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Buying or Leasing a Car? Suze’s Answer May Surprise You! · Suze Orman's Women & Money (And Everyone Smart Enough To Listen)

• 0:08
  Suze: April 30th, 2026.
• 0:11
  KT: Welcome to the Women and Money podcast, and everyone's smart
• 0:15
  KT: enough to listen. This is KT in the house.
• 0:18
  Suze: KT, they know who you are. Do you like our
• 0:22
  Suze: new email address? Everybody has. Tell everybody...
• 0:26
  KT: If you want to send a question that KT will
• 0:30
  KT: select for this podcast.
• 0:33
  KT: You need to send it to podcast@ Ask Suze.com and
• 0:40
  KT: that is A S K S U Z E dot com.
• 0:45
  Suze: Yeah, and that's, as you know, everybody, to make it
• 0:48
  Suze: harder for you to think you're talking to me when
• 0:51
  Suze: it's really not me. Anyway, this is the Ask KT
• 0:55
  Suze: and Suze Anything and this is where you write in
• 0:58
  Suze: a question to the address KT just gave you. And
• 1:01
  Suze: if she chooses it, oh, we will answer it on
• 1:04
  Suze: this podcast. Are you getting excited, KT?
• 1:07
  KT: Yes.
• 1:08
  Suze: Tell everybody. You tell them why, this is your baby.
• 1:10
  KT: We are leaving in a few days and we're going
• 1:14
  KT: to Japan. This has been a trip I've been wanting
• 1:17
  KT: to take Suze on for 25 years. Her first time
• 1:23
  KT: in the beautiful, beautiful islands of Japan, probably one of
• 1:28
  KT: my very favorite places in the world. Cannot wait.
• 1:31
  Suze: But KT, tell everybody what's gonna happen when we're in Japan.
• 1:37
  KT: We're finally meeting Keith and Noriko.
• 1:39
  Suze: Face to face, you know, I talked to...
• 1:41
  KT: Two years you've been talking to Fitzy.
• 1:44
  Suze: At least. I talk to Fitzy every single day. We
• 1:47
  Suze: FaceTime once or twice a day, every day, and undoubtedly
• 1:52
  Suze: sometime during that FaceTime, KT enters the picture. So does Noriko,
• 1:57
  Suze: and the four of us start talking and laughing.
• 1:59
  KT: We're like best friends that have never met in person.
• 2:03
  Suze: So we're going to see each other. However, let me
• 2:07
  Suze: just say this, KT.
• 2:08
  Suze: Because we're not gonna be here for a number of
• 2:12
  Suze: podcast drop days, we're going to try to pre-record some
• 2:17
  Suze: for you so that Robert doesn't have to play a
• 2:20
  Suze: best of. Let's see how well we do with that, KT.
• 2:24
  Suze: What do you got for me?
• 2:25
  KT: OK, my first question, Suze, is...
• 2:28
  KT: Actually, yeah, this is from April. I was gonna say
• 2:31
  KT: it's not a question, it's a thank you. She said, first,
• 2:34
  KT: I want to thank you for the trust information because
• 2:37
  KT: we got my husband's parents to put their house in
• 2:41
  KT: a trust. Thankfully didn't have to go into probate when
• 2:45
  KT: they passed. Thank you tons, Suze.
• 2:48
  Suze: Must have docs.com, everybody get it? Must have docs.com.
• 2:52
  KT: OK, but listen to what April said. She said, but
• 2:54
  KT: afterwards I was advised by an attorney that we can
• 2:59
  KT: do a transfer on death on the house that would
• 3:03
  KT: be fine and cost less. We only have one daughter
• 3:07
  KT: that it would go to, so why would this not
• 3:10
  KT: be a good idea? Thanks tons again. This is from April.
• 3:14
  KT: What do you want to tell her?
• 3:16
  Suze: You know, it's funny, KT, because I read that email.
• 3:19
  Suze: And I sent April back an email saying, oh, you
• 3:23
  Suze: listen to this on the podcast. We will. I'm gonna
• 3:26
  Suze: ask KT and put it in her little pile to read.
