1 00:00:32,840 --> 00:00:40,050 Suze: Saturday October 15th 2022 Suze O here. Now are we liking 2 00:00:40,150 --> 00:00:44,569 Suze: Saturday nights, Saturday evenings? I'm not exactly sure... you know 3 00:00:44,570 --> 00:00:45,790 Suze: I am a Gemini, 4 00:00:46,300 --> 00:00:48,810 Suze: I may just change it back to Sunday mornings or 5 00:00:48,810 --> 00:00:51,720 Suze: something about early mornings that I kind of like better. 6 00:00:51,729 --> 00:00:54,930 Suze: So we'll see what I do. But either way we'll 7 00:00:54,930 --> 00:00:58,560 Suze: figure it out. But I have a story to tell you. 8 00:00:59,570 --> 00:01:01,180 Suze: So today, 9 00:01:01,950 --> 00:01:07,020 Suze: early in the morning, today, Colo, KT and I looked 10 00:01:07,020 --> 00:01:10,060 Suze: out the window and we could barely see because the 11 00:01:10,060 --> 00:01:12,260 Suze: sun was not up yet. 12 00:01:12,810 --> 00:01:17,340 Suze: But normally when we open our doors, if the seas 13 00:01:17,350 --> 00:01:22,080 Suze: are rough, you can hear the waves crashing on our beach. 14 00:01:23,180 --> 00:01:28,710 Suze: But if it's really smooth and beautiful out there, you 15 00:01:28,709 --> 00:01:31,160 Suze: don't hear anything. 16 00:01:31,959 --> 00:01:36,640 Suze: And that is what we heard this morning. We heard 17 00:01:36,650 --> 00:01:37,840 Suze: nothing 18 00:01:38,400 --> 00:01:40,910 Suze: and we looked at each other and we said, let's 19 00:01:40,910 --> 00:01:45,709 Suze: go wahoo fishing now. For those of you who don't know, 20 00:01:45,720 --> 00:01:52,130 Suze: KT Colo and I are avid Wahoo fisher people. And 21 00:01:52,130 --> 00:01:58,820 Suze: Wahoo is a fish that is usually about 35 to 60, 70, 80 pounds. 22 00:01:58,830 --> 00:02:03,600 Suze: That swims at 60 miles an hour and you really 23 00:02:03,600 --> 00:02:06,870 Suze: have to know what you are doing to catch them. 24 00:02:07,040 --> 00:02:11,160 Suze: And they are delicious eating fish. Please know everybody. We 25 00:02:11,169 --> 00:02:15,450 Suze: only catch fish that we eat KT, Colo and I live on 26 00:02:15,450 --> 00:02:18,570 Suze: an island. We feed ourselves with what we catch. And 27 00:02:18,570 --> 00:02:22,810 Suze: we also feed all the Islanders on this island that 28 00:02:22,810 --> 00:02:23,570 Suze: work here. 29 00:02:24,680 --> 00:02:30,670 Suze: So we get so excited because Wahoos come in seasons 30 00:02:30,669 --> 00:02:35,150 Suze: meaning from about October to February is when you can 31 00:02:35,150 --> 00:02:38,709 Suze: catch them after that they are gone. So this was 32 00:02:38,710 --> 00:02:41,630 Suze: going to be the first time this morning that we 33 00:02:41,630 --> 00:02:44,870 Suze: go out and try to catch a wahoo. Alright, 34 00:02:45,580 --> 00:02:48,070 Suze: we get in the boat, the poles are ready to 35 00:02:48,070 --> 00:02:48,660 Suze: go 36 00:02:49,500 --> 00:02:53,149 Suze: And now I'm even well enough to drive the boat 37 00:02:53,160 --> 00:02:56,549 Suze: because you know, I am really the captain of the boat. 38 00:02:56,560 --> 00:03:00,669 Suze: But anyway, that's another story. And we go out to 39 00:03:00,669 --> 00:03:04,810 Suze: a depth of 350 ft and then you just start 40 00:03:04,810 --> 00:03:10,109 Suze: going at about 15 mph until you catch one. 41 00:03:10,889 --> 00:03:15,500 Suze: Now sometimes you have to travel a long distance, you 42 00:03:15,500 --> 00:03:20,079 Suze: can go nine miles 10 miles 20 miles away, you're 43 00:03:20,080 --> 00:03:24,780 Suze: going far sometimes to catch these fish, you're trolling for them. 44 00:03:25,350 --> 00:03:29,739 Suze: And here we are out on the boat, probably about 45 00:03:29,740 --> 00:03:32,760 Suze: 10 miles away from our home. 46 00:03:33,550 --> 00:03:36,080 Suze: And now KT is driving 47 00:03:36,740 --> 00:03:38,960 Suze: because my arms started to hurt a little bit. So 48 00:03:38,960 --> 00:03:43,130 Suze: I was thinking, you drive now KT, KT is driving 49 00:03:43,140 --> 00:03:45,540 Suze: and all of a sudden she looks at us and says, 50 00:03:46,240 --> 00:03:49,390 Suze: the steering wheel isn't working and I'm like, what are 51 00:03:49,390 --> 00:03:53,460 Suze: you talking about? She goes, look Suze, I'm turning the 52 00:03:53,460 --> 00:03:57,840 Suze: steering wheel and the engines aren't moving. 53 00:03:58,600 --> 00:04:01,110 Suze: So then I jump in and I try and it's 54 00:04:01,110 --> 00:04:03,470 Suze: not moving for me, Colo then comes and it's not 55 00:04:03,470 --> 00:04:06,779 Suze: moving for him. And we're like, what the hell? We 56 00:04:06,780 --> 00:04:11,820 Suze: have absolutely no staring ability with the wheel 57 00:04:12,640 --> 00:04:13,560 Suze: on the boat, 58 00:04:14,460 --> 00:04:17,160 Suze: we slow down the boat to where it's not moving 59 00:04:17,160 --> 00:04:22,550 Suze: at all. And I say Colo check to see if 60 00:04:22,550 --> 00:04:26,540 Suze: we have fluid in the steering column in the back there. 61 00:04:26,550 --> 00:04:30,760 Suze: And so he opens up the cockpit and of course 62 00:04:30,770 --> 00:04:34,160 Suze: there is no steering fluid. But because we do things 63 00:04:34,160 --> 00:04:38,320 Suze: very safely, we carry extra fluids with us. So he 64 00:04:38,320 --> 00:04:41,309 Suze: fills it up and again 65 00:04:41,700 --> 00:04:45,760 Suze: everything is fine. The boat is going and KT says, okay, 66 00:04:45,760 --> 00:04:49,630 Suze: let's continue to fish. And I'm like, no way we 67 00:04:49,630 --> 00:04:52,980 Suze: are going back something isn't right with this boat. 68 00:04:53,500 --> 00:04:56,960 Suze: So now we've turned it around and about 10 minutes 69 00:04:56,970 --> 00:05:01,930 Suze: into the trip back we lose staring again. Colo opens 70 00:05:01,930 --> 00:05:06,640 Suze: up the cockpit and the bottle that contains the fluid 71 00:05:06,650 --> 00:05:08,050 Suze: is empty again. 