1 00:00:07,760 --> 00:00:13,399 Suze: January 18, 2026. Welcome everybody to the Women in Money podcast, 2 00:00:13,409 --> 00:00:18,190 Suze: and everybody's smart enough to listen. And today is Suze School. 3 00:00:18,350 --> 00:00:20,379 Suze: That means you get me all to yourself. 4 00:00:21,579 --> 00:00:23,379 Suze: I know a lot of you are saying, but I 5 00:00:23,379 --> 00:00:26,620 Suze: miss KT. She's so sweet. She's so cute. 6 00:00:27,350 --> 00:00:30,950 Suze: And trust me, I know how adorable she is. If 7 00:00:30,950 --> 00:00:35,668 Suze: you think she's adorable on the podcast, you should see 8 00:00:35,668 --> 00:00:41,869 Suze: her in real life. That vitality, that love, that spirit, 9 00:00:41,990 --> 00:00:46,990 Suze: I'm telling you, just shines through when she's just doing 10 00:00:46,990 --> 00:00:49,090 Suze: everything that she really wants to do. 11 00:00:50,479 --> 00:00:53,080 Suze: On Thursday's podcast last Thursday. 12 00:00:54,259 --> 00:00:57,860 Suze: We opened up the podcast with KT reading an email 13 00:00:57,860 --> 00:01:00,740 Suze: from a man by the name of David, who said 14 00:01:00,740 --> 00:01:04,779 Suze: that last Sunday's podcast, which was my market projection, was 15 00:01:04,779 --> 00:01:08,500 Suze: his favorite podcast out of 25 years, I think of 16 00:01:08,500 --> 00:01:10,319 Suze: him listening to me. 17 00:01:11,110 --> 00:01:13,839 Suze: And KT just thought that was so great. 18 00:01:14,569 --> 00:01:18,300 Suze: And then I said, but those kinds of podcasts are 19 00:01:18,300 --> 00:01:20,819 Suze: not my favorite podcasts. 20 00:01:21,629 --> 00:01:26,039 Suze: And the real reason is that I could give you 21 00:01:26,040 --> 00:01:27,720 Suze: the best stocks to buy. 22 00:01:28,569 --> 00:01:31,529 Suze: I can give you the best forecast, the best this, 23 00:01:31,610 --> 00:01:32,610 Suze: the best that. 24 00:01:33,650 --> 00:01:38,268 Suze: But there's something that prevents you, not all of you, 25 00:01:38,569 --> 00:01:41,889 Suze: but many of you from doing that which I have 26 00:01:41,889 --> 00:01:43,330 Suze: told you to do. 27 00:01:44,830 --> 00:01:47,110 Suze: That's when I started to realize, 28 00:01:48,099 --> 00:01:50,709 Suze: that why is it that you don't do what you 29 00:01:50,709 --> 00:01:53,410 Suze: know you should do and you would say I'm afraid 30 00:01:53,510 --> 00:01:57,309 Suze: I'm ashamed, I'm angry, whatever it is, the three internal 31 00:01:57,309 --> 00:01:58,870 Suze: obstacles to wealth. 32 00:01:59,720 --> 00:02:03,489 Suze: But the one internal obstacle to wealth that I really 33 00:02:03,489 --> 00:02:06,750 Suze: want to focus on today is fear. 34 00:02:08,449 --> 00:02:12,610 Suze: What will your fear do, and how does it show 35 00:02:12,610 --> 00:02:16,369 Suze: up in your finances? OK, everybody. 36 00:02:17,339 --> 00:02:19,639 Suze: Now, that's number one. Number two. 37 00:02:21,169 --> 00:02:23,779 Suze: Many of you, and I mentioned this a little bit ago, 38 00:02:24,529 --> 00:02:26,929 Suze: wrote in and said, can you just do a podcast 39 00:02:26,929 --> 00:02:30,429 Suze: for us people who are in retirement, who are older 40 00:02:30,610 --> 00:02:32,600 Suze: and everything, and I kind of let you have it 41 00:02:32,600 --> 00:02:34,809 Suze: a little cause I was like, you know what, all 42 00:02:34,809 --> 00:02:40,559 Suze: the podcasts are for everybody. And then I started to realize, no, 43 00:02:41,130 --> 00:02:43,339 Suze: they're right. I was wrong. 44 00:02:44,190 --> 00:02:52,388 Suze: There's a different element of fear involved when you are 60, 65, 70, 45 00:02:52,470 --> 00:02:57,050 Suze: even 80, or 90, than when you are 25, 35, 45, 46 00:02:57,110 --> 00:02:58,470 Suze: and even 50. 47 00:02:59,160 --> 00:03:00,460 Suze: It is different. 48 00:03:01,589 --> 00:03:08,309 Suze: Today's podcast is especially for all of you who are 60, 65, 70, 49 00:03:08,389 --> 00:03:10,669 Suze: and 80. It is dedicated to you. 50 00:03:11,380 --> 00:03:14,059 Suze: However, if you're younger than that, 51 00:03:14,779 --> 00:03:19,300 Suze: this podcast can absolutely come to play in your life 52 00:03:19,300 --> 00:03:25,728 Suze: as well. So I ask you to listen with every molecule, atom, 53 00:03:26,100 --> 00:03:29,978 Suze: whatever else is in your body. So, I want you 54 00:03:29,979 --> 00:03:34,119 Suze: to listen to this with what I call elephant ears. 55 00:03:34,779 --> 00:03:38,699 Suze: As they say in India, listen carefully. 56 00:03:39,729 --> 00:03:41,070 Suze: Here's the scoop, everybody. 57 00:03:41,979 --> 00:03:49,300 Suze: When you're 60, 65, 70, 80, or 90, you have 58 00:03:49,300 --> 00:03:55,360 Suze: experienced and lived through multiple market crashes. 