• 3:30
  Suze: So I snuck that in your little pile. So here's
• 3:33
  Suze: the thing that is the stupidest advice I've ever heard
• 3:36
  Suze: in my life, right? A transfer. I, I mean, really,
• 3:40
  Suze: how many times do I have to tell this to
• 3:44
  Suze: all of you? All right, so you have a daughter.
• 3:48
  Suze: And you're gonna transfer it to her on your death.
• 3:51
  Suze: And here we are. Fine, that's great. You die, it
• 3:54
  Suze: goes to her. No probate. I don't have a problem
• 3:57
  Suze: with that. But what if you don't die? What if
• 4:00
  Suze: you become sick? What if the two of you own
• 4:03
  Suze: that house and join tenancy with right of survivorship, KT,
• 4:06
  Suze: and they need to both make money because they still
• 4:09
  Suze: have a mortgage on it or whatever. One of them
• 4:11
  Suze: is in a car accident, becomes incapacitated. They need to
• 4:16
  Suze: sell the
• 4:16
  Suze: house, can they? No, because it takes both of your
• 4:22
  Suze: signatures to sign when you sell something in joint tenancy
• 4:26
  Suze: with right of survivorship. Transfer on death doesn't do you
• 4:30
  Suze: any good whatsoever.
• 4:33
  Suze: It doesn't even help your daughter if one of you
• 4:36
  Suze: has died. OK, now the other one is there. They
• 4:39
  Suze: have a stroke, they have whatever, and she needs to
• 4:42
  Suze: take care of you. She needs to pay your bills
• 4:45
  Suze: for you, write your checks or whatever it is that
• 4:47
  Suze: people do anymore. Can she? No, cause a transfer on
• 4:50
  Suze: death doesn't help.
• 4:53
  Suze: Is that attorney crazy? I said, Listen, I don't have
• 4:57
  Suze: to be an attorney to know I can educate you
• 4:59
  Suze: on doing the right thing. So you want, in my opinion,
• 5:05
  Suze: a living revocable trust that has an incapacity clause like
• 5:10
  Suze: the one that you most likely have if you got
• 5:13
  Suze: it through the must-have docs, OK? Something happens to either
• 5:18
  Suze: one of you, you can both sign for each other.
• 5:21
  Suze: Do you get what I'm saying? KT's playing this thing like,
• 5:25
  Suze: calm calm down, calm down...
• 5:28
  KT: Calm it down. Just tell her what she needs to do.
• 5:31
  Suze: Yes, you need a living revocable trust with an incapacity
• 5:35
  Suze: clause in it just like you have. Just that simple.
• 5:40
  Suze: All right, you know,
• 5:41
  KT: Wait, I, I just one more comment. The lawyer that's
• 5:45
  KT: advising her said to April it could cost you less.
• 5:51
  KT: The must-have documents where you get four must-have documents are
• 5:56
  KT: under $100. Don't tell me that the lawyer's fee to
• 6:01
  KT: do that or to do that for her is gonna
• 6:03
  KT: be less anyway.
• 6:05
  Suze: But he's right, or she's right on some level that most
• 6:08
  Suze: trusts are $2,500 $3,000, $5000 so that he may or
• 6:13
  Suze: she may have been thinking that way, but regardless, you
• 6:17
  Suze: still did the right thing. All right, KT.
• 6:19
  KT: OK, my next question is the big question many of
• 6:22
  KT: you have: buying versus leasing. So this is, this is
• 6:28
  KT: from Nancy. She said, Suze.
• 6:29
  Suze: You know how I know that our next door neighbor
• 6:32
  Suze: who parks next to us downstairs leases.
• 6:35
  Suze: Because every three years he gets a brand new car
• 6:39
  Suze: like KT, our car that sits next to his car
• 6:42
  Suze: is like 15 years old, really anyway, go on.
• 6:46
  KT: OK, so Suze, Nancy said, I've always bought my cars.
• 6:51
  KT: Last one I had for 13 years.
• 6:54
  Suze: That's my girl Nancy. That's my girl.
