1 00:00:31,470 --> 00:00:37,100 Suze: This is Saturday 08 October 2022 2 00:00:37,930 --> 00:00:41,500 Suze: 96 years ago today, a woman by the name of Louise, 3 00:00:41,500 --> 00:00:47,370 Suze: Hay was born and Louise dedicated most of her life 4 00:00:47,680 --> 00:00:51,580 Suze: to the self help movement. She was truly one of 5 00:00:51,580 --> 00:00:57,460 Suze: the pioneers of wanting all of us to love ourselves 6 00:00:57,990 --> 00:01:02,380 Suze: for all of us to understand how, how we feel 7 00:01:02,380 --> 00:01:06,480 Suze: about who we are determines everything in life. 8 00:01:07,110 --> 00:01:13,740 Suze: And Louise died August 30, 2017 now, five years ago 9 00:01:13,740 --> 00:01:15,420 Suze: at the age of 91. 10 00:01:16,319 --> 00:01:20,920 Suze: For me, that was a tremendous loss because Louise who 11 00:01:20,920 --> 00:01:24,569 Suze: founded Hay House Publishing, who has been my partner in 12 00:01:24,569 --> 00:01:28,020 Suze: almost everything I have ever done for over 20 years 13 00:01:28,020 --> 00:01:28,619 Suze: now 14 00:01:29,940 --> 00:01:33,949 Suze: really was such an icon and a woman in my 15 00:01:33,950 --> 00:01:38,830 Suze: life that I could look up to and go, wow, now, 16 00:01:38,840 --> 00:01:41,390 Suze: that's how I want to be 17 00:01:42,350 --> 00:01:45,560 Suze: So Louise. Just know that I'm thinking of you. I 18 00:01:45,560 --> 00:01:49,350 Suze: know millions of others are thinking about you today and 19 00:01:49,350 --> 00:01:53,180 Suze: that you live on in all your books and in 20 00:01:53,190 --> 00:01:56,650 Suze: everything that you've done and you will forever be present 21 00:01:56,660 --> 00:01:58,700 Suze: in all of our hearts. 22 00:02:01,100 --> 00:02:05,400 Suze: This was a very interesting week in not only in 23 00:02:05,400 --> 00:02:06,590 Suze: the stock market 24 00:02:07,170 --> 00:02:10,390 Suze: but in our world and what's really going on. 25 00:02:10,970 --> 00:02:14,250 Suze: And it's been no secret that I myself have been 26 00:02:14,250 --> 00:02:18,070 Suze: very worried. I've been very worried and I've told you 27 00:02:18,070 --> 00:02:24,420 Suze: all that about how the economy will be dictated by 28 00:02:24,419 --> 00:02:26,810 Suze: what is happening in the world. 29 00:02:27,639 --> 00:02:31,970 Suze: But it's not just the economy, it's our safety, it's 30 00:02:31,980 --> 00:02:33,120 Suze: our world 31 00:02:33,820 --> 00:02:39,300 Suze: and it's how everything affects us. First of all, you 32 00:02:39,300 --> 00:02:42,040 Suze: have to send your love to all the people who 33 00:02:42,040 --> 00:02:46,400 Suze: lost everything in Hurricane Ian, you may think that it's 34 00:02:46,400 --> 00:02:48,560 Suze: going to be easy for them. Oh they'll just go 35 00:02:48,560 --> 00:02:52,010 Suze: to fema and they'll just get money and everything will 36 00:02:52,010 --> 00:02:55,360 Suze: be okay. I'm just here to tell you all of 37 00:02:55,360 --> 00:02:57,399 Suze: you really need to make sure 38 00:02:58,010 --> 00:03:00,950 Suze: and you might want to do this little study. If 39 00:03:00,950 --> 00:03:04,079 Suze: you were part of Ian, how much money would your 40 00:03:04,080 --> 00:03:08,540 Suze: insurance company pay you? How much money would FEMA pay you? 41 00:03:09,060 --> 00:03:12,910 Suze: Because it doesn't work the way that you think it works. 42 00:03:12,919 --> 00:03:17,429 Suze: So many of these people now, maybe given enough money, 43 00:03:17,510 --> 00:03:21,410 Suze: maybe $30,000 or so by FEMA to maybe find a 44 00:03:21,410 --> 00:03:24,560 Suze: place for a little bit to get by. But by 45 00:03:24,560 --> 00:03:28,850 Suze: no means will that replace everything that they've lost, chances 46 00:03:28,850 --> 00:03:31,920 Suze: are their flood insurance didn't exist, 47 00:03:32,430 --> 00:03:36,720 Suze: chances are they probably didn't carry hurricane insurance. So for 48 00:03:36,720 --> 00:03:40,800 Suze: many of these people it is a total loss. And 49 00:03:40,800 --> 00:03:44,530 Suze: how do you start over when that happens? 50 00:03:45,150 --> 00:03:48,089 Suze: And I just bring that up because that is a 51 00:03:48,090 --> 00:03:52,820 Suze: reality of life where destruction can happen. And I just 52 00:03:52,820 --> 00:03:55,610 Suze: want to make sure that you have thought about it. 53 00:03:55,620 --> 00:04:00,150 Suze: What you do are you covered? Are you not before 54 00:04:00,160 --> 00:04:04,740 Suze: something like that just might come your way. But going 55 00:04:04,740 --> 00:04:09,020 Suze: back to what I was talking about the world that 56 00:04:09,020 --> 00:04:13,050 Suze: I've been worried about. I've been worried about Ukraine and 57 00:04:13,050 --> 00:04:13,710 Suze: Russia 58 00:04:14,060 --> 00:04:17,000 Suze: and I'm worried about Putin and what