1 00:00:07,929 --> 00:00:12,369 Suze: October 2, 2025. Welcome everybody to the Woman and Money 2 00:00:12,369 --> 00:00:18,450 Suze: podcast and everybody smart enough to listen. Suze O here 3 00:00:18,450 --> 00:00:23,340 Suze: and today's episode is not business as usual. It's not 4 00:00:23,610 --> 00:00:28,370 Suze: Ask KT and Suze Anything and why is that? It's 5 00:00:28,370 --> 00:00:31,489 Suze: because the government has shut down. 6 00:00:32,060 --> 00:00:36,569 Suze: And when Washington grinds to a halt, millions, and I 7 00:00:36,569 --> 00:00:41,080 Suze: mean millions of people's paychecks stop cold. 8 00:00:42,119 --> 00:00:49,990 Suze: Federal employees, contractors, families, small businesses that depend on that income, 9 00:00:50,400 --> 00:00:53,430 Suze: I have to tell you, not only is it frightening, 10 00:00:53,759 --> 00:00:57,479 Suze: but in my opinion it is totally frustrating and seriously 11 00:00:57,479 --> 00:01:01,759 Suze: it's just unfair, but I'm not going to get into 12 00:01:01,759 --> 00:01:03,310 Suze: the politics of this. 13 00:01:04,128 --> 00:01:08,198 Suze: But it's just not right. None of it is right, 14 00:01:08,408 --> 00:01:12,249 Suze: just so you know. Here's what we're not going to 15 00:01:12,249 --> 00:01:15,447 Suze: let happen, at least not on my watch. 16 00:01:16,419 --> 00:01:20,599 Suze: If this has affected you, you are not going to 17 00:01:20,599 --> 00:01:25,559 Suze: let this fear of what just happened paralyze you, no. 18 00:01:26,290 --> 00:01:28,970 Suze: Because fear makes you hide. 19 00:01:30,199 --> 00:01:32,510 Suze: And you know I've said it over and over again. 20 00:01:32,709 --> 00:01:35,819 Suze: Fear is one of the main internal obstacles to wealth. 21 00:01:36,110 --> 00:01:39,459 Suze: You also know that I have said to you courage 22 00:01:39,830 --> 00:01:45,018 Suze: is one of the eight qualities of a wealthy, wealthy person. 23 00:01:45,230 --> 00:01:49,319 Suze: All right, so you're not going to let fear paralyze 24 00:01:49,319 --> 00:01:53,510 Suze: you right now, 'cause again fear makes you hide, but 25 00:01:53,510 --> 00:01:56,589 Suze: courage makes you act. 26 00:01:57,000 --> 00:02:01,110 Suze: So today I'm going to walk you step by step 27 00:02:01,480 --> 00:02:06,160 Suze: through what you can and must do right now to 28 00:02:06,160 --> 00:02:10,720 Suze: protect yourself, your money, and your future, and I'm going 29 00:02:10,720 --> 00:02:13,240 Suze: to get into the stock market with all of this 30 00:02:13,240 --> 00:02:17,639 Suze: as well, but really I want us to take care 31 00:02:17,639 --> 00:02:22,119 Suze: of those that are going to be affected by this 32 00:02:22,119 --> 00:02:25,369 Suze: because we do not know how long this is going 33 00:02:25,369 --> 00:02:26,160 Suze: to last. 34 00:02:26,830 --> 00:02:29,809 Suze: The very first thing I want you to do is 35 00:02:29,809 --> 00:02:30,809 Suze: just stop. 36 00:02:31,550 --> 00:02:34,960 Suze: And get honest with yourself, and I want you to 37 00:02:34,960 --> 00:02:37,320 Suze: ask yourself the question. By the way, you should get 38 00:02:37,320 --> 00:02:39,770 Suze: out your Suze notebooks. Just do that. 39 00:02:40,639 --> 00:02:43,698 Suze: You have to ask yourself the question, and all of 40 00:02:43,699 --> 00:02:46,139 Suze: you should do this anyway because you never know when 41 00:02:46,139 --> 00:02:48,600 Suze: something like this could happen to you, not where the 42 00:02:48,600 --> 00:02:52,770 Suze: government shuts down, but your corporation shuts down. You get fired, 43 00:02:52,779 --> 00:02:55,740 Suze: whatever it is you have to do what I'm about 44 00:02:55,740 --> 00:03:00,899 Suze: to say. You have to ask yourself what are my 45 00:03:00,899 --> 00:03:02,820 Suze: essential expenses? 