1 00:00:46,450 --> 00:00:51,270 Suze: December 8th, 2024. Welcome everybody to the Women and Money podcast. 2 00:00:51,279 --> 00:00:55,029 Suze: As well as everybody is smart enough to listen. Today 3 00:00:55,040 --> 00:01:00,590 Suze: is supposedly always Suze School, but instead today is going 4 00:01:00,599 --> 00:01:06,120 Suze: to be sisters school, what a family learns from one 5 00:01:06,129 --> 00:01:06,849 Suze: another 6 00:01:07,319 --> 00:01:13,300 Suze: when they grow up with Suze Orman. So KT take 7 00:01:13,309 --> 00:01:13,980 Suze: it away. 8 00:01:13,989 --> 00:01:14,379 KT: Ok. 9 00:01:14,389 --> 00:01:19,739 KT: So we have here in the studio, Barbara Travis Race, 10 00:01:19,750 --> 00:01:24,309 KT: my youngest sister and the mother of Travis and Sophia. 11 00:01:24,319 --> 00:01:27,239 KT: And you've heard Suze and I talk forever about our 12 00:01:27,250 --> 00:01:30,639 KT: niece and nephew Travis and Sophia who grew up with 13 00:01:30,650 --> 00:01:34,139 KT: us and we had many, many life lessons with them. 14 00:01:34,410 --> 00:01:37,220 KT: But Barbara, the mommy's here and we're gonna have a 15 00:01:37,230 --> 00:01:41,309 KT: little Suze School to answer the big question that I 16 00:01:41,319 --> 00:01:44,360 KT: read over and over again on the email, which is 17 00:01:44,709 --> 00:01:47,959 KT: if only I had a Suze Orman, if only I 18 00:01:47,970 --> 00:01:50,669 KT: knew Suze 20 years ago, if only 19 00:01:50,750 --> 00:01:53,260 KT: Suze was in my life to help me with my 20 00:01:53,269 --> 00:01:57,650 KT: money when I didn't know anything. So here we are 21 00:01:57,660 --> 00:02:00,949 Suze: and I always say, be careful what you wish for 22 00:02:01,550 --> 00:02:06,290 Suze: may be true. And so as easy as it may 23 00:02:06,300 --> 00:02:09,970 Suze: seem to have me there because I simply tell you 24 00:02:09,979 --> 00:02:13,119 Suze: what to do in everything. Barbara, 25 00:02:13,800 --> 00:02:17,429 Suze: first of all, we love you so much. We're so 26 00:02:17,520 --> 00:02:21,538 Suze: happy you're here. But out of the 20 some odd 27 00:02:21,550 --> 00:02:25,740 Suze: years now, almost 24, 25 years that we've been together, 28 00:02:26,720 --> 00:02:30,220 Suze: love is something that every single person can give to 29 00:02:30,229 --> 00:02:35,240 Suze: a family member if they want to. But financially speaking, 30 00:02:42,699 --> 00:02:48,229 Suze: right. And the, the financial lessons, truly, everybody started with 31 00:02:48,240 --> 00:02:51,770 Suze: Sophia when she was three, playing with her little doll 32 00:02:51,779 --> 00:02:55,869 Suze: with a cash register in her bedroom. So as you 33 00:02:55,880 --> 00:02:58,699 Suze: think back on the 20 some odd years that we've 34 00:02:58,710 --> 00:03:01,449 Suze: been together, what is the hardest thing that you've had 35 00:03:01,460 --> 00:03:05,869 Suze: to face financially in your life because of me, 36 00:03:07,110 --> 00:03:11,928 Barbara: I think that you have to stand in your own truth. 37 00:03:13,229 --> 00:03:16,020 Barbara: When we ask for your advice, you better be ready 38 00:03:16,029 --> 00:03:19,910 Barbara: to receive it. That's that. And the other thing too 39 00:03:19,919 --> 00:03:25,210 Barbara: is I say if you follow your advice, it works, 40 00:03:26,179 --> 00:03:29,758 Barbara: but you really have to be ready to receive it. 41 00:03:29,770 --> 00:03:33,270 Barbara: And the other thing too is your aunt, you know, 42 00:03:33,279 --> 00:03:37,220 Barbara: you're Suze Orman. But to my kids, your Aunt Suze 43 00:03:37,830 --> 00:03:38,770 Barbara: and you, 44 00:03:39,509 --> 00:03:43,169 Barbara: when you met um, Travis and Sophia, they were very, 45 00:03:43,179 --> 00:03:47,130 Barbara: very young. You treated them with respect as adults and 46 00:03:47,139 --> 00:03:49,729 Barbara: you gave them life lessons right off the bat. 47 00:03:50,389 --> 00:03:52,649 Barbara: I'm not saying that they received it, 48 00:03:53,529 --> 00:03:55,270 Suze: But financial life lessons. 49 00:03:55,369 --> 00:03:55,929 Barbara: Yes. 50 00:03:56,839 --> 00:03:59,550 Barbara: And I'll tell you the very first one and I'll 51 00:03:59,559 --> 00:04:01,919 Barbara: tell you how it translates with a little three year 52 00:04:01,949 --> 00:04:04,149 Barbara: old need versus want... 53 00:04:05,240 --> 00:04:09,710 Barbara: need versus want. And how that sometimes in the beginning 54 00:04:09,720 --> 00:04:13,789 Barbara: would translate is that, you know, it was a repetition, repetition, repetition. 