he could or 59 00:04:17,000 --> 00:04:18,089 Suze: could not do. 60 00:04:19,010 --> 00:04:22,760 Suze: I'm worried about inflation because as I've told all of 61 00:04:22,760 --> 00:04:28,410 Suze: you until inflation comes down, this stock market is not 62 00:04:28,420 --> 00:04:32,400 Suze: going to go up. The one thing that the Feds 63 00:04:32,400 --> 00:04:36,830 Suze: want is for inflation to come down. And if inflation 64 00:04:36,830 --> 00:04:40,980 Suze: doesn't come down, they will continue to raise the Fed 65 00:04:40,980 --> 00:04:45,390 Suze: funds rate and the more they raise the Fed funds rate, 66 00:04:45,970 --> 00:04:51,050 Suze: the higher the interest rates will go in your savings accounts, probably, 67 00:04:51,070 --> 00:04:54,520 Suze: the higher the interest rates will go on Treasury bill 68 00:04:54,520 --> 00:05:00,299 Suze: bonds and notes, all investments that give you an alternative 69 00:05:00,310 --> 00:05:03,730 Suze: to make a nice return on your money versus the 70 00:05:03,730 --> 00:05:04,740 Suze: stock market. 71 00:05:05,360 --> 00:05:10,070 Suze: And the higher those rates go normally, the stock market 72 00:05:10,080 --> 00:05:14,700 Suze: goes down and down and down. And that's essentially what 73 00:05:14,700 --> 00:05:18,220 Suze: you are seeing. You're seeing the stock market go down 74 00:05:18,220 --> 00:05:22,420 Suze: dramatically in the past few days, although we kind of 75 00:05:22,430 --> 00:05:25,690 Suze: ended up exactly where we were a week or so ago. 76 00:05:26,550 --> 00:05:31,089 Suze: But you're seeing it mainly go down because everybody is 77 00:05:31,089 --> 00:05:32,719 Suze: afraid of inflation. 78 00:05:33,330 --> 00:05:37,230 Suze: And the main reason they are afraid of inflation right 79 00:05:37,240 --> 00:05:45,330 Suze: now is because OPEC has cut their production of oil 80 00:05:45,390 --> 00:05:50,820 Suze: by two million barrels a day when OPEC cuts their 81 00:05:50,820 --> 00:05:52,529 Suze: production of oil, 82 00:05:53,080 --> 00:05:57,430 Suze: the price of oil goes up, which it has when 83 00:05:57,430 --> 00:06:01,240 Suze: the price of oil goes up, that means the cost 84 00:06:01,250 --> 00:06:04,979 Suze: of a gallon of gasoline will go up and as 85 00:06:04,980 --> 00:06:10,320 Suze: that is happening, inflation goes up and here we go again. 86 00:06:11,170 --> 00:06:16,220 Suze: So we are on an incredible financial roller coaster, it's up, 87 00:06:16,230 --> 00:06:21,400 Suze: it's down, it's all over the place, which is why 88 00:06:22,500 --> 00:06:28,150 Suze: it is very important that you know what you need 89 00:06:28,150 --> 00:06:29,130 Suze: from your money, 90 00:06:29,850 --> 00:06:35,090 Suze: you know, your emotional tolerance when it comes to investing. 91 00:06:35,910 --> 00:06:41,110 Suze: You know that you only do that, which makes you 92 00:06:41,110 --> 00:06:42,380 Suze: feel powerful. 93 00:06:43,260 --> 00:06:46,440 Suze: I never want you to be somebody who has the 94 00:06:46,440 --> 00:06:50,490 Suze: fear of missing out. Who is saying to themselves. Listen, 95 00:06:50,500 --> 00:06:52,700 Suze: I've got to get into the stock market or you 96 00:06:52,700 --> 00:06:55,470 Suze: have a financial advisor saying to you, you've got to 97 00:06:55,470 --> 00:06:58,560 Suze: get in. This is the time to buy and yet 98 00:06:58,570 --> 00:06:59,849 Suze: in your gut 99 00:07:00,470 --> 00:07:01,909 Suze: you're afraid. 100 00:07:02,980 --> 00:07:06,360 Suze: I can never ever say it enough. Fear is the 101 00:07:06,360 --> 00:07:10,490 Suze: main internal obstacle to wealth. It will cause you to 102 00:07:10,490 --> 00:07:14,030 Suze: buy at the wrong time, sell at the wrong time 103 00:07:14,040 --> 00:07:15,580 Suze: and in the end 104 00:07:16,300 --> 00:07:20,870 Suze: the loss will be yours and nobody else's because when 105 00:07:20,870 --> 00:07:24,940 Suze: you lose money doesn't really affect financially speaking, your financial 106 00:07:24,940 --> 00:07:29,200 Suze: advisor doesn't affect the mutual funds or the E. T. S. 107 00:07:29,200 --> 00:07:31,090 Suze: or the stocks you bought really 108 00:07:31,980 --> 00:07:35,190 Suze: the bottom line is it affects you, 109 00:07:35,750 --> 00:07:39,320 Suze: which is why I've been telling you 110 00:07:40,650 --> 00:07:43,700 Suze: If you can't afford to lose money or if this 111 00:07:43,700 --> 00:07:48,380 Suze: is money that you need within 3-5 years or whatever 112 00:07:48,380 --> 00:07:51,390 Suze: it may be. This is not money that belongs in 113 00:07:51,390 --> 00:07:52,560 Suze: the stock market. 