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MUSIC: (Music Intro)

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Suze: June 12, 2022.

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Suze: Good morning everybody. So

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Suze: this morning I was sitting and talking to KT and

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Suze: she says to me Suze, are you gonna tell everybody

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Suze: what you said you were going to tell them about

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Suze: when we did Thursday's Ask Suze and KT anything show

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Suze: and I said

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Suze: I don't know KT, I don't think so.

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Suze: She goes why not?

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Suze: And I said KT, Friday changed a lot.

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Suze: It changed a lot for the future of all of us.

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Suze: And if I had talked about it on Thursday it

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Suze: would have made sense

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Suze: for today. I want to talk about something else and

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Suze: she goes do you need my help? And I said

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Suze: KT I always love your help. But once again I'm

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Suze: just gonna do this one all by myself but she

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Suze: sends her love to all of you.

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Suze: So what happened on Friday

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Suze: that really concerns me.

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Suze: What happened on Friday is once again

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Suze: the C. P. I. Rate which stands for consumer price

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Suze: index

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Suze: came out

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Suze: At 8.6% which measures the rate of inflation.

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Suze: And rather than going down like everybody else thought

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Suze: it actually went up

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Suze: now. If you've read any of the interviews that I've

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Suze: done lately or anything that I've talked about I've been

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Suze: telling you I want you to conserve I want you

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Suze: to be careful because inflation rules it dictates everything at

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Suze: this point in time.

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Suze: And if inflation continues to go up

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Suze: that means the stock market will continue to go down.

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Suze: It means you pay more for absolutely everything.

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Suze: Do you know that in California right now,

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Suze: There are some gasoline stations that are charging $7.76 for

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Suze: a gallon of gasoline. The nation's average right now is

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Suze: $5 a gallon.

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Suze: So we're up almost 100% from a year ago.

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Suze: The cost of food, the cost of your airplane tickets,

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Suze: the cost of eating out, the cost of absolutely everything

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Suze: is going up, rent is going up, mortgage, interest rates

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Suze: are going up, everything is going up

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Suze: and that has an effect

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Suze: really on your future.

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Suze: Because what I'm afraid of is a lot of you

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Suze: still have a little money around from whatever it may

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Suze: be or you have money

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Suze: and you're just going along with these inflation increases like

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Suze: they mean absolutely nothing.

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Suze: So what

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Suze: if eggs have doubled, so what if I'm paying $5

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Suze: a gallon, it doesn't matter

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Suze: when you start to adopt that attitude,

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Suze: then you're on the road of not valuing money for

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Suze: what money really is and what money can really do.

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Suze: And when you undervalue money, you also undervalue yourself

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Suze: because as you know, I have this belief

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Suze: that you and your money are one and what you

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Suze: do with your money, how you feel about your money,

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Suze: how you invest your money, how you waste your money

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Suze: really represents,

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Suze: how you feel about who you are

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Suze: means you undervalue yourself, you undervalue your efforts because eventually

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Suze: for most households in the United States, it is going

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Suze: to catch up

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Suze: The other day. I read an article that absolutely blew

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Suze: my mind, which was people who happened to be earning,

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Suze: taking home $250,000. One out of three of them

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Suze: are living paycheck to paycheck.

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Suze: Did you just hear that everybody,

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Suze: one out of three taking home $250,000 a year

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Suze: are living paycheck to paycheck.

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Suze: Those taking home $50,000 a year, 80

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Suze: are living paycheck to paycheck.

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Suze: That is a lot of people.

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Suze: But yet people just don't seem to be taking this seriously.

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Suze: So why am I taking this so seriously?

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Suze: I'm taking this seriously and really KT and I are

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Suze: watching everything that we are buying the other day. She

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Suze: came in from the store here on the island, there's

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Suze: just a little market and she said Suze, do you

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Suze: know that a pineapple is $10?

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Suze: And I said to her and did you buy it?

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Suze: She said no way! I would never spend that kind

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Suze: of money on a pineapple.

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Suze: We value

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Suze: every penny that we have.

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Suze: We are not flippant with it.

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Suze: We are not just, oh we have it. So we

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Suze: can spend it.

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Suze: We worked really, really hard to have what we have.

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Suze: You have worked really, really hard to have what you have.

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Suze: So you need to really take what's happening seriously

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Suze: because little increases here, little increases there that you're not

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Suze: even noticing. Can really eat away at your savings while

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Suze: at the same time,

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Suze: the stock market is absolutely eating away at your net

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Suze: worth that you have invested in the stock market.

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Suze: The only thing that isn't being eaten away is real

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Suze: estate prices.

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Suze: Those are staying just fine. There's still a demand there.

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Suze: But the truth of the matter is, and you need

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Suze: to listen to me carefully on this one.

