1 00:00:07,809 --> 00:00:14,119 KT: October 16, 2025. Is everyone in the mood for delicious pasta? 2 00:00:15,220 --> 00:00:18,259 Suze: What the hell is that all about? What are you talking about? 3 00:00:18,260 --> 00:00:21,690 KT: Suze and I are going to Italy in two more days. 4 00:00:22,219 --> 00:00:24,489 Suze: I'm going like, what is she talking about? 5 00:00:25,059 --> 00:00:26,190 KT: All right, you take over... 6 00:00:26,190 --> 00:00:27,420 Suze: What does that have to do with the Women and 7 00:00:27,420 --> 00:00:28,409 Suze: Money podcast, 8 00:00:28,459 --> 00:00:31,219 KT: and everyone smart enough to listen and also hungry 9 00:00:31,305 --> 00:00:32,244 KT: for gelato. 10 00:00:32,334 --> 00:00:36,547 Suze: Oh Jesus, here we go. And this is the Ask 11 00:00:36,547 --> 00:00:37,894 Suze: KT and Suze... 12 00:00:38,134 --> 00:00:39,194 KT: Anything, anything, anything. 13 00:00:41,735 --> 00:00:44,083 Suze: So let's get right to it because we have to pack. 14 00:00:44,084 --> 00:00:47,415 KT: OK, so this is from Craig. 15 00:00:47,700 --> 00:00:50,270 KT: I like this one a lot, Suze. He says, Help 16 00:00:50,270 --> 00:00:53,758 KT: me help my son get on the right track. My 17 00:00:53,759 --> 00:00:58,400 KT: son is 18, has a Schwab account, has 10,000 invested 18 00:00:58,400 --> 00:01:02,610 KT: in ETFs, and a couple of stocks. He asked me 19 00:01:02,610 --> 00:01:05,839 KT: recently what are some good books or some people to 20 00:01:05,839 --> 00:01:07,319 KT: read up on for learning. 21 00:01:07,769 --> 00:01:11,250 KT: I rave about your podcast, but what else can I 22 00:01:11,250 --> 00:01:14,569 KT: advocate for my son to get him off on the 23 00:01:14,569 --> 00:01:18,930 KT: right foot? Thank you both from another man smart enough 24 00:01:18,930 --> 00:01:24,449 KT: to listen for over 20 years. You go, Craig. 25 00:01:24,610 --> 00:01:27,639 Suze: I have to say I know I'm being self-serving here, 26 00:01:27,889 --> 00:01:30,529 Suze: but I really think one of the best books for 27 00:01:30,529 --> 00:01:33,529 Suze: somebody like 18 years of age, 28 00:01:34,029 --> 00:01:37,209 Suze: is the book that I wrote many years ago now 29 00:01:37,540 --> 00:01:40,449 Suze: called The Money Book for the Young Fabulous and Broke, 30 00:01:40,769 --> 00:01:44,128 Suze: and even though the numbers in there now have changed, 31 00:01:44,139 --> 00:01:46,650 Suze: like how much you can put in a wroth and everything, 32 00:01:46,860 --> 00:01:51,500 Suze: it will give him the basics, seriously, of what he 33 00:01:51,500 --> 00:01:56,699 Suze: needs to understand in a very simple and concise way. 34 00:01:56,779 --> 00:02:01,169 Suze: I love, love that book. Number one New York Times bestseller. 35 00:02:01,459 --> 00:02:02,690 Suze: Other than that. 36 00:02:03,190 --> 00:02:06,709 Suze: I don't know. He's got $10,000 at 18. I think 37 00:02:06,709 --> 00:02:11,229 Suze: he's doing pretty good. I would actually also have him 38 00:02:11,229 --> 00:02:14,679 Suze: read Five with Fitz since it's free. 39 00:02:15,350 --> 00:02:16,860 KT: Oh, that's, it's free. 40 00:02:17,070 --> 00:02:20,350 Suze: Just get him used to what Keith Fitz-Gerald is talking 41 00:02:20,350 --> 00:02:24,149 Suze: about and things like that. Other than that, there's so 42 00:02:24,149 --> 00:02:25,550 Suze: many of them out there. 43 00:02:26,110 --> 00:02:28,350 Suze: So you know, I have to tell you one of 44 00:02:28,350 --> 00:02:31,350 Suze: the greatest books I think he could read is The 45 00:02:31,350 --> 00:02:35,869 Suze: Richest Man in Babylon. Just have him read that as well. 46 00:02:35,990 --> 00:02:36,869 Suze: All right, KT. 47 00:02:37,669 --> 00:02:42,500 KT: I forgot about that story. Suze, you did the forward 48 00:02:42,500 --> 00:02:43,070 KT: for that book. 49 00:02:43,190 --> 00:02:43,758 Suze: Fabulous... 50 00:02:43,899 --> 00:02:44,429 KT: Fabulous book. 51 00:02:44,429 --> 00:02:45,910 Suze: Because you know it's... 52 00:02:45,910 --> 00:02:46,439 KT: A classic. 53 00:02:46,869 --> 00:02:48,860 Suze: ... not just about what to invest in. 54 00:02:49,538 --> 00:02:54,610 Suze: It's about values and how he sees himself and what 55 00:02:54,610 --> 00:02:58,609 Suze: he thinks and how he feels and his whole interaction 56 00:02:58,610 --> 00:03:02,288 Suze: with money, so there's more to it than just what 57 00:03:02,288 --> 00:03:03,500 Suze: to invest in. All right, 58 00:03:03,610 --> 00:03:08,139 KT: OK, good. From Paula. Hello, Suze and KT. I have 59 00:03:08,139 --> 00:03:10,610 KT: followed you since I was 32. 60 00:03:10,940 --> 00:03:14,508 KT: And now I will be 70 in a few months. 61 00:03:14,639 --> 00:03:14,929 Suze: I was just 62 00:03:14,929 --> 00:03:16,000 Suze: going to say, oh, tell me, she's going to be 63 00:03:16,000 --> 00:03:16,919 Suze: 72 now, right? 64 00:03:17,000 --> 00:03:21,000 KT: I recently retired and filed for Social Security three months 65 00:03:21,000 --> 00:03:26,240 KT: prior to age 70 with my spouse already collecting SS 66 00:03:26,240 --> 00:03:27,399 KT: several years ago. 67 00:03:27,860 --> 00:03:31,550 KT: Between the two of us, our monthly expenses will be covered. 68 00:03:31,619 --> 00:03:34,820 KT: So my question is, should we open a CD with 69 00:03:34,820 --> 00:03:39,300 KT: the liquid capital, of course, less their emergency fund, or 70 00:03:39,300 --> 00:03:41,750 KT: what should we do with our excess cash? They have 71 00:03:41,750 --> 00:03:43,220 KT: about 300,000. 