1 00:00:00,109 --> 00:00:03,069 Intro / Outro: OK, Suze, are you ready for today's podcast? 2 00:00:03,079 --> 00:00:06,360 Intro / Outro: Oh, you bet I am because I'm unstoppable 3 00:00:08,069 --> 00:00:08,109 Intro / Outro: Music (in). 4 00:00:29,030 --> 00:00:35,130 Suze: August 13th, 2023. Welcome everybody to the Women and Money 5 00:00:35,139 --> 00:00:42,020 Suze: Podcast as well as everybody smart enough to listen. So 6 00:00:42,110 --> 00:00:47,130 Suze: I'm recording this from Florida. We came to Florida a 7 00:00:47,139 --> 00:00:50,409 Suze: few days ago because, you know, you have to sometimes 8 00:00:50,418 --> 00:00:54,159 Suze: come back off the island to get your teeth cleaned, haircuts, 9 00:00:54,169 --> 00:00:56,009 Suze: things like that. 10 00:00:56,720 --> 00:01:01,130 Suze: And so when we're here, we tend to do things 11 00:01:01,139 --> 00:01:04,470 Suze: that you can't do on the island, like going to 12 00:01:04,480 --> 00:01:09,169 Suze: a movie. So I had this brilliant idea and I said, KT, 13 00:01:09,269 --> 00:01:12,089 Suze: I'm taking you to a movie 14 00:01:12,709 --> 00:01:17,900 Suze: Now while we were there, KT took a video of 15 00:01:17,910 --> 00:01:20,440 Suze: the sitting in the movie theater 16 00:01:21,309 --> 00:01:27,089 Suze: and scanned the entire theater saying, look here we are, 17 00:01:27,099 --> 00:01:32,220 Suze: Suze rented this movie theater for us. I love it 18 00:01:32,230 --> 00:01:35,919 Suze: or whatever she said. And then I thought, OK, I'll 19 00:01:35,930 --> 00:01:36,739 Suze: post it 20 00:01:37,519 --> 00:01:40,510 Suze: and I posted it on the Women and Money community 21 00:01:40,519 --> 00:01:43,589 Suze: app with the question, 22 00:01:44,360 --> 00:01:50,250 Suze: is this true or false saying that I would tell 23 00:01:50,260 --> 00:01:55,650 Suze: you on today's podcast. So many of you answered and 24 00:01:55,660 --> 00:01:59,559 Suze: you went, of course, it's false. Are you so sure? Everybody? 25 00:01:59,900 --> 00:02:05,769 Suze: Of course it's false, Suze Never, ever, ever would waste 26 00:02:05,779 --> 00:02:10,470 Suze: money like that. That's not who Suze is 27 00:02:11,119 --> 00:02:13,508 Suze: then many of you said. Oh, that's so true. Of 28 00:02:13,520 --> 00:02:16,210 Suze: course she did. She has the money to do so. 29 00:02:16,250 --> 00:02:20,210 Suze: It's true. She rented the whole place out. Look at it. 30 00:02:21,160 --> 00:02:26,008 Suze: Many of you were also fascinated by. But where's your popcorn, Suze? 31 00:02:26,020 --> 00:02:30,610 Suze: Aren't you eating popcorn? The answer to that is very simple. No, 32 00:02:30,619 --> 00:02:34,750 Suze: I'm not eating popcorn. I told all of you just 33 00:02:34,758 --> 00:02:37,130 Suze: a few months ago on a podcast. I'm not gonna 34 00:02:37,139 --> 00:02:41,529 Suze: eat popcorn until I've lost weight and I haven't lost weight. 35 00:02:41,538 --> 00:02:43,489 Suze: So I'm not gonna eat popcorn. 