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Suze: For the first time in history,

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Suze: there are more people invested in the stock market than

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Suze: in real estate.

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Suze: So what that means is that there are more people

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Suze: losing money right now, probably money they can't afford to lose.

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Suze: Then they are invested in real estate. Now that is

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Suze: not me saying all of you should cash out and

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Suze: go invest in real estate. That is not going to

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Suze: be the point of today's podcast.

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Suze: Today's podcast is another wake up call

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Suze: a wake up call to, I feel like we're being

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Suze: nickel and dimed to death out there

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Suze: and there really isn't,

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Suze: in my opinion, a solution to it.

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Suze: The other fear that I have is the fear of

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Suze: shortages

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Suze: recently we just saw

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Suze: have been able to buy milk for babies

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Suze: was almost impossible to do formulas.

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Suze: And what were those mothers and fathers going to do.

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Suze: There was nothing to buy,

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Suze: I'm afraid shortly here and I don't know when that's

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Suze: going to be, There is going to be a dramatic

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Suze: shortage on food.

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Suze: It has to be, you know, in the same way,

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Suze: I kept saying to all of you, be careful with

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Suze: this war. Oil has got to go up.

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Suze: It's got to, we don't have enough oil to meet

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Suze: the demand. So when we don't have enough supply to

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Suze: meet demand and there's no answer for it. There's only

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Suze: one thing that can happen and that is the price

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Suze: of oil has to go up. And you have seen

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Suze: that happen

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Suze: when you have a situation like we have in Ukraine

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Suze: and Russia

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Suze: which controls most of the wheat and the breadbasket, it's

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Suze: called of the world.

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Suze: Eventually that has to trickle down where things start to

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Suze: show itself and we won't have enough food

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Suze: so little by little.

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Suze: Once again, we are going to see

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Suze: that we have a shortage of things when there is

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Suze: a shortage of things, prices will continue to go up

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Suze: and up and up

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Suze: now on Wednesday of this coming week,

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Suze: the Feds once again will announce what they're going to

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Suze: do with short term interest rates.

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Suze: Because as I've taught you in the past,

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Suze: the way that the government, the way that the Feds

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Suze: try to control inflation is they raise short term interest rates.

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Suze: And when interest rates go up,

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Suze: it affects everything, the interest rates on mortgages which are

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Suze: now like 5 5.5% they possibly could continue to go up,

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Suze: Treasury bills, bonds, and notes, interest rates can go up

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Suze: the interest rates on your savings accounts, go up, the

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Suze: interest rates on your credit cards, go up. The interest

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Suze: rates on your home equity lines of credit go up

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Suze: and when interest rates go up that tends to slow

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Suze: the economy because it costs you more to buy things

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Suze: if you have to finance it. So then you to

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Suze: start to not buy things that slows the economy which

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Suze: supposedly brings down inflation

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Suze: so we'll see what happens. But the reason that you

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Suze: saw the stock market go down

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Suze: last week,

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Suze: especially on Friday

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Suze: was because inflation came out at 8.6%

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Suze: which was higher than what everybody, except me and many

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Suze: other people like me anticipated.

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Suze: So

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Suze: I want you to be careful here.

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Suze: I want you to once again understand that when interest

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Suze: rates go up it truly affects technology stocks

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Suze: that will continue most likely to go down. And even

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Suze: though they may seem like a bargain here

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Suze: even though the E. T. Fs That focus on technology

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Suze: seem like a bargain here.

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Suze: We are not done with this market going down

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Suze: now. I said to you in the past few weeks

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Suze: we'll see possibly a bounce in the market which we did.

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Suze: I also said when it bounces you may decide if

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Suze: this is money that you can't afford to lose and

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Suze: you need right now, to come out. But if you

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Suze: have time on your side obviously 5 10 15 years

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Suze: or longer

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Suze: just stay in, continue to dollar cost average.

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Suze: There is some good news about this believe it or

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Suze: not

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Suze: if you know what to do.

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Suze: You know I was thinking about how it was June

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Suze: of 2021

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Suze: That I first started talking about series I bonds when

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Suze: the interest rate was at 7.12%.

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Suze: Now the interest rate is at 9.62

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Suze: And inflation is still high. There's probably a really great

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Suze: chance that come November one when they set the rates

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Suze: again

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Suze: It may reset at around the 9% level.

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Suze: So again investments in I bonds are something you all

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Suze: should be looking into. All right.

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Suze: However right now I want to talk about something

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Suze: that I think is affecting a whole lot of the

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Suze: women and money community audience

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Suze: and that is Social Security

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Suze: so many of you and I'm so proud of this.