55 00:04:13,800 --> 00:04:18,510 Barbara: And I remember Sophia when she was in preschool said 56 00:04:18,519 --> 00:04:22,709 Barbara: mommy and daddy, I don't need ice cream, but I 57 00:04:22,720 --> 00:04:24,950 Barbara: really want ice cream. 58 00:04:25,869 --> 00:04:29,779 Barbara: Another one that Kathy had mentioned, which is true. And 59 00:04:29,790 --> 00:04:31,579 Barbara: this is where you just think it's kind of funny 60 00:04:31,589 --> 00:04:35,619 Barbara: with kids. Is that remember when Sophia swallowed the penny, 61 00:04:35,899 --> 00:04:36,920 Suze: Tell the story. Barb, 62 00:04:37,390 --> 00:04:37,600 KT: She was, 63 00:04:38,070 --> 00:04:39,859 KT: she was little. She could hardly, 64 00:04:39,869 --> 00:04:41,339 Suze: she was like five or six. 65 00:04:41,700 --> 00:04:41,789 Barbara: No, 66 00:04:42,049 --> 00:04:44,539 Barbara: no, no, no, no, no, no, no, no, no. She 67 00:04:44,549 --> 00:04:47,690 Barbara: was like three or four. She was in preschool. She 68 00:04:47,700 --> 00:04:51,058 Barbara: was very young and she Sophia swallowed a penny. She 69 00:04:51,070 --> 00:04:52,779 Barbara: was so little. We were in the kitchen 70 00:04:53,428 --> 00:04:57,049 Barbara: and she said, Mommy, I swallowed a penny and she said, 71 00:04:57,059 --> 00:05:00,209 Barbara: can we call Aunt Suze? She knows a lot about money. 72 00:05:00,420 --> 00:05:04,190 Barbara: And so we said, ok, so we picked up the phone, 73 00:05:04,200 --> 00:05:07,029 Barbara: we call then Aunt Suze and Aunt Kathy always answer 74 00:05:07,040 --> 00:05:07,769 Barbara: too by the way. 75 00:05:08,799 --> 00:05:12,459 Barbara: And she told them the story about how she swallowed 76 00:05:12,470 --> 00:05:16,200 Barbara: a penny, which was, you were very, very cute about it. 77 00:05:16,209 --> 00:05:16,540 Barbara: But 78 00:05:16,820 --> 00:05:17,260 Barbara: that's a 79 00:05:17,269 --> 00:05:18,459 Barbara: classic. 80 00:05:18,570 --> 00:05:20,839 Suze: Yeah. But what I said to Sophia, I said, so 81 00:05:20,850 --> 00:05:24,219 Suze: you do realize you just wasted a penny. I wasn't 82 00:05:24,230 --> 00:05:27,919 Suze: freaked about it. I said, don't worry, it'll come out. 83 00:05:27,928 --> 00:05:32,040 Suze: Everything will be ok. But you just wasted a penny 84 00:05:32,369 --> 00:05:36,140 Suze: and she said something to the effect of, but Aunt Suze, 85 00:05:36,190 --> 00:05:40,279 Suze: it's just a penny. So, yeah. So, like, it's not 86 00:05:40,290 --> 00:05:41,829 Suze: a big deal. Do you remember what I made you 87 00:05:41,839 --> 00:05:42,880 Suze: do after that? 88 00:05:43,329 --> 00:05:49,450 Suze: You had to go and pay for everything in pennies. Sophia, 89 00:05:49,579 --> 00:05:52,440 Suze: they'd go to the store, they'd pay everything in pennies. 90 00:05:52,450 --> 00:05:55,799 Suze: Barbara would have to count it out. Finally. Sophia said, ok, 91 00:05:55,809 --> 00:05:58,019 Suze: I get it. I get it. All right. 92 00:05:58,029 --> 00:05:58,279 Barbara: Do 93 00:05:58,290 --> 00:06:00,839 Barbara: you remember this one? This is a big one. This 94 00:06:00,850 --> 00:06:01,969 Barbara: is a big one. When 95 00:06:03,230 --> 00:06:05,849 Barbara: Travis was five. He was either in, he was in 96 00:06:05,859 --> 00:06:06,640 Barbara: kindergarten 97 00:06:07,359 --> 00:06:11,159 Barbara: and, um, Don, my husband was out of town and 98 00:06:11,170 --> 00:06:14,380 Barbara: Sophia was, they were really, really young and I ordered pizza, 99 00:06:14,390 --> 00:06:19,170 Barbara: I told Suze this and she's like, oh, I got 100 00:06:19,178 --> 00:06:21,219 Barbara: schooled so hard on this one. 101 00:06:22,329 --> 00:06:25,279 Barbara: So I ordered a pizza and I didn't have any 102 00:06:25,290 --> 00:06:31,229 Barbara: cash to pay. So I went into Travis's little safe 103 00:06:31,238 --> 00:06:32,089 Barbara: that he has. 104 00:06:32,109 --> 00:06:32,720 Suze: Piggy bank. 105 00:06:32,730 --> 00:06:34,868 Barbara: Yeah, his piggy bank. It was. No, it's like a 106 00:06:34,880 --> 00:06:37,369 Barbara: little