1 00:00:28,310 --> 00:00:34,059 Suze: March 5th 2023 Suze O here, and welcome everybody to 2 00:00:34,060 --> 00:00:38,129 Suze: the Women and Money Podcast. As well as everybody smart 3 00:00:38,140 --> 00:00:43,300 Suze: enough to listen. We are going straight away to Suze School. 4 00:00:43,310 --> 00:00:46,500 Suze: So you are to take out your Suze notebooks along 5 00:00:46,500 --> 00:00:51,000 Suze: with a pen or a pencil. Do people even use pencils anymore? 6 00:00:51,310 --> 00:00:53,159 Suze: I'm not used to pencil and I don't even know 7 00:00:53,159 --> 00:00:56,620 Suze: how long anyway that's besides the point. And I want 8 00:00:56,630 --> 00:01:00,670 Suze: you to write down today's Suze School 9 00:01:01,320 --> 00:01:05,779 Suze: as we go along because too many of you are 10 00:01:05,780 --> 00:01:12,259 Suze: not understanding how money works when you invest it in 11 00:01:12,270 --> 00:01:16,059 Suze: a savings account or a certificate of deposit or a 12 00:01:16,060 --> 00:01:19,700 Suze: Series I Bond or a Treasury Bill Bond or Note 13 00:01:19,709 --> 00:01:21,870 Suze: or anything like that. 14 00:01:22,250 --> 00:01:26,300 Suze: So you are getting confused and because you are getting confused, 15 00:01:26,310 --> 00:01:31,010 Suze: you are going to be making serious mistakes. So, are 16 00:01:31,010 --> 00:01:33,500 Suze: you ready? Let's begin. 17 00:01:34,540 --> 00:01:37,640 Suze: The very first thing I want you to write down 18 00:01:38,670 --> 00:01:43,590 Suze: are the letters A P Y 19 00:01:45,140 --> 00:01:52,130 Suze: And those three letters stand for annual percentage yield, write 20 00:01:52,140 --> 00:01:56,300 Suze: that down, annual percentage yield. 21 00:01:56,950 --> 00:02:01,210 Suze: And now I want you to underline the word annual 22 00:02:01,940 --> 00:02:06,110 Suze: and I want you to think about what does that 23 00:02:06,120 --> 00:02:07,460 Suze: word mean? 24 00:02:08,220 --> 00:02:16,810 Suze: That word means annual on a yearly basis, percentage yield. 25 00:02:16,820 --> 00:02:22,180 Suze: What do those words mean? That in one year on 26 00:02:22,180 --> 00:02:23,800 Suze: an annual basis, 27 00:02:24,560 --> 00:02:29,669 Suze: the percentage that your money would yield you is whatever 28 00:02:29,680 --> 00:02:34,000 Suze: the investment that you made is quoted at. For instance, 29 00:02:34,160 --> 00:02:39,609 Suze: let's just assume you have $10,000 that you want to invest. 30 00:02:39,740 --> 00:02:43,000 Suze: And let's say that $10,000, 31 00:02:43,370 --> 00:02:50,150 Suze: maybe is at a savings account somewhere making for you 3%. 32 00:02:50,320 --> 00:02:55,550 Suze: Let's just say that's true. And that 3% is APY. 33 00:02:56,680 --> 00:03:02,230 Suze: How much would you make on that? $10,000 if the 34 00:03:02,240 --> 00:03:05,430 Suze: interest rate did not change over the year period of 35 00:03:05,430 --> 00:03:09,120 Suze: time and you just left it in there? 36 00:03:10,220 --> 00:03:16,100 Suze: You would be making $300 in one year. 37 00:03:17,870 --> 00:03:22,140 Suze: We all got that? How much, however, if you put 38 00:03:22,150 --> 00:03:28,000 Suze: in $10,000 into a savings account paying you 3% A 39 00:03:28,000 --> 00:03:33,160 Suze: P Y and six months from now, you decided, you 40 00:03:33,160 --> 00:03:36,380 Suze: know what, I'm taking all my money out to do 41 00:03:36,380 --> 00:03:40,300 Suze: something else with it. How much would you earn? 42 00:03:40,970 --> 00:03:45,490 Suze: You would earn $150 approximately, 43 00:03:46,360 --> 00:03:50,840 Suze: in a three-month period of time. Do you understand what's 44 00:03:50,840 --> 00:03:57,410 Suze: happening here? You would probably only earn $75 in interest 45 00:03:57,420 --> 00:04:00,970 Suze: on a $10,000 deposit. 