1 00:00:33,520 --> 00:00:40,299 Suze: November 30th 2023. Welcome everybody to the Women and Money 2 00:00:40,310 --> 00:00:44,400 Suze: podcast as well as everybody smart enough to listen, Suze 3 00:00:44,409 --> 00:00:45,310 Suze: O and 4 00:00:45,319 --> 00:00:46,689 KT: KT is here... 5 00:00:46,790 --> 00:00:49,379 Suze: in the house. It's been, I feel like it's been 6 00:00:49,389 --> 00:00:50,069 Suze: so long... 7 00:00:50,080 --> 00:00:53,840 KT: For me? It was because we had Robert do our 8 00:00:53,849 --> 00:00:59,279 KT: Thanksgiving because we were fishing, fishing. Are we going to 9 00:00:59,290 --> 00:00:59,819 KT: do the big 10 00:00:59,926 --> 00:01:02,707 KT: reveal? The big reveal... 11 00:01:02,716 --> 00:01:06,827 Suze: Before we tell all of you the results of the 12 00:01:06,836 --> 00:01:14,077 Suze: Wahoo tournament? This is the Ask KT and Suze Anything podcast. 13 00:01:14,126 --> 00:01:20,376 Suze: This is where you write in to ask Suze - SUZE podcast 14 00:01:20,387 --> 00:01:25,166 Suze: at gmail.com. You write in your question and if Miss 15 00:01:25,177 --> 00:01:28,666 Suze: Travis happens to pick it, we will answer it 16 00:01:28,973 --> 00:01:31,833 Suze: this podcast. All right. Take it away. KT. 17 00:01:32,013 --> 00:01:36,032 KT: So the big reveal, we go out on the tournament day, 18 00:01:36,374 --> 00:01:40,712 KT: it is a brutal day in terms of the number 19 00:01:40,723 --> 00:01:45,792 KT: of boats out there competing, huge, huge, big Vikings, big 20 00:01:45,804 --> 00:01:49,954 KT: fishing yachts. We're in our little whaler and we're going 21 00:01:49,963 --> 00:01:53,234 KT: back and forth, back and forth, back and forth. No one, 22 00:01:53,244 --> 00:01:56,433 KT: no one is catching all of a sudden. We look 23 00:01:56,444 --> 00:01:57,914 KT: and the big boys are gone. 24 00:01:58,021 --> 00:02:02,559 KT: They went way south 100 miles almost to Cuba. I mean, 25 00:02:02,570 --> 00:02:03,560 KT: way south... 26 00:02:03,570 --> 00:02:06,521 Suze: Which they were able to do because they have so many engines on there. 27 00:02:06,530 --> 00:02:09,201 KT: No, they're big, big, big yachts. We have a little boat. 28 00:02:09,251 --> 00:02:11,901 KT: They go way, way south. They're out of sight, but 29 00:02:11,910 --> 00:02:15,761 KT: we're still going back and forth, passing all our friends 30 00:02:15,770 --> 00:02:22,180 KT: waving and everyone's putting their fingers up. Zero. We caught nothing. Finally, finally, 31 00:02:22,470 --> 00:02:25,720 KT: Suze and I almost like maybe after four or five 32 00:02:25,731 --> 00:02:26,960 KT: hours in 33 00:02:27,350 --> 00:02:33,490 KT: of nonstop fishing, we finally catch a wahoo and this was 34 00:02:34,508 --> 00:02:37,229 KT: the first of the season. So we're just elated that 35 00:02:37,240 --> 00:02:40,418 KT: we caught our first fish of the season when we 36 00:02:40,429 --> 00:02:43,059 KT: brought it on board. We didn't even have to Gaff 37 00:02:43,070 --> 00:02:48,020 KT: the fish. It was so tiny and so small, we 38 00:02:48,029 --> 00:02:50,820 KT: looked at each other and by the way, you can't 39 00:02:50,830 --> 00:02:54,500 KT: really catch and release wahoo because you've already, 40 00:02:54,820 --> 00:02:57,638 KT: you know, it's already spent. So you have to bring 41 00:02:57,649 --> 00:03:00,589 KT: it in and actually consume it. But this fish was 42 00:03:00,600 --> 00:03:05,559 KT: only 13 pounds. All right. Everybody imagine that. So here we 43 00:03:05,570 --> 00:03:08,000 KT: go to the, we're the weigh in and, and all 44 00:03:08,008 --> 00:03:10,740 KT: the boats are coming in slowly and everyone, 45 00:03:10,750 --> 00:03:13,960 Suze: And everybody up till this point thought we had won 46 00:03:14,258 --> 00:03:15,049 Suze: the tournament 47 00:03:15,059 --> 00:03:16,440 KT: because we caught a fish 48 00:03:16,449 --> 00:03:20,000 KT: and no one else is catching all of a sudden 49 00:03:20,008 --> 00:03:24,880 KT: the big boys are returning. The big ones that went way, way, 50 00:03:24,889 --> 00:03:28,720 KT: way south. They're returning and we go down to and, 51 00:03:28,729 --> 00:03:31,500 KT: and everyone's saying no one caught this, no one caught 52 00:03:31,508 --> 00:03:34,720 KT: that so many of our great fishermen friends caught nothing. 53 00:03:35,029 --> 00:03:38,119 KT: We go to the weigh in and they're on the 54 00:03:38,130 --> 00:03:39,100 KT: scale 55 00:03:39,619 --> 00:03:43,750 KT: is the biggest Wahoo I ever saw in my life. 56 00:03:44,850 --> 00:03:46,399 Suze: 68 pounds. 57 00:03:46,500 --> 00:03:50,160 KT: Suze has to post a photo on our women and 58 00:03:50,169 --> 00:03:53,240 KT: money um app because you on the wall, you've got 59 00:03:53,250 --> 00:03:55,899 KT: to see what this looks like. Then she'll post the 60 00:03:55,910 --> 00:03:58,600 KT: photo next to it of us with our winning. 61 00:03:58,660 --> 00:04:03,029 Suze: The bottom line is we didn't win, but we did 62 00:04:03,039 --> 00:04:07,080 Suze: win because we had the best time, best time ever. 63 00:04:07,304 --> 00:04:09,485 Suze: All right. But we will try again. 64 00:04:09,494 --> 00:04:12,315 KT: Go look at the photos and get a giggle. All 65 00:04:12,604 --> 00:04:14,205 KT: you have to look hard to find our... 66 00:04:14,414 --> 00:04:16,765 Suze: The biggest one, by the way we've ever caught was 67 00:04:16,774 --> 00:04:22,734 Suze: a 60 pound. So I can't imagine pulling in a 68 pound. 