1 00:00:08,430 --> 00:00:11,699 Suze: May 28th, 2026. 2 00:00:11,869 --> 00:00:15,430 KT: There's nothing funny about this date, and why are you 3 00:00:15,430 --> 00:00:17,950 KT: always laughing when you, when you say the date? 4 00:00:18,510 --> 00:00:20,649 Suze: 'Cause I know we're gonna have a lot of fun 5 00:00:20,989 --> 00:00:24,709 Suze: in the next 30 minutes. I'm anticipating it. And so 6 00:00:24,709 --> 00:00:28,549 Suze: I'm starting to already get in that mood. Welcome everybody 7 00:00:28,549 --> 00:00:31,950 Suze: to the Women and Money podcast, and everybody smart enough 8 00:00:31,950 --> 00:00:35,729 Suze: to listen. This is the Ask KT and Suze edition. 9 00:00:35,740 --> 00:00:36,729 Suze: If you have a question 10 00:00:37,380 --> 00:00:41,000 Suze: that you want answered on this podcast, then write into, 11 00:00:42,020 --> 00:00:45,360 Suze: if KT chooses it, by the way, write into where KT? 12 00:00:45,360 --> 00:00:49,540 KT: Podcast at askSuze.com 13 00:00:49,540 --> 00:00:53,560 Suze: and that's S U Z E everybody keep it short. 14 00:00:53,689 --> 00:00:56,020 Suze: You're looking forward to the next few days? 15 00:00:56,659 --> 00:01:00,180 KT: I'm looking forward to the next few weeks. We have 16 00:01:00,180 --> 00:01:02,860 KT: quite a few exciting events lined up. 17 00:01:03,020 --> 00:01:06,839 Suze: We do, but that for me, the most exciting thing really, everybody... 18 00:01:07,349 --> 00:01:12,509 Suze: is June 4th. Make sure if you didn't register for 19 00:01:12,510 --> 00:01:16,069 Suze: the very first webinar that we did on April 23rd, 20 00:01:16,430 --> 00:01:20,589 Suze: make sure that you register at Suze Orman.com for the 21 00:01:20,589 --> 00:01:24,709 Suze: one on June 4th. It is 6 p.m. East Coast time. 22 00:01:25,080 --> 00:01:27,120 Suze: And I, I just have to say this, and maybe 23 00:01:27,120 --> 00:01:30,959 Suze: you overheard it. Just the other day, Keith and I 24 00:01:30,959 --> 00:01:33,878 Suze: were talking about what we were going to talk about, 25 00:01:34,239 --> 00:01:37,160 Suze: and I would ask him questions, and you know how 26 00:01:37,160 --> 00:01:40,279 Suze: Keith is. He then gives these big explanations. I said, no. 27 00:01:40,910 --> 00:01:44,269 Suze: When I ask you a question like what stocks would 28 00:01:44,269 --> 00:01:47,010 Suze: you buy, just tell us the stocks you would buy. 29 00:01:47,349 --> 00:01:49,150 Suze: I don't even care why you would buy them, just 30 00:01:49,150 --> 00:01:53,129 Suze: tell it. Tell me the ETFs that you would buy. 31 00:01:53,389 --> 00:01:55,650 Suze: Tell us everything, but the real thing. 32 00:01:56,139 --> 00:02:00,580 Suze: That we're also gonna be talking about is the new 33 00:02:00,580 --> 00:02:06,080 Suze: ETF that FITZ, is bringing out the symbol is FITZ. 34 00:02:06,470 --> 00:02:08,259 Suze: By the way, I just have to tell all of 35 00:02:08,258 --> 00:02:12,220 Suze: you this. It started trading today on the New York 36 00:02:12,220 --> 00:02:17,820 Suze: Stock Exchange. Again, symbol is FITZ. So this is a 37 00:02:17,820 --> 00:02:21,589 Suze: real thing now. You are the first people to hear 38 00:02:21,589 --> 00:02:25,770 Suze: about it if you're listening to this podcast today. 39 00:02:26,639 --> 00:02:29,360 Suze: So, KT we've had a good time lately. 40 00:02:29,758 --> 00:02:34,029 KT: Oh my God, she's been a social butterfly. We went, we, 41 00:02:34,179 --> 00:02:38,138 KT: we never go out. Suze and I very, very rarely 42 00:02:38,320 --> 00:02:41,839 KT: go out for dinner, and our friend Mark and Edward 43 00:02:41,839 --> 00:02:44,179 KT: missed us. They hadn't seen us, we were in Japan. 44 00:02:44,570 --> 00:02:47,490 KT: Come on, girls, come have dinner with us, and we said, OK. 45 00:02:47,800 --> 00:02:53,550 KT: So they took us to a little restaurant called Mediterra, Mediterra. 46 00:02:54,059 --> 00:02:57,539 KT: M E D I T E R R A and 47 00:02:57,538 --> 00:03:01,520 KT: it was fantastic. It's over in Royal Palm Place in 48 00:03:01,520 --> 00:03:04,539 KT: Boca Raton for all of you listening that live here 49 00:03:04,538 --> 00:03:05,500 KT: in South Florida. So much fun. 50 00:03:06,300 --> 00:03:10,600 Suze: Really, I very seldom like eating out or the food 51 00:03:10,600 --> 00:03:13,500 Suze: that I eat when I eat out, but I loved this. 52 00:03:14,750 --> 00:03:17,229 KT: Well, we had a good time. We met Chef Michael, 53 00:03:17,309 --> 00:03:21,698 KT: the owner, and it's a small family restaurant, really small, like, 54 00:03:21,710 --> 00:03:24,650 KT: I don't know, maybe a dozen tables or so, but 55 00:03:24,650 --> 00:03:27,769 KT: the food was delicious. 56 00:03:27,990 --> 00:03:32,550 Suze: More important than the food really is that we started 57 00:03:32,550 --> 00:03:34,410 Suze: to talk to Chef Michael. 58 00:03:35,020 --> 00:03:40,470 Suze: And he gave us some advice or something that... 59 00:03:40,830 --> 00:03:44,940 KT: No, no, no, he was admiring you, Suze. And Susie 60 00:03:44,940 --> 00:03:48,470 KT: was explaining that she's gonna be 75 and we're celebrating 61 00:03:48,470 --> 00:03:51,550 KT: her birthday, blah blah blah and he said, you, Suze, 62 00:03:51,669 --> 00:03:54,470 KT: I've been listening to for a very long time and 63 00:03:54,470 --> 00:03:57,789 KT: you not only have knowledge but you have wisdom. 64 00:03:58,419 --> 00:03:58,949 KT: And she... 65 00:03:59,070 --> 00:04:02,149 Suze: And of course I said, so what's the difference, between 66 00:04:02,149 --> 00:04:05,240 Suze: the two? You have to listen to this answer actually. 