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Suze: I can't even tell you

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Suze: are older that listen to this podcast,

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Suze: you're collecting Social Security, you have retired

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Suze: and now a lot of you are being really affected

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Suze: big time

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Suze: big time by inflation

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Suze: because you're normally on a fixed budget, a fixed income

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Suze: but yet your expenses are going up across the board.

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Suze: So I want to talk to you about one piece

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Suze: of good news that I think you can expect in

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Suze: 2023

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Suze: just like the consumer price index gives the average increase

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Suze: of a basket of goods that all of you buy.

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Suze: There's something called this Consumer price index W. Or the C. P. I. W.

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Suze: And this is an index that the Bureau of Labor

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Suze: Statistics normally referred to as the BLS

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Suze: publishes every single month.

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Suze: And the Consumer Price index W.

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Suze: Stands for consumer price index for urban wage earners and

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Suze: clerical workers. And the reason that the C. P. I. W.

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Suze: Is very important for all of you on Social Security

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Suze: is because this is the index, the figure that is

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Suze: used to adjust your Social Security benefit every year. Remember

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Suze: Social Security

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Suze: has a cost of living adjustment cola every year. So

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Suze: as this index goes up

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Suze: so does your Social Security check? However, normally even though

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Suze: your Social Security check goes up,

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Suze: your Medicare premium

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Suze: also goes up. So they usually cancel each other out

242
00:14:52,240 --> 00:14:53,950
Suze: now

243
00:14:54,340 --> 00:14:55,450
Suze: this month

244
00:14:55,840 --> 00:15:00,250
Suze: The c. p. I. W. came out at 9.3%.

245
00:15:01,040 --> 00:15:05,770
Suze: That is higher than anybody expected. And that's fabulous for

246
00:15:05,770 --> 00:15:10,260
Suze: those of you who are on social security because that

247
00:15:10,260 --> 00:15:15,750
Suze: means probably in 2023 your social security check will go

248
00:15:15,750 --> 00:15:20,510
Suze: up nine or 10%, maybe 8%. But right in there

249
00:15:20,510 --> 00:15:21,350
Suze: somewhere

250
00:15:21,840 --> 00:15:25,480
Suze: now there's no way for us to know because they

251
00:15:25,490 --> 00:15:29,700
Suze: only really calculate it on what the C. P. I. W.

252
00:15:29,700 --> 00:15:33,360
Suze: Happens to be for July, August and September,

253
00:15:34,140 --> 00:15:37,280
Suze: that's when they will figure it for your Social Security

254
00:15:37,280 --> 00:15:41,550
Suze: check that you will get January 1st. Okay,

255
00:15:42,140 --> 00:15:44,560
Suze: but here is the good news

256
00:15:44,940 --> 00:15:50,000
Suze: normally, even though you see your Social Security check go

257
00:15:50,000 --> 00:15:53,450
Suze: up by whatever cola happens to be. And I just

258
00:15:53,450 --> 00:15:57,050
Suze: recently said to you, your Medicare premium normally goes up

259
00:15:57,060 --> 00:15:59,400
Suze: as well. So it kind of cancels each other out

260
00:15:59,410 --> 00:16:02,060
Suze: for a variety of reasons.

261
00:16:02,140 --> 00:16:06,070
Suze: Almost too complicated to explain right now. It is highly

262
00:16:06,070 --> 00:16:06,960
Suze: probable

263
00:16:07,440 --> 00:16:11,790
Suze: that next year for the first time your Medicare premium

264
00:16:11,800 --> 00:16:13,560
Suze: will not go up

265
00:16:13,940 --> 00:16:17,150
Suze: and in fact it may even be reduced

266
00:16:17,740 --> 00:16:22,150
Suze: which means most of you are actually going to feel

267
00:16:22,940 --> 00:16:26,360
Suze: like you are getting more money because if you get

268
00:16:26,370 --> 00:16:30,060
Suze: an extra nine or 10% on your social security check

269
00:16:30,070 --> 00:16:34,360
Suze: without it costing you more for Medicare that will help

270
00:16:34,360 --> 00:16:39,140
Suze: you somewhat with the inflation that's going on throughout the

271
00:16:39,140 --> 00:16:41,060
Suze: United States right now.

272
00:16:42,140 --> 00:16:46,430
Suze: So that's good news for all of you. You know,

273
00:16:46,440 --> 00:16:50,370
Suze: I could go through this podcast and tell you everything

274
00:16:50,380 --> 00:16:52,570
Suze: that I really want you to know

275
00:16:53,240 --> 00:16:55,460
Suze: but this morning for some reason

276
00:16:55,840 --> 00:16:58,070
Suze: and I don't know why I did this. It was really,

277
00:16:58,080 --> 00:16:59,270
Suze: really early

278
00:16:59,740 --> 00:17:03,300
Suze: And KT was actually still sleeping and I hand my

279
00:17:03,300 --> 00:17:06,430
Suze: little iPhone phone on in the bed next to her

280
00:17:06,440 --> 00:17:11,890
Suze: and I was going through just scrolling through all 373

281
00:17:11,900 --> 00:17:16,040
Suze: episodes of the Women and Money podcast that I did

282
00:17:16,050 --> 00:17:18,550
Suze: before this one today.

