 00:09:32,289 --> 00:09:34,940 Suze: don't like, that you're not dealing with. 147 00:09:35,729 --> 00:09:37,809 Suze: I just want you to think about that, and if 148 00:09:37,809 --> 00:09:43,010 Suze: you are attracted to money, there's something about yourself that 149 00:09:43,010 --> 00:09:44,289 Suze: you're attracted to. 150 00:09:45,690 --> 00:09:51,219 Suze: Chances are if you're repelled from money, you may also 151 00:09:51,219 --> 00:09:54,679 Suze: have what I call a lack of self-worth. 152 00:09:55,520 --> 00:10:02,789 Suze: And I will forever believe that self-worth equals net worth. 153 00:10:03,250 --> 00:10:06,890 Suze: And as you get older, and you're dealing with money, 154 00:10:07,090 --> 00:10:10,329 Suze: you know, it's very easy when you're younger, and I 155 00:10:10,330 --> 00:10:12,450 Suze: think I told you this before, I gave a talk 156 00:10:12,450 --> 00:10:16,650 Suze: to some whatever I did to some kids, and in college, 157 00:10:16,690 --> 00:10:21,829 Suze: and anyway, that's besides the point, and they took such offense. 158 00:10:22,270 --> 00:10:26,359 Suze: To when I said self-worth equals net worth, they said, Suze, 159 00:10:26,559 --> 00:10:29,159 Suze: I have self-worth, but I don't have any net worth. 160 00:10:29,440 --> 00:10:31,359 Suze: Just cause I don't have money doesn't mean that I 161 00:10:31,359 --> 00:10:35,390 Suze: don't have self-worth. Oh, grow up. You're in high school, 162 00:10:35,520 --> 00:10:38,390 Suze: you're in college, your parents are paying for you. You 163 00:10:38,390 --> 00:10:39,640 Suze: don't have to deal with money. 164 00:10:40,034 --> 00:10:42,265 Suze: You don't have to go out and get a job 165 00:10:42,265 --> 00:10:44,775 Suze: and pay for everything, and take care of a family, 166 00:10:44,905 --> 00:10:48,325 Suze: and deal with money. So, don't talk to me about 167 00:10:48,325 --> 00:10:51,474 Suze: that you think you know what you're talking about when 168 00:10:51,474 --> 00:10:54,895 Suze: it comes to self-worth and net worth, when you're a teenager, 169 00:10:54,994 --> 00:10:59,494 Suze: or somebody else is supporting you. I'm talking about you. 170 00:11:00,434 --> 00:11:03,984 Suze: Most of you who listen to the Women and Money podcast, 171 00:11:04,315 --> 00:11:08,853 Suze: who work for money, who have to support a family. 172 00:11:09,700 --> 00:11:13,189 Suze: Who have to deal with credit card debt and inflation, 173 00:11:13,340 --> 00:11:17,369 Suze: and feeding yourself and that because why it is all 174 00:11:17,369 --> 00:11:18,640 Suze: on you. 175 00:11:20,130 --> 00:11:24,969 Suze: So, if the answer to that question is that money 176 00:11:24,969 --> 00:11:31,059 Suze: repels you, then in my book, what that is, is 177 00:11:31,059 --> 00:11:36,059 Suze: it's a somehow a lack of self-worth, meaning that you 178 00:11:36,059 --> 00:11:39,059 Suze: don't feel that you're worthy enough to know about it, 179 00:11:39,099 --> 00:11:41,530 Suze: or you have the ability to know about it, or 180 00:11:41,530 --> 00:11:44,500 Suze: to understand it, or to do any of that. 181 00:11:45,460 --> 00:11:49,080 Suze: You know, you can listen to KT on these podcasts, 182 00:11:49,380 --> 00:11:52,780 Suze: and she cannot know the answers to questions and things 183 00:11:52,780 --> 00:11:57,848 Suze: like that, but I am telling you, that woman looks 184 00:11:57,849 --> 00:12:01,630 Suze: at every single statement that comes in. 185 00:12:02,469 --> 00:12:05,590 Suze: And our statements are very thick. She not only looks 186 00:12:05,590 --> 00:12:09,569 Suze: at her own, she looks at mine. And because KT 187 00:12:09,570 --> 00:12:14,409 Suze: doesn't like computers, she doesn't do it electronically as I do, 188 00:12:14,590 --> 00:12:18,229 Suze: but she does do it. I've come out and I 189 00:12:18,229 --> 00:12:20,950 Suze: see her with a stack of papers, and she'll say 190 00:12:20,950 --> 00:12:23,030 Suze: to me, Suze Orman, do you know that we lost 191 00:12:23,030 --> 00:12:24,770 Suze: x amount of money last month? 