1 00:00:41,200 --> 00:00:45,409 Suze: November 10th, 2024. Welcome everybody to the Women and Money 2 00:00:45,418 --> 00:00:50,880 Suze: podcast as well as everybody smart enough to listen, Suze O, 3 00:00:50,889 --> 00:00:55,849 Suze: here and today is, I don't know what today is. 4 00:00:55,990 --> 00:00:57,819 Suze: I don't know if it's gonna be a Suze school. 5 00:00:58,279 --> 00:01:00,939 Suze: Is it gonna be a Suze Story? Is it gonna 6 00:01:00,950 --> 00:01:04,360 Suze: be your story? I don't have a clue what's about 7 00:01:04,370 --> 00:01:07,319 Suze: to come out of my mouth right now. 8 00:01:08,500 --> 00:01:10,919 Suze: But let me just start by saying 9 00:01:11,730 --> 00:01:17,679 Suze: that in my entire life of the TV, everything... I 10 00:01:17,690 --> 00:01:22,160 Suze: have never gotten as many emails 11 00:01:23,050 --> 00:01:28,669 Suze: and text and post on the Women and Money podcast 12 00:01:28,680 --> 00:01:37,050 Suze: app with people so distraught, so upset, so afraid and 13 00:01:37,059 --> 00:01:41,589 Suze: so angry as I have this week 14 00:01:42,629 --> 00:01:43,169 Suze: and 15 00:01:43,930 --> 00:01:46,819 Suze: you have to trust me that I get it 16 00:01:47,430 --> 00:01:51,760 Suze: because obviously you all know that I wanted Kamala to 17 00:01:51,769 --> 00:01:55,589 Suze: win and of course I wanted Kamala to win. Look 18 00:01:55,599 --> 00:01:58,900 Suze: at my lifestyle, look at who I am. Of course 19 00:01:58,910 --> 00:02:01,690 Suze: I would want that. However, 20 00:02:02,400 --> 00:02:04,699 Suze: it is really, really important 21 00:02:05,459 --> 00:02:09,460 Suze: that all of us look at that even more than 22 00:02:09,470 --> 00:02:13,899 Suze: all of us who wanted Kamala to win. Even more 23 00:02:14,139 --> 00:02:20,440 Suze: of all of us truthfully wanted President Trump to win 24 00:02:20,570 --> 00:02:24,479 Suze: as well. And it is essential 25 00:02:25,270 --> 00:02:28,279 Suze: that we really take this time to stop 26 00:02:29,330 --> 00:02:32,830 Suze: and to think about why, 27 00:02:33,710 --> 00:02:38,709 Suze: why is there such a divide in this country? Why 28 00:02:38,720 --> 00:02:42,929 Suze: is there really such a divide now throughout the entire world? 29 00:02:43,520 --> 00:02:47,929 Suze: Because many countries now have gone exactly this way. 30 00:02:48,720 --> 00:02:54,100 Suze: And we all... both sides need to be really, really 31 00:02:54,110 --> 00:02:59,639 Suze: understanding of what's going on here and not be angry 32 00:02:59,649 --> 00:03:00,609 Suze: at one another. 33 00:03:01,288 --> 00:03:04,190 Suze: And in fact, we should be happy for those who 34 00:03:04,199 --> 00:03:08,229 Suze: wanted President Trump to win because they got what they wanted. 35 00:03:09,199 --> 00:03:11,728 Suze: And I only wish that they were happy 36 00:03:12,630 --> 00:03:16,829 Suze: that we at least were able to express our ability 37 00:03:16,839 --> 00:03:21,979 Suze: to vote and just be happy for themselves, but not 38 00:03:21,990 --> 00:03:24,970 Suze: be angry at us as well. 39 00:03:26,240 --> 00:03:30,380 Suze: But as you know, that's not quite what has happened 40 00:03:30,389 --> 00:03:35,699 Suze: out here. We're still totally going at one another 41 00:03:36,509 --> 00:03:41,210 Suze: and really everyone that has got to stop. 42 00:03:41,990 --> 00:03:45,690 Suze: How many times have I said to all of you 43 00:03:46,270 --> 00:03:51,289 Suze: and especially those of you who are so afraid you're 44 00:03:51,300 --> 00:03:55,199 Suze: gay out there. You're afraid that we're gonna lose our 45 00:03:55,210 --> 00:03:58,880 Suze: rights of being married and that's gonna be overturned. You're 46 00:03:58,889 --> 00:04:02,449 Suze: so afraid of everything, everybody 47 00:04:02,809 --> 00:04:05,419 Suze: that you've gone into a shell, you think you need 48 00:04:05,429 --> 00:04:09,470 Suze: to take all your money out of FDIC insured deposits, 49 00:04:09,520 --> 00:04:11,770 Suze: you should come out of the stock market. You need 50 00:04:11,779 --> 00:04:14,270 Suze: to change everything in your life. What country should you 51 00:04:14,279 --> 00:04:16,909 Suze: go and live at? Stop it, 52 00:04:17,829 --> 00:04:18,829 Suze: stop it. 53 00:04:20,019 --> 00:04:23,470 Suze: The future will unveil itself to us. 54 00:04:24,160 --> 00:04:29,500 Suze: But what you have to do is live in the present. 55 00:04:30,029 --> 00:04:34,109 Suze: Live in what is happening at this very moment in 56 00:04:34,119 --> 00:04:37,670 Suze: time and again, back to what I was about to say, 57 00:04:37,709 --> 00:04:42,250 Suze: how many times have I said to you that fear, 58 00:04:42,260 --> 00:04:47,660 Suze: shame and anger are the three internal obstacles to wealth. 