• 6:57
  KT: So, so this is interesting, she said this time around
• 6:59
  KT: I'm questioning the best route to take. I can afford
• 7:03
  KT: to buy outright, but I'm 66 and single and starting
• 7:08
  KT: to hate driving, so I'm wanting the self-drive add-on. This
• 7:13
  KT: is interesting.
• 7:15
  KT: I'm afraid of those cars, but she said I want
• 7:17
  KT: this self-drive add-on which I've tested and love. That being said,
• 7:22
  KT: with technological advances, I will probably go into the next
• 7:27
  KT: big advances as they come, knowing this is an idiotic
• 7:32
  KT: financial way to go into the car buying. Which would
• 7:35
  KT: you recommend, Suse, for me, lease or buy?
• 7:39
  Suze: What do you think I would say?
• 7:42
  KT: I think that you're gonna tell her to, to lease
• 7:44
  KT: it and to do the auto drive.
• 7:46
  Suze: After all these years of me telling people they should
• 7:49
  Suze: never lease, they should only buy. You think right now
• 7:53
  Suze: I'm gonna tell her that?
• 7:54
  KT: I think that she wants to drive. She doesn't like
• 7:57
  KT: to drive anymore. She wants an auto drive. I
• 8:01
  KT: think you're gonna tell her to lease it.
• 8:04
  Suze: I want you to know, Nancy.
• 8:07
  Suze: You are the very first person
• 8:09
  KT: I know ding ding ding. KT's right.
• 8:11
  Suze: It's not about KT being right. KT. This is not
• 8:14
  Suze: about you, right? This is about you are the first person,
• 8:19
  Suze: in my entire career of at least 40 years that
• 8:24
  Suze: I have said in your particular situation, you should lease,
• 8:29
  Suze: 'cause I have a feeling that you're not driving over
• 8:32
  Suze: 12,000 miles a year, and you don't have to worry
• 8:35
  Suze: about it, just make sure that you get
• 8:37
  Suze: lease gap insurance. All right, KT, did I just shock you?
• 8:41
  KT: You did, but it didn't shock me because she, she
• 8:45
  KT: doesn't want to drive anymore and she needs a car
• 8:47
  KT: that's the auto drive. I'm afraid of those still.
• 8:50
  Suze: All right, so I won't even tell anybody. All right,
• 8:53
  Suze: go on, go on.
• 8:54
  KT: So, this is from Gia.
• 8:56
  KT: This is sad, Suze, she said, hello, Suze. My dad
• 9:00
  KT: recently died and my mom is living alone now. I
• 9:04
  KT: am 45 years old, single, no kids, and diligent about
• 9:09
  KT: saving for retirement. I don't have any debt. I have
• 9:13
  KT: 300,000 in retirement and stocks. She's only 45, Gia. So Suze,
• 9:19
  KT: she said.
• 9:20
  KT: Should I quit my great job and move back to
• 9:23
  KT: be with my mom in her time of need? Everyone
• 9:28
  KT: suggests that I should just visit her more, but that
• 9:31
  KT: really isn't much time together. I'm in the health care business.
• 9:35
  KT: There are other jobs, but I would lose my seniority
• 9:39
  KT: as well as the team support that I now have
• 9:42
  KT: at work. Thank you sincerely from aching heart.
• 9:47
  Suze: What would you tell her, KT?
• 9:48
  KT: Personally, I wouldn't, Gia. I'd do the opposite. I would
• 9:53
  KT: invite my mom to come live with me, have your
• 9:56
  KT: mom come and live with you.
• 9:58
  Suze: All right? So that's what KT would say.
• 10:00
  KT: What would you say?
• 10:01
  Suze: KT, I have to tell you, I wouldn't do that.
• 10:06
  Suze: I wouldn't invite Mama to come live with me, and Gia.
• 10:11
  Suze: I would not go and live with mama.
• 10:15
  Suze: Believe it or not, Mamma has to get used to
• 10:18
  Suze: the fact that she's now living by herself. She has
• 10:22
  Suze: to deal with her pain. She can't have it buffered.