72 00:05:08,950 --> 00:05:12,700 Suze: So we obviously have a leak and it's a really 73 00:05:12,700 --> 00:05:16,440 Suze: bad leak. And there's really nothing we can do about 74 00:05:16,440 --> 00:05:20,460 Suze: it at that point because it's not even holding more fluid. 75 00:05:20,620 --> 00:05:25,100 Suze: We look at each other and now, thank God we 76 00:05:25,100 --> 00:05:29,500 Suze: have two engines, we were able to get the boat 77 00:05:29,500 --> 00:05:35,040 Suze: back all the way onto our dock by maneuvering the 78 00:05:35,040 --> 00:05:36,480 Suze: two throttles 79 00:05:36,900 --> 00:05:41,960 Suze: that control the engines. Now, even though the engines weren't turning, 80 00:05:41,990 --> 00:05:45,849 Suze: how you did the throttles back forth and everything could 81 00:05:45,850 --> 00:05:47,490 Suze: make the boat turn 82 00:05:48,050 --> 00:05:51,290 Suze: and now to get back to our little island, you 83 00:05:51,290 --> 00:05:53,950 Suze: have to go through what's called a cut, you have 84 00:05:53,950 --> 00:05:57,730 Suze: to go into this very narrow place where there's coral 85 00:05:57,730 --> 00:06:00,339 Suze: on one side and rocks on the other side and 86 00:06:00,339 --> 00:06:01,580 Suze: usually 87 00:06:02,120 --> 00:06:05,390 Suze: there are big waves in there. So it's not easy 88 00:06:05,390 --> 00:06:06,490 Suze: to go through. 89 00:06:07,380 --> 00:06:11,450 Suze: And somehow when we got there it was very calm. 90 00:06:11,460 --> 00:06:15,570 Suze: So we were able to go through it and dock 91 00:06:15,580 --> 00:06:16,280 Suze: the boat. 92 00:06:17,390 --> 00:06:20,240 Suze: So now we've looked at the boat, we know what's 93 00:06:20,240 --> 00:06:23,350 Suze: wrong with it and a new part is coming tomorrow 94 00:06:23,360 --> 00:06:25,030 Suze: for us to replace. 95 00:06:25,630 --> 00:06:28,940 Suze: Now. Why am I telling you this story? 96 00:06:30,089 --> 00:06:34,240 Suze: Because I was thinking how lucky were we that we 97 00:06:34,240 --> 00:06:39,050 Suze: had a safe alternative to get back to where we 98 00:06:39,050 --> 00:06:40,370 Suze: needed to go. 99 00:06:42,140 --> 00:06:46,640 Suze: And then I was thinking that's exactly what we all 100 00:06:46,640 --> 00:06:50,540 Suze: need when it comes to our money. Sure sure we 101 00:06:50,540 --> 00:06:53,910 Suze: could all invest in the stock market and dollar cost 102 00:06:53,910 --> 00:06:56,830 Suze: average and hope that these markets go up or do 103 00:06:56,830 --> 00:06:58,400 Suze: whatever eventually. 104 00:06:59,440 --> 00:07:03,670 Suze: But we also should have an alternative to make sure 105 00:07:03,680 --> 00:07:08,289 Suze: that we always get to where we want to go. 106 00:07:09,320 --> 00:07:11,720 Suze: That's why I'm telling you this story. 107 00:07:12,340 --> 00:07:17,820 Suze: So what are the alternatives that will get us to 108 00:07:17,820 --> 00:07:22,170 Suze: where we want to go? So let's just start first 109 00:07:22,170 --> 00:07:26,240 Suze: of all with Series I bonds as you know and 110 00:07:26,250 --> 00:07:29,900 Suze: I know I've been bonkers about Series I bonds now 111 00:07:29,910 --> 00:07:31,330 Suze: really for years 112 00:07:32,050 --> 00:07:35,960 Suze: and the reason that I love them so is because 113 00:07:35,960 --> 00:07:40,340 Suze: Series I bonds stands for inflation. That's what the I 114 00:07:40,340 --> 00:07:44,430 Suze: stands for and we have been in an inflationary environment 115 00:07:44,430 --> 00:07:46,920 Suze: now for quite some time 116 00:07:47,560 --> 00:07:52,260 Suze: Series I bonds are made up of two components. They're 117 00:07:52,260 --> 00:07:57,290 Suze: made up of the inflation component. So every six months 118 00:07:57,490 --> 00:08:03,170 Suze: inflation changes and that interest rate changes and they're made 119 00:08:03,170 --> 00:08:08,240 Suze: up of a fixed portion. That never changes. Currently that 120 00:08:08,240 --> 00:08:10,750 Suze: fixed portion is at 0% 121 00:08:11,450 --> 00:08:15,690 Suze: And it's at 0% because since I bonds came out 122 00:08:15,690 --> 00:08:18,700 Suze: years and years ago interest rates went up and when 123 00:08:18,700 --> 00:08:21,880 Suze: they first came out, the fixed interest rate by the 124 00:08:21,880 --> 00:08:26,590 Suze: way was 3%. Then as interest rates started to go down. 125 00:08:27,220 --> 00:08:31,240 Suze: They offered a 0% fixed interest rate and the inflation 126 00:08:31,240 --> 00:08:34,660 Suze: rate was down. So at that point, nobody really wanted 127 00:08:34,660 --> 00:08:38,809 Suze: Series I bonds starting a little bit ago when inflation 128 00:08:38,809 --> 00:08:43,630 Suze: started to go up, they became very popular again. What 129 00:08:43,630 --> 00:08:46,510 Suze: you need to know about a Series I bond 130 00:08:47,040 --> 00:08:50,300 Suze: is that when you invest in them, The only way 131 00:08:50,300 --> 00:08:54,030 Suze: to buy them is through Treasury Direct dot gov. You 132 00:08:54,030 --> 00:08:56,140 Suze: cannot buy them at a bank, you cannot buy them 133 00:08:56,140 --> 00:09:00,630 Suze: at a brokerage firm only through Treasury direct dot Gov. 134 00:09:00,929 --> 00:09:06,420 Suze: Also you have to know when you buy a Series 135 00:09:06,429 --> 00:09:10,730 Suze: I bond for the very first year, you cannot touch 136 00:09:10,730 --> 00:09:14,309 Suze: it no matter what your money is locked up. 137 00:09:14,610 --> 00:09:18,550 Suze: Years two through five, there is a three month interest 138 00:09:18,550 --> 00:09:22,190 Suze: penalty and after five years all the way till the 139 00:09:22,190 --> 00:09:25,479 Suze: 30th year you can take out any amount of money 140 00:09:25,480 --> 00:09:26,360 Suze: you want 141 00:09:26,700 --> 00:09:31,750 Suze: without any penalties whatsoever. You should also know that there 142 00:09:31,750 --> 00:09:36,670 Suze: is no state income tax on the interest that you earn. 143 00:09:36,679 --> 00:09:41,420 Suze: And the interest is tax deferred until you actually take 144 00:09:41,420 --> 00:09:45,450 Suze: a withdrawal from the Series I bond that you purchased. 