Latest / Suze Orman's Women & Money (And Everyone Smart Enough To Listen) / You Can't Be A Financial Wimp in 2026

Transcript

You Can't Be A Financial Wimp in 2026 · Suze Orman's Women & Money (And Everyone Smart Enough To Listen)

• 0:08
  KT: Hi everyone. Welcome to the Women and Money podcast, and everyone,
• 0:13
  KT: everyone smart enough to listen. This is,
• 0:16
  Suze: What's the date?
• 0:16
  KT: Wait, this is KT in the house.
• 0:18
  Suze: They know it's you.
• 0:19
  KT: There's a reason why I'm opening this. Today is July 19th... 2026.
• 0:26
  Suze: Did you get stumped there for a second?
• 0:27
  KT: I did, because I'm realizing how old I am. July 19th,
• 0:31
  KT: and in a few days it will be my 74th birthday.
• 0:35
  Suze: That's on July 21st. So what do you got?
• 0:38
  KT: I have something for all of you.
• 0:40
  KT: I have a gift for all of you. On today,
• 0:43
  KT: July 19th, Hay House will be offering as a special
• 0:48
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• 0:50
  Suze: I know she gets jealous when I do it.
• 0:52
  KT: Yeah, plus you, you're gonna save a dollar, everyone.
• 0:56
  Suze: Mine was at $75. All right, go on.
• 0:58
  KT: The must-have documents will be available for anyone that needs
• 1:03
  KT: them and doesn't have them from today, July 19th through
• 1:08
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• 1:16
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• 1:18
  KT: pay $153.
• 1:20
  KT: Suze's were 75.
• 1:23
  Suze: So wait, let me just step in here for one second.
• 1:26
  Suze: For those of you who don't know, the must-have documents
• 1:30
  Suze: are documents you must have. They are a will, a
• 1:34
  Suze: living revocable trust, an advanced directive, a durable power of
• 1:37
  Suze: attorney for healthcare, a financial power of attorney, and you
• 1:41
  Suze: can change them as often as you want.
• 1:44
  Suze: There's Suze Shareware, so what does that mean? Well, these
• 1:47
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• 1:50
  Suze: with any of your family members, anytime there is an update,
• 1:54
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  Suze: on again, $2,500 worth of state of the art documents,
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• 2:05
  Suze: So what that means everybody is to get this incredible
• 2:09
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• 2:19
  Suze: you don't put slash birthday, you aren't gonna get birthday pricing.
• 2:25
  Suze: All right, now, this is the Ask KT and Suze
• 2:28
  Suze: Anything edition. As you know, we are taking the summer off,
• 2:33
  Suze: so to speak, so on Thursdays, Robert will drop a
• 2:38
  Suze: best of Suze School or whatever he feels is appropriate.
• 2:42
  Suze: On Sundays we drop a new podcast. Sometimes it's Ask
• 2:47
  Suze: KT and Suze Anything. Sometimes, like last week, it was
• 2:51
  Suze: a serious Suze School. So it just depends on what's
• 2:55
  Suze: happening out there. What do you got for me, sweetheart?
• 2:57
  KT: So, based on what she just told you on the
• 2:59
  KT: community board, Roz sent in
• 3:02
  KT: a question after listening to last Sunday's Suze School, which
• 3:07
  KT: was a master class on the solo 401k versus the
• 3:12
  KT: SEP IRA.
• 3:13
  Suze: So did you listen to it?
• 3:15
  KT: I did. And Suze, all I can say to all
• 3:18
  KT: of you that haven't listened, listen up and listen, especially
• 3:23
  KT: to the part where it says two hats are better
• 3:25
  KT: than one.
• 3:26
  Suze: Oh, you liked that?
• 3:26
  KT: Yes, I did. I loved it.
• 3:29
  KT: And it pertained to me.
• 3:30
  Suze: All right, go on.
• 3:31
  KT: I was pretty much self-employed for a good part of my life.
