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Avoiding Financial Landmines · Suze Orman's Women & Money (And Everyone Smart Enough To Listen)

• 0:08
  Suze: April 19, 2026. Welcome everybody to the Women and Money podcast,
• 0:12
  Suze: as well as everybody smart enough to listen. Suze O
• 0:16
  Suze: here and today is Suze School, so you know the drill.
• 0:19
  Suze: Get out your Suze notebooks.
• 0:23
  Suze: Well, how are you all feeling? Are you feeling great?
• 0:28
  Suze: Doesn't it feel better when the market goes up rather
• 0:31
  Suze: than the market going down? Weren't you so happy on
• 0:34
  Suze: last Friday when the markets actually finished at their all-time highs,
• 0:40
  Suze: except for the Dow, it was just a little off,
• 0:42
  Suze: but essentially almost all of them, their all-time highs. How
• 0:48
  Suze: fabulous was that.
• 0:51
  Suze: However, oh, some of you aren't that happy, and why
• 0:55
  Suze: aren't you happy? Cause some of you did not listen
• 1:00
  Suze: to what I have been trying to tell you, what
• 1:03
  Suze: Fitzy has been trying to tell you, which is...
• 1:07
  Suze: Listen, as long as there is uncertainty out there, as
• 1:10
  Suze: long as there is confusion out there, as long as
• 1:14
  Suze: oil is going up, we don't know what's gonna happen
• 1:17
  Suze: here and there, the markets are gonna continue to go down.
• 1:22
  Suze: And then did we not say to you, but as
• 1:24
  Suze: soon as that clears up when oil goes from over
• 1:29
  Suze: 100 and something down to around 80 where it is
• 1:32
  Suze: right now, you are going to see these markets skyrocket.
• 1:36
  Suze: They're going to take off, and they did exactly that,
• 1:40
  Suze: but you couldn't wait for that. You watched as some
• 1:46
  Suze: of your stocks went from a lot of profit,
• 1:49
  Suze: to an OK amount of profit to not so much
• 1:53
  Suze: profit anymore to possibly breaking even to possibly at a loss,
• 1:59
  Suze: and you had to sell, you had to just get out.
• 2:04
  Suze: Which is why the title of this podcast is Avoiding
• 2:09
  Suze: Financial Landines. Now, I wanted to call it Avoiding Financial
• 2:15
  Suze: Land Minds, M I N D S, because it is
• 2:19
  Suze: your mind that gets you to lose money, because it
• 2:24
  Suze: is your mind that controls what you do, the actions
• 2:28
  Suze: that you take, have I not said that fear, shame,
• 2:31
  Suze: and anger are the three internal obstacles to wealth? You
• 2:35
  Suze: feel it in your gut. Your gut goes to your mind.
• 2:38
  Suze: Your mind tells you what to do and the actions
• 2:40
  Suze: to take, and then what do you do? You push
• 2:42
  Suze: some buttons or call your financial adviser and you sell
• 2:46
  Suze: versus buying more, and I know how hard it is
• 2:51
  Suze: to buy more. And by the way,
• 2:54
  Suze: the reason I didn't call it "minds" versus "mines" is
• 2:58
  Suze: KT told me not to, and I totally always respect
• 3:01
  Suze: whatever KT says, you know, I always think she's right. So,
• 3:06
  Suze: the way that you avoid financial landmines truthfully is through
• 3:10
  Suze: dollar cost averaging.
• 3:14
  Suze: When you go and you invest everything you have in
• 3:18
  Suze: a lump sum, or when you put money into, let's say,
• 3:23
  Suze: a Roth IRA and you maxed it out.
• 3:26
  Suze: And now, even though you could put another maximum contribution in,
• 3:32
  Suze: you do that, but you're afraid to go into the
• 3:36
  Suze: stocks and dollar cost average into the stocks, or ETFs
• 3:40
  Suze: that you have had, that have gone down, you just
• 3:43
  Suze: have frozen.
• 3:45
  Suze: And when you're frozen like that, you are doing what?
• 3:50
  Suze: You are blowing up your financial future. You are planting
• 3:55
  Suze: your own financial landmine, you really are everybody, and I
• 4:00
  Suze: see it all the time. I see it with some
• 4:03
  Suze: relatives I have, I see it with friends that I have,
• 4:06
  Suze: I see it with all kinds of people. I see
• 4:08
  Suze: it from your emails.