59 00:03:56,440 --> 00:04:01,449 Suze: And you think at this time that you're supposed to 60 00:04:01,449 --> 00:04:02,539 Suze: feel safe. 61 00:04:03,440 --> 00:04:08,630 Suze: But the history of living through all those market crashes up, down, up, 62 00:04:08,720 --> 00:04:10,880 Suze: down the 70s, the 80s, all of it. 63 00:04:12,149 --> 00:04:16,209 Suze: Here you are, you're supposed to feel safe, and yet 64 00:04:16,428 --> 00:04:21,450 Suze: you don't. And why is that most likely? It's because 65 00:04:21,670 --> 00:04:24,140 Suze: you're watching the markets move and 66 00:04:24,559 --> 00:04:26,850 Suze: As I've said, you're gonna see the markets go up, 67 00:04:26,928 --> 00:04:30,600 Suze: the markets go down, it's no longer gonna be straight up, really, 68 00:04:30,850 --> 00:04:34,209 Suze: like it was back in 2025, especially with the technology 69 00:04:34,209 --> 00:04:37,690 Suze: and the AI stocks. You're seeing stocks go up four 70 00:04:37,690 --> 00:04:40,309 Suze: points in one day, and the next day they're down five, 71 00:04:40,529 --> 00:04:42,850 Suze: and it's all over the place, so we feel like 72 00:04:42,850 --> 00:04:44,309 Suze: we're not going anywhere. 73 00:04:45,279 --> 00:04:50,670 Suze: You're hearing all these headlines, the headlines that are out there, 74 00:04:51,000 --> 00:04:54,380 Suze: such as, are we gonna go to war with Greenland? 75 00:04:54,799 --> 00:04:58,839 Suze: How about with Iran? What's happening in Minneapolis? What is 76 00:04:58,839 --> 00:05:02,519 Suze: going on in Venezuela? We are like all over the 77 00:05:02,519 --> 00:05:07,480 Suze: place and we are hearing and experiencing things that none 78 00:05:07,480 --> 00:05:10,480 Suze: of us, I don't care what your political affiliation is. 79 00:05:10,760 --> 00:05:12,619 Suze: Let's get real here, everybody. 80 00:05:13,260 --> 00:05:15,609 Suze: Whether you agree with it or you don't agree with 81 00:05:15,609 --> 00:05:20,140 Suze: it is not the point. All of us are experiencing 82 00:05:20,140 --> 00:05:22,899 Suze: things that we're seeing on the news that we have 83 00:05:22,899 --> 00:05:31,019 Suze: never ever seen before, ever, or even heard about before, ever. 84 00:05:32,160 --> 00:05:35,880 Suze: So when that happens, you then start to wonder. 85 00:05:36,869 --> 00:05:38,649 Suze: Do I have enough? 86 00:05:39,670 --> 00:05:42,750 Suze: Should I be doing something? What if I make the 87 00:05:42,750 --> 00:05:44,049 Suze: wrong move now? 88 00:05:44,790 --> 00:05:47,779 Suze: And the reason that I know that's what you're thinking 89 00:05:48,320 --> 00:05:51,618 Suze: is cause you write me and you tell me that. 90 00:05:52,820 --> 00:05:55,268 Suze: But I want all of you to listen to me 91 00:05:55,269 --> 00:05:57,208 Suze: really very carefully. 92 00:05:57,970 --> 00:06:00,839 Suze: And I say this with all the love in my heart, 93 00:06:00,928 --> 00:06:03,029 Suze: which is a lot of love, everybody. 94 00:06:03,910 --> 00:06:07,149 Suze: What you are feeling is not irrational. 95 00:06:08,079 --> 00:06:11,359 Suze: And it's not a sign that you're bad with money, 96 00:06:11,450 --> 00:06:16,649 Suze: so stop thinking that. Believe it or not, it is 97 00:06:16,649 --> 00:06:20,299 Suze: your nervous system talking. 98 00:06:21,299 --> 00:06:25,540 Suze: Now, I know about this, and I'll tell you why 99 00:06:25,540 --> 00:06:28,670 Suze: in a second, but here's what I want you to 100 00:06:28,670 --> 00:06:32,239 Suze: also understand when you are younger. 101 00:06:33,079 --> 00:06:36,109 Suze: And my little niece Sophia said this to me as 102 00:06:36,109 --> 00:06:39,549 Suze: well as some friends who I watch their investments and 103 00:06:39,549 --> 00:06:42,549 Suze: things like that. Oh, Suze, it doesn't matter. I'm in 104 00:06:42,549 --> 00:06:45,029 Suze: my twenties. I have years. I don't personally care what 105 00:06:45,029 --> 00:06:48,450 Suze: the market does. I'm not even watching it. I'm OK. 106 00:06:49,029 --> 00:06:52,149 Suze: So when you are younger, market drops. They just kind 107 00:06:52,149 --> 00:06:54,988 Suze: of feel like they're theoretical to you, not a big deal. 108 00:06:55,829 --> 00:07:01,760 Suze: But when you are older they feel personal and why 109 00:07:01,760 --> 00:07:06,140 Suze: is that? The truth is because there's less time to recover. 110 00:07:06,559 --> 00:07:08,839 Suze: Why do you think I always say to you, money 111 00:07:08,839 --> 00:07:11,679 Suze: that is in the stock market is money that you 112 00:07:11,679 --> 00:07:14,399 Suze: do not need for at least five or 10 years 113 00:07:14,399 --> 00:07:18,980 Suze: or longer. Why do you think I say that? Because 114 00:07:19,000 --> 00:07:23,100 Suze: there's less time to recover it if something goes wrong. 