145 00:09:47,080 --> 00:09:51,440 Suze: Next. You need to know that I bonds come in 146 00:09:51,450 --> 00:09:58,459 Suze: any denomination above $25 all the way up to $10,000 147 00:09:58,460 --> 00:10:02,130 Suze: per person. So if you are married for instance, you 148 00:10:02,130 --> 00:10:06,730 Suze: could put $10,000 max in your name. $10,000 in your 149 00:10:06,730 --> 00:10:13,630 Suze: spouse's name, that's $20,000. Also if you have a revocable 150 00:10:13,630 --> 00:10:16,540 Suze: living trust, you can put $10,000 in there. 151 00:10:17,290 --> 00:10:19,449 Suze: In addition if you have a business you could put 152 00:10:19,450 --> 00:10:23,520 Suze: $10,000 in there. So it is possible between you and 153 00:10:23,520 --> 00:10:26,819 Suze: your spouse. You could easily, if you had the money 154 00:10:26,860 --> 00:10:32,020 Suze: put $60,000 a year into a series I bomb now, 155 00:10:32,020 --> 00:10:33,819 Suze: why would one want to do that? 156 00:10:34,429 --> 00:10:38,790 Suze: They would want to do that because currently interest rates 157 00:10:38,790 --> 00:10:43,359 Suze: change every November one and May one 158 00:10:44,120 --> 00:10:50,310 Suze: Last November, the interest rate was set at 7.12%. 159 00:10:51,179 --> 00:10:55,059 Suze: Then this May just a few months ago 160 00:10:55,710 --> 00:10:59,760 Suze: And that interest rate changed to 9.62%. 161 00:11:00,640 --> 00:11:07,670 Suze: And now starting in November first of 2022. Just a 162 00:11:07,670 --> 00:11:11,970 Suze: few weeks from now, the new interest rate again will 163 00:11:11,970 --> 00:11:18,400 Suze: be 6.48%. It is going down from where it is 164 00:11:18,410 --> 00:11:23,480 Suze: right now. Now what you need to understand about series 165 00:11:23,490 --> 00:11:27,800 Suze: I bonds is that the interest rate is quoted on 166 00:11:27,800 --> 00:11:29,980 Suze: an annualized yield 167 00:11:30,150 --> 00:11:34,270 Suze: meaning that if they didn't change interest rates every six months, 168 00:11:34,440 --> 00:11:37,200 Suze: that's what you would get for the entire year. 169 00:11:38,059 --> 00:11:41,230 Suze: But because they change every six months 170 00:11:41,980 --> 00:11:47,510 Suze: You only get half of the quoted annualized yield. So 171 00:11:47,510 --> 00:11:50,719 Suze: if you were to buy a series II bon right 172 00:11:50,730 --> 00:11:57,340 Suze: now at a 9.62% annualized yield, you actually would only 173 00:11:57,340 --> 00:12:00,520 Suze: get 4.81% 174 00:12:01,120 --> 00:12:05,650 Suze: for the next six months after that 175 00:12:06,179 --> 00:12:13,520 Suze: You would only get 3.24%, which is half of 6.48%. 176 00:12:13,520 --> 00:12:16,990 Suze: The new rate starting November one for the next six 177 00:12:16,990 --> 00:12:21,460 Suze: months after that. Now that may seem like a low 178 00:12:21,460 --> 00:12:25,949 Suze: interest rate to you. But when you actually do the calculations, 179 00:12:25,960 --> 00:12:29,939 Suze: if you were to purchase an I bond right now, 180 00:12:30,540 --> 00:12:37,980 Suze: Your annualized yield would actually be 8.21%. 181 00:12:38,840 --> 00:12:44,750 Suze: Now. I don't know about you but I think 8.21% 182 00:12:44,760 --> 00:12:47,569 Suze: is a fabulous interest rate. 183 00:12:48,370 --> 00:12:51,320 Suze: Why in the world wouldn't you want to do that? 184 00:12:51,410 --> 00:12:56,460 Suze: I don't know what you need to understand. However is 185 00:12:56,460 --> 00:13:00,230 Suze: this if you want to do it you need to 186 00:13:00,230 --> 00:13:06,070 Suze: do it now because Treasury direct dot gov. Their website 187 00:13:06,080 --> 00:13:09,800 Suze: is totally archaic and even though they did a little 188 00:13:09,809 --> 00:13:11,590 Suze: website update, 189 00:13:12,280 --> 00:13:16,760 Suze: It looks good but it still functions horribly. So it 190 00:13:16,760 --> 00:13:20,040 Suze: is possible that you would go to buy one and 191 00:13:20,040 --> 00:13:22,660 Suze: it might take you a week or two to actually 192 00:13:22,660 --> 00:13:26,860 Suze: purchase one or longer. So please do not wait till 193 00:13:26,860 --> 00:13:29,190 Suze: the end of this month because if you go to 194 00:13:29,190 --> 00:13:32,880 Suze: buy one and you want to lock in that 9.62% 195 00:13:32,880 --> 00:13:38,980 Suze: annualized yield, you may miss it and only get the 6.48% 196 00:13:38,990 --> 00:13:41,530 Suze: rate as of November one. 197 00:13:41,780 --> 00:13:45,420 Suze: Not one of the reasons why Treasury Direct dot gov 198 00:13:45,429 --> 00:13:49,790 Suze: is so overrun is do you know that in 2020 199 00:13:50,040 --> 00:13:56,650 Suze: for the entire year only $364 million of I bonds 200 00:13:56,660 --> 00:14:03,500 Suze: were purchased. Do you know from November 2021 till now, 201 00:14:03,510 --> 00:14:08,949 Suze: $27 billion of I bonds have been purchased 202 00:14:09,490 --> 00:14:14,340 Suze: and Treasury direct dot Gov in my opinion really can't 203 00:14:14,340 --> 00:14:17,689 Suze: handle that kind of volume and the phone calls and 204 00:14:17,700 --> 00:14:21,880 Suze: everything because there's so many questions that people have about 205 00:14:21,890 --> 00:14:23,680 Suze: series I bonds. 