46 00:04:01,760 --> 00:04:04,400 Suze: So it's important for you to understand, 47 00:04:05,010 --> 00:04:10,880 Suze: is that you get a portion of that 3% APY. 48 00:04:11,080 --> 00:04:15,020 Suze: It's based on the amount of time that your money 49 00:04:15,030 --> 00:04:17,470 Suze: has actually been invested. 50 00:04:18,140 --> 00:04:22,600 Suze: But it's still based on if it had stayed in 51 00:04:22,600 --> 00:04:25,910 Suze: there for an entire year, that it would have earned 52 00:04:25,920 --> 00:04:33,200 Suze: an actual 3% or in this case, $300. 53 00:04:33,730 --> 00:04:38,980 Suze: So you have to really get that because what's important 54 00:04:38,980 --> 00:04:41,570 Suze: when it comes to investing is that there's like a 55 00:04:41,570 --> 00:04:48,890 Suze: universal language that everybody understands. If they left their money 56 00:04:48,890 --> 00:04:51,260 Suze: in for a year, this is how much they would 57 00:04:51,260 --> 00:04:51,789 Suze: get 58 00:04:52,310 --> 00:04:57,810 Suze: because no financial institution knows in advance. Are you going 59 00:04:57,810 --> 00:04:59,580 Suze: to leave it in there for three months? Are you 60 00:04:59,580 --> 00:05:01,810 Suze: going to leave it in there for five months? What 61 00:05:01,810 --> 00:05:04,380 Suze: are you going to do with it? So it's all 62 00:05:04,380 --> 00:05:09,230 Suze: based on an A P Y and the actual interest 63 00:05:09,230 --> 00:05:13,750 Suze: rate that you earn is also based on the amount 64 00:05:13,760 --> 00:05:18,500 Suze: of time that it is in that investment. 65 00:05:19,200 --> 00:05:23,230 Suze: One other word that I want you to write down 66 00:05:23,920 --> 00:05:28,840 Suze: and that word is compound interest, 67 00:05:30,160 --> 00:05:32,869 Suze: compound interest 68 00:05:33,800 --> 00:05:39,120 Suze: when you invest money or when you put money into 69 00:05:39,120 --> 00:05:44,050 Suze: a savings account or a certificate or a treasury, whatever 70 00:05:44,050 --> 00:05:44,960 Suze: it may be 71 00:05:46,000 --> 00:05:52,060 Suze: and the interest that the money that you deposited stays 72 00:05:52,070 --> 00:05:54,190 Suze: in that account 73 00:05:55,610 --> 00:06:00,510 Suze: and that money earns interest. So you make a deposit of, 74 00:06:00,510 --> 00:06:06,779 Suze: let's just say $10,000 and now that $10,000 earned interest 75 00:06:06,779 --> 00:06:08,000 Suze: for that month, 76 00:06:08,820 --> 00:06:12,299 Suze: the interest that it earned is still in the account. 77 00:06:12,350 --> 00:06:19,140 Suze: So now that money, that interest earns interest that's known 78 00:06:19,150 --> 00:06:22,280 Suze: as compound interest. 79 00:06:23,380 --> 00:06:28,450 Suze: Did you write all of those down? Let's now go 80 00:06:28,450 --> 00:06:33,210 Suze: on to the three and six month certificates that Alliant 81 00:06:33,210 --> 00:06:39,619 Suze: Credit Union started to offer last Sunday to tremendous success 82 00:06:39,630 --> 00:06:40,400 Suze: by the way, 83 00:06:41,100 --> 00:06:44,860 Suze: and to find out more about the three and six 84 00:06:44,860 --> 00:06:48,830 Suze: month certificates with Alliant Credit Union, you would just go 85 00:06:48,830 --> 00:06:53,169 Suze: to My Alliant A L L I A N T 86 00:06:53,170 --> 00:06:58,760 Suze: dot com slash Ultimate. Because again, on the Women and 87 00:06:58,760 --> 00:07:02,550 Suze: Money podcast, it really is the only place that we're 88 00:07:02,550 --> 00:07:07,360 Suze: letting people know about the certificates because the rates are 89 00:07:07,370 --> 00:07:10,530 Suze: so high. All right, let's continue. 