72 00:03:43,919 --> 00:03:46,600 KT: Just to give you a little backstory, Suze, they have 73 00:03:46,600 --> 00:03:55,080 KT: 525,000 in stocks and bonds, another 275 to 300,000 in 74 00:03:55,080 --> 00:03:58,809 KT: metals and zero debt. Yay. 75 00:04:00,649 --> 00:04:02,378 Suze: So does metals, do you think it means gold? 76 00:04:02,830 --> 00:04:03,580 KT: I think so. 77 00:04:04,699 --> 00:04:08,179 Suze: So let me just answer this quickly, which is and 78 00:04:08,179 --> 00:04:11,500 Suze: everybody listen to me carefully. I cannot, 79 00:04:11,830 --> 00:04:16,500 Suze: I cannot tell you what to do with money cause 80 00:04:16,500 --> 00:04:21,859 Suze: I don't necessarily know enough about you. What are your expenses? 81 00:04:21,899 --> 00:04:24,579 Suze: What is your health? Do you need a new car? 82 00:04:24,738 --> 00:04:27,100 Suze: Does your house need a new roof? Do you have 83 00:04:27,100 --> 00:04:29,070 Suze: a trust? Do you have a will? Do you have 84 00:04:29,070 --> 00:04:33,059 Suze: all of that in place? It's more than what should 85 00:04:33,059 --> 00:04:35,099 Suze: you do with 300,000. 86 00:04:36,209 --> 00:04:39,649 Suze: Now, KT chose this, and here's what I want to 87 00:04:39,649 --> 00:04:42,849 Suze: say to you. Let's say you didn't come to me 88 00:04:42,850 --> 00:04:47,070 Suze: with this question. Let's say you walked into a brokerage firm, 89 00:04:47,290 --> 00:04:52,209 Suze: a financial adviser, and you say, Here, I have $300,000. 90 00:04:52,290 --> 00:04:55,339 Suze: What should I do with it? You now have set 91 00:04:55,339 --> 00:05:01,170 Suze: yourself up seriously, everybody, for the salesperson or possibly also 92 00:05:01,170 --> 00:05:04,760 Suze: known as a financial adviser should say buy this, buy that, 93 00:05:04,769 --> 00:05:05,529 Suze: do this, do that. 94 00:05:05,619 --> 00:05:11,049 Suze: A great financial advisor can never tell you what to 95 00:05:11,049 --> 00:05:17,238 Suze: do with $300,000 just because you already have $525,000 in stocks. 96 00:05:17,369 --> 00:05:24,118 Suze: You have like $300,000 in gold, no debt, not enough information. 97 00:05:24,488 --> 00:05:27,850 Suze: So don't go right me saying what should I do 98 00:05:27,850 --> 00:05:31,290 Suze: with my money, what should I invest in? I cannot 99 00:05:31,290 --> 00:05:34,010 Suze: answer that question for you. 100 00:05:34,459 --> 00:05:39,420 Suze: Because I don't know enough about you. However, at the 101 00:05:39,420 --> 00:05:44,059 Suze: age of 70, if you feel that you have everything 102 00:05:44,059 --> 00:05:47,899 Suze: under control, do you have a long term care insurance policy? 103 00:05:48,119 --> 00:05:50,940 Suze: What happens if one of you ends up where in 104 00:05:50,940 --> 00:05:54,890 Suze: a nursing home and now it's 10 to $20,000 a month? 105 00:05:55,100 --> 00:05:58,579 Suze: Have you really taken everything into consideration? 106 00:05:59,295 --> 00:06:04,855 Suze: So before you do anything with that $300,000 I want 107 00:06:04,855 --> 00:06:08,774 Suze: you to look at every possible thing that could go wrong. 108 00:06:08,984 --> 00:06:12,184 Suze: Your health, your caring for each other, your home that 109 00:06:12,184 --> 00:06:15,493 Suze: you live in, does it need a new roof, all of that. 110 00:06:16,200 --> 00:06:19,790 Suze: What's ever left over and you're fine with everything. I 111 00:06:19,790 --> 00:06:22,630 Suze: don't know then at your age, if I were you, 112 00:06:22,690 --> 00:06:26,859 Suze: I would be dollar cost averaging whatever you can afford 113 00:06:26,859 --> 00:06:30,789 Suze: to put in the market wisely and take advantage of 114 00:06:30,790 --> 00:06:35,500 Suze: what's going to be happening with artificial intelligence. That's all 115 00:06:35,500 --> 00:06:39,190 Suze: I'm going to say here. But Paula, really, you've been 116 00:06:39,190 --> 00:06:42,260 Suze: listening to me for so many years. 117 00:06:42,750 --> 00:06:47,269 Suze: You know what can happen when you get older. I 118 00:06:47,269 --> 00:06:50,640 Suze: just want to know before you invest anything. You've taken 119 00:06:50,640 --> 00:06:54,769 Suze: care of the what ifs of life. Next question, KT. 120 00:06:54,928 --> 00:06:59,709 KT: OK, this is from Kyle. Kyle asks, Good morning, Suze. 121 00:07:00,109 --> 00:07:02,669 KT: Thank you for all that you do for the men 122 00:07:02,670 --> 00:07:03,950 KT: smart enough to listen. 123 00:07:04,309 --> 00:07:08,920 KT: I was reading about structured CDs with market-linked returns. What 124 00:07:08,920 --> 00:07:14,019 KT: is your expert opinion about MLCDs, and is there a 125 00:07:14,019 --> 00:07:18,609 KT: particular index aligned to the CD that you would recommend 126 00:07:18,609 --> 00:07:21,380 KT: if you recommended MLCDs? 127 00:07:21,779 --> 00:07:24,339 KT: Now, just so you know, Suze, Kyle says he's a 128 00:07:24,339 --> 00:07:28,019 KT: year or two away from retirement. As an educator, I 129 00:07:28,019 --> 00:07:32,850 KT: do have a pension plan through PSERS. Do you see 130 00:07:32,850 --> 00:07:37,179 KT: these as viable options to limit risk in the market? 