67 00:04:05,470 --> 00:04:08,470 Suze: Get out your Suze notebooks. I know it's not Sunday, 68 00:04:08,550 --> 00:04:12,300 Suze: but get them out anyway. You need to write this 69 00:04:12,309 --> 00:04:15,869 Suze: down because it's one of the more brilliant things I 70 00:04:15,869 --> 00:04:19,089 Suze: have ever heard. KT, go. 71 00:04:19,190 --> 00:04:23,989 KT: OK, so Chef Michael said, Well, Suze, when one has knowledge, 72 00:04:24,269 --> 00:04:27,269 KT: you know that a tomato is a fruit. 73 00:04:27,820 --> 00:04:30,420 KT: And it's classified as a fruit, isn't it? And we 74 00:04:30,420 --> 00:04:34,040 KT: said yes. And he said, but when one has wisdom, 75 00:04:34,420 --> 00:04:39,839 KT: they know never to add tomatoes to fruit salad. 76 00:04:40,260 --> 00:04:43,179 Suze: I love that. I love there you have it for 77 00:04:43,178 --> 00:04:46,659 Suze: that reason alone. You should all go to his restaurant. Really, 78 00:04:46,779 --> 00:04:48,220 Suze: that is a man 79 00:04:49,079 --> 00:04:52,559 Suze: who when he has understanding of life he has understanding 80 00:04:52,559 --> 00:04:54,269 Suze: of how to be a great Chef. But anyway. 81 00:04:55,549 --> 00:04:55,950 KT: All right.. 82 00:04:56,149 --> 00:04:57,980 Suze: KT, what do you got for me, sweetheart? 83 00:04:58,010 --> 00:05:02,909 KT: OK, so from Jennifer, my first question is Hi KT 84 00:05:02,910 --> 00:05:07,779 KT: and Suze, long time listener, first time emailer. As a 85 00:05:07,779 --> 00:05:12,899 KT: longtime listener, we have only ever bought term life insurance. 86 00:05:12,988 --> 00:05:13,790 Suze: Good on you. 87 00:05:14,890 --> 00:05:18,130 KT: Yeah. She said, my policies are ending their term and 88 00:05:18,130 --> 00:05:22,000 KT: are time to end with our retirement date. If we 89 00:05:22,000 --> 00:05:25,609 KT: have saved and have plenty to cover our retirement, they 90 00:05:25,609 --> 00:05:27,510 KT: actually have several million, Suze. 91 00:05:27,730 --> 00:05:29,969 Suze: Of course they do because they've listened to me forever. 92 00:05:30,089 --> 00:05:34,890 KT: She said. Is it OK to no longer carry life insurance? 93 00:05:35,209 --> 00:05:38,839 KT: I just wanna make sure I understand the end game. 94 00:05:39,290 --> 00:05:40,609 Suze: So here's the end game. 95 00:05:41,178 --> 00:05:46,959 Suze: Especially with term insurance, everybody, in case you don't know, 96 00:05:47,459 --> 00:05:52,010 Suze: term insurance is good for a specific period of time, 97 00:05:52,130 --> 00:05:56,140 Suze: a term. It could be one year, five years, 10 years, 98 00:05:56,238 --> 00:05:58,149 Suze: 20 years, or 30 years. 99 00:05:58,649 --> 00:06:03,739 Suze: And normally during your younger years, when in case something 100 00:06:03,738 --> 00:06:07,459 Suze: happened to you, if there was anybody that was financially 101 00:06:07,459 --> 00:06:11,058 Suze: dependent upon you and you died, you would be able 102 00:06:11,059 --> 00:06:13,738 Suze: to provide insurance for them. 103 00:06:14,160 --> 00:06:20,489 Suze: But because term insurance ends usually when you're older, or 104 00:06:20,488 --> 00:06:23,489 Suze: it gets too expensive to have when you're older and 105 00:06:23,488 --> 00:06:28,329 Suze: probably going to die, term insurance is very cost effective 106 00:06:28,329 --> 00:06:31,209 Suze: to have when you are younger. 107 00:06:32,019 --> 00:06:37,100 Suze: And so therefore as you start getting older because term 108 00:06:37,100 --> 00:06:41,269 Suze: insurance that protects you has been there, you get to 109 00:06:41,269 --> 00:06:44,269 Suze: save a lot of money because I just have to 110 00:06:44,269 --> 00:06:47,868 Suze: say this, KT, a lot of people have whole life, 111 00:06:48,190 --> 00:06:53,669 Suze: universal life, variable life, and that, in my opinion, in 112 00:06:53,670 --> 00:06:57,070 Suze: most cases is the biggest rip off out there. 113 00:06:57,549 --> 00:07:00,910 Suze: You are not meant to die with insurance. You are 114 00:07:00,910 --> 00:07:05,209 Suze: not meant to get older and then get an insurance policy. 115 00:07:05,399 --> 00:07:08,589 Suze: Insurance is to be there during your younger years when 116 00:07:08,589 --> 00:07:12,029 Suze: you don't have money, if you were to die to 117 00:07:12,029 --> 00:07:16,309 Suze: help somebody who's financially dependent upon you. So Jennifer, in 118 00:07:16,309 --> 00:07:18,730 Suze: your case, you are now older. 119 00:07:19,600 --> 00:07:21,790 Suze: You saved all the money that you would have wasted 120 00:07:21,790 --> 00:07:26,010 Suze: on whole life, universal or variable life. You probably invested 121 00:07:26,010 --> 00:07:29,000 Suze: it and everything, which is why you now have millions. 122 00:07:29,410 --> 00:07:33,279 Suze: So now that you have money, no matter what, if 123 00:07:33,279 --> 00:07:35,309 Suze: one of you dies, the other one is OK. 124 00:07:36,299 --> 00:07:40,859 Suze: Now is the time. You no longer need insurance anymore. 125 00:07:41,019 --> 00:07:41,940 Suze: Next question, KT. 126 00:07:42,059 --> 00:07:44,739 KT: Wait, I have to tell everyone the ending to this 127 00:07:44,739 --> 00:07:49,720 KT: email is thank you, Suze, for all of your wise advice. 128 00:07:50,220 --> 00:07:53,820 KT: So there you go. You are the epitome of knowledge 129 00:07:53,820 --> 00:07:54,600 KT: and wisdom. 130 00:07:54,700 --> 00:07:58,899 Suze: Now, KT, given that you just said that, you just 131 00:07:58,899 --> 00:08:03,578 Suze: said that, I want you to remember next time we 132 00:08:03,579 --> 00:08:05,119 Suze: get into a little tiff. 133 00:08:05,920 --> 00:08:09,828 Suze: That I have knowledge and wisdom, just remember that. 134 00:08:10,619 --> 00:08:13,959 Suze: Oh, you should see your face. Everybody. What are you thinking? 135 00:08:14,059 --> 00:08:19,279 KT: That I have equally the same amount, if not more, 136 00:08:19,299 --> 00:08:20,779 KT: of knowledge and wisdom. 137 00:08:20,899 --> 00:08:21,820 Suze: That's my girl. 138 00:08:21,980 --> 00:08:25,329 KT: I have a whole lot of wisdom. I have knowledge, wisdom, 139 00:08:25,339 --> 00:08:26,760 KT: and experience. 