90 00:07:12,340 --> 00:07:16,320 Suze: So... I need you to write these numbers down. 91 00:07:17,330 --> 00:07:19,810 Suze: The three month certificate 92 00:07:21,270 --> 00:07:28,050 Suze: offers a dividend yield of 4.75% 93 00:07:28,920 --> 00:07:36,630 Suze: and an A P Y of 4.85%. The six month 94 00:07:36,640 --> 00:07:44,580 Suze: certificate offers a dividend yield of 4.89% 95 00:07:45,930 --> 00:07:53,950 Suze: But the APY is 5%. Do you understand the difference 96 00:07:53,950 --> 00:07:57,120 Suze: between the dividend yield 97 00:07:57,850 --> 00:08:00,220 Suze: and the A P Y? 98 00:08:01,160 --> 00:08:03,520 Suze: And chances are you do not. 99 00:08:04,450 --> 00:08:08,980 Suze: So again, let's add another definition 100 00:08:09,630 --> 00:08:11,600 Suze: on our little Suze Notebook 101 00:08:12,490 --> 00:08:14,290 Suze: Dividend yield 102 00:08:15,000 --> 00:08:17,780 Suze: is the actual interest rate 103 00:08:18,580 --> 00:08:24,580 Suze: that you will be earning on the certificates. Now, these 104 00:08:24,580 --> 00:08:29,710 Suze: certificates with Alliant Credit Union, you have the ability to 105 00:08:29,710 --> 00:08:33,820 Suze: take out the interest or the dividend yield and they're 106 00:08:33,820 --> 00:08:37,560 Suze: just calling it that because they're certificates. And that's what 107 00:08:37,570 --> 00:08:42,380 Suze: credit unions, that's their lingo that they use. So the 108 00:08:42,390 --> 00:08:44,730 Suze: interest or the dividend yield 109 00:08:45,040 --> 00:08:49,800 Suze: that you are able to earn on the three month 110 00:08:49,809 --> 00:08:55,890 Suze: or the six month certificate can be withdrawn for income 111 00:08:56,140 --> 00:09:01,550 Suze: every single month if you want to. And Alliant Credit 112 00:09:01,550 --> 00:09:05,520 Suze: Union does not know if you are going to be 113 00:09:05,520 --> 00:09:10,190 Suze: withdrawing that interest or dividend yield or if you're just 114 00:09:10,200 --> 00:09:12,030 Suze: going to leave it in there. 115 00:09:12,910 --> 00:09:18,760 Suze: If you just leave your dividend yield in there, the 116 00:09:18,770 --> 00:09:21,040 Suze: interest that you're making in there 117 00:09:21,679 --> 00:09:26,760 Suze: and now that interest starts to compound, we learned what 118 00:09:26,760 --> 00:09:31,500 Suze: that means, that interest starts to make interest, then your 119 00:09:31,510 --> 00:09:38,949 Suze: annual percentage yield will be 4.85%, on the three month 120 00:09:38,960 --> 00:09:46,750 Suze: or 5% annual percentage yield on the six month. However, 121 00:09:47,660 --> 00:09:51,110 Suze: go back again to what I started to teach you today, 122 00:09:51,110 --> 00:09:56,679 Suze: which was annual percentage yield. That does not mean that 123 00:09:56,679 --> 00:10:02,970 Suze: at the end of three months, assuming you invested $10,000, 124 00:10:03,150 --> 00:10:05,870 Suze: that at the end of three months, you're going to 125 00:10:05,880 --> 00:10:12,400 Suze: earn $485 or if you purchased the six-month certificate 126 00:10:12,809 --> 00:10:18,480 Suze: at a 5% annual yield, assuming again, you're leaving the 127 00:10:18,490 --> 00:10:23,000 Suze: interest or the dividend in there. It does not mean 128 00:10:23,010 --> 00:10:28,660 Suze: at the end of six months you're going to earn $500. No. 129 00:10:28,660 --> 00:10:30,059 Suze: And why is that? 130 00:10:30,670 --> 00:10:34,510 Suze: Because you didn't leave it in there for a year 131 00:10:34,840 --> 00:10:41,670 Suze: and interest rates are quoted on an annual percentage yield. 132 00:10:42,330 --> 00:10:48,050 Suze: So do not mix that up. There is no place 133 00:10:48,190 --> 00:10:50,510 Suze: that you can invest money 134 00:10:51,429 --> 00:10:57,300 Suze: that is not quoted as an annual percentage yield. 