114 00:07:53,240 --> 00:07:56,680 Suze: I do think that we are currently in for rough 115 00:07:56,680 --> 00:08:00,390 Suze: times in the market. I do think the trend of 116 00:08:00,390 --> 00:08:03,040 Suze: the stock market is absolutely down. 117 00:08:03,890 --> 00:08:08,540 Suze: But you most likely will see a short term rally 118 00:08:08,700 --> 00:08:12,330 Suze: probably even next week or so. That if you need 119 00:08:12,340 --> 00:08:15,500 Suze: to come out of the stock market because you need 120 00:08:15,500 --> 00:08:19,140 Suze: this money in a relatively short period of time, like 121 00:08:19,150 --> 00:08:22,110 Suze: a year or so then that is when you might 122 00:08:22,120 --> 00:08:23,220 Suze: want to sell. 123 00:08:24,000 --> 00:08:26,770 Suze: And this isn't something that I'm just saying right now. 124 00:08:26,780 --> 00:08:29,200 Suze: I've been saying this for quite a while 125 00:08:29,970 --> 00:08:34,400 Suze: and I think it's possible that maybe in April of 126 00:08:34,400 --> 00:08:38,400 Suze: next year will be in a place that hopefully it 127 00:08:38,400 --> 00:08:40,979 Suze: will be a time again where it will be on 128 00:08:40,980 --> 00:08:46,089 Suze: more solid footing and maybe we can see a turnaround 129 00:08:46,090 --> 00:08:49,469 Suze: where this market may start to go back up again 130 00:08:49,480 --> 00:08:50,720 Suze: little by little. 131 00:08:50,970 --> 00:08:53,449 Suze: But this is not a situation like we had with 132 00:08:53,450 --> 00:08:56,970 Suze: a pandemic where it went straight down and it went 133 00:08:56,970 --> 00:09:00,630 Suze: straight back up. That's called a V shaped recovery because 134 00:09:00,630 --> 00:09:03,920 Suze: it looks like a V straight down straight up like 135 00:09:03,920 --> 00:09:08,230 Suze: a V. This is going to be a long hard 136 00:09:08,230 --> 00:09:11,220 Suze: fought fight financially speaking. 137 00:09:12,240 --> 00:09:14,390 Suze: I tell you all this again 138 00:09:15,000 --> 00:09:17,450 Suze: because I just want you to be prepared. That that's 139 00:09:17,450 --> 00:09:19,070 Suze: what I think is happening. 140 00:09:20,030 --> 00:09:22,790 Suze: I've also said to you, if you have time on 141 00:09:22,790 --> 00:09:23,660 Suze: your side 142 00:09:24,400 --> 00:09:27,540 Suze: You have 10 years, 20 or 30 years until you 143 00:09:27,540 --> 00:09:30,190 Suze: need this money with right diversification 144 00:09:31,059 --> 00:09:36,189 Suze: and dollar cost averaging, you should be more than okay. 145 00:09:36,950 --> 00:09:40,680 Suze: I've also said that for those of you that are 146 00:09:40,679 --> 00:09:44,510 Suze: dollar cost averaging within your retirement accounts. 147 00:09:45,600 --> 00:09:49,130 Suze: So you're putting money every single month in your 401k. 148 00:09:49,130 --> 00:09:52,410 Suze: Or 4403 B. Or T. S. P. Or whatever it 149 00:09:52,410 --> 00:09:56,880 Suze: may be from your check that you get either bi 150 00:09:56,880 --> 00:09:58,560 Suze: weekly or monthly. 151 00:09:59,160 --> 00:10:03,209 Suze: That you might want to now consider just diversifying that 152 00:10:03,440 --> 00:10:08,240 Suze: from straight stock market to maybe a small percentage or 153 00:10:08,240 --> 00:10:13,230 Suze: whatever percentage you may want depending on your circumstances. Maybe 154 00:10:13,230 --> 00:10:16,830 Suze: into bonds or bond E. T. F. But I do 155 00:10:16,830 --> 00:10:19,700 Suze: think diversification is needed here. 156 00:10:20,490 --> 00:10:24,980 Suze: And I did suggest for those of you who aren't 157 00:10:24,990 --> 00:10:30,230 Suze: automatically getting money taken out of your paycheck at work 158 00:10:30,240 --> 00:10:34,320 Suze: and you're putting money into let's say a Roth IRA 159 00:10:35,210 --> 00:10:38,170 Suze: that may be what you would do is dollar cost 160 00:10:38,170 --> 00:10:43,580 Suze: average every two months or three months rather than every month. 161 00:10:44,100 --> 00:10:48,490 Suze: And that confused a lot of you because why wouldn't 162 00:10:48,490 --> 00:10:50,130 Suze: you just do it every month? 163 00:10:50,790 --> 00:10:55,050 Suze: Because I think we need to see what's really happening 164 00:10:55,059 --> 00:10:57,840 Suze: when we invest at this point in time. 165 00:10:58,350 --> 00:11:00,000 Suze: Now all of you know 166 00:11:00,610 --> 00:11:03,130 Suze: that I love the stock Devon, 167 00:11:03,800 --> 00:11:11,470 Suze: Pioneer, Diamondback all energy stocks. I love them and I've 168 00:11:11,470 --> 00:11:14,740 Suze: been telling all of you for a long time now 169 00:11:14,750 --> 00:11:15,770 Suze: to buy them. 170 00:11:16,679 --> 00:11:21,059 Suze: Now remember the date is October 8, 2022. 