• 3:34
  Suze: What is the question you have in front of you?
• 3:37
  KT: Ok, question from Roz. So where does the Roth IRA
• 3:40
  KT: fit in? Can both the SEP IRA and the solo
• 3:45
  KT: 401k people also contribute to their Roth IRA?
• 3:51
  Suze: Oh, so you picked this up from the Women and
• 3:52
  Suze: Money Community app. Well, that's good on you.
• 3:56
  Suze: Anyway, listen, everybody, there is an app called Women and Money.
• 4:00
  Suze: Go to Apple Apps or Google Play, and there's a
• 4:04
  Suze: community there that really helps one another out. I've stopped
• 4:07
  Suze: answering questions on that site, because there are imposters that
• 4:12
  Suze: pretend that they're me.
• 4:15
  Suze: So therefore, just know I'm not going to answer, and
• 4:18
  Suze: if I do, maybe it's a yes or a no,
• 4:21
  Suze: but I never invite you to go offline with me
• 4:25
  Suze: and answer questions. So be very, very careful. Also, I
• 4:29
  Suze: just have to say I never take individual appointments.
• 4:34
  Suze: I never do individual consultations where I invite that for you.
• 4:40
  Suze: Sometimes if you've just lost a spouse or something, we'll
• 4:44
  Suze: get together, but you'll know it's me when we do it.
• 4:47
  Suze: You don't have to doubt it.
• 4:49
  Suze: So, Roz, this one's very, very simple. Yes, you can
• 4:53
  Suze: have both. One has absolutely nothing to do with the other.
• 4:58
  Suze: You can have a SEP or a solo 401k, and yes,
• 5:02
  Suze: you can have a Roth IRA on top of it,
• 5:05
  Suze: just that simple. And it makes no difference if you
• 5:08
  Suze: have a Roth 401k at your employer, either. You can
• 5:13
  Suze: also have a Roth IRA. All right, go on.
• 5:17
  KT: OK, next question is from Anna. She said, I'm retired,
• 5:21
  KT: 57 years old. I have $2 million in a traditional
• 5:25
  KT: IRA that I'm converting to a Roth over 13 years,
• 5:31
  KT: staying in the 22 to 24% bracket. My advisor charges 0.60%.
• 5:38
  KT: Which is about $35,000 a year.
• 5:41
  Suze: Wait, wait, did I just hear that right? She has
• 5:44
  Suze: $2 million. She's paying $35,000 a year, and supposedly all
• 5:51
  Suze: he charges is 0.60%. Go on.
• 5:54
  KT: He manages individual equities.
• 5:57
  KT: Keep cash reserves and help her with tax planning on
• 6:02
  KT: the conversion. She said, I'm a low cost index fund believer,
• 6:06
  KT: and I'm wondering, Suze, at what point does it make
• 6:10
  KT: sense to move to self-management or a flat fee automated alternative?
• 6:17
  KT: And are platforms like Range a reasonable substitute for what
• 6:22
  KT: a traditional advisor provides? What's Range?
• 6:26
  Suze: I'll tell you about Range in a second, but here's
• 6:29
  Suze: the range that really concerns me: 0.60 on $2 million
• 6:35
  Suze: is not $35,000. $35,000 a year on $2 million, KT
• 6:43
  Suze: is a 1.75% advisory fee
• 6:49
  KT: Way too much.
• 6:49
  Suze: That is way, way too much. So something is radically
• 6:55
  Suze: wrong there, Anna. You have to go to him and
• 6:58
  Suze: you have to say, or her and say, why am
• 7:01
  Suze: I paying $35,000 a year just for you to manage
• 7:05
  Suze: individual equity and keep cash reserves and do some tax planning?
• 7:10
  Suze: That is ridiculous. That is ridiculous. That is ridiculous, OK.