46 00:03:03,869 --> 00:03:07,179 Suze: To keep a roof over your head, food on the table, 47 00:03:07,309 --> 00:03:13,630 Suze: utilities and insurance. What is essential for you to live 48 00:03:13,630 --> 00:03:17,149 Suze: and pay? Everything else is a want. 49 00:03:18,038 --> 00:03:23,710 Suze: Those others are a need. Everything else is a want. Subscriptions, 50 00:03:23,880 --> 00:03:27,470 Suze: eating out, extra for the kids. It's all going to 51 00:03:27,470 --> 00:03:32,020 Suze: get cut right now cause you cannot afford to waste 52 00:03:32,020 --> 00:03:37,600 Suze: even one dollar on something that isn't essential. Now, obviously, even 53 00:03:37,600 --> 00:03:39,880 Suze: if you're affected by the federal government, you have a 54 00:03:39,880 --> 00:03:42,440 Suze: lot of money. It doesn't matter. You're going to get 55 00:03:42,440 --> 00:03:43,479 Suze: through this, OK. 56 00:03:44,070 --> 00:03:46,979 Suze: But the majority of you, you know, and I know 57 00:03:46,979 --> 00:03:50,770 Suze: you're all still living essentially paycheck to paycheck on some level, 58 00:03:51,380 --> 00:03:57,179 Suze: so it's really important that you get real with yourselves. Next, 59 00:03:57,419 --> 00:04:02,259 Suze: I need you to communicate before you default. The biggest 60 00:04:02,259 --> 00:04:05,820 Suze: mistake people make in a shutdown like this is you 61 00:04:05,820 --> 00:04:09,860 Suze: just go silent, you hide, you miss payments. 62 00:04:10,470 --> 00:04:15,110 Suze: Right, you let your credit score absolutely just sink, but 63 00:04:15,110 --> 00:04:19,549 Suze: on my watch again, you are not going to do that. Instead, 64 00:04:19,988 --> 00:04:22,630 Suze: I want you to pick up the phone. I want 65 00:04:22,630 --> 00:04:25,670 Suze: you to call your mortgage lender. I want you to 66 00:04:25,670 --> 00:04:28,429 Suze: call your credit card company. I want you to call 67 00:04:28,428 --> 00:04:32,738 Suze: your utility providers. Call your landlord, and I want you 68 00:04:32,738 --> 00:04:34,100 Suze: to tell them the truth. 69 00:04:34,640 --> 00:04:38,470 Suze: I'm a federal employee. I'm impacted by the shutdown. I'm 70 00:04:38,470 --> 00:04:42,980 Suze: not receiving my paycheck. What hardship program do you have? 71 00:04:43,309 --> 00:04:47,299 Suze: Can you waive late fees, defer payments, or reduce my 72 00:04:47,299 --> 00:04:54,380 Suze: bill temporarily? Also, I've given a podcast on this. The 73 00:04:54,380 --> 00:04:59,269 Suze: greatest words you could ever say, and three of the 74 00:04:59,269 --> 00:05:03,799 Suze: greatest words you could ever say is, "could you please." 75 00:05:04,730 --> 00:05:07,529 Suze: So when you're calling these people, if you don't have 76 00:05:07,529 --> 00:05:10,820 Suze: the money to pay them, it's like, could you please 77 00:05:10,820 --> 00:05:11,640 Suze: help me? 78 00:05:12,589 --> 00:05:18,279 Suze: Could you please reduce my bill temporarily? Just use those 79 00:05:18,279 --> 00:05:22,350 Suze: words now. Write that down, everybody, cause I have to 80 00:05:22,350 --> 00:05:26,750 Suze: tell you, you would be absolutely amazed at how many 81 00:05:26,750 --> 00:05:29,868 Suze: companies will work with you if you simply ask. 82 00:05:30,890 --> 00:05:36,880 Suze: Because protecting your credit score really is protecting your future, 83 00:05:37,130 --> 00:05:40,808 Suze: but you have to be proactive. No one is going 84 00:05:40,809 --> 00:05:45,579 Suze: to come and rescue you. You have got to rescue yourself. 85 00:05:46,570 --> 00:05:53,078 Suze: Next, if you're in a situation where you absolutely must borrow. 