1 00:00:46,319 --> 00:00:51,500 Suze: October 27th, 2024. Welcome everybody to the Women and Money podcast. 2 00:00:51,509 --> 00:00:55,970 Suze: As well as everybody smart enough to listen, Suze O, here. 3 00:00:55,979 --> 00:01:00,619 Suze: And today is Suze School. Now, when it comes to money, 4 00:01:01,590 --> 00:01:04,480 Suze: there are many, many things that we have to learn 5 00:01:04,489 --> 00:01:08,569 Suze: when it comes to money and it's not just about 6 00:01:08,580 --> 00:01:12,239 Suze: what to invest in, when to buy, when to sell. 7 00:01:12,250 --> 00:01:15,870 Suze: What about real estate? What about 529 plans? What about Roths? 8 00:01:15,879 --> 00:01:17,720 Suze: What about this? What about that? 9 00:01:18,209 --> 00:01:25,470 Suze: It's also about emotional lessons, psychological lessons, all kinds of 10 00:01:25,480 --> 00:01:30,139 Suze: personal lessons that we need to learn about ourselves in 11 00:01:30,150 --> 00:01:35,349 Suze: relationship to our money because sometimes money can make your 12 00:01:35,360 --> 00:01:38,709 Suze: life easier. Sometimes it can make it harder. But as 13 00:01:38,720 --> 00:01:44,389 Suze: you well know, by now, I firmly believe that you 14 00:01:44,400 --> 00:01:45,989 Suze: and your money are one 15 00:01:46,550 --> 00:01:50,569 Suze: and that your money is there sometimes to teach you 16 00:01:50,580 --> 00:01:53,650 Suze: what you need to learn about yourself. There is no 17 00:01:53,660 --> 00:01:56,769 Suze: greater teacher in life than money. 18 00:01:57,419 --> 00:02:01,449 Suze: And therefore when you think about it, if you and 19 00:02:01,459 --> 00:02:05,319 Suze: your money are one, there's no greater teacher in life 20 00:02:05,330 --> 00:02:10,580 Suze: about your own life rather than yourself. And so to 21 00:02:10,589 --> 00:02:13,699 Suze: that end today is going to be a different Suze 22 00:02:13,710 --> 00:02:17,029 Suze: School because not only is it going to be about 23 00:02:17,038 --> 00:02:20,820 Suze: what I'm just talking about now, but it's gonna be 24 00:02:20,830 --> 00:02:24,279 Suze: a discussion, a conversation 25 00:02:25,020 --> 00:02:25,529 Suze: with who? 26 00:02:26,460 --> 00:02:30,649 KT: KT I'm here. Everybody, she invited me to join her. 27 00:02:30,929 --> 00:02:32,519 KT: And I love coming to Sunday 28 00:02:32,529 --> 00:02:33,288 KT: school. 29 00:02:33,300 --> 00:02:36,809 Suze: Right. Because I think it's important because it is true 30 00:02:36,820 --> 00:02:40,710 Suze: that KT and I are one in so many ways, 31 00:02:40,899 --> 00:02:44,550 Suze: but we also have different experiences and different thoughts and 32 00:02:44,559 --> 00:02:47,529 Suze: different opinions. And this today, 33 00:02:47,610 --> 00:02:51,978 Suze: I think it's a Suze school. Actually, I know it's 34 00:02:51,990 --> 00:02:57,478 Suze: a Suze School that requires thought and a conversation at 35 00:02:57,490 --> 00:03:02,229 Suze: least between me and KT. So I want KT to 36 00:03:02,240 --> 00:03:08,270 Suze: start by reading the email that we got that spurred 37 00:03:08,279 --> 00:03:10,190 Suze: this Suze School 38 00:03:10,910 --> 00:03:14,500 KT: First, happy Sunday everybody. And Suze, thank you for asking 39 00:03:14,508 --> 00:03:17,179 KT: me to join you because I really like this email 40 00:03:17,190 --> 00:03:21,008 KT: a lot. All right, it says, hi Suze and KT. 41 00:03:21,470 --> 00:03:24,880 KT: It's wild how much my life has changed in the 42 00:03:24,889 --> 00:03:28,288 KT: two and a half years since I wrote you. I 43 00:03:28,300 --> 00:03:31,990 KT: truly feel like Suze has been an important part of 44 00:03:32,000 --> 00:03:35,250 KT: my life journey and I thought I'd share an update. 