68 00:04:22,744 --> 00:04:25,204 Suze: It was huge. But you will see. Ok. 69 00:04:25,904 --> 00:04:29,214 KT: So the first question I have is from Jen W 70 00:04:29,303 --> 00:04:33,845 KT: she wrote help. Please read this KT. So I'm gonna 71 00:04:33,855 --> 00:04:34,674 KT: read it, Jen. 72 00:04:35,049 --> 00:04:39,010 KT: Hi, Suze. I've listened to your podcast over the years 73 00:04:39,019 --> 00:04:43,450 KT: and finally decided to buy the must have documents. My 74 00:04:43,459 --> 00:04:46,589 KT: husband and I have a will that was made by 75 00:04:46,600 --> 00:04:48,149 KT: a lawyer years ago. 76 00:04:48,769 --> 00:04:51,670 KT: We know we need to have a trust. So we've 77 00:04:51,678 --> 00:04:55,070 KT: been married for 20 years. My husband has kids from 78 00:04:55,079 --> 00:04:58,928 KT: his previous marriage, but they're older now and we don't 79 00:04:58,940 --> 00:05:03,390 KT: have any Children together. My question is, do we have 80 00:05:03,399 --> 00:05:07,349 KT: to purchase two? Must have document kits or can we 81 00:05:07,359 --> 00:05:08,750 KT: both use this one? 82 00:05:09,160 --> 00:05:12,440 KT: I've not activated the code yet because I wasn't sure 83 00:05:12,450 --> 00:05:15,420 KT: if we can both use the same code. Now, the 84 00:05:15,428 --> 00:05:18,500 KT: reason I chose this is that you've all heard the 85 00:05:18,510 --> 00:05:21,500 KT: must have documents over and over again, but it took 86 00:05:21,510 --> 00:05:25,799 KT: gen w all these years to finally get it. And 87 00:05:25,809 --> 00:05:28,269 KT: I think this is an important way to start your 88 00:05:28,279 --> 00:05:31,470 KT: new year for those of you that don't have it. So, 89 00:05:31,480 --> 00:05:33,019 KT: Suze's gonna explain 90 00:05:33,299 --> 00:05:36,559 KT: that one code will do a great deal of good. 91 00:05:36,570 --> 00:05:39,799 Suze: Yeah. So one thing that you all have to understand 92 00:05:39,809 --> 00:05:43,368 Suze: and you need to understand Jen, all you have to 93 00:05:43,380 --> 00:05:45,190 Suze: do is purchase one 94 00:05:45,660 --> 00:05:48,099 Suze: and then you can share it with as many people 95 00:05:48,109 --> 00:05:52,238 Suze: as you want. So the activation code that you have, 96 00:05:52,250 --> 00:05:55,720 Suze: you can use it for yourself. You will then personalize 97 00:05:55,730 --> 00:05:58,760 Suze: it by setting it up to the email you want 98 00:05:58,820 --> 00:06:01,359 Suze: and your own password. Then you will give it to 99 00:06:01,369 --> 00:06:04,559 Suze: your husband. He will do the same thing with his 100 00:06:04,570 --> 00:06:07,630 Suze: email that he wants and his passcode, you won't be 101 00:06:07,640 --> 00:06:10,760 Suze: able to see each other's unless you voluntarily show it 102 00:06:10,769 --> 00:06:11,799 Suze: to each other. 103 00:06:11,885 --> 00:06:16,505 Suze: But you can do that with as many people as you. 104 00:06:16,704 --> 00:06:20,534 KT: So, Suze, wait tell everyone that didn't get the must 105 00:06:20,545 --> 00:06:23,584 KT: have docs yet. Where to go. Well, it's a great 106 00:06:23,595 --> 00:06:25,984 KT: way to start the New Year. Nice and secure. Yeah. 107 00:06:25,994 --> 00:06:28,974 Suze: The, the best way for you to do it is 108 00:06:28,984 --> 00:06:35,743 Suze: go to the URL must have docs. D O C S must 109 00:06:35,755 --> 00:06:37,984 Suze: have docs.com 110 00:06:38,269 --> 00:06:42,549 Suze: and there is where you would get them. It's $2500 111 00:06:42,559 --> 00:06:44,969 Suze: worth of state of the art documents. I believe it's 112 00:06:44,980 --> 00:06:48,890 Suze: for $99 right now can share it with anybody. And 113 00:06:48,899 --> 00:06:52,768 Suze: when you go there, you will see my picture and 114 00:06:52,779 --> 00:06:55,558 Suze: a video. I'm the educator of this 115 00:06:55,660 --> 00:06:58,089 Suze: product. So you go there, I educate you on what 116 00:06:58,100 --> 00:07:00,959 Suze: you need to know and then you decide what you 117 00:07:00,970 --> 00:07:05,000 Suze: want to do from there. But hopefully you will decide 118 00:07:05,010 --> 00:07:07,738 Suze: to partake in them. Next question, KT. 119 00:07:07,750 --> 00:07:11,000 KT: Again, everyone listen to this. She said this is from Pam. 120 00:07:11,010 --> 00:07:12,920 KT: She said, KT pick me. 121 00:07:13,579 --> 00:07:16,600 Suze: Oh, is that what you're doing this? You're looking for everybody. 122 00:07:16,670 --> 00:07:17,959 Suze: KT pick me. 123 00:07:18,170 --> 00:07:22,369 KT: So, Suze, how does it work when our mom passes 124 00:07:22,380 --> 00:07:25,559 KT: and has stocks that need to be sold and then 125 00:07:25,570 --> 00:07:29,480 KT: transferred to the three siblings in the family trust. 126 00:07:30,059 --> 00:07:33,890 KT: So they're saying we're still waiting on Ira and Roth 127 00:07:33,899 --> 00:07:37,149 KT: Ira to be settled with the bank for us to 128 00:07:37,160 --> 00:07:40,720 KT: get access to money from the trust. Can you please 129 00:07:40,730 --> 00:07:45,160 KT: give some information on how this usually works? Dealing with 130 00:07:45,170 --> 00:07:48,350 KT: this bank is not fun. Thank you, Pam. 131 00:07:48,359 --> 00:07:52,559 Suze: Now, I have a feeling in this particular situation, Pam 132 00:07:52,779 --> 00:07:55,549 Suze: that the trust that your mom set up, 133 00:07:56,089 --> 00:08:00,350 Suze: she made this bank, whatever bank it is the trustee 134 00:08:00,359 --> 00:08:06,609 Suze: of that trust. And what happens when that happens is 135 00:08:06,619 --> 00:08:10,390 Suze: that they get paid a fee to do all of 136 00:08:10,399 --> 00:08:13,390 Suze: that work and the longer they do that work for, 137 00:08:13,399 --> 00:08:16,570 Suze: the more money they make. Now, I don't know if 138 00:08:16,579 --> 00:08:19,149 Suze: that is your situation or not, 139 00:08:19,630 --> 00:08:22,619 Suze: but it's important that when you do have the must 140 00:08:22,630 --> 00:08:27,420 Suze: have docs or you're naming somebody rather than naming a 141 00:08:27,429 --> 00:08:32,289 Suze: bank to take care of everything. One of you personally 142 00:08:32,299 --> 00:08:36,770 Suze: should