206 00:14:24,690 --> 00:14:27,800 Suze: The other thing you need to know is that it 207 00:14:27,810 --> 00:14:31,720 Suze: is possible to gift an I bond to as many 208 00:14:31,720 --> 00:14:34,640 Suze: people as you want for any amount of money up 209 00:14:34,650 --> 00:14:39,920 Suze: to $10,000. The problem is when you go to Treasury 210 00:14:39,920 --> 00:14:43,260 Suze: direct dot gov right now and you try to gift 211 00:14:43,270 --> 00:14:47,310 Suze: an I bond the site is down now. I don't 212 00:14:47,310 --> 00:14:49,680 Suze: actually get why the site is down 213 00:14:50,110 --> 00:14:52,520 Suze: but you should keep trying if this is something that 214 00:14:52,520 --> 00:14:55,510 Suze: you want to do and hopefully they will get it 215 00:14:55,520 --> 00:14:58,720 Suze: up and running sooner than later. 216 00:14:59,570 --> 00:15:02,070 Suze: one other thing is this 217 00:15:02,690 --> 00:15:06,210 Suze: A lot of people are asking Suze, should I buy 218 00:15:06,210 --> 00:15:10,700 Suze: an I bond now or should I wait till November one, 219 00:15:12,410 --> 00:15:15,740 Suze: I want you to buy them now. I know there 220 00:15:15,740 --> 00:15:18,970 Suze: are some finance people out there that are saying you 221 00:15:18,970 --> 00:15:23,220 Suze: should wait till November first because it is possible that 222 00:15:23,220 --> 00:15:24,830 Suze: come November 1, 223 00:15:25,370 --> 00:15:29,680 Suze: that I bonds may have a 1% fixed rate attached 224 00:15:29,680 --> 00:15:33,610 Suze: to it versus the 0% rate that the I bond 225 00:15:33,610 --> 00:15:37,780 Suze: has right now for the fixed rate. I personally don't care. 226 00:15:38,970 --> 00:15:42,460 Suze: I don't think that 1% will make any difference and 227 00:15:42,470 --> 00:15:47,590 Suze: I don't think that 1% is going to happen. I'll 228 00:15:47,590 --> 00:15:52,330 Suze: be shocked if Treasury direct dot Gov actually gives a 229 00:15:52,330 --> 00:15:56,920 Suze: fixed interest rate maybe. Yes, maybe no. But the plan 230 00:15:56,930 --> 00:15:58,040 Suze: is this: 231 00:15:58,630 --> 00:16:01,920 Suze: You buy your I bonds now and lock in these 232 00:16:01,920 --> 00:16:07,650 Suze: rates for the next year. Then if let's say a 233 00:16:07,650 --> 00:16:10,080 Suze: year from now, a year and a half from now 234 00:16:10,090 --> 00:16:16,270 Suze: you decide, Oh Series I bond rates are renewing at 2%. 235 00:16:17,160 --> 00:16:19,590 Suze: That's a little low. Suze, I don't think I want 236 00:16:19,590 --> 00:16:22,030 Suze: to renew at that rate. I think I might want 237 00:16:22,030 --> 00:16:23,720 Suze: to take my money out 238 00:16:24,260 --> 00:16:27,090 Suze: and maybe go back in the stock market or maybe 239 00:16:27,090 --> 00:16:30,190 Suze: buy Treasuries if interest rates are equal or whatever it 240 00:16:30,190 --> 00:16:31,000 Suze: may be. 241 00:16:31,710 --> 00:16:36,270 Suze: Remember that years two through five, there's only a three 242 00:16:36,280 --> 00:16:38,290 Suze: month interest penalty. 243 00:16:39,060 --> 00:16:43,420 Suze: So if the new declared interest rate, let's say May 244 00:16:43,420 --> 00:16:47,190 Suze: 1 is only 3%. 245 00:16:47,860 --> 00:16:53,360 Suze: But remember that's a 3% annualized yield. So over a 246 00:16:53,360 --> 00:17:01,530 Suze: six-month period, that would be 1.5%. If the interest penalty 247 00:17:01,530 --> 00:17:06,120 Suze: to get out is a three-month interest penalty, that would 248 00:17:06,119 --> 00:17:13,810 Suze: be a .75% interest penalty. If the annualized yield was 3%, 249 00:17:13,820 --> 00:17:15,939 Suze: I don't know what the rate is going to be 250 00:17:16,450 --> 00:17:20,090 Suze: in May. But what's interesting is that the rate dropped 251 00:17:20,090 --> 00:17:27,450 Suze: from 9.62% that was declared last May to 6.48%. That's 252 00:17:27,450 --> 00:17:32,280 Suze: essentially 3% points to november 1st this year it could 253 00:17:32,280 --> 00:17:36,400 Suze: drop another three come May. Who knows? But if that 254 00:17:36,400 --> 00:17:40,139 Suze: were the case, if you just waited 255 00:17:41,210 --> 00:17:44,820 Suze: Those three extra months are rather than coming out exactly 256 00:17:44,820 --> 00:17:48,530 Suze: after one year, just stay in there for 15 months. 257 00:17:49,350 --> 00:17:54,110 Suze: Then you would pay about an $81 interest penalty to 258 00:17:54,109 --> 00:17:55,220 Suze: come out. 259 00:17:56,100 --> 00:17:59,679 Suze: I don't know, I think that's worth it. You're still 260 00:17:59,680 --> 00:18:02,990 Suze: making a seven some odd percent yield on your money 261 00:18:02,990 --> 00:18:06,710 Suze: even after the interest penalty. And then you have access 262 00:18:06,710 --> 00:18:11,190 Suze: to your money. So I would not wait to buy 263 00:18:11,200 --> 00:18:15,500 Suze: till November. I would absolutely do it right now. One 264 00:18:15,500 --> 00:18:19,500 Suze: last thing I remember when I say you can only 265 00:18:19,500 --> 00:18:24,149 Suze: buy up to $10,000 per year per person that's in 266 00:18:24,150 --> 00:18:25,609 Suze: a calendar year. 267 00:18:25,920 --> 00:18:29,600 Suze: If you happen to make a purchase right now. And 268 00:18:29,600 --> 00:18:34,310 Suze: let's say you invest $10,000 come january 1st, you could 269 00:18:34,310 --> 00:18:37,320 Suze: buy another series I bon 270 00:18:38,060 --> 00:18:40,070 Suze: and keep going like that. 271 00:18:40,850 --> 00:18:46,020 Suze: So that's what you need to know I believe from 272 00:18:46,020 --> 00:18:50,280 Suze: the bottom of my heart, that Series I bonds will 273 00:18:50,280 --> 00:18:54,270 Suze: get you in a very safe way to where you 274 00:18:54,310 --> 00:18:55,870 Suze: need to go. 275 00:18:56,830 --> 00:19:00,790 Suze: However, there may be many of you out there who 276 00:19:00,790 --> 00:19:04,990 Suze: have already maxed out on I bonds and you're like Suze, 277 00:19:05,160 --> 00:19:09,600 Suze: I get it. But what else? What else is there 278 00:19:09,609 --> 00:19:11,770 Suze: if I want to do something 279 00:19:12,320 --> 00:19:16,689 Suze: now before I tell you my other thing that I 280 00:19:16,690 --> 00:19:17,650 Suze: want you to do, 281 00:19:18,640 --> 00:19:21,169 Suze: I want to go to Suze School a little bit 282 00:19:21,170 --> 00:19:25,270 Suze: here and I want to just tell you that many 283 00:19:25,270 --> 00:19:29,649 Suze: people now many analysts are projecting that over the next 284 00:19:29,650 --> 00:19:32,050 Suze: 2,3,4,5 years or longer. 