• 10:26
  Suze: She has to because here's what happens, and I've been
• 10:29
  Suze: through this with so many clients. When I was seeing clients,
• 10:32
  Suze: I can't tell you. Daughter leaves their job, believe it
• 10:36
  Suze: or not, just like you want to, Gia moves in
• 10:38
  Suze: with Mommy.
• 10:40
  Suze: Mommy now is very used to daughter. Then all of
• 10:43
  Suze: a sudden daughter has to go back to work. Daughter
• 10:46
  Suze: has a life she has to live, and Mommy gets
• 10:48
  Suze: depressed again and goes back two or three months. So
• 10:53
  Suze: Mommy needs time. My mother needed time. She just needs time.
• 10:59
  Suze: So what I really would suggest for you, Gia, is
• 11:02
  Suze: ask where you work cause you have seniority. Can you
• 11:06
  Suze: have a sabbatical of just one month? Just a month.
• 11:10
  Suze: For one week every month for the next three or
• 11:14
  Suze: four months where you go back and visit mamma for
• 11:18
  Suze: short periods of time.
• 11:20
  Suze: And every time you go, make them shorter and shorter,
• 11:24
  Suze: but I would not be leaving what is your security,
• 11:28
  Suze: your seniority, thinking that you're helping mama, because what's my saying?
• 11:34
  Suze: Sometimes helping is hurting and sometimes hurting is helping. And again,
• 11:39
  Suze: I just wanna say I've learned from experience that the
• 11:44
  Suze: best thing to do is to do what I just said.
• 11:48
  Suze: All right, KT.
• 11:50
  Suze: I like that.
• 11:51
  Suze: Well, that's good.
• 11:53
  KT: But I thought it was sad she wrote aching heart.
• 11:56
  KT: I think she is maybe more...
• 11:59
  KT: Missing, you know, her daddy, then, she thinks her mama will.
• 12:04
  Suze: It's very, very difficult...
• 12:06
  KT: Suze, It's just adjusting to life.
• 12:08
  Suze: KT, the truth is, most of us, you, me, your sister,
• 12:12
  Suze: we've all had to adjust to life. Next question, KT.
• 12:16
  KT: This is from Gail. She said, hello. I just listened
• 12:19
  KT: to Suze's webinar through Hey House. While I don't have
• 12:23
  KT: much time to listen to podcasts, I would like to
• 12:26
  KT: ask a question.
• 12:29
  KT: This is a very, Gail is a very matter of
• 12:31
  KT: fact woman. She said, my husband passed away in September '23.
• 12:36
  KT: I am financially comfortable. We were very conservative with our
• 12:40
  KT: money and I have quite a bit of it.
• 12:43
  KT: I also have his pension and my Social Security, but
• 12:48
  KT: I'm now sending half of my income into federal and
• 12:52
  KT: state taxes four times a year. However, I'm not sure
• 12:58
  KT: how many ways I can reduce my tax bracket. My
• 13:01
  KT: financial adviser suggested donating, donating my money.
• 13:07
  KT: But having done that in the past, they just want
• 13:10
  KT: to keep contacting me, wanting more and more. And then
• 13:13
  KT: listen to this, Gail literally said, Suze, she said, I
• 13:18
  KT: like hoarding money.
• 13:21
  KT: Me too. I really do, don't I?
• 13:23
  KT: You like collecting it. I don't think you hoard it.
• 13:26
  KT: You like collecting.
• 13:27
  Suze: I do.
• 13:28
  KT: She likes collect. It's like a game for her.
• 13:30
  Suze: I like counting it.
• 13:31
  KT: OK, so then she's asking Suze, is there anything I
• 13:35
  KT: can do to risk my tax bracket other than just
• 13:39
  KT: give it away? Please let me know. I live in California.
• 13:44
  KT: That's what her question is.
• 13:45
  Suze: All right...
• 13:46
  KT: So first of all, tell her your thought on taxes.
• 13:50
  Suze: Do you know my thought on taxes?
• 13:52
  KT: We pay them. You pay your taxes, and that's it.
• 13:55
  Suze: And that's it, Gail. Listen, I don't think the math
• 13:59
  Suze: that you're telling me is correct.