135 00:10:58,280 --> 00:11:01,839 Suze: So for those of you who keep thinking that you 136 00:11:01,840 --> 00:11:05,680 Suze: are making more money in your bank accounts or your 137 00:11:05,679 --> 00:11:09,620 Suze: money market accounts, wherever your money happens to be, 138 00:11:10,420 --> 00:11:15,430 Suze: than you would in a three or six month certificate, 139 00:11:15,440 --> 00:11:19,170 Suze: you are not calculating correctly 140 00:11:20,030 --> 00:11:25,850 Suze: and you really need to understand that big time 141 00:11:26,520 --> 00:11:33,040 Suze: Again, the interest rates that Alliant is offering are fabulous 142 00:11:33,050 --> 00:11:37,640 Suze: interest rates right now. So for those of you, seriously, 143 00:11:37,650 --> 00:11:42,490 Suze: you have money at other bank accounts, at other credit unions. 144 00:11:42,500 --> 00:11:47,150 Suze: Any place, this is savings money, this is money that 145 00:11:47,160 --> 00:11:50,310 Suze: you really don't think you're going to need. You just 146 00:11:50,309 --> 00:11:52,790 Suze: want to get the highest interest rate on it. 147 00:11:53,210 --> 00:11:58,660 Suze: You need to think about where should you be transferring 148 00:11:58,660 --> 00:12:03,770 Suze: that money to get the highest possible interest that you 149 00:12:03,770 --> 00:12:08,809 Suze: can get. Once again, I am going to repeat. I 150 00:12:08,809 --> 00:12:12,660 Suze: personally think interest rates are going to continue to go 151 00:12:12,670 --> 00:12:17,680 Suze: up and I would not be going out more than 152 00:12:17,730 --> 00:12:21,429 Suze: six months at this point in time. 153 00:12:22,410 --> 00:12:26,250 Suze: Are we all clear on this lesson today 154 00:12:26,770 --> 00:12:31,460 Suze: as to how an A P Y works and how 155 00:12:31,470 --> 00:12:36,880 Suze: compounding works? Those are the things that you seriously need 156 00:12:36,890 --> 00:12:39,660 Suze: to understand. Next. 157 00:12:40,270 --> 00:12:46,990 Suze: The biggest difference between a certificate of deposit and a Treasury, 158 00:12:47,000 --> 00:12:49,440 Suze: whether it's a Treasury bill 159 00:12:49,960 --> 00:12:52,970 Suze: and a Treasury bill has a maturity of one year 160 00:12:52,970 --> 00:12:58,600 Suze: or less. A Treasury note is to, to essentially 10 161 00:12:58,600 --> 00:13:04,110 Suze: years and a Treasury bond is 20 or 30 years. 162 00:13:04,120 --> 00:13:09,540 Suze: The main difference between a tTreasury instrument, whether it's a 163 00:13:09,540 --> 00:13:13,550 Suze: Treasury Bill Bonder Note or a Series I bond or 164 00:13:13,550 --> 00:13:16,570 Suze: Series EE bonds or whatever they may be, 165 00:13:17,100 --> 00:13:22,830 Suze: And any other investment such as a certificate of deposit 166 00:13:22,840 --> 00:13:25,720 Suze: or interest rates that you make on savings accounts or 167 00:13:25,720 --> 00:13:30,680 Suze: money market accounts. The biggest difference between those two 168 00:13:31,380 --> 00:13:37,170 Suze: is that whenever you buy a Treasury, you do not 169 00:13:37,170 --> 00:13:43,670 Suze: have to pay state income tax on that money. However, 170 00:13:43,730 --> 00:13:48,040 Suze: with certificates and money market accounts, you not only pay 171 00:13:48,040 --> 00:13:51,949 Suze: taxes on the federal level, you will also, if you 172 00:13:51,950 --> 00:13:53,630 Suze: live in a state 173 00:13:53,970 --> 00:13:58,710 Suze: that charges state income tax, also pay tax on a 174 00:13:58,710 --> 00:14:05,330 Suze: state level as well. In a Treasury, you only pay 175 00:14:05,340 --> 00:14:11,450 Suze: income tax on the federal level. Now, for many of you, 176 00:14:11,600 --> 00:14:13,770 Suze: that's not a really big deal. 177 00:14:14,170 --> 00:14:16,750 Suze: Maybe you're not in a very high tax bracket at 178 00:14:16,760 --> 00:14:19,800 Suze: all or you happen to live in a state where 179 00:14:19,800 --> 00:14:22,900 Suze: you hardly have any state income tax. So none of 180 00:14:22,900 --> 00:14:24,130 Suze: that affects you. 181 00:14:24,690 --> 00:14:29,360 Suze: But if you happen to live in California or Hawaii 182 00:14:29,370 --> 00:14:36,080 Suze: or states where it's at 13%, state income tax or 11% 183 00:14:36,090 --> 00:14:39,980 Suze: or states really, that are high and you can look 184 00:14:39,980 --> 00:14:44,490 Suze: it up, go and look at what is the state-income 185 00:14:44,490 --> 00:14:48,410 Suze: tax based on your income that you pay? 186 00:14:49,020 --> 00:14:52,760 Suze: And then you'll know, are you better off buying a 187 00:14:52,760 --> 00:14:57,140 Suze: Treasury versus a certificate? 