115 00:07:24,470 --> 00:07:29,410 Suze: Many of you are probably living on a fixed income, 116 00:07:29,869 --> 00:07:33,589 Suze: and now you're seeing interest rates go down, you're not 117 00:07:33,589 --> 00:07:36,769 Suze: getting as much on your CDs or in your treasuries. 118 00:07:36,950 --> 00:07:40,269 Suze: You hear that it's even gonna go down further. You 119 00:07:40,269 --> 00:07:42,609 Suze: felt safe because it was in a money market account, 120 00:07:42,910 --> 00:07:45,869 Suze: making 4, 4.5% interest, and now that's all the way 121 00:07:45,869 --> 00:07:50,709 Suze: down to 3%. All of those things play on you 122 00:07:50,709 --> 00:07:51,500 Suze: not feeling safe. 123 00:07:53,320 --> 00:07:55,459 Suze: Underline the word safe. 124 00:07:56,269 --> 00:07:58,809 Suze: By the way, do all of you have out your 125 00:07:58,809 --> 00:08:02,390 Suze: Suze notebooks? 'Cause there are things that I am probably 126 00:08:02,390 --> 00:08:04,769 Suze: gonna say in this podcast, 'cause I don't know exactly 127 00:08:04,769 --> 00:08:07,230 Suze: what I'm gonna say yet, but that I have a 128 00:08:07,230 --> 00:08:11,829 Suze: feeling you're gonna wanna know and remember, all right? And 129 00:08:11,829 --> 00:08:13,489 Suze: I know I always say, well, you can come back 130 00:08:13,489 --> 00:08:15,829 Suze: and listen to the podcast, but here's the problem, you 131 00:08:15,829 --> 00:08:18,700 Suze: can't remember what podcast it was. You don't wanna do that, 132 00:08:18,790 --> 00:08:21,250 Suze: just read your notes, all right? 133 00:08:21,980 --> 00:08:25,739 Suze: The next thing that is really personal to you right 134 00:08:25,739 --> 00:08:32,190 Suze: now are health care costs. Everybody, listen, I don't care 135 00:08:32,190 --> 00:08:36,799 Suze: whether you're older or younger, the cost of your insurance, 136 00:08:37,219 --> 00:08:41,699 Suze: the cost of your Medicare or Mediap insurance, whatever it is, 137 00:08:42,059 --> 00:08:46,409 Suze: it is skyrocketing on you if you are younger. I 138 00:08:46,409 --> 00:08:48,959 Suze: was just with my niece Katie up when we went 139 00:08:48,960 --> 00:08:50,179 Suze: to Amelia Island. 140 00:08:50,770 --> 00:08:54,690 Suze: She lives in Jacksonville and oh my God, she was 141 00:08:54,690 --> 00:08:59,150 Suze: telling me how her family, early forties, three young children, 142 00:08:59,369 --> 00:09:01,770 Suze: I think it's eight, six, and maybe one year right 143 00:09:01,770 --> 00:09:08,848 Suze: around there, $3500 a month for insurance for the five 144 00:09:08,849 --> 00:09:13,150 Suze: of them. I want you to just think about that, OK? 145 00:09:13,570 --> 00:09:18,650 Suze: That is a big deal for most people out there. 146 00:09:19,419 --> 00:09:23,539 Suze: So, all of these things add to the fact that 147 00:09:23,539 --> 00:09:26,900 Suze: you feel like every decision that you make right now 148 00:09:26,900 --> 00:09:30,059 Suze: is final. It's final. 149 00:09:30,950 --> 00:09:36,820 Suze: And all of this creates a specific kind of fear, 150 00:09:37,479 --> 00:09:41,479 Suze: a fear that goes like this: If I mess this 151 00:09:41,479 --> 00:09:46,598 Suze: up now, I can't fix it. Isn't that true? Don't 152 00:09:46,599 --> 00:09:49,159 Suze: you all think this? Oh my god, Suze, if I 153 00:09:49,159 --> 00:09:51,380 Suze: invest in this now and it doesn't work, I don't 154 00:09:51,380 --> 00:09:53,960 Suze: have time to fix it. I'm just gonna leave it safe. 155 00:09:54,039 --> 00:09:55,840 Suze: I'm coming out of the stock market because if it 156 00:09:55,840 --> 00:09:57,619 Suze: goes down, I can't fix it. 157 00:09:58,599 --> 00:10:00,630 Suze: And here is the bottom line. 158 00:10:01,599 --> 00:10:09,130 Suze: When you feel this fear, right? It changes, underline this, everybody, 159 00:10:09,359 --> 00:10:14,599 Suze: it changes how the brain works. Do you hear me? 160 00:10:16,049 --> 00:10:19,549 Suze: There is a biological system in your body. 161 00:10:20,280 --> 00:10:26,510 Suze: That decides whether you feel calm or panicked long before 162 00:10:26,690 --> 00:10:30,650 Suze: logic kicks in. Now, how do I know this to 163 00:10:30,650 --> 00:10:35,650 Suze: be true? Because I experienced it big time. 164 00:10:36,380 --> 00:10:41,819 Suze: I experienced it starting five years ago in July of 2020, 165 00:10:42,179 --> 00:10:48,020 Suze: after I had that really complicated and life threatening, lifestyle 166 00:10:48,020 --> 00:10:50,059 Suze: altering surgery. 167 00:10:50,809 --> 00:10:53,130 Suze: And after it was all over. 168 00:10:53,770 --> 00:10:58,330 Suze: And everybody told me how serious it was and how 169 00:10:58,330 --> 00:11:01,609 Suze: I would never recover 100%. 