140 00:08:27,220 --> 00:08:28,540 Suze: KT. I am older than you. 141 00:08:29,100 --> 00:08:31,140 KT: So what? I've been around the world three or four 142 00:08:31,140 --> 00:08:32,460 KT: times more than you. 143 00:08:32,900 --> 00:08:35,799 KT: I have knowledge, wisdom, and experience. 144 00:08:36,140 --> 00:08:38,619 Suze: I'm wise enough to know to stop while I'm still 145 00:08:38,619 --> 00:08:39,819 Suze: maybe a little bit ahead. 146 00:08:40,140 --> 00:08:42,859 KT: OK. My next email is from Elizabeth. She said, Hi, 147 00:08:42,979 --> 00:08:47,419 KT: KT and Suze. I just recently started listening to your podcast. 148 00:08:47,619 --> 00:08:48,739 KT: I know. Where have I been? 149 00:08:49,140 --> 00:08:50,939 Suze: Oh my God, that's so funny. You know what I 150 00:08:50,940 --> 00:08:53,580 Suze: just thought to myself as she said that? I went, yeah, 151 00:08:53,679 --> 00:08:55,784 Suze: like where have you been for the past 45 years? 152 00:08:57,385 --> 00:08:59,974 KT: She answered you. She said, and I've gotten a serious education in 153 00:08:59,974 --> 00:09:03,784 KT: the three weeks since I started listening. I have looked 154 00:09:03,784 --> 00:09:07,405 KT: into the must-have documents. I've gotten my mother to talk 155 00:09:07,405 --> 00:09:10,825 KT: to a lawyer about a revocable trust and looked into 156 00:09:10,825 --> 00:09:15,364 KT: my life insurance policy, which I learned I don't need. 157 00:09:16,450 --> 00:09:19,530 KT: She said, my parents bought a universal life policy for 158 00:09:19,530 --> 00:09:22,409 KT: me when I was a minor and offered it to 159 00:09:22,409 --> 00:09:25,169 KT: me to take over when I turned 21. 160 00:09:25,549 --> 00:09:30,109 KT: I'm 54 and I've been carrying it ever since. I 161 00:09:30,109 --> 00:09:32,510 KT: thought it was important to have to take care of 162 00:09:32,510 --> 00:09:36,190 KT: funeral expenses, so I kept it. I know now that 163 00:09:36,190 --> 00:09:38,869 KT: I don't need it and there's no one who is 164 00:09:38,869 --> 00:09:46,869 KT: financially dependent on me. The yearly premium is $187 and 165 00:09:46,869 --> 00:09:51,349 KT: the current cash surrender value is about $5,200. 166 00:09:52,359 --> 00:09:55,289 KT: I think I know what you will say, but wanted 167 00:09:55,289 --> 00:09:57,650 KT: to ask what is the best way to make use 168 00:09:57,650 --> 00:10:01,489 KT: of this money once I cash it out. I'm guessing 169 00:10:01,489 --> 00:10:05,349 KT: a Roth. I've also been quite behind in my retirement, 170 00:10:05,609 --> 00:10:08,369 KT: but I was also considering paying down a credit card 171 00:10:08,534 --> 00:10:15,694 KT: with $8,200. Ooh ouch at 17.99%. I also do not 172 00:10:15,695 --> 00:10:20,054 KT: have an emergency fund, but Susie, I'm feeling very good 173 00:10:20,054 --> 00:10:23,534 KT: about this decision to ditch the insurance and would love 174 00:10:23,534 --> 00:10:24,594 KT: your input. 175 00:10:24,950 --> 00:10:25,739 Suze: So I'd like... 176 00:10:25,750 --> 00:10:27,848 KT: So she's starting, she's just listening to you. 177 00:10:28,510 --> 00:10:32,590 Suze: So Elizabeth, given that I just answered a question on 178 00:10:32,590 --> 00:10:35,270 Suze: term insurance and said in that question that I just 179 00:10:35,270 --> 00:10:39,989 Suze: hate universal variable and whole life insurance, now I get 180 00:10:39,989 --> 00:10:44,539 Suze: to give everybody an example of why you just heard 181 00:10:44,539 --> 00:10:53,469 Suze: Elizabeth write that her yearly premiums were only $187 a year. 182 00:10:54,159 --> 00:10:56,479 Suze: You also heard her say that she took it over 183 00:10:56,479 --> 00:11:02,098 Suze: at 21. She's now 54. That's 33 years. 184 00:11:02,739 --> 00:11:07,459 Suze: That she's been paying $187 a year and you also 185 00:11:07,460 --> 00:11:11,359 Suze: heard her say that the cash value of this policy 186 00:11:11,359 --> 00:11:18,400 Suze: was $5,200. Do you know that if Elizabeth had simply 187 00:11:18,900 --> 00:11:24,260 Suze: taken that $187 a year and put it somewhere and 188 00:11:24,260 --> 00:11:28,739 Suze: just got a 7% annual average rate of return, which 189 00:11:28,739 --> 00:11:30,780 Suze: is not that much. 190 00:11:31,390 --> 00:11:37,789 Suze: That she would have approximately $24,000. 191 00:11:38,849 --> 00:11:42,090 Suze: But instead, she has a life insurance policy that she 192 00:11:42,090 --> 00:11:47,950 Suze: doesn't need with a cash value of $5,200. Do you understand, everybody, 193 00:11:48,210 --> 00:11:51,890 Suze: that when you have a universal variable or whole life 194 00:11:51,890 --> 00:11:53,109 Suze: insurance policy, 195 00:11:53,919 --> 00:11:56,959 Suze: Why, probably it could be one of the biggest wastes 196 00:11:56,960 --> 00:12:01,400 Suze: of money ever versus a term policy, which probably at 197 00:12:01,400 --> 00:12:05,239 Suze: her age would have been $10 or $25 or $30 198 00:12:05,239 --> 00:12:06,739 Suze: even a year, who knows. 199 00:12:07,469 --> 00:12:11,750 Suze: And guess what, she could have invested that money. Now, 200 00:12:12,150 --> 00:12:15,770 Suze: what should she do with that money, KT? What's the answer? 201 00:12:16,510 --> 00:12:19,030 KT: Boy, I'd get that ouch out of my life. I'd 202 00:12:19,030 --> 00:12:22,549 KT: get rid of that credit card debt at 17.99. 203 00:12:22,750 --> 00:12:24,210 Suze: Ding a ding a ding a ding a ding a 204 00:12:24,210 --> 00:12:26,590 Suze: ding a ding. So listen, Elizabeth. 