188 00:14:57,820 --> 00:15:02,740 Suze: And it's really just that simple. So I can outright 189 00:15:02,740 --> 00:15:07,300 Suze: tell you that in the majority of cases if you 190 00:15:07,300 --> 00:15:13,310 Suze: live in places like New York, New Jersey, Georgia, Hawaii, 191 00:15:13,320 --> 00:15:17,850 Suze: especially California. Nine out of 10 of the times you 192 00:15:17,850 --> 00:15:24,460 Suze: are better off buying a Treasury bill than a certificate. 193 00:15:24,890 --> 00:15:26,330 Suze: Alright, everybody? 194 00:15:30,190 --> 00:15:34,700 Suze: There's also something you need to understand which is there's 195 00:15:34,710 --> 00:15:41,060 Suze: a difference between savings and investments for the long run 196 00:15:41,080 --> 00:15:44,800 Suze: and in an emergency savings fund. 197 00:15:45,640 --> 00:15:50,000 Suze: Most of you for an emergency savings fund or account 198 00:15:50,010 --> 00:15:53,400 Suze: want to know that you can get at your money 199 00:15:53,440 --> 00:15:55,270 Suze: at any time. 200 00:15:55,900 --> 00:16:01,170 Suze: And that's why many of you put your eight month 201 00:16:01,180 --> 00:16:06,190 Suze: or 12-month emergency savings fund in the Ultimate Opportunity Savings 202 00:16:06,190 --> 00:16:09,810 Suze: account or wherever you may happen to do so. 203 00:16:10,170 --> 00:16:14,550 Suze: But for many of you, you truly just don't want 204 00:16:14,550 --> 00:16:19,540 Suze: to get complicated. You just want your savings account money 205 00:16:19,550 --> 00:16:22,300 Suze: to be liquid in case you need more than three 206 00:16:22,300 --> 00:16:25,530 Suze: months or six months at one time, you just want 207 00:16:25,640 --> 00:16:30,100 Suze: liquid money. You do not want to tie it up. 208 00:16:30,110 --> 00:16:33,870 Suze: New word: liquid, write it down. 209 00:16:34,660 --> 00:16:39,420 Suze: Liquid means you can get at it anytime you want 210 00:16:39,430 --> 00:16:41,740 Suze: without a penalty. 211 00:16:43,110 --> 00:16:46,180 Suze: So you want to know that oh, you have 10 212 00:16:46,180 --> 00:16:49,580 Suze: or 15,000 or 20,000 or whatever it may be in 213 00:16:49,580 --> 00:16:54,540 Suze: the Ultimate Opportunity Savings account at 3.10% and you just 214 00:16:54,540 --> 00:16:57,650 Suze: want to know that you can get at it tomorrow, 215 00:16:58,360 --> 00:17:03,080 Suze: all of it, you leave it there, you just leave 216 00:17:03,080 --> 00:17:06,709 Suze: it there or wherever you happen to have it. If, 217 00:17:06,710 --> 00:17:10,730 Suze: however you know that you can tie up this money 218 00:17:10,730 --> 00:17:14,430 Suze: for three months or six months or whatever. And it 219 00:17:14,430 --> 00:17:18,600 Suze: makes sense depending on the state that you live in and, 220 00:17:18,609 --> 00:17:23,389 Suze: or your own income tax bracket, even if you live 221 00:17:23,390 --> 00:17:27,200 Suze: in a state that has state income taxes, 222 00:17:27,640 --> 00:17:30,250 Suze: but you're not really paying any because you're not really 223 00:17:30,250 --> 00:17:33,860 Suze: making any money and you just want it to be 224 00:17:33,859 --> 00:17:36,100 Suze: very simple for you. 225 00:17:36,800 --> 00:17:40,090 Suze: And maybe you have money sitting in a bank account 226 00:17:40,090 --> 00:17:43,619 Suze: somewhere paying you 0.6% or whatever it is. 227 00:17:44,270 --> 00:17:48,800 Suze: Then you might want to take advantage of the three 228 00:17:48,810 --> 00:17:54,129 Suze: and six month certificates that Alliant Credit Union is offering. 