170 00:11:02,799 --> 00:11:07,329 Suze: I started to panic at little things. Is my left 171 00:11:07,330 --> 00:11:09,169 Suze: leg going to collapse and all of a sudden I'm 172 00:11:09,169 --> 00:11:11,809 Suze: going to fall? And when I tell you I started 173 00:11:11,809 --> 00:11:15,809 Suze: to panic, I honest to God started to panic. 174 00:11:17,530 --> 00:11:21,250 Suze: And it wasn't even logical. The things I was panicking 175 00:11:21,250 --> 00:11:23,450 Suze: about wasn't logical. 176 00:11:24,340 --> 00:11:27,030 Suze: And that's when I was talking to the doctors about it. 177 00:11:27,049 --> 00:11:31,200 Suze: It's like, this can't be. I'm Susie Orman. I'm strong. 178 00:11:31,340 --> 00:11:35,219 Suze: I'm this, and they said, Suze, you've been through a 179 00:11:35,219 --> 00:11:40,619 Suze: very traumatic event, so it is logical, but I want 180 00:11:40,619 --> 00:11:46,500 Suze: you to research something called the Polyvagal system. And I said, 181 00:11:46,539 --> 00:11:48,700 Suze: the poly what? They said, Suze, 182 00:11:49,219 --> 00:11:52,000 Suze: We're gonna give you information and you need to research 183 00:11:52,000 --> 00:11:57,000 Suze: it even more on your own, something called the Polyvagal system. 184 00:11:57,809 --> 00:12:00,650 Suze: Which is based on the work that somebody by the 185 00:12:00,650 --> 00:12:03,729 Suze: name of Stefan or Steven Porges, I think it's P 186 00:12:03,729 --> 00:12:05,650 Suze: O R G E S. I never did know how 187 00:12:05,650 --> 00:12:10,409 Suze: you pronounced his last name, what he created, cause this 188 00:12:10,409 --> 00:12:13,440 Suze: is what is happening to you. 189 00:12:14,489 --> 00:12:19,429 Suze: And my main question when I was going through all 190 00:12:19,429 --> 00:12:22,700 Suze: of this, I had one question. 191 00:12:23,630 --> 00:12:26,190 Suze: And my question was, am I safe? 192 00:12:26,979 --> 00:12:28,710 Suze: Am I really safe? 193 00:12:29,909 --> 00:12:32,549 Suze: And as time went on, 194 00:12:33,489 --> 00:12:38,130 Suze: Right, I started to realize that if my body doesn't 195 00:12:38,130 --> 00:12:44,190 Suze: feel safe, my brain cannot make wise decisions. 196 00:12:45,460 --> 00:12:48,059 Suze: As time went on and I learned about this and 197 00:12:48,059 --> 00:12:50,880 Suze: I learned how to control it, by the way, everybody. 198 00:12:51,849 --> 00:12:55,710 Suze: I realized, oh my God, this just doesn't apply to 199 00:12:55,710 --> 00:13:01,950 Suze: my health. This applies to every single one of you, 200 00:13:02,210 --> 00:13:05,950 Suze: if you don't feel safe with your money. 201 00:13:07,080 --> 00:13:10,760 Suze: And even though for years I've been saying fear is 202 00:13:10,760 --> 00:13:13,218 Suze: the main internal obstacle to wealth. 203 00:13:14,080 --> 00:13:18,359 Suze: I never actually knew why it was the main internal 204 00:13:18,359 --> 00:13:21,520 Suze: obstacle to wealth. I just had put that together out 205 00:13:21,520 --> 00:13:24,640 Suze: of all those years of seeing my clients not being 206 00:13:24,640 --> 00:13:27,679 Suze: able to do what they needed to do with money, 207 00:13:27,719 --> 00:13:30,119 Suze: even though they were brain surgeons at the time. 208 00:13:31,179 --> 00:13:35,840 Suze: I'm going to make it all financial from this point on, OK, everybody. 209 00:13:36,830 --> 00:13:41,940 Suze: But if your body does not feel safe, your brain 210 00:13:43,150 --> 00:13:47,280 Suze: cannot make wise financial decisions. 211 00:13:48,469 --> 00:13:51,710 Suze: Now, how do I know that that's true currently? 212 00:13:53,669 --> 00:13:57,169 Suze: I know because again you write me and you tell 213 00:13:57,169 --> 00:13:57,968 Suze: me this. 214 00:13:58,830 --> 00:14:03,968 Suze: You tell me, Suze. I know I'm totally diversified, but 215 00:14:04,469 --> 00:14:05,789 Suze: I'm still panicking. 216 00:14:07,320 --> 00:14:10,340 Suze: Suze, I know I don't need to sell. 217 00:14:11,119 --> 00:14:13,799 Suze: But yet I still feel desperate. I feel like I 218 00:14:13,799 --> 00:14:15,159 Suze: have to get out. 219 00:14:16,440 --> 00:14:18,890 Suze: Or you write me and you say I know we 220 00:14:18,890 --> 00:14:22,369 Suze: have the perfect plan. I know it, but all of 221 00:14:22,369 --> 00:14:25,049 Suze: a sudden, Suze, I want to blow it up. I 222 00:14:25,049 --> 00:14:26,450 Suze: want to get out. 223 00:14:27,580 --> 00:14:30,380 Suze: Why do you want to do those things? Because you 224 00:14:30,380 --> 00:14:34,700 Suze: don't feel safe, do you hear me? 225 00:14:35,510 --> 00:14:38,950 Suze: So this is not a weakness. This is not you 226 00:14:38,950 --> 00:14:41,789 Suze: being bad with your money. This is not you being 227 00:14:41,789 --> 00:14:45,309 Suze: financially capable. This is not you. 228 00:14:46,460 --> 00:14:50,960 Suze: This is biology that is within you that is ruling 229 00:14:51,349 --> 00:14:53,059 Suze: what you are doing. 