59 00:04:48,140 --> 00:04:51,238 Suze: And you know, when I say wealth, that the definition 60 00:04:51,250 --> 00:04:56,130 Suze: of wealth is that which can never diminish, that can 61 00:04:56,140 --> 00:05:01,328 Suze: never be taken from you. So, true inner wealth, because 62 00:05:01,339 --> 00:05:04,039 Suze: have you seen over the years 63 00:05:05,079 --> 00:05:09,729 Suze: that money can come and money can go? Look back 64 00:05:09,738 --> 00:05:14,339 Suze: at 2007 and many of you felt so wealthy because 65 00:05:14,350 --> 00:05:17,700 Suze: of the balance in your 401k plans and the value 66 00:05:17,709 --> 00:05:21,299 Suze: of your real estate and all of a sudden that 67 00:05:21,309 --> 00:05:22,428 Suze: all went, 68 00:05:23,200 --> 00:05:25,850 Suze: but it only went for a period of time 69 00:05:26,600 --> 00:05:29,790 Suze: because then real estate popped back. Look at the stock 70 00:05:29,799 --> 00:05:33,739 Suze: market today, all of that came back. 71 00:05:34,760 --> 00:05:40,190 Suze: Look at people whose entire lives were invested in one home, 72 00:05:40,200 --> 00:05:43,859 Suze: maybe in North Carolina or wherever it may be or 73 00:05:43,869 --> 00:05:46,820 Suze: even currently in California. 74 00:05:47,910 --> 00:05:52,440 Suze: And whether it's a tornado, whether it's a hurricane, whether 75 00:05:52,450 --> 00:05:55,269 Suze: it is a flood, whether it is a fire that 76 00:05:55,279 --> 00:05:56,809 Suze: is all gone now 77 00:05:58,019 --> 00:06:00,190 Suze: and they will rebuild. Somehow. 78 00:06:01,100 --> 00:06:05,760 Suze: I watched it in the Oakland Hills when 3000 homes 79 00:06:05,769 --> 00:06:06,799 Suze: were destroyed. 80 00:06:07,730 --> 00:06:10,429 Suze: And I would drive through my neighborhood 81 00:06:11,260 --> 00:06:13,600 Suze: and it was all just a bunch of ashes and 82 00:06:13,609 --> 00:06:16,988 Suze: burnt out cars and there wasn't anything to be seen 83 00:06:17,000 --> 00:06:19,079 Suze: but chimney still standing. 84 00:06:19,769 --> 00:06:23,190 Suze: And today, if you drive through all of that, 85 00:06:24,130 --> 00:06:28,469 Suze: they're all homes again, rebuilt lives going on 86 00:06:29,119 --> 00:06:35,160 Suze: and things continuing. So money can always come and always go. 87 00:06:35,170 --> 00:06:40,850 Suze: But true wealth, true wealth is that which can never diminish. 88 00:06:41,850 --> 00:06:46,829 Suze: How do you create true wealth and true wealth really 89 00:06:46,839 --> 00:06:52,429 Suze: is created by knowing your own thoughts, having the courage 90 00:06:52,440 --> 00:06:56,070 Suze: to stand in your truth, no matter what anybody else 91 00:06:56,079 --> 00:06:57,350 Suze: thinks about you, 92 00:06:58,209 --> 00:07:04,230 Suze: to know that your intentions are good for everybody that 93 00:07:04,238 --> 00:07:06,029 Suze: you have integrity, 94 00:07:07,329 --> 00:07:10,450 Suze: that you really are somebody who when you look in 95 00:07:10,459 --> 00:07:13,709 Suze: the mirror, you like, I'm not talking about your physical 96 00:07:13,720 --> 00:07:18,760 Suze: being but you like what you see looking back at you, 97 00:07:19,059 --> 00:07:23,890 Suze: you like your internal being, you like your heart, you 98 00:07:23,899 --> 00:07:29,049 Suze: like your mind, you like everything about yourself. 99 00:07:29,839 --> 00:07:34,040 Suze: And when you like everything about yourself, truly like everything 100 00:07:34,049 --> 00:07:37,250 Suze: because you've looked inside and you're willing to look at 101 00:07:37,260 --> 00:07:40,500 Suze: what's good, what's bad, what needs to change and you've 102 00:07:40,510 --> 00:07:42,739 Suze: taken the time to do so 103 00:07:44,760 --> 00:07:49,179 Suze: now really, you are a wealthy person and it is 104 00:07:49,190 --> 00:07:54,529 Suze: from that foundation, that foundation of wealth, which is the 105 00:07:54,540 --> 00:07:58,109 Suze: foundation of strength. It is a foundation of courage, it 106 00:07:58,149 --> 00:08:04,380 Suze: is foundation of integrity. It's a foundation of caring for everybody, 107 00:08:04,390 --> 00:08:08,859 Suze: regardless of what they think or who they voted for. 108 00:08:10,290 --> 00:08:15,029 Suze: It's an open heart. It's wishing everybody well, 109 00:08:16,630 --> 00:08:22,690 Suze: even if they believe different than you then from that foundation, 110 00:08:23,109 --> 00:08:25,269 Suze: from that strength, 111 00:08:27,420 --> 00:08:30,880 Suze: anything and everything is possible 112 00:08:32,020 --> 00:08:37,640 Suze: over the years, administrations have come, they have gone, but 113 00:08:37,650 --> 00:08:40,718 Suze: life has continued to go on 114 00:08:41,590 --> 00:08:47,330 Suze: and your responsibility in all of this really is. How 115 00:08:47,340 --> 00:08:51,080 Suze: do you not prepare yourself for what's gonna happen in 116 00:08:51,090 --> 00:08:54,520 Suze: the administration and what Trump is going to do? Because 117 00:08:54,530 --> 00:08:56,939 Suze: who knows what President Trump is going to do and 