86 00:05:53,928 --> 00:05:57,760 Suze: All right, but there's a right way and a wrong way. 87 00:05:57,970 --> 00:06:04,170 Suze: What's the wrong way? Payday loans, cash advances, anything with 88 00:06:04,170 --> 00:06:08,720 Suze: sky high interest fees that will bury you in debt. 89 00:06:09,010 --> 00:06:12,609 Suze: What is the better way? It's at this point in 90 00:06:12,609 --> 00:06:15,040 Suze: time I want you. Don't faint now. 91 00:06:15,690 --> 00:06:19,909 Suze: I want you to use your credit cards, but only 92 00:06:19,910 --> 00:06:23,959 Suze: for essentials for those needs. Use the one with the 93 00:06:23,959 --> 00:06:30,149 Suze: lowest interest rate, so I want you to charge food, gas, utilities. 94 00:06:30,790 --> 00:06:34,720 Suze: Never withdraw cash, however, on your credit cards because that's 95 00:06:34,720 --> 00:06:37,119 Suze: going to cost you 21% or so. 96 00:06:38,190 --> 00:06:42,118 Suze: So I want you to save any cash that you 97 00:06:42,119 --> 00:06:45,239 Suze: may have in your emergency fund right now. 98 00:06:46,100 --> 00:06:50,988 Suze: And instead, I want you to put everything on a 99 00:06:50,988 --> 00:06:55,219 Suze: credit card at this point in time. Why do I 100 00:06:55,220 --> 00:06:57,790 Suze: want you to do that? Because I don't know how 101 00:06:57,790 --> 00:07:00,059 Suze: long this is going to last, nor do you. 102 00:07:00,809 --> 00:07:04,118 Suze: And I don't want you to use up all your 103 00:07:04,119 --> 00:07:07,829 Suze: cash and now go to credit cards. I'd rather you 104 00:07:07,829 --> 00:07:11,600 Suze: use up your credit limit first and then you still 105 00:07:11,600 --> 00:07:18,320 Suze: have cash just so you know. Also, if you have 106 00:07:18,320 --> 00:07:22,440 Suze: a Roth IRA and all of you better have a 107 00:07:22,440 --> 00:07:24,799 Suze: Roth IRA at this point in time. 108 00:07:25,450 --> 00:07:30,730 Suze: You can withdraw remember any other contributions that you've made. 109 00:07:31,950 --> 00:07:36,600 Suze: As long as you don't touch the earnings of just 110 00:07:36,600 --> 00:07:41,899 Suze: the contributions without penalty regardless of age and how long 111 00:07:41,899 --> 00:07:46,299 Suze: the account has been opened now, that's your last resort. 112 00:07:46,950 --> 00:07:49,660 Suze: But if it's the difference really between keeping the lights 113 00:07:49,660 --> 00:07:53,549 Suze: on or not, you need to know that that option 114 00:07:53,549 --> 00:07:57,750 Suze: exists now for all of you seriously that are listening, 115 00:07:57,790 --> 00:08:00,630 Suze: and I know you're thinking to yourself this doesn't affect me. 116 00:08:01,269 --> 00:08:04,869 Suze: I don't work for the federal government. You're not directly 117 00:08:04,869 --> 00:08:06,480 Suze: impacted by this shutdown. 118 00:08:07,660 --> 00:08:09,940 Suze: I am begging you not to tune this out. 119 00:08:10,980 --> 00:08:15,130 Suze: Because this is your financial wake up call. 120 00:08:16,250 --> 00:08:21,880 Suze: Shutdowns prove one thing. You cannot rely on anyone else. 121 00:08:22,190 --> 00:08:24,850 Suze: Remember me all these years I've said you have to 122 00:08:24,850 --> 00:08:28,769 Suze: save yourself. The government can't save you. The economy can't 123 00:08:28,769 --> 00:08:31,890 Suze: save you. Your family probably can't even save you. 124 00:08:32,630 --> 00:08:35,760 Suze: But you have to save yourself. 125 00:08:36,630 --> 00:08:41,859 Suze: So the question is, do you have an emergency fund? 126 00:08:42,469 --> 00:08:47,309 Suze: Could you survive 12 months without a paycheck? I want 127 00:08:47,309 --> 00:08:48,780 Suze: you to be honest to yourself. 