• 14:01
  Suze: You don't pay half of your income, your current income,
• 14:06
  Suze: to taxes if it's estimated taxes, because that would put
• 14:11
  Suze: you in the 50% bracket of what you're actually making
• 14:15
  Suze: of your income, and that's not how it works. You
• 14:18
  Suze: have the ability
• 14:20
  Suze: to pay either like 100 or 110% of last year's
• 14:24
  Suze: taxes or 90% of what this year's taxes are going
• 14:29
  Suze: to be spread over for estimated payments, but I don't
• 14:35
  Suze: think it's 50% of your income number one. Maybe you
• 14:39
  Suze: want to get a new financial advisor or CPA, but next...
• 14:44
  Suze: When you give money away, you are giving 100% of
• 14:50
  Suze: the amount that you are giving away to maybe save
• 14:54
  Suze: you some tax money. Why are you going to like
• 14:59
  Suze: that any more? You've given more than you're going to save.
• 15:04
  Suze: So given that you said that you like to hoard money,
• 15:08
  Suze: that is not the way to hoard money. So here's
• 15:11
  Suze: the bottom line.
• 15:13
  Suze: What am I going to tell you to make sure
• 15:15
  Suze: that you're paying estimated tax payments that you should be
• 15:19
  Suze: paying and they should not be 50% of your income
• 15:22
  Suze: number one. Number two, I would not be giving money
• 15:26
  Suze: away when your goal is to hoard money. Just that simple.
• 15:31
  Suze: All right, KT.
• 15:33
  Suze: You know, it's true. Everybody thinks, oh, I'll make this
• 15:36
  Suze: charitable donation and I'll do this and I'll do that
• 15:39
  Suze: and look how much it saves me on taxes. Oh
• 15:42
  Suze: really anyway, go on.
• 15:44
  KT: OK, this is from...
• 15:45
  Suze: You know, wait, I have to say something. I have
• 15:46
  Suze: to say two things here. You give to a charity,
• 15:49
  Suze: not to save on taxes, really, that's just a byproduct.
• 15:54
  Suze: That's a byproduct of giving.
• 15:57
  Suze: You give because you want to help. That is your number one:
• 16:02
  Suze: people first, then money, then things. Also, I just want
• 16:05
  Suze: to say because she mentioned the webinar, the new one
• 16:11
  Suze: will be coming out, part two.
• 16:13
  Suze: And believe me, it's gonna be very, very different than
• 16:17
  Suze: the first one that you saw. It's going to be
• 16:20
  Suze: Fitzy and me, it may be us for the whole thing.
• 16:24
  Suze: It's gonna be hardcore financial information that you need to
• 16:29
  Suze: know what to buy, when to buy it, ETFs.
• 16:33
  Suze: Everything, so do not judge that the second one is gonna
• 16:37
  Suze: be like the first one. And if any of you
• 16:39
  Suze: are thinking about buying the must-have documents or maybe even
• 16:43
  Suze: you bought them during the very first webinar, make sure
• 16:47
  Suze: you tune in to the second webinar because I have
• 16:51
  Suze: a little gift for all of you.
• 16:53
  KT: Oh, don't tell them. Don't give it away.
• 16:55
  Suze: All right, go on. All right.
• 16:57
  KT: OK...
• 16:58
  Suze: So I'm not giving you the whole must-have documents just
• 17:01
  Suze: so you know. Also, if you haven't registered yet for
• 17:04
  Suze: the part two webinar, go to suzeorman.com and do so.
• 17:09
  Suze: All right, go on.
• 17:10
  KT: All right. Next question is from Andrea. She said, Hi, Suze.
• 17:15
  KT: I have revolving debt at $33,000. Most of this is
• 17:20
  KT: from legal fees from my divorce.