229 00:17:54,650 --> 00:17:59,939 Suze: Let's talk about maturity dates and what they mean to you, 230 00:17:59,950 --> 00:18:03,760 Suze: write it down. A maturity date, 231 00:18:04,560 --> 00:18:10,210 Suze: when you purchase a three month certificate or a six 232 00:18:10,210 --> 00:18:11,760 Suze: month certificate. 233 00:18:12,400 --> 00:18:17,420 Suze: In this case with Alliant Credit Union in three months, 234 00:18:17,990 --> 00:18:24,030 Suze: that certificate matures all of the money plus the interest 235 00:18:24,030 --> 00:18:28,630 Suze: that it earned is your money to do whatever you 236 00:18:28,630 --> 00:18:32,750 Suze: want with without any penalties whatsoever. 237 00:18:33,130 --> 00:18:36,550 Suze: It's your choice if you want to renew it and 238 00:18:36,550 --> 00:18:40,620 Suze: buy another three month certificate or at that time, a 239 00:18:40,619 --> 00:18:44,660 Suze: six month certificate, or do you want your money to 240 00:18:44,660 --> 00:18:47,700 Suze: go back into your savings account or any account that 241 00:18:47,700 --> 00:18:51,640 Suze: you might have at Alliant to do whatever you want 242 00:18:51,640 --> 00:18:58,080 Suze: with up to you. So when you see a maturity date, 243 00:18:58,350 --> 00:19:03,710 Suze: whether it's three months, six months, one year or two years, 244 00:19:04,280 --> 00:19:09,180 Suze: that is the amount of time that your investment is 245 00:19:09,180 --> 00:19:11,300 Suze: essentially tied up, 246 00:19:11,810 --> 00:19:13,910 Suze: it can go up and down in value. If it's 247 00:19:13,910 --> 00:19:17,910 Suze: a treasury, there will be possible penalties of three months 248 00:19:17,910 --> 00:19:22,250 Suze: of interest if you come out before the maturity date 249 00:19:22,260 --> 00:19:28,000 Suze: of the certificates. So you know, when you can get 250 00:19:28,010 --> 00:19:33,910 Suze: at this money without any penalties or fluctuation in your principal, 251 00:19:33,920 --> 00:19:36,219 Suze: what so ever 252 00:19:36,869 --> 00:19:42,610 Suze: Your maturity dates should be chosen according to not what 253 00:19:42,609 --> 00:19:47,610 Suze: the interest rate is paying, but two things when you 254 00:19:47,609 --> 00:19:52,020 Suze: think you may want access to that money penalty free. 255 00:19:53,020 --> 00:19:57,380 Suze: And do you think that interest rates are going to 256 00:19:57,380 --> 00:20:02,810 Suze: go higher in the future? So you want that money 257 00:20:02,810 --> 00:20:06,690 Suze: to mature? So you could possibly invest it at a 258 00:20:06,690 --> 00:20:08,850 Suze: higher interest rate. 259 00:20:09,520 --> 00:20:12,990 Suze: Those are the two things that you need to take 260 00:20:12,990 --> 00:20:14,460 Suze: into consideration 261 00:20:15,350 --> 00:20:20,810 Suze: when deciding on what maturity date do you want. 262 00:20:21,340 --> 00:20:25,450 Suze: These are the things that are important for you to 263 00:20:25,450 --> 00:20:30,160 Suze: really understand in Suze School? All right. 264 00:20:30,400 --> 00:20:34,889 Suze: Until Thursday, there's really only one thing that I want 265 00:20:34,890 --> 00:20:39,890 Suze: you to say every single day. Come on repeat it 266 00:20:39,900 --> 00:20:45,700 Suze: with me today. Wherever I go, I will create a 267 00:20:45,700 --> 00:20:52,350 Suze: more peaceful, joyful and loving world. And everybody, this world 268 00:20:52,359 --> 00:20:56,000 Suze: needs that to come true more than it's ever needed 269 00:20:56,000 --> 00:20:56,930 Suze: it before. 270 00:20:57,520 --> 00:21:00,600 Suze: So if you can just do that, 271 00:21:01,260 --> 00:21:06,840 Suze: I promise you you will be unstoppable.