be named a kid or a spouse or whatever 143 00:08:36,780 --> 00:08:39,429 Suze: it may be, whoever that person would trust to carry 144 00:08:39,440 --> 00:08:42,750 Suze: out the instructions of the trust. It should not take 145 00:08:42,760 --> 00:08:45,989 Suze: this long, it should be done really in a matter 146 00:08:46,000 --> 00:08:48,079 Suze: of weeks, believe it or not. 147 00:08:48,359 --> 00:08:51,549 Suze: So you need to stay on this bank, call them 148 00:08:51,559 --> 00:08:54,939 Suze: five times a day, hassle them, do whatever you can 149 00:08:55,039 --> 00:08:59,179 Suze: and get this to happen. Yeah. Ok. 150 00:08:59,190 --> 00:09:02,419 KT: Next one, this is from Laura and she said, don't 151 00:09:02,429 --> 00:09:06,340 KT: let me down KT here we go. Now you all 152 00:09:06,349 --> 00:09:09,439 KT: know the key to, don't let me down to pick this. 153 00:09:09,640 --> 00:09:13,450 KT: She said I need to knock some sense into my brother. 154 00:09:13,549 --> 00:09:15,289 KT: I love that first one. 155 00:09:16,570 --> 00:09:20,750 KT: I can relate to that. So we're twins, age 37 156 00:09:20,890 --> 00:09:22,968 KT: but I'm a twin too, but I have a great 157 00:09:22,979 --> 00:09:27,309 KT: twin sister. We're identical. Obviously, you're fraternal. So she said 158 00:09:27,320 --> 00:09:31,650 KT: he is single, no dependents, financially stable and owns his 159 00:09:31,659 --> 00:09:35,869 KT: own home. He has no mortgage. His tax guy helped 160 00:09:35,880 --> 00:09:38,630 KT: to set up a Roth Ira for him years ago. 161 00:09:38,640 --> 00:09:41,419 KT: But its investment options are slim 162 00:09:42,229 --> 00:09:46,830 KT: when he told me what he's invested in. I nearly fainted. 163 00:09:47,200 --> 00:09:49,549 KT: I did my best to talk him into a Roth 164 00:09:49,559 --> 00:09:54,159 KT: Ira with fidelity where the investment options are bountiful. He 165 00:09:54,169 --> 00:09:58,699 KT: just won't listen to me. Maybe, maybe Suze, he'll listen 166 00:09:58,710 --> 00:10:01,780 KT: to you or both of you. Can you provide me 167 00:10:01,789 --> 00:10:05,070 KT: with a persuasive argument as to why? What he is 168 00:10:05,080 --> 00:10:06,030 KT: doing is not why... 169 00:10:06,950 --> 00:10:09,419 Suze: Does he tell you what he is actually doing? 170 00:10:10,304 --> 00:10:11,444 Suze: Well, read that to me. 171 00:10:11,455 --> 00:10:16,604 KT: Ok. He recently arranged the following $110 a month into 172 00:10:16,614 --> 00:10:21,065 KT: the growth fund of America and $110 a month into 173 00:10:21,075 --> 00:10:23,723 KT: class A 2040 bonds. 174 00:10:24,335 --> 00:10:28,385 Suze: First of all, what all of you, forget your brother 175 00:10:28,395 --> 00:10:31,684 Suze: for a second here, Lauren, right. What all of you 176 00:10:31,695 --> 00:10:33,364 Suze: have to understand 177 00:10:34,010 --> 00:10:41,059 Suze: is that today you are able to make purchases of 178 00:10:41,070 --> 00:10:46,108 Suze: ETFs A mutual funds, of all kinds of things without 179 00:10:46,119 --> 00:10:48,469 Suze: having to pay a commission. 180 00:10:49,280 --> 00:10:56,260 Suze: Those are called no load funds and, or exchange traded 181 00:10:56,270 --> 00:10:59,960 Suze: funds where you're purchasing at a Fidelity for instance, and 182 00:10:59,969 --> 00:11:02,299 Suze: there's no charge to buy or sell. 183 00:11:03,109 --> 00:11:07,929 Suze: The fact that your brother's tax person also helped him 184 00:11:07,940 --> 00:11:09,929 Suze: set up this account 185 00:11:10,739 --> 00:11:14,960 Suze: and they set it up into two things that he 186 00:11:14,969 --> 00:11:19,960 Suze: bought that have a 4 to 5 or possibly 6% 187 00:11:19,969 --> 00:11:21,479 Suze: commission on. 188 00:11:22,349 --> 00:11:27,650 Suze: Tells me that somehow the tax person is also making 189 00:11:27,659 --> 00:11:32,409 Suze: money off of what your brother buys. Number one. Number two, 190 00:11:32,940 --> 00:11:37,190 Suze: the good news is he's only putting 100 and $10 191 00:11:37,200 --> 00:11:41,080 Suze: a month into these things. He could be putting $500 192 00:11:41,090 --> 00:11:43,940 Suze: a month into it. 600 depending whatever it is that 193 00:11:43,950 --> 00:11:48,929 Suze: he's actually doing. But Growth fund of America happens to 194 00:11:48,940 --> 00:11:51,380 Suze: be a fabulous mutual fund. 195 00:11:52,219 --> 00:11:55,890 Suze: The problem is, in my opinion, it is a loaded 196 00:11:55,900 --> 00:11:59,559 Suze: mutual fund where you pay a load or a commission 197 00:11:59,570 --> 00:12:02,400 Suze: and there are other mutual funds that are equally as 198 00:12:02,409 --> 00:12:07,400 Suze: good that don't do that. The class 80 2040 bonds, 199 00:12:07,450 --> 00:12:10,000 Suze: whenever you see the letter A, 200 00:12:10,489 --> 00:12:15,710 Suze: that means there is a load on it. You never ever, ever, 201 00:12:15,719 --> 00:12:19,799 Suze: in my opinion, want a mutual fund that has an 202 00:12:19,809 --> 00:12:23,280 Suze: A or a B on it. Got it. You want 203 00:12:23,289 --> 00:12:30,039 Suze: no load funds. So your brother is absolutely making a mistake. However, 204 00:12:30,570 --> 00:12:34,478 Suze: here's the truth, Lauren, they can't be doing that bad 205 00:12:34,940 --> 00:12:39,319 Suze: because he's single. He doesn't have dependents, he's financially stable 206 00:12:39,330 --> 00:12:43,260 Suze: according to you and he owns his own home, no 207 00:12:43,270 --> 00:12:48,820 Suze: mortgage outright. So he's got to be doing something right. 208 00:12:49,340 --> 00:12:53,450 Suze: The question is, do you own your home outright? Are 209 00:12:53,460 --> 00:12:58,500 Suze: you financially stable? So he may feel that he doesn't 210 00:12:58,510 --> 00:13:03,320 Suze: need any advice from his twin sister. 