205 00:12:27,690 --> 00:12:33,010 Suze: What if I told you I can guarantee you an 18% 206 00:12:33,010 --> 00:12:37,848 Suze: return on your money without any risk, any downside, and 207 00:12:37,849 --> 00:12:40,250 Suze: I could do that. Would you take that? 208 00:12:40,640 --> 00:12:44,650 Suze: And you would absolutely say yes and how would we 209 00:12:44,650 --> 00:12:47,130 Suze: do that? We would get rid of it by getting 210 00:12:47,130 --> 00:12:52,419 Suze: rid of your $8,200 of credit card debt just that simple. 211 00:12:52,770 --> 00:12:59,320 Suze: So all $5,200 goes to pay off that debt and 212 00:12:59,320 --> 00:13:04,489 Suze: then your goal is going to be to absolutely be 213 00:13:04,489 --> 00:13:08,030 Suze: able to get $3,000 more dollars from somewhere. 214 00:13:08,820 --> 00:13:11,580 Suze: Saving. Well, I don't care where it is. You go 215 00:13:11,580 --> 00:13:14,159 Suze: out and you get another job, you do whatever it takes, 216 00:13:14,330 --> 00:13:19,479 Suze: and you get rid of all $80,200 of that debt. 217 00:13:20,000 --> 00:13:21,159 Suze: Then the money 218 00:13:21,479 --> 00:13:25,799 Suze: that you are paying towards that debt, you start putting 219 00:13:25,799 --> 00:13:31,979 Suze: it towards a Roth IRA because remember a Roth IRA 220 00:13:31,979 --> 00:13:34,719 Suze: no matter what your age or how long the money 221 00:13:34,719 --> 00:13:37,719 Suze: has been in there, you can take out your original 222 00:13:37,719 --> 00:13:40,439 Suze: contributions at any time without 223 00:13:40,604 --> 00:13:46,364 Suze: taxes or penalties. Therefore, your Roth IRA can double as 224 00:13:46,364 --> 00:13:50,364 Suze: an emergency savings account or an emergency fund if you 225 00:13:50,364 --> 00:13:53,544 Suze: just simply leave that money in a money market account 226 00:13:53,994 --> 00:13:59,424 Suze: within the Roth IRA. Once you have more money building there. 227 00:14:00,570 --> 00:14:05,039 Suze: Then we start your own emergency account, but for now, 228 00:14:05,369 --> 00:14:08,049 Suze: that is exactly what I want you to do. 229 00:14:08,770 --> 00:14:12,329 Suze: I just have to add one more thing, Elizabeth. I 230 00:14:12,330 --> 00:14:16,130 Suze: think I heard KT say that in the shorter period 231 00:14:16,130 --> 00:14:19,250 Suze: of time that you've been listening, you looked into the 232 00:14:19,250 --> 00:14:23,309 Suze: must-have documents and had your mother talk to an attorney 233 00:14:23,729 --> 00:14:27,500 Suze: about a living revocable trust. I just wanna say something. 234 00:14:27,909 --> 00:14:32,140 Suze: Make sure you listen to the webinar on June 4th. 235 00:14:32,380 --> 00:14:36,090 Suze: If you haven't registered, go to Suzeorman.com and do so, 236 00:14:36,590 --> 00:14:41,070 Suze: because it is in that webinar at the end, 237 00:14:41,830 --> 00:14:47,390 Suze: that there will be birthday pricing for the must-have documents. Now, 238 00:14:47,510 --> 00:14:50,989 Suze: I want you all to listen to me sometime at 239 00:14:50,989 --> 00:14:52,979 Suze: the end of June. 240 00:14:54,020 --> 00:14:56,780 Suze: You have to watch for this. The price is going 241 00:14:56,780 --> 00:15:02,890 Suze: to go up for the must-have documents to $153. So 242 00:15:02,890 --> 00:15:06,020 Suze: if there was ever a time that you wanted to 243 00:15:06,020 --> 00:15:11,419 Suze: get the must-have documents, it's for the birthday pricing, and 244 00:15:11,419 --> 00:15:11,460 Suze: you 245 00:15:11,655 --> 00:15:14,414 Suze: all know that I tie it towards my birthday age. 246 00:15:14,695 --> 00:15:16,054 KT: She's gonna be 75. 247 00:15:16,205 --> 00:15:20,984 Suze: So it's going to be $75. All right, so don't 248 00:15:21,255 --> 00:15:27,494 Suze: buy it now at $99. Wait until the birthday, June 249 00:15:27,494 --> 00:15:29,114 Suze: 4th pricing. 250 00:15:29,479 --> 00:15:31,250 Suze: And by the way, I just have to tell you 251 00:15:31,250 --> 00:15:35,039 Suze: this as well. The ultimate scam protection is also gonna 252 00:15:35,039 --> 00:15:37,969 Suze: be $75. 253 00:15:38,369 --> 00:15:39,789 KT: Isn't that supposed to be a surprise? 254 00:15:39,880 --> 00:15:43,690 Suze: Oh, who cares? I just don't want people, KT, to 255 00:15:43,690 --> 00:15:43,849 Suze: go and buy it now... 256 00:15:43,849 --> 00:15:46,729 KT: She doesn't want you to buy it now when we know on 257 00:15:46,729 --> 00:15:47,890 KT: June 4th, which is... 258 00:15:47,994 --> 00:15:50,955 Suze: Right around the corner, right, that you could buy it 259 00:15:50,955 --> 00:15:53,715 Suze: for less, but the main thing I wanted you to 260 00:15:53,715 --> 00:15:57,184 Suze: know is that those $2,500 worth of state of the 261 00:15:57,184 --> 00:16:01,375 Suze: art documents, good in all states that you can share 262 00:16:01,544 --> 00:16:04,434 Suze: with your mother, with your family members. I don't care 263 00:16:04,434 --> 00:16:10,635 Suze: if you have 25 family members, $75 but sometime at 264 00:16:10,635 --> 00:16:12,594 Suze: the end of June, 265 00:16:13,690 --> 00:16:21,039 Suze: it's going up to $153. Just think about it. And 266 00:16:21,039 --> 00:16:24,229 Suze: if you haven't done it before, now is the time. 267 00:16:24,369 --> 00:16:25,849 Suze: All right, KT. OK. 268 00:16:25,969 --> 00:16:30,330 KT: Next is from Irene. Irene is a mom who said, Suze, 269 00:16:30,409 --> 00:16:34,710 KT: I need your advice regarding purchasing or leasing a car 270 00:16:34,710 --> 00:16:36,280 KT: for a college student. 271 00:16:36,369 --> 00:16:37,690 Suze: That's simple. Purchase. Go on. 272 00:16:38,369 --> 00:16:42,250 KT: She said. My daughter's going into her sophomore year at college. 