118 00:08:56,950 --> 00:09:00,770 Suze: not going to do? But that's now in the future, 119 00:09:01,780 --> 00:09:05,869 Suze: you have to do what it takes today to still 120 00:09:05,880 --> 00:09:08,179 Suze: deal with the same problems, 121 00:09:08,530 --> 00:09:13,098 Suze: which is what are you doing on your path to 122 00:09:13,109 --> 00:09:17,000 Suze: financial independence? What are you doing to get to know 123 00:09:17,010 --> 00:09:20,250 Suze: where you should be investing what you should be doing 124 00:09:20,440 --> 00:09:26,429 Suze: and how you actually financially empower yourself to take actions 125 00:09:26,440 --> 00:09:29,689 Suze: and be able to do anything you wanna do. If 126 00:09:29,700 --> 00:09:32,549 Suze: you feel like you need to do it, 127 00:09:33,710 --> 00:09:40,130 Suze: that is still what is seriously important, everybody. So don't 128 00:09:40,140 --> 00:09:44,880 Suze: go freezing and thinking, oh, you've got to change everything. 129 00:09:44,940 --> 00:09:48,830 Suze: You need to stay grounded in what's happening right now 130 00:09:49,260 --> 00:09:51,809 Suze: with yourself, your family 131 00:09:52,979 --> 00:09:57,679 Suze: and your money, the future will unveil itself to all 132 00:09:57,690 --> 00:10:00,320 Suze: of us and then we'll deal with that little by 133 00:10:00,330 --> 00:10:04,439 Suze: little as it happens. But you cannot live in fear 134 00:10:04,450 --> 00:10:06,640 Suze: of what is going to happen. 135 00:10:07,570 --> 00:10:11,229 Suze: You have to look at what you have not at 136 00:10:11,239 --> 00:10:14,159 Suze: what you had. Major law of money - I've told you 137 00:10:14,169 --> 00:10:19,260 Suze: this over and over again. And right now, financially speaking, 138 00:10:19,400 --> 00:10:22,760 Suze: when you look at things, or at least when I 139 00:10:22,770 --> 00:10:28,659 Suze: look at things, the stock market has never been as high, 140 00:10:29,599 --> 00:10:34,869 Suze: in my opinion, there has never been so many serious 141 00:10:34,880 --> 00:10:41,349 Suze: opportunities to create financial wealth for you and your family. 142 00:10:42,500 --> 00:10:46,520 Suze: There has never been a time really that if you 143 00:10:46,530 --> 00:10:50,799 Suze: just got involved with your money, knew what to do with, 144 00:10:50,809 --> 00:10:57,200 Suze: it wasn't afraid of it. Understood dollar cost averaging understood 145 00:10:57,210 --> 00:11:02,280 Suze: why being invested is so much better than just standing 146 00:11:02,289 --> 00:11:07,669 Suze: on the sidelines right now. Understanding what's happening with interest rates. 147 00:11:07,809 --> 00:11:10,840 Suze: If you could just focus on all that, 148 00:11:11,349 --> 00:11:15,489 Suze: then at least you can empower your own life 149 00:11:16,219 --> 00:11:20,409 Suze: and have the resources to make changes if you need 150 00:11:20,419 --> 00:11:21,989 Suze: to do so. 151 00:11:22,700 --> 00:11:27,159 Suze: And those changes aren't about just being political. Those changes 152 00:11:27,169 --> 00:11:30,799 Suze: can also come if an accident happens, if you happen 153 00:11:30,809 --> 00:11:34,869 Suze: to get ill, something happens with your homes, who knows? 154 00:11:35,520 --> 00:11:38,968 Suze: But those are the things that I want you to 155 00:11:38,979 --> 00:11:40,460 Suze: be grounded in 156 00:11:41,630 --> 00:11:45,988 Suze: to be grounded in the truth of what's probable 157 00:11:46,830 --> 00:11:52,849 Suze: versus the fear of what most likely is improbable. But 158 00:11:52,859 --> 00:11:58,440 Suze: time will tell. So therefore, here's what I want you 159 00:11:58,450 --> 00:12:03,089 Suze: to truthfully understand as well. Last week, 160 00:12:03,919 --> 00:12:08,359 Suze: the Feds lowered the Fed Funds Rate and now more 161 00:12:08,369 --> 00:12:12,020 Suze: than ever as you're looking at inflation, at least according 162 00:12:12,030 --> 00:12:14,809 Suze: to them, even though it may not seem that way 163 00:12:14,820 --> 00:12:18,340 Suze: in your own pockets, which is why there is so 164 00:12:18,349 --> 00:12:22,400 Suze: much discourse in the United States. But at least according 165 00:12:22,409 --> 00:12:27,939 Suze: to the feds, inflation is starting to come down 166 00:12:28,619 --> 00:12:33,140 Suze: and the Fed funds rate is getting to be more 167 00:12:33,150 --> 00:12:39,590 Suze: in line with what the two year Treasury note is yielding. 