45 00:03:35,679 --> 00:03:39,179 KT: I finally got the courage to stand in my truth 46 00:03:39,369 --> 00:03:43,580 KT: and acknowledge that I wasn't happy in my marriage. And 47 00:03:43,589 --> 00:03:47,240 KT: I did the hardest thing I've ever done, which was 48 00:03:47,250 --> 00:03:49,220 KT: to leave my husband. 49 00:03:49,770 --> 00:03:52,869 KT: My ex is a good person. I just knew that 50 00:03:52,880 --> 00:03:55,979 KT: I deserve to be happy. And to have the kind 51 00:03:55,990 --> 00:03:59,990 KT: of love that the two of you so obviously share. 52 00:04:00,320 --> 00:04:04,250 KT: Is that sweet Suze? That's nice. I thought that was 53 00:04:04,259 --> 00:04:06,229 KT: really touching. So 54 00:04:06,345 --> 00:04:10,494 KT: there was a podcast episode that was especially influential. I 55 00:04:10,505 --> 00:04:14,205 KT: wish I remember the specific one, but Suze seemed to 56 00:04:14,214 --> 00:04:17,674 KT: have been speaking to me directly in her tough love, 57 00:04:17,684 --> 00:04:21,274 KT: Suze voice. So not only you, Anna, I get that 58 00:04:21,285 --> 00:04:22,674 KT: voice all the time, 59 00:04:23,290 --> 00:04:26,159 KT: the pep talk she gave was about the importance of 60 00:04:26,170 --> 00:04:29,880 KT: standing in your own truth and reminding us that we 61 00:04:29,890 --> 00:04:34,880 KT: are strong and can handle hard things. I'm fortunate that 62 00:04:34,890 --> 00:04:38,500 KT: the divorce was very easy as far as splitting assets, 63 00:04:38,510 --> 00:04:39,230 KT: et cetera. 64 00:04:39,500 --> 00:04:42,760 KT: I had enough cash to buy my ex out of 65 00:04:42,769 --> 00:04:46,559 KT: the home equity of our townhouse. And I'm so very 66 00:04:46,570 --> 00:04:50,959 KT: grateful that he transferred the deed to me yet stayed 67 00:04:50,970 --> 00:04:56,119 KT: on the mortgage so that I can keep our 2.65% rate. 68 00:04:56,940 --> 00:04:59,359 KT: So she said he's a good person. She said that 69 00:04:59,730 --> 00:05:03,100 KT: as far as divorces go, it went as smooth as 70 00:05:03,109 --> 00:05:07,950 KT: possible and I'm so happy. It's behind me. So Suze, 71 00:05:07,959 --> 00:05:11,510 KT: Anna goes on now to say I need another Suze 72 00:05:11,519 --> 00:05:15,790 KT: pep talk, Suze. I'd love to hear about your experience 73 00:05:15,799 --> 00:05:19,029 KT: when you started to make a lot of money. Did 74 00:05:19,040 --> 00:05:22,769 KT: you think you didn't deserve it? Did you feel guilty 75 00:05:22,779 --> 00:05:23,829 KT: for having it 76 00:05:24,079 --> 00:05:27,040 KT: when there are people who have such challenging jobs that 77 00:05:27,049 --> 00:05:32,399 KT: make so little comparatively, we know teachers, nurses. So on, 78 00:05:32,559 --> 00:05:36,618 KT: did it make you doubt yourself professionally? I'm in this 79 00:05:36,630 --> 00:05:40,660 KT: situation and I'm really struggling with it due to a 80 00:05:40,670 --> 00:05:44,700 KT: combination of being very good at my job and getting 81 00:05:44,709 --> 00:05:45,738 KT: very lucky. 82 00:05:46,190 --> 00:05:48,649 KT: And then she says that she worked for a company 83 00:05:48,660 --> 00:05:51,970 KT: that had a significant stock price growth and a lot 84 00:05:51,980 --> 00:05:56,750 KT: of her pay is in stock. So she had a windfall. Obviously, 85 00:05:56,869 --> 00:06:00,839 KT: she said I'll make about 1.4 million this year. And 86 00:06:00,850 --> 00:06:04,410 KT: the thought of that is so absurd to me. I'm 87 00:06:04,420 --> 00:06:08,760 KT: almost ashamed to admit it. I know people would see 88 00:06:08,769 --> 00:06:11,549 KT: this question and roll their eyes at me, but I 89 00:06:11,559 --> 00:06:15,890 KT: can't help but feeling guilty. Remember that Suze, 90 00:06:16,279 --> 00:06:20,899 KT: I can't help but feeling guilty and under deserving of 91 00:06:20,910 --> 00:06:24,659 KT: my income and the wealth that I'm building. I still 92 00:06:24,670 --> 00:06:28,349 KT: think of the advice that you gave me two and a half years ago, 93 00:06:28,359 --> 00:06:31,660 KT: which is that you never know what will happen to 94 00:06:31,670 --> 00:06:35,178 KT: your income. I know that I probably won't keep this 95 00:06:35,190 --> 00:06:39,170 KT: level of income forever, which is why I'm focused on 96 00:06:39,178 --> 00:06:40,779 KT: saving and investing. 