285 00:19:32,900 --> 00:19:37,750 Suze: We probably will only average an annual average rate of 286 00:19:37,750 --> 00:19:41,510 Suze: return of about 4-4.5%. 287 00:19:42,480 --> 00:19:45,379 Suze: All of us got used to over these past years 288 00:19:45,380 --> 00:19:52,290 Suze: before 2022 averaging about a 10% annual average rate of return. 289 00:19:53,040 --> 00:19:55,050 Suze: So we got used to that. 290 00:19:55,920 --> 00:20:01,470 Suze: So I want you to understand the difference between an 291 00:20:01,480 --> 00:20:03,920 Suze: average annual rate of return 292 00:20:04,609 --> 00:20:10,470 Suze: and an interest rate because that is key for you 293 00:20:10,470 --> 00:20:16,370 Suze: to keeping your money safe and secure. Now. The best 294 00:20:16,369 --> 00:20:19,730 Suze: way for me to illustrate this is through a test 295 00:20:19,730 --> 00:20:22,740 Suze: that I've given you before. But I'm sure many of 296 00:20:22,740 --> 00:20:26,480 Suze: you either don't remember or you never took it. This 297 00:20:26,480 --> 00:20:28,130 Suze: will illustrate it for you 298 00:20:28,780 --> 00:20:34,790 Suze: and I learned this way back when when I was 299 00:20:34,790 --> 00:20:38,859 Suze: a stockbroker working for either Merrill lynch prudential, I can't remember. 300 00:20:38,869 --> 00:20:42,240 Suze: And dot com everything was going crazy 301 00:20:42,970 --> 00:20:46,840 Suze: And the market went up 80% in one year 302 00:20:47,810 --> 00:20:53,080 Suze: And then it went down 50% the next. Okay? And 303 00:20:53,090 --> 00:20:58,130 Suze: I was listening to a financial advisor make a sales 304 00:20:58,130 --> 00:20:58,690 Suze: call 305 00:20:59,310 --> 00:21:03,899 Suze: And they wanted somebody to invest with them in technology 306 00:21:03,910 --> 00:21:09,220 Suze: in.com in all of that Internet. Alright. And here's what 307 00:21:09,220 --> 00:21:14,250 Suze: they said to them, you would have been up 80% 308 00:21:14,270 --> 00:21:15,650 Suze: last year, 309 00:21:16,260 --> 00:21:21,750 Suze: But this year you would have been down 50% but 310 00:21:21,750 --> 00:21:25,400 Suze: you're still would have been up 30% 311 00:21:26,270 --> 00:21:28,100 Suze: and I'm sitting there thinking 312 00:21:28,760 --> 00:21:30,140 Suze: I don't think so. 313 00:21:30,830 --> 00:21:34,290 Suze: And he made the sale. Absolutely the person he was 314 00:21:34,290 --> 00:21:36,160 Suze: talking to said okay I'll buy. 315 00:21:36,850 --> 00:21:40,300 Suze: So here is your quiz. 316 00:21:40,970 --> 00:21:45,260 Suze: You have $10,000 that you want to invest 317 00:21:46,070 --> 00:21:47,960 Suze: and you have a choice, 318 00:21:48,770 --> 00:21:53,850 Suze: You could get guaranteed to you 5% today 319 00:21:54,780 --> 00:21:58,460 Suze: And one year from now, another 5%. 320 00:21:59,109 --> 00:22:04,230 Suze: Or you could be guaranteed 80% gain 321 00:22:05,040 --> 00:22:09,460 Suze: And a 50% loss which as this financial advisor said 322 00:22:09,470 --> 00:22:14,930 Suze: is still a 30% gain. Which one do you want? 323 00:22:16,210 --> 00:22:18,129 Suze: I'll let you think about it for a second 324 00:22:19,410 --> 00:22:23,060 Suze: Now. Probably because of how I got into this conversation, 325 00:22:23,070 --> 00:22:25,280 Suze: you know you should take the 5%, 326 00:22:26,840 --> 00:22:31,490 Suze: The numbers go like this, you invest $10,000 and at 327 00:22:31,490 --> 00:22:34,730 Suze: the end of one year you have $10,500. 328 00:22:35,380 --> 00:22:37,560 Suze: Now you get another 5%. 329 00:22:38,250 --> 00:22:45,419 Suze: So $10,500 at 5%. Interest is $525. So now at 330 00:22:45,430 --> 00:22:53,790 Suze: the end of two years you have $11,025 to your name. 331 00:22:54,420 --> 00:22:55,640 Suze: Not bad. 332 00:22:56,440 --> 00:22:59,570 Suze: Again that 5% is interest. 333 00:23:00,810 --> 00:23:04,429 Suze: You have $10,000 which is guaranteed to make 80% the 334 00:23:04,430 --> 00:23:09,030 Suze: first year. So that's $8,000 of gain. So now you 335 00:23:09,030 --> 00:23:11,159 Suze: have $18,000. 336 00:23:12,070 --> 00:23:14,310 Suze: However the second year 337 00:23:15,160 --> 00:23:18,530 Suze: You are guaranteed to lose 50 338 00:23:19,140 --> 00:23:25,020 Suze: But 50% of $18,000 is $9,000. 339 00:23:26,810 --> 00:23:30,669 Suze: So your annual average rate of return, you've actually lost 340 00:23:30,680 --> 00:23:35,680 Suze: money versus making money with interest 341 00:23:36,730 --> 00:23:40,109 Suze: Such as the Series I bonds such as Treasury Bill 342 00:23:40,109 --> 00:23:43,570 Suze: bonds and notes, such as certificates of deposit such as 343 00:23:43,570 --> 00:23:46,870 Suze: what you get at Alliant credit union which currently is 344 00:23:46,869 --> 00:23:54,440 Suze: paying 2.2% or wherever you bank your principal stay safe 345 00:23:54,450 --> 00:23:59,320 Suze: and sound, nothing can ever happen to your principal. So 346 00:23:59,320 --> 00:24:02,990 Suze: the interest just compounds upon itself. 