36 00:02:44,059 --> 00:02:46,279 Suze: Well, that doesn't really matter because it seems like I'm 37 00:02:46,288 --> 00:02:49,049 Suze: eating everything else that I really love. So, what difference 38 00:02:49,059 --> 00:02:51,309 Suze: does it make? But when I say I'm not gonna 39 00:02:51,320 --> 00:02:55,679 Suze: do something, I don't do it. Now, before I tell 40 00:02:55,690 --> 00:02:59,160 Suze: you whether it's true or false, 41 00:03:00,008 --> 00:03:03,229 Suze: I want to tell you just a little story. And 42 00:03:03,240 --> 00:03:08,919 Suze: the story dates back years ago into the late seventies 43 00:03:08,929 --> 00:03:12,538 Suze: when I was a waitress at the Buttercup Bakery and 44 00:03:12,550 --> 00:03:16,350 Suze: two men would come in and get coffee and get 45 00:03:16,360 --> 00:03:19,270 Suze: a dessert and I became friends with them at the 46 00:03:19,279 --> 00:03:24,329 Suze: time and their names were Steve. They were both Steves 47 00:03:25,160 --> 00:03:30,139 Suze: and those Steves turned out to be Steve Jobs and 48 00:03:30,149 --> 00:03:35,990 Suze: Steve Wozniak who developed the Apple computer at the time 49 00:03:36,000 --> 00:03:38,250 Suze: that they were coming in, they were working on it 50 00:03:38,419 --> 00:03:42,589 Suze: in one of their garages. Steve Wozniak, I think, had 51 00:03:42,600 --> 00:03:46,380 Suze: something called 1 800 dial a joke that he had done. 52 00:03:47,009 --> 00:03:50,399 Suze: It was fascinating to get to serve them before I 53 00:03:50,410 --> 00:03:53,520 Suze: even knew who I was serving. Ok. 54 00:03:54,600 --> 00:03:59,009 Suze: Then a while after Apple went public and they had 55 00:03:59,020 --> 00:04:02,860 Suze: made all this money I was reading or hearing it 56 00:04:02,869 --> 00:04:05,320 Suze: on the news or who knows how I found out 57 00:04:05,600 --> 00:04:08,369 Suze: that Steve Wozniak, who I think at the time was 58 00:04:08,380 --> 00:04:14,990 Suze: living in Santa Cruz, California decided he was going to 59 00:04:15,000 --> 00:04:20,609 Suze: rent an entire theater to watch a movie all by himself. 60 00:04:20,619 --> 00:04:22,850 Suze: And that is exactly what he did. 61 00:04:23,820 --> 00:04:30,049 Suze: And I went, wow, that's something else. Now that you've 62 00:04:30,059 --> 00:04:35,299 Suze: heard that story, do you think it's true or false? 63 00:04:37,480 --> 00:04:44,238 Suze: All right. Everybody after I heard that story about Steve Wozniak, 64 00:04:44,250 --> 00:04:47,809 Suze: I did not admire that story. I did not admire 65 00:04:47,820 --> 00:04:50,290 Suze: what he did with that money. I thought it was 66 00:04:50,299 --> 00:04:54,570 Suze: the most biggest ridiculous waste of money 67 00:04:55,540 --> 00:05:02,380 Suze: ever in my entire life. Who would do something that stupid? 68 00:05:02,950 --> 00:05:08,099 Suze: Definitely not me. Suze Orman would never waste money like that. 69 00:05:08,109 --> 00:05:11,799 Suze: Are you kidding me? So, for those of you who 70 00:05:11,809 --> 00:05:17,320 Suze: said it was true? Really? You think that's what I 71 00:05:17,329 --> 00:05:20,219 Suze: would do with money? 72 00:05:21,130 --> 00:05:25,178 Suze: Oh, boy. I don't know. You gotta learn to know 73 00:05:25,190 --> 00:05:28,380 Suze: me a little bit better. But no, 74 00:05:29,049 --> 00:05:33,980 Suze: and that's the answer to that little quizzie that was 75 00:05:33,988 --> 00:05:37,459 Suze: posted on the Women and Money Community app. 76 00:05:38,359 --> 00:05:39,850 Suze: Next, today 77 00:05:40,529 --> 00:05:45,339 Suze: I was going to do a Suze school on 78 00:05:46,178 --> 00:05:50,070 Suze: Roth IRAs, the five-year rules because there's two of them 79 00:05:50,079 --> 00:05:55,209 Suze: there as well as the rules on Inherited IRAs whether 80 00:05:55,220 --> 00:05:58,290 Suze: it's a Roth or a traditional because there was a 81 00:05:58,299 --> 00:06:02,428 Suze: little bit of a change on July 17th this year 82 00:06:02,519 --> 00:06:06,558 Suze: about inherited IRAs . But I have that all planned 83 00:06:06,570 --> 00:06:09,010 Suze: in my head. And as you know, when I do 84 00:06:09,019 --> 00:06:12,739 Suze: a podcast, it just kind of comes out, not like 85 00:06:12,750 --> 00:06:14,290 Suze: I plan it, plan it. 86 00:06:14,510 --> 00:06:17,178 Suze: I just kind of tell you what I really want 87 00:06:17,190 --> 00:06:18,160 Suze: you to know. 88 00:06:18,790 --> 00:06:22,029 Suze: So that's what was in my mind this morning 89 00:06:22,820 --> 00:06:27,149 Suze: until I was watching television 90 00:06:27,809 --> 00:06:32,200 Suze: and on television, I was watching Maui and what's happening 91 00:06:32,209 --> 00:06:36,290 Suze: there and how an entire town has been wiped out. 92 00:06:36,459 --> 00:06:40,739 Suze: So very first of all my prayers and well wishes 93 00:06:40,750 --> 00:06:46,178 Suze: and blessings to everybody who is suffering like that, who 94 00:06:46,190 --> 00:06:51,940 Suze: is in Maui knows anybody in Maui such a travesty. 95 00:06:52,630 --> 00:06:57,599 Suze: But it started me thinking about the world, 96 00:06:58,640 --> 00:07:01,730 Suze: the world of the unexpected. 97 00:07:02,399 --> 00:07:05,808 Suze: And I've talked to all of you before about this. 98 00:07:05,880 --> 00:07:08,459 Suze: I think I did a podcast somewhere a while ago 99 00:07:08,470 --> 00:07:10,529 Suze: called Expect The Unexpected. 100 00:07:11,410 --> 00:07:16,570 Suze: But we are living in a time and a place 101 00:07:17,420 --> 00:07:21,269 Suze: where anything can happen at any time. 102 00:07:22,170 --> 00:07:27,440 Suze: It upsets me greatly the war that's going on in Ukraine. 103 00:07:27,559 --> 00:07:30,820 Suze: I can't even believe that it's still going on, I 104 00:07:30,829 --> 00:07:32,980 Suze: look at the devastation there 105 00:07:33,600 --> 00:07:37,489 Suze: and I think about all the people there, 106 00:07:38,190 --> 00:07:41,390 Suze: especially Kiev because you have to remember my father was 107 00:07:41,399 --> 00:07:45,980 Suze: from there. Ukraine holds a very dear and near place 108 00:07:45,989 --> 00:07:49,579 Suze: to my heart. But I think about all the millions 109 00:07:49,589 --> 00:07:55,880 Suze: of people, all throughout that area that don't have homes anymore. 110 00:07:55,890 --> 00:07:58,709 Suze: Tens of thousands of them don't know where their kids are, 111 00:07:58,859 --> 00:08:02,859 Suze: that the buildings are destroyed. It's like what's gonna happen 112 00:08:02,869 --> 00:08:05,679 Suze: there yet it happened. 113 00:08:06,920 --> 00:08:10,630 Suze: And I think about that there are warships now from 114 00:08:10,640 --> 00:08:14,959 Suze: China and Russia in the coast off of Alaska and 115 00:08:14,970 --> 00:08:18,489 Suze: things like that. And I'm like, really everybody 116 00:08:19,200 --> 00:08:23,529 Suze: and then I think about Beijing and China where they 117 00:08:23,540 --> 00:08:27,130 Suze: have all these floods now in places that I've walked 118 00:08:27,140 --> 00:08:29,709 Suze: the streets and that, you