97 00:06:41,149 --> 00:06:44,409 KT: But how can I get out of this mindset while 98 00:06:44,420 --> 00:06:50,140 KT: still staying humble and grateful? Yet also acknowledging to myself 99 00:06:50,149 --> 00:06:53,959 KT: that I'm great at what I do. Thanks, Suze. I 100 00:06:53,970 --> 00:06:58,118 KT: would really love to hear from you. So, so sweet. 101 00:06:58,130 --> 00:07:00,369 KT: So what do you, what do you think about this? 102 00:07:00,380 --> 00:07:03,919 Suze: The reason that I chose this email, KT 103 00:07:04,350 --> 00:07:07,040 Suze: and that I wanted to do this because the way 104 00:07:07,049 --> 00:07:11,709 Suze: that Anna is feeling is not uncommon. I have gotten 105 00:07:11,720 --> 00:07:14,940 Suze: Anna because now I'm talking directly to you and everybody 106 00:07:14,950 --> 00:07:18,959 Suze: that might feel this way, the number of emails and 107 00:07:18,970 --> 00:07:20,549 Suze: people I have met 108 00:07:21,429 --> 00:07:25,649 Suze: that feel this way or come into an inheritance and 109 00:07:25,660 --> 00:07:30,489 Suze: they hide the fact that they've inherited millions of dollars 110 00:07:30,500 --> 00:07:35,970 Suze: from their family yet nobody, not one of their friends 111 00:07:35,980 --> 00:07:40,850 Suze: has a clue. It's like they are embarrassed by money. 112 00:07:41,510 --> 00:07:46,570 Suze: And so it's not just you, Anna, that feels that way. 113 00:07:46,790 --> 00:07:48,489 Suze: What would you say, KT? What do you want to 114 00:07:48,500 --> 00:07:49,250 Suze: say to her? 115 00:07:49,890 --> 00:07:51,429 KT: I think that um 116 00:07:52,160 --> 00:07:54,989 KT: one of the things I noticed after reading the email, 117 00:07:55,000 --> 00:07:58,790 KT: Suze is that Anna does know she's really great at 118 00:07:58,799 --> 00:08:02,859 KT: what she does. But Anna, the one thing you didn't say, 119 00:08:03,059 --> 00:08:06,970 KT: I'm so proud of myself, like she didn't say she 120 00:08:06,980 --> 00:08:09,500 KT: was proud of herself and acknowledging 121 00:08:09,859 --> 00:08:13,480 KT: to herself or to anyone around her that she's so 122 00:08:13,489 --> 00:08:17,609 KT: proud that she's been able to accomplish this, you know, 123 00:08:17,619 --> 00:08:22,410 KT: great um windfall and acknowledgment of how good she is 124 00:08:22,420 --> 00:08:25,450 KT: at her job. But she did. But wait, I have 125 00:08:25,459 --> 00:08:28,500 KT: something else to say that you taught her the other 126 00:08:28,510 --> 00:08:32,340 KT: thing that she acknowledged and, and she's smart because you, 127 00:08:32,429 --> 00:08:33,630 KT: you told her, you said 128 00:08:34,270 --> 00:08:38,030 KT: Anna, you never know what can happen to your income. 129 00:08:38,489 --> 00:08:40,169 KT: It's always a two way street. 130 00:08:40,219 --> 00:08:43,729 Suze: Yeah, I think what KT is trying to say there, right? 131 00:08:43,739 --> 00:08:46,770 Suze: Is that your income can all of a sudden increase. 132 00:08:47,200 --> 00:08:49,890 Suze: But it's also true that something can happen in your 133 00:08:49,900 --> 00:08:53,809 Suze: life and you find yourself with no income, no money, 134 00:08:54,380 --> 00:08:59,309 Suze: all of that. But basically, Anna, here's what you will 135 00:08:59,320 --> 00:09:03,010 Suze: come to understand truthfully sooner than later. 136 00:09:03,530 --> 00:09:08,799 Suze: It's not whether you deserved this or not. Just because 137 00:09:08,809 --> 00:09:12,210 Suze: somebody doesn't get money or doesn't have money, doesn't mean 138 00:09:12,219 --> 00:09:14,429 Suze: that they're not deserving of money. 