• 4:11
  Suze: And it feels so good for a little bit, so good,
• 4:15
  Suze: when the markets are going down and you sold, and
• 4:18
  Suze: you're like, oh good, I'm out, it's OK, I'm out.
• 4:21
  Suze: And it goes down a little more, and now you're
• 4:24
  Suze: feeling really proud, and it goes down even more, and
• 4:28
  Suze: you're going, see, I was really smart that I got out.
• 4:31
  Suze: And before you know it, four or five days later,
• 4:35
  Suze: it is above where it was when you sold out
• 4:39
  Suze: and continues to go up.
• 4:43
  Suze: You have to really get a grip on this one,
• 4:45
  Suze: and you can never let this grip go, 'cause I
• 4:49
  Suze: don't want you to make a mistake on the upside
• 4:51
  Suze: as well. So here we are.
• 4:54
  Suze: We're at the all-time highs. You've watched things go up
• 4:58
  Suze: and up and up, and you're like, I have to
• 5:00
  Suze: get in. All right. I got out and now I
• 5:03
  Suze: have to get back in. This is the time that
• 5:05
  Suze: you cannot get back in with a lump sum. You
• 5:09
  Suze: cannot cause even though it might continue to go back up,
• 5:14
  Suze: and I hope it does, chances are it will turn
• 5:18
  Suze: around and come back down again. I don't think it'll
• 5:21
  Suze: come back down as much as it did.
• 5:23
  Suze: But it very well could have a turnaround.
• 5:28
  Suze: So to avoid the financial landmine that I know a
• 5:31
  Suze: lot of you are gonna get into right now, which
• 5:34
  Suze: is taking everything you took out and put it back in.
• 5:38
  Suze: You have to vow to yourself that you are going
• 5:42
  Suze: to dollar cost average, and I know all of you
• 5:46
  Suze: say to me, how do I know when it's the
• 5:48
  Suze: right time to dollar cost average.
• 5:51
  Suze: And the answer to that question is, it's always the
• 5:55
  Suze: right time to dollar cost average, whether the stock has
• 5:59
  Suze: been going up, whether the stock is going down. Set
• 6:02
  Suze: a date, set a time that it just feels right
• 6:05
  Suze: for you once a month, once every three months, and
• 6:09
  Suze: just do it.
• 6:11
  Suze: But don't leave yourself in a position where you don't
• 6:17
  Suze: have the money to dollar cost average, and if by
• 6:21
  Suze: chance you are totally invested, you don't want to invest
• 6:26
  Suze: any more money, you're fine because you don't have the
• 6:29
  Suze: money to invest, you might wanna look at some of
• 6:33
  Suze: the stocks, write this down, some of the stocks in
• 6:37
  Suze: your portfolio
• 6:40
  Suze: that you don't have conviction about you think they've changed
• 6:44
  Suze: they really haven't ever performed. You've just been waiting for
• 6:48
  Suze: them while some of the stocks that you really love
• 6:52
  Suze: got obliterated. You only wished you had had more money
• 6:56
  Suze: to buy more, maybe, but you don't have any more money.
• 7:01
  Suze: Then look at other things that you own in your portfolio.
• 7:05
  Suze: You have to own more than just one stock.
• 7:09
  Suze: And maybe you decide, maybe I'll come out of this
• 7:13
  Suze: and go into that. Maybe if it's outside of a
• 7:16
  Suze: retirement account, all right, I'll sell this loser.
• 7:21
  Suze: That I really don't think is really gonna come back,
• 7:25
  Suze: and I'll put that money into either dollar cost averaging,
• 7:29
  Suze: or if it's a little amount of money into the
• 7:32
  Suze: stocks that I really do want to own for the
• 7:35
  Suze: next five years, 10 years, 20 years, or more.
• 7:41
  Suze: There's always something that you can do, but when you
• 7:45
  Suze: get caught up in a financial landmine, you blow up
• 7:48
  Suze: your plan. You get frozen, you get financially injured, and
• 7:53
  Suze: you do nothing and doing nothing when you can take
• 7:58
  Suze: advantage of decreases in markets, dramatic declines in markets, dramatic
• 8:05
  Suze: manipulative decline in some AI stocks, which I think they
• 8:10
  Suze: have been.