347 00:24:03,970 --> 00:24:08,260 Suze: When you're talking about annual average rate of return, 348 00:24:09,340 --> 00:24:13,550 Suze: maybe one year you make 20% the next year, you 349 00:24:13,550 --> 00:24:18,790 Suze: lose 15% the next year, you get 13% the next 350 00:24:18,790 --> 00:24:20,610 Suze: year you lose 10% 351 00:24:21,550 --> 00:24:24,960 Suze: you're up, you're down and you get an average annual 352 00:24:24,960 --> 00:24:28,540 Suze: rate of return when you do all of the numbers, 353 00:24:29,070 --> 00:24:33,160 Suze: you can do things that way. But given where we 354 00:24:33,160 --> 00:24:35,119 Suze: are in the economy, 355 00:24:35,770 --> 00:24:40,760 Suze: Given where we are politically speaking, given where we are 356 00:24:40,760 --> 00:24:46,629 Suze: with inflation because obviously the increases in the Fed funds 357 00:24:46,630 --> 00:24:53,870 Suze: rate hasn't done anything to help inflation, eggs and butter 358 00:24:53,880 --> 00:24:58,220 Suze: are up 30% over a year ago. It is very 359 00:24:58,220 --> 00:25:02,310 Suze: possible that you might see gasoline prices start to go up. 360 00:25:03,290 --> 00:25:08,560 Suze: We have not tamed inflation on any level, which means 361 00:25:08,640 --> 00:25:12,760 Suze: that the Feds are going to continue to raise interest rates. 362 00:25:12,840 --> 00:25:17,090 Suze: It is very probable that maybe by April of next year, 363 00:25:17,130 --> 00:25:20,520 Suze: the Fed funds rate could be at 5% were at 364 00:25:20,520 --> 00:25:21,950 Suze: three and a quarter right now 365 00:25:22,490 --> 00:25:25,490 Suze: when it goes up that much and let's just say 366 00:25:25,490 --> 00:25:26,440 Suze: it does 367 00:25:27,590 --> 00:25:31,500 Suze: There go interest rates up on your savings accounts, on 368 00:25:31,500 --> 00:25:36,560 Suze: your credit cards, mortgages eventually get infected as I'm recording 369 00:25:36,560 --> 00:25:41,179 Suze: this today, we're back up at almost 7% for mortgages again. 370 00:25:42,250 --> 00:25:45,190 Suze: So we are at a period of time, 371 00:25:45,760 --> 00:25:50,240 Suze: where is it possible that you could have a safe 372 00:25:50,250 --> 00:25:51,400 Suze: alternative 373 00:25:52,240 --> 00:25:58,750 Suze: That will give you a 4-5% return safely or more. 374 00:25:58,760 --> 00:26:02,109 Suze: Look at series I bonds right now or more 375 00:26:02,710 --> 00:26:08,500 Suze: as an interest rate versus an annual average rate of return. 376 00:26:08,619 --> 00:26:10,780 Suze: Are you following me? 377 00:26:11,660 --> 00:26:17,220 Suze: So is it possible that many of you may be 378 00:26:17,220 --> 00:26:23,940 Suze: better off right now going that safe alternative route versus 379 00:26:23,990 --> 00:26:27,590 Suze: more and more money into the stock market 380 00:26:28,490 --> 00:26:33,000 Suze: maybe? Yes, maybe. No. It all depends on your length 381 00:26:33,010 --> 00:26:36,700 Suze: of time. How comfortable you feel. 382 00:26:37,570 --> 00:26:41,890 Suze: And is this a safe alternative that might just return 383 00:26:41,890 --> 00:26:45,910 Suze: you as much as the stock market over the next 384 00:26:45,910 --> 00:26:50,530 Suze: few years? If some analyst projections are correct that it's 385 00:26:50,530 --> 00:26:52,409 Suze: only going to go up if it goes up at 386 00:26:52,420 --> 00:26:57,150 Suze: all to about 4 4.5% as an annual average rate 387 00:26:57,190 --> 00:26:58,200 Suze: of return, 388 00:26:58,880 --> 00:27:01,179 Suze: maybe. Yes, maybe. No. 389 00:27:02,100 --> 00:27:07,060 Suze: Again, I want to talk to you about Treasuries. Now, 390 00:27:07,070 --> 00:27:09,820 Suze: I've been talking to you about Treasury bills, notes and 391 00:27:09,820 --> 00:27:13,060 Suze: bonds for a while and I still do not think 392 00:27:13,060 --> 00:27:17,199 Suze: that it's time to buy long term treasury bonds. I 393 00:27:17,200 --> 00:27:20,250 Suze: would not be buying 10 years or 20 years or 394 00:27:20,250 --> 00:27:23,750 Suze: 30 year bonds at this point in time. I would 395 00:27:23,750 --> 00:27:25,230 Suze: be buying however, 396 00:27:25,830 --> 00:27:28,810 Suze: possibly Treasury bills at three months or six months or 397 00:27:28,810 --> 00:27:31,380 Suze: notes at one year, two year or three year. 398 00:27:31,980 --> 00:27:36,670 Suze: Because I do think it is possible that interest rates 399 00:27:36,680 --> 00:27:42,149 Suze: on Treasuries could very well still go up maybe even 400 00:27:42,150 --> 00:27:44,030 Suze: to 5%. Who knows 401 00:27:44,660 --> 00:27:47,160 Suze: Now, I told you that a week or two ago, 402 00:27:47,160 --> 00:27:50,520 Suze: whenever that was, I put money in to a two 403 00:27:50,520 --> 00:27:54,560 Suze: year treasury note at 4.15%. 404 00:27:55,240 --> 00:27:57,540 Suze: Right now, if I were to do it, it would 405 00:27:57,540 --> 00:28:00,000 Suze: be at almost 4.5%. 