• 7:15
  Suze: Now, next, all right, before I go on to my
• 7:18
  Suze: true thoughts here, right, is Range. What is Range? Range
• 7:23
  Suze: is this new company that started, I want to say
• 7:25
  Suze: maybe 5 or 6 years ago, KT, that rather than
• 7:29
  Suze: them charging you a percent of assets under management, like
• 7:32
  Suze: 0.60 or whatever it may be, they charge you a
• 7:37
  Suze: flat fee that has a range,
• 7:40
  Suze: depending on the services that you get from them, they
• 7:45
  Suze: can be simple to very complex, but their range goes from,
• 7:50
  Suze: I think, about maybe $4,000 a year to $12,500 a year,
• 7:55
  Suze: or even $20,000 a year, depending on what you want
• 7:58
  Suze: them to do. The catch is, though, you have to
• 8:02
  Suze: sign up for one full year, number one.
• 8:07
  Suze: Doesn't matter on whether they make money for you or
• 8:10
  Suze: they lose money for you. You still have to pay
• 8:12
  Suze: them that. Number two, I don't think you get your
• 8:16
  Suze: own individual advisor. It's done by a team of people. Also,
• 8:24
  Suze: the money isn't kept at Range. It's kept at a
• 8:27
  Suze: bit Altruist or whatever it may be. They're young, but
• 8:30
  Suze: here's what I don't like about it, truthfully.
• 8:34
  Suze: Which is this, there is no incentive really for them
• 8:39
  Suze: to make you more money. The reason that I'd like
• 8:42
  Suze: an investment advisory fee more if you want to use
• 8:46
  Suze: an advisor,
• 8:47
  Suze: is that they make more if you make more. So
• 8:52
  Suze: if they take your money from 2 million to 3 million,
• 8:57
  Suze: now they're making, let's just say 1% on 3 million
• 9:00
  Suze: versus 2. If they take your money from 2 million
• 9:04
  Suze: to 1 million, not only have you lost money on paper,
• 9:07
  Suze: but their fees have gone down as well. So it
• 9:11
  Suze: puts you on the same side of the fence, right?
• 9:15
  Suze: They do better when you do better. Just that simple.
• 9:19
  Suze: I don't see the incentive for range here except to
• 9:23
  Suze: have you keep coming back, but I don't think I
• 9:27
  Suze: would do it if I were you. I don't like
• 9:29
  Suze: that you have to pay number one up front and
• 9:32
  Suze: that you get a team.
• 9:34
  Suze: I really don't really love range bottom line. I don't
• 9:38
  Suze: know enough about them. I just don't think they're really
• 9:41
  Suze: what you need. You seem to be very simple in
• 9:46
  Suze: your needs. You have $2 million that's obviously already invested
• 9:51
  Suze: in a traditional IRA. You've already been converting it over
• 9:56
  Suze: the
• 9:56
  Suze: years to a Roth, you know how much per year
• 10:00
  Suze: you've been converting it, so you can either do that
• 10:03
  Suze: on your own or go back to your advisor that
• 10:07
  Suze: you have been working with and say something is wrong
• 10:10
  Suze: with the $35,000 that I'm paying.
• 10:13
  Suze: It is way, way too much, really, because 0.60% on
• 10:18
  Suze: $2 million is only about $12,000 a year, which is
• 10:25
  Suze: essentially what you would be paying at range for full
• 10:28
  Suze: services anyway.
• 10:30
  Suze: And you already know this advisor. Do you want to
• 10:34
  Suze: do it on your own? That is up to you.
• 10:38
  Suze: Before you do anything, Anna, I want you to go
• 10:41
  Suze: to the advisor that you have and really figure this out,
• 10:44
  Suze: because I think you have been seriously overcharged for a
• 10:48
  Suze: long time. Next question, KT.
• 10:51
  KT: Next question is from Kelly.
• 10:53
  KT: Hi Suze and KT. My old employer only offered a
• 10:57
  KT: traditional 401k. I now have $114,000 in that account. My
• 11:04
  KT: new employer offers a 401k Roth, which I will be
• 11:09
  KT: contributing to. My old employer plan only allows a complete
• 11:14
  KT: one-time all at once rollover to the new employer plan.