• 8:12
  Suze: When you get frozen and you don't take of that.
• 8:16
  Suze: I'm telling you, you will never build the wealth
• 8:20
  Suze: that you are meant to have, especially in the stock market.
• 8:25
  Suze: It takes a lot of courage to do that, but
• 8:30
  Suze: it doesn't take a lot of courage if besides courage,
• 8:33
  Suze: you have knowledge, you have faith in what you have
• 8:37
  Suze: invested in. You know why you bought it to begin with. Now,
• 8:42
  Suze: remember I told you that I owned one stock, and
• 8:45
  Suze: it was a lot. I own a lot of this stock.
• 8:49
  Suze: And even though I had a tremendous gain in it still,
• 8:54
  Suze: I had a tremendous loss on paper from its high.
• 8:57
  Suze: And I said, you know what, I'm happy with the
• 8:59
  Suze: number of shares I have. Remember this? I'm not buying
• 9:03
  Suze: any more. Then I watched it go down and down
• 9:08
  Suze: and down and down and down, and I said to myself,
• 9:12
  Suze: Suze Orman...
• 9:14
  Suze: If you aren't selling this stock here and you have
• 9:19
  Suze: the money, why aren't you buying more?
• 9:24
  Suze: And I said to myself, self, you're right. And guess what?
• 9:29
  Suze: I bought more, and I am now up on paper anyway, 15%
• 9:35
  Suze: in four days.
• 9:38
  Suze: And I want to own that stock.
• 9:41
  Suze: And I have the conviction that years from now it
• 9:43
  Suze: will be great.
• 9:46
  Suze: But you have to have that conviction. You can't let
• 9:51
  Suze: the news,
• 9:53
  Suze: many financial pundits, whatever, blow up your financial plan.
• 10:01
  Suze: So...
• 10:03
  Suze: How's that make you feel?
• 10:05
  Suze: Now just overall I have to tell you.
• 10:09
  Suze: I still really, really love the ETF SMH.
• 10:14
  Suze: And I tell you about that, that's its symbol, because
• 10:18
  Suze: if you don't have what it takes to own the
• 10:22
  Suze: individual semiconductors and stocks like that, 'cause the individual stocks
• 10:28
  Suze: scare you, fine.
• 10:31
  Suze: Just dollar cost average into the ETF, SMH just that simple.
• 10:40
  Suze: And that might solve your problems, cause sometimes ETFs don't
• 10:45
  Suze: get hurt quite as much as some really volatile stocks,
• 10:49
  Suze: even though the ETF might hold those exact same stocks.
• 10:54
  Suze: Just something for you to think about. Also, I'm gonna
• 10:59
  Suze: reiterate what I said to a lot of you, 'cause
• 11:03
  Suze: I know so many of you...
• 11:05
  Suze: I don't know why, but you put all your money
• 11:08
  Suze: into the Magnificent Sevens, the Palantirs, the IONQs, the Google,
• 11:14
  Suze: all of it all, no.
• 11:17
  Suze: Remember I told you a good strategy for you might
• 11:20
  Suze: be 50% of your money in a Standard and Poor's
• 11:25
  Suze: 500 index fund such as VO, VOO, or whatever everyone
• 11:30
  Suze: else that's out there.
• 11:32
  Suze: And the other part in individual stocks, do you remember
• 11:36
  Suze: that if you had done that over all, you wouldn't
• 11:40
  Suze: have watched your portfolio be obliterated you just wouldn't have.
• 11:46
  Suze: So just something for all of you to think about.
• 11:51
  Suze: The other thing I want all of you to think
• 11:53
  Suze: about is this.
• 11:55
  Suze: Have you all registered for the live webinar that I
• 11:59
  Suze: am giving on April 23rd at 6 p.m.? If not,
• 12:05
  Suze: You're gonna miss out. Go to Suze Orman.com and right
• 12:10
  Suze: there on my page, click. Just register for the webinar
• 12:15
  Suze: or just go to Suze Orman.com/webinar, register there. There are
• 12:20
  Suze: over 50,000 people who have registered now, and I want
• 12:27
  Suze: you to be one of them. Now, maybe you're gonna
• 12:31
  Suze: hear things that I've said on the podcast here.