metal box. And I bought, I said, Travis, I'm 107 00:06:37,380 --> 00:06:40,709 Barbara: gonna borrow money. Oh my gosh. It set off sirens 108 00:06:40,720 --> 00:06:41,230 Barbara: with Suze. 109 00:06:41,910 --> 00:06:43,790 Barbara: And we, I used that and I said, I'll pay 110 00:06:43,799 --> 00:06:47,630 Barbara: you back. Well, I went back into Travis's room and 111 00:06:47,640 --> 00:06:50,729 Barbara: he had taken rope and remember 112 00:06:50,738 --> 00:06:52,760 Barbara: that at 113 00:06:52,769 --> 00:06:54,600 Barbara: five and he was really good at tying 114 00:06:55,059 --> 00:06:56,700 Barbara: and he roped his 115 00:06:56,709 --> 00:06:58,769 KT: He tied the side, the box around the leg... 116 00:06:59,279 --> 00:07:03,519 Barbara: The leg of his bed. And Suze said, don't you 117 00:07:03,529 --> 00:07:08,000 Barbara: don't ever do that because he lose trust. 118 00:07:08,010 --> 00:07:09,220 Suze: Did you ever pay him back? 119 00:07:09,230 --> 00:07:10,179 Barbara: Of course, 120 00:07:10,660 --> 00:07:12,209 Suze: at least you paid him back. 121 00:07:12,399 --> 00:07:12,959 KT: I love 122 00:07:12,970 --> 00:07:15,089 KT: that Travis absolutely 123 00:07:15,203 --> 00:07:18,842 KT: took ownership of that money. It was his money and 124 00:07:18,852 --> 00:07:22,983 KT: it was in his safe. And I remember seeing that 125 00:07:22,993 --> 00:07:26,393 KT: leg of the bed tied with all this string and rope, 126 00:07:26,403 --> 00:07:29,733 KT: like knots everywhere and he felt this is the only 127 00:07:29,743 --> 00:07:32,442 KT: way to keep it secure. Then there was another lesson 128 00:07:32,453 --> 00:07:35,382 KT: after that. But Aunt Suze at one 129 00:07:35,466 --> 00:07:39,835 KT: point said Travis to keep your money really safe, we 130 00:07:39,846 --> 00:07:42,985 KT: need to bring it to the bank. Do you remember that? 131 00:07:43,026 --> 00:07:44,115 Suze: He didn't want to. 132 00:07:44,126 --> 00:07:46,135 Barbara: He wanted to keep it in the box. 133 00:07:46,246 --> 00:07:46,536 Suze: He didn't 134 00:07:46,656 --> 00:07:51,246 Suze: understand that. So what's important about that lesson? Everybody is 135 00:07:51,256 --> 00:07:55,566 Suze: until a child is ready to relinquish their money 136 00:07:55,859 --> 00:08:01,950 Suze: and they understand handing it over to a bank. Don't, right. 137 00:08:01,989 --> 00:08:05,950 Suze: But it's eventually he was ready and he understood that. 138 00:08:06,269 --> 00:08:11,390 Suze: What I loved mainly my favorite story about Travis was 139 00:08:11,399 --> 00:08:14,420 Suze: he was really into Power Rangers. Do you remember that? 140 00:08:15,170 --> 00:08:15,690 Suze: And 141 00:08:16,480 --> 00:08:20,709 Suze: that was driving me crazy because Power Rangers were expensive 142 00:08:20,720 --> 00:08:25,390 Suze: back then, right? So eventually he got to the point 143 00:08:25,399 --> 00:08:29,989 Suze: where he wasn't playing with those power rangers. He got 144 00:08:30,000 --> 00:08:32,270 Suze: older and they were just there. 145 00:08:32,650 --> 00:08:34,830 Suze: So I said Travis, go get me all of your 146 00:08:34,840 --> 00:08:40,340 Suze: Power Rangers and I had cash and I think the 147 00:08:40,349 --> 00:08:43,989 Suze: Power Rangers, he had four of them were $25 a piece. 148 00:08:44,289 --> 00:08:48,919 Suze: So I said, I put out $100 on the table. 149 00:08:48,929 --> 00:08:50,950 Suze: I said, so Travis tell me, now, 150 00:08:51,510 --> 00:08:55,799 Suze: would you rather have the Power Rangers that you have, 151 00:08:55,900 --> 00:08:59,140 Suze: or the $100 in cash? And he said, oh, no, 152 00:08:59,150 --> 00:09:02,260 Suze: Aunt Suze, I want the $100. And I swooped up 153 00:09:02,270 --> 00:09:04,409 Suze: the $100. And I said, well, that's too bad because 154 00:09:04,419 --> 00:09:05,809 Suze: you have the Power Rangers. 155 00:09:05,979 --> 00:09:09,770 Barbara: Between you and Kathy. And just our families, we really talk, 156 00:09:09,780 --> 00:09:13,150 Barbara: we learned to talk through things before we would go 157 00:09:13,159 --> 00:09:16,869 Barbara: to a store. For example, like, remember the restaurant when 158 00:09:16,880 --> 00:09:19,409 Barbara: we went to the restaurant? That was so funny. 