• 11:20
  KT: I know I will owe taxes on the conversion. I
• 11:24
  KT: do not want to pay taxes owed on the 114,000
• 11:28
  KT: all at once. Is there any other way to do this?
• 11:32
  Suze: Yea, simple. What you should be doing, you can do
• 11:35
  Suze: two things talk to your new employer. They obviously also
• 11:39
  Suze: have a traditional 401k.
• 11:42
  Suze: Roll it all at once to the traditional 401k, but
• 11:46
  Suze: make sure that they allow in plan conversions so that
• 11:50
  Suze: within your new employer's plan, you can convert little by
• 11:54
  Suze: little to the Roth 401k or better yet, if your
• 12:00
  Suze: income isn't really high and you know you're always gonna
• 12:03
  Suze: qualify for a contributory Roth, then you could roll it
• 12:07
  Suze: over into an IRA rollover.
• 12:11
  Suze: And little by little convert to a Roth IRA and
• 12:15
  Suze: by doing that you have far more investment choices that
• 12:19
  Suze: you can make. You can do treasuries, ETFs, individual stocks,
• 12:24
  Suze: all kinds of things in your employer's plan. You're only
• 12:27
  Suze: going to probably be able to do mutual
• 12:29
  Suze: funds and or the employer's stock if they have one.
• 12:33
  Suze: So yeah, you have two choices, not a big deal. Next, KT.
• 12:37
  KT: Suze, this is from Giovanna. I like this one a
• 12:40
  KT: lot because I think it's two Italian ladies. Hello. First
• 12:45
  KT: of all, thank you for your continued teachings. I am
• 12:48
  KT: a POA of a 96-year-old friend, Anna. Anna owns her...
• 12:55
  KT: so POA...
• 12:56
  Suze: Power of Attorney.
• 12:58
  KT: Anna owns her own house in which she lives alone.
• 13:01
  KT: She is very independent and strong-willed, good health overall, but
• 13:06
  KT: limited mobility.
• 13:08
  KT: Anna's financial situation: She owns her house outright. Her long-term
• 13:14
  KT: care insurance is about to end in a few months.
• 13:18
  KT: Anna has $58,000 in a bank. Her monthly expenses are
• 13:24
  KT: about $5,000 once the long-term care insurance ends.
• 13:30
  KT: Anna currently is starting to spend more than she earns.
• 13:34
  KT: Once her long-term care insurance runs out, she'll need to
• 13:38
  KT: spend even more. I'm thinking about increasing her income through
• 13:43
  KT: a reverse mortgage or in an equity loan. What are
• 13:47
  KT: your thoughts on each? Is, do you think, Suze, there's
• 13:50
  KT: another way to address this situation? And again, Giovanna says
• 13:54
  KT: thank you for your valuable recommendations. So sweet.
• 13:59
  Suze: Well, my dear Giovanna, it really depends.
• 14:05
  Suze: So your friend is 96 years of age, and Anna
• 14:11
  Suze: owns her home outright. I don't know how much it's worth,
• 14:14
  Suze: but here's the question. Is she always going to be
• 14:18
  Suze: able to remain in that home?
• 14:21
  Suze: Or is she, as she gets older, possibly going to
• 14:25
  Suze: need nursing care? She doesn't have long term care insurance anymore.
• 14:30
  Suze: Will she end up in a nursing home? Who's going
• 14:33
  Suze: to look after her? Who's going to take care of her?
• 14:36
  Suze: All of those things. And so you really need to
• 14:40
  Suze: make a decision now. Does it make sense for Anna
• 14:46
  Suze: to do truthfully because interest rates are relatively high right now.
• 14:50
  Suze: Does it make sense for her to do a reverse mortgage,
• 14:54
  Suze: take all the money out of the house little by little?
• 14:57
  Suze: Who knows how long she's going to live, and then
• 15:00
  Suze: all of a sudden she's no longer in the house.