139 00:09:15,849 --> 00:09:19,250 Suze: Simply. It means that you were in a position in 140 00:09:19,260 --> 00:09:22,459 Suze: the right place at the right time working for the 141 00:09:22,469 --> 00:09:25,819 Suze: right company. And it was almost as if it was 142 00:09:25,830 --> 00:09:30,150 Suze: just fate that this would come your way. 143 00:09:31,219 --> 00:09:36,210 Suze: However, if you are not responsible with it, if you 144 00:09:36,219 --> 00:09:40,728 Suze: do not invest it carefully, if you do not do 145 00:09:40,739 --> 00:09:43,049 Suze: the right things with it. 146 00:09:44,039 --> 00:09:46,978 Suze: Oh, trust me. The guilt that you're feeling right now 147 00:09:46,989 --> 00:09:50,949 Suze: about getting, it will be 10 times as worse as 148 00:09:50,960 --> 00:09:54,340 Suze: the guilt will be that you lost it or that 149 00:09:54,349 --> 00:09:58,340 Suze: something happened to it. How do you get over the 150 00:09:58,349 --> 00:10:01,479 Suze: fact of when I first got money? Because I didn't 151 00:10:01,489 --> 00:10:02,460 Suze: always have money. 152 00:10:03,309 --> 00:10:06,429 Suze: You know, the truth is, remember everybody, I did not 153 00:10:06,440 --> 00:10:10,569 Suze: write my first book till I was 45 years of 154 00:10:10,580 --> 00:10:14,468 Suze: age and even though I was a financial advisor making 155 00:10:14,479 --> 00:10:18,819 Suze: maybe 100 or $200,000 a year after taxes, ok, whatever 156 00:10:18,830 --> 00:10:19,640 Suze: that would have been, 157 00:10:19,950 --> 00:10:22,809 Suze: it's not the same as when you get a check 158 00:10:22,820 --> 00:10:27,010 Suze: in one year or one month for a $1.5 million 159 00:10:27,020 --> 00:10:31,200 Suze: or $5 million. When all of a sudden those million 160 00:10:31,210 --> 00:10:36,570 Suze: dollar numbers start to come up. It's a very different feeling. Now, KT, 161 00:10:36,580 --> 00:10:38,469 Suze: I just have to say this, I'll never forget the 162 00:10:38,479 --> 00:10:39,349 Suze: first time 163 00:10:40,030 --> 00:10:47,250 Suze: that I got a check for $250,000 in one month from, 164 00:10:47,260 --> 00:10:49,309 Suze: you know, I had my own firm and that was 165 00:10:49,320 --> 00:10:52,609 Suze: the commission and everything, the fees that I had earned. 166 00:10:53,440 --> 00:10:57,659 Suze: I let that check, sit on my kitchen counter 167 00:10:58,450 --> 00:11:05,140 Suze: for maybe two weeks every day because I couldn't believe it. 168 00:11:05,150 --> 00:11:10,900 Suze: The first time I got a check for $60,000 when 169 00:11:10,909 --> 00:11:15,739 Suze: I actually switched from Merrill Lynch to Prudential Based Securities. 170 00:11:15,750 --> 00:11:18,929 Suze: I took a picture of that check and I sent 171 00:11:18,940 --> 00:11:22,380 Suze: it to my mother and my mother said, 172 00:11:22,950 --> 00:11:28,549 Suze: she looked at that picture every single day for over 173 00:11:28,559 --> 00:11:34,789 Suze: a year because really amounts of money can be unbelievable 174 00:11:35,330 --> 00:11:40,369 Suze: no matter what. So what would my advice be to you, Anna, 175 00:11:41,210 --> 00:11:45,270 Suze: my advice to you would be this: fear, shame and 176 00:11:45,280 --> 00:11:49,669 Suze: anger are the three internal obstacles to wealth. And in 177 00:11:49,679 --> 00:11:55,349 Suze: your own words, you say, I'm almost ashamed to admit 178 00:11:55,390 --> 00:11:59,630 Suze: it with shame. Another word for shame could be guilt 179 00:11:59,640 --> 00:12:05,309 Suze: at times. They kind of go together on some level. Therefore, 180 00:12:05,799 --> 00:12:08,108 Suze: you have to understand 181 00:12:08,390 --> 00:12:11,409 Suze: that you don't want to become an obstacle in your 182 00:12:11,419 --> 00:12:16,489 Suze: path to wealth. And when I say wealth, the true 183 00:12:16,500 --> 00:12:21,848 Suze: definition of wealth is that which can never diminish because 184 00:12:21,859 --> 00:12:25,289 Suze: the truth of the matter, Anna is money can come, 185 00:12:25,299 --> 00:12:30,359 Suze: money can go. But true wealth, how you feel about 186 00:12:30,369 --> 00:12:35,000 Suze: who you are, how you know who you are, your 187 00:12:35,010 --> 00:12:37,090 Suze: own self worth. 