273 00:16:42,840 --> 00:16:46,000 KT: And she's attending a college in Florida that she's not 274 00:16:46,000 --> 00:16:49,179 KT: allowed in the next year to live on campus or 275 00:16:49,229 --> 00:16:52,280 KT: or they make it difficult. There's no housing, so she 276 00:16:52,280 --> 00:16:55,359 KT: said in this case she needs a car. Is it 277 00:16:55,359 --> 00:16:58,599 KT: worth it to lease one for three years or purchase 278 00:16:58,599 --> 00:16:59,880 KT: a used car? 279 00:17:00,380 --> 00:17:04,219 KT: I'm a single widow mother and she does want a 280 00:17:04,219 --> 00:17:07,339 KT: way to be able to work and help out, but 281 00:17:07,339 --> 00:17:11,180 KT: she needs a vehicle. Thank you so much from Irene. 282 00:17:11,339 --> 00:17:14,698 Suze: Here's the truth, Irene. She's not only needing a vehicle now, 283 00:17:15,020 --> 00:17:15,579 Suze: she's gonna need 284 00:17:15,655 --> 00:17:18,255 Suze: a vehicle for the rest of her life. I need 285 00:17:18,255 --> 00:17:21,333 Suze: you to think about it that way. When you lease 286 00:17:21,334 --> 00:17:24,294 Suze: a car, you pay for it for three years. At 287 00:17:24,295 --> 00:17:26,895 Suze: the end of the three years, you turn it back in. 288 00:17:27,175 --> 00:17:29,574 Suze: Now where are you? Now you have to do it 289 00:17:29,574 --> 00:17:30,935 Suze: all over again. 290 00:17:32,030 --> 00:17:35,650 Suze: Here's what you need to get, Irene. There are great 291 00:17:35,829 --> 00:17:40,149 Suze: used cars still out there. There really are. So look 292 00:17:40,150 --> 00:17:44,589 Suze: around and get her a car that's a used car, 293 00:17:44,709 --> 00:17:47,430 Suze: and if you have to finance it, fine, finance it 294 00:17:47,430 --> 00:17:51,390 Suze: over three years or so. And therefore, at the end 295 00:17:51,390 --> 00:17:55,130 Suze: of three years, guess what? She still has a car. 296 00:17:55,780 --> 00:17:56,390 Suze: Just saying. 297 00:17:56,800 --> 00:17:58,238 Suze: You know, KT, I know a lot of people are 298 00:17:58,239 --> 00:18:00,479 Suze: gonna say, but there's all these things you have to 299 00:18:00,479 --> 00:18:03,040 Suze: do to fix it, and this breaks, and it's just 300 00:18:03,040 --> 00:18:06,439 Suze: easier to get a brand new car. No, it's not. 301 00:18:06,520 --> 00:18:10,500 Suze: Don't be lazy. Don't be lazy and lease a car. 302 00:18:10,640 --> 00:18:11,979 Suze: All right, go on, KT. 303 00:18:12,719 --> 00:18:16,810 KT: OK, this is from Heather. Greetings KT and Suze. I'm 304 00:18:16,810 --> 00:18:19,649 KT: writing to ask for your advice on whether I should 305 00:18:19,650 --> 00:18:25,430 KT: purchase a long-term care insurance policy. I am 58 years old. 306 00:18:25,609 --> 00:18:30,930 KT: I'm a divorced female. I have three independent adult children. 307 00:18:31,250 --> 00:18:37,250 KT: My current net worth is 5.5 million, which includes 1.5 308 00:18:37,250 --> 00:18:42,030 KT: million in real estate and 4 million in investments at Fidelity. 309 00:18:42,500 --> 00:18:48,530 KT: I currently work as a server earning approximately $60,000 a year, 310 00:18:48,819 --> 00:18:53,579 KT: which is less than my annual expenses of $90,000 largely 311 00:18:53,579 --> 00:18:58,520 KT: due to taxes. I plan to wait until age 67 312 00:18:58,699 --> 00:19:02,938 KT: to take my maximum Social Security benefits, and I intend 313 00:19:02,939 --> 00:19:06,199 KT: to continue working as long as possible. 314 00:19:06,800 --> 00:19:09,770 KT: I do not have the extra cash in my current 315 00:19:09,770 --> 00:19:14,089 KT: budget to cover the premiums of a long-term care policy. 316 00:19:14,410 --> 00:19:17,929 KT: Should I purchase a policy or should I plan to 317 00:19:17,930 --> 00:19:23,869 KT: self-fund any potential nursing home care? Kindly, Heather. 318 00:19:24,329 --> 00:19:28,130 Suze: Heather, Heather, Heather, listen, before we even talk about if 319 00:19:28,130 --> 00:19:31,680 Suze: you should have long-term care insurance or not, I think 320 00:19:31,680 --> 00:19:35,729 Suze: you need to have a talk with your three adult children. 321 00:19:36,339 --> 00:19:40,520 Suze: And talk to them about kids. If something happens to mom, 322 00:19:40,900 --> 00:19:43,099 Suze: are you gonna let me move in with you? Do 323 00:19:43,099 --> 00:19:45,699 Suze: you even wanna move in with them? Do you have 324 00:19:45,699 --> 00:19:48,420 Suze: what it takes to also help me take care of 325 00:19:48,420 --> 00:19:49,979 Suze: myself as I get older? 326 00:19:50,660 --> 00:19:54,109 Suze: So that's the first thing you need to know. Number one, 327 00:19:54,339 --> 00:19:58,780 Suze: at 58 is the perfect age to look into getting 328 00:19:58,780 --> 00:20:02,619 Suze: long-term care insurance, and why is that? That's because most 329 00:20:02,619 --> 00:20:08,099 Suze: long-term care insurance policies skyrocket in premiums once you turn 330 00:20:08,099 --> 00:20:14,060 Suze: 60 or older in terms of self-funding. If you don't 331 00:20:14,060 --> 00:20:15,619 Suze: have the money today, 332 00:20:16,589 --> 00:20:21,329 Suze: in order to pay premiums and everything for long-term care. 333 00:20:21,790 --> 00:20:25,030 Suze: Why is that? It's because all you're looking at is 334 00:20:25,030 --> 00:20:27,949 Suze: what the amount of money that you bring in as 335 00:20:27,949 --> 00:20:29,129 Suze: a server. 336 00:20:29,880 --> 00:20:33,310 Suze: But you're ignoring the fact that you have $4 million 337 00:20:33,530 --> 00:20:37,229 Suze: in Fidelity. Put a pin in that for a second. 338 00:20:37,729 --> 00:20:41,250 Suze: If you don't have the money to pay for long-term 339 00:20:41,250 --> 00:20:45,290 Suze: care insurance today with that $4 million do you have 340 00:20:45,290 --> 00:20:49,880 Suze: any idea how fast $4 million will go down if 341 00:20:49,880 --> 00:20:54,229 Suze: you decide to self-insure and in 2 years from now 342 00:20:54,410 --> 00:20:57,469 Suze: you need full-time care? Are you kidding me? 343 00:20:58,439 --> 00:21:03,239 Suze: You are looking at probably one year paying more to 344 00:21:03,239 --> 00:21:07,859 Suze: self-insure yourself than you would maybe for the entire time 345 00:21:08,040 --> 00:21:12,420 Suze: you paid the premiums on the long-term care insurance policy. 