128 00:08:49,500 --> 00:08:53,598 Suze: And if you can't, I want you to start doing 129 00:08:53,599 --> 00:08:57,679 Suze: that and building an eight to 12 months of must 130 00:08:57,679 --> 00:09:02,039 Suze: pay expenses and savings right now because that is what 131 00:09:02,039 --> 00:09:05,559 Suze: will give you true freedom and peace of mind. I 132 00:09:05,559 --> 00:09:07,719 Suze: want you to think about it. You work for the 133 00:09:07,719 --> 00:09:08,760 Suze: federal government. 134 00:09:09,479 --> 00:09:11,469 Suze: And now they've shut down. 135 00:09:12,309 --> 00:09:14,549 Suze: You're not gonna get a paycheck. Maybe you're an air 136 00:09:14,549 --> 00:09:18,150 Suze: traffic controller and you're gonna have to work even though 137 00:09:18,150 --> 00:09:22,500 Suze: you're not getting a paycheck. You don't have a choice. 138 00:09:23,760 --> 00:09:27,799 Suze: If you had a 12 month must pay account or 139 00:09:27,799 --> 00:09:29,559 Suze: emergency account that I call it. 140 00:09:30,880 --> 00:09:32,059 Suze: You would be all right. 141 00:09:32,929 --> 00:09:38,070 Suze: I can still pay my bills. This qualifies as an emergency, 142 00:09:38,640 --> 00:09:42,699 Suze: and you would still be relatively calm. Those of you 143 00:09:42,700 --> 00:09:46,579 Suze: out there that are freaking out, it's because you don't 144 00:09:46,580 --> 00:09:47,289 Suze: have 145 00:09:47,979 --> 00:09:52,929 Suze: an emergency fund, you don't have any money saved and 146 00:09:52,929 --> 00:09:55,959 Suze: you don't know what you are going to do. 147 00:09:56,739 --> 00:10:00,820 Suze: So therefore, you have to do certain things. If you 148 00:10:00,820 --> 00:10:04,539 Suze: don't have that emergency fund of eight to 12 months, 149 00:10:04,940 --> 00:10:08,500 Suze: I want you to go through your subscriptions, cancel what 150 00:10:08,500 --> 00:10:09,380 Suze: you don't need. 151 00:10:10,330 --> 00:10:14,250 Suze: Look at your spending habits. Ask yourself the question. If 152 00:10:14,250 --> 00:10:19,329 Suze: my paycheck stopped tomorrow, how long could I last? And 153 00:10:19,330 --> 00:10:22,679 Suze: if the answer is two weeks, one or two months, 154 00:10:22,890 --> 00:10:27,369 Suze: I'm telling you you have work to do because shutdowns 155 00:10:27,369 --> 00:10:30,479 Suze: or when you are fired or whenever it may be, 156 00:10:30,530 --> 00:10:31,830 Suze: they are painful. 157 00:10:32,320 --> 00:10:36,549 Suze: But they are also teachers. They teach us what happens 158 00:10:36,549 --> 00:10:39,789 Suze: when we don't plan, and they remind us of the 159 00:10:39,789 --> 00:10:45,349 Suze: power of planning ahead. Got that everybody? Again just like 160 00:10:45,349 --> 00:10:46,390 Suze: with the hurricane, 161 00:10:47,070 --> 00:10:50,760 Suze: you plan for the worst, but you hope for the best, 162 00:10:50,969 --> 00:10:55,569 Suze: and then when something happens, you are prepared. That's why 163 00:10:55,570 --> 00:10:57,650 Suze: I want you all to have a will and a 164 00:10:57,650 --> 00:11:01,169 Suze: trust in the must have documents so that you can 165 00:11:01,169 --> 00:11:05,010 Suze: protect your tomorrows today. But if you just keep putting 166 00:11:05,010 --> 00:11:10,530 Suze: things off and not deal with reality and something happens 167 00:11:10,530 --> 00:11:15,010 Suze: now we're in trouble. Let's talk about something 168 00:11:15,289 --> 00:11:18,968 Suze: that I'm sure a lot of you are worried about. Suze, 169 00:11:19,039 --> 00:11:22,119 Suze: the markets, what are the markets going to do? The 170 00:11:22,119 --> 00:11:26,669 Suze: government has shut down. Should I sell? Should I sell everything? 