159 00:09:19,700 --> 00:09:21,710 Barbara: So was it 20? It 160 00:09:21,719 --> 00:09:23,780 Suze: It was, $50 161 00:09:24,080 --> 00:09:28,940 Suze: a card. Nobody was allowed to bring any. 162 00:09:29,739 --> 00:09:34,320 KT: I need to explain things. We were in Florida every summer, 163 00:09:34,559 --> 00:09:37,679 KT: Barbara and Don, who lived in California and the kids 164 00:09:37,690 --> 00:09:41,229 KT: would come to Florida and spend a good portion of 165 00:09:41,239 --> 00:09:42,159 KT: the summer and spend 166 00:09:42,474 --> 00:09:46,215 KT: in July with us. They lived with us in a 167 00:09:46,275 --> 00:09:47,994 KT: little condo - two 168 00:09:48,455 --> 00:09:49,465 KT: bedroom condo. 169 00:09:49,974 --> 00:09:53,684 KT: And many lessons were learned and I mean, life went 170 00:09:53,695 --> 00:09:56,984 KT: on every morning and every morning there'd be, you know, 171 00:09:56,994 --> 00:10:00,744 KT: lessons with Aunt Suze and Aunt Kathy in any event, um, 172 00:10:00,835 --> 00:10:02,664 KT: Suze had this idea. 173 00:10:04,994 --> 00:10:07,863 Barbara: No - We wanted to take as a thank you. 174 00:10:08,294 --> 00:10:11,885 Barbara: We wanted to take Kathy and Suze to dinner 175 00:10:12,390 --> 00:10:16,309 Barbara: and Suze. So remember the summer we're with you, we 176 00:10:16,320 --> 00:10:20,039 Barbara: always cooked. We cooked all. We make our snacks, our breakfast, 177 00:10:20,049 --> 00:10:20,270 Barbara: lunch and dinner. 178 00:10:20,280 --> 00:10:21,929 Suze: Because we don't go out to eat. 179 00:10:22,770 --> 00:10:27,140 Barbara: I mean, we wanted to thank you and take you 180 00:10:27,150 --> 00:10:28,169 Barbara: out to dinner. And 181 00:10:29,429 --> 00:10:32,849 Barbara: I mean, I'm being perfectly honest, you got so mad. 182 00:10:32,859 --> 00:10:35,539 Barbara: You were like, no, no, no, no, we're not gonna 183 00:10:35,549 --> 00:10:38,330 Barbara: do it this way. But then you come up with 184 00:10:38,340 --> 00:10:39,210 Barbara: this idea 185 00:10:40,099 --> 00:10:43,419 Barbara: is we're gonna take $50 and we're gonna go to 186 00:10:43,429 --> 00:10:45,679 Barbara: that restaurant. I forget the name of it at the 187 00:10:45,690 --> 00:10:46,900 Barbara: end of the street in Florida 188 00:10:46,909 --> 00:10:47,569 KT: JB'S 189 00:10:47,590 --> 00:10:50,150 Barbara: JB'S. It was the funniest 190 00:10:50,159 --> 00:10:50,520 Barbara: thing. 191 00:10:50,530 --> 00:10:51,700 Suze: And we bought a gift card. 192 00:10:52,010 --> 00:10:54,559 Barbara: Yeah, but remember we're sitting around the table and this 193 00:10:54,570 --> 00:10:57,080 Barbara: is Suze, so patient as a Saint 194 00:10:57,609 --> 00:11:00,189 Barbara: we had, we, we, you know, 195 00:11:00,200 --> 00:11:00,479 Suze: None 196 00:11:00,489 --> 00:11:05,099 Suze: of us had any cash on us. Just one card. Wait, listen, 197 00:11:05,309 --> 00:11:10,570 Suze: it doesn't matter just one card for $50. So if 198 00:11:10,580 --> 00:11:12,950 Suze: we went over that amount, we couldn't have paid for it. 199 00:11:12,960 --> 00:11:14,390 Barbara: And there were six of us. 200 00:11:14,400 --> 00:11:18,630 Suze: And Travis had to decide because he was older. The 201 00:11:18,640 --> 00:11:19,500 Suze: math of it. 202 00:11:19,880 --> 00:11:23,858 Suze: Who's gonna order what everybody had to decide? So that 203 00:11:23,869 --> 00:11:26,940 Suze: we didn't go over $50 but that had to include 204 00:11:26,950 --> 00:11:28,218 Suze: the tip to go on. 205 00:11:28,229 --> 00:11:28,710 Barbara: He was 206 00:11:28,719 --> 00:11:31,460 Barbara: probably like in second grade. So imagine a second grader 207 00:11:31,469 --> 00:11:34,309 Barbara: doing the math. So what that meant is we had 208 00:11:34,320 --> 00:11:36,909 Barbara: to have a meeting like a pre-production meeting. What are 209 00:11:36,919 --> 00:11:39,978 Barbara: we gonna drink? So we all remember we all ordered water. 210 00:11:39,989 --> 00:11:40,569 Barbara: We ordered 211 00:11:40,580 --> 00:11:41,380 Barbara: water. 212 00:11:42,630 --> 00:11:46,659 Suze: Right. But at the end, guess what? We all ate, 213 00:11:47,070 --> 00:11:48,459 Suze: we split meals. 214 00:11:48,549 --> 00:11:49,449 KT: We ate very little. 