346 00:21:12,760 --> 00:21:18,560 Suze: So if I were you, I would absolutely seriously consider it. 347 00:21:18,989 --> 00:21:22,630 Suze: Now, all of you know that I really think Phyllis 348 00:21:22,630 --> 00:21:27,310 Suze: Shelton is the absolute expert in the United States on 349 00:21:27,310 --> 00:21:31,589 Suze: long-term care insurance. She has many women who work with her. 350 00:21:32,189 --> 00:21:36,430 Suze: She will answer your questions for free and if you're 351 00:21:36,430 --> 00:21:40,550 Suze: interested and wanna know about long term care insurance, write 352 00:21:40,550 --> 00:21:49,829 Suze: Phyllis P H Y L L I S at gotLTCI.com. Again, 353 00:21:49,949 --> 00:21:52,290 Suze: I make absolutely no money if you use her. 354 00:21:52,561 --> 00:21:55,382 Suze: I just know when it comes to somebody being honest 355 00:21:55,522 --> 00:21:58,483 Suze: and to tell you what you need and what you 356 00:21:58,483 --> 00:22:02,042 Suze: don't need, she or the people that work with her 357 00:22:02,042 --> 00:22:04,363 Suze: will do that for you. KT, next question. 358 00:22:04,483 --> 00:22:07,322 KT: OK, this is from Lynn. I love this question. 359 00:22:07,561 --> 00:22:09,432 Suze: You just love it because it's your twin sister. 360 00:22:09,552 --> 00:22:12,662 KT: It is my sister's name, but listen to this. Hi, Suze. 361 00:22:13,135 --> 00:22:17,135 KT: I have to tell you, because of you the other 362 00:22:17,135 --> 00:22:20,495 KT: day I sat down with my husband and we went 363 00:22:20,494 --> 00:22:26,055 KT: over all of our finances. Now each time a bill 364 00:22:26,056 --> 00:22:28,755 KT: comes in, I am going to take care of it 365 00:22:29,015 --> 00:22:32,176 KT: to get used to it. Great. Now wait, here's the 366 00:22:32,176 --> 00:22:36,734 KT: best part of the email. Here's my question. Ready for this, everyone? 367 00:22:37,290 --> 00:22:42,839 KT: She's 75 years old and her husband's 78 and just now, 368 00:22:43,140 --> 00:22:47,859 KT: just now she is getting involved with her money, with their money. 369 00:22:48,930 --> 00:22:50,099 Suze: That's not surprising. 370 00:22:50,260 --> 00:22:51,839 KT: I love that. It's shocking to me. 371 00:22:51,300 --> 00:22:55,660 Suze: Maybe we share the same birthday. 372 00:22:55,939 --> 00:22:57,780 KT: I don't know, but she said we have an 373 00:22:57,880 --> 00:23:02,319 KT: account with Morgan Stanley. I know we have some ETFs, 374 00:23:02,520 --> 00:23:06,479 KT: but we also have many mutual funds. Should we be 375 00:23:06,479 --> 00:23:11,680 KT: selling those and investing more in ETFs at our age, 376 00:23:11,800 --> 00:23:15,760 KT: I do worry about not having a long time to 377 00:23:15,760 --> 00:23:18,659 KT: recover from losses in the stock market. 378 00:23:19,130 --> 00:23:20,500 KT: So I love this email. 379 00:23:21,290 --> 00:23:21,909 Suze: I see that. 380 00:23:22,010 --> 00:23:23,969 KT: Tell her to listen to the 4th. June 4th. 381 00:23:24,500 --> 00:23:26,849 Suze: Yeah, make sure you tune in June 4th to the 382 00:23:26,849 --> 00:23:30,409 Suze: webinar because Keith and I will be talking about that. 383 00:23:30,670 --> 00:23:33,010 Suze: We're gonna be talking about, by the way. 384 00:23:33,650 --> 00:23:37,369 Suze: Our opinion on bonds and I personally don't like bonds 385 00:23:37,369 --> 00:23:40,650 Suze: right now overall. I'll talk more about that on June 386 00:23:40,650 --> 00:23:45,089 Suze: 4th and I do think, however, dividend paying stocks that 387 00:23:45,089 --> 00:23:48,530 Suze: will also give you growth are where you wanna go 388 00:23:48,530 --> 00:23:52,329 Suze: when you do need income because you have to keep 389 00:23:52,329 --> 00:23:56,010 Suze: up with inflation and I personally think inflation is here 390 00:23:56,010 --> 00:23:59,410 Suze: to stay. I have a feeling that you 391 00:23:59,709 --> 00:24:03,069 Suze: need to make sure that you look at what your 392 00:24:03,069 --> 00:24:07,209 Suze: holdings are in your exchange traded funds that you currently 393 00:24:07,209 --> 00:24:10,969 Suze: have as well as your mutual funds that you have 394 00:24:11,229 --> 00:24:13,829 Suze: and do you have loaded mutual funds where you paid 395 00:24:13,829 --> 00:24:17,750 Suze: a commission to the financial adviser or are they no 396 00:24:17,750 --> 00:24:22,810 Suze: loaded funds and are you paying an investment advisory fee 397 00:24:23,109 --> 00:24:25,469 Suze: to that broker? 398 00:24:25,989 --> 00:24:30,780 Suze: So, that is what's important to understand about your money, 399 00:24:31,189 --> 00:24:34,189 Suze: because I would also venture a guess that you own 400 00:24:34,189 --> 00:24:38,150 Suze: many mutual funds and ETFs that all own the same 401 00:24:38,150 --> 00:24:42,270 Suze: stocks within the ETFs and mutual funds. So it is 402 00:24:42,270 --> 00:24:45,149 Suze: not just across the board that you should get rid 403 00:24:45,150 --> 00:24:50,109 Suze: of your mutual funds to do ETFs. What is across 404 00:24:50,109 --> 00:24:51,410 Suze: the board is this. 405 00:24:51,959 --> 00:24:57,790 Suze: Are you invested appropriately for what your needs and wants are? 406 00:24:58,310 --> 00:25:01,069 Suze: Do you feel secure in what you have and do 407 00:25:01,069 --> 00:25:05,270 Suze: you know what you have? So that's the key here. 408 00:25:05,589 --> 00:25:07,949 Suze: So if I were you, I would go and pay 409 00:25:07,949 --> 00:25:12,310 Suze: a visit to the Morgan Stanley broker and ask all 410 00:25:12,310 --> 00:25:17,030 Suze: those questions and have him go or her go through 411 00:25:17,030 --> 00:25:21,310 Suze: everything that is within every mutual fund and ETF that 412 00:25:21,310 --> 00:25:24,550 Suze: you have. And of course I'm going to want you 413 00:25:24,550 --> 00:25:29,929 Suze: to add the ETF F I T Z, to the equation. 