168 00:12:40,239 --> 00:12:44,238 Suze: And if you start to look at the yields of 169 00:12:44,250 --> 00:12:48,719 Suze: treasuries from the twos to the tens and all the 170 00:12:48,729 --> 00:12:52,159 Suze: way up, we are no longer in a situation 171 00:12:52,710 --> 00:12:57,569 Suze: where the yields on treasuries are inverted. What do I 172 00:12:57,580 --> 00:13:03,789 Suze: mean by that for a long time, shorter term maturities 173 00:13:03,799 --> 00:13:09,619 Suze: were paying you higher than longer term maturities. And in 174 00:13:09,630 --> 00:13:12,650 Suze: a normal yield environment, 175 00:13:13,299 --> 00:13:17,640 Suze: the longer out a maturity of a treasury for instance, 176 00:13:17,650 --> 00:13:18,719 Suze: or any bomb, 177 00:13:19,599 --> 00:13:22,299 Suze: the more money they are willing to pay you in 178 00:13:22,309 --> 00:13:25,200 Suze: terms of an interest rate because you're locking up your 179 00:13:25,210 --> 00:13:29,969 Suze: money for a longer period of time. So usually a 180 00:13:29,979 --> 00:13:33,479 Suze: one year treasury pays you more than a six month, 181 00:13:33,630 --> 00:13:36,270 Suze: a two year pays you more than a one year, 182 00:13:36,280 --> 00:13:39,108 Suze: a five year pays you more than a two year, 183 00:13:39,119 --> 00:13:41,969 Suze: 10 year pays you more than a five year 20 184 00:13:41,979 --> 00:13:44,569 Suze: more than a. Do you understand what I'm saying? That's 185 00:13:44,580 --> 00:13:48,650 Suze: a normal yield rate curve 186 00:13:49,130 --> 00:13:53,439 Suze: where it goes up, the longer you're out on the 187 00:13:53,450 --> 00:13:57,650 Suze: curve in terms of maturities. But for so many years, 188 00:13:57,659 --> 00:14:02,098 Suze: it was totally inverted. You got more of an interest 189 00:14:02,109 --> 00:14:06,789 Suze: rate going short term than you did long term. And 190 00:14:06,799 --> 00:14:09,469 Suze: it has been the myth because it seems like it's 191 00:14:09,479 --> 00:14:14,640 Suze: a myth now that when there is an inverted rate curve, 192 00:14:14,650 --> 00:14:16,669 Suze: which it has been for like a year or two, 193 00:14:16,679 --> 00:14:17,299 Suze: now 194 00:14:17,950 --> 00:14:22,830 Suze: that a recession is imminent, it is going to happen. 195 00:14:22,989 --> 00:14:26,690 Suze: And that's what was scaring everybody. Well, guess what, everybody, 196 00:14:27,369 --> 00:14:32,960 Suze: we now have really a flat yield curve. It's essentially 197 00:14:32,969 --> 00:14:38,330 Suze: flat across the board. It's no longer inverted. It also 198 00:14:38,340 --> 00:14:42,900 Suze: looks like Jerome Powell, the Fed chair really somehow has 199 00:14:42,909 --> 00:14:48,750 Suze: managed a soft landing for everybody in the United States. 200 00:14:48,840 --> 00:14:50,349 Suze: No recession, 201 00:14:51,179 --> 00:14:54,940 Suze: at least at this point. And if you look at 202 00:14:54,950 --> 00:14:58,109 Suze: the result of what the stock market did last week, 203 00:14:58,119 --> 00:15:03,710 Suze: especially after the election, the stock market, which is made 204 00:15:03,719 --> 00:15:08,929 Suze: up of people investing in the stock market. They loved it. 205 00:15:09,039 --> 00:15:13,190 Suze: The market went higher and faster and with more energy 206 00:15:13,200 --> 00:15:16,590 Suze: than really, I've seen it in. I can't even remember 207 00:15:16,599 --> 00:15:17,109 Suze: when 208 00:15:18,169 --> 00:15:22,270 Suze: and true fortunes I have to tell you were made 209 00:15:22,280 --> 00:15:26,400 Suze: last week. Now with that said, you may look at 210 00:15:26,409 --> 00:15:28,830 Suze: certain things and you may think, oh, I missed out 211 00:15:28,840 --> 00:15:33,309 Suze: on it and everything when something goes as fast as 212 00:15:33,320 --> 00:15:37,409 Suze: it just went up this last week. Chances are, it 213 00:15:37,419 --> 00:15:40,859 Suze: may pull back a little bit next week or so, 214 00:15:41,349 --> 00:15:46,330 Suze: but on no level, have you missed what's happening in 215 00:15:46,340 --> 00:15:51,630 Suze: the equity arena? And equity means stocks. You heard me 216 00:15:51,640 --> 00:15:54,530 Suze: say just a little bit ago that there are more 217 00:15:54,539 --> 00:15:57,650 Suze: opportunities out there than ever before. 218 00:15:58,219 --> 00:16:03,599 Suze: And we really do have with artificial intelligence and a 219 00:16:03,609 --> 00:16:08,349 Suze: lot of the things governing artificial intelligence and how it works. 220 00:16:08,559 --> 00:16:15,479 Suze: We have serious opportunities financially speaking when it comes to investing. 221 00:16:15,780 --> 00:16:19,599 Suze: And I can say I haven't seen opportunities like this 222 00:16:19,929 --> 00:16:22,960 Suze: in a long, long time. 223 00:16:23,630 --> 00:16:28,169 Suze: So rather than being depressed that everything's gonna crash, everything's 224 00:16:28,179 --> 00:16:31,580 Suze: gonna go down, you need to be in it to 225 00:16:31,590 --> 00:16:35,229 Suze: win it. You do. So this is not the time 226 00:16:35,239 --> 00:16:37,809 Suze: to be selling out of the stock market. This is 227 00:16:37,820 --> 00:16:41,869 Suze: not the time to be turning your back on equities. 228 00:16:42,059 --> 00:16:44,890 Suze: This is the time to be dollar cost averaging, 229 00:16:45,840 --> 00:16:51,179 Suze: understanding when to go into certain areas of this market. 