171 00:11:21,929 --> 00:11:26,670 Suze: So you have to listen carefully and differently now than 172 00:11:26,679 --> 00:11:29,420 Suze: those of you who have been following me for the 173 00:11:29,420 --> 00:11:33,630 Suze: past year or so. And you got in when many 174 00:11:33,630 --> 00:11:36,819 Suze: of the energy stocks, especially the energy E. T. F. 175 00:11:36,820 --> 00:11:41,880 Suze: Symbol X. L. E. Whose price was $35 a share 176 00:11:41,890 --> 00:11:45,280 Suze: at the time. And now as I speak it's about 177 00:11:45,290 --> 00:11:46,319 Suze: 82 178 00:11:47,010 --> 00:11:54,320 Suze: And XLE is currently paying in dividends about 3.48%. 179 00:11:55,150 --> 00:11:59,000 Suze: So I've been telling you about this E. T. F. 180 00:11:59,000 --> 00:12:02,270 Suze: I've been telling you about energy stocks and I have 181 00:12:02,270 --> 00:12:06,439 Suze: to tell you I'm really proud about that because even 182 00:12:06,440 --> 00:12:11,220 Suze: as you look at this last week's performance, the only 183 00:12:11,220 --> 00:12:17,250 Suze: stocks that were up and they were up considerably considerably 184 00:12:17,809 --> 00:12:26,809 Suze: were the energy stocks in particular, Devon, XLE, Diamondback and Pioneer. 185 00:12:27,830 --> 00:12:30,780 Suze: Now I don't have any way to tell you for 186 00:12:30,780 --> 00:12:34,910 Suze: sure if oil is going to continue up, is it 187 00:12:34,910 --> 00:12:37,270 Suze: going to go back down? Because just remember a little 188 00:12:37,270 --> 00:12:38,060 Suze: bit ago 189 00:12:38,610 --> 00:12:44,280 Suze: Really a few weeks ago Devon was at $55 a share. 190 00:12:45,140 --> 00:12:49,890 Suze: Today, Devon is about $72 a share. 191 00:12:51,830 --> 00:12:58,570 Suze: So things can be very volatile even within the energy sector. 192 00:12:59,590 --> 00:13:02,430 Suze: That is why I said to many of you, 193 00:13:03,059 --> 00:13:07,230 Suze: if you're going to be buying these stocks, I want 194 00:13:07,230 --> 00:13:09,820 Suze: you to be buying them for the dividend that they 195 00:13:09,820 --> 00:13:13,840 Suze: pay you so that you are making money while you 196 00:13:13,840 --> 00:13:15,209 Suze: have volatility 197 00:13:15,860 --> 00:13:19,120 Suze: And don't just buy them because you think they are 198 00:13:19,120 --> 00:13:25,010 Suze: going to go up because again they went from 69, 199 00:13:25,010 --> 00:13:28,860 Suze: 70 like a month ago, all the way down to 200 00:13:28,860 --> 00:13:33,949 Suze: 55 and then all the way back up again. I 201 00:13:33,950 --> 00:13:38,840 Suze: do believe that they are still good companies to purchase. 202 00:13:39,580 --> 00:13:42,300 Suze: You might just want to watch for a moment where 203 00:13:42,300 --> 00:13:45,370 Suze: they do go down because I have no doubt there 204 00:13:45,370 --> 00:13:47,790 Suze: will be some volatility there as well 205 00:13:48,620 --> 00:13:53,030 Suze: and that therefore you might want to have some exposure 206 00:13:53,040 --> 00:13:55,660 Suze: to them. Just watch them. 207 00:13:56,330 --> 00:13:59,130 Suze: But here's what I wanted to talk to you about. 208 00:13:59,630 --> 00:14:05,710 Suze: What did you do when Devon went from $70 a 209 00:14:05,710 --> 00:14:11,250 Suze: share down to 55? What did you do when that happened? 210 00:14:12,150 --> 00:14:16,319 Suze: Did you in fact sell, did you get afraid? 211 00:14:17,260 --> 00:14:20,350 Suze: Did you think, oh my God, I want to get 212 00:14:20,360 --> 00:14:26,630 Suze: out or did you buy more or did you do nothing? 213 00:14:27,330 --> 00:14:28,979 Suze: What did you do? 214 00:14:30,120 --> 00:14:35,360 Suze: Because if you are exhibiting behavior of you buy something 215 00:14:35,360 --> 00:14:38,700 Suze: at 72, you're buying it for the dividend 216 00:14:39,330 --> 00:14:43,510 Suze: And it goes down to 55 and now you sell, 217 00:14:44,400 --> 00:14:47,970 Suze: You didn't buy it for the dividend. You therefore bought 218 00:14:47,970 --> 00:14:50,740 Suze: it because you wanted it to go up because the 219 00:14:50,740 --> 00:14:54,460 Suze: dividend even at 72 or right around wherever you may 220 00:14:54,460 --> 00:14:57,450 Suze: have bought, it was still 89, 10%. 221 00:14:59,000 --> 00:15:03,440 Suze: So you have to look at your own behavior here. 222 00:15:03,470 --> 00:15:07,780 Suze: And how do you help yourself financially? And how do 223 00:15:07,780 --> 00:15:13,830 Suze: you hurt yourself financially? Because the tendency is always when 224 00:15:13,830 --> 00:15:16,670 Suze: something goes down, you sell it, 225 00:15:17,850 --> 00:15:21,780 Suze: if it is paying you a good dividend which all 226 00:15:21,780 --> 00:15:23,680 Suze: these energy stocks are 227 00:15:25,090 --> 00:15:30,390 Suze: the volatility. Just stop watching it stop 228 00:15:31,410 --> 00:15:35,180 Suze: because again these companies have what is called a lot 229 00:15:35,180 --> 00:15:37,980 Suze: of free cash flow. They have the ability to pay 230 00:15:37,980 --> 00:15:39,810 Suze: you the dividends that they're paying you. 231 00:15:40,420 --> 00:15:42,610 Suze: And until that changes 