283
00:17:19,440 --> 00:17:19,950
Suze: And

284
00:17:20,340 --> 00:17:26,030
Suze: I realized what an incredible wealth of information happens to

285
00:17:26,030 --> 00:17:30,770
Suze: be in those 373 episodes.

286
00:17:31,540 --> 00:17:35,200
Suze: And that didn't surprise me but on some level I

287
00:17:35,200 --> 00:17:38,460
Suze: have to tell you it did. And then I realized

288
00:17:38,940 --> 00:17:40,560
Suze: how are all of you

289
00:17:41,240 --> 00:17:46,369
Suze: Really are you gonna go through all 373 episodes? Are

290
00:17:46,369 --> 00:17:49,389
Suze: you going to take the time to really look at

291
00:17:49,390 --> 00:17:54,139
Suze: which episodes could really help you the most during times

292
00:17:54,150 --> 00:17:55,360
Suze: that you may need it.

293
00:17:55,840 --> 00:18:00,000
Suze: So then what I did is I jotted down the

294
00:18:00,010 --> 00:18:01,960
Suze: dates of the episodes

295
00:18:02,340 --> 00:18:05,060
Suze: that I think will help you

296
00:18:05,800 --> 00:18:08,160
Suze: during times like this.

297
00:18:08,540 --> 00:18:15,450
Suze: And those episodes are on March 27th. I talked about

298
00:18:15,460 --> 00:18:19,580
Suze: how when the feds raise the short term interest rate,

299
00:18:19,590 --> 00:18:23,420
Suze: how that affects all of you. Great Suze School you

300
00:18:23,420 --> 00:18:27,300
Suze: should listen to it on April 17th. I did a

301
00:18:27,300 --> 00:18:31,649
Suze: master class on I bonds. So again if you haven't

302
00:18:31,650 --> 00:18:35,050
Suze: done I bonds yet you've got to listen to that

303
00:18:35,060 --> 00:18:39,760
Suze: on May 1st. I did a Suze School on how

304
00:18:39,760 --> 00:18:42,010
Suze: to get the most out of F. D. I. C.

305
00:18:42,010 --> 00:18:44,879
Suze: Insurance and N. C. U. A. Insurance if you're in

306
00:18:44,880 --> 00:18:47,640
Suze: credit unions. So if you want your money to be

307
00:18:47,640 --> 00:18:50,730
Suze: safe and sound and you want to put in more

308
00:18:50,740 --> 00:18:54,859
Suze: than 250,000 which is the usual limit that's insured.

309
00:18:55,340 --> 00:18:57,460
Suze: I show you how to do that

310
00:18:57,840 --> 00:18:59,670
Suze: On May 22

311
00:19:00,140 --> 00:19:04,689
Suze: I did a podcast called conserve conserve conserve and why

312
00:19:04,690 --> 00:19:07,560
Suze: I want all of you and I wanted all of

313
00:19:07,560 --> 00:19:11,520
Suze: you to even start then to watch every penny that

314
00:19:11,520 --> 00:19:12,670
Suze: you are spending

315
00:19:13,140 --> 00:19:14,760
Suze: On May 29

316
00:19:15,240 --> 00:19:19,010
Suze: I did a Suze School on T bills, notes and

317
00:19:19,010 --> 00:19:22,109
Suze: bonds and investment that I'll talk about again in a

318
00:19:22,109 --> 00:19:25,570
Suze: little bit for all of you. So many of you

319
00:19:25,580 --> 00:19:28,310
Suze: have written in and said Suze can you do a

320
00:19:28,310 --> 00:19:32,790
Suze: Suze School on annuities? Well guess what everybody on June

321
00:19:32,790 --> 00:19:38,760
Suze: 20th in 2021 I gave you a master class, go

322
00:19:38,760 --> 00:19:41,159
Suze: and listen to that podcast

323
00:19:41,740 --> 00:19:44,760
Suze: And one more podcast that I want to talk about.

324
00:19:44,770 --> 00:19:52,550
Suze: I did November 15 in 2020 which was on Medicare

325
00:19:52,560 --> 00:19:58,360
Suze: vs Medicare advantage. I am going absolutely berserk

326
00:19:58,740 --> 00:20:03,250
Suze: every time I see Joe Namath on tv telling you

327
00:20:03,260 --> 00:20:06,770
Suze: how Medicare advantage is the way to go.