• 15:03
  Suze: She's now in a nursing home. Will she need to
• 15:06
  Suze: sell the house? Will she not? Will she really net more,
• 15:10
  Suze: having done that?
• 15:11
  Suze: I think the real conversation is here, is she better
• 15:16
  Suze: off selling the house? You say she has limited mobility.
• 15:22
  Suze: Selling the house right now,
• 15:25
  Suze: taking that money and now she has it now she
• 15:29
  Suze: could always rent an apartment. She could go into an
• 15:32
  Suze: independent living facility like my mother did, and she loved it.
• 15:37
  Suze: She wasn't alone. She had people around her, and it
• 15:41
  Suze: was good and simply live off the interest.
• 15:45
  Suze: That the money from selling her home will probably generate
• 15:49
  Suze: for her to pay for all of that. And even
• 15:52
  Suze: if she goes into her principal little by little, I
• 15:56
  Suze: don't think she'll outlive it. But if she does a
• 16:01
  Suze: reverse mortgage, yes, she gets to stay in her home.
• 16:05
  Suze: The question is, can she.
• 16:08
  Suze: Does it make sense? And I don't think it makes
• 16:12
  Suze: financial sense, you know, KT, sometimes when we get older
• 16:16
  Suze: we latch on so strongly to our home. Like our
• 16:20
  Suze: home is our independence. Our home is what we love.
• 16:24
  Suze: We want to stay in our home, and I understand
• 16:27
  Suze: that feeling.
• 16:29
  Suze: But it's not always the wisest thing, and at 96, again,
• 16:35
  Suze: you have to think differently. If she falls, does somebody
• 16:39
  Suze: live with her?
• 16:41
  Suze: You say her expenses are going to increase. Is that
• 16:44
  Suze: because right now, her long-term care insurance provides an aid?
• 16:48
  Suze: I don't know enough.
• 16:51
  Suze: But in a situation like this, if I was forced
• 16:55
  Suze: to choose one or the other, I would choose a
• 16:58
  Suze: reverse mortgage because a home equity loan, your expenses are
• 17:02
  Suze: just going to go up and you're going to be
• 17:04
  Suze: paying the loan back with the money that you took out.
• 17:08
  Suze: But I really, really think the two of you should
• 17:11
  Suze: take a ride around and really look at places and
• 17:15
  Suze: just see what she thinks about it, all right, but
• 17:18
  Suze: you need to do it sooner than later. All right, KT.
• 17:22
  KT: And both of our moms lived in assisted living and
• 17:25
  KT: they loved it. They had friends. They had a community.
• 17:29
  Suze: Yes they did, but remember, KT, it's not something that
• 17:32
  Suze: they wanted to do right away.
• 17:35
  KT: Like once they did it, they really loved it
• 17:37
  Suze: They did, yes, and so you know it's hard everybody listen,
• 17:42
  Suze: I get it. I get when you get older you
• 17:45
  Suze: want the only thing that you've ever known.
• 17:48
  Suze: What you don't know is the unknown. Do you trip?
• 17:52
  Suze: Do you break your hip? Do you start forgetting things?
• 17:56
  Suze: Do you leave the stove on? Little things can happen.
• 18:00
  Suze: So even to be accepted in an independent living facility,
• 18:04
  Suze: you have to show
• 18:05
  Suze: that you're capable of living independently, otherwise they're not gonna
• 18:10
  Suze: want to do it. So, and there are many out
• 18:14
  Suze: there where you don't have to buy in. You can
• 18:16
  Suze: just rent like my mama did. All right, go on, KT.
• 18:20
  KT: OK, this is from Teresa.
• 18:23
  KT: Hi Suze, I'm trying to help my mom and dad
• 18:26
  KT: look over their finances. They are both retired, 64 and
• 18:30
  KT: 70 years old, living in California, and their only income
• 18:35
  KT: is Social Security, which is about $3,200 a month total
• 18:42
  KT: between the two of them. Not a lot.