232 00:15:43,630 --> 00:15:49,470 Suze: it's just something that don't let the price fluctuation worry 233 00:15:49,470 --> 00:15:49,960 Suze: you 234 00:15:50,930 --> 00:15:55,420 Suze: now the reason that I wanted you to have exposure 235 00:15:55,440 --> 00:15:57,550 Suze: not only to energy 236 00:15:58,180 --> 00:16:02,030 Suze: but also like staples the E. T. F. - X. L. P. 237 00:16:02,920 --> 00:16:07,500 Suze: Maybe some health E. T. F. But I wanted you 238 00:16:07,500 --> 00:16:09,690 Suze: to have different exposure 239 00:16:10,410 --> 00:16:13,240 Suze: is because as you also know 240 00:16:13,820 --> 00:16:17,300 Suze: many of you are dollar cost averaging into the vanguard, 241 00:16:17,300 --> 00:16:21,760 Suze: total stock market index E. T. F. Or the standard 242 00:16:21,760 --> 00:16:25,580 Suze: and Poor's 500 index E. T. F. The S. P. Y. S. 243 00:16:26,500 --> 00:16:29,770 Suze: And you are seeing them go down 244 00:16:30,360 --> 00:16:32,700 Suze: and they're actually going down more 245 00:16:33,300 --> 00:16:37,330 Suze: than other E. T. F. S possibly are going down. 246 00:16:37,340 --> 00:16:41,560 Suze: And that is because the top holdings of all of 247 00:16:41,560 --> 00:16:47,270 Suze: those E. T. F. S are mainly in stocks like Amazon, Apple, 248 00:16:47,280 --> 00:16:52,860 Suze: Microsoft facebook which is now meta and those stocks are 249 00:16:52,860 --> 00:16:54,510 Suze: being obliterated. 250 00:16:55,600 --> 00:17:00,430 Suze: So you need diversification outside a V. T. I. As well. 251 00:17:00,440 --> 00:17:04,270 Suze: In times like this there will come a time again 252 00:17:04,970 --> 00:17:10,710 Suze: when Amazon, Apple, all of those stocks skyrocket and go 253 00:17:10,710 --> 00:17:16,100 Suze: back up but it might not be for a long time. 254 00:17:16,690 --> 00:17:22,850 Suze: So diversification now is needed beyond V. T. I. It's 255 00:17:22,850 --> 00:17:27,990 Suze: needed in things that are rooted in stability and safety 256 00:17:28,000 --> 00:17:33,040 Suze: and areas of demand such as energy. 257 00:17:34,130 --> 00:17:35,030 Suze: Next, 258 00:17:35,869 --> 00:17:41,740 Suze: you also have the ability to keep new money absolutely 259 00:17:41,740 --> 00:17:43,390 Suze: safe and sound 260 00:17:44,310 --> 00:17:49,330 Suze: And beyond the Alliant Credit Union that's now paying 2% 261 00:17:49,340 --> 00:17:53,669 Suze: and you know I love them tremendously. 262 00:17:54,790 --> 00:18:00,430 Suze: I also am continuing really loving for those of you 263 00:18:00,440 --> 00:18:03,350 Suze: who have safe money that you can lock up for 264 00:18:03,350 --> 00:18:08,750 Suze: at least a year or hopefully five years. I'm really 265 00:18:08,760 --> 00:18:12,820 Suze: loving series I bonds still 266 00:18:13,340 --> 00:18:17,790 Suze: and I am encouraging all of you not to wait. 267 00:18:18,000 --> 00:18:21,330 Suze: If you are interested in a Series I bond 268 00:18:22,640 --> 00:18:28,550 Suze: you can't wait because starting November 1st they are going 269 00:18:28,550 --> 00:18:32,800 Suze: to change the interest rates on Series I bonds for 270 00:18:32,810 --> 00:18:38,240 Suze: everybody who purchases a Series I bonds November 1st. All 271 00:18:38,240 --> 00:18:41,580 Suze: the way through May 1st they will be setting a 272 00:18:41,580 --> 00:18:44,870 Suze: new rate. Now I have a feeling that rate will 273 00:18:44,869 --> 00:18:47,480 Suze: probably be about 6%. 274 00:18:48,450 --> 00:18:51,609 Suze: If you were to purchase your Series I bond right 275 00:18:51,619 --> 00:18:52,530 Suze: now 276 00:18:53,190 --> 00:18:58,200 Suze: You would be getting a 9.62% rate 277 00:18:59,470 --> 00:19:03,310 Suze: Now. The rates, the interest rates on Series I bonds, 278 00:19:03,320 --> 00:19:08,280 Suze: you only get that interest rate for six months. So 279 00:19:08,280 --> 00:19:11,350 Suze: if you were to purchase it right now 280 00:19:12,250 --> 00:19:19,130 Suze: Over the next six months you would get 4.81% interest. 281 00:19:19,450 --> 00:19:27,250 Suze: That's half of 9.62%. On an annualized basis. If you 282 00:19:27,260 --> 00:19:31,869 Suze: purchased a Series I bond right now. Do not wait. 283 00:19:32,940 --> 00:19:37,530 Suze: And then on November 1, let's just say they announced 284 00:19:37,540 --> 00:19:39,260 Suze: a six month 285 00:19:40,000 --> 00:19:44,360 Suze: new I bond rate in six months from now in 286 00:19:44,369 --> 00:19:48,050 Suze: April when your Series I bond resets, 287 00:19:49,180 --> 00:19:53,940 Suze: for six months, you'll be set for another annualized rate 288 00:19:53,950 --> 00:19:58,170 Suze: of 6% which means for the next six months after 289 00:19:58,180 --> 00:20:01,879 Suze: these six months you would get 3%. 