328
00:20:07,240 --> 00:20:10,190
Suze: It is not it is not, it will be one

329
00:20:10,190 --> 00:20:13,219
Suze: of the biggest mistakes you ever make. And what scares

330
00:20:13,220 --> 00:20:17,830
Suze: me right now is because inflation is so rampant because

331
00:20:17,840 --> 00:20:22,540
Suze: everything is costing you more. You probably feel like oh

332
00:20:22,550 --> 00:20:25,919
Suze: if I just switched from Medicare to Medicare advantage I

333
00:20:25,920 --> 00:20:28,060
Suze: could save x amount of money

334
00:20:28,540 --> 00:20:32,210
Suze: And that will help me and give me the same coverage.

335
00:20:32,220 --> 00:20:35,440
Suze: It will not, it will not, it will not. One

336
00:20:35,440 --> 00:20:38,300
Suze: thing that I also want to talk about right now

337
00:20:38,310 --> 00:20:43,100
Suze: that I didn't mention in that November 15 podcast and

338
00:20:43,100 --> 00:20:46,860
Suze: again I'm gearing this towards people who are on social

339
00:20:46,859 --> 00:20:50,629
Suze: security who have Medicare and who are really being affected

340
00:20:50,630 --> 00:20:51,550
Suze: the most

341
00:20:52,040 --> 00:20:54,580
Suze: by inflation In my opinion,

342
00:20:55,240 --> 00:20:58,060
Suze: here's what I want you to just understand,

343
00:20:58,540 --> 00:21:03,920
Suze: Do you know that Medicare actually pays a monthly fee

344
00:21:03,940 --> 00:21:09,730
Suze: sometimes as high as $1,000 a month to these Medicare advantage,

345
00:21:09,740 --> 00:21:14,590
Suze: insurance companies for them to take you on rather than

346
00:21:14,600 --> 00:21:16,770
Suze: they having to pay for you.

347
00:21:17,240 --> 00:21:20,590
Suze: And why do they do that? Because they know it

348
00:21:20,590 --> 00:21:24,310
Suze: will cost them less. Medicare knows it will cost them

349
00:21:24,310 --> 00:21:27,770
Suze: less to have you be on Medicare advantage

350
00:21:28,140 --> 00:21:31,050
Suze: than if you were covered by Medicare.

351
00:21:31,540 --> 00:21:34,570
Suze: And so therefore it is worth it to them. Now

352
00:21:34,570 --> 00:21:38,619
Suze: do you think that if it's worth Medicare to pay

353
00:21:38,630 --> 00:21:43,480
Suze: Medicare advantage companies for you to be part of Medicare

354
00:21:43,480 --> 00:21:44,260
Suze: advantage

355
00:21:44,940 --> 00:21:47,420
Suze: That there isn't a great reason for you to stay

356
00:21:47,420 --> 00:21:52,070
Suze: with Medicare. Of course there is. So again the November

357
00:21:52,080 --> 00:21:57,040
Suze: 15 podcast in the year 2020 is something all of

358
00:21:57,040 --> 00:22:00,560
Suze: you really should listen to because if you make the

359
00:22:00,560 --> 00:22:05,060
Suze: mistake of transferring to Medicare advantage you cannot

360
00:22:05,140 --> 00:22:06,960
Suze: automatically transfer back

361
00:22:07,940 --> 00:22:14,359
Suze: to a Medicare supplement policy. Be very, very careful everybody.

362
00:22:14,940 --> 00:22:19,630
Suze: So here again, I've given you so many podcasts and

363
00:22:19,630 --> 00:22:22,660
Suze: now I've given you the master list of where you

364
00:22:22,660 --> 00:22:25,320
Suze: can go to, you can write those states down or

365
00:22:25,320 --> 00:22:27,580
Suze: come back and listen to this podcast to know where

366
00:22:27,580 --> 00:22:29,550
Suze: to go when you want that information.

367
00:22:30,340 --> 00:22:32,050
Suze: But in summary

368
00:22:32,440 --> 00:22:36,510
Suze: we still have a lot of work to do to

369
00:22:36,510 --> 00:22:39,060
Suze: fix this problem of inflation

370
00:22:39,640 --> 00:22:42,459
Suze: and if inflation does not get fixed

371
00:22:43,040 --> 00:22:46,650
Suze: then what happens is the big problem of the stock

372
00:22:46,650 --> 00:22:49,959
Suze: market going down does not get fixed.