131 00:07:38,114 --> 00:07:40,095 Suze: So, I think I answered him to tell you the truth, 132 00:07:40,225 --> 00:07:42,785 Suze: but that's besides the point because that I think was, 133 00:07:42,904 --> 00:07:44,105 Suze: I don't know when I did that, but I think I did. 134 00:07:44,105 --> 00:07:46,864 KT: So tell people what MLCDs are. 135 00:07:47,054 --> 00:07:51,825 Suze: First of all MLCDs, the, the letters stand for market 136 00:07:51,825 --> 00:07:56,774 Suze: linked certificate of deposit. Now I just have to tell you, 137 00:07:56,864 --> 00:08:01,945 Suze: I'm not somebody who likes when investments are joined. 138 00:08:02,880 --> 00:08:05,760 Suze: Like either you buy a CD and lock in an 139 00:08:05,760 --> 00:08:09,309 Suze: interest rate, and there you go, or you invest in 140 00:08:09,309 --> 00:08:13,720 Suze: the market by buying either ETFs or individual stocks and 141 00:08:13,720 --> 00:08:17,760 Suze: dollar cost averaging into them. I personally do not like 142 00:08:17,760 --> 00:08:22,480 Suze: when you combine those two. Why? Because when you have 143 00:08:22,480 --> 00:08:26,670 Suze: a market linked certificate of deposit, you do get an 144 00:08:26,670 --> 00:08:30,230 Suze: interest rate, probably a lower interest rate on your certificate 145 00:08:30,230 --> 00:08:31,239 Suze: of deposit. 146 00:08:32,049 --> 00:08:37,700 Suze: But then you also get upward movement when the market 147 00:08:37,700 --> 00:08:41,699 Suze: moves up according to a specific index. You asked, Kyle, 148 00:08:41,700 --> 00:08:44,340 Suze: which index would I link one to? Well, if I 149 00:08:44,340 --> 00:08:46,369 Suze: bought one, which I wouldn't, but if I did. 150 00:08:47,150 --> 00:08:49,390 Suze: Right, I would link it to the Standard and Poor's 151 00:08:49,390 --> 00:08:52,750 Suze: 500 index. I would not link it to any other 152 00:08:52,750 --> 00:08:56,580 Suze: index other than that, but the problem is, in my opinion, 153 00:08:56,590 --> 00:09:00,099 Suze: if that index really goes, you're only going to get 154 00:09:00,099 --> 00:09:03,989 Suze: a percent of that increase. You're not, if it goes 155 00:09:03,989 --> 00:09:07,390 Suze: up 10%, you're not going to get 10%. You're only 156 00:09:07,390 --> 00:09:10,549 Suze: going to get maybe 8% or 7%. 157 00:09:11,190 --> 00:09:14,210 Suze: And when it all comes down to it, I don't 158 00:09:14,210 --> 00:09:18,809 Suze: think you'll make as much money. You're being conservative, but 159 00:09:18,809 --> 00:09:20,890 Suze: put what you want in a CD. 160 00:09:21,989 --> 00:09:25,299 Suze: And do that and then put what you want in 161 00:09:25,299 --> 00:09:30,250 Suze: the market. Don't keep them together. Separate them. But listen, 162 00:09:30,500 --> 00:09:32,419 Suze: if you don't want to lose any money and you 163 00:09:32,419 --> 00:09:35,700 Suze: don't really care about your return that much, you can 164 00:09:35,700 --> 00:09:38,630 Suze: do it if you want. Would I be doing it? No. 165 00:09:39,900 --> 00:09:42,108 Suze: All right, you're happy, what makes you laugh? (KT is 166 00:09:42,108 --> 00:09:42,109 Suze: laughing in the background) 167 00:09:44,169 --> 00:09:46,880 KT: She doesn't sugarcoat anything, does she? 168 00:09:47,409 --> 00:09:47,890 Suze: Well, you should 169 00:09:47,890 --> 00:09:50,719 Suze: know you've lived with me for 25 years now. 170 00:09:51,409 --> 00:09:55,770 KT: Next question is from Monique. Hello ladies. What is a 171 00:09:55,770 --> 00:09:58,140 KT: cash value life insurance? 172 00:09:58,250 --> 00:10:00,780 Suze: It's one of the investments I hate the most. There 173 00:10:00,780 --> 00:10:01,329 Suze: you go. 174 00:10:01,530 --> 00:10:05,289 KT: She doesn't sugarcoat. I recently came into some money. Is 175 00:10:05,289 --> 00:10:08,489 KT: that an instrument that would be appropriate for me? I'm 176 00:10:08,489 --> 00:10:14,479 KT: a 63 year old nurse still employed. We love nurses, Monique. 177 00:10:15,080 --> 00:10:16,409 KT: Tell her why you don't like it. 178 00:10:16,645 --> 00:10:21,075 Suze: Listen, you say I'm a 63 year old nurse still 179 00:10:21,094 --> 00:10:25,034 Suze: still employed. You didn't say I'm a 63 year old nurse. 180 00:10:25,205 --> 00:10:28,194 Suze: My husband or my spouse is X, Y, and Z. 181 00:10:28,405 --> 00:10:31,405 Suze: You didn't say anything about your children. You would only 182 00:10:31,405 --> 00:10:36,205 Suze: buy insurance if and only if you need a life 183 00:10:36,205 --> 00:10:39,775 Suze: insurance policy because if something happened to you, those who 184 00:10:39,775 --> 00:10:41,593 Suze: might be dependent upon you. 185 00:10:42,369 --> 00:10:46,010 Suze: Would need that money. At 63 I doubt highly that 186 00:10:46,010 --> 00:10:49,530 Suze: is true. So number one, you don't need life insurance 187 00:10:49,530 --> 00:10:52,760 Suze: and you definitely don't want a cash value life insurance. 188 00:10:53,289 --> 00:10:53,537 KT: Why? 189 00:10:53,537 --> 00:10:56,729 Suze: Cash... Why? What do you think I've been talking about 190 00:10:56,729 --> 00:11:02,400 Suze: all these years? Cash value life, KT ready? Is whole life, 191 00:11:03,650 --> 00:11:04,729 Suze: universal life? 192 00:11:04,809 --> 00:11:05,424 KT: Ouch. 193 00:11:05,424 --> 00:11:06,750 Suze: Variable life. 194 00:11:06,849 --> 00:11:07,380 KT: Yikes. 195 00:11:07,530 --> 00:11:09,968 Suze: And what have I always told you about those three 196 00:11:09,969 --> 00:11:11,968 Suze: kinds of life insurance? 197 00:11:12,630 --> 00:11:14,969 Suze: What have I told you? I what them? 198 00:11:15,460 --> 00:11:16,890 KT: You hate them. 199 00:11:17,059 --> 00:11:17,820 Suze: That's right. 