• 12:35
  Suze: Maybe you're going to hear things that I've never said.
• 12:37
  Suze: I never know what I'm going to say like right now.
• 12:41
  Suze: I'm sitting in my little chair. I'm talking into my microphone.
• 12:45
  Suze: I have no idea what I was going to say.
• 12:47
  Suze: All I knew was I really like the title,
• 12:52
  Suze: How to Avoid Financial Landmines. That's all I knew. And
• 12:57
  Suze: here we are, 14 or 15 minutes or whatever already
• 13:01
  Suze: into this podcast.
• 13:04
  Suze: So join me there, but don't be your own financial landmine,
• 13:11
  Suze: all right? Please don't be.
• 13:14
  Suze: Don't be your own obstacle in the path to financial freedom.
• 13:20
  Suze: Just don't be.
• 13:22
  Suze: Just stay solid. Know, if you have time on your side,
• 13:27
  Suze: at least five years or longer, you should wish and
• 13:31
  Suze: hope seriously that these markets go down. So it gives
• 13:36
  Suze: you a chance to continue to dollar cost average in
• 13:40
  Suze: and accumulate more shares. And now here we are up
• 13:44
  Suze: again with many things, and it's like, oh, did you
• 13:47
  Suze: miss it? Probably.
• 13:49
  Suze: But when it goes down, just keep to plan, OK?
• 13:55
  Suze: Next, I wanna talk about the Ultimate Scam Protection. Now,
• 14:01
  Suze: I want everybody to be very, very clear about this, OK.
• 14:07
  Suze: A lot of you think that you are protected against
• 14:11
  Suze: scams because you have identity theft protection. All right, identity
• 14:18
  Suze: theft protection is not scam protection. A lot of you,
• 14:24
  Suze: when you looked at it and you saw it and
• 14:26
  Suze: you went, Oh, but Suze, I have $1 million of
• 14:31
  Suze: identity theft protection, and you're only offering $100,000.
• 14:37
  Suze: So fine...
• 14:38
  Suze: Since that's confusing you because it has nothing to do
• 14:43
  Suze: with really giving you your money back.
• 14:46
  Suze: All right, for everybody who already purchased the Ultimate Scam
• 14:51
  Suze: Protection or who will be purchasing it, you will see
• 14:55
  Suze: as of tomorrow or the next day, all the graphics
• 14:59
  Suze: will change, and we have increased the identity restoration protection
• 15:05
  Suze: to $1 million. So now you will feel like with
• 15:09
  Suze: the ultimate scam protection, you also have identity theft protection, OK.
• 15:16
  Suze: However, it's very important that you understand what scams you
• 15:23
  Suze: are protected against and what scams you are not protected against.
• 15:28
  Suze: And therefore I have included an entire list of what
• 15:33
  Suze: I'm about to tell you on the Women and Money
• 15:36
  Suze: Community app. I've also asked Nord Protect to put this
• 15:41
  Suze: list in exactly as I've written it,
• 15:44
  Suze: so that you can see it online as well under
• 15:48
  Suze: frequently asked questions, but we need to give them a
• 15:50
  Suze: few days to do it. So, here are the 19
• 15:55
  Suze: different kinds of scams that this program protects you against.
• 16:00
  Suze: Are you ready?
• 16:03
  Suze: Write these down, people. Tech support scams. So a scammer,
• 16:08
  Suze: for instance, pretends to be tech support, and they trick
• 16:11
  Suze: you into paying them for a fake service. OK, you're covered.
• 16:15
  Suze: Cryptocurrency scams, fake crypto investments that lead to scammers taking
• 16:22
  Suze: your money. Great. Romance scams, scammers that build fake relationships
• 16:29
  Suze: online to get money from their victims. Grandparent scams. Scammers
• 16:35
  Suze: impersonate a grandchild, asking elderly victims for an urgent payment.
• 16:40
  Suze: Email spoofing, fake emails that trick you into sharing your
• 16:45
  Suze: personal information. Job recruitment scams, fake job recruiters that ask
• 16:52
  Suze: for money up front for applications or checks. Phishing, smishing,
• 16:56
  Suze: or vishing scams. You receive fraudulent calls, texts, or emails
• 17:02
  Suze: designed to steal your info.