• 18:45
  KT: She wants to move her Fidelity 401 money, $45,000 from
• 18:50
  KT: her previous employer somewhere, and I'm thinking she should roll
• 18:54
  KT: it over into a traditional IRA and then over the
• 18:59
  KT: next three to five years.
• 19:00
  KT: Roll it into a Roth IRA. Is that the right
• 19:04
  KT: thing to do?
• 19:05
  Suze: No.
• 19:06
  KT: Oh, OK. Tell Teresa O she signs it like Suze O.
• 19:11
  Suze: All right, Teresa O, here's the thing. There's no reason
• 19:15
  Suze: why your mom and dad, they have no income, therefore
• 19:19
  Suze: they don't pay any taxes even in the state of California.
• 19:23
  Suze: There is no advantage for them rolling it to a
• 19:26
  Suze: Roth when the truth of the matter is that there's
• 19:29
  Suze: only $45,000. You're going to have to start taking money
• 19:34
  Suze: out of it, and that's when you pay taxes on
• 19:37
  Suze: it little by little. So the truth is either leave
• 19:40
  Suze: it exactly where it is or roll it to an
• 19:43
  Suze: IRA rollover. Don't even bother converting it. It makes absolutely
• 19:49
  Suze: no sense whatsoever in their situation.
• 19:54
  Suze: However, they're only 64 and 70, my dear Teresa.
• 19:58
  Suze: They only have $45,000 in a retirement account. They're living
• 20:05
  Suze: on their Social Security, which jointly is $3,200 a month.
• 20:10
  Suze: When one of them dies?
• 20:13
  Suze: They lose one Social Security check. Now their income has
• 20:20
  Suze: gone down to probably about $1,600 a month or whatever
• 20:25
  Suze: the higher spouse's Social Security check was. Can you tell
• 20:30
  Suze: me how in the state of California or anywhere mamma
• 20:35
  Suze: or daddy,
• 20:37
  Suze: depending on who dies first, is able to survive on
• 20:40
  Suze: $1,600 a month. Oh, now we have to start taking
• 20:46
  Suze: out $2,000 or $3,000 from the $45,000 and really in
• 20:51
  Suze: one year that's gone. So all mommy and daddy have,
• 20:57
  Suze: especially if one of them dies, it will be approximately
• 21:01
  Suze: $1,600 a month after the $45,000 is gone.
• 21:06
  Suze: Your true job now when you say that you're looking
• 21:10
  Suze: over their finances is you need to figure out what
• 21:15
  Suze: are you going to do when that happens because usually
• 21:20
  Suze: what happens, Teresa is that that's when a child steps
• 21:24
  Suze: up and they pay for their mother. KT and I
• 21:28
  Suze: both paid for our mother's fully, everything for them. Luckily
• 21:32
  Suze: we had enough income to do so.
• 21:34
  Suze: I don't know your particular situation, but this is what
• 21:39
  Suze: my advice to you is here, not about what do
• 21:42
  Suze: you do with the $45,000 but do not convert it.
• 21:46
  Suze: Makes no sense. But the mere fact that you wanted
• 21:49
  Suze: to and you thought that was the right thing to
• 21:51
  Suze: do says to me that you also don't know what
• 21:55
  Suze: to do with your own money. Believe it or not.
• 21:58
  Suze: So, you need to look over your own money right now.
• 22:02
  Suze: Think about what are you going to do? Are you
• 22:05
  Suze: going to have to move one of them in with you?
• 22:08
  Suze: What are you going to have to do?
• 22:10
  Suze: But you need to make a plan right here, right now.
• 22:14
  Suze: I don't know if you're an only child or you
• 22:16
  Suze: have siblings, but you got to start looking over your
• 22:20
  Suze: own finances right now to figure out how you're going
• 22:23
  Suze: to be able to take care of mommy and daddy
• 22:26
  Suze: or just one of them after one of them have died.