200 00:11:17,940 --> 00:11:18,739 KT: She doesn't 201 00:11:18,739 --> 00:11:21,500 KT: hate a lot of anything, but she does hate those. 202 00:11:21,700 --> 00:11:27,090 Suze: Now, a second ago I told Kyle, don't mix investments. 203 00:11:27,260 --> 00:11:30,218 Suze: You want a CD, buy a CD. You want to 204 00:11:30,219 --> 00:11:34,140 Suze: buy an ETF or whatever in the market. Monique, 205 00:11:34,849 --> 00:11:40,270 Suze: you don't buy life insurance just because it has cash value. 206 00:11:40,520 --> 00:11:44,559 Suze: You buy life insurance, again, because somebody is going to 207 00:11:44,559 --> 00:11:48,469 Suze: need money in case you die. And in that case, 208 00:11:48,760 --> 00:11:51,130 Suze: the only kind of insurance you should be buying is 209 00:11:51,130 --> 00:11:55,989 Suze: term insurance, but at 63, it would be expensive, so no, 210 00:11:56,119 --> 00:11:57,640 Suze: you should not. 211 00:11:57,869 --> 00:12:01,809 Suze: And I repeat, you should not be doing this under 212 00:12:02,099 --> 00:12:06,700 Suze: any circumstance whatsoever. You just came into some money. If 213 00:12:06,700 --> 00:12:09,619 Suze: you have a mortgage, pay it off. If you're going 214 00:12:09,619 --> 00:12:12,419 Suze: to stay in your house forever. Oh, you want some 215 00:12:12,419 --> 00:12:15,340 Suze: money in the stock market or whatever, open up a 216 00:12:15,340 --> 00:12:18,570 Suze: Roth IRA and do it in there in an ETF, 217 00:12:18,780 --> 00:12:22,640 Suze: whatever you do, but do not, do not do cash 218 00:12:22,640 --> 00:12:24,700 Suze: value life insurance, all right. 219 00:12:27,710 --> 00:12:30,239 KT: There you go, Monique. OK, next question is from... 220 00:12:30,239 --> 00:12:30,249 KT: Oh, you are getting... 221 00:12:30,249 --> 00:12:35,900 KT: I know Suze. I know what these questions do to her. 222 00:12:36,070 --> 00:12:38,299 KT: I feel like we've had a little spice in here 223 00:12:38,669 --> 00:12:40,829 KT: because we've been talking so much about Roth. These are 224 00:12:40,830 --> 00:12:42,228 KT: all different. Here's a good one. 225 00:12:42,489 --> 00:12:45,640 KT: This is from Sokeri. Thank you for what you do 226 00:12:45,640 --> 00:12:50,330 KT: for us. I'm a single mom, business owner, renting with 227 00:12:50,330 --> 00:12:54,829 KT: an emergency fund and a 20% down payment for a house. 228 00:12:55,200 --> 00:13:00,349 KT: I heard about seller financing, and I'm curious. Two questions. 229 00:13:00,359 --> 00:13:03,479 KT: Do you think I should buy? If so, what are 230 00:13:03,479 --> 00:13:08,209 KT: your thoughts about seller financing as an alternative option? 231 00:13:09,130 --> 00:13:12,450 Suze: Here is a situation once again. 232 00:13:13,130 --> 00:13:16,228 Suze: That all you tell me is you're a single mom, 233 00:13:16,599 --> 00:13:20,079 Suze: you're a business owner, currently you're renting, you have an 234 00:13:20,080 --> 00:13:25,150 Suze: emergency fund and 20% down. Do you think I should buy, 235 00:13:25,179 --> 00:13:26,199 Suze: you say. 236 00:13:28,250 --> 00:13:32,260 Suze: How would I know? OK, she's really laughing now. 237 00:13:33,210 --> 00:13:35,820 KT: I picked these questions that have a whole lot of 238 00:13:35,820 --> 00:13:40,608 KT: blanks in them because it challenges her to figure out 239 00:13:40,609 --> 00:13:42,340 KT: what advice to give you. 240 00:13:42,690 --> 00:13:45,409 Suze: Here's the advice I'm going to give you. 241 00:13:45,530 --> 00:13:46,809 KT: Send me more information. 242 00:13:46,890 --> 00:13:52,409 Suze: No, don't, right? But here's the advice seriously. Is your 243 00:13:52,409 --> 00:13:53,679 Suze: job secure? 244 00:13:54,549 --> 00:13:59,179 Suze: Right, can you afford the monthly payments on a mortgage 245 00:13:59,179 --> 00:14:05,789 Suze: plus the insurance plus the property tax plus maintenance? So 246 00:14:05,789 --> 00:14:08,468 Suze: do you want to own a home, or is it 247 00:14:08,469 --> 00:14:12,669 Suze: better for you to continue just renting because maybe renting 248 00:14:12,669 --> 00:14:16,590 Suze: is far simpler for you. Where, what area are you 249 00:14:16,590 --> 00:14:17,469 Suze: talking about? 250 00:14:18,070 --> 00:14:21,880 Suze: Because in certain areas like Florida and maybe LA, you 251 00:14:21,880 --> 00:14:25,640 Suze: can't even get insurance anymore in many of the areas 252 00:14:25,640 --> 00:14:29,869 Suze: to even cover your home in terms of property insurance. 253 00:14:30,039 --> 00:14:32,119 Suze: And if you're going to take out a mortgage, you 254 00:14:32,119 --> 00:14:35,869 Suze: need insurance. So have you figured out all of those? 255 00:14:36,059 --> 00:14:40,349 Suze: You're a business owner. What happens if you get sick? 256 00:14:40,780 --> 00:14:44,289 Suze: And you can't run your business any more. Then what 257 00:14:44,289 --> 00:14:47,929 Suze: are you going to do? And there's so many things 258 00:14:47,929 --> 00:14:50,369 Suze: to consider, so I don't have a clue what you 259 00:14:50,369 --> 00:14:54,849 Suze: should do. Do you all understand? It's not just as 260 00:14:54,849 --> 00:14:57,130 Suze: simple as, should I buy a home, Suze? 261 00:14:57,919 --> 00:15:01,669 Suze: It's not just as simple as I have $300,000. What 262 00:15:01,669 --> 00:15:05,469 Suze: should I do with it? You have to think more 263 00:15:05,469 --> 00:15:09,070 Suze: deeply about your entire situation. 