• 17:05
  Suze: Credit card fraud, stolen credit card info is used for unauthorized purchases.
• 17:11
  Suze: Marketplace fraud. You fall for a fake listing, but you
• 17:14
  Suze: don't get the item that you paid for. How many
• 17:17
  Suze: of you has that happened to? Online shopping scams. You
• 17:21
  Suze: buy from untrustworthy sites and never get your order. Fake
• 17:26
  Suze: money transfers, scammers send fake money like a payment that
• 17:31
  Suze: never clears and asks for a return transfer. Criminal deception.
• 17:37
  Suze: Scammers pretend to be authorities like the FBI claiming you
• 17:41
  Suze: have unpaid fines. Fake app scams, you know, these malicious
• 17:46
  Suze: apps that are disguised as real ones to steal data
• 17:49
  Suze: or infect your device. Overpayment scams. A scammer overpays with
• 17:55
  Suze: a fake check and
• 17:56
  Suze: asks for a refund before the check bounces. Online rental scams,
• 18:01
  Suze: scammers post fake listings and collect deposits for properties they
• 18:06
  Suze: don't own. Deep fake scams, AI generated videos or audio
• 18:13
  Suze: that impersonate people to steal money or info. QR scams,
• 18:19
  Suze: fraudulent QR codes
• 18:21
  Suze: direct you, victims, to phishing sites or install malware to
• 18:26
  Suze: steal sensitive information. Counterfeit currency or forged checks. Fake money
• 18:33
  Suze: or checks are used to pay for items. Unauthorized financial
• 18:37
  Suze: account access. Unauthorized charges that are made on your credit card.
• 18:42
  Suze: Now that is what is covered, everybody.
• 18:47
  Suze: Do you think your identity theft program covers any of that?
• 18:52
  Suze: We've thought of everything, OK, which is why I put
• 18:57
  Suze: the limit up to $100,000 because I've seen some of
• 19:03
  Suze: you fall prey to this for up to that amount
• 19:06
  Suze: of money. What is not covered, I'm trying to be
• 19:10
  Suze: very clear here with you, very honest with you, so
• 19:14
  Suze: you understand this product.
• 19:17
  Suze: Fraud between family members. For example, if a relative tricks
• 19:24
  Suze: you into sending money, I'm sorry, we cannot cover you.
• 19:29
  Suze: Number one, it didn't start online possibly, but family members,
• 19:34
  Suze: we can't do that. Next, business related fraud.
• 19:41
  Suze: Scams that are aimed at businesses like fake invoices or
• 19:45
  Suze: fake supplier details, we can't cover that, all right, but
• 19:50
  Suze: I don't think many of you will be subjected to that.
• 19:54
  Suze: Online auctions, lotteries, and gambling, we cannot cover scams from
• 20:01
  Suze: auction sites, lottery fraud, or gambling scams. And last but
• 20:07
  Suze: not least, investment scams we cannot cover.
• 20:11
  Suze: No Ponzi schemes or fake investments that promise big returns.
• 20:18
  Suze: So now you know what we cover, what we don't,
• 20:23
  Suze: and why I want you all to have the Ultimate
• 20:27
  Suze: Scam Protection. Again, to get it, you just have to
• 20:32
  Suze: go to my website, suzeorman.com, look for it there, and click.
• 20:39
  Suze: Now I've also posted everything I just said online on
• 20:45
  Suze: the Women and Money Community app and hopefully sooner than
• 20:49
  Suze: later they will be part of the frequently asked questions
• 20:53
  Suze: when you go to suzeorman.com and you look at everything
• 20:57
  Suze: that you get and I think you'll find that for
• 21:02
  Suze: $95.88 a year.
• 21:06
  Suze: It's absolutely worth it, but I just don't want you
• 21:11
  Suze: to think you're getting something that you're not.
• 21:15
  Suze: But I do want you to understand that if you
• 21:17
  Suze: already have identity theft protection, which many of you do have,
• 21:22
  Suze: I'm telling you that is not enough. It simply helps
• 21:27
  Suze: you restore your identity. The Ultimate Scam Protection also helps
• 21:32
  Suze: you restore your identity, gives you the same amount in
• 21:37
  Suze: terms of what they'll pay for lawyers and everything, but
• 21:41
  Suze: the Ultimate Scam Protection helps you what?