230 00:14:53,929 --> 00:14:56,830 Suze: So, here's what I can tell you. 231 00:14:57,669 --> 00:15:01,549 Suze: That I have seriously learned and what I have taken 232 00:15:01,549 --> 00:15:05,390 Suze: from Steven Porges or Porges, or whatever his name is, 233 00:15:05,549 --> 00:15:09,270 Suze: let's just call him Steven, right? This is what I 234 00:15:09,270 --> 00:15:13,349 Suze: have learned about the systems and how they work when 235 00:15:13,349 --> 00:15:15,869 Suze: it comes to your money, OK? 236 00:15:16,859 --> 00:15:21,739 Suze: The first state is the calm state, because whenever I 237 00:15:21,739 --> 00:15:22,719 Suze: was calm. 238 00:15:23,969 --> 00:15:27,950 Suze: I felt safe, and when I was safe, I didn't panic. 239 00:15:28,869 --> 00:15:30,830 Suze: I didn't feel like, oh my God, I'm gonna da 240 00:15:30,830 --> 00:15:35,450 Suze: da da da. I felt safe. So when it comes 241 00:15:35,450 --> 00:15:37,210 Suze: to your finances, 242 00:15:38,070 --> 00:15:41,909 Suze: when you feel safe, you're calm, and then what do 243 00:15:41,909 --> 00:15:46,489 Suze: you do? Well, you stick to your plan. You understand 244 00:15:46,489 --> 00:15:48,080 Suze: the risk that you've taken. 245 00:15:48,799 --> 00:15:52,820 Suze: You ride out all the volatility of these stupid markets. 246 00:15:53,039 --> 00:15:56,260 Suze: You make thoughtful choices by when the markets go down, 247 00:15:56,640 --> 00:16:00,859 Suze: you continue to dollar cost average. And when you are 248 00:16:00,859 --> 00:16:03,280 Suze: in the calm state. 249 00:16:04,280 --> 00:16:07,309 Suze: That means you're safe, and this is where your wealth 250 00:16:07,309 --> 00:16:11,750 Suze: is protected. And why is it protected? It's because your 251 00:16:11,750 --> 00:16:17,429 Suze: brain is functioning, and you are doing things that are intelligent. 252 00:16:18,479 --> 00:16:20,919 Suze: Versus from fear. 253 00:16:21,590 --> 00:16:25,369 Suze: The next state is called the fear state. 254 00:16:26,099 --> 00:16:30,969 Suze: They call it actually fight or flight, and this is 255 00:16:30,969 --> 00:16:36,020 Suze: where you panic because when the markets start to go 256 00:16:36,020 --> 00:16:39,500 Suze: up and down, you don't understand them. You saw it 257 00:16:39,500 --> 00:16:45,380 Suze: happen everywhere in April when President Trump did what? He 258 00:16:45,380 --> 00:16:48,809 Suze: started to raise tariffs and I still never understood them, 259 00:16:48,859 --> 00:16:52,859 Suze: but that's besides the point and everybody panicked. 260 00:16:53,719 --> 00:16:58,080 Suze: So, this is when the markets go nuts and that 261 00:16:58,080 --> 00:17:01,219 Suze: triggers panic. So then what do you wanna do? 262 00:17:02,229 --> 00:17:04,089 Suze: You want to sell everything. 263 00:17:04,838 --> 00:17:09,558 Suze: You wanna move everything to cash. You wanna do something immediately. 264 00:17:09,638 --> 00:17:12,238 Suze: You don't wanna wait, you don't wanna see what happens 265 00:17:12,239 --> 00:17:15,158 Suze: next week. You call up your financial advisor or your 266 00:17:15,159 --> 00:17:16,718 Suze: broker and you go, sell everything. 267 00:17:17,958 --> 00:17:22,759 Suze: And you can't stop watching the financial news. It's like 268 00:17:22,759 --> 00:17:24,649 Suze: you're attracted to it. 269 00:17:25,699 --> 00:17:29,579 Suze: So again, you either fight it or flight, but this 270 00:17:29,579 --> 00:17:36,520 Suze: causes the fear state. And again, let me be clear, urgency. 271 00:17:36,939 --> 00:17:41,180 Suze: You doing something immediately, you feeling like you have to 272 00:17:41,180 --> 00:17:44,219 Suze: act and you've never thought that way before, it is 273 00:17:44,219 --> 00:17:49,739 Suze: the number one enemy of wealth. Fear more than shame 274 00:17:49,739 --> 00:17:55,899 Suze: and anger really is the number one enemy of wealth. 275 00:17:56,719 --> 00:17:58,140 Suze: You writing this all down? 276 00:17:59,229 --> 00:18:02,949 Suze: Next, and this one makes me so sad, cause I 277 00:18:02,949 --> 00:18:06,829 Suze: saw it so much during my Oprah years when I 278 00:18:06,829 --> 00:18:09,630 Suze: would go into people's houses and I would, it, it's just, 279 00:18:09,829 --> 00:18:11,400 Suze: it made me so sad. 280 00:18:12,229 --> 00:18:16,280 Suze: And it is called the shutdown state. 