414 00:25:30,109 --> 00:25:30,989 Suze: All right, yes, KT. 415 00:25:31,869 --> 00:25:34,699 KT: This is a very interesting one. This is from Cherise, 416 00:25:35,430 --> 00:25:38,589 KT: and she said, Hi, Suze. My husband and I got 417 00:25:38,589 --> 00:25:43,790 KT: married in 2018, and we have two kids, 6 and 4. 418 00:25:44,150 --> 00:25:48,770 KT: We combined finances in 2021 and bought a town home 419 00:25:48,770 --> 00:25:54,429 KT: in 2022 that honestly was probably a bit too expensive. 420 00:25:54,589 --> 00:25:55,188 Suze: I know where this is going. 421 00:25:55,546 --> 00:25:59,446 KT: Ready about 6 months later, right after baby number two, 422 00:25:59,705 --> 00:26:02,984 KT: he moved out. He said it was for his health 423 00:26:02,984 --> 00:26:06,265 KT: and that he needed time. He got his own apartment 424 00:26:06,265 --> 00:26:10,546 KT: and continued paying half of daycare, but I was left 425 00:26:10,546 --> 00:26:15,561 KT: covering the mortgage and utilities. Friends advised me to beg 426 00:26:15,561 --> 00:26:16,802 KT: him to come back. 427 00:26:17,001 --> 00:26:19,952 Suze: Get new friends. What is that about? 428 00:26:20,241 --> 00:26:23,001 KT: Well, wait a minute. After about six months, he did 429 00:26:23,281 --> 00:26:27,380 KT: that decision was more about my own sanity and stability 430 00:26:27,602 --> 00:26:32,472 KT: than anything else. Fast forward to now our youngest is four. 431 00:26:32,761 --> 00:26:37,880 KT: Our relationship is still strained, and communication is not our 432 00:26:37,881 --> 00:26:41,732 KT: strong suit, but we are good business partners. 433 00:26:42,219 --> 00:26:45,819 KT: I know I hate this, but we're both financially driven, 434 00:26:46,229 --> 00:26:50,069 KT: come from humble beginnings with no support, but each other 435 00:26:50,069 --> 00:26:53,349 KT: and the kids love him, so we are trying to 436 00:26:53,349 --> 00:26:56,949 KT: make it work. We've also aligned on a pretty aggressive 437 00:26:56,949 --> 00:27:01,050 KT: goal of reaching 5 million in the next 10 years. 438 00:27:01,349 --> 00:27:06,780 KT: My question is, before marriage, I had about 300,000 in assets. 439 00:27:07,069 --> 00:27:09,630 KT: He had about $100,000. 440 00:27:10,020 --> 00:27:13,270 KT: As we prepare to sell the town house, I have 441 00:27:13,270 --> 00:27:18,770 KT: an opportunity to separate out and protect my premarital assets, 442 00:27:19,030 --> 00:27:21,189 KT: and he's agreed to that verbally. 443 00:27:21,560 --> 00:27:24,708 KT: What's the best way to actually do this? Should I 444 00:27:24,709 --> 00:27:28,639 KT: buy a small condo in my own name or just 445 00:27:28,640 --> 00:27:32,520 KT: keep the money in a separate account? More broadly, how 446 00:27:32,520 --> 00:27:36,640 KT: do you keep some level of financial separation just in 447 00:27:36,640 --> 00:27:41,560 KT: case while still building a life and future together, especially 448 00:27:41,560 --> 00:27:42,659 KT: with kids. 449 00:27:43,619 --> 00:27:46,229 KT: I don't know about building a life and future together. 450 00:27:46,339 --> 00:27:47,219 KT: Do you, Suze? 451 00:27:47,420 --> 00:27:50,579 Suze: I tell you what I do know. What? All right, 452 00:27:50,780 --> 00:27:55,300 Suze: everybody sit down, sit down, because I haven't been aggravated 453 00:27:55,300 --> 00:28:00,719 Suze: at all in this podcast. But here's what I want 454 00:28:00,719 --> 00:28:02,760 Suze: to say to you, Cherise. Listen to me. 455 00:28:03,689 --> 00:28:06,410 Suze: I don't know what kind of friends begged you to 456 00:28:06,410 --> 00:28:10,149 Suze: go back on somebody who left you. All right, fine, 457 00:28:10,619 --> 00:28:11,489 Suze: and you did. 458 00:28:12,209 --> 00:28:16,699 Suze: But to answer your question number one, you are to 459 00:28:16,699 --> 00:28:20,829 Suze: sell this townhouse, and when you do, all of your 460 00:28:21,089 --> 00:28:25,829 Suze: premarital money is to go where? into a separate account 461 00:28:26,050 --> 00:28:29,089 Suze: in just your name, period. 462 00:28:30,010 --> 00:28:34,929 Suze: Just that simple. All right. However, here's what concerns me. 463 00:28:35,969 --> 00:28:40,339 Suze: If you can't communicate with him, which you said, your 464 00:28:40,339 --> 00:28:42,630 Suze: communication was not the best. 465 00:28:43,430 --> 00:28:49,109 Suze: You said that your relationship is still strained. What are 466 00:28:49,109 --> 00:28:54,839 Suze: you doing? You have a 6-year-old now. Nowhere did I 467 00:28:54,839 --> 00:28:59,630 Suze: hear KT say how old you were, but I'm still 468 00:28:59,630 --> 00:29:02,469 Suze: going to assume if you have a 6-year-old, you are 469 00:29:02,469 --> 00:29:07,510 Suze: still relatively young, maybe in your 40s, maybe your early 50s, 470 00:29:07,589 --> 00:29:11,709 Suze: who knows? What are you doing? 471 00:29:12,359 --> 00:29:17,709 Suze: And your goal is to accumulate $5 million then what? 472 00:29:18,369 --> 00:29:23,329 Suze: And the kids love him, so what? That doesn't mean 473 00:29:23,329 --> 00:29:25,810 Suze: he has to be out of their life, but I'm 474 00:29:25,810 --> 00:29:28,689 Suze: telling you this right now. In my opinion, he should 475 00:29:28,689 --> 00:29:33,469 Suze: be out of your life, period. So you separate the money. 476 00:29:34,010 --> 00:29:39,209 Suze: You separate from him. You take a leave. You say 477 00:29:39,209 --> 00:29:43,109 Suze: you need some time because girlfriend, you need time to see, 478 00:29:43,250 --> 00:29:46,010 Suze: can you make it on your own? You need that, 479 00:29:46,050 --> 00:29:48,150 Suze: and I know that you can. 480 00:29:48,949 --> 00:29:52,709 Suze: You don't put money before people and the people I'm 481 00:29:52,709 --> 00:29:56,589 Suze: talking about is you. You wanna build financial wealth with 482 00:29:56,589 --> 00:30:00,969 Suze: this man, but what do you wanna build emotionally for yourself? 