know, I taught a little 119 00:08:29,720 --> 00:08:34,489 Suze: thing at Beida University and all these things and I'm 120 00:08:34,500 --> 00:08:39,309 Suze: looking at all the destruction in the Philippines, 121 00:08:40,989 --> 00:08:46,330 Suze: and the tornadoes that are absolutely ripping up the Midwest and 122 00:08:46,340 --> 00:08:50,709 Suze: in places that nobody had any time to really prepare 123 00:08:50,719 --> 00:08:56,150 Suze: for or expect. Um It makes it very difficult for 124 00:08:56,159 --> 00:08:56,729 Suze: me 125 00:08:57,409 --> 00:09:00,859 Suze: at that point in time to want to talk about 126 00:09:02,140 --> 00:09:05,228 Suze: Roth IRAs to put it very mildly. 127 00:09:06,140 --> 00:09:08,309 Suze: I want to take this time 128 00:09:09,099 --> 00:09:13,650 Suze: for you to think about all these things very seriously 129 00:09:13,659 --> 00:09:18,109 Suze: as well. So I really want to stress 130 00:09:19,150 --> 00:09:22,159 Suze: that all of you think about that 131 00:09:23,010 --> 00:09:28,359 Suze: and if something were to happen like that, what would 132 00:09:28,369 --> 00:09:29,539 Suze: you do? 133 00:09:30,349 --> 00:09:35,359 Suze: What do you have in place where are all your 134 00:09:35,369 --> 00:09:40,520 Suze: important must have documents? Do people who don't live with? 135 00:09:40,530 --> 00:09:43,770 Suze: You have copies of them? 136 00:09:44,419 --> 00:09:47,590 Suze: Do they have copies of everything that you want to 137 00:09:47,599 --> 00:09:52,650 Suze: have a copy of your marriage certificate, pictures that you want? 138 00:09:52,739 --> 00:09:58,098 Suze: Because it is possible that other people can hold very 139 00:09:58,109 --> 00:10:00,390 Suze: valuable things for you 140 00:10:01,960 --> 00:10:05,880 Suze: that don't live anywhere near where you live. 141 00:10:07,000 --> 00:10:13,199 Suze: So what backup plans do you have? Now? obviously, when 142 00:10:13,210 --> 00:10:17,739 Suze: you have things on the cloud, your insurance policies, maybe 143 00:10:17,750 --> 00:10:22,080 Suze: all the pictures of your loved ones and things like that, 144 00:10:22,090 --> 00:10:27,750 Suze: pictures of your birth certificates, your marriage certificates, your divorce decree, 145 00:10:27,760 --> 00:10:29,049 Suze: whatever it may be, 146 00:10:29,580 --> 00:10:34,189 Suze: then it's easy enough for somewhere when you get to 147 00:10:34,200 --> 00:10:37,829 Suze: a place to be able to download all those things 148 00:10:37,840 --> 00:10:42,750 Suze: again and have your life in order, 149 00:10:44,150 --> 00:10:48,030 Suze: at least for the things that really, really matter. 150 00:10:48,820 --> 00:10:53,229 Suze: And I can tell you that having gone through the 151 00:10:53,239 --> 00:10:58,449 Suze: Oakland fires way back when, where 3000 homes were destroyed 152 00:10:58,820 --> 00:11:03,409 Suze: and doing so much work with the fire insurance of 153 00:11:03,419 --> 00:11:09,179 Suze: these people, the biggest thing that was devastating wasn't the 154 00:11:09,190 --> 00:11:12,510 Suze: fact that they lost their home, so to speak, 155 00:11:13,500 --> 00:11:19,409 Suze: but was they lost their pictures, they lost the Mementos 156 00:11:19,419 --> 00:11:23,710 Suze: and the things that they can't ever replace. 