281 00:18:17,650 --> 00:18:22,708 Suze: This is where you freeze. you just totally freeze. And 282 00:18:23,290 --> 00:18:27,280 Suze: what happens, I'll tell you, when you freeze, and you're 283 00:18:27,280 --> 00:18:30,699 Suze: freezing cause you don't feel safe, right? And then fear 284 00:18:30,699 --> 00:18:34,050 Suze: kicks in, you stop opening your statements. 285 00:18:35,089 --> 00:18:39,329 Suze: You ignore your required minimum distributions that you need to 286 00:18:39,329 --> 00:18:42,129 Suze: make and then you have a penalty. You don't call 287 00:18:42,130 --> 00:18:46,010 Suze: your adviser and ask about anything, and the truth of 288 00:18:46,010 --> 00:18:50,569 Suze: the matter is you just, you, you feel numb. You 289 00:18:50,569 --> 00:18:55,489 Suze: feel tired. You're overwhelmed by everything, and I cannot tell 290 00:18:55,489 --> 00:19:01,410 Suze: you how many 35 and 40 year olds are stuck 291 00:19:01,410 --> 00:19:03,329 Suze: in this state. 292 00:19:03,829 --> 00:19:08,229 Suze: There is a serious model who I love so much. 293 00:19:08,310 --> 00:19:13,010 Suze: She's on cover. She is stunning, and I met her, 294 00:19:13,510 --> 00:19:16,500 Suze: and when I met her, she couldn't look at her statements. 295 00:19:16,630 --> 00:19:18,869 Suze: She didn't want to look at anything. She was making 296 00:19:18,869 --> 00:19:22,188 Suze: great money, but she was frozen. 297 00:19:22,810 --> 00:19:26,589 Suze: And we worked through her fear, what she was afraid 298 00:19:26,589 --> 00:19:28,050 Suze: of all of that. 299 00:19:28,869 --> 00:19:32,760 Suze: And now she is doing so fabulous with her money 300 00:19:33,119 --> 00:19:36,739 Suze: that she actually wrote me last night an email saying 301 00:19:36,880 --> 00:19:40,420 Suze: I was just with the financial advisor and I'm doing great. 302 00:19:40,430 --> 00:19:44,359 Suze: Everything's going according to plan. I feel so safe and 303 00:19:44,359 --> 00:19:47,119 Suze: I have to tell you truthfully, when she said that 304 00:19:47,119 --> 00:19:50,619 Suze: and I read it, that's kind of what really triggered 305 00:19:50,800 --> 00:19:56,150 Suze: this podcast today. But when you are in that frozen state, 306 00:19:56,239 --> 00:19:57,339 Suze: the shutdown state. 307 00:19:58,060 --> 00:19:59,959 Suze: Here's what you tell yourself. 308 00:20:00,699 --> 00:20:03,579 Suze: You say, I just can't deal with this anymore. I 309 00:20:03,579 --> 00:20:04,439 Suze: just can't do it. 310 00:20:05,199 --> 00:20:08,160 Suze: But here's what I want you to know, if this 311 00:20:08,160 --> 00:20:11,979 Suze: is you that I'm talking to. This is not giving up. 312 00:20:12,439 --> 00:20:17,479 Suze: This is your nervous system trying to protect you. 313 00:20:18,420 --> 00:20:25,040 Suze: That's right, it is your nervous system trying to protect you. Now, 314 00:20:25,459 --> 00:20:30,680 Suze: why is it when we become older, we feel all 315 00:20:30,680 --> 00:20:34,260 Suze: of this so intensely, it's not even funny. 316 00:20:35,170 --> 00:20:39,819 Suze: And because of this, and I can talk about it 317 00:20:39,819 --> 00:20:41,619 Suze: because I am aging. 318 00:20:42,349 --> 00:20:46,349 Suze: I am 75 in the next few months here whenever 319 00:20:46,349 --> 00:20:51,229 Suze: that comes in June, and I think about it. I think, 320 00:20:51,310 --> 00:20:54,229 Suze: oh my God, next I'm gonna be 80, then 85, 321 00:20:54,270 --> 00:20:58,369 Suze: and it's intense, everybody, when you start to get older, 322 00:20:58,510 --> 00:21:01,270 Suze: whether you know it or not because our bodies are 323 00:21:01,270 --> 00:21:04,430 Suze: getting older, some of us, but I'm like a 20 324 00:21:04,430 --> 00:21:07,589 Suze: year old inside. KT tells me I'm like a 2 325 00:21:07,589 --> 00:21:10,669 Suze: year old, but that's besides the point. All right, so 326 00:21:10,670 --> 00:21:11,689 Suze: the truth is. 327 00:21:12,199 --> 00:21:19,800 Suze: As we age, our tolerance for uncertainty absolutely decreases. It's 328 00:21:19,800 --> 00:21:24,920 Suze: like loss feels more threatening. Like, truthfully, I live in 329 00:21:24,920 --> 00:21:30,379 Suze: fear of possibly losing KT before I go, and it's, 330 00:21:30,439 --> 00:21:34,910 Suze: I feel threatened by that because I love her so much. 331 00:21:35,510 --> 00:21:39,410 Suze: And the body, I have to tell you, our stress 332 00:21:39,410 --> 00:21:44,910 Suze: response as we get older activates faster when we don't 333 00:21:45,089 --> 00:21:50,869 Suze: feel safe. So when the markets do swing, your body, 334 00:21:51,369 --> 00:21:56,729 Suze: listen to me, actually reacts as if my survival is 335 00:21:56,729 --> 00:21:57,810 Suze: at risk. 336 00:21:58,280 --> 00:22:02,400 Suze: That's why volatility feels physical to you. That's why you 337 