188 00:12:37,510 --> 00:12:42,260 Suze: When it is grounded in the truth of who you are, 189 00:12:42,849 --> 00:12:47,849 Suze: it can't diminish and you already had the courage to 190 00:12:47,859 --> 00:12:52,849 Suze: stand in your truth once and to do what made 191 00:12:52,859 --> 00:12:57,209 Suze: you happy because you felt you deserved a life that 192 00:12:57,219 --> 00:13:01,479 Suze: made you happy. Why don't you feel that you deserve 193 00:13:01,489 --> 00:13:03,109 Suze: a life of wealth? 194 00:13:03,729 --> 00:13:05,469 Suze: Why are you smiling KT? 195 00:13:05,960 --> 00:13:10,070 KT: Because that's what she needs to do. Anna needs to 196 00:13:10,080 --> 00:13:15,359 KT: acknowledge that she did get this incredible lucky windfall because 197 00:13:15,369 --> 00:13:19,390 KT: she's good at her job. The company's succeeding because of 198 00:13:19,400 --> 00:13:20,789 KT: her contribution. 199 00:13:21,090 --> 00:13:24,619 KT: And Anna... man, if it happened to me, I'd walk 200 00:13:24,630 --> 00:13:27,309 KT: around with the biggest smile. So my friends say KT, 201 00:13:27,320 --> 00:13:30,469 KT: why are you so happy? What happened? I and I 202 00:13:30,479 --> 00:13:33,900 KT: would tell them I just came into like this mountain 203 00:13:33,909 --> 00:13:37,250 KT: of money and I'm so excited because it's gonna give 204 00:13:37,260 --> 00:13:40,500 KT: me security to pay off my mortgage or do this 205 00:13:40,510 --> 00:13:41,189 KT: or do that. 206 00:13:41,609 --> 00:13:45,500 KT: I would actually tell people and when they share that, 207 00:13:46,020 --> 00:13:48,950 KT: when you share it, you get it out there. 208 00:13:49,289 --> 00:13:53,849 Suze: But bingo, KT because so good because do all of 209 00:13:53,859 --> 00:13:57,500 Suze: you remember when I tell you that you have debt 210 00:13:58,020 --> 00:14:00,330 Suze: and when you hide the fact that you have debt 211 00:14:00,340 --> 00:14:06,760 Suze: from others, it makes you feel less than. It's fear. 212 00:14:06,770 --> 00:14:10,559 Suze: It's shame and it's even anger at yourself for having 213 00:14:10,570 --> 00:14:14,250 Suze: created that debt. So what have I told you to do? 214 00:14:14,409 --> 00:14:19,929 Suze: Go and tell everybody how much debt you have. 215 00:14:20,869 --> 00:14:24,929 Suze: Ana when you are afraid to tell people of this 216 00:14:24,940 --> 00:14:30,679 Suze: windfall to do it with pride, then the same will happen. 217 00:14:30,690 --> 00:14:35,380 Suze: Fear and shame are ruling you right now. And like 218 00:14:35,390 --> 00:14:38,380 Suze: I said, a little bit ago, when you come from 219 00:14:38,390 --> 00:14:43,599 Suze: that place, it is the main internal obstacle to wealth. 220 00:14:43,760 --> 00:14:47,109 Suze: So tell the people that you trust, 221 00:14:47,224 --> 00:14:50,445 Suze: tell the people that you love. Why wouldn't you think 222 00:14:50,455 --> 00:14:52,804 Suze: that they would be as happy for you as you 223 00:14:52,815 --> 00:14:58,325 Suze: need to be for yourself? Are you kidding me with 224 00:14:58,335 --> 00:15:02,755 Suze: this money? You now can either pay off the mortgage 225 00:15:02,765 --> 00:15:05,804 Suze: if you even had one on your home because remember 226 00:15:06,679 --> 00:15:10,539 Suze: you said in this that your husband... ex-husband was kind 227 00:15:10,549 --> 00:15:15,090 Suze: enough to remain on the mortgage but to give you 228 00:15:15,099 --> 00:15:19,080 Suze: the deed. So maybe you still have a mortgage and 229 00:15:19,090 --> 00:15:23,640 Suze: even if it's at the 2.65% rate, maybe you take 230 00:15:23,650 --> 00:15:27,710 Suze: this money, pay off the mortgage and free your husband 231 00:15:27,719 --> 00:15:31,140 Suze: give that gift back to your husband. So he's no 232 00:15:31,150 --> 00:15:33,659 Suze: longer on the mortgage. 