211 00:13:03,909 --> 00:13:06,890 Suze: So let him do what he wants. He wants to 212 00:13:06,900 --> 00:13:11,449 Suze: continue to make mistakes. Ok. He'll still make money. He 213 00:13:11,460 --> 00:13:15,640 Suze: just won't make as much money as he could as 214 00:13:15,650 --> 00:13:19,400 Suze: you or as you. So, in the meantime, let it go. 215 00:13:19,900 --> 00:13:21,728 Suze: Don't worry about it. 216 00:13:22,309 --> 00:13:25,000 Suze: Don't give him advice because if you give him advice 217 00:13:25,010 --> 00:13:28,059 Suze: and it goes wrong, you'll pay for it. Trust me, 218 00:13:28,159 --> 00:13:31,409 Suze: just live your life and you make the right decisions 219 00:13:31,640 --> 00:13:34,710 Suze: and let him do what he wants because he has 220 00:13:34,719 --> 00:13:38,358 Suze: the decision to do that. Just that simple. He's not 221 00:13:38,369 --> 00:13:42,880 Suze: making grave errors, but he is making in my opinion, 222 00:13:43,340 --> 00:13:45,039 Suze: a silly one. All right. 223 00:13:45,250 --> 00:13:49,640 KT: Ok. This next question is from Christine and, and I 224 00:13:49,650 --> 00:13:51,559 KT: think Suze, you need to address 225 00:13:52,010 --> 00:13:54,770 KT: a couple of things here. But basically what happened was 226 00:13:54,780 --> 00:13:58,770 KT: Christine said she hit rock bottom. She needs to know 227 00:13:58,780 --> 00:14:02,010 KT: the best way to move fast from here to correct 228 00:14:02,020 --> 00:14:07,059 KT: a 580 credit score and she feels that she had, 229 00:14:07,309 --> 00:14:10,059 KT: she was misled with a bankruptcy lawyer that told her 230 00:14:10,070 --> 00:14:10,780 KT: to file. 231 00:14:11,200 --> 00:14:15,119 KT: And since that she said my life is worse than ever. 232 00:14:15,150 --> 00:14:18,289 KT: I'm wondering how to fix this nightmare that will now 233 00:14:18,299 --> 00:14:22,140 KT: follow me for 10 years. I'm 54. I own my 234 00:14:22,150 --> 00:14:25,380 KT: own home, four years away from paying it off auto 235 00:14:25,390 --> 00:14:28,780 KT: loan ends in April. I cannot refinance or get a 236 00:14:28,789 --> 00:14:33,489 KT: loan or credit to save my soul. She filed, haven't 237 00:14:33,500 --> 00:14:37,460 KT: owned charge cards in four years help. 238 00:14:37,469 --> 00:14:39,659 Suze: So here's what I would tell you, Christine, 239 00:14:40,010 --> 00:14:42,739 Suze: you gotta change your attitude on this. You gotta change 240 00:14:42,750 --> 00:14:46,270 Suze: how you're thinking about this girlfriend. You have this so wrong. 241 00:14:46,280 --> 00:14:50,179 Suze: I can't even tell you. I don't care what your 242 00:14:50,190 --> 00:14:53,789 Suze: credit score is. I don't care that you can't get 243 00:14:53,799 --> 00:14:59,510 Suze: credit cards. I care about that. You're 54 and you're 244 00:14:59,520 --> 00:15:03,409 Suze: gonna own your own home in four years from now. 245 00:15:03,929 --> 00:15:07,630 Suze: Who's gonna be 58 and owns their own home outright today? 246 00:15:07,640 --> 00:15:08,190 Suze: Who 247 00:15:08,789 --> 00:15:11,609 Suze: everybody listening. what do you think of that? Would you 248 00:15:11,619 --> 00:15:14,700 Suze: like to own your own home outright at 58? But 249 00:15:14,710 --> 00:15:20,400 Suze: Christine doesn't appreciate how much that means she has a 250 00:15:20,409 --> 00:15:25,729 Suze: car loan that ends in April. April is just a 251 00:15:25,739 --> 00:15:30,090 Suze: few months from now. So why does she need to 252 00:15:30,099 --> 00:15:33,070 Suze: refinance a loan? Why does she need to do any 253 00:15:33,080 --> 00:15:36,219 Suze: of that? Why Christine, you have a car, you're gonna 254 00:15:36,229 --> 00:15:37,090 Suze: keep the car, 255 00:15:37,359 --> 00:15:40,650 Suze: you have a home, you're gonna keep the home. You 256 00:15:40,659 --> 00:15:43,400 Suze: are not gonna take money out of the home as 257 00:15:43,409 --> 00:15:45,909 Suze: a home equity line of credit, which possibly you could 258 00:15:45,919 --> 00:15:49,010 Suze: have done if you had a high FICO score. I 259 00:15:49,020 --> 00:15:53,500 Suze: don't care again that you can't get credit to save 260 00:15:53,510 --> 00:15:58,200 Suze: your soul. Good. Go on a cash basis. It's just 261 00:15:58,219 --> 00:16:04,890 Suze: that simple. So over time, everything will improve financially in 262 00:16:04,900 --> 00:16:06,239 Suze: terms of your credit. 263 00:16:06,919 --> 00:16:09,080 Suze: But the truth of the matter is you say you 264 00:16:09,090 --> 00:16:12,359 Suze: haven't owned charge cards in four years. Good. I hope 265 00:16:12,369 --> 00:16:16,299 Suze: you don't own them for another four years for forever. 266 00:16:16,309 --> 00:16:20,119 Suze: You don't need them go cash. That's how it is. 267 00:16:20,130 --> 00:16:22,400 Suze: And it's just that simple. And if you need to 268 00:16:22,409 --> 00:16:26,940 Suze: use a credit card, fine, either get yourself a debit 269 00:16:26,950 --> 00:16:31,309 Suze: card or get yourself a secured credit card. But if 270 00:16:31,320 --> 00:16:34,960 Suze: I were you and you already claim bankruptcy. Fabulous. Because 271 00:16:34,969 --> 00:16:36,700 Suze: you're not gonna claim it again. 272 00:16:37,309 --> 00:16:40,289 Suze: All right. KT, did you know that most people who claim 273 00:16:40,299 --> 00:16:45,739 Suze: bankruptcy once, claim it twice? So claim bankruptcy, you get 274 00:16:45,750 --> 00:16:48,330 Suze: rid of everything and then you feel free and you 275 00:16:48,340 --> 00:16:52,369 Suze: make the same mistakes again. Christine is in a situation 276 00:16:52,380 --> 00:16:55,090 Suze: where the fact that she did it, she can't get 277 00:16:55,099 --> 00:16:58,489 Suze: herself in trouble again. It's her thoughts that are going 278 00:16:58,500 --> 00:17:01,530 Suze: to do her in next question. KT 279 00:17:01,539 --> 00:17:03,109 KT: OK. From Larissa. 