230 00:16:51,799 --> 00:16:54,190 Suze: And if you don't have a clue what to do. 231 00:16:54,200 --> 00:16:57,460 Suze: All right, you can do index funds, no problem. 232 00:16:58,580 --> 00:17:02,859 Suze: But it's important that you don't turn your back on 233 00:17:02,869 --> 00:17:08,160 Suze: that back to interest rates. Now, what is fascinating about 234 00:17:08,170 --> 00:17:13,649 Suze: interest rates is that as the Fed funds lowered their 235 00:17:13,660 --> 00:17:14,719 Suze: interest rate 236 00:17:15,239 --> 00:17:18,540 Suze: that whole week, not only was the stock market really 237 00:17:18,550 --> 00:17:23,520 Suze: going up, but interest rates on treasuries were going up 238 00:17:23,530 --> 00:17:29,719 Suze: as well. They jumped so high. I can't even believe it. 239 00:17:30,119 --> 00:17:34,239 Suze: So it is important to then realize. All right, if 240 00:17:34,250 --> 00:17:35,540 Suze: we are in 241 00:17:36,239 --> 00:17:41,089 Suze: a flat yield rate, curve, interest rates seem like they 242 00:17:41,099 --> 00:17:44,130 Suze: might be going back up again, 243 00:17:45,489 --> 00:17:50,339 Suze: then what do we do. Does Suzie have a change 244 00:17:50,349 --> 00:17:53,750 Suze: in terms of where to invest and what to invest 245 00:17:53,760 --> 00:17:54,109 Suze: in 246 00:17:54,439 --> 00:17:57,660 Suze: when it comes to interest rates? And I have to 247 00:17:57,670 --> 00:18:02,260 Suze: tell you, I do, but I did a little bit 248 00:18:02,270 --> 00:18:06,760 Suze: ago if you remember this a little bit ago, I 249 00:18:06,770 --> 00:18:10,180 Suze: was saying to all of you, I really think that 250 00:18:10,189 --> 00:18:16,540 Suze: we should probably be going towards shorter term maturities, three years, 251 00:18:16,550 --> 00:18:20,359 Suze: five years, maybe seven years. But right in their short 252 00:18:20,369 --> 00:18:23,699 Suze: term rather than out long term. 253 00:18:24,280 --> 00:18:26,699 Suze: And the reason is, and I said you could bite 254 00:18:26,709 --> 00:18:28,640 Suze: a little bit on long term if you want because 255 00:18:28,650 --> 00:18:30,780 Suze: you never know what's going to happen in this world. 256 00:18:30,920 --> 00:18:33,770 Suze: So you have a little bit of diversification there when 257 00:18:33,780 --> 00:18:38,290 Suze: it comes to maturities. But what is interesting 258 00:18:38,969 --> 00:18:44,170 Suze: is that this is what you have to remember, Treasuries 259 00:18:45,010 --> 00:18:49,869 Suze: are instruments where you buy from the United States government 260 00:18:50,449 --> 00:18:54,150 Suze: bonds or notes or bills that they're offering and they 261 00:18:54,160 --> 00:18:58,300 Suze: use that money truthfully to cover our deficits and other 262 00:18:58,310 --> 00:19:01,188 Suze: things to pay for our lack of money when we 263 00:19:01,199 --> 00:19:04,189 Suze: don't have enough money for budgets and things like that. 264 00:19:04,829 --> 00:19:07,909 Suze: But they are paying all of you 265 00:19:08,770 --> 00:19:15,560 Suze: in interest on those bonds, bills and notes. But here's 266 00:19:15,569 --> 00:19:19,349 Suze: what I want you to really understand about the interest 267 00:19:19,359 --> 00:19:24,109 Suze: on treasuries and why interest rates may be going up 268 00:19:24,119 --> 00:19:25,069 Suze: in the future. 269 00:19:26,410 --> 00:19:32,880 Suze: Three years ago. Everybody who bought treasuries, right? The government 270 00:19:32,890 --> 00:19:40,239 Suze: paid all of us because that includes me $300 billion... 271 00:19:40,250 --> 00:19:45,349 Suze: 300 billion dollars in interest. 272 00:19:46,189 --> 00:19:47,089 Suze: Today, 273 00:19:47,890 --> 00:19:58,949 Suze: the government is paying us $1.3 trillion in interest. That 274 00:19:58,959 --> 00:20:04,250 Suze: is a whole lot of money. If you think about it, 275 00:20:04,560 --> 00:20:08,140 Suze: put that in the picture of that, we have a 276 00:20:08,150 --> 00:20:11,010 Suze: $2 trillion deficit 277 00:20:11,739 --> 00:20:13,800 Suze: along with the fact that 278 00:20:14,609 --> 00:20:21,390 Suze: eventually many of these treasuries will come due 279 00:20:22,209 --> 00:20:25,719 Suze: and many of these treasuries were purchased a few years 280 00:20:25,729 --> 00:20:32,290 Suze: ago when the interest on treasuries was relatively nil. Those treasuries, 281 00:20:32,300 --> 00:20:37,859 Suze: some of them are coming due. And when they come due, 282 00:20:37,869 --> 00:20:41,349 Suze: chances are the people who own them are going to 283 00:20:41,359 --> 00:20:45,810 Suze: just re-up for another maturity. But the interest rate then 284 00:20:45,819 --> 00:20:50,659 Suze: the government will owe is going to go up as well. 285 00:20:51,150 --> 00:20:56,010 Suze: So we're getting ourselves into a situation where the government 286 00:20:56,020 --> 00:21:00,930 Suze: is having to pay more and more interest on the treasuries. 