406 00:28:01,160 --> 00:28:04,500 Suze: Now, I didn't put all of my money in to 407 00:28:04,500 --> 00:28:07,820 Suze: a two year note at that time, I'm staging into 408 00:28:07,820 --> 00:28:12,310 Suze: them as interest rates go up. I put more in. 409 00:28:12,340 --> 00:28:15,199 Suze: If interest rates start to come down. 410 00:28:15,720 --> 00:28:18,869 Suze: Alright, then I'll stop investing in them 411 00:28:19,400 --> 00:28:23,790 Suze: many of you may want to consider what I call 412 00:28:23,800 --> 00:28:25,480 Suze: a Treasury ladder, 413 00:28:26,280 --> 00:28:29,310 Suze: Maybe, let's say you have $5,000, 414 00:28:29,920 --> 00:28:33,440 Suze: maybe you want to put $1000 into a three month 415 00:28:33,440 --> 00:28:39,710 Suze: Treasury bill, they're paying 3.72% right now, or $1000 into 416 00:28:39,710 --> 00:28:45,370 Suze: a six month one, they're paying 4.3 to 2% right now, 417 00:28:45,400 --> 00:28:48,870 Suze: maybe you want to put $1000 into a one year 418 00:28:48,880 --> 00:28:54,990 Suze: which is paying 4.459% right now, or $1000 into a 419 00:28:54,990 --> 00:28:59,560 Suze: two year that is paying 4.496% right now. 420 00:29:00,000 --> 00:29:06,950 Suze: And maybe $1,000 into a three year that's paying 4.5% 421 00:29:06,960 --> 00:29:07,979 Suze: right now, 422 00:29:08,590 --> 00:29:10,710 Suze: if you did it that way 423 00:29:11,330 --> 00:29:15,190 Suze: and interest rates continue up in three months, you have 424 00:29:15,250 --> 00:29:19,910 Suze: $1000 maturing. And so maybe you want to buy another 425 00:29:19,910 --> 00:29:22,840 Suze: Treasury at a higher interest rate going out a little further, 426 00:29:22,840 --> 00:29:27,200 Suze: maybe then six months you have another one maturing 427 00:29:27,410 --> 00:29:31,730 Suze: A year from now, you have another $1000 maturing and 428 00:29:31,730 --> 00:29:35,720 Suze: you can keep rolling that money over and you might 429 00:29:35,720 --> 00:29:40,160 Suze: decide with $1,000 that's up in six months, I'm gonna 430 00:29:40,160 --> 00:29:44,430 Suze: buy another one year at a higher rate. And if 431 00:29:44,430 --> 00:29:48,850 Suze: rates start to go lower, then you just don't buy 432 00:29:48,850 --> 00:29:52,140 Suze: again and maybe there's something better for you to do 433 00:29:52,140 --> 00:29:54,229 Suze: with the money at that time. 434 00:29:55,640 --> 00:29:59,900 Suze: I have to tell you, I do not think that 435 00:29:59,900 --> 00:30:03,890 Suze: that is a bad alternative to any kind of investment 436 00:30:03,900 --> 00:30:04,810 Suze: right now. 437 00:30:06,190 --> 00:30:08,390 Suze: You know, I think if you have a lot of 438 00:30:08,390 --> 00:30:11,000 Suze: time on your sides and you continue to dollar cost 439 00:30:11,010 --> 00:30:16,130 Suze: average and you're in dividend paying stocks, hopefully everything will 440 00:30:16,130 --> 00:30:20,400 Suze: be okay. But I honest to God do not know. 441 00:30:20,610 --> 00:30:24,630 Suze: Is that in two years from now, three years from now, 442 00:30:24,640 --> 00:30:29,140 Suze: Five years from now? When is that going to happen? 443 00:30:29,790 --> 00:30:30,930 Suze: I don't know. 444 00:30:31,730 --> 00:30:36,030 Suze: But I do know that all of you need a 445 00:30:36,030 --> 00:30:40,060 Suze: safe alternative to get you to where you want to go. 446 00:30:40,060 --> 00:30:43,830 Suze: And given that it is very possible that their same 447 00:30:43,840 --> 00:30:47,910 Suze: on average, maybe we're only going to have 4 4.5% 448 00:30:47,910 --> 00:30:51,320 Suze: annual average rate of return over the next few years. 449 00:30:51,320 --> 00:30:52,090 Suze: If that 450 00:30:52,610 --> 00:30:56,770 Suze: why not just get it yourself by buying a Treasury 451 00:30:56,780 --> 00:31:02,840 Suze: Bill note or not yet a bond. Okay, now a 452 00:31:02,840 --> 00:31:05,830 Suze: lot of you write me and you say, but susie, 453 00:31:05,840 --> 00:31:10,260 Suze: I really don't know how to buy Treasury bills notes. 454 00:31:10,270 --> 00:31:11,990 Suze: I don't know how to do that. 455 00:31:12,290 --> 00:31:14,770 Suze: There are two ways to do it. You can go 456 00:31:14,770 --> 00:31:18,950 Suze: to Treasury direct dot Gov and if you already have 457 00:31:18,960 --> 00:31:23,090 Suze: a series I bond account there, just look up Treasuries 458 00:31:23,210 --> 00:31:26,420 Suze: and buy what you want. You'll sign up for it. 459 00:31:26,430 --> 00:31:28,580 Suze: You don't have to put in an auction price. You 460 00:31:28,580 --> 00:31:31,350 Suze: don't have to do anything like that. And you can 461 00:31:31,350 --> 00:31:34,860 Suze: do it there for as little as $100 If you 462 00:31:34,860 --> 00:31:37,880 Suze: have at least $1000 to invest. 463 00:31:38,300 --> 00:31:43,140 Suze: You can buy a treasury through a brokerage firm. You 464 00:31:43,140 --> 00:31:46,800 Suze: can buy it through Schwab Fidelity or Vanguard. And I'm 465 00:31:46,800 --> 00:31:50,890 Suze: sure others now there are two ways to buy it 466 00:31:50,900 --> 00:31:54,780 Suze: through a brokerage firm. You buy it on the secondary 467 00:31:54,780 --> 00:31:58,260 Suze: market or you wait till there's a new issue. It's 468 00:31:58,260 --> 00:31:59,890 Suze: not a big deal 469 00:32:00,440 --> 00:32:03,620 Suze: now. There are many people that I like that are 470 00:32:03,620 --> 00:32:06,520 Suze: on the internet and I want to spread that love. 471 00:32:06,770 --> 00:32:13,070 Suze: And there is a website called the finance buff dot com. 472 00:32:13,740 --> 00:32:18,940 Suze: So go to the finance buff dot com and then 473 00:32:18,940 --> 00:32:22,750 Suze: look around and just search for an article about how 474 00:32:22,760 --> 00:32:28,140 Suze: to buy Treasuries will put the exact link on the 475 00:32:28,140 --> 00:32:30,870 Suze: women and money app on the wall as well as 476 00:32:30,870 --> 00:32:33,710 Suze: in the notes of this podcast. 