280 00:17:03,479 --> 00:17:07,079 KT: Hi, Suze. Thank you for laying the ground rules for us. 281 00:17:07,089 --> 00:17:10,379 KT: Having your advice at my fingertips takes so much of 282 00:17:10,390 --> 00:17:14,139 KT: the stress away. Now, this is interesting. Listen to the, 283 00:17:14,150 --> 00:17:18,979 KT: the year ready. I've recently found myself helping my 80 284 00:17:18,989 --> 00:17:23,569 KT: year old parents with their retirement money. My question is 285 00:17:23,630 --> 00:17:27,339 KT: you say this market is the time to hold their stock. 286 00:17:27,349 --> 00:17:29,869 KT: So they have time to bounce back. 287 00:17:30,660 --> 00:17:34,430 KT: I understand that they should take the RMD from their 288 00:17:34,439 --> 00:17:38,569 KT: bond holdings. But when and how often should their stock 289 00:17:38,579 --> 00:17:43,459 KT: or bond allocations be rebalanced? My parents are scared that 290 00:17:43,469 --> 00:17:46,640 KT: they'll be losing so much. I'd like to help them 291 00:17:46,650 --> 00:17:50,400 KT: feel they're doing their best. So at 80 years old, 292 00:17:50,410 --> 00:17:52,800 KT: how do you advise Larissa. 293 00:17:53,650 --> 00:17:56,619 Suze: Yeah. So to keep them calm, here's the thing, everybody, 294 00:17:56,770 --> 00:18:00,579 Suze: when you have money in a retirement account, 295 00:18:01,219 --> 00:18:05,319 Suze: a traditional retirement account, a pre-tax one, not a Roth 296 00:18:05,329 --> 00:18:09,160 Suze: retirement account, because in a Roth retirement account, which is 297 00:18:09,170 --> 00:18:14,619 Suze: after tax, you don't need to take required minimum distributions. 298 00:18:14,630 --> 00:18:18,239 Suze: Once you attain a certain age, currently, that age is 299 00:18:18,250 --> 00:18:21,260 Suze: 73 in the next few years, it's going to go 300 00:18:21,270 --> 00:18:25,219 Suze: to 75 but there will come a time when you 301 00:18:25,229 --> 00:18:27,229 Suze: do have money in 302 00:18:27,680 --> 00:18:32,900 Suze: a traditional retirement account, meaning pre-tax and you have to 303 00:18:32,910 --> 00:18:38,609 Suze: start taking required minimum distributions out. So you can take 304 00:18:38,619 --> 00:18:42,750 Suze: them out however you want, you can take them out monthly, 305 00:18:42,760 --> 00:18:45,150 Suze: you can take them out once a year, you can 306 00:18:45,160 --> 00:18:47,629 Suze: do it every six months. You can do it in 307 00:18:47,640 --> 00:18:51,520 Suze: any amount of money that you want. You just have 308 00:18:51,530 --> 00:18:55,349 Suze: to take out whatever that amount needs to be 309 00:18:56,050 --> 00:19:01,329 Suze: in one year, you have to withdraw it. Otherwise there 310 00:19:01,339 --> 00:19:05,160 Suze: is a penalty. Now, the penalty used to be 50%. 311 00:19:05,550 --> 00:19:09,130 Suze: Now it's gone down to 25%. And if you do 312 00:19:09,140 --> 00:19:12,079 Suze: certain things, it can just be 10%. So it's not 313 00:19:12,089 --> 00:19:15,520 Suze: as big of a deal as it used to be. 314 00:19:15,530 --> 00:19:18,439 Suze: Got that everybody. However, 315 00:19:18,810 --> 00:19:21,910 Suze: do you take it from stocks or do you take 316 00:19:21,920 --> 00:19:26,708 Suze: it from bonds? Now, that interest rates have started to 317 00:19:26,719 --> 00:19:31,069 Suze: go down again? I would at this point let the 318 00:19:31,079 --> 00:19:36,688 Suze: bonds bounce back because probably your bonds took a bigger 319 00:19:36,699 --> 00:19:40,189 Suze: loss over the past few years, believe it or not, 320 00:19:40,199 --> 00:19:44,349 Suze: than your stocks. Because when interest rates go up, which 321 00:19:44,359 --> 00:19:45,770 Suze: they did over all these years, 322 00:19:46,285 --> 00:19:49,425 Suze: the value of bonds go down now that interest rates 323 00:19:49,435 --> 00:19:56,035 Suze: are going down, let those bonds increase in terms of stocks. 324 00:19:56,074 --> 00:19:59,834 Suze: What you should be looking at is, do you take 325 00:19:59,844 --> 00:20:03,915 Suze: the money that's in stocks? And do you purchase with 326 00:20:03,925 --> 00:20:06,614 Suze: it because it's in a retirement account? So you don't 327 00:20:06,625 --> 00:20:10,494 Suze: have to worry about a capital gains tax. Do you 328 00:20:10,505 --> 00:20:12,785 Suze: purchase stocks today 329 00:20:13,290 --> 00:20:17,359 Suze: that are paying you a great dividend yield, a yield 330 00:20:17,369 --> 00:20:22,119 Suze: of 5% 6% whatever it may be. And between the 331 00:20:22,130 --> 00:20:27,510 Suze: bond portfolio and the stock portfolio invested in dividends, does 332 00:20:27,520 --> 00:20:32,589 Suze: that give you enough income to meet the required minimum 333 00:20:32,599 --> 00:20:37,149 Suze: distribution so that you don't really have to sell anything? 334 00:20:37,589 --> 00:20:40,729 Suze: So those are the types of things that you need 335 00:20:40,739 --> 00:20:42,079 Suze: to look at. 336 00:20:42,589 --> 00:20:45,869 Suze: So you might want to sit down truthfully with a 337 00:20:45,880 --> 00:20:51,770 Suze: financial advisor, tell them exactly the situation and hopefully that 338 00:20:51,780 --> 00:20:56,489 Suze: financial advisor can figure it out for you. I wish 339 00:20:56,500 --> 00:20:58,609 Suze: I could do that for you, but I don't know 340 00:20:58,619 --> 00:21:02,699 Suze: enough about your particular situation and that's not exactly what 341 00:21:02,709 --> 00:21:06,810 Suze: I do anymore, but that's something that you should be 342 00:21:06,819 --> 00:21:07,540 Suze: looking at. 343 00:21:08,130 --> 00:21:10,180 Suze: I do it for you and me, KT. 344 00:21:11,400 --> 00:21:15,010 KT: This next question I chose because many of you don't 345 00:21:15,020 --> 00:21:19,430 KT: know this. But Susie has been advising military families for 346 00:21:19,439 --> 00:21:22,770 KT: decades and it's something she does pro bono and does 347 00:21:22,780 --> 00:21:25,510 KT: it with great joy we give back to the country. 