287 00:21:01,829 --> 00:21:06,010 Suze: So it is possible that people will be demanding more 288 00:21:06,020 --> 00:21:10,780 Suze: of a yield if they're going to go into treasuries 289 00:21:10,790 --> 00:21:15,349 Suze: in the future. So that is why it is very 290 00:21:15,359 --> 00:21:20,199 Suze: possible that a few years from now, we may see, 291 00:21:20,209 --> 00:21:26,020 Suze: believe it or not interest rates on treasuries going back 292 00:21:26,030 --> 00:21:31,159 Suze: up again. That's 0.1 when it comes to interest rates. 293 00:21:31,530 --> 00:21:36,569 Suze: Second point I wanna make now is about real estate 294 00:21:36,579 --> 00:21:38,188 Suze: and mortgages. 295 00:21:39,069 --> 00:21:40,359 Suze: You would think 296 00:21:41,310 --> 00:21:44,449 Suze: that with the feds lowering interest rates on the fed 297 00:21:44,459 --> 00:21:47,930 Suze: funds rate and in fact, they'll probably lower it by 298 00:21:47,939 --> 00:21:51,969 Suze: another quarter of a percent come the December 18th meeting 299 00:21:52,150 --> 00:21:56,449 Suze: and possibly next year as well that interest rates on 300 00:21:56,459 --> 00:21:59,050 Suze: mortgages would be going down. 301 00:21:59,439 --> 00:22:02,479 Suze: And as again, as I have taught you many, many times, 302 00:22:02,489 --> 00:22:07,079 Suze: that's not how it works. When the feds lower interest rates, 303 00:22:07,310 --> 00:22:11,530 Suze: the people that benefit are those with credit card debt 304 00:22:11,540 --> 00:22:14,380 Suze: because interest rates on credit card debts and things like 305 00:22:14,390 --> 00:22:18,339 Suze: that tend to go down. The people that get hurt 306 00:22:18,349 --> 00:22:23,119 Suze: usually are people who are saving money and they're in 307 00:22:23,410 --> 00:22:27,109 Suze: savings accounts and things like that and interest rates stay 308 00:22:27,119 --> 00:22:27,659 Suze: down 309 00:22:28,209 --> 00:22:31,319 Suze: what it doesn't affect at all. 310 00:22:32,369 --> 00:22:37,739 Suze: Our interest rates on mortgages, mortgage interest rate is usually 311 00:22:37,750 --> 00:22:43,369 Suze: determined by the 10 year Treasury note kind of stays 312 00:22:43,380 --> 00:22:45,599 Suze: in sync with that. And 313 00:22:45,839 --> 00:22:49,420 Suze: if you look at the 10 year Treasury Note right now, 314 00:22:49,469 --> 00:22:55,380 Suze: it went up considerably last week, which is why over 315 00:22:55,390 --> 00:22:59,020 Suze: the last week or so, you have seen 30 year 316 00:22:59,030 --> 00:23:04,260 Suze: mortgages go back up into the 7% area. 317 00:23:05,420 --> 00:23:10,589 Suze: So here we are now again, with interest rates going up, 318 00:23:10,890 --> 00:23:15,760 Suze: stock market going up real estate still appreciating in value, 319 00:23:15,810 --> 00:23:21,479 Suze: but the mortgage interest rate going up as well, which 320 00:23:21,489 --> 00:23:25,880 Suze: then makes it even more difficult for people to buy homes. 321 00:23:26,489 --> 00:23:31,160 Suze: And it also makes it possible depending on what happens 322 00:23:31,170 --> 00:23:36,550 Suze: here that inflation could possibly come back as well. Since 323 00:23:36,560 --> 00:23:41,389 Suze: home prices rent and all of that plays into the picture. 324 00:23:42,520 --> 00:23:46,410 Suze: So those are things that you just need to understand 325 00:23:46,420 --> 00:23:52,219 Suze: how they work. Let's talk briefly about Bitcoin 326 00:23:52,729 --> 00:23:55,948 Suze: because, you know, in the past, I have said to 327 00:23:55,959 --> 00:23:59,209 Suze: all of you that if you have money to lose 328 00:23:59,219 --> 00:24:04,310 Suze: and you have the ability to invest in IBIT Ibit, 329 00:24:04,319 --> 00:24:08,270 Suze: which is the ETF for Bitcoin, the one that I like, 330 00:24:08,410 --> 00:24:11,670 Suze: the one that I own, by the way, I own 331 00:24:11,680 --> 00:24:13,489 Suze: a lot of it. 332 00:24:14,109 --> 00:24:18,329 Suze: If you wanna try it out, you can, this week, 333 00:24:18,339 --> 00:24:26,729 Suze: Bitcoin has absolutely skyrocketed. It's at about $76,000 a Bitcoin. 334 00:24:26,989 --> 00:24:31,089 Suze: And I bet the actual ETF that we talked about 335 00:24:31,119 --> 00:24:37,469 Suze: is at about $43.69. It's up a lot just so, 336 00:24:37,479 --> 00:24:39,089 Suze: you know, now, 337 00:24:39,609 --> 00:24:42,229 Suze: for those of you, what do I think about the 338 00:24:42,239 --> 00:24:45,889 Suze: future of Bitcoin? I think it could pull back in everything, 339 00:24:45,900 --> 00:24:48,699 Suze: but I also think it could very easily depending what 340 00:24:48,709 --> 00:24:51,469 Suze: happens in the next week or two. If it breaks 341 00:24:51,479 --> 00:24:54,260 Suze: certain levels, it could go up to 80 some odd 342 00:24:54,270 --> 00:24:59,859 Suze: 1000 without any hesitation