• 17:23
  KT: I also have $87,000 in a 401k and I have
• 17:29
  KT: two loans against it, more legal fees. I would like
• 17:33
  KT: to do a hardship withdrawal so I can pay off
• 17:36
  KT: the high interest debt. I've read that 401k shouldn't be touched,
• 17:42
  KT: but I've also read that when you have this type
• 17:44
  KT: of high interest debt,
• 17:46
  KT: you should focus on getting rid of that before worrying
• 17:50
  KT: about saving. I'm 50. I don't plan on retiring until 65. Susie,
• 17:57
  KT: please advise me.
• 18:00
  KT: Why are you looking at me like that?
• 18:02
  KT: What?
• 18:03
  Suze: I don't even know what to say.
• 18:05
  Suze: And I'll tell you, I don't know what's it, why
• 18:07
  Suze: I don't know what to say.
• 18:07
  KT: She's looking at me with this incredible... want me to
• 18:10
  KT: say something?
• 18:10
  Suze: No, no, let me just answer this. Listen, sweetheart, you've
• 18:14
  Suze: already gone through one catastrophic event known as a divorce
• 18:19
  Suze: that has got you into serious debt.
• 18:22
  Suze: OK, but it was debt for a good cause, cause
• 18:26
  Suze: most likely it gave you your life back. It gave
• 18:29
  Suze: you your freedom back, and in the long run it
• 18:32
  Suze: will absolutely give you your joy back. With $87,000 in
• 18:37
  Suze: your 401k. Do not, and I repeat, do not do
• 18:41
  Suze: a hardship withdrawal. Do not.
• 18:43
  Suze: Do another loan. Don't do it. Don't do it. Don't
• 18:46
  Suze: do it. It's a mistake. Leave it there. Just leave
• 18:50
  Suze: it there and never forget that money that's in a
• 18:53
  Suze: 401k is protected against bankruptcy. Same thing with IRAs, so
• 18:59
  Suze: don't do it if you have all this high interest debt.
• 19:04
  Suze: Then what you should do is go to NFCC.org and
• 19:10
  Suze: do a debt management program with them and only them
• 19:14
  Suze: where you pay it over time just that simple if
• 19:18
  Suze: in fact you still have a good
• 19:20
  Suze: credit score, FICO score, then call these companies and ask
• 19:25
  Suze: them to lower your interest rate so you're not stuck
• 19:29
  Suze: at high interest rate debt. If you qualify for a
• 19:32
  Suze: balance transfer card at 0%.
• 19:36
  Suze: Do that, but do not, do not do anything with
• 19:41
  Suze: your 401kKT.
• 19:43
  KT: Wait one more time. Tell her where to go one
• 19:45
  KT: more time.
• 19:46
  Suze: NFCC.org. Go!
• 19:53
  KT: OK, my next question is from Brooke. I love this.
• 19:56
  KT: I'll tell you what.
• 19:57
  Suze: Let me tell you why I looked at you like that way.
• 20:00
  KT: She looked at me with a look like KT.
• 20:03
  Suze: Well, where is she listening? Who is she listening to?
• 20:07
  Suze: This is my biggest problem today.
• 20:11
  Suze: You know, years ago, really, myself and a few of
• 20:15
  Suze: us were the only ones that you could listen to.
• 20:17
  Suze: Now you have all these people on TikTok, on Instagram,
• 20:22
  Suze: telling you do this, do that.
• 20:24
  Suze: I'm just like, please be careful out there please be careful.
• 20:29
  Suze: Make sure if you are taking financial advice it is
• 20:32
  Suze: from somebody that you know, knows.
• 20:35
  KT: No, no, everybody just take financial advice from Suze Orman.
• 20:40
  KT: You don't need to shop. End of story. My next question.
• 20:47
  Suze: There are other ones by the way.
• 20:47
  KT: My next question is from Brooke, and, and the reason
• 20:50
  KT: I selected this in the subject, she wrote, young investors
• 20:53
  KT: and Bitcoin.
• 20:56
  KT: And I love this. Hi, Suze and KT. I'm 30.
• 21:00
  KT: Should 10% of my portfolio be in Bitcoin? Makes me
• 21:05
  KT: nervous and I hear a lot of opinions on this,
• 21:09
  KT: but Suze, I only care about yours. So, and then
• 21:14
  KT: she writes, the other 90% is in S&P. Thank you, Brooke.