348 00:21:25,530 --> 00:21:30,310 KT: So this topic, buy versus rent is something we've heard 349 00:21:30,319 --> 00:21:33,669 KT: over and over and over again from military families. And 350 00:21:33,680 --> 00:21:34,669 KT: here's the question, 351 00:21:35,000 --> 00:21:38,859 KT: Dear, Suze. We hope this email finds you. Well, we 352 00:21:38,869 --> 00:21:42,989 KT: currently live in Germany. We're here on my wife's military orders. 353 00:21:43,089 --> 00:21:46,979 KT: We'll be moving stateside in August 2024. 354 00:21:47,319 --> 00:21:50,879 KT: The big question is, do we rent or buy a 355 00:21:50,890 --> 00:21:55,420 KT: home for our next location which is in Portsmouth, Virginia 356 00:21:55,599 --> 00:21:57,819 KT: and we'll be there for at least three years. 357 00:21:57,829 --> 00:22:01,419 Suze: You absolutely rent. Don't even have to hear anything else. Right. 358 00:22:01,430 --> 00:22:04,660 Suze: This is not the time to be buying a house. 359 00:22:04,670 --> 00:22:06,859 Suze: I don't care how much money they have to put down. 360 00:22:06,869 --> 00:22:08,500 Suze: I don't care anything like that. 361 00:22:09,030 --> 00:22:14,149 Suze: In my opinion, the value of homes very well in 362 00:22:14,160 --> 00:22:17,530 Suze: many places may start to come down. I don't care 363 00:22:17,540 --> 00:22:20,790 Suze: what all the other pundits say. There is more and 364 00:22:20,800 --> 00:22:23,869 Suze: more of a waiting time when somebody puts their house 365 00:22:23,880 --> 00:22:28,209 Suze: on the market, there is more inventory happening. I get 366 00:22:28,219 --> 00:22:32,219 Suze: the mortgage interest rates are starting to come down as well. 367 00:22:32,319 --> 00:22:34,270 Suze: You know, you can do a 30 year mortgage right 368 00:22:34,280 --> 00:22:36,469 Suze: now for about 7.4%. 369 00:22:36,709 --> 00:22:41,140 Suze: So it has sparked more interest, but we're still down 19% 370 00:22:41,150 --> 00:22:45,250 Suze: from a year ago of mortgage applications. Three years is 371 00:22:45,260 --> 00:22:47,810 Suze: not enough. If you told me this is where you 372 00:22:47,819 --> 00:22:50,780 Suze: were gonna move forever. Maybe I would say something differently 373 00:22:50,790 --> 00:22:53,500 Suze: you are to rent, period. Next question, KT 374 00:22:53,890 --> 00:22:57,020 KT: Suze, the next question I have was posted on the 375 00:22:57,030 --> 00:22:59,729 KT: Women and Money Wall. It's from Haven Hollow. 376 00:23:00,010 --> 00:23:04,448 KT: Your podcast as usual was very inspiring. But we're hoping 377 00:23:04,459 --> 00:23:09,719 KT: to hear some of your sage specific financial guidance. What 378 00:23:09,729 --> 00:23:13,530 KT: in your opinion should we be doing now? Shorter term 379 00:23:13,540 --> 00:23:17,609 KT: clarity has the higher rates. The market is raging up 380 00:23:17,619 --> 00:23:21,790 KT: while treasury's rates are dropping. Should we be locking in 381 00:23:21,800 --> 00:23:24,790 KT: the 30 year rate as it drops? At least for now. 382 00:23:25,094 --> 00:23:28,045 Suze: Stop, stop, stop. Right. I get what this person Haven 383 00:23:28,055 --> 00:23:31,685 Suze: Hollow is saying. Haven. Here's what you need to understand. 384 00:23:31,694 --> 00:23:33,084 KT: Wait, we don't know if the name's... 385 00:23:34,025 --> 00:23:38,925 Suze: well, whatever her name is, whoever you are. Haven Hollow, 386 00:23:39,055 --> 00:23:43,244 Suze: which is, if you had listened carefully to the podcast 387 00:23:43,255 --> 00:23:47,444 Suze: over the past few months, you would have heard exactly 388 00:23:47,505 --> 00:23:49,604 Suze: what I had wanted you to do. 389 00:23:49,939 --> 00:23:53,959 Suze: You would have heard exactly that I said interest rates 390 00:23:53,969 --> 00:23:58,630 Suze: on treasuries were going to start to come down. You 391 00:23:58,640 --> 00:24:03,800 Suze: would have heard exactly the stocks that I liked. If 392 00:24:03,810 --> 00:24:06,369 Suze: you had listened to me on CNBC, you would have 393 00:24:06,380 --> 00:24:10,199 Suze: heard exactly the stocks that I wanted everybody to buy 394 00:24:10,469 --> 00:24:14,109 Suze: picks and they're up anywhere from 15 to 30% in 395 00:24:14,119 --> 00:24:18,680 Suze: a month. All right. So you have to stay tuned. 396 00:24:19,020 --> 00:24:23,040 Suze: You can't just pick and choose which podcast you wanna 397 00:24:23,050 --> 00:24:27,170 Suze: listen to. You have to listen to them all seriously 398 00:24:27,180 --> 00:24:30,750 Suze: because you never know when I am going to say something. 399 00:24:30,920 --> 00:24:34,810 Suze: So on Sunday, I will go over it, but I 400 00:24:34,819 --> 00:24:38,790 Suze: will on Sunday also reiterate why I think it is 401 00:24:38,800 --> 00:24:40,409 Suze: incredibly important 402 00:24:40,739 --> 00:24:44,750 Suze: that you take advantage of the 18 month certificate of 403 00:24:44,760 --> 00:24:51,739 Suze: deposit at Alliant Credit Union paying either 5.3% or 5.35%. 404 00:24:51,750 --> 00:24:55,719 Suze: Take a look, everybody at what two year treasuries are 405 00:24:55,729 --> 00:24:56,839 Suze: paying right now. 406 00:24:57,469 --> 00:25:04,050 Suze: They are at approximately 4.6%. Are you kidding me? So 407 00:25:04,060 --> 00:25:08,349 Suze: remember with an 18 month CD at Alliant, you can 408 00:25:08,359 --> 00:25:11,239 Suze: lock it in for 23 months, you can do it 409 00:25:11,250 --> 00:25:14,810 Suze: 18 months, 19 months, 20 months, whatever you want up 410 00:25:14,819 --> 00:25:19,290 Suze: to 23 months. So now we're comparing apples and apples 411 00:25:19,300 --> 00:25:22,760 Suze: and I'll talk more about that on Sunday. But I 412 00:25:22,770 --> 00:25:25,979 Suze: told you interest rates I thought were going to start 413 00:25:25,989 --> 00:25:27,239 Suze: to come down. 414 00:25:27,760 --> 00:25:31,239 Suze: So I told you to start dipping your toes into 415 00:25:31,250 --> 00:25:34,079 Suze: the 30 year treasury. Now, if you had, you would 416 00:25:34,089 --> 00:25:37,229 Suze: be up five or 6% on them already, but I'll 417 00:25:37,239 --> 00:25:39,500 Suze: go into it a little more on Sunday. 