157 00:11:24,729 --> 00:11:29,760 Suze: So I think it's really important that you have an 158 00:11:29,770 --> 00:11:33,609 Suze: inventory and you do it right now 159 00:11:34,390 --> 00:11:42,090 Suze: of absolutely everything that is in your house. Because even 160 00:11:42,099 --> 00:11:45,030 Suze: if you listen to the stories of the people on Maui, 161 00:11:45,109 --> 00:11:48,000 Suze: they had minutes, minutes 162 00:11:48,619 --> 00:11:51,229 Suze: to get out if they even got out. 163 00:11:51,880 --> 00:11:57,469 Suze: So if your house was to catch fire or all 164 00:11:57,479 --> 00:12:01,760 Suze: of a sudden, a tornado with no warning came through 165 00:12:02,190 --> 00:12:06,210 Suze: and your house is just sticks and stones and everything 166 00:12:06,219 --> 00:12:07,369 Suze: in it is gone. 167 00:12:08,219 --> 00:12:11,609 Suze: What are you gonna tell the insurance company? Can you 168 00:12:11,619 --> 00:12:18,630 Suze: really remember every single thing that is in your home? 169 00:12:19,559 --> 00:12:24,210 Suze: Now, part of one of the programs that I did 170 00:12:24,969 --> 00:12:31,789 Suze: was called the Insurance Evaluator and part of that was 171 00:12:31,799 --> 00:12:37,780 Suze: the home inventory tracker. So I'm going to see if 172 00:12:37,789 --> 00:12:43,109 Suze: I can put on the women and money community app, 173 00:12:43,119 --> 00:12:47,979 Suze: the inventory tracker for you to be able to use 174 00:12:47,989 --> 00:12:49,500 Suze: or download 175 00:12:50,280 --> 00:12:54,728 Suze: so that you can use it and go through every 176 00:12:54,739 --> 00:12:57,609 Suze: single room of your home 177 00:12:58,590 --> 00:13:03,159 Suze: and take pictures of everything, put down what it was worth, 178 00:13:03,169 --> 00:13:07,140 Suze: put down things that I know you will not remember 179 00:13:07,150 --> 00:13:10,580 Suze: that you're probably insured for, but you're not gonna get 180 00:13:10,590 --> 00:13:14,460 Suze: the insurance for it if you can't claim it and 181 00:13:14,469 --> 00:13:17,239 Suze: you can't claim it if you can't even remember that 182 00:13:17,250 --> 00:13:18,700 Suze: you have it. 183 00:13:37,309 --> 00:13:37,780 Suze: but 184 00:13:38,530 --> 00:13:42,469 Suze: you need to go and do that with my inventory tracker. 185 00:13:42,479 --> 00:13:47,289 Suze: Or not and really make a list of everything and 186 00:13:47,299 --> 00:13:53,329 Suze: the value of it because you need that for your insurance. 187 00:13:54,400 --> 00:13:58,520 Suze: Now, if you keep it online or you send a 188 00:13:58,530 --> 00:14:03,099 Suze: copy of it to your insurance agent before something happens, 189 00:14:03,849 --> 00:14:09,940 Suze: then when something happens, you will be totally ok. 190 00:14:10,940 --> 00:14:12,820 Suze: So that's one thing. 191 00:14:14,059 --> 00:14:16,689 Suze: The next thing I want to talk about is something 192 00:14:16,700 --> 00:14:22,059 Suze: else that really upset me deeply this morning, which is 193 00:14:22,070 --> 00:14:26,030 Suze: why it's just, I don't just want to talk about 194 00:14:26,039 --> 00:14:31,440 Suze: Roth IRAs. So this morning, I got a text from 195 00:14:31,450 --> 00:14:34,260 Suze: a woman that I've been working with for so many 196 00:14:34,270 --> 00:14:39,190 Suze: years now, who is a survivor of domestic abuse, a 197 00:14:39,200 --> 00:14:41,270 Suze: very