whatsoever. But only time will tell. 343 00:24:59,920 --> 00:25:03,430 Suze: Do I still think that IBIT is something you could 344 00:25:03,439 --> 00:25:06,310 Suze: very slowly dollar cost average into? 345 00:25:07,010 --> 00:25:09,300 Suze: I do. But you might want to wait just to 346 00:25:09,310 --> 00:25:15,709 Suze: see if it pulls back just a little. Oil, oil 347 00:25:15,719 --> 00:25:21,189 Suze: wt I crude is hanging out at around $70 a barrel, 348 00:25:21,579 --> 00:25:26,879 Suze: which is ok. Will it go up? Depends, chances are, 349 00:25:26,890 --> 00:25:29,959 Suze: if it just holds right here, inflation will also kind 350 00:25:29,969 --> 00:25:32,669 Suze: of hold right here as well. If not go down 351 00:25:33,219 --> 00:25:37,760 Suze: but it's not really helping a few of the stocks, 352 00:25:37,770 --> 00:25:43,800 Suze: especially Devon, symbol DVM, that I have been in favor 353 00:25:43,810 --> 00:25:47,839 Suze: of for all this time, as I've said in the past, 354 00:25:47,969 --> 00:25:50,560 Suze: if you have a loss and you want to take it, 355 00:25:50,569 --> 00:25:53,380 Suze: I don't have a problem with that. But here we 356 00:25:53,390 --> 00:25:56,770 Suze: are at the end of the year, almost, believe it 357 00:25:56,780 --> 00:25:57,439 Suze: or not, 358 00:25:58,170 --> 00:26:02,629 Suze: there's a smart strategy of money that's invested in stocks 359 00:26:02,640 --> 00:26:06,510 Suze: that you have a loss in outside of a retirement 360 00:26:06,520 --> 00:26:07,229 Suze: account 361 00:26:08,180 --> 00:26:12,239 Suze: that you could very easily sell that right now. Take 362 00:26:12,250 --> 00:26:17,400 Suze: the loss off your taxes and put it into something else. 363 00:26:17,530 --> 00:26:22,170 Suze: Just that simple. However, where do you put it? One 364 00:26:22,180 --> 00:26:24,920 Suze: of the suggestions that I have and I still like 365 00:26:24,930 --> 00:26:30,150 Suze: it a lot is Pfizer. Pfizer is at about $28 366 00:26:30,160 --> 00:26:35,119 Suze: a share right now paying a dividend in the 6% area. 367 00:26:36,069 --> 00:26:40,369 Suze: And I think that's an interesting alternative, especially to Devon. 368 00:26:40,540 --> 00:26:44,329 Suze: As many of you also. Probably remember a little bit ago, 369 00:26:44,579 --> 00:26:47,400 Suze: I also told you all that I really liked a 370 00:26:47,410 --> 00:26:52,819 Suze: dividend paying stock by the name of Whirlpool. Whirlpool is 371 00:26:52,829 --> 00:26:58,250 Suze: about $110 a share right now right around there. Not bad, 372 00:26:58,670 --> 00:27:03,219 Suze: but it does pay a dividend yield of about 6.33 373 00:27:03,229 --> 00:27:04,209 Suze: per cent. 374 00:27:05,160 --> 00:27:09,389 Suze: So that's just something that you might want to think about. 375 00:27:09,800 --> 00:27:13,219 Suze: I know a lot of you who are looking for income, 376 00:27:13,670 --> 00:27:17,930 Suze: you're looking for interest that's safe and sound and a 377 00:27:17,939 --> 00:27:20,420 Suze: lot of you are being told that maybe you should 378 00:27:20,430 --> 00:27:24,958 Suze: be doing corporate bonds, things like that or agency bonds. 379 00:27:25,030 --> 00:27:27,660 Suze: I still will believe that there's more money to be 380 00:27:27,670 --> 00:27:28,260 Suze: made 381 00:27:28,819 --> 00:27:32,569 Suze: if you want by going into high yielding dividend, paying 382 00:27:32,579 --> 00:27:36,569 Suze: stocks that have enough cash to pay dividends and are 383 00:27:36,579 --> 00:27:42,280 Suze: solid and possibly in good quality stocks give you growth 384 00:27:42,290 --> 00:27:45,410 Suze: as well. One of the stocks that we recommended a 385 00:27:45,420 --> 00:27:49,439 Suze: long time ago. And maybe you all remember this. In fact, 386 00:27:49,449 --> 00:27:52,280 Suze: two of the stocks that we did, one was by 387 00:27:52,290 --> 00:27:56,050 Suze: the name of Care Trust CRTE. 388 00:27:56,550 --> 00:28:00,969 Suze: And right now it's about $30 a share. Now, it 389 00:28:00,979 --> 00:28:05,810 Suze: only pays a 3.75% dividend. But when we really did 390 00:28:05,819 --> 00:28:09,750 Suze: start to recommend it was all the way back over 391 00:28:09,760 --> 00:28:12,089 Suze: a year ago or so or even more 392 00:28:12,194 --> 00:28:15,574 Suze: when it was about $20 a share paying you a 393 00:28:15,584 --> 00:28:19,535 Suze: good dividend. And now you've gotten growth on it besides 394 00:28:19,545 --> 00:28:24,334 Suze: the dividend. Another one symbol was, O, do you remember this? 395 00:28:24,354 --> 00:28:30,875 Suze: Currently pays a 5.5% dividend, but at $57.51 a share, 396 00:28:30,885 --> 00:28:33,885 Suze: which is what it's at. But when we first started 397 00:28:33,895 --> 00:28:35,295 Suze: talking about it, 398 00:28:35,609 --> 00:28:39,729 Suze: you know, really almost two years ago and all it 399 00:28:39,739 --> 00:28:42,979 Suze: was down at