418 00:25:40,000 --> 00:25:42,719 Suze: But it's true, KT, I know I may sound stern 419 00:25:42,849 --> 00:25:46,910 Suze: but I have answered all of these things that Haven 420 00:25:46,920 --> 00:25:50,660 Suze: Hollow is talking about. They just must not have listened 421 00:25:50,670 --> 00:25:56,319 Suze: to them and not everything, not everything needs updating constantly. 422 00:25:56,329 --> 00:25:57,698 Suze: If I'm gonna change it 423 00:25:57,790 --> 00:26:01,479 Suze: advice, then I'll change it. If I'm not changing my advice, 424 00:26:01,489 --> 00:26:03,849 Suze: why repeat it. All right. Next question, KT. 425 00:26:03,859 --> 00:26:06,810 KT: Suze. Instead of doing a quizzy today, these are such 426 00:26:06,819 --> 00:26:10,650 KT: great questions and they're very, very current and relevant. So 427 00:26:10,979 --> 00:26:14,410 KT: forget the quizzy everybody. Let's just get some good advice in, 428 00:26:14,420 --> 00:26:15,479 KT: in our little heads. 429 00:26:16,089 --> 00:26:17,669 KT: This is from FC. 430 00:26:18,479 --> 00:26:23,020 KT: Is it true that maximum contributions are going up for 431 00:26:23,030 --> 00:26:29,760 KT: the 401k TSP 403 B, et cetera in 2024. If so, Suze, 432 00:26:29,770 --> 00:26:32,790 KT: to what amounts is that a good thing? 433 00:26:33,400 --> 00:26:34,900 Suze: It's a great thing. It's a great thing. 434 00:26:34,984 --> 00:26:38,563 Suze: Yes, they're going up again. I will address this on 435 00:26:38,574 --> 00:26:43,925 Suze: Sunday in great detail on Suze's school. Everything that has 436 00:26:43,935 --> 00:26:48,285 Suze: changed looks like it's going up substantially, which is great. 437 00:26:48,535 --> 00:26:49,704 Suze: That's good. All right. Go on. 438 00:26:50,135 --> 00:26:53,385 KT: All right, next question, Suze. I know you're a big 439 00:26:53,395 --> 00:26:57,145 KT: fan of dental saving plans and you also use them. 440 00:26:57,155 --> 00:27:00,135 KT: So my big question and, and this is coming up 441 00:27:00,145 --> 00:27:03,564 KT: a lot because of all of the um Medicare enrollment 442 00:27:04,229 --> 00:27:06,609 KT: time of the year. It said, can I use a 443 00:27:06,619 --> 00:27:11,280 KT: dental savings plan alongside my original Medicare plan? 444 00:27:11,290 --> 00:27:15,219 Suze: So not only can you, but you should, for those 445 00:27:15,229 --> 00:27:18,899 Suze: of you who don't know, a dental savings plan is 446 00:27:18,910 --> 00:27:22,169 Suze: usually offered by all of the companies, by the way, 447 00:27:22,180 --> 00:27:27,500 Suze: that also offer dental insurance, but there is no waiting time. 448 00:27:27,510 --> 00:27:30,859 Suze: It is far less expensive. You can save anywhere from 449 00:27:30,955 --> 00:27:36,985 Suze: 10 to 60% on dental procedures. It is fabulous. If 450 00:27:36,994 --> 00:27:41,985 Suze: I were you, I would go to dental plans.com and 451 00:27:41,994 --> 00:27:44,494 Suze: take a look at it. Now you will see my 452 00:27:44,505 --> 00:27:49,296 Suze: picture there because for years and years I've been an 453 00:27:49,306 --> 00:27:54,984 Suze: advocate of dental savings plans. I have one. It has 454 00:27:54,994 --> 00:27:57,775 Suze: saved me thousands of dollars this year and I think 455 00:27:57,786 --> 00:27:57,806 Suze: it 456 00:27:57,871 --> 00:28:01,911 Suze: cost me and KT $180 a year, I think. 457 00:28:02,781 --> 00:28:06,462 Suze: No, I think it's maybe, but the two of us 458 00:28:06,881 --> 00:28:09,552 Suze: and it's something that every single one of you should 459 00:28:09,561 --> 00:28:13,141 Suze: check out and use. Even if you have Medicare and 460 00:28:13,151 --> 00:28:16,491 Suze: Medicare advantage with dental. Go on. KT. 461 00:28:17,102 --> 00:28:20,761 KT: Next question, Suze. Huge fan for years. But I need 462 00:28:20,771 --> 00:28:24,031 KT: a favor. I need you to tell me what to 463 00:28:24,041 --> 00:28:24,640 KT: do 464 00:28:25,810 --> 00:28:29,689 KT: in January 2021. I made a decision that I would 465 00:28:29,699 --> 00:28:34,050 KT: take $2000 a year and every first week in January 466 00:28:34,089 --> 00:28:39,750 KT: and July, I would put 1000 into ARKK and that's ARK. 467 00:28:39,760 --> 00:28:42,969 KT: That's a ETF that I loved and still do. And 468 00:28:42,979 --> 00:28:48,300 KT: my Roth Ira as of now, I've invested $6000 and 469 00:28:48,310 --> 00:28:52,869 KT: I own 100 and three shares of ARK worth about 5000. 470 00:28:53,060 --> 00:28:54,359 KT: Here's the question. 471 00:28:54,640 --> 00:28:58,800 KT: Should I continue putting 1000 every six months into it 472 00:28:58,810 --> 00:29:02,079 KT: or sell it or just keep it? But Suze, I 473 00:29:02,089 --> 00:29:05,579 KT: do not need this money right now. What should I do? 474 00:29:05,930 --> 00:29:08,270 Suze: That's a quizzy. What should she do? What do you think? 475 00:29:08,280 --> 00:29:13,729 KT: Just keep going, keep going, keep investing. Absolutely. But I 476 00:29:13,750 --> 00:29:15,030 KT: don't know how old it... 477 00:29:15,109 --> 00:29:15,910 Suze: Doesn't matter. 478 00:29:16,390 --> 00:29:20,329 KT: Just keep doing it. Listen, everybody wait, did I? Is 479 00:29:20,339 --> 00:29:20,780 KT: it right? 