real thing. Everybody 198 00:14:41,530 --> 00:14:44,539 Suze: that so many people go through 199 00:14:45,390 --> 00:14:50,390 Suze: her abuse was so horrific and I had been interviewing 200 00:14:50,400 --> 00:14:56,000 Suze: her for something and this woman just, she was so tough, 201 00:14:56,219 --> 00:15:01,039 Suze: so tough. But her toughness touched my heart 202 00:15:01,799 --> 00:15:06,130 Suze: and somehow we struck up a relationship and I've worked 203 00:15:06,140 --> 00:15:10,859 Suze: with her very closely over all these years, so much 204 00:15:10,869 --> 00:15:16,440 Suze: so that she went to college. She got a degree, 205 00:15:17,140 --> 00:15:20,299 Suze: obviously KT and I had to help her financially to 206 00:15:20,309 --> 00:15:24,510 Suze: do so. But it was our privilege to do that 207 00:15:25,099 --> 00:15:29,710 Suze: because she had at the time two Children, she now 208 00:15:29,719 --> 00:15:34,250 Suze: has an 18 year old, an 11 year old and 209 00:15:34,260 --> 00:15:36,510 Suze: a six month old. 210 00:15:37,119 --> 00:15:43,150 Suze: However, she's been doing really, really well and she now 211 00:15:43,159 --> 00:15:48,549 Suze: just got a new job where for the first time 212 00:15:48,929 --> 00:15:53,599 Suze: they are offering her a life insurance policy for free 213 00:15:53,690 --> 00:15:57,809 Suze: as well as a 403 B Roth. 214 00:15:58,820 --> 00:16:02,710 Suze: So she texts me this morning and she says, Suze, 215 00:16:02,719 --> 00:16:07,840 Suze: I'm so excited. I'm gonna have my first retirement account 216 00:16:07,849 --> 00:16:10,510 Suze: and first life insurance policy. 217 00:16:11,330 --> 00:16:15,890 Suze: And I said, that's great. I said, who have you 218 00:16:15,900 --> 00:16:21,169 Suze: left as the beneficiaries of your life insurance policy? 219 00:16:21,760 --> 00:16:25,690 Suze: And she says the names of her three kids 220 00:16:26,489 --> 00:16:30,770 Suze: and she said, but I'm dividing it equally between them. 221 00:16:30,780 --> 00:16:35,380 Suze: Although the oldest, I'm giving 34% 2 and the other two, 222 00:16:35,390 --> 00:16:37,419 Suze: I'm giving 33% to. 223 00:16:38,210 --> 00:16:43,260 Suze: And I said to her, but miners can't inherit money. 224 00:16:44,030 --> 00:16:46,520 Suze: I said, you're gonna have to leave it all to 225 00:16:46,530 --> 00:16:51,340 Suze: the oldest one so that she has access to it 226 00:16:51,380 --> 00:16:54,599 Suze: so she can take care of with whatever amount is 227 00:16:54,609 --> 00:16:56,640 Suze: in this life insurance policy 228 00:16:57,580 --> 00:17:01,119 Suze: so that she can take care of them because you 229 00:17:01,130 --> 00:17:05,339 Suze: have educated her that if something happens to you, she's 230 00:17:05,349 --> 00:17:08,339 Suze: gonna have to step in as the mother. You've done 231 00:17:08,349 --> 00:17:13,349 Suze: that correct. She said, yes, Suze, we always have these talks. 232 00:17:13,359 --> 00:17:13,688 Suze: She 233 00:17:13,775 --> 00:17:16,604 Suze: knows what she's going to have to do because she 234 00:17:16,614 --> 00:17:19,534 Suze: knows what I had to do to make sure that 235 00:17:19,545 --> 00:17:24,244 Suze: she was ok. And she said, well, Suze, how old 236 00:17:24,255 --> 00:17:27,714 Suze: do the kids have to be before I can leave 237 00:17:27,724 --> 00:17:29,864 Suze: the money to them directly? 