373
00:22:50,540 --> 00:22:54,290
Suze: The problem of your expenses going up does not get

374
00:22:54,290 --> 00:22:59,149
Suze: fixed and eventually what happens is the economy starts to

375
00:22:59,150 --> 00:23:03,560
Suze: slow down. We go into recession, jobs are lost, things

376
00:23:03,560 --> 00:23:06,970
Suze: start to go wrong and we don't want that to happen.

377
00:23:06,980 --> 00:23:09,770
Suze: But there's a good probability that it will.

378
00:23:10,640 --> 00:23:13,440
Suze: So the main thing I want you to know is

379
00:23:13,440 --> 00:23:16,850
Suze: that if you want to keep your money safe and

380
00:23:16,859 --> 00:23:17,659
Suze: sound

381
00:23:18,240 --> 00:23:20,830
Suze: and there's nothing wrong with you wanting to keep your

382
00:23:20,830 --> 00:23:24,080
Suze: money safe and sound personally. And I think I've told

383
00:23:24,080 --> 00:23:25,050
Suze: you this before,

384
00:23:25,540 --> 00:23:26,770
Suze: 50%

385
00:23:27,140 --> 00:23:31,169
Suze: of what I have is safe and sound in either

386
00:23:31,170 --> 00:23:34,160
Suze: cash so that if I want to invest I can

387
00:23:35,040 --> 00:23:37,050
Suze: or treasuries

388
00:23:37,640 --> 00:23:42,619
Suze: Or bonds that I bought many years ago that are

389
00:23:42,619 --> 00:23:46,360
Suze: still giving me five and 6% tax free.

390
00:23:47,140 --> 00:23:47,670
Suze: So

391
00:23:48,140 --> 00:23:51,159
Suze: that's the majority of my money. Yes I have money

392
00:23:51,160 --> 00:23:52,460
Suze: in the stock market

393
00:23:53,140 --> 00:23:56,440
Suze: but I have even more money waiting to when I

394
00:23:56,440 --> 00:24:00,969
Suze: think it's time to then start to reinvest and I

395
00:24:00,970 --> 00:24:04,270
Suze: personally don't think it's quite time yet.

396
00:24:04,840 --> 00:24:06,850
Suze: Now I am older

397
00:24:07,340 --> 00:24:10,830
Suze: and I am not looking for growth anymore of the

398
00:24:10,830 --> 00:24:12,050
Suze: money that I have.

399
00:24:12,640 --> 00:24:16,970
Suze: I am simply looking for preservation of my money. I

400
00:24:16,970 --> 00:24:22,170
Suze: don't want to lose what I have. If you're younger

401
00:24:22,740 --> 00:24:27,670
Suze: you're in your twenties thirties or forties even fifties, you're

402
00:24:27,680 --> 00:24:31,180
Suze: in a different situation. Most likely where you do want

403
00:24:31,180 --> 00:24:34,000
Suze: to see your money grow. So this is the time

404
00:24:34,000 --> 00:24:38,840
Suze: now that you continue to dollar cost average into stocks

405
00:24:38,840 --> 00:24:43,260
Suze: that make sense. What kind of stocks are those?

406
00:24:43,540 --> 00:24:48,270
Suze: Those are currently still oil companies? Energy companies. And yes,

407
00:24:48,270 --> 00:24:51,159
Suze: maybe they took a little bit of a hit last week.

408
00:24:51,170 --> 00:24:52,560
Suze: But truthfully,

409
00:24:53,540 --> 00:24:56,010
Suze: oil has nowhere to go right now. But up, I

410
00:24:56,010 --> 00:24:57,860
Suze: don't care what anybody says.

411
00:24:58,540 --> 00:25:03,139
Suze: The war between Russia and Ukraine isn't going anywhere. Again,

412
00:25:03,150 --> 00:25:06,670
Suze: we have more of a demand on oil than supply.

413
00:25:06,680 --> 00:25:09,670
Suze: So oil companies, health care,

414
00:25:10,440 --> 00:25:15,639
Suze: pharmaceuticals, possibly. There are companies and exchange traded funds out

415
00:25:15,650 --> 00:25:16,170
Suze: there

416
00:25:16,540 --> 00:25:20,719
Suze: that give you good dividends right now that if you

417
00:25:20,720 --> 00:25:24,419
Suze: dollar cost average into over the long run, you will

418
00:25:24,430 --> 00:25:28,300
Suze: be fine. But you just have to, like I've said before,

419
00:25:28,310 --> 00:25:32,620
Suze: stay diversified and know what you are investing in. But

420
00:25:32,619 --> 00:25:35,469
Suze: for those of you who want to keep your money

421
00:25:35,470 --> 00:25:37,060
Suze: safe and sound,

422
00:25:37,340 --> 00:25:40,540
Suze: You just want a good interest rate and it just,

423
00:25:40,540 --> 00:25:44,879
Suze: that's all you really care about on some level. Again,

424
00:25:44,880 --> 00:25:50,409
Suze: I will reiterate treasury bills and notes and eventually bonds

425
00:25:50,420 --> 00:25:54,379
Suze: will be the way for you to go. The ten-year

426
00:25:54,380 --> 00:25:56,560
Suze: treasury was at 3%.