264 00:15:09,830 --> 00:15:13,280 Suze: And you have to make these decisions on your own, 265 00:15:13,369 --> 00:15:16,210 Suze: 'cause otherwise you're going to meet up with possibly a 266 00:15:16,210 --> 00:15:18,280 Suze: real estate agent, and they're going to say, oh yeah, 267 00:15:18,609 --> 00:15:22,049 Suze: buy this. You're going to go and see possibly a 268 00:15:22,049 --> 00:15:25,369 Suze: financial advisor that will say, oh 300,000. I don't care 269 00:15:25,369 --> 00:15:28,729 Suze: what else you have buy this. Now maybe you'll meet 270 00:15:28,729 --> 00:15:32,650 Suze: up with an honest one and a good one, possibly. 271 00:15:33,719 --> 00:15:38,719 Suze: So therefore you have to start thinking more deeply about 272 00:15:38,719 --> 00:15:42,679 Suze: your own individual situations and what could go wrong. And 273 00:15:42,679 --> 00:15:45,789 Suze: if you know you can cover everything if it goes wrong, 274 00:15:46,020 --> 00:15:48,960 Suze: then it's right for you to do something with your 275 00:15:48,960 --> 00:15:51,150 Suze: money that you want to do. KT. 276 00:15:51,440 --> 00:15:53,880 KT: I, I want to give them one more piece of 277 00:15:53,880 --> 00:15:57,440 KT: advice I'll never forget. Suze's brother looked at us once 278 00:15:57,440 --> 00:16:01,020 KT: when we were buying our condo in Florida, and he said, girls, 279 00:16:01,200 --> 00:16:02,400 KT: remember one thing: 280 00:16:02,880 --> 00:16:06,429 KT: Condo fees never go down. 281 00:16:06,599 --> 00:16:09,349 Suze: Yes, he forgot to tell us about assessments as well. 282 00:16:09,440 --> 00:16:09,559 Suze: All 283 00:16:09,559 --> 00:16:10,169 Suze: right, go on. 284 00:16:10,950 --> 00:16:14,039 KT: OK. Next question is Jessica. We have a significant amount 285 00:16:14,039 --> 00:16:19,080 KT: of money in CDs, approximately 300,000. We have slowly been 286 00:16:19,080 --> 00:16:19,909 KT: learning about 287 00:16:20,119 --> 00:16:26,950 KT: mutual funds and stocks. Over time we have accumulated $130,000 288 00:16:26,950 --> 00:16:31,840 KT: in mutual funds and individual stocks. They are doing quite well. 289 00:16:32,150 --> 00:16:36,390 KT: How much money should remain liquid and how much should 290 00:16:36,390 --> 00:16:40,580 KT: we invest? We have no debt. Our home is paid off. 291 00:16:40,789 --> 00:16:44,789 KT: We are 50 and 52, and retirement is on the 292 00:16:44,789 --> 00:16:47,020 KT: horizon but a few years away. 293 00:16:47,549 --> 00:16:50,809 KT: And Suze, I'll just give you real quick. They have 294 00:16:50,809 --> 00:16:53,570 KT: two kids, one gets a, they're in college. One has 295 00:16:53,570 --> 00:16:56,320 KT: a free ride. The other one needs to be paid for. 296 00:16:56,609 --> 00:17:01,210 KT: We have a small 529 plan. Our retirement 401 is 297 00:17:01,210 --> 00:17:05,479 KT: $2 million combined plus I will have a fixed pension 298 00:17:05,479 --> 00:17:10,640 KT: of $7,000 monthly. So there's a little more information for you. 299 00:17:11,050 --> 00:17:12,458 KT: I think they're doing pretty well. 300 00:17:12,569 --> 00:17:17,089 Suze: They're doing pretty well, but you're really doing really bad 301 00:17:17,430 --> 00:17:22,640 Suze: on one thing, you are 50 and 52 years of age. 302 00:17:22,939 --> 00:17:26,219 Suze: How is it possible that you haven't listened to me 303 00:17:26,219 --> 00:17:30,650 Suze: for all these years and you now have $2 million 304 00:17:31,060 --> 00:17:35,409 Suze: in a pre-tax retirement account and not in a Roth? 305 00:17:35,859 --> 00:17:39,969 Suze: That means later on when you go to take money out, 306 00:17:40,170 --> 00:17:42,680 Suze: you are going to pay ordinary income tax on it. 307 00:17:42,699 --> 00:17:44,339 Suze: You know, your two kids, 308 00:17:44,939 --> 00:17:47,810 Suze: all right, you die and leave it to them. They're 309 00:17:47,810 --> 00:17:50,719 Suze: going to pay ordinary income tax on it. You add 310 00:17:50,719 --> 00:17:55,430 Suze: that to your $7000 a month pension plus Social Security 311 00:17:55,430 --> 00:17:59,050 Suze: and everything else. Oh, now you're in a seriously high 312 00:17:59,050 --> 00:18:02,810 Suze: income tax bracket, and you have made Uncle Sam so 313 00:18:02,810 --> 00:18:04,560 Suze: happy I can't even tell you. 314 00:18:05,670 --> 00:18:08,619 Suze: I don't care about what you should be doing with 315 00:18:08,619 --> 00:18:11,659 Suze: new money, how much you should keep safe, how much... 316 00:18:11,660 --> 00:18:14,179 Suze: I don't care about that right now. I care about 317 00:18:14,180 --> 00:18:18,669 Suze: you better figure out how to get that $2 million 318 00:18:18,670 --> 00:18:22,089 Suze: little by little into your Roth 401k. 319 00:18:22,770 --> 00:18:26,280 Suze: So that by the time you actually retire, it is 320 00:18:26,280 --> 00:18:29,599 Suze: all there and a new contribution should be going to 321 00:18:29,599 --> 00:18:32,989 Suze: a Roth 401k. And if you can figure it out, 322 00:18:33,260 --> 00:18:39,550 Suze: a Roth IRA as well, period. That is the move, Jessica, 323 00:18:39,680 --> 00:18:42,800 Suze: that you really need to start thinking about because you 324 00:18:42,800 --> 00:18:47,469 Suze: are just so, so wrong with having so much money 325 00:18:47,469 --> 00:18:51,839 Suze: in a 401k pretax. What are you looking at me? 326 00:18:52,479 --> 00:18:54,439 KT: Because you don't have to give her a slap down 