171 00:11:26,960 --> 00:11:29,239 Suze: Are you out of your mind? 172 00:11:30,469 --> 00:11:34,900 Suze: Every time that there has been a shutdown, Wall Street 173 00:11:34,900 --> 00:11:36,830 Suze: has reacted, absolutely. 174 00:11:37,469 --> 00:11:42,260 Suze: But stocks may swing not just down. They may swing 175 00:11:42,260 --> 00:11:46,909 Suze: up as well. So when you say, should I sell 176 00:11:46,909 --> 00:11:51,099 Suze: before it gets worse, I'm telling you do not panic 177 00:11:51,099 --> 00:11:54,848 Suze: here and let me just give you some facts. Let's 178 00:11:54,849 --> 00:11:59,380 Suze: go back to the recent shutdown, 2019. Remember that one? 179 00:11:59,700 --> 00:12:02,299 Suze: That one was bad, or so we thought, right? 180 00:12:02,830 --> 00:12:07,390 Suze: Because it was the longest one in US history, lasting 181 00:12:07,390 --> 00:12:12,190 Suze: 35 days. The headlines, I'm telling you, they were terrifying. 182 00:12:12,270 --> 00:12:15,510 Suze: You were all freaked. I even did a podcast on 183 00:12:15,510 --> 00:12:18,619 Suze: it way back then. If you go back that far. 184 00:12:19,340 --> 00:12:23,900 Suze: But here's the truth. Do you know that during that shutdown, 185 00:12:24,359 --> 00:12:31,119 Suze: the Standard and Poor's 500 index actually went up about 10%. 186 00:12:32,460 --> 00:12:33,770 Suze: Do you know that? 187 00:12:34,659 --> 00:12:42,719 Suze: And about 12 months later, the S&P had gained about 26%. 188 00:12:42,820 --> 00:12:46,340 Suze: Think about that. You would have thought during those 35 189 00:12:46,340 --> 00:12:49,650 Suze: days the markets would have been destroyed and everything. They 190 00:12:49,650 --> 00:12:54,218 Suze: actually went up about 10%. 191 00:12:55,179 --> 00:12:56,968 Suze: I can tell you, 192 00:12:57,820 --> 00:13:02,659 Suze: the other day I was looking at Colo's portfolio. 193 00:13:03,409 --> 00:13:05,699 Suze: And I was going, oh God, here we go. 194 00:13:06,340 --> 00:13:08,440 Suze: And we were down to a certain amount of money. 195 00:13:08,489 --> 00:13:12,809 Suze: It had gone down about $2,000 or whatever. When I 196 00:13:12,809 --> 00:13:19,239 Suze: looked Wednesday morning, it was higher. His portfolio was higher 197 00:13:19,929 --> 00:13:23,419 Suze: than it was the day before they announced the shutdown. 198 00:13:23,770 --> 00:13:26,450 Suze: It was the fear of it's going to shut down, 199 00:13:26,530 --> 00:13:27,729 Suze: we better sell. 200 00:13:28,429 --> 00:13:33,520 Suze: And now a day later it was even higher. OK, 201 00:13:33,710 --> 00:13:39,969 Suze: let's go back to 2013, which was a six day shutdown. 202 00:13:40,130 --> 00:13:40,799 Suze: Guess what? 203 00:13:41,539 --> 00:13:47,719 Suze: The market rose about 3% while the government was closed 204 00:13:48,010 --> 00:13:49,890 Suze: and in the year after, 205 00:13:51,159 --> 00:13:55,679 Suze: it was up nearly 20%. So you must hear me 206 00:13:55,679 --> 00:13:59,929 Suze: loud and clear, that while shutdowns may rattle your nerves, 207 00:14:00,820 --> 00:14:06,080 Suze: it's only in the moment. But history has shown us 208 00:14:06,609 --> 00:14:09,848 Suze: that they have been nothing more than a blip, just 209 00:14:09,849 --> 00:14:14,289 Suze: a blip, everybody, and what really drives the market long 210 00:14:14,289 --> 00:14:20,450 Suze: term is the Federal Reserve interest rate earnings, the strength 211 00:14:20,450 --> 00:14:24,229 Suze: in the economy, and how much money is on the 212 00:14:24,229 --> 00:14:30,489 Suze: sidelines waiting to be invested, not Washington's dysfunction. 