238 00:17:30,530 --> 00:17:34,550 Suze: And I said 18, and she said, so I'm gonna 239 00:17:34,560 --> 00:17:37,930 Suze: have to live at least another 18 years 240 00:17:38,880 --> 00:17:42,489 Suze: to be able to leave that money to my son. 241 00:17:42,500 --> 00:17:45,130 Suze: And I said, yes, that's true. 242 00:17:46,260 --> 00:17:48,109 Suze: And she said ok, 243 00:17:48,760 --> 00:17:52,329 Suze: but my oldest will make sure that they're ok. 244 00:17:53,010 --> 00:17:57,099 Suze: And I said to her, what happens if something happens 245 00:17:57,109 --> 00:18:01,020 Suze: to your oldest? She said, oh, no, no, nothing will 246 00:18:01,030 --> 00:18:04,839 Suze: ever happen to her. Don't worry, nothing will ever happen 247 00:18:04,849 --> 00:18:09,359 Suze: to her. She eats well, she takes care of herself. 248 00:18:09,369 --> 00:18:11,649 Suze: And I said, have you ever heard of something like 249 00:18:11,660 --> 00:18:17,030 Suze: a car accident or something that an illness or anything? 250 00:18:17,040 --> 00:18:20,540 Suze: She said? No, nothing can ever happen to her. 251 00:18:21,459 --> 00:18:25,149 Suze: And I said, and why are you so strong in 252 00:18:25,160 --> 00:18:28,839 Suze: that opinion? She said because without her, all I have 253 00:18:28,849 --> 00:18:29,669 Suze: is you 254 00:18:30,400 --> 00:18:34,169 Suze: and I'm like, no, you don't have me that way. 255 00:18:34,260 --> 00:18:38,159 Suze: You can't count on me to take care of your kids. 256 00:18:38,630 --> 00:18:43,010 Suze: You have to figure this out. And she said, but Suze, 257 00:18:43,270 --> 00:18:45,729 Suze: I don't have anybody else. 258 00:18:46,979 --> 00:18:50,619 Suze: And I said, what about your mother? What about your aunt? 259 00:18:50,630 --> 00:18:54,489 Suze: What about this one? What about that one? And for 260 00:18:54,500 --> 00:18:57,040 Suze: every one, she had an excuse. 261 00:18:57,709 --> 00:19:01,459 Suze: And I said those excuses aren't strong enough. You have 262 00:19:01,469 --> 00:19:07,040 Suze: to put down your mother's name as the successor beneficiary 263 00:19:07,050 --> 00:19:09,000 Suze: or your aunt's name. 264 00:19:09,739 --> 00:19:15,109 Suze: But somebody has to be there if something happens to 265 00:19:15,119 --> 00:19:17,389 Suze: your eldest child. 266 00:19:18,199 --> 00:19:21,489 Suze: But here we have again, a situation 267 00:19:22,099 --> 00:19:25,869 Suze: where you have to expect the unexpected, 268 00:19:26,640 --> 00:19:32,859 Suze: you have to expect that something like this could absolutely happen. 269 00:19:33,250 --> 00:19:37,750 Suze: So my question then to all of you is, do 270 00:19:37,760 --> 00:19:41,750 Suze: you have a plan in place for that? 271 00:19:42,339 --> 00:19:45,750 Suze: Because sometimes we have time when we get ill to 272 00:19:45,760 --> 00:19:50,449 Suze: put everything in order, but sometimes death can happen very, 273 00:19:50,459 --> 00:19:51,708 Suze: very quickly, 274 00:19:52,339 --> 00:19:55,709 Suze: very quickly, very unexpectedly. 275 00:19:56,420 --> 00:19:59,550 Suze: And if that were to happen to you, 276 00:20:00,849 --> 00:20:04,760 Suze: do you know that everything is in place? 