327 00:18:54,439 --> 00:18:55,150 KT: so hard. 328 00:18:55,239 --> 00:18:59,079 Suze: I, but I'm telling you, KT, for how many years 329 00:18:59,079 --> 00:19:04,629 Suze: now have I been telling people don't do pre-tax account 330 00:19:04,630 --> 00:19:07,229 Suze: and yet you all still are doing them. 331 00:19:07,535 --> 00:19:10,525 Suze: Even if you're doing them, are you doing what it 332 00:19:10,525 --> 00:19:14,525 Suze: takes to convert little by little into a Roth, and 333 00:19:14,525 --> 00:19:16,645 Suze: you're thinking, oh, but I'm going to owe taxes, and 334 00:19:16,645 --> 00:19:20,724 Suze: this the biggest mistake I am telling you, in my 335 00:19:20,724 --> 00:19:24,964 Suze: opinion you are making, is to have a whole lot 336 00:19:24,964 --> 00:19:30,765 Suze: of money in a traditional 401k or IRA. 337 00:19:31,209 --> 00:19:32,159 Suze: All right, go on, KT. 338 00:19:32,729 --> 00:19:36,449 KT: So next question, Suze is from Wendy. Dear Suze, my 339 00:19:36,449 --> 00:19:39,760 KT: husband and I have invested almost all of our money 340 00:19:39,760 --> 00:19:42,579 KT: in real estate. OK, ready? 341 00:19:43,130 --> 00:19:46,859 Suze: What you... just wait, should we just call this podcast? 342 00:19:47,819 --> 00:19:48,500 KT: It makes Suze aggrevated. 343 00:19:48,500 --> 00:19:52,419 Suze: It's Ask KT and make Suze aggravated podcast. 344 00:19:52,810 --> 00:19:55,689 KT: That's why we're going to Italy, everybody. She's going to 345 00:19:55,689 --> 00:19:58,448 KT: calm down, have a little, she doesn't drink. I'll have 346 00:19:58,449 --> 00:20:02,399 KT: a glass of wine. She'll have a little gelato or pasta, 347 00:20:02,930 --> 00:20:04,719 KT: everything she doesn't eat. Ready? 348 00:20:05,380 --> 00:20:08,469 KT: My husband and I have invested almost all of our 349 00:20:08,469 --> 00:20:14,909 KT: money in real estate amounting to approximately $2 million in 350 00:20:14,910 --> 00:20:20,910 KT: a beautiful Colorado resort mountain town. Knowing that real estate 351 00:20:20,910 --> 00:20:25,188 KT: is always a good investment, we bought premium lots and 352 00:20:25,189 --> 00:20:29,180 KT: a house in a down market, hoping to capitalize on 353 00:20:29,180 --> 00:20:30,510 KT: our investments one day. 354 00:20:30,510 --> 00:20:31,310 Suze: As long as 355 00:20:31,310 --> 00:20:32,050 Suze: you can sell it. 356 00:20:32,469 --> 00:20:34,670 KT: Well, here's the, here's the clincher. 357 00:20:35,420 --> 00:20:39,410 KT: Ready. All of the properties have been listed for a 358 00:20:39,410 --> 00:20:43,050 KT: while now, but due to the current market situation, we 359 00:20:43,050 --> 00:20:45,569 KT: have been unable to sell. 360 00:20:45,569 --> 00:20:48,334 Suze: While they still have the cost of... just go on. 361 00:20:48,334 --> 00:20:53,389 KT: We have some stocks worth about 100,000 and are concerned 362 00:20:53,390 --> 00:20:57,890 KT: they will be lost in a possible recession. Half of 363 00:20:57,890 --> 00:21:01,530 KT: their value was lost in a previous recession. 364 00:21:02,050 --> 00:21:03,689 KT: Which took years to regain. 365 00:21:03,930 --> 00:21:05,890 Suze: Yeah, 2007, 2008. Go on. 366 00:21:05,930 --> 00:21:10,000 KT: Ok, ready? We are business owners. We're wanting to retire. 367 00:21:10,290 --> 00:21:14,410 KT: My husband is reducing the workload. As we have everything 368 00:21:14,410 --> 00:21:19,130 KT: for sale, hoping to fulfill our dreams of travel. Our 369 00:21:19,130 --> 00:21:20,520 KT: accounts are dwindling. 370 00:21:20,979 --> 00:21:25,060 KT: Should we sell some of our stocks to reinvest in 371 00:21:25,060 --> 00:21:31,849 KT: high yield savings account, pay off a $10,000 credit card debt, ready, 372 00:21:32,579 --> 00:21:36,290 KT: and create an emergency fund against recession. 373 00:21:37,109 --> 00:21:41,060 KT: Now upon selling our properties, which has taken much longer 374 00:21:41,060 --> 00:21:47,459 KT: than anticipated, we plan on reinvesting and achieving our retirement goals. 375 00:21:47,869 --> 00:21:52,189 KT: Any advice you would give would be greatly appreciated, as 376 00:21:52,189 --> 00:21:57,099 KT: we are not particularly investment savvy but are learning. By 377 00:21:57,099 --> 00:21:57,790 KT: the way. 378 00:21:58,430 --> 00:22:01,188 KT: Ready for this? This is the part that put a 379 00:22:01,189 --> 00:22:04,180 KT: smile on my face. Do you know of anyone who 380 00:22:04,180 --> 00:22:08,780 KT: might be interested in owning a beautifully renovated historic Victorian 381 00:22:08,780 --> 00:22:11,109 KT: home in a quaint mountain town? 382 00:22:11,579 --> 00:22:12,300 Suze: Oh, maybe we 383 00:22:12,300 --> 00:22:12,609 Suze: are. 384 00:22:13,510 --> 00:22:16,109 KT: Alright, there you go. There you go. This is from 385 00:22:16,109 --> 00:22:22,349 KT: Wendy and let's be gentle because Wendy really wants to 386 00:22:22,349 --> 00:22:24,869 KT: sell these properties, but maybe they just need to do 387 00:22:24,869 --> 00:22:26,060 KT: a fire sale. 388 00:22:26,349 --> 00:22:28,939 Suze: Now Wendy, I need you to listen to me. 389 00:22:29,699 --> 00:22:33,079 Suze: I talk about diversification all the time. 390 00:22:33,930 --> 00:22:38,280 Suze: And when you have 100% of your money invested in 391 00:22:38,280 --> 00:22:39,640 Suze: one sector. 