192 00:12:25,640 --> 00:12:30,409 Suze: Or Suze, why are they charging me $6 a trade? 193 00:12:30,650 --> 00:12:33,289 Suze: I thought I didn't have to spend any money for 194 00:12:33,289 --> 00:12:37,969 Suze: these trades. She watches every penny. 195 00:12:39,190 --> 00:12:43,030 Suze: Miss Travis may not be able to answer certain financial questions, 196 00:12:43,190 --> 00:12:48,770 Suze: nor may you, but who cares about that? Eventually she will, 197 00:12:49,309 --> 00:12:52,449 Suze: and even if she doesn't, she does have the ability 198 00:12:52,450 --> 00:12:56,789 Suze: to look up the correct answers. She is not repelled 199 00:12:56,789 --> 00:13:01,949 Suze: from money. She is attracted to money. That is because 200 00:13:01,950 --> 00:13:06,359 Suze: she values who she is. She has self-worth. She knows 201 00:13:06,739 --> 00:13:09,859 Suze: that money is very important, and she knows that because 202 00:13:09,859 --> 00:13:15,260 Suze: she knows that her survival is important and she values 203 00:13:15,260 --> 00:13:19,159 Suze: her worth. She values who she is, so she values 204 00:13:19,739 --> 00:13:20,500 Suze: all of it. 205 00:13:22,650 --> 00:13:25,330 Suze: And so she would be one that would be answering 206 00:13:25,330 --> 00:13:31,710 Suze: this question by saying, that, yeah, I'm attracted to money, 207 00:13:32,330 --> 00:13:36,000 Suze: dealing with money, learning about money. 208 00:13:36,919 --> 00:13:41,840 Suze: So this is a really, really important Suze School, and 209 00:13:41,840 --> 00:13:44,710 Suze: I'm sorry if I sound a little harsh this morning, 210 00:13:45,200 --> 00:13:47,099 Suze: because it means so much to me. 211 00:13:48,080 --> 00:13:54,500 Suze: This is the crux of financial freedom, everybody. This is it. 212 00:13:55,119 --> 00:13:59,440 Suze: Once you understand the concept that I am talking to 213 00:13:59,440 --> 00:14:03,619 Suze: you about right here and right now. 214 00:14:05,039 --> 00:14:08,159 Suze: Then you'll never have as much money truthfully as you 215 00:14:08,159 --> 00:14:08,880 Suze: should have. 216 00:14:09,669 --> 00:14:14,840 Suze: And possibly you'll never have any money at all. How 217 00:14:14,840 --> 00:14:18,320 Suze: sad is that? How sad is it? 218 00:14:18,979 --> 00:14:23,650 Suze: That may be you. You're the one who's standing in 219 00:14:23,650 --> 00:14:28,219 Suze: the way of being an obstacle to your own wealth, 220 00:14:28,460 --> 00:14:35,369 Suze: your own financial independence. It doesn't have to be that way. 221 00:14:36,789 --> 00:14:40,429 Suze: That is your Suze School, so... 222 00:14:41,580 --> 00:14:44,059 Suze: There's only one thing that I want you to say 223 00:14:44,059 --> 00:14:48,739 Suze: every single day, and it goes as follows. Today, wherever 224 00:14:48,739 --> 00:14:54,299 Suze: I go, I will create a more loving, peaceful, and 225 00:14:54,299 --> 00:14:56,020 Suze: joyful world. 226 00:14:56,780 --> 00:15:02,570 Suze: And if you do that, you will be unstoppable. Bye-bye now.