• 21:19
  Suze: So, Brooke, here's the thing, you would never do anything
• 21:22
  Suze: that you're scared of.
• 21:24
  Suze: If you listen to the webinar that I gave just
• 21:27
  Suze: a little bit ago, and parts of it will be repeated,
• 21:29
  Suze: by the way, not all of it, but parts on YouTube.com/
• 21:34
  Suze: Suze Orman, you would hear me tell you fear is
• 21:37
  Suze: the main internal obstacle to wealth. And if there was
• 21:41
  Suze: anything that is speculative and goes up and down and
• 21:44
  Suze: up and down, like it's down almost by 50%.
• 21:49
  Suze: From what it was just a little bit ago, really,
• 21:52
  Suze: and when something goes down 50%, it has to go
• 21:54
  Suze: up 100% for you just to break even. So if
• 21:58
  Suze: it makes you nervous, no, I wouldn't do it if
• 22:02
  Suze: especially 10%. That is a lot of money depending on
• 22:05
  Suze: how much you really have. But if you don't have
• 22:08
  Suze: at least at the age of 30, a 12 month
• 22:11
  Suze: emergency fund, if you aren't totally out of debt, if
• 22:14
  Suze: you are not fully funding your Roth retirement account at work.
• 22:18
  Suze: Your Roth IRA. You don't owe any money on your car.
• 22:22
  Suze: You have everything the way that it should be. If
• 22:24
  Suze: you want to buy a home, you have at least 20%
• 22:27
  Suze: as a down payment to buy a home and everything
• 22:29
  Suze: else I have told you about that. No, I would
• 22:31
  Suze: not be putting money into Bitcoin.
• 22:34
  KT: OK, this is pretty good, Suze. This is from Mary,
• 22:36
  KT: and it said, Dear Suze and KT, my 16-year-old daughter
• 22:40
  KT: is learning about investing at school and researching stock she
• 22:45
  KT: wants to invest in.
• 22:47
  KT: And obviously it's a simulation. So, she said, we talked
• 22:51
  KT: about which stock she was considering and why. I asked
• 22:55
  KT: her if she would ever invest in a company that
• 22:58
  KT: did things that did not align with her values, even
• 23:02
  KT: if that stock had huge potential for financial gain.
• 23:07
  KT: She said no but reconsidered when I asked if she
• 23:11
  KT: could earn money from a company that might be doing
• 23:15
  KT: questionable things but would exist with or without her investment
• 23:20
  KT: so then she could reinvest that earning in a company
• 23:24
  KT: she felt would do good in the world.
• 23:27
  KT: So interesting question here, Suze. What would you say to
• 23:30
  KT: a teen who wants to do the right thing with
• 23:33
  KT: her money?
• 23:34
  Suze: I already know what you would tell her. Tell her.
• 23:36
  KT: Do the right thing.
• 23:37
  Suze: Yeah, listen, everybody, money is very, very personal, and the
• 23:42
  Suze: time for your daughter to make mistakes with money.
• 23:47
  Suze: Hopefully more than she has successes with money, believe it
• 23:50
  Suze: or not, is when she's 16, because the biggest mistake
• 23:55
  Suze: happens when somebody who's young starts to invest, it goes
• 23:59
  Suze: up very quickly. It goes up even quicker. They don't
• 24:02
  Suze: think it ever goes down, and then they take all
• 24:05
  Suze: of it and they put it in something, and they
• 24:07
  Suze: lose it. Things that normally are the right thing.
• 24:11
  Suze: And she's talking about social investing, so to speak. Don't
• 24:16
  Suze: usually move as quickly as things that are a little
• 24:20
  Suze: speculative and that people can say that's not ethical. Don't
• 24:23
  Suze: do that. Don't do this. The most important thing I
• 24:27
  Suze: would want your daughter to do is to look at
• 24:31
  Suze: what she's investing in, why she's investing in it.
• 24:35
  Suze: And to feel really, really good about the fact that
• 24:38
  Suze: she invested in it, that is more important than that
• 24:43
  Suze: that stock makes money because what if she invests in
• 24:48
  Suze: something that she doesn't believe in and it doesn't go up,
• 24:51
  Suze: it goes down.