392 00:22:40,349 --> 00:22:45,959 Suze: You're always in my opinion, asking for trouble. Now you 393 00:22:45,959 --> 00:22:49,260 Suze: may have lost half of your money in the market 394 00:22:49,770 --> 00:22:54,810 Suze: back in 2007, 2008, 2009, but it took a long 395 00:22:54,810 --> 00:22:58,369 Suze: time for it to come back. If you had owned 396 00:22:58,369 --> 00:23:00,170 Suze: real estate back then. 397 00:23:00,969 --> 00:23:04,159 Suze: You could have bought something, let's just say Tampa, Florida, 398 00:23:04,329 --> 00:23:12,160 Suze: $700,000 that was worth $100,000. Real estate actually lost more 399 00:23:12,410 --> 00:23:19,540 Suze: than 50% of its value back then, so things can happen. 400 00:23:20,329 --> 00:23:23,968 Suze: Right now, you need to sell this real estate. 401 00:23:24,489 --> 00:23:28,800 Suze: And I have a feeling that real estate is going 402 00:23:28,800 --> 00:23:33,000 Suze: to actually get slower rather than pick up. People are 403 00:23:33,000 --> 00:23:36,920 Suze: hoping that if interest rates go down, that people will 404 00:23:36,920 --> 00:23:41,198 Suze: get more interested, but still, you may need to do 405 00:23:41,199 --> 00:23:46,680 Suze: what KT said. You may need to keep lowering your 406 00:23:46,680 --> 00:23:52,119 Suze: price until somebody is seriously interested in it. 407 00:23:52,579 --> 00:23:58,530 Suze: Because you have $10,000 of debt, you have about $100,000 408 00:23:58,530 --> 00:23:59,699 Suze: in stocks. 409 00:24:00,339 --> 00:24:04,290 Suze: But you're concerned about a recession, so you're going to 410 00:24:04,290 --> 00:24:08,849 Suze: sell something that you should probably, in my opinion, absolutely 411 00:24:08,849 --> 00:24:13,229 Suze: be keeping. I don't know which stocks you have, but 412 00:24:13,229 --> 00:24:16,969 Suze: if you're invested in the right stocks in the next 413 00:24:16,969 --> 00:24:19,129 Suze: few years, are you kidding me? 414 00:24:19,719 --> 00:24:22,349 Suze: Many of those stocks that I have been talking about, 415 00:24:22,599 --> 00:24:25,909 Suze: ETFs that I have been talking about on the podcast, 416 00:24:26,199 --> 00:24:28,959 Suze: I wouldn't be selling them right now for all the 417 00:24:28,959 --> 00:24:31,520 Suze: money in the world. And in fact, if they happen 418 00:24:31,520 --> 00:24:35,560 Suze: to go down for whatever reason, I would actually be 419 00:24:35,560 --> 00:24:36,680 Suze: buying more. 420 00:24:37,369 --> 00:24:42,140 Suze: The great thing about stocks is that they are liquid. 421 00:24:42,430 --> 00:24:44,869 Suze: Either pick up the phone and talk to a financial person, 422 00:24:44,989 --> 00:24:45,899 Suze: say sell. 423 00:24:46,680 --> 00:24:49,389 Suze: And you get the money a few seconds later it's 424 00:24:49,390 --> 00:24:53,589 Suze: liquidated or you go online and do it. You have 425 00:24:53,589 --> 00:24:57,310 Suze: invested in things that are not liquid. 426 00:24:58,150 --> 00:25:03,469 Suze: And that puts you in a dangerous situation. It just does. 427 00:25:03,800 --> 00:25:06,189 Suze: So my advice to you truthfully. 428 00:25:06,829 --> 00:25:10,979 Suze: It is to liquidate them as fast as you can, 429 00:25:10,989 --> 00:25:14,260 Suze: meaning lower the price, get out of them, and then 430 00:25:14,260 --> 00:25:19,060 Suze: it's done. But then Wendy, I don't know how you're 431 00:25:19,060 --> 00:25:21,260 Suze: going to reinvest that money. 432 00:25:21,910 --> 00:25:26,479 Suze: But you might really need some professional guidance in doing 433 00:25:26,479 --> 00:25:30,810 Suze: it because I would not be reinvesting it back into 434 00:25:30,810 --> 00:25:36,489 Suze: real estate 100%. I would be absolutely doing something that 435 00:25:36,489 --> 00:25:36,900 Suze: gives you 436 00:25:36,954 --> 00:25:41,185 Suze: income that you can count on dividend paying stocks, things 437 00:25:41,185 --> 00:25:45,265 Suze: like that, but you're going to be needing help, but 438 00:25:45,265 --> 00:25:48,125 Suze: I would not be worried about a recession if I 439 00:25:48,125 --> 00:25:51,944 Suze: were you, and I would not be liquidating my stocks, assuming, 440 00:25:52,400 --> 00:25:56,069 Suze: that they are good, good stocks. What do you want 441 00:25:56,069 --> 00:25:56,520 Suze: to say KT? 442 00:25:56,520 --> 00:26:01,619 KT: She's coming into season. It's in Colorado, quaint mountain town. 443 00:26:01,829 --> 00:26:06,939 KT: You're coming into ski season and mountain season take advantage 444 00:26:07,270 --> 00:26:09,910 KT: of all the people that could be interested. 445 00:26:10,015 --> 00:26:10,635 KT: Go for it. 446 00:26:10,824 --> 00:26:11,694 Suze: All right, one more KT. 447 00:26:11,694 --> 00:26:15,655 KT: OK, this is from Regina. Regina said... 448 00:26:17,724 --> 00:26:17,934 Suze: Wait, am I going to get aggravated? 449 00:26:17,934 --> 00:26:20,724 KT: No, I think this is a very simple and straightforward... 450 00:26:20,724 --> 00:26:21,714 Suze: Should it be your quizzy? 451 00:26:21,925 --> 00:26:22,194 KT: No. 452 00:26:22,454 --> 00:26:23,125 Suze: No quizzy today? 453 00:26:23,125 --> 00:26:27,524 KT: No, it said Roth converting, is it too late? 454 00:26:28,069 --> 00:26:29,750 KT: I am 60 years young. 455 00:26:30,000 --> 00:26:30,319 Suze: No. 456 00:26:30,479 --> 00:26:33,520 KT: And then wait, Regina said, I've one more question. Is 457 00:26:33,520 --> 00:26:37,280 KT: there such a thing of being over diversified? I have 458 00:26:37,280 --> 00:26:41,520 KT: about 14 investments in ETFs and stocks. 