477 00:32:34,590 --> 00:32:40,930 Suze: But again, I think we all need a safe alternative 478 00:32:40,940 --> 00:32:43,730 Suze: to get us to where we want to go. 479 00:32:44,720 --> 00:32:49,560 Suze: I'm gonna repeat here. These are hard times and it's 480 00:32:49,560 --> 00:32:53,310 Suze: very possible that this market may zoom up again remember 481 00:32:53,320 --> 00:32:56,660 Suze: last week I said, don't be surprised if you see 482 00:32:56,660 --> 00:33:00,360 Suze: the market go up this week this last week and 483 00:33:00,360 --> 00:33:03,150 Suze: it did. And I kind of suggested and if you 484 00:33:03,150 --> 00:33:05,140 Suze: needed to get your money out of the market, that 485 00:33:05,140 --> 00:33:06,760 Suze: might be the time to do it. 486 00:33:07,300 --> 00:33:10,820 Suze: However, who knows if you did or you didn't. But 487 00:33:10,830 --> 00:33:12,560 Suze: when I say you need to get it out of 488 00:33:12,560 --> 00:33:16,310 Suze: the market, there's money that you have invested and you 489 00:33:16,310 --> 00:33:20,070 Suze: have to use it within a year or two or so, 490 00:33:20,080 --> 00:33:22,690 Suze: that is not money that belongs in the market. So 491 00:33:22,700 --> 00:33:25,780 Suze: when the markets go up you need to get it out. 492 00:33:25,790 --> 00:33:29,310 Suze: Do not just go, I'll wait till everything returns because 493 00:33:29,310 --> 00:33:31,410 Suze: it may or it may not 494 00:33:31,660 --> 00:33:34,800 Suze: and it wouldn't surprise me by the way if over 495 00:33:34,800 --> 00:33:36,740 Suze: the next week or so, maybe you see it go 496 00:33:36,740 --> 00:33:39,530 Suze: up a little bit again or maybe a lot who knows? 497 00:33:39,580 --> 00:33:44,050 Suze: But by all means, I don't think it's going to 498 00:33:44,050 --> 00:33:47,450 Suze: stay up there. I think you will see it come 499 00:33:47,460 --> 00:33:51,800 Suze: back down the same thing with energy stocks. Everybody don't 500 00:33:51,800 --> 00:33:55,690 Suze: be surprised to see your energy stocks go down 501 00:33:56,600 --> 00:34:00,200 Suze: and therefore will they come back up. Only time will 502 00:34:00,200 --> 00:34:02,830 Suze: tell at least we're getting paid a nice dividend to 503 00:34:02,830 --> 00:34:04,250 Suze: wait and see. 504 00:34:04,920 --> 00:34:09,460 Suze: So that's why again, it's important if you are investing 505 00:34:09,460 --> 00:34:12,850 Suze: in stocks or exchange traded funds or whatever it may 506 00:34:12,850 --> 00:34:16,710 Suze: be that you just wait to put your money in 507 00:34:16,719 --> 00:34:20,540 Suze: at times when these markets have gone down. 508 00:34:21,239 --> 00:34:23,810 Suze: You know, don't do it when the market's up 800 509 00:34:23,810 --> 00:34:27,310 Suze: points in one day. But if you see something starting 510 00:34:27,310 --> 00:34:28,480 Suze: to trend down 511 00:34:29,180 --> 00:34:31,630 Suze: just watch where it goes and just see and if 512 00:34:31,630 --> 00:34:35,480 Suze: you still want to participate in it do so. But 513 00:34:35,480 --> 00:34:39,590 Suze: remember all the things we talk about, I'm the women 514 00:34:39,590 --> 00:34:43,430 Suze: and money podcast, this is not where we are saying 515 00:34:43,430 --> 00:34:45,779 Suze: to you, if you have a large lump sum of money, 516 00:34:45,780 --> 00:34:49,670 Suze: put it in. This is very small amounts that you 517 00:34:49,670 --> 00:34:54,060 Suze: are doing little by little if at all because maybe 518 00:34:54,070 --> 00:34:55,260 Suze: you're going to decide 519 00:34:55,600 --> 00:35:00,359 Suze: to take a safe alternative to where you want to go. 520 00:35:01,239 --> 00:35:06,230 Suze: So that is what the Suze school is about today. 521 00:35:06,239 --> 00:35:09,140 Suze: There is one thing I want to say however as well, 522 00:35:09,150 --> 00:35:12,529 Suze: because I always like to update you on things is 523 00:35:12,530 --> 00:35:19,319 Suze: that the beta site for student loan forgiveness applications is 524 00:35:19,330 --> 00:35:22,420 Suze: live now, why do I call it the beta site? 525 00:35:22,430 --> 00:35:24,880 Suze: Because they're still testing it 526 00:35:25,150 --> 00:35:28,930 Suze: so you can fill out your application be in there. 527 00:35:28,940 --> 00:35:31,300 Suze: But nothing is going to happen for at least a 528 00:35:31,300 --> 00:35:36,910 Suze: month or so until they actually make the site active. 529 00:35:36,940 --> 00:35:39,860 Suze: But if you want you can go in now they'll 530 00:35:39,860 --> 00:35:43,219 Suze: use you as a tester. But when the time comes, 531 00:35:43,230 --> 00:35:47,120 Suze: your application will already be in there. So that's something 532 00:35:47,120 --> 00:35:48,549 Suze: that you might want to do. 533 00:35:49,010 --> 00:35:51,440 Suze: The way that you get there is you go to 534 00:35:51,440 --> 00:36:00,219 Suze: student aid dot gov slash debt dash relief slash application. 535 00:36:00,230 --> 00:36:03,870 Suze: I will put that for you in the women and 536 00:36:03,870 --> 00:36:07,790 Suze: money app as well as well. Put it in the 537 00:36:07,790 --> 00:36:10,160 Suze: notes of this podcast. 538 00:36:11,050 --> 00:36:13,319 Suze: The other thing I want you to know though and 539 00:36:13,320 --> 00:36:15,719 Suze: I've said this before when it comes to student loan 540 00:36:15,719 --> 00:36:21,200 Suze: forgiveness is there are many legal objections to this and 541 00:36:21,200 --> 00:36:25,890 Suze: hopefully by Wednesday or thursday of this week. this coming week, 542 00:36:26,260 --> 00:36:29,640 Suze: a judge may rule on will he or she stop 543 00:36:29,640 --> 00:36:32,640 Suze: this or will he or she let it go and 544 00:36:32,640 --> 00:36:37,219 Suze: continue on. So we need to watch it carefully because 545 00:36:37,230 --> 00:36:41,270 Suze: maybe you'll get to get the forgiveness and maybe they 546 00:36:41,270 --> 00:36:42,419 Suze: will block it. 547 00:36:43,420 --> 00:36:47,469 Suze: So you just have to wait and see. All right, 548 00:36:47,469 --> 00:36:52,900 Suze: everybody until next Wednesday night with Ask Suze and KT Anything. 549 00:36:52,910 --> 00:36:56,690 Suze: There's really only one thing that matters and it's for 550 00:36:56,690 --> 00:37:02,460 Suze: all of you to be safe. Strong and secure. All right, 551 00:37:02,460 --> 00:37:04,720 Suze: everybody see you soon. Bye bye.