290 00:20:02,400 --> 00:20:07,090 Suze: So over the year you would have averaged if you 291 00:20:07,090 --> 00:20:12,030 Suze: bought an I bond right now and the new I bond 292 00:20:12,030 --> 00:20:16,369 Suze: rate come November one is 6%. 293 00:20:16,890 --> 00:20:24,800 Suze: You will get 7.81% over an entire year. Where else 294 00:20:24,810 --> 00:20:28,520 Suze: are you going to get? 7.81 295 00:20:29,030 --> 00:20:33,909 Suze: now. I have no idea that come May of next year. 296 00:20:33,920 --> 00:20:37,080 Suze: What the I bond rate will be, could be higher. 297 00:20:37,090 --> 00:20:38,470 Suze: Could be lower. 298 00:20:39,470 --> 00:20:43,420 Suze: But this is what I want you to do right now. 299 00:20:43,430 --> 00:20:47,129 Suze: So you would go to Treasury direct dot gov. You 300 00:20:47,130 --> 00:20:51,290 Suze: could buy it for as little as $25. You can 301 00:20:51,290 --> 00:20:56,429 Suze: purchase an individual I bond for as much as $10,000. 302 00:20:56,460 --> 00:20:59,410 Suze: You still have the ability to gift I bonds do 303 00:20:59,410 --> 00:21:03,369 Suze: all of that. If you don't know about. I bonds 304 00:21:03,580 --> 00:21:09,340 Suze: Search my past podcast for Series I bonds and there 305 00:21:09,340 --> 00:21:12,899 Suze: will be many cases of a master class that I 306 00:21:12,900 --> 00:21:16,119 Suze: think I gave on April 17 and how you gift 307 00:21:16,119 --> 00:21:18,169 Suze: a bond and how much you can get in there 308 00:21:18,180 --> 00:21:21,450 Suze: and ways to get $30,000 a person in there 309 00:21:22,090 --> 00:21:26,470 Suze: And on and on this is something that you really 310 00:21:26,480 --> 00:21:30,129 Suze: cannot miss because I doubt highly that we're going to 311 00:21:30,130 --> 00:21:33,540 Suze: ever see or at least for a long time an 312 00:21:33,550 --> 00:21:38,800 Suze: interest rate of 9.6, as we have right now 313 00:21:39,550 --> 00:21:43,100 Suze: again, just briefly, the reason that I said, if you 314 00:21:43,100 --> 00:21:46,100 Suze: can lock your money up for one year because in 315 00:21:46,100 --> 00:21:50,540 Suze: a Series I bond, you cannot touch that money for 316 00:21:50,540 --> 00:21:54,609 Suze: one year no matter what and years two through five, 317 00:21:54,619 --> 00:21:57,820 Suze: there will be a three month interest penalty. 318 00:21:58,440 --> 00:22:02,980 Suze: But if you think about it, if interest rates continue down, 319 00:22:03,630 --> 00:22:08,200 Suze: if they do because the inflation rate is going down 320 00:22:09,010 --> 00:22:12,750 Suze: then what happens? Hey, you come out two years from now, 321 00:22:12,750 --> 00:22:14,900 Suze: three years from now because you can get a better 322 00:22:14,900 --> 00:22:17,679 Suze: deal somewhere else. Or now you want this money to 323 00:22:17,680 --> 00:22:20,770 Suze: go back in the stock market, a three month interest 324 00:22:20,770 --> 00:22:24,870 Suze: penalty on a small renewal interest rate that the I 325 00:22:24,869 --> 00:22:28,109 Suze: bonds may give you isn't that big of a deal 326 00:22:28,109 --> 00:22:32,980 Suze: given the amount of return you are getting right now. 327 00:22:33,619 --> 00:22:37,980 Suze: So again, you need to go to Treasury direct.gov and 328 00:22:37,980 --> 00:22:42,060 Suze: do it do it do it do not wait if 329 00:22:42,060 --> 00:22:45,980 Suze: you're waiting until let's say October 25 or so. It 330 00:22:45,980 --> 00:22:48,980 Suze: may be too late because of how long it takes 331 00:22:48,980 --> 00:22:51,410 Suze: to settle your purchase. 332 00:22:52,260 --> 00:22:58,230 Suze: So just remember I said that next, I just have 333 00:22:58,230 --> 00:23:02,590 Suze: to also say this, I'm getting a lot of emails 334 00:23:02,590 --> 00:23:03,369 Suze: from women 335 00:23:04,070 --> 00:23:09,190 Suze: who are now widows and their spouse, their husband died 336 00:23:10,080 --> 00:23:15,430 Suze: and they are absolutely being taken advantage of by financial 337 00:23:15,440 --> 00:23:21,520 Suze: advisors or so called financial advisors. And they're getting all 338 00:23:21,520 --> 00:23:24,910 Suze: of this insurance money. They're getting all of this money 339 00:23:24,910 --> 00:23:28,480 Suze: that was left to them from retirement accounts. And many 340 00:23:28,480 --> 00:23:32,410 Suze: of the women writing me are putting all of this 341 00:23:32,410 --> 00:23:34,609 Suze: money in annuities 342 00:23:35,250 --> 00:23:39,200 Suze: now annuities that may pay them in income or annuities 343 00:23:39,200 --> 00:23:44,460 Suze: that may just give them an interest rate. But no diversification, 344 00:23:44,470 --> 00:23:49,260 Suze: no growth, Nothing that makes sense overall. 