00:22:02,400 --> 00:22:06,069 Suze: feel sick to your stomach, and that's why yelling at 338 00:22:06,069 --> 00:22:10,869 Suze: yourself to stay calm doesn't work or if your spouse says, 339 00:22:10,880 --> 00:22:14,639 Suze: just stay calm, it's OK, it doesn't work. 340 00:22:16,040 --> 00:22:20,300 Suze: Now, I'm gonna get to something that I found did work. However, 341 00:22:20,680 --> 00:22:25,709 Suze: but that is why everyone, you should never make money 342 00:22:25,709 --> 00:22:29,020 Suze: decisions in fear. So when you feel like you are afraid, 343 00:22:29,400 --> 00:22:32,000 Suze: when you feel like all of these emotions happening, you 344 00:22:32,000 --> 00:22:35,719 Suze: have to promise me you are not going to do anything. 345 00:22:35,959 --> 00:22:39,030 Suze: So again, I'm gonna say this as clearly as I can, 346 00:22:39,510 --> 00:22:42,959 Suze: fear-based decisions destroy wealth. 347 00:22:43,430 --> 00:22:45,550 Suze: And I know it for a fact because I have 348 00:22:45,550 --> 00:22:50,630 Suze: watched you sell at the bottom, lock in losses, miss recoveries, 349 00:22:50,869 --> 00:22:55,040 Suze: and regret it for the rest of your lives, not 350 00:22:55,040 --> 00:22:59,510 Suze: because you were stupid, but because you were scared. I'm 351 00:22:59,510 --> 00:23:03,910 Suze: now going to give you three of my rules that 352 00:23:03,910 --> 00:23:06,770 Suze: I want you to write down and do. 353 00:23:07,359 --> 00:23:12,609 Suze: Especially when the markets become really volatile, you are really afraid, 354 00:23:12,689 --> 00:23:16,569 Suze: and you're afraid, why? Because you don't feel safe. Here 355 00:23:16,569 --> 00:23:20,359 Suze: are three things that I want you to do. Now, 356 00:23:20,410 --> 00:23:21,349 Suze: the first one, 357 00:23:22,430 --> 00:23:25,889 Suze: I'm telling you because this is what I was taught 358 00:23:25,890 --> 00:23:30,310 Suze: to do and believe it or not it works so 359 00:23:30,310 --> 00:23:33,550 Suze: this isn't Suze Orman telling you to do this although 360 00:23:33,550 --> 00:23:36,790 Suze: I am right now. I'm telling you what I did 361 00:23:36,790 --> 00:23:39,810 Suze: to help me with my health when I was afraid 362 00:23:39,810 --> 00:23:43,569 Suze: and I didn't feel safe and I learned this again 363 00:23:43,829 --> 00:23:49,469 Suze: from that gentleman, Steven, who created this system when I 364 00:23:49,469 --> 00:23:50,750 Suze: researched him, all right. 365 00:23:51,689 --> 00:23:56,449 Suze: So the very first thing is, when you feel like 366 00:23:56,449 --> 00:24:02,469 Suze: you are just freaked out, before you make any financial move, 367 00:24:03,050 --> 00:24:05,699 Suze: I want you to take a breath through your nose. 368 00:24:08,420 --> 00:24:12,659 Suze: Then I want you to take a small second sip 369 00:24:12,660 --> 00:24:13,579 Suze: of air. 370 00:24:14,640 --> 00:24:19,339 Suze: Then I want you to exhale slowly through your mouth, 371 00:24:19,839 --> 00:24:23,639 Suze: and you need to do that three times. When you 372 00:24:23,640 --> 00:24:28,400 Suze: do that, believe it or not, it tells your nervous system, 373 00:24:28,640 --> 00:24:33,920 Suze: I'm safe right now. Only then should you really think 374 00:24:33,920 --> 00:24:39,839 Suze: about touching your money, but only after you've done step two. 375 00:24:40,650 --> 00:24:45,030 Suze: If you're now asking yourself what should I do. 376 00:24:46,579 --> 00:24:51,379 Suze: I want you to ask it differently. I want you 377 00:24:51,380 --> 00:24:54,520 Suze: to ask yourself the question, not what should I do now? 378 00:24:54,979 --> 00:24:58,680 Suze: I want you to ask, do I need this money 379 00:24:59,140 --> 00:25:02,439 Suze: in the next three to five years. 380 00:25:03,520 --> 00:25:06,300 Suze: And if the answer to that question is no. 381 00:25:07,650 --> 00:25:12,050 Suze: Then you don't do anything. Then the volatility that's out 382 00:25:12,050 --> 00:25:15,469 Suze: there is just noise, but it's not danger. 383 00:25:16,510 --> 00:25:21,109 Suze: And if you have really big fear, you're really afraid. 384 00:25:22,199 --> 00:25:24,760 Suze: Then I want you to do this when you say, 385 00:25:24,839 --> 00:25:26,819 Suze: but what if I lose everything? 