483 00:30:01,390 --> 00:30:04,390 Suze: What are you showing your kids that, oh, stay with 484 00:30:04,390 --> 00:30:05,949 Suze: somebody that it's strained and 485 00:30:06,030 --> 00:30:09,579 Suze: your communication isn't good, but, but you make good partners. 486 00:30:09,750 --> 00:30:11,790 Suze: There's no way you can make good partners if your 487 00:30:11,790 --> 00:30:16,920 Suze: communication is not good, and you are asking the questions, 488 00:30:17,030 --> 00:30:19,660 Suze: how do you keep things separate? How do you do that? 489 00:30:19,910 --> 00:30:24,060 Suze: The way you keep things separate is to separate and 490 00:30:24,060 --> 00:30:27,030 Suze: to literally give it a try. 491 00:30:27,660 --> 00:30:31,869 Suze: And therefore if you legally separate then all the money 492 00:30:31,869 --> 00:30:36,410 Suze: that you earned during that time, guess what, that's your money, 493 00:30:37,229 --> 00:30:42,189 Suze: not to be split together obviously you've done far better 494 00:30:42,189 --> 00:30:45,709 Suze: with money than he has obviously you were able to 495 00:30:45,709 --> 00:30:47,750 Suze: do great by yourself. 496 00:30:48,689 --> 00:30:51,089 Suze: And now you bought something that was a little bit 497 00:30:51,089 --> 00:30:54,569 Suze: too expensive and now you're asking this bottom line, girlfriend 498 00:30:54,569 --> 00:31:00,530 Suze: is separate, separate, separate, and look at the email that 499 00:31:00,530 --> 00:31:05,010 Suze: you wrote, the words that you used, and you will 500 00:31:05,010 --> 00:31:09,239 Suze: see that you have answered your own question. 501 00:31:09,770 --> 00:31:12,770 KT: Suze, I love that answer. You know why? Why? Because 502 00:31:12,770 --> 00:31:15,489 KT: when I was reading that I was thinking, what is 503 00:31:15,489 --> 00:31:19,920 KT: wrong with people that they put money as a priority? 504 00:31:20,369 --> 00:31:23,729 Suze: That's KT, not what they're really doing. What they're doing 505 00:31:23,729 --> 00:31:27,239 Suze: is they're afraid. Remember, everybody, I tell you, fear, shame, 506 00:31:27,250 --> 00:31:31,530 Suze: and anger, the three internal obstacles to wealth. She was 507 00:31:31,530 --> 00:31:33,810 Suze: afraid that she couldn't make it on her own. 508 00:31:34,599 --> 00:31:37,930 Suze: Right? She was afraid that she needed help. 509 00:31:38,869 --> 00:31:44,390 Suze: So, people stick in a situation, usually because they like 510 00:31:44,390 --> 00:31:47,150 Suze: their house, they want the kids to be OK, and 511 00:31:47,150 --> 00:31:49,530 Suze: they don't know what they would do if they would separate. 512 00:31:50,569 --> 00:31:52,650 Suze: Well, I can tell you out of the thousands that 513 00:31:52,650 --> 00:31:58,449 Suze: I've actually talked to that left without the answer to 514 00:31:58,449 --> 00:32:03,000 Suze: that question, they are doing so well. They have homes, 515 00:32:03,010 --> 00:32:08,089 Suze: this and that they're happy. So I am hoping all 516 00:32:08,089 --> 00:32:11,510 Suze: of you understood why I answered it the way I did. 517 00:32:11,849 --> 00:32:15,410 Suze: And if you happen to be in a situation like that, 518 00:32:15,890 --> 00:32:19,670 Suze: please put your heart before. 519 00:32:20,030 --> 00:32:24,229 Suze: Your head. All right, you know, it's funny, KT, when 520 00:32:24,229 --> 00:32:28,609 Suze: you go into temples all over the world and you bow, 521 00:32:29,189 --> 00:32:32,150 Suze: I always think to myself, do you know why people bow. 522 00:32:33,180 --> 00:32:34,849 Suze: I don't know if this is true or not. I've 523 00:32:34,849 --> 00:32:38,810 Suze: made this up so that for that moment in time 524 00:32:39,020 --> 00:32:43,979 Suze: your heart is above your head. It's your head and 525 00:32:43,979 --> 00:32:47,180 Suze: what you think and what other people think that will 526 00:32:47,180 --> 00:32:51,260 Suze: always get you in trouble. It's how you feel, how 527 00:32:51,260 --> 00:32:55,459 Suze: you want to feel, how you deserve to feel, that 528 00:32:55,459 --> 00:33:01,199 Suze: will really give you the happiness in life that you deserve. 529 00:33:01,709 --> 00:33:05,579 Suze: That's all I need to say. All right, KT, so 530 00:33:05,579 --> 00:33:07,949 Suze: until Sunday, I've no idea what Suze School is gonna 531 00:33:07,949 --> 00:33:08,569 Suze: be about. 532 00:33:08,920 --> 00:33:12,520 Suze: I have to tell you I loved last week's Suze School. 533 00:33:12,760 --> 00:33:16,040 Suze: I sat down. It was clear. It was exactly what 534 00:33:16,040 --> 00:33:19,479 Suze: I wanted to say. I didn't ramble. Sometimes I ramble. 535 00:33:19,599 --> 00:33:23,239 Suze: I know I ramble, but anyway, I loved it. If 536 00:33:23,239 --> 00:33:25,579 Suze: you haven't listened to it, listen to it. It's why 537 00:33:25,959 --> 00:33:30,349 Suze: I hate target date mutual funds, but it also gives 538 00:33:30,349 --> 00:33:31,760 Suze: you a little synopsis on. 539 00:33:31,890 --> 00:33:36,969 Suze: The economy, inflation, interest rates, bonds, and all of that. 540 00:33:37,290 --> 00:33:40,050 Suze: But until next Sunday, there's only one thing that we 541 00:33:40,050 --> 00:33:42,010 Suze: want people to remember. And what is it, KT? 542 00:33:42,130 --> 00:33:45,599 KT: It is this people first, then money, then things. 543 00:33:46,569 --> 00:33:49,280 Suze: And a tomato is a fruit, but don't put it 544 00:33:49,280 --> 00:33:52,650 Suze: in a fruit salad. All right, everybody, talk to you soon. 545 00:33:52,849 --> 00:33:54,250 KT: Bye bye.