233 00:15:34,460 --> 00:15:39,099 Suze: So see this as a gift, not just for yourself 234 00:15:39,109 --> 00:15:41,479 Suze: but a gift for everybody. Yeah, 235 00:15:41,729 --> 00:15:43,799 KT: Wait, I need to say something else. 236 00:15:43,809 --> 00:15:44,320 Suze: Go. 237 00:15:44,330 --> 00:15:47,500 KT: You, you need to go celebrate. Listen, if you get 238 00:15:47,510 --> 00:15:50,030 KT: a handful of your best friends or a family dinner 239 00:15:50,039 --> 00:15:51,409 KT: or whatever, go celebrate. 240 00:15:51,609 --> 00:15:55,520 KT: Say, hey, everybody I wanna celebrate because I just had 241 00:15:55,530 --> 00:15:59,140 KT: this fabulous windfall. But you need to celebrate and be 242 00:15:59,150 --> 00:16:03,900 KT: strong in all of the convictions that you make to 243 00:16:03,909 --> 00:16:05,390 KT: yourself and to everyone 244 00:16:05,400 --> 00:16:05,919 KT: around you. 245 00:16:05,929 --> 00:16:09,869 Suze: So I just wanna say something as well. 246 00:16:10,450 --> 00:16:13,909 Suze: If you do get into a situation. Right now, you've 247 00:16:13,919 --> 00:16:16,109 Suze: accepted the fact that you have this money 248 00:16:16,390 --> 00:16:17,520 KT: And you deserve it 249 00:16:17,530 --> 00:16:20,710 Suze: And you deserve it. You worked for it. You know, 250 00:16:20,719 --> 00:16:23,229 Suze: and I know we keep saying the word luck. I'm 251 00:16:23,239 --> 00:16:26,700 Suze: not so sure it was luck. You decided to stay 252 00:16:26,710 --> 00:16:31,469 Suze: in that corporation. You decided to invest in stock options. 253 00:16:31,530 --> 00:16:35,669 Suze: You made a lot of decisions in your life, Anna, 254 00:16:35,989 --> 00:16:38,130 KT: And you're good at your job and you know it. 255 00:16:38,140 --> 00:16:43,530 Suze: That led you to where you are, do not insult 256 00:16:43,539 --> 00:16:48,369 Suze: yourself like this. You know, for me, my speaking fees 257 00:16:48,380 --> 00:16:52,650 Suze: are very high and I could feel guilty that major 258 00:16:52,659 --> 00:16:56,840 Suze: classical musicians that have studied their whole life when they perform, 259 00:16:56,849 --> 00:16:58,479 Suze: maybe they get 25,000. 260 00:16:58,729 --> 00:17:01,630 Suze: I could feel guilty about a whole lot of things, 261 00:17:01,640 --> 00:17:05,949 Suze: but I don't, I know what I'm worth. I stand 262 00:17:05,959 --> 00:17:09,930 Suze: by what I'm worth and I stand in that truth 263 00:17:09,939 --> 00:17:11,869 Suze: and because I stand in that truth, 264 00:17:12,369 --> 00:17:16,119 Suze: people pay it. They wait to be able to do 265 00:17:16,130 --> 00:17:19,530 Suze: that with me. Now, Anna, you need to stand in 266 00:17:19,540 --> 00:17:23,579 Suze: that truth because you don't know this isn't gonna happen again. 267 00:17:23,680 --> 00:17:27,109 Suze: You don't know that you're not gonna get another paycheck 268 00:17:27,119 --> 00:17:31,160 Suze: that's above what you think you're gonna get. You don't know, 269 00:17:31,280 --> 00:17:34,750 Suze: but you have to stay open to the probabilities of 270 00:17:34,760 --> 00:17:41,869 Suze: life and not think about anything other than what can be. 271 00:17:42,560 --> 00:17:47,859 Suze: So that's basically what you have to do. Now, how 272 00:17:47,869 --> 00:17:51,339 Suze: do you do that? You are to create a new 273 00:17:51,349 --> 00:17:56,979 Suze: truth for yourself because you have to retrain your brain. 