215 00:11:50,030 --> 00:11:52,459 Barbara: No, that was good. That was a good one. 216 00:11:52,489 --> 00:11:56,809 Suze: Right. But, um, all right. So the kids now fast 217 00:11:56,859 --> 00:11:58,219 Suze: forward how old? 218 00:11:58,390 --> 00:11:59,218 Barbara: Travis's 219 00:11:59,320 --> 00:12:01,500 Barbara: 27? And Sophia is 25. 220 00:12:01,520 --> 00:12:06,780 Suze: So now let's fast forward to your, and Don's life, Barbara. 221 00:12:07,119 --> 00:12:12,640 Suze: As an adult living with Aunt Susie and you going 222 00:12:12,650 --> 00:12:17,539 Suze: through financial ups and financial downs. But as you got 223 00:12:17,549 --> 00:12:20,919 Suze: older and then you would come and visit and the 224 00:12:20,929 --> 00:12:24,349 Suze: kids now are in their twenties or whatever you and 225 00:12:24,359 --> 00:12:26,820 Suze: Don would sit down with me and remember the day 226 00:12:26,830 --> 00:12:27,880 Suze: I gave you an F? 227 00:12:28,840 --> 00:12:29,929 Barbara: Ah my God. 228 00:12:30,000 --> 00:12:32,210 KT: Wait, let's, let's go back and explain to you. 229 00:12:32,219 --> 00:12:34,700 Barbara: She gave me an F and I was on the, 230 00:12:34,710 --> 00:12:39,979 Barbara: I was on the plane, you know, double 15 tie 231 00:12:40,070 --> 00:12:43,689 Barbara: rolls and I was like, I got an F I've never, 232 00:12:43,700 --> 00:12:44,059 Barbara: you know, 233 00:12:44,320 --> 00:12:44,840 Suze: Explain, what that is. 234 00:12:45,780 --> 00:12:47,539 KT: Let me explain. Ok, so 235 00:12:48,549 --> 00:12:53,559 KT: Barbara received the lowest grade from Aunt Suze. The financial advice... 236 00:12:53,880 --> 00:12:55,580 Barbara: And she physically gave me an F. 237 00:12:55,590 --> 00:12:59,530 KT: Because Barbara didn't know or have a clue about their 238 00:12:59,539 --> 00:13:01,159 KT: family's finances 239 00:13:01,479 --> 00:13:03,289 Suze: And what they were doing with money. It was not correct. 240 00:13:03,299 --> 00:13:06,140 KT: Don would come and sit every summer we get together 241 00:13:06,150 --> 00:13:09,049 KT: and Don and Susie would be around the kitchen table 242 00:13:09,059 --> 00:13:11,380 KT: towards the end of the trip. And he would say, well, 243 00:13:11,789 --> 00:13:13,929 KT: you know, Aunt Suze, you think we can sit down 244 00:13:13,940 --> 00:13:16,119 KT: and go through a few numbers and, and Suze would 245 00:13:16,130 --> 00:13:18,309 KT: advise and says, well, Barbara, do you know this? Do 246 00:13:18,320 --> 00:13:20,239 KT: you know? She said no, and she'd be in the 247 00:13:20,250 --> 00:13:24,280 KT: kitchen cooking her, she had no interest or no clue. 248 00:13:24,580 --> 00:13:27,010 KT: And Suze let her have it, so that was the 249 00:13:27,020 --> 00:13:30,500 KT: first big Suze Smackdown to Barbara. 250 00:13:30,650 --> 00:13:33,590 Barbara: So now she gives me an F which is beyond 251 00:13:33,599 --> 00:13:34,419 Barbara: devastating 252 00:13:35,950 --> 00:13:39,309 Barbara: as it's like she's Suze Orman. But also it's like, 253 00:13:39,580 --> 00:13:42,109 Barbara: oh my God, I'm never gonna see my sisters again. 254 00:13:42,119 --> 00:13:45,109 Barbara: I got an F That's it. But then we were 255 00:13:45,119 --> 00:13:48,530 Barbara: just talking about this this morning, Suze's like, I will always, 256 00:13:48,539 --> 00:13:50,530 Barbara: you know, I always love you and the kids would 257 00:13:50,539 --> 00:13:53,718 Barbara: watch this and listen, we never sheltered them from 258 00:13:53,729 --> 00:13:54,479 Barbara: anything. 259 00:13:55,559 --> 00:13:59,960 Suze: That's your life changed now, not about the kids, but 260 00:13:59,969 --> 00:14:03,859 Suze: your life changed at that moment in time where you 261 00:14:03,869 --> 00:14:07,150 Suze: got involved with the money, you started to learn about 262 00:14:07,159 --> 00:14:11,228 Suze: the money and we started to be very talking about 263 00:14:11,239 --> 00:14:13,559 Suze: what was true, what you could do, what you couldn't 264 00:14:13,570 --> 00:14:15,460 Suze: do and you had to make some tough 265 00:14:15,559 --> 00:14:18,619 Suze: decisions, but they were honest decisions, right? 