345 00:23:49,920 --> 00:23:53,670 Suze: I just want all of you out there to understand 346 00:23:53,680 --> 00:23:58,350 Suze: that as interest rates are going up, is it possible 347 00:23:58,500 --> 00:24:01,619 Suze: that you may just be better off in a Treasury 348 00:24:01,619 --> 00:24:07,679 Suze: Bill Bond or note paying you 4% possibly going to 349 00:24:07,680 --> 00:24:11,350 Suze: pay you even more than that. Then locking your money 350 00:24:11,350 --> 00:24:16,699 Suze: up in an annuity for essentially the same interest rate, 351 00:24:17,420 --> 00:24:19,899 Suze: The higher the interest rates go. 352 00:24:20,510 --> 00:24:24,970 Suze: If you then eventually want to go into an annuity 353 00:24:24,980 --> 00:24:28,100 Suze: that pays you a monthly income. I don't have a 354 00:24:28,100 --> 00:24:29,390 Suze: problem with that. 355 00:24:30,290 --> 00:24:34,810 Suze: But I would not be putting 100% of everything that 356 00:24:34,810 --> 00:24:39,680 Suze: I just received into an annuity. It's very important that 357 00:24:39,680 --> 00:24:42,390 Suze: when you go to see a financial advisor 358 00:24:43,030 --> 00:24:48,880 Suze: that that financial advisor exhibits enough emotion to understand that 359 00:24:48,880 --> 00:24:52,300 Suze: if you recently just lost your spouse, you are not 360 00:24:52,310 --> 00:24:55,110 Suze: in your body and there is no way that you 361 00:24:55,109 --> 00:24:58,810 Suze: have the ability to comprehend what that financial advisor is 362 00:24:58,810 --> 00:24:59,920 Suze: telling you to do. 363 00:25:00,540 --> 00:25:04,210 Suze: So I would like you simply to take my advice 364 00:25:04,220 --> 00:25:06,650 Suze: and it's been a law of money in mind for 365 00:25:06,650 --> 00:25:10,200 Suze: a long time. You are to do nothing other than 366 00:25:10,200 --> 00:25:14,159 Suze: keep your money safe and sound for at least six months, 367 00:25:14,160 --> 00:25:17,740 Suze: preferably one year after you have suffered the loss of 368 00:25:17,740 --> 00:25:23,640 Suze: a loved one. And that includes divorce because sometimes divorce 369 00:25:23,650 --> 00:25:27,500 Suze: can be more emotionally damaging than a death, believe it 370 00:25:27,500 --> 00:25:28,050 Suze: or not 371 00:25:28,750 --> 00:25:32,270 Suze: because with the death you're mourning you're in sorrow. But you 372 00:25:32,270 --> 00:25:33,190 Suze: have love. 373 00:25:34,310 --> 00:25:38,860 Suze: In a divorce... sometimes you come from a state of hate, 374 00:25:39,670 --> 00:25:43,510 Suze: a state of anger and again, anger is one of 375 00:25:43,510 --> 00:25:48,080 Suze: the main internal obstacles to wealth. So that is not 376 00:25:48,400 --> 00:25:52,180 Suze: the time for you to make decisions with your money. 377 00:25:53,420 --> 00:25:57,010 Suze: Obviously if you have debt, if you have a mortgage 378 00:25:57,010 --> 00:26:01,639 Suze: on your home, if things like that are out there. Alright. 379 00:26:01,650 --> 00:26:05,590 Suze: Take money and make yourself safe and sound? I don't 380 00:26:05,590 --> 00:26:09,000 Suze: have a problem with that but to take an entire 381 00:26:09,010 --> 00:26:13,650 Suze: inheritance and put it all in an annuity and lock 382 00:26:13,660 --> 00:26:18,420 Suze: it up is not something I want you to do 383 00:26:18,430 --> 00:26:21,109 Suze: and it seems like it's very prevalent now. 384 00:26:21,520 --> 00:26:23,580 Suze: So if you're listening to me and you have a 385 00:26:23,580 --> 00:26:26,869 Suze: parent who has just died or your spouse has just 386 00:26:26,869 --> 00:26:32,619 Suze: died regardless of age? Please be careful. You need a 387 00:26:32,619 --> 00:26:38,680 Suze: financial advisor that asks a million different questions they ask you, 388 00:26:38,690 --> 00:26:42,770 Suze: are you in debt? Do you owe money on a car, 389 00:26:42,780 --> 00:26:45,670 Suze: do you have a mortgage payment that you would like 390 00:26:45,670 --> 00:26:46,780 Suze: to pay off? 391 00:26:48,119 --> 00:26:51,840 Suze: Do you have a trust? Are you yourself sick? Are 392 00:26:51,840 --> 00:26:55,369 Suze: you going to inherit any more money from possibly your parents? 393 00:26:56,950 --> 00:27:00,109 Suze: How do you feel about the stocks that you own? 394 00:27:00,150 --> 00:27:02,650 Suze: Do they make you nervous? Do they not? 395 00:27:03,840 --> 00:27:07,580 Suze: They really need to go into great depth about who 396 00:27:07,580 --> 00:27:11,810 Suze: you are and how you feel before any moves are made. 397 00:27:12,369 --> 00:27:15,150 Suze: But given that we don't know that that's where they're 398 00:27:15,150 --> 00:27:16,320 Suze: going to come from, 399 00:27:17,220 --> 00:27:21,670 Suze: Please listen to what I just told you. Also, briefly, 400 00:27:21,670 --> 00:27:27,210 Suze: I want to say as expected, many lawsuits are popping 401 00:27:27,220 --> 00:27:31,630 Suze: up around the student loan forgiveness program so we will 402 00:27:31,630 --> 00:27:36,409 Suze: see what happens. Do not count on that is going 403 00:27:36,410 --> 00:27:37,210 Suze: to happen. 