427
00:25:56,740 --> 00:25:59,670
Suze: Those are great interest rates. But I do think those

428
00:25:59,680 --> 00:26:03,960
Suze: interest rates will go higher. So one technique

429
00:26:04,740 --> 00:26:08,550
Suze: that you might want to use with Treasury bills and

430
00:26:08,550 --> 00:26:13,449
Suze: notes as well as certificates of deposits, is to simply

431
00:26:13,450 --> 00:26:15,450
Suze: do a laddering technique.

432
00:26:16,240 --> 00:26:19,560
Suze: So let me give you an example with certificates of deposits,

433
00:26:19,940 --> 00:26:23,900
Suze: Let's say you have $50,000 to invest. You might want

434
00:26:23,900 --> 00:26:28,160
Suze: to put $10,000 in a one year c. d. 10,000

435
00:26:28,160 --> 00:26:31,720
Suze: in a two year, 10,000 in a three year, 10,000

436
00:26:31,720 --> 00:26:34,670
Suze: in a four year, 10,000 in a five year.

437
00:26:35,460 --> 00:26:39,859
Suze: Therefore every year you have $10,000 coming due.

438
00:26:40,540 --> 00:26:43,720
Suze: If interest rates go up after one year, you'll take

439
00:26:43,720 --> 00:26:46,660
Suze: that $10,000 and invest it again

440
00:26:47,040 --> 00:26:49,560
Suze: In a five year c. d.

441
00:26:49,940 --> 00:26:53,290
Suze: Which will again give you higher interest rates and you

442
00:26:53,290 --> 00:26:56,130
Suze: just keep rolling like that and you can do the

443
00:26:56,130 --> 00:27:00,860
Suze: exact same thing with Treasury bills and notes

444
00:27:01,240 --> 00:27:03,900
Suze: if you wanted to, you could put money in a

445
00:27:03,910 --> 00:27:08,330
Suze: six month Treasury Bill, a one year Treasury Bill, a

446
00:27:08,330 --> 00:27:12,220
Suze: two year Treasury Note, maybe a five year Treasury Note,

447
00:27:12,230 --> 00:27:15,960
Suze: maybe even a 10 year Treasury note and just keep

448
00:27:15,970 --> 00:27:17,460
Suze: rolling like that.

449
00:27:18,440 --> 00:27:22,250
Suze: So just take a look at the interest rates that

450
00:27:22,250 --> 00:27:23,659
Suze: you are being paid

451
00:27:25,040 --> 00:27:27,960
Suze: personally. I don't think it pays to go out further

452
00:27:27,960 --> 00:27:30,350
Suze: than five years right now with anything

453
00:27:30,740 --> 00:27:33,860
Suze: and for money that you want liquid

454
00:27:34,240 --> 00:27:37,730
Suze: where you need it. It's savings. It's an emergency savings

455
00:27:37,730 --> 00:27:38,560
Suze: account

456
00:27:39,340 --> 00:27:43,330
Suze: again, please don't go for the banks right now that

457
00:27:43,330 --> 00:27:47,550
Suze: are trying to get your money by offering you the 1%

458
00:27:47,550 --> 00:27:50,040
Suze: the one and a quarter percent. They're trying to do

459
00:27:50,050 --> 00:27:52,060
Suze: anything possible to get you

460
00:27:52,440 --> 00:27:55,990
Suze: in times like this where you don't know where the

461
00:27:55,990 --> 00:27:58,980
Suze: economy is going to go and what's going to happen.

462
00:27:58,990 --> 00:28:03,659
Suze: You want to stay with really strong financial institutions

463
00:28:04,240 --> 00:28:08,540
Suze: that are giving you a really great interest rate. But

464
00:28:08,540 --> 00:28:11,860
Suze: what the majority of those institutions are giving you

465
00:28:12,340 --> 00:28:15,210
Suze: so you want to know that the company is safe

466
00:28:15,220 --> 00:28:18,550
Suze: and sound that you're dealing with and they're going to

467
00:28:18,550 --> 00:28:19,270
Suze: be there.

468
00:28:19,640 --> 00:28:23,659
Suze: I again, feel fabulous about Alliant Credit Union.