213 00:14:31,539 --> 00:14:36,469 Suze: So the truth is the only people hurt by market 214 00:14:36,469 --> 00:14:42,219 Suze: swings are the ones who make emotional decisions. So if 215 00:14:42,219 --> 00:14:45,320 Suze: you sold in the panic or if you tend to 216 00:14:45,320 --> 00:14:49,479 Suze: sell in a panic, you lock in your losses, and 217 00:14:49,479 --> 00:14:53,479 Suze: if you simply stay invested, you give your money time 218 00:14:53,479 --> 00:14:58,359 Suze: to recover and grow. Now that happened with the tariffs. 219 00:14:58,809 --> 00:15:02,200 Suze: Aren't you glad you didn't sell? It happened 220 00:15:03,140 --> 00:15:07,099 Suze: when the pandemic happened, the markets went down. I was 221 00:15:07,099 --> 00:15:11,619 Suze: telling you, don't sell, buy, do certain things, aren't you 222 00:15:11,619 --> 00:15:12,690 Suze: glad you did. 223 00:15:13,450 --> 00:15:18,169 Suze: So what should you do now? You need to stay 224 00:15:18,169 --> 00:15:23,809 Suze: the course. If you're investing for retirement, keep contributing to 225 00:15:23,809 --> 00:15:29,000 Suze: your Roth 401k, your Roth IRA. Do not stop, do 226 00:15:29,000 --> 00:15:33,520 Suze: not pull money out. You need to be focused on quality, 227 00:15:33,729 --> 00:15:36,200 Suze: these broad-based index funds if you want. 228 00:15:36,900 --> 00:15:42,380 Suze: Diversified portfolios but also the individual stocks that we have 229 00:15:42,380 --> 00:15:50,179 Suze: been talking about that just are fabulous, fabulous, everybody. So 230 00:15:50,179 --> 00:15:53,570 Suze: if you combine those individual stocks that we've been talking 231 00:15:53,570 --> 00:15:59,219 Suze: about with a percent of your portfolio in VOO, you're 232 00:15:59,219 --> 00:16:02,849 Suze: going to be just fine. You need to look at 233 00:16:02,849 --> 00:16:04,340 Suze: what's happening here. 234 00:16:05,169 --> 00:16:09,150 Suze: And use this as a test of your courage. 235 00:16:10,070 --> 00:16:15,820 Suze: And that volatility seriously is the price of admission for 236 00:16:15,820 --> 00:16:19,940 Suze: long term growth like I was literally hoping that these 237 00:16:19,940 --> 00:16:21,659 Suze: markets would go down big time. 238 00:16:22,289 --> 00:16:25,320 Suze: So that I could buy more of the things that 239 00:16:25,320 --> 00:16:27,000 Suze: had been going straight up. 240 00:16:28,000 --> 00:16:31,489 Suze: So if a shutdown, for instance, makes you lose sleep, 241 00:16:31,900 --> 00:16:35,140 Suze: it's not the shutdown that's the problem, it's that your 242 00:16:35,140 --> 00:16:39,700 Suze: portfolio may be too risky or you are somebody who 243 00:16:39,700 --> 00:16:44,530 Suze: just maybe doesn't belong in the stock market at all. 244 00:16:44,659 --> 00:16:47,780 Suze: And listen to me if you have cash on the sidelines. 245 00:16:48,859 --> 00:16:52,289 Suze: Any volatility that you're actually seeing here now. 246 00:16:53,260 --> 00:16:57,929 Suze: It is in my opinion, an opportunity for you to 247 00:16:57,929 --> 00:16:59,559 Suze: invest that money. 248 00:17:01,080 --> 00:17:04,869 Suze: Remember strong companies, the ones that we have been talking 249 00:17:04,869 --> 00:17:08,919 Suze: to you about for the past year or so, they 250 00:17:08,920 --> 00:17:15,109 Suze: don't become weak just because Congress can't pass a budget. 251 00:17:15,359 --> 00:17:20,319 Suze: So sometimes temporary dips are your chance to buy at 252 00:17:20,319 --> 00:17:25,149 Suze: a discount. But, and you know me by now, don't you? 253 00:17:25,560 --> 00:17:29,270 Suze: Tell me you know me by now. I only want 254 00:17:29,270 --> 00:17:30,640 Suze: you to invest money 255 00:17:31,150 --> 00:17:34,609 Suze: that you are not going to need for at least 256 00:17:34,609 --> 00:17:39,609 Suze: five or 10 years, preferably longer. I only want you 257 00:17:39,609 --> 00:17:43,140 Suze: to invest money when your emergency or, like I say, 258 00:17:43,180 --> 00:17:45,810 Suze: the must pay account is in place. 