about 40 some odd dollars a share 400 00:28:42,989 --> 00:28:47,369 Suze: right in there. So the dividend yield was actually higher 401 00:28:47,380 --> 00:28:50,750 Suze: at that price. So you got growth as well as 402 00:28:50,760 --> 00:28:51,910 Suze: good income 403 00:28:52,219 --> 00:28:56,520 Suze: so just don't go throwing out the ability to make 404 00:28:56,530 --> 00:29:02,079 Suze: money and have income by just going into corporate bonds 405 00:29:02,089 --> 00:29:05,599 Suze: or agency bonds or things like that. 406 00:29:06,310 --> 00:29:08,869 Suze: Gold, I have told you that I liked and I 407 00:29:08,880 --> 00:29:12,729 Suze: still do like it. It's been doing quite well. The 408 00:29:12,739 --> 00:29:15,780 Suze: stock that I liked the most was a stock with 409 00:29:15,790 --> 00:29:20,609 Suze: the symbol of GOLD. It was called Barrick. We bought 410 00:29:20,619 --> 00:29:23,510 Suze: it at about $18 a share. It's right now at 411 00:29:23,520 --> 00:29:28,849 Suze: 1840 it pays a 2.17% dividend. It was as high 412 00:29:28,859 --> 00:29:30,369 Suze: as 2135. 413 00:29:30,709 --> 00:29:33,569 Suze: But to have a little growth, a little gold and 414 00:29:33,579 --> 00:29:37,530 Suze: be paid two percent in the meantime. Not bad. 415 00:29:38,579 --> 00:29:39,260 Suze: So 416 00:29:40,329 --> 00:29:43,239 Suze: those are just some of the things now as I 417 00:29:43,250 --> 00:29:47,790 Suze: look at all of those things except for mortgage rates. Obviously, 418 00:29:48,949 --> 00:29:52,729 Suze: I don't see one negative thing out there 419 00:29:53,619 --> 00:29:55,579 Suze: in terms of money. 420 00:29:56,489 --> 00:29:58,069 Suze: Gold is doing pretty good. 421 00:29:59,439 --> 00:30:05,140 Suze: Bitcoin is doing great. The stock market is really doing great. 422 00:30:05,550 --> 00:30:08,449 Suze: Interest rates are high enough that if you wanted to 423 00:30:08,459 --> 00:30:11,770 Suze: in treasuries and things do that. You could also, if 424 00:30:11,780 --> 00:30:15,260 Suze: you don't like treasuries and you just want good certificates 425 00:30:15,270 --> 00:30:18,680 Suze: of deposit, you just want to be easy. Alliant Credit 426 00:30:18,689 --> 00:30:23,699 Suze: Union at my alliant.com, their rates are also pretty good. 427 00:30:24,359 --> 00:30:29,510 Suze: So there are possibilities for all of you out there 428 00:30:29,520 --> 00:30:33,390 Suze: when it comes to making your money grow, all of 429 00:30:33,400 --> 00:30:37,650 Suze: those things are positive right now. And I have to 430 00:30:37,660 --> 00:30:40,579 Suze: tell you, I think they are going to stay positive 431 00:30:40,589 --> 00:30:44,020 Suze: for a little bit here. I don't know when, 432 00:30:44,829 --> 00:30:49,290 Suze: but for a while anyway. And even if they don't, 433 00:30:50,099 --> 00:30:53,550 Suze: and they start to go down with dollar cost averaging, 434 00:30:53,969 --> 00:30:58,680 Suze: you should still be in it to win it. So 435 00:30:58,829 --> 00:31:04,089 Suze: that's the podcast for today. I just want to end 436 00:31:04,099 --> 00:31:07,979 Suze: with something that I found a little bit interesting is 437 00:31:07,989 --> 00:31:09,310 Suze: that recently 438 00:31:10,010 --> 00:31:14,150 Suze: a survey was done and people went out and they 439 00:31:14,160 --> 00:31:20,020 Suze: were asked questions, what are the five regrets? Most people 440 00:31:20,089 --> 00:31:24,219 Suze: often say they have when it comes to life. So 441 00:31:24,229 --> 00:31:27,829 Suze: here they are. I didn't spend enough time with the 442 00:31:27,839 --> 00:31:29,030 Suze: people I love. 443 00:31:29,890 --> 00:31:33,660 Suze: I worked too much and missed out on life. 444 00:31:34,390 --> 00:31:40,449 Suze: I let fear control my decisions and didn't take risks. 445 00:31:41,140 --> 00:31:44,930 Suze: I wish I'd been braver in the face of uncertainty 446 00:31:44,939 --> 00:31:46,449 Suze: or opportunity. 447 00:31:47,479 --> 00:31:52,020 Suze: And I focused too much on the future and lost 448 00:31:52,030 --> 00:31:54,739 Suze: touch with the present. 449 00:31:56,430 --> 00:31:58,410 Suze: Might wanna write all of those down. 450 00:31:59,239 --> 00:32:03,619 Suze: You wanna live your life where you don't have regrets, 451 00:32:03,739 --> 00:32:09,770 Suze: you wanna live a life truly that you have true wealth. 452 00:32:10,500 --> 00:32:15,339 Suze: So until Thursday, well, Miss Travis will join me again 453 00:32:15,349 --> 00:32:20,030 Suze: with an Ask KT and Suze Anything, please know there's 454 00:32:20,040 --> 00:32:22,119 Suze: only one thing that I want you to remember when 455 00:32:22,130 --> 00:32:25,880 Suze: it comes to your money and it's people first, 456 00:32:26,530 --> 00:32:30,729 Suze: then money than things. And if you do that and 457 00:32:30,739 --> 00:32:37,040 Suze: you stay safe and healthy, oh, you will be unstoppable.