274 00:17:57,800 --> 00:18:01,550 Suze: You have to retrain your heart. You have to retrain 275 00:18:01,560 --> 00:18:03,938 Suze: every molecule in your being 276 00:18:04,859 --> 00:18:09,359 Suze: to feel like you deserve this. And once you have 277 00:18:09,369 --> 00:18:13,089 Suze: created that new truth, I want you to write it 278 00:18:13,099 --> 00:18:19,510 Suze: down every single day 25 times to sit down and 279 00:18:19,520 --> 00:18:24,079 Suze: write it 25 times, every single day. I want you 280 00:18:24,089 --> 00:18:29,159 Suze: to scream it out loud 25 times. Maybe you're in 281 00:18:29,170 --> 00:18:32,119 Suze: the car, maybe you're somewhere, just scream it. 282 00:18:33,239 --> 00:18:37,369 Suze: And right before you go to bed at night, I 283 00:18:37,380 --> 00:18:40,589 Suze: want you to look in the mirror and I want 284 00:18:40,599 --> 00:18:44,260 Suze: you to say it silently to yourself as you're looking 285 00:18:44,270 --> 00:18:49,510 Suze: back at yourself at least 25 times. And I want 286 00:18:49,520 --> 00:18:53,979 Suze: you to do that every single day for at least 287 00:18:53,989 --> 00:18:58,780 Suze: six months. Every time your fear comes up, I want 288 00:18:58,790 --> 00:19:02,119 Suze: you to say it. You have got to quiet your 289 00:19:02,130 --> 00:19:02,849 Suze: fear 290 00:19:03,959 --> 00:19:09,199 Suze: and change how you think feel and act not only 291 00:19:09,209 --> 00:19:11,619 Suze: with money but yourself. 292 00:19:12,410 --> 00:19:15,069 Suze: So what is the new truth? 293 00:19:15,599 --> 00:19:19,790 KT: She actually wrote her truth in this email that the 294 00:19:19,800 --> 00:19:20,670 KT: truth is 295 00:19:21,579 --> 00:19:25,659 KT: I am humble, grateful and great at what I do. 296 00:19:25,670 --> 00:19:29,439 KT: And that is why I now am a millionaire. Bam. 297 00:19:29,869 --> 00:19:30,630 Suze: There you go. 298 00:19:30,640 --> 00:19:34,010 KT: There's your new truth and you wrote it yourself. So 299 00:19:34,020 --> 00:19:36,760 KT: you were up on the top of this email. She 300 00:19:36,770 --> 00:19:41,079 KT: said she's ashamed, guilty. Um She's afraid, you know, of 301 00:19:41,089 --> 00:19:44,280 KT: what people will say or think. And the only thing 302 00:19:44,290 --> 00:19:46,438 KT: Anna is, I wish Suze and I knew how old 303 00:19:46,449 --> 00:19:48,680 KT: you were because if we knew that 304 00:19:48,949 --> 00:19:53,300 KT: we could probably really richen up this lesson in terms 305 00:19:53,310 --> 00:19:56,729 KT: of having this money at what point in your life. 306 00:19:57,859 --> 00:20:00,239 Suze: But I'm not sure. I don't think that's true, KT. 307 00:20:00,400 --> 00:20:02,569 Suze: I think this is a great lesson no matter what 308 00:20:02,579 --> 00:20:05,849 Suze: point you are in your life. I hope those of 309 00:20:05,859 --> 00:20:08,129 Suze: you who are listening can feel that 310 00:20:08,380 --> 00:20:10,829 Suze: as well because many of you might get a big 311 00:20:10,839 --> 00:20:14,060 Suze: inheritance from your parents. Many of you may be in 312 00:20:14,069 --> 00:20:17,079 Suze: a position that you work for a technology company and 313 00:20:17,089 --> 00:20:20,479 Suze: you get a big windfall like Anna, maybe some of 314 00:20:20,489 --> 00:20:23,180 Suze: you have listened to some of the stocks that Keith 315 00:20:23,189 --> 00:20:26,719 Suze: Fitzgerald or even myself have said, think about buying like 316 00:20:26,729 --> 00:20:26,859 Suze: Palantair 317 00:20:28,030 --> 00:20:32,290 Suze: and you bought 10,000 shares at seven and now all 318 00:20:32,300 --> 00:20:37,040 Suze: of a sudden it is worth what, $400,000. So you 319 00:20:37,050 --> 00:20:40,170 Suze: just never know when or maybe you bought a house 320 00:20:40,180 --> 00:20:43,130 Suze: years ago and now it's worth a real fortune 321 00:20:43,140 --> 00:20:44,489 KT: Or there's the lottery. 