386 00:25:28,089 --> 00:25:31,329 Suze: What I want you to say, what is my next 387 00:25:31,329 --> 00:25:35,849 Suze: right step to take? Just what is your next step? 388 00:25:35,969 --> 00:25:41,188 Suze: Just one step, not 10, not five, just what is 389 00:25:41,369 --> 00:25:46,929 Suze: your next step? Can you just try those three things? Now, 390 00:25:47,170 --> 00:25:50,469 Suze: before I end this podcast, I wanna talk to you 391 00:25:51,050 --> 00:25:54,290 Suze: about financial advisors, OK? 392 00:25:55,290 --> 00:25:58,959 Suze: Because a lot of you think I hate financial advisors, 393 00:25:58,969 --> 00:25:59,849 Suze: and I don't. 394 00:26:00,660 --> 00:26:03,429 Suze: If you have a great financial advisor, they are worth 395 00:26:03,430 --> 00:26:07,310 Suze: their weight in gold, but you have to know that 396 00:26:07,310 --> 00:26:11,208 Suze: they have your best interests at heart versus their own 397 00:26:11,770 --> 00:26:16,089 Suze: so I wanna talk about advisors and trust right now. 398 00:26:16,890 --> 00:26:18,410 Suze: If you are over 60 399 00:26:19,430 --> 00:26:22,458 Suze: and you don't trust your adviser enough. Listen to me. 400 00:26:23,349 --> 00:26:27,040 Suze: You don't trust them enough to call them when you 401 00:26:27,040 --> 00:26:34,359 Suze: are afraid you're scared. Ask them the same question twice, three times, 402 00:26:34,750 --> 00:26:39,589 Suze: four times to admit to them that you are overwhelmed. 403 00:26:40,280 --> 00:26:44,500 Suze: Then in my opinion you need a different adviser. 404 00:26:45,280 --> 00:26:49,359 Suze: Because a good adviser regulates with you, and what do 405 00:26:49,359 --> 00:26:53,280 Suze: I mean by that? They calm you down when you 406 00:26:53,280 --> 00:26:57,819 Suze: are freaked out. They don't rush you. They don't shame you. 407 00:26:57,959 --> 00:27:03,439 Suze: They don't pressure you. They regulate your fear because they're 408 00:27:03,439 --> 00:27:06,859 Suze: not in a state of fear. They feel safe most 409 00:27:06,859 --> 00:27:09,400 Suze: likely with what they have recommended to you. 410 00:27:09,939 --> 00:27:13,500 Suze: So they're calm, so they need to be able to 411 00:27:13,500 --> 00:27:16,339 Suze: calm you down, all right? 412 00:27:17,189 --> 00:27:21,030 Suze: If you're older now, even if you're younger, and you're 413 00:27:21,030 --> 00:27:24,109 Suze: listening to me right now, I want you to hear this. 414 00:27:25,270 --> 00:27:27,130 Suze: You have survived wars. 415 00:27:28,449 --> 00:27:36,300 Suze: Recessions, market crashes, personal losses, health scares. 416 00:27:37,739 --> 00:27:40,140 Suze: You are not fragile. 417 00:27:41,319 --> 00:27:45,629 Suze: Old is gold. I heard somebody say that the other 418 00:27:45,630 --> 00:27:50,149 Suze: day on this webinar that I was watching. Brilliant. 419 00:27:51,130 --> 00:27:55,849 Suze: She went on to say the sun is golden and 420 00:27:55,849 --> 00:27:58,930 Suze: look how old it is and look how it shines. 421 00:27:59,119 --> 00:28:04,930 Suze: So old is gold, so you are not fragile, you 422 00:28:04,930 --> 00:28:06,540 Suze: are experienced. 423 00:28:07,599 --> 00:28:10,770 Suze: And the markets, oh, they will go up, they will 424 00:28:10,770 --> 00:28:15,589 Suze: go down, they always have, but panic for you to panic, 425 00:28:16,089 --> 00:28:21,030 Suze: that's optional. Do you hear me? So here's my promise 426 00:28:21,180 --> 00:28:22,969 Suze: that I wanna make to you. 427 00:28:23,900 --> 00:28:27,709 Suze: If you learn to calm your nervous system, you stop 428 00:28:27,709 --> 00:28:29,409 Suze: reacting to headlines. 429 00:28:30,390 --> 00:28:33,709 Suze: You will trust your plan again. You will stop second 430 00:28:33,709 --> 00:28:39,589 Suze: guessing yourself. You will feel steady even in uncertainty. And 431 00:28:39,589 --> 00:28:44,229 Suze: if you ask me, that is real power. 432 00:28:45,780 --> 00:28:47,500 Suze: And this is the last thing that I want you 433 00:28:47,500 --> 00:28:52,020 Suze: to remember, you are not your portfolio, you are not 434 00:28:52,020 --> 00:28:56,979 Suze: the market, you are not today's headlines. You are your 435 00:28:56,979 --> 00:28:59,160 Suze: own greatest asset. 436 00:29:00,150 --> 00:29:03,670 Suze: You really are your own greatest protector. 437 00:29:04,589 --> 00:29:08,880 Suze: And you are also your own greatest rescuer. 438 00:29:09,989 --> 00:29:14,020 Suze: So, until Thursday, when Ms. Travis, I can't wait for 439 00:29:14,020 --> 00:29:18,030 Suze: her to hear this podcast, when Ms. Travis joins us 440 00:29:18,030 --> 00:29:22,030 Suze: again on Ask KT and Suze Anything, you always have 441 00:29:22,030 --> 00:29:25,709 Suze: time to go to my YouTube channel and subscribe, which 442 00:29:25,709 --> 00:29:31,030 Suze: is youtube.com/ Suze Orman. There's only one thing that I 443 00:29:31,030 --> 00:29:35,339 Suze: want you to remember, and it's this: people first, then money, 444 00:29:35,589 --> 00:29:36,680 Suze: then things. 445 00:29:37,650 --> 00:29:41,099 Suze: Now you're gonna all understand why I end every podcast 446 00:29:41,569 --> 00:30:03,339 Suze: with the phrase, now you stay safe. Bye-bye now.