277 00:20:05,540 --> 00:20:09,050 Suze: Right? Do you have primary beneficiaries? Do you know the 278 00:20:09,060 --> 00:20:13,920 Suze: difference between a primary beneficiary and a contingent beneficiary? Do 279 00:20:13,930 --> 00:20:18,540 Suze: we know what happens if the primary beneficiary was to 280 00:20:18,550 --> 00:20:22,729 Suze: die first even before you? And what that means for 281 00:20:22,739 --> 00:20:26,530 Suze: the contingent beneficiary? So I'm gonna have to do a Suze 282 00:20:27,030 --> 00:20:32,709 Suze: School on that because it's not exactly how you think 283 00:20:32,719 --> 00:20:33,750 Suze: it will be. 284 00:20:34,869 --> 00:20:38,879 Suze: So you have to make sure that you know all 285 00:20:38,890 --> 00:20:42,640 Suze: of these things. So next week 286 00:20:43,270 --> 00:20:48,530 Suze: we will be doing the difference between a primary beneficiary, 287 00:20:48,540 --> 00:20:53,640 Suze: a contingent beneficiary. We're gonna be talking about the things 288 00:20:53,650 --> 00:20:57,040 Suze: that can affect not just your life because if something 289 00:20:57,050 --> 00:20:59,640 Suze: happens to you and you die, you're out of here, 290 00:20:59,699 --> 00:21:03,479 Suze: but the lives of those that you love. 291 00:21:04,369 --> 00:21:07,420 Suze: But for this week, I want this to be a 292 00:21:07,430 --> 00:21:12,619 Suze: thoughtful podcast. I want this to be a disturbing podcast 293 00:21:12,630 --> 00:21:13,659 Suze: on some level 294 00:21:14,439 --> 00:21:19,989 Suze: disturbing enough that it makes you before next Sunday, go 295 00:21:20,000 --> 00:21:23,489 Suze: through your house, go through your paperwork. Look at who 296 00:21:23,500 --> 00:21:28,130 Suze: your beneficiaries are. Look at who your contingent beneficiaries are. Look, 297 00:21:28,140 --> 00:21:31,609 Suze: if there's a place for a successor beneficiary rather than 298 00:21:31,619 --> 00:21:36,550 Suze: a contingent beneficiary look at everything you need to know 299 00:21:36,969 --> 00:21:40,250 Suze: that if something were to happen today, 300 00:21:41,040 --> 00:21:45,659 Suze: to you, to your property, to your town, to your city, 301 00:21:45,670 --> 00:21:48,810 Suze: to your state, to everything, 302 00:21:50,310 --> 00:21:54,579 Suze: you would at least have everything in a place either 303 00:21:54,589 --> 00:22:00,150 Suze: online on the cloud or copies of it all with 304 00:22:00,160 --> 00:22:02,880 Suze: somebody else who doesn't live near you that you can 305 00:22:02,890 --> 00:22:03,579 Suze: trust 306 00:22:04,609 --> 00:22:08,849 Suze: but that you have everything in place. 307 00:22:10,390 --> 00:22:12,099 Suze: So today, 308 00:22:13,099 --> 00:22:14,670 Suze: wherever I go 309 00:22:15,949 --> 00:22:20,770 Suze: I will create with everything I have with every thought 310 00:22:20,780 --> 00:22:24,680 Suze: that I have with every prayer that I have with 311 00:22:24,689 --> 00:22:30,239 Suze: every wish that I have for others. A more joyful, 312 00:22:30,689 --> 00:22:34,060 Suze: peaceful and loving world. 313 00:22:34,739 --> 00:22:36,750 Suze: And I can promise all of you 314 00:22:37,420 --> 00:22:40,708 Suze: if you do everything I asked today on the podcast, 315 00:22:41,420 --> 00:22:44,430 Suze: as well as what I want you to say every day, 316 00:22:45,270 --> 00:22:50,660 Suze: I promise you, you will be unstoppable. 317 00:22:55,459 --> 00:22:56,770 Intro / Outro: Music (out).