480 00:29:21,185 --> 00:29:24,704 Suze: It is. Right. Ding, ding, ding. But you don't know 481 00:29:24,714 --> 00:29:26,915 Suze: why it was? Right. So, I don't know how good 482 00:29:26,925 --> 00:29:31,194 Suze: that is, but here's what you need to understand when, 483 00:29:31,204 --> 00:29:34,074 Suze: whose name is this? It doesn't have no name. So 484 00:29:34,084 --> 00:29:38,234 Suze: sometimes people writing, go no name. Anyway, here's what all 485 00:29:38,244 --> 00:29:40,964 Suze: of you who happen to purchase ARK, that's the Ark 486 00:29:40,974 --> 00:29:43,935 Suze: Innovation Fund again. Symbol is a ARKK 487 00:29:44,339 --> 00:29:49,050 Suze: a few years ago about in 2021. When this person 488 00:29:49,060 --> 00:29:53,910 Suze: started to buy ARKK, it was the number one ETF 489 00:29:53,920 --> 00:29:56,770 Suze: out there, it had gone up to like 100 and 490 00:29:56,780 --> 00:30:00,750 Suze: $50 a share, which is, I'm sure where this person, 491 00:30:00,760 --> 00:30:03,420 Suze: if they started in January 2021 492 00:30:03,689 --> 00:30:08,560 Suze: that's how much they paid in January of 2021. But 493 00:30:08,589 --> 00:30:13,099 Suze: as time went on this fund went seriously out of 494 00:30:13,109 --> 00:30:17,189 Suze: favor and it actually went all the way down to 495 00:30:17,199 --> 00:30:21,069 Suze: $30 a share. Ok. 496 00:30:21,829 --> 00:30:25,849 Suze: Now, however, and remember this person is putting in $1000 497 00:30:25,859 --> 00:30:32,420 Suze: every six months. So now Arc is right around 4849 498 00:30:32,430 --> 00:30:37,290 Suze: $50 a share. Again. Now, this person has 100 and 499 00:30:37,300 --> 00:30:42,270 Suze: three shares and they have about $5000. So that's why 500 00:30:42,280 --> 00:30:46,020 Suze: dollar cost averaging by the way is so important if 501 00:30:46,030 --> 00:30:50,339 Suze: she had just put in all $6000 at 100 $50 502 00:30:50,349 --> 00:30:50,920 Suze: a share. 503 00:30:51,599 --> 00:30:55,109 Suze: Good luck recouping that. All right. But on the Women 504 00:30:55,119 --> 00:30:57,479 Suze: and Money podcast, I have said to all of you, 505 00:30:57,489 --> 00:31:00,989 Suze: if you are going to invest, you have to do 506 00:31:01,000 --> 00:31:06,420 Suze: it over time. That's called dollar cost averaging. Ok. But 507 00:31:06,430 --> 00:31:08,000 Suze: what should she do now 508 00:31:08,359 --> 00:31:11,640 Suze: if you look at ARKK, believe it or not, it 509 00:31:11,650 --> 00:31:16,609 Suze: is making a comeback. I wouldn't be surprised if it 510 00:31:16,619 --> 00:31:20,459 Suze: just stays around here for right now and consolidates, but 511 00:31:20,469 --> 00:31:25,020 Suze: it's absolutely turning around and it's looking like it's going 512 00:31:25,030 --> 00:31:29,979 Suze: up for a long time. It's next resistance level 513 00:31:30,280 --> 00:31:32,339 Suze: and you all know what I mean by that. If 514 00:31:32,349 --> 00:31:36,630 Suze: not listen to a past podcast is 54. So it 515 00:31:36,640 --> 00:31:41,670 Suze: should easily over the next whatever time make it to 54. 516 00:31:41,680 --> 00:31:45,280 Suze: If it breaks it through 54 it could just go 517 00:31:45,290 --> 00:31:48,859 Suze: on and on. But if it makes it 254 you'll 518 00:31:48,869 --> 00:31:52,099 Suze: be at $5400. If it 519 00:31:52,199 --> 00:31:56,060 Suze: keeps going eventually, you'll be at 6000 and you will 520 00:31:56,069 --> 00:31:58,660 Suze: start to make a profit. You have stuck with it 521 00:31:58,670 --> 00:32:02,859 Suze: this far now is not the time to get rid 522 00:32:02,869 --> 00:32:06,239 Suze: of it. However, I will not continue to dollar cost 523 00:32:06,250 --> 00:32:10,739 Suze: average into it because if you do as it goes up, 524 00:32:10,770 --> 00:32:13,250 Suze: you pay more for it. Hey, if it goes back 525 00:32:13,260 --> 00:32:14,020 Suze: down again, 526 00:32:14,530 --> 00:32:16,760 Suze: maybe you can do that, but I would just leave 527 00:32:16,770 --> 00:32:20,689 Suze: it for now and go into other things. All right, 528 00:32:20,699 --> 00:32:22,839 Suze: Miss Travis. How is that? 529 00:32:22,969 --> 00:32:25,719 KT: That was good. That's a whole lot of advice everybody. 530 00:32:25,729 --> 00:32:27,989 KT: So you might listen to this one twice. 531 00:32:28,160 --> 00:32:30,650 Suze: Oh, and we'll let this one go a little bit 532 00:32:30,660 --> 00:32:36,339 Suze: longer than normal. Only because why we took up a 533 00:32:36,349 --> 00:32:38,520 Suze: lot of time with the tournament facts 534 00:32:38,729 --> 00:32:39,430 Suze: and figures... 535 00:32:39,439 --> 00:32:41,030 KT: Go look at that winning fish 536 00:32:41,300 --> 00:32:46,939 Suze: And I will post that today. And until Sunday, when 537 00:32:46,949 --> 00:32:49,729 Suze: I will be reiterating what I think is happening with 538 00:32:49,739 --> 00:32:53,890 Suze: interest rates, why all of you should absolutely be purchasing 539 00:32:54,020 --> 00:32:58,569 Suze: the 18 month certificate of deposit with Alliant Credit Union. 540 00:32:58,579 --> 00:33:01,140 Suze: You do that by the way, by going to my 541 00:33:01,359 --> 00:33:02,729 Suze: alliant.com 542 00:33:03,040 --> 00:33:06,790 Suze: and I'll also be updating you on all the new 543 00:33:06,800 --> 00:33:11,979 Suze: figures for retirement accounts in terms of contribution levels as 544 00:33:11,989 --> 00:33:17,520 Suze: well as adjusted gross income levels if you qualify or not. So, 545 00:33:17,530 --> 00:33:19,709 Suze: KT what do we want to tell everybody 546 00:33:19,719 --> 00:33:23,180 KT: We want to say today, Wherever I go, I will 547 00:33:23,189 --> 00:33:27,949 KT: create a more peaceful, joyful and loving world. 548 00:33:27,959 --> 00:33:31,290 Suze: And if you say that every single day, 549 00:33:31,630 --> 00:33:37,770 Suze: we promise you you will be unstoppable.