322 00:20:44,500 --> 00:20:45,050 KT: Or there's 323 00:20:45,060 --> 00:20:49,530 Suze: the lottery. That's true. So you never know in life. 324 00:20:49,540 --> 00:20:53,169 Suze: But I do know one thing you all have to 325 00:20:53,180 --> 00:20:54,729 Suze: keep your hands open, 326 00:20:55,359 --> 00:20:59,079 Suze: don't keep them closed. Everybody don't hold on to your 327 00:20:59,089 --> 00:21:02,208 Suze: thoughts and your fear and your shame and the little 328 00:21:02,219 --> 00:21:04,790 Suze: amount of money that you think you have with tightened 329 00:21:04,800 --> 00:21:09,910 Suze: closed hands. I know you have to open those hands. 330 00:21:09,920 --> 00:21:14,060 Suze: Keep them open to receive that, which is meant to 331 00:21:14,069 --> 00:21:15,949 Suze: come your way 332 00:21:16,729 --> 00:21:21,290 Suze: because you can be the masters of your own financial destiny. 333 00:21:21,359 --> 00:21:27,669 Suze: You can have financial independence and financial freedom. You can 334 00:21:27,719 --> 00:21:30,300 Suze: have all of those things, 335 00:21:31,050 --> 00:21:33,069 Suze: but you have to not have shame, 336 00:21:33,900 --> 00:21:39,489 Suze: guilt, anger, you have to be grateful when that happens. 337 00:21:39,510 --> 00:21:43,319 Suze: You have to protect it when it happens and you 338 00:21:43,329 --> 00:21:44,530 Suze: have to make sure 339 00:21:45,189 --> 00:21:49,839 Suze: that you invest it and save it wisely. What do 340 00:21:49,849 --> 00:21:50,310 Suze: you think, KT? 341 00:21:50,319 --> 00:21:55,609 KT: I love that. I love that. I agree with you 100%. 342 00:21:55,930 --> 00:22:00,089 KT: Invest it wisely and treat your friends to a little 343 00:22:00,099 --> 00:22:05,010 KT: party or something. Celebrate. Money is something that 344 00:22:05,739 --> 00:22:10,540 KT: again, it's the fabric of life. It's our currency of life, 345 00:22:10,550 --> 00:22:11,959 KT: use it that way. 346 00:22:12,989 --> 00:22:17,910 Suze: Also remember however, money will never define you. You have 347 00:22:17,920 --> 00:22:22,609 Suze: to define your money. KT will tell you it does 348 00:22:22,619 --> 00:22:25,880 Suze: not matter how wealthy I have become, 349 00:22:26,420 --> 00:22:31,989 Suze: it does not matter how famous I have become because 350 00:22:32,000 --> 00:22:35,280 Suze: what do I still think I am KT? 351 00:22:35,329 --> 00:22:40,000 KT: A waitress. She still has the mentality of wanting to 352 00:22:40,010 --> 00:22:45,319 KT: serve people and feeling her joy doesn't come from her 353 00:22:45,329 --> 00:22:49,180 KT: windfalls and her great wealth. It has always, as long 354 00:22:49,189 --> 00:22:52,839 KT: as I've known Suze, almost 25 years now, it comes 355 00:22:52,849 --> 00:22:55,680 KT: from knowing she can help someone. 356 00:22:56,010 --> 00:22:58,709 KT: And I hear her on the phone and I see 357 00:22:58,719 --> 00:23:02,030 KT: what she writes and I hear what she tells people 358 00:23:02,260 --> 00:23:06,869 KT: that she haphazardly meets in the street. It's giving advice that, 359 00:23:06,880 --> 00:23:10,109 KT: you know, is going to help them have a better 360 00:23:10,119 --> 00:23:11,109 KT: financial life. 361 00:23:11,609 --> 00:23:12,889 Suze: And that is true 362 00:23:13,359 --> 00:23:19,438 Suze: bank account. That is my true bank account that I 363 00:23:19,449 --> 00:23:25,020 Suze: will take with me no matter what that is true wealth. 364 00:23:25,160 --> 00:23:31,099 Suze: So I hope you enjoyed this Suze School for today. 365 00:23:31,589 --> 00:23:35,429 Suze: And remember there's only one thing that matters when it 366 00:23:35,439 --> 00:23:38,349 Suze: comes to your money. And what is that? My sweet KT? 367 00:23:38,380 --> 00:23:43,869 KT: It's always people first then money and then things 368 00:23:43,880 --> 00:23:47,469 Suze: and if you do that and stay safe and healthy, 369 00:23:47,630 --> 00:23:50,250 Suze: I promise you you will 370 00:23:50,260 --> 00:23:52,969 Suze: be unstoppable.