• 22:30
  Suze: So sad, KT.
• 22:31
  KT: I know I'm saying, my goodness.
• 22:35
  Suze: First of all, the good thing about this situation is
• 22:38
  Suze: they have Teresa, right, and a family that helps one
• 22:43
  Suze: another in time of need is really the meaning of family.
• 22:47
  Suze: Obviously her parents were great. She's great and everything, but
• 22:52
  Suze: here's what I want to say to all of you.
• 22:54
  Suze: All right? It's very important that you don't wait 'till
• 22:58
  Suze: your parents are in their 60s or 70s for you
• 23:02
  Suze: to get involved with their finances.
• 23:05
  Suze: You know whether they've been responsible, whether they're saving, and
• 23:10
  Suze: for those of you who are older out there, you
• 23:12
  Suze: need to involve your kids right now. You need to
• 23:16
  Suze: make finances a family affair. Don't just say, oh, it's OK.
• 23:22
  Suze: I'll be OK. Just worry about yourself cause it never
• 23:25
  Suze: ends up that way.
• 23:27
  Suze: So kids, get involved with your parents' money right now
• 23:31
  Suze: and see, are they OK. See if you are going
• 23:34
  Suze: to have to help them. Make decisions now when you're younger, everybody,
• 23:40
  Suze: and if you're older and you know you're going to
• 23:42
  Suze: need help, involve your kids sooner than later. Just that simple.
• 23:48
  Suze: All right, KT.
• 23:50
  KT: OK, this is from Suzy. Hi Suze and KT. I
• 23:54
  KT: have a question about emergency and retirement funds in the
• 23:59
  KT: age of AI. I like this question because she's only 38.
• 24:04
  KT: She said, I'm 38, single, no dependents, and no debt.
• 24:10
  KT: I rent a small apartment instead of owning.
• 24:13
  KT: Even though I'm currently doing well financially, I am very
• 24:17
  KT: concerned about the impact AI will have on the job
• 24:21
  KT: market in the upcoming years. My current job security is shaky,
• 24:27
  KT: but I don't want to find a new one right
• 24:29
  KT: now for many reasons. Do you have any thoughts on
• 24:34
  KT: how to financially prepare for the fallout?
• 24:37
  KT: Thank you both for continuing to share your knowledge and
• 24:40
  KT: wisdom through the podcast and on the app. You're like
• 24:44
  KT: the two aunts, you're like the two aunts everyone needs
• 24:48
  KT: in their lives, always willing to speak the truth to
• 24:52
  KT: help others. Wishing you health and happiness. She sounds like Sophia.
• 24:57
  KT: Suze, Suze has her niece Sophia, and they speak often,
• 25:01
  KT: and they speak about money and finances, but we speak
• 25:04
  KT: the truth to each other, totally true, but Sophia listens
• 25:07
  KT: and wants, she wants that tough love sometimes.
• 25:11
  Suze: I hold the truth from all the other ones just
• 25:13
  Suze: so you know. Anyway, that's just what it is to
• 25:17
  Suze: be an auntie, I guess. Here's the bottom line here.
• 25:22
  Suze: Fear is the main internal obstacle to wealth, and for
• 25:27
  Suze: you to spend time right now being afraid of what
• 25:30
  Suze: the future brings keeps you from getting the most out
• 25:35
  Suze: of today. It renders you powerless. It probably prevents you
• 25:40
  Suze: from getting a promotion at work. You already say your
• 25:44
  Suze: current work is shaky.
• 25:46
  Suze: But you don't want to leave it. I feel fear
• 25:50
  Suze: throughout your entire email. You don't want to own a
• 25:53
  Suze: home cause it might be too much. You, you know,
• 25:56
  Suze: don't want to leave work right now, even though it's shaky,
• 25:59
  Suze: for reasons you didn't want to go in. Now you're
• 26:02
  Suze: fearing AI. Stop it.