• 24:53
  Suze: Now you've done damage on both hands because why the
• 24:58
  Suze: money she had has gone down and now she has
• 25:01
  Suze: less money to give to another company that she would
• 25:03
  Suze: think would be good. I would say really stay out
• 25:07
  Suze: of it, stay out of it. I'm, I'm very serious.
• 25:11
  Suze: Let her make the decisions, KT right now on her
• 25:15
  Suze: own and as long as she feels good about it.
• 25:20
  Suze: Again, the goal of money is for you to be secure.
• 25:24
  Suze: Never invest in any stock that makes you feel insecure,
• 25:28
  Suze: where you disagree with it, and you're against it. Don't
• 25:32
  Suze: do it because why? You will sell at the wrong time,
• 25:35
  Suze: buy at the wrong time, it will never work. Have
• 25:38
  Suze: another one for me, KT?
• 25:39
  KT: I have one last question from Terry.
• 25:42
  KT: Terry said, Suze, can you please share the how-to video
• 25:47
  KT: on the enrollment for the ultimate scam protection? I experienced
• 25:52
  KT: a scam four years ago by a person impersonating a
• 25:57
  KT: help desk
• 25:57
  KT: assistant and Suze, you are right. I could not recover
• 26:02
  KT: the $350,000 that I lost. I remember your posting in
• 26:08
  KT: the Women and Money podcast, but I can't find it. Terry.
• 26:13
  KT: So this is really important. Everyone listen up.
• 26:17
  Suze: So Terry, if you go to suzeorman.com, you'll see right there,
• 26:22
  Suze: and you better register for the seminar while you're there,
• 26:24
  Suze: part two. So you'll see the Ultimate Scam Protection. Just,
• 26:28
  Suze: you know, move those little things that are around depending
• 26:31
  Suze: if you're on a phone or on a computer and
• 26:34
  Suze: scroll down and you will towards the end.
• 26:37
  Suze: You will see the video that you need very shortly.
• 26:42
  Suze: Nord Protect is going to put it right in the application.
• 26:47
  Suze: So after you have purchased and you have registered, it
• 26:50
  Suze: will be right there to help take you through it.
• 26:54
  Suze: Just that simple. Everybody, I just want to say you
• 26:58
  Suze: should all look at that Ultimate Scam Protection. Every day...
• 27:03
  Suze: Every day on the internet, on everywhere, you think you're
• 27:08
  Suze: buying something from somebody, it's not even that person. Impostor
• 27:11
  Suze: scams where you think you're dealing with somebody legit, you
• 27:15
  Suze: are not. Maybe next week, KT, you'll read that one
• 27:20
  Suze: story that somebody wrote in.
• 27:22
  KT: Oh yeah, people are sending me stories, and I have one
• 27:24
  KT: that is unbelievable...
• 27:26
  Suze: Tragic, everybody...
• 27:27
  KT: Tragic.
• 27:29
  Suze: The Ultimate Scam Protection program offers you up to $100,000
• 27:33
  Suze: of online scam protection.
• 27:37
  Suze: It also gives you a million dollars to help restore
• 27:40
  Suze: your identity, whatever it may be. Can you just check
• 27:43
  Suze: it out? You need scam protection more than anything today,
• 27:49
  Suze: and I wouldn't be saying that to you if I
• 27:51
  Suze: didn't believe it from the bottom of my heart. All right, KT.
• 27:56
  KT: That is a wrap, Suze.
• 27:58
  Suze: All right, now, obviously Sunday.
• 28:01
  Suze: Will be Suze School will still be here in the
• 28:05
  Suze: United States...
• 28:06
  KT: And on Sunday I'm gonna come on and say Sayonara.
• 28:10
  Suze: You are, are you are right. So until then, everybody,
• 28:15
  Suze: there's only one thing that we want you to remember,
• 28:18
  Suze: and it is what Ms. Travis?
• 28:19
  KT: People first, then money, then things, and you stay safe.