469
00:28:24,140 --> 00:28:28,880
Suze: They are paying you right now 0.75%. Also, if you

470
00:28:28,880 --> 00:28:33,260
Suze: do not have the ultimate opportunity savings account with them,

471
00:28:34,140 --> 00:28:36,860
Suze: you might want to look into that. You would go

472
00:28:36,859 --> 00:28:39,170
Suze: to my alliant dot com

473
00:28:39,540 --> 00:28:41,970
Suze: and the reason why you would want to do that

474
00:28:41,980 --> 00:28:44,480
Suze: is because if you didn't have a lot of money

475
00:28:44,480 --> 00:28:45,270
Suze: right now

476
00:28:45,740 --> 00:28:49,380
Suze: And you simply were able to put in $100 a

477
00:28:49,380 --> 00:28:50,060
Suze: month

478
00:28:50,840 --> 00:28:55,580
Suze: Every single month for 12 consecutive months after that you

479
00:28:55,580 --> 00:28:58,370
Suze: will get what as long as you have $1,200 in

480
00:28:58,370 --> 00:29:03,890
Suze: their $100 bonus. So you're making .75% on your money

481
00:29:03,900 --> 00:29:07,510
Suze: and the $100 bonus, you know that you would need

482
00:29:07,510 --> 00:29:10,850
Suze: like $18,000 or so or whatever it is

483
00:29:10,940 --> 00:29:14,400
Suze: in a savings account all at once to earn that

484
00:29:14,400 --> 00:29:15,670
Suze: kind of money.

485
00:29:16,240 --> 00:29:19,240
Suze: So all of you really check it out if you

486
00:29:19,240 --> 00:29:23,130
Suze: don't have it. And again, I wouldn't be surprised if

487
00:29:23,130 --> 00:29:25,750
Suze: a lot of you saw in the next few months.

488
00:29:25,760 --> 00:29:30,060
Suze: another sweepstakes being offered last year we offered

489
00:29:30,240 --> 00:29:34,900
Suze: $20,000 of money for those of you who had the

490
00:29:34,910 --> 00:29:39,050
Suze: ultimate opportunity savings account you automatically were entered if you

491
00:29:39,050 --> 00:29:41,870
Suze: had that. So just something to think about. I'm sure

492
00:29:41,870 --> 00:29:46,150
Suze: we might do that again. But for total information on it,

493
00:29:46,160 --> 00:29:49,070
Suze: just listen to the end of this podcast that's coming

494
00:29:49,070 --> 00:29:54,360
Suze: up shortly here now to find out exactly how it works.

495
00:29:54,740 --> 00:29:57,360
Suze: So, I know I just threw a whole lot at

496
00:29:57,360 --> 00:30:00,560
Suze: you and I don't even know how constructive that was.

497
00:30:01,140 --> 00:30:04,580
Suze: But what I can hope that you got from this

498
00:30:04,580 --> 00:30:09,770
Suze: message is inflation is here to stay for some time.

499
00:30:10,440 --> 00:30:14,760
Suze: The only way for you to combat inflation

500
00:30:15,340 --> 00:30:16,060
Suze: is to

501
00:30:16,640 --> 00:30:17,770
Suze: earn more,

502
00:30:18,340 --> 00:30:22,979
Suze: save more, spend less. So that may mean that you

503
00:30:22,980 --> 00:30:26,490
Suze: have to take on additional jobs right now. It may

504
00:30:26,490 --> 00:30:30,220
Suze: mean that you have to sell your home that you

505
00:30:30,220 --> 00:30:33,790
Suze: have and downsize because you really don't need it. Not

506
00:30:33,790 --> 00:30:35,460
Suze: a bad thing to do right now.

507
00:30:36,140 --> 00:30:40,650
Suze: It means that you have to make really, really wise

508
00:30:40,660 --> 00:30:41,860
Suze: decisions

509
00:30:42,240 --> 00:30:47,520
Suze: and you need to conserve conserve conserve because this is

510
00:30:47,520 --> 00:30:52,050
Suze: not going to get any better for quite a while

511
00:30:52,940 --> 00:30:54,260
Suze: in my opinion.

512
00:30:55,040 --> 00:31:00,490
Suze: So, until next Thursday, when Ms Travis will join me

513
00:31:00,490 --> 00:31:04,050
Suze: again for Ask Suze and KT Anything, there's really only

514
00:31:04,050 --> 00:31:04,850
Suze: one thing

515
00:31:05,240 --> 00:31:07,620
Suze: that matters when it comes to you and your money

516
00:31:07,620 --> 00:31:09,840
Suze: and what I want for every single one of you

517
00:31:09,850 --> 00:31:11,660
Suze: and that's for you to be safe.

518
00:31:12,140 --> 00:31:17,170
Suze: Strong and secure. All right. See on Thursday. Bye bye. Now,

519
00:31:18,560 --> 00:31:18,770
MUSIC: Music OUT