• 26:05
  Suze: Stop worrying about the future and put 100% of your
• 26:10
  Suze: energy into what you can do right now to help
• 26:15
  Suze: yourself feel more powerful. The goal of money is for
• 26:18
  Suze: you to feel secure. Human beings will always be needed
• 26:23
  Suze: to do specific jobs. You're only 38. There'll be certain
• 26:28
  Suze: things that AI, in my opinion, is not going to
• 26:31
  Suze: be able to do.
• 26:32
  Suze: Hey, you wanna learn how to cut hair? You wanna
• 26:35
  Suze: maybe learn to be a boat captain, or a mechanic,
• 26:38
  Suze: or a contractor. There are many answers to AI.
• 26:43
  Suze: But you cannot turn your back on the battlefield. You
• 26:47
  Suze: have to stand in your truth that you have already
• 26:50
  Suze: at the age of 38, created a very significant financial pile,
• 26:55
  Suze: because I just saw all your numbers, and you should
• 26:57
  Suze: be so proud of yourself. It's not even funny. So
• 27:01
  Suze: little niece of mine listening to me right now, just
• 27:05
  Suze: stop it. Stop being
• 27:07
  Suze: a wimp and be the woman you were born to be.
• 27:11
  Suze: There is not an excuse out there big enough to
• 27:13
  Suze: keep you from succeeding. Do you hear me? Why are
• 27:17
  Suze: you laughing, KT?
• 27:18
  KT: I'm not. I'm just saying that's a great rap, Suze.
• 27:22
  KT: I love that.
• 27:23
  Suze: Right? And that's exactly how I talk to my niece, right? Yes,
• 27:27
  Suze: I do. I let them have it. Now. I didn't
• 27:30
  Suze: just let you have it.
• 27:32
  Suze: But it is with that energy, it is with that
• 27:35
  Suze: conviction that you have to live this life. You cannot
• 27:40
  Suze: be a wimp in 2026. You just cannot.
• 27:47
  KT: I love when Suze gets feisty like that, everybody.
• 27:51
  Suze: All right, she loves when I get feisty, period. However,
• 27:56
  Suze: just want to remind all of you, today, July 19th,
• 28:00
  Suze: all the way through midnight Pacific Coast time, July 21st,
• 28:06
  Suze: Hay House is offering the must-have documents in honor of
• 28:11
  Suze: KT's birthday, which is July 21st, and she's gonna be 74.
• 28:16
  Suze: They are offering it for you just for these few days.
• 28:20
  Suze: So those of you who listen to the Women and
• 28:22
  Suze: Money podcast early, you win if you need the must-have
• 28:26
  Suze: documents or want them for $74. If you were to look,
• 28:32
  Suze: you'll see normally they are now $153.
• 28:36
  Suze: Which is still a bargain, because once again, $2,500 worth
• 28:41
  Suze: of state of the art documents, good in all 50 states.
• 28:46
  Suze: You can share it with your loved ones, renew it
• 28:49
  Suze: whenever you want, when there's an upgrade, change it whenever
• 28:52
  Suze: you want, and I can go on and on, and again,
• 28:57
  Suze: They're called the must-have documents, a will, a living revocable trust,
• 29:02
  Suze: an advanced directive, a durable power of attorney for healthcare,
• 29:04
  Suze: and a financial power of attorney because you must have them,
• 29:09
  Suze: just that simple. So remember, go to musthavedocs.com/birthday.
• 29:15
  KT: So everyone, that's a wrap. I do want to wish
• 29:18
  KT: my twin sister a very, very happy day. I know
• 29:22
  KT: we're not together, and I will be thinking about you
• 29:26
  KT: as well. I love you, Lynn.
• 29:27
  Suze: All right, everybody, so until next Sunday, there's only one
• 29:31
  Suze: thing that we really want you to remember, and it
• 29:33
  Suze: is what KT?
• 29:34
  KT: People first, then money, then things.
• 29:37
  Suze: Now you stay safe in KT for everybody. Happy, happy birthday.