• 21:44
  Suze: To recover up to $100,000 of a covered scam that
• 21:51
  Suze: started online and I think you'll find that this is
• 21:55
  Suze: a program that you want next. I understand totally,
• 22:01
  Suze: that it's not very easy to do for some of you.
• 22:06
  Suze: Some of you, a few, quite a few of you
• 22:08
  Suze: haven't had any trouble. You go on, you apply, da
• 22:11
  Suze: da da, you're covered, OK. But many of you are
• 22:15
  Suze: being hung up with what's called multi-factor authentication, MFA.
• 22:21
  Suze: And we're trying to help you through that, but you
• 22:25
  Suze: give up. You give up so easy. So here, because
• 22:29
  Suze: you're giving up, what happens? You've set up
• 22:33
  Suze: a financial landmine for yourself, simply because you didn't wanna
• 22:37
  Suze: work through it. So therefore we have created a special
• 22:43
  Suze: help line just for Suze people. So you would write
• 22:48
  Suze: to ask at Nord, N-O-R-D protect.com.
• 22:55
  Suze: Now, everybody remember, Nord Protect is what is behind this,
• 23:00
  Suze: the engineers, everybody that's running this.
• 23:05
  Suze: So, that's why sometimes you will get an email from
• 23:08
  Suze: Nord Protect, that's answering your question, or Nord VPN. Fine.
• 23:15
  Suze: All right. Now, Nord has many, many products, I'm just
• 23:19
  Suze: telling you that. But I created this one with what
• 23:22
  Suze: I thought you really, really needed to protect yourselves, just
• 23:29
  Suze: that simple. So, $95.88.
• 23:34
  Suze: That breaks down to about $8 a month, but you
• 23:37
  Suze: can't pay it monthly. It's all in one lump sum.
• 23:42
  Suze: You try it for a little, hey, 30 day money
• 23:45
  Suze: back guarantee you can get your money back. You are
• 23:48
  Suze: asking me, hey, all my bank accounts are joint with
• 23:53
  Suze: my spouse. Why can't it just cover me and my spouse?
• 23:58
  Suze: Because remember this is not about your bank account per se.
• 24:04
  Suze: This is about you being scammed as an individual that
• 24:08
  Suze: started on your computer online. So, you normally have an
• 24:14
  Suze: email address, your spouse has their own email address, or
• 24:19
  Suze: maybe you have three email addresses, which you could put
• 24:22
  Suze: in all three under your one account.
• 24:25
  Suze: But if your spouse has different email addresses, then you,
• 24:31
  Suze: you each need to get your own. Now, we were
• 24:35
  Suze: thinking about maybe bringing out a family plan.
• 24:40
  Suze: But after going over how complicated that would be, for
• 24:45
  Suze: now we're sticking with individual plans. This is a very
• 24:51
  Suze: thorough product, which is why we ask you to authenticate
• 24:57
  Suze: yourself three times, because we wanna make sure
• 25:02
  Suze: that it is really you. So again, stick with me here.
• 25:08
  Suze: Go to suzeorman.com and you can get it there. I
• 25:12
  Suze: think starting tomorrow or the next day, the new page
• 25:15
  Suze: will be set up with everything so you know exactly
• 25:19
  Suze: what's included. You'll see the million dollar change. You'll see
• 25:24
  Suze: all of that. By the way, there's only one state
• 25:27
  Suze: that it's not available in yet, and that is New York.
• 25:33
  Suze: All right, everybody, what else do I want to tell you?
• 25:37
  Suze: I think that's about it, believe it or not. So,
• 25:40
  Suze: join me on the webinar, suzeorman.com, or suzeorman.com/webinar to register,
• 25:48
  Suze: and let's see what happens. But until Thursday, when Miss
• 25:51
  Suze: Travis joins us once again, there's only one thing that
• 25:55
  Suze: I want you to remember, and it's this people first,
• 25:59
  Suze: then money, then things. Now you stay safe.
• 26:03
  Suze: Bye-bye.