404 00:27:37,859 --> 00:27:40,879 Suze: I have learned a long time ago. I do not 405 00:27:40,880 --> 00:27:44,900 Suze: count my money until the check has been cashed. I 406 00:27:44,900 --> 00:27:48,149 Suze: do not care about deals that come in and how 407 00:27:48,150 --> 00:27:51,970 Suze: much money I'm supposedly going to make until I have 408 00:27:51,970 --> 00:27:55,580 Suze: made that money and it is in the account. 409 00:27:56,200 --> 00:28:00,830 Suze: So please don't plan your life that absolutely you're gonna 410 00:28:00,830 --> 00:28:06,180 Suze: have $10,000 forgiven or $20,000 depending on your circumstance 411 00:28:06,920 --> 00:28:10,730 Suze: continue to live your life that that's not going to 412 00:28:10,730 --> 00:28:16,370 Suze: happen until it happens because too many people are essentially thinking, 413 00:28:17,740 --> 00:28:20,560 Suze: I don't want this to happen or too many legislators 414 00:28:20,570 --> 00:28:26,030 Suze: are trying to stop it. Just so you know, also 415 00:28:26,040 --> 00:28:28,649 Suze: good news is just going back to series I bonds 416 00:28:28,650 --> 00:28:29,560 Suze: for a second. 417 00:28:29,740 --> 00:28:35,290 Suze: They're also debating and possibly going to raise the individual 418 00:28:35,290 --> 00:28:42,660 Suze: limit on series I bonds from $10,000, a person to $30,000. 419 00:28:42,670 --> 00:28:46,780 Suze: So wouldn't that be something if they did that, that 420 00:28:46,790 --> 00:28:50,890 Suze: would be incredible if interest rates continue up. 421 00:28:51,880 --> 00:28:55,960 Suze: So there's really not a lot more or new that 422 00:28:55,960 --> 00:28:59,110 Suze: I can report to all of you in terms of 423 00:28:59,120 --> 00:29:01,840 Suze: what's happening in the economy. 424 00:29:02,460 --> 00:29:05,250 Suze: All I know is this 425 00:29:06,070 --> 00:29:10,800 Suze: they need to see and they means the Feds need 426 00:29:11,020 --> 00:29:13,630 Suze: to see inflation come down. 427 00:29:14,380 --> 00:29:17,190 Suze: The only way inflation will come down 428 00:29:17,810 --> 00:29:22,850 Suze: is when all of you stop buying everything 429 00:29:23,440 --> 00:29:26,980 Suze: and that has not happened yet. And as long as 430 00:29:26,980 --> 00:29:30,230 Suze: you continue to buy and buy and buy, 431 00:29:31,360 --> 00:29:36,010 Suze: then inflation stays up, there's no reason for it to 432 00:29:36,010 --> 00:29:41,160 Suze: come down. That will cause the Feds to create a 433 00:29:41,160 --> 00:29:46,500 Suze: situation where corporations will start to lay off people 434 00:29:47,260 --> 00:29:50,630 Suze: because once people no longer have a paycheck, they can't 435 00:29:50,630 --> 00:29:53,240 Suze: go out and buy. And if they can't go out 436 00:29:53,250 --> 00:29:57,830 Suze: and buy, then inflation starts to come down. So the 437 00:29:57,830 --> 00:30:03,820 Suze: Feds need to see unemployment start to go up and up. 438 00:30:04,410 --> 00:30:07,970 Suze: They need to see you stop spending money 439 00:30:08,580 --> 00:30:12,420 Suze: and then they need to see inflation come down for 440 00:30:12,420 --> 00:30:15,960 Suze: them stopping to raise the fed funds rate until they 441 00:30:15,960 --> 00:30:17,060 Suze: see that 442 00:30:17,670 --> 00:30:19,710 Suze: they're not going to stop. 443 00:30:20,520 --> 00:30:23,490 Suze: And if they don't stop, you're going to continue to 444 00:30:23,490 --> 00:30:26,600 Suze: see these stock markets go down. 445 00:30:27,870 --> 00:30:31,920 Suze: So I ask you all to be careful. I ask 446 00:30:31,920 --> 00:30:35,850 Suze: you all if what I think comes to pass then 447 00:30:35,850 --> 00:30:40,690 Suze: where I really want you to concentrate on is look 448 00:30:40,690 --> 00:30:45,670 Suze: into series I bonds continue with the ultimate opportunity, savings 449 00:30:45,670 --> 00:30:47,840 Suze: account for liquid money. 450 00:30:48,420 --> 00:30:53,070 Suze: Really think about Treasury Bill notes and bonds as a 451 00:30:53,070 --> 00:30:55,830 Suze: great place to get a good interest rate and keep 452 00:30:55,830 --> 00:30:56,940 Suze: money safe. 453 00:30:58,550 --> 00:31:02,170 Suze: I just want that to be how you are looking 454 00:31:02,170 --> 00:31:08,630 Suze: at everything. And of course diversification. So that is the 455 00:31:08,630 --> 00:31:10,990 Suze: Suze School for today. 456 00:31:11,520 --> 00:31:14,480 Suze: As you know, there's really only one thing that matters 457 00:31:14,480 --> 00:31:17,740 Suze: when it comes to your money and it is this. 458 00:31:17,750 --> 00:31:25,490 Suze: We want you all to be safe, strong, smart and secure. Alright, 459 00:31:25,490 --> 00:31:28,150 Suze: everybody see you on thursday. Bye bye.