259 00:17:46,739 --> 00:17:49,729 Suze: And you have to get that the stock market is 260 00:17:49,729 --> 00:17:54,729 Suze: for long term goals. It is not for you to 261 00:17:54,729 --> 00:17:57,719 Suze: invest money that you may need in the next few years, 262 00:17:57,890 --> 00:18:00,369 Suze: and it's not for you to invest, oh, something's gone 263 00:18:00,369 --> 00:18:04,290 Suze: up 10% or 20%. I should sell. No, it is 264 00:18:04,290 --> 00:18:09,250 Suze: for years from now, long term investing, so the shutdown's 265 00:18:09,250 --> 00:18:12,650 Suze: going to come and it's going to go. Markets are 266 00:18:12,650 --> 00:18:14,530 Suze: going to rise and they're going to fall. 267 00:18:15,479 --> 00:18:22,439 Suze: But financial independence really everybody belongs to those who don't 268 00:18:22,439 --> 00:18:27,889 Suze: get shaken by headlines. You want to build wealth? Do 269 00:18:27,890 --> 00:18:30,399 Suze: you want to build wealth? I want you to build wealth. 270 00:18:30,609 --> 00:18:33,280 Suze: I want you to make your money, make more money. 271 00:18:33,930 --> 00:18:39,500 Suze: Then repeat after me and write down this new truth 272 00:18:39,770 --> 00:18:43,290 Suze: that I want you to say over and over again. 273 00:18:43,750 --> 00:18:45,770 Suze: I do not sell out of fear. 274 00:18:46,569 --> 00:18:48,879 Suze: I do not buy out of greed. 275 00:18:49,540 --> 00:18:53,770 Suze: And I invest with courage and discipline. 276 00:18:54,560 --> 00:18:57,270 Suze: So what is it that I want you to take 277 00:18:57,890 --> 00:19:02,750 Suze: from this podcast? I want you to remember that courage 278 00:19:03,000 --> 00:19:07,800 Suze: is not the absence of fear. Courage is doing what 279 00:19:07,800 --> 00:19:10,390 Suze: you must do even when you are afraid. 280 00:19:11,359 --> 00:19:14,750 Suze: And I get it, everybody. I get that it's scary 281 00:19:14,750 --> 00:19:19,510 Suze: when your paycheck stops. I get that it's exhausting to 282 00:19:19,510 --> 00:19:21,619 Suze: fight through all the red tape. 283 00:19:22,400 --> 00:19:26,469 Suze: But you are stronger than this shutdown. You are stronger 284 00:19:26,469 --> 00:19:28,229 Suze: than any market decline. 285 00:19:28,920 --> 00:19:32,089 Suze: You have the power to cut back. You have the 286 00:19:32,089 --> 00:19:35,659 Suze: power to negotiate. You have the power to protect yourself 287 00:19:35,660 --> 00:19:36,959 Suze: and your family. 288 00:19:37,630 --> 00:19:41,290 Suze: And when it comes to your investments, courage, as I 289 00:19:41,290 --> 00:19:46,209 Suze: said earlier, one of the qualities of wealth is staying 290 00:19:46,209 --> 00:19:50,250 Suze: the course when everyone else is panicking. 291 00:19:51,390 --> 00:19:54,829 Suze: That's how wealth is built, so repeat after me. 292 00:19:55,750 --> 00:19:59,659 Suze: I am my own greatest rescuer. 293 00:20:00,719 --> 00:20:03,429 Suze: You're gonna rescue yourself. 294 00:20:04,079 --> 00:20:07,968 Suze: And that, my friends, is how you get through a 295 00:20:07,969 --> 00:20:14,829 Suze: government shutdown with clarity, with courage, and with conviction that 296 00:20:14,829 --> 00:20:18,829 Suze: no matter what happens in Washington you have the power 297 00:20:18,829 --> 00:20:22,948 Suze: to secure your own financial life. 298 00:20:24,199 --> 00:20:27,410 Suze: So until next time there's only one thing I want 299 00:20:27,410 --> 00:20:30,329 Suze: you to remember when it comes to your money, and 300 00:20:30,329 --> 00:20:36,359 Suze: it's this people first, then money, then things. Now you 301 00:20:36,369 --> 00:20:40,959 Suze: stay safe and strong. See you soon. Bye bye.