266 00:14:18,849 --> 00:14:22,039 Barbara: They're honest decisions. But also I think for you is 267 00:14:22,049 --> 00:14:25,489 Barbara: that you push yourself, you push us to be in 268 00:14:25,500 --> 00:14:29,020 Barbara: a way like more creative and also to be very 269 00:14:29,030 --> 00:14:33,400 Barbara: realistic and keep us on our toes. For sure. 270 00:14:33,409 --> 00:14:35,739 KT: The biggest life lesson Suze was that 271 00:14:36,260 --> 00:14:40,619 KT: both Barbara and Don had to be equally engaged and 272 00:14:40,630 --> 00:14:44,390 KT: aware because of the what ifs in life and what 273 00:14:44,400 --> 00:14:47,820 KT: if something happened... And Barbara, do you know anything? And 274 00:14:47,830 --> 00:14:50,309 KT: the answer was always no, now it's yes. 275 00:14:50,320 --> 00:14:52,909 Suze: Tell them about the time you were in San Francisco 276 00:14:52,919 --> 00:14:53,539 Suze: visiting us. 277 00:14:53,549 --> 00:14:54,280 Barbara: This 278 00:14:54,289 --> 00:14:58,520 Barbara: is no exaggeration, no exaggeration. 279 00:14:59,380 --> 00:15:04,239 Barbara: We lived in the most, the perfect house that I love. 280 00:15:04,250 --> 00:15:10,520 Barbara: My dream house in Pacific Palisades. And um, I'm sitting 281 00:15:10,530 --> 00:15:14,570 Barbara: with Suze and Kathy in San Francisco at their dining 282 00:15:14,580 --> 00:15:18,650 Barbara: room table and Kathy said, or Suze said, pretend you're 283 00:15:18,659 --> 00:15:20,679 Barbara: on the Suze Orman show. I'm like, I'm not, I'm 284 00:15:20,690 --> 00:15:23,460 Barbara: with my sisters eating breakfast. You're like, pretend you're on 285 00:15:23,469 --> 00:15:26,770 Barbara: the Suze Orman Show. And I said, Suze, should we 286 00:15:26,780 --> 00:15:28,869 Barbara: sell our house? And you said, 287 00:15:29,710 --> 00:15:33,349 Barbara: I want you to go home right now and sell, 288 00:15:33,359 --> 00:15:35,969 Barbara: put your house up for sale because the market... 289 00:15:36,690 --> 00:15:40,260 Suze: This was 2006, or 2007. And I knew the markets were 290 00:15:40,270 --> 00:15:41,130 Suze: gonna crash. 291 00:15:42,059 --> 00:15:42,890 Barbara: But we, I didn't. 292 00:15:42,900 --> 00:15:43,409 Suze: Right. 293 00:15:43,729 --> 00:15:49,760 Barbara: I literally stood up. I, I went home. I, I 294 00:15:49,770 --> 00:15:53,429 Barbara: literally that minute stood up. We got a plane, went home, 295 00:15:53,440 --> 00:15:55,469 Barbara: we put our house up for sale. 296 00:15:56,020 --> 00:15:57,890 Suze: So that one week later, right? 297 00:15:58,219 --> 00:15:59,039 Barbara: Well, I mean, 298 00:15:59,049 --> 00:15:59,770 Barbara: I don't know if you 299 00:16:00,020 --> 00:16:01,559 Suze: One week, two weeks, whatever it was, 300 00:16:01,570 --> 00:16:02,049 Barbara: two weeks 301 00:16:02,059 --> 00:16:04,849 Barbara: later, we sold it and the profit was... 302 00:16:04,859 --> 00:16:08,650 Suze: At the top of the market. They sold it, right? 303 00:16:09,010 --> 00:16:12,010 Barbara: But you did some funny things. She kind of like, I 304 00:16:12,020 --> 00:16:15,099 Barbara: don't want to say stalked us but helicoptered us. She 305 00:16:15,109 --> 00:16:15,989 Barbara: would be like, 306 00:16:16,469 --> 00:16:19,219 Barbara: because maybe we were still, you know, we're going through, 307 00:16:19,229 --> 00:16:21,130 KT: They were on the fence about whether to do it 308 00:16:21,140 --> 00:16:21,460 KT: or not. 309 00:16:21,469 --> 00:16:24,400 Barbara: I'll never forget you called us. You said, what are 310 00:16:24,409 --> 00:16:26,440 Barbara: you doing? What's that noise? I said, oh, we're on 311 00:16:26,450 --> 00:16:28,909 Barbara: our way to Home Depot. And you're like, why? And 312 00:16:28,919 --> 00:16:30,729 Barbara: I said, we're putting up a fence in front of 313 00:16:30,739 --> 00:16:35,049 Barbara: the house and she said, put the supplies down, go 314 00:16:35,059 --> 00:16:37,859 Barbara: turn around and go home. Do not put one penny. 315 00:16:38,059 --> 00:16:40,450 Barbara: We said, ok, so we didn't do that. Then another 316 00:16:40,460 --> 00:16:42,200 Barbara: phone call. I don't know if you remember this. 317 00:16:42,669 --> 00:16:44,250 Barbara: She said, what are you doing? He said, well, we 318 00:16:44,260 --> 00:16:47,530 Barbara: think we're gonna spruce up the kitchen. You're like, no, no, no, no, no, no, no, no, 319 00:16:48,010 --> 00:16:51,330 Barbara: don't do that. So we followed it and I think 320 00:16:51,340 --> 00:16:53,770 Barbara: literally within two weeks we sold it. 321 00:16:54,780 --> 00:16:59,539 Suze: At a really great profit and money. And then here 322 00:16:59,549 --> 00:17:03,119 Suze: they are with two kids. And what did you do? 323 00:17:03,130 --> 00:17:05,319 Suze: Do you remember this? Where did you move? 324 00:17:05,380 --> 00:17:06,420 Barbara: Oh, this was 325 00:17:06,430 --> 00:17:07,000 Barbara: funny. 