459 00:26:41,680 --> 00:26:42,199 Suze: Yes. 460 00:26:44,119 --> 00:26:44,780 Suze: All right, there you go. 461 00:26:44,780 --> 00:26:48,739 Suze: But, but very serious, listen, I want all of you 462 00:26:48,739 --> 00:26:51,170 Suze: to get this. I want all of you to get 463 00:26:51,170 --> 00:26:54,099 Suze: this more than you ever gotten anything I have ever 464 00:26:54,099 --> 00:26:57,010 Suze: said in the 40 years I've been doing this. 465 00:26:57,839 --> 00:27:01,689 Suze: In most cases you are not too old to be 466 00:27:01,689 --> 00:27:05,790 Suze: converting money to a Roth, especially if you're not going 467 00:27:05,790 --> 00:27:09,050 Suze: to be needing that money. If you have money in 468 00:27:09,050 --> 00:27:12,670 Suze: a traditional retirement account and you are retired and you 469 00:27:12,670 --> 00:27:15,790 Suze: actually need to withdraw money for you to live on, 470 00:27:16,040 --> 00:27:18,859 Suze: then it doesn't make any sense to convert. But if 471 00:27:18,859 --> 00:27:22,560 Suze: you're not going to need that money or you're still young, 472 00:27:22,640 --> 00:27:23,680 Suze: like 60. 473 00:27:24,630 --> 00:27:31,819 Suze: You should absolutely be converting. Can you please, please get that? 474 00:27:31,859 --> 00:27:36,339 Suze: I promise you, years from now you're going to love 475 00:27:36,339 --> 00:27:39,530 Suze: me for it, but you should love me right now, 476 00:27:39,699 --> 00:27:42,810 Suze: even without it. But that's besides the point in terms 477 00:27:42,810 --> 00:27:46,709 Suze: of is there such a thing of being over diversified? Oh, 478 00:27:46,859 --> 00:27:51,770 Suze: you bet there is. I was looking at somebody's portfolio 479 00:27:52,099 --> 00:27:53,188 Suze: a little bit ago. 480 00:27:54,119 --> 00:27:57,119 Suze: Their financial advisor, and I may have told you this, 481 00:27:57,449 --> 00:28:02,930 Suze: have them in possibly like 30 different exchange traded funds 482 00:28:02,930 --> 00:28:04,329 Suze: and mutual funds. 483 00:28:05,150 --> 00:28:07,790 Suze: Maybe even more than that. And if they looked at 484 00:28:07,790 --> 00:28:11,349 Suze: the holdings of each of those ETFs and mutual funds, 485 00:28:11,449 --> 00:28:14,869 Suze: they're invested almost in the same thing. 486 00:28:15,619 --> 00:28:21,040 Suze: So yes, you can be over diversified. Truthfully, if I 487 00:28:21,040 --> 00:28:23,739 Suze: were going to be investing and I didn't really know 488 00:28:23,739 --> 00:28:24,479 Suze: what to do. 489 00:28:25,290 --> 00:28:27,839 Suze: And I had at least five, 10, 15 years till 490 00:28:27,839 --> 00:28:28,989 Suze: I needed this money. 491 00:28:29,719 --> 00:28:32,979 Suze: I would take whatever money I had, and I would 492 00:28:32,979 --> 00:28:39,339 Suze: put half of it 50%, into VOO, and the other 50% 493 00:28:39,339 --> 00:28:49,329 Suze: I would probably put into stocks like Palantir, IONQ, possibly Tesla, Microsoft, 494 00:28:49,510 --> 00:28:52,859 Suze: any of the ones that I have been mentioning, and 495 00:28:52,859 --> 00:28:57,099 Suze: that's what I would be doing if I were you anyway. 496 00:28:57,849 --> 00:28:58,189 Suze: Is that that? 497 00:28:59,160 --> 00:28:59,839 KT: That's a wrap, Suze. 498 00:28:59,959 --> 00:29:01,189 Suze: All right. 499 00:29:01,969 --> 00:29:04,609 Suze: You just loved today, didn't 500 00:29:04,609 --> 00:29:05,079 Suze: you? 501 00:29:05,089 --> 00:29:09,729 KT: It was good. Didn't you all like that, everybody? They liked it. 502 00:29:09,729 --> 00:29:12,770 Suze: They liked it, KT. Mikey liked it. 503 00:29:12,770 --> 00:29:15,959 KT: They also like my Frothy Rothy drink. 504 00:29:16,339 --> 00:29:19,050 KT: It's an energy drink and it's really good. I think 505 00:29:19,050 --> 00:29:20,040 KT: they're all loving it. 506 00:29:20,410 --> 00:29:22,329 Suze: Yeah, well, it took you long enough to post it, 507 00:29:22,410 --> 00:29:25,890 Suze: but that's besides the point. All right, everybody, in two 508 00:29:25,890 --> 00:29:34,880 Suze: days we are off to Italy until the 30th of October. However, 509 00:29:35,170 --> 00:29:38,050 Suze: we will pre-record for you, 510 00:29:38,680 --> 00:29:41,859 Suze: Quite a few of the Ask KT and Suzy Anything 511 00:29:41,859 --> 00:29:45,099 Suze: podcasts so you have new ones, so you don't have 512 00:29:45,099 --> 00:29:48,310 Suze: to hear just the best of. Hopefully I will be 513 00:29:48,310 --> 00:29:51,420 Suze: able to get to doing Suze Schools for you as well, 514 00:29:51,550 --> 00:29:54,140 Suze: things I may want you to know during that time, 515 00:29:54,469 --> 00:29:58,069 Suze: but we will be back after October 30th 516 00:29:58,069 --> 00:30:00,109 KT: And on a diet. 517 00:30:02,319 --> 00:30:05,800 Suze: Probably all right, but until then there's really only one 518 00:30:05,800 --> 00:30:07,189 Suze: thing we want you to know, 519 00:30:07,439 --> 00:30:10,280 KT: and that is people first, then money. 520 00:30:11,609 --> 00:30:12,520 KT: People first. 521 00:30:12,750 --> 00:30:13,729 Suze: Did you, did you forget? 522 00:30:13,729 --> 00:30:16,540 KT: I was going to say pasta. I was gonna say 523 00:30:16,540 --> 00:30:18,969 KT: people first, then money, then things. 524 00:30:20,010 --> 00:30:20,180 KT: Now you stay safe. 525 00:30:20,180 --> 00:30:25,910 Suze: And healthy and secure. See you soon. We love you. 526 00:30:26,130 --> 00:30:26,660 Suze: Bye bye.