326 00:17:07,770 --> 00:17:12,630 Barbara: We sold it and we moved to a two bedroom apartment... 327 00:17:13,609 --> 00:17:14,409 KT: In LA. 328 00:17:14,417 --> 00:17:19,798 Barbara: In LA. Um, we put the piano in Travis's bedroom 329 00:17:20,750 --> 00:17:23,260 Barbara: where the piano teacher had to sit. The kids took 330 00:17:23,270 --> 00:17:27,010 Barbara: piano lessons. They still did and sit in the, on 331 00:17:27,020 --> 00:17:29,829 Barbara: the bed, which was also a rock climbing wall, which 332 00:17:29,839 --> 00:17:31,219 Barbara: was also the garage. 333 00:17:32,869 --> 00:17:37,770 Suze: And they stayed in this tiny two bedroom apartment until 334 00:17:37,780 --> 00:17:41,540 Suze: the kids were finished with that year with school, 335 00:17:41,839 --> 00:17:44,739 KT: Travis cried and begged his mommy. 336 00:17:45,069 --> 00:17:46,140 Suze: He called me 337 00:17:47,579 --> 00:17:49,729 Suze: because then the decision was, 338 00:17:50,885 --> 00:17:53,734 Suze: the decision was they were going to take that money 339 00:17:53,744 --> 00:17:57,885 Suze: and move to Denver where they could get more for 340 00:17:57,895 --> 00:18:00,504 Suze: their money. And it would just made sense because they 341 00:18:00,515 --> 00:18:03,484 Suze: weren't going to pay California taxes and all these things. 342 00:18:03,744 --> 00:18:07,405 Suze: When Travis heard that every day, Barbara, I don't know 343 00:18:07,415 --> 00:18:08,025 Suze: if you know that. 344 00:18:08,035 --> 00:18:08,744 Barbara: I don't. 345 00:18:08,755 --> 00:18:12,505 Barbara: He called me every single night, 346 00:18:13,829 --> 00:18:18,670 Suze: Crying. Please, Aunt Suze. I beg you don't make us 347 00:18:18,680 --> 00:18:23,390 Suze: move to Denver. I'm begging you, Aunt Suze. And I said, Travis, 348 00:18:23,680 --> 00:18:26,540 Suze: I will be here every single night for you. You 349 00:18:26,550 --> 00:18:28,890 Suze: can call me every night and you can cry for 350 00:18:28,900 --> 00:18:31,739 Suze: hours to me. But I am telling you you are 351 00:18:31,750 --> 00:18:36,150 Suze: moving and one day you're gonna thank me for this. 352 00:18:36,319 --> 00:18:37,689 Suze: So you're just gonna have to 353 00:18:37,775 --> 00:18:40,635 Suze: get that and until you get it, you can cry. 354 00:18:40,854 --> 00:18:42,635 Suze: But you're moving. Boyfriend, 355 00:18:43,025 --> 00:18:45,564 Barbara: Travis looked at me and he said he was so 356 00:18:45,574 --> 00:18:47,754 Barbara: little and he said mom, I have a pain in 357 00:18:47,765 --> 00:18:51,854 Barbara: my heart that I've never felt before. Oh my God. 358 00:18:51,864 --> 00:18:53,484 Barbara: As a mother, you're like, oh 359 00:18:53,665 --> 00:18:55,494 Suze: And now Travis 360 00:18:56,125 --> 00:18:57,194 Barbara: Doesn't wanna leave 361 00:18:57,204 --> 00:19:01,025 Suze: Will never ever leave. So if you had a sum 362 00:19:01,035 --> 00:19:01,555 Suze: up 363 00:19:02,469 --> 00:19:06,819 Suze: the lessons that you've learned because you were with Aunt Suze, 364 00:19:06,829 --> 00:19:11,419 Suze: that people listening to the podcast could get 365 00:19:11,910 --> 00:19:15,489 Suze: because you don't have to have an Aunt Suze living 366 00:19:15,500 --> 00:19:18,329 Suze: with you and on you all the time, you just 367 00:19:18,339 --> 00:19:21,689 Suze: need to listen to the podcast, read the books. Think 368 00:19:21,699 --> 00:19:25,010 Suze: about what I'm saying to you. Standing in your truth, 369 00:19:25,060 --> 00:19:29,209 Suze: being ethical. Don't have shame. Don't be afraid to tell 370 00:19:29,219 --> 00:19:32,969 Suze: people you're broke, live in the moment and be proud 371 00:19:32,979 --> 00:19:34,130 Suze: of everything. 372 00:19:35,510 --> 00:19:39,209 Suze: If you were to sum up the greatest lessons that 373 00:19:39,219 --> 00:19:44,630 Suze: you learned, not because I'm Aunt Suze, but because Suze's 374 00:19:44,939 --> 00:19:48,969 Suze: advice has been in your life, what would you say 375 00:19:48,979 --> 00:19:50,209 Suze: that was? 376 00:19:51,640 --> 00:19:53,459 Barbara: I would say to 377 00:19:55,229 --> 00:19:57,890 Barbara: um have integrity, 378 00:19:58,670 --> 00:20:04,530 Barbara: I would say to really, really, really be purposeful 379 00:20:05,569 --> 00:20:08,188 Barbara: with what you're doing. Your decision making 380 00:20:09,089 --> 00:20:14,060 Barbara: um Being scared is ok. I mean, that's part of it. 381 00:20:14,560 --> 00:20:20,188 Barbara: And you should, Suze's always taught us almost to celebrate that. 382 00:20:20,199 --> 00:20:22,530 Barbara: You know, you have to celebrate all the parts, you 383 00:20:22,540 --> 00:20:24,719 Barbara: have to be really happy with all the parts and 384 00:20:24,729 --> 00:20:25,750 Barbara: grateful for that. 385 00:20:26,750 --> 00:20:30,060 Barbara: It's easier said than done, but you have to do 386 00:20:30,069 --> 00:20:30,640 Barbara: it right. 387 00:20:31,439 --> 00:20:33,560 Suze: KT what do you want to say? You've been quiet 388 00:20:33,569 --> 00:20:34,260 Suze: this time? 389 00:20:34,489 --> 00:20:37,379 KT: I know I love listening because I'm, I'm, it's like 390 00:20:37,390 --> 00:20:42,810 KT: yesterday that the memories come back and the images and 391 00:20:42,819 --> 00:20:48,060 KT: the experiences. It's like yesterday and it makes me emotional. 392 00:20:48,609 --> 00:20:48,760 Suze: Oh, 393 00:20:50,680 --> 00:20:52,099 Suze: no, they're both crying. 394 00:20:52,890 --> 00:20:57,859 KT: It makes me emotional that through time. So many things have, 395 00:20:59,260 --> 00:21:00,750 KT: Suze's helped so many. 396 00:21:01,729 --> 00:21:02,550 Barbara: Amazing. 397 00:21:04,310 --> 00:21:05,670 Suze: Now don't make me cry. 398 00:21:06,260 --> 00:21:10,109 Barbara: Look at that. She's getting teary too. 399 00:21:11,530 --> 00:21:14,909 KT: I wish Suze... that Aunt Suze would never end. 400 00:21:18,560 --> 00:21:22,069 Suze: No. Thank you. Right. But the main thing that I 401 00:21:22,079 --> 00:21:26,430 Suze: hope all of you really take away from this in 402 00:21:26,439 --> 00:21:31,060 Suze: my own way. I hope you consider me your own 403 00:21:31,069 --> 00:21:32,069 Suze: Aunt Suze. 404 00:21:32,729 --> 00:21:36,780 Suze: I hope you truly consider me and all the love 405 00:21:36,790 --> 00:21:40,948 Suze: that I've given throughout this podcast, KT has given throughout 406 00:21:40,959 --> 00:21:46,149 Suze: this podcast that in my own way, in our own way, 407 00:21:46,530 --> 00:21:51,400 Suze: we are there for all of you. This is not 408 00:21:51,410 --> 00:21:54,569 Suze: just a financial podcast, 409 00:21:54,989 --> 00:22:00,689 Suze: this is a podcast filled with love with sharing, with 410 00:22:00,739 --> 00:22:06,790 Suze: desire that all of you grow and can benefit from 411 00:22:06,800 --> 00:22:09,599 Suze: our knowledge and our experiences 412 00:22:10,250 --> 00:22:14,790 Suze: and that you never ever, ever forget that 413 00:22:15,489 --> 00:22:21,739 Suze: you mean just as much, especially to me as Barbara, 414 00:22:21,920 --> 00:22:28,869 Suze: as KT does as Sophia, Travis, Don Lynn, our other sister, 415 00:22:29,369 --> 00:22:35,030 Suze: all our relatives, Tom everybody that you mean as much 416 00:22:35,180 --> 00:22:39,948 Suze: to me and to KT because you really are 417 00:22:40,630 --> 00:22:45,209 Suze: family. So with that, there's only one thing we want 418 00:22:45,219 --> 00:22:48,239 Suze: you to remember when it comes to your money. And 419 00:22:48,250 --> 00:22:53,339 Suze: that's this. If you can be a family with your money, 420 00:22:53,959 --> 00:22:57,379 Suze: if you can be honest with your money, if you 421 00:22:57,390 --> 00:23:00,679 Suze: can walk towards your money rather than away from it, 422 00:23:00,920 --> 00:23:06,099 Suze: if you can just simply know that every, every problem 423 00:23:06,109 --> 00:23:07,359 Suze: can be solved 424 00:23:08,140 --> 00:23:11,379 Suze: and that there is always a way up. It's not 425 00:23:11,390 --> 00:23:16,400 Suze: always just down. And if you can do it with 426 00:23:16,699 --> 00:23:21,260 Suze: strength and faith that everything happens for the best, we 427 00:23:21,270 --> 00:23:25,760 Suze: all promise you, you are unstoppable.