Latest / Suze Orman's Women & Money (And Everyone Smart Enough To Listen) / When Is a Decision Right For You?

Transcript

When Is a Decision Right For You? · Suze Orman's Women & Money (And Everyone Smart Enough To Listen)

• 0:08
  KT: Welcome everyone to the Women and Money podcast, and everyone
• 0:11
  KT: smart enough to listen.
• 0:13
  Suze: What's your name?
• 0:13
  KT: This is KT.
• 0:14
  Suze: This is Suze.
• 0:16
  KT: Listen to her voice.
• 0:17
  Suze: Do you recognize her voices everybody?
• 0:21
  KT: No.
• 0:21
  KT: OK, both of us have pretty froggy voices.
• 0:23
  Suze: First of all, it's October 25th, and today, before we
• 0:26
  Suze: even start, is Mike Axler's birthday. KT.
• 0:30
  KT: Oh, Mike, I wish I could bring you a big
• 0:33
  KT: key line pie.
• 0:34
  Suze: Mike is one of the greatest men God ever put
• 0:38
  Suze: on this earth.
• 0:39
  KT: We love him.
• 0:39
  Suze: We love him. So Mike, happy, happy birthday. All right.
• 0:44
  Suze: Because you gotta always put people first, KT. So today
• 0:48
  Suze: is the first day in two weeks that I've been
• 0:53
  Suze: able to talk. I haven't had a voice...
• 0:55
  KT: And she doesn't sound that great.
• 0:57
  Suze: I haven't had a voice at all for two weeks,
• 1:00
  Suze: and I'm like, KT, are we gonna be able to
• 1:03
  Suze: do a podcast? Am I gonna be able to do
• 1:05
  Suze: this webinar tomorrow or the next day that I'm supposed
• 1:08
  Suze: to do? It's like, oh my God, but we have
• 1:11
  Suze: a story that we want to tell you.
• 1:14
  Suze: And it's a story about a lesson that I have
• 1:18
  Suze: been teaching all of you now for so many years,
• 1:22
  Suze: which is people first, then money, then things, and do
• 1:28
  Suze: you all remember when I say people first.
• 1:32
  Suze: I always tell you that means you. Well, I was
• 1:36
  Suze: put to that test just a few weeks ago.
• 1:40
  KT: In Istanbul.
• 1:42
  Suze: Take it away, KT.
• 1:43
  KT: So Suze and I start this journey and we go
• 1:47
  KT: from LA to Istanbul, 15 hour flight. We get to
• 1:52
  KT: Istanbul basically to rest before she was to go on
• 1:56
  KT: to Kenya in Nairobi.
• 1:59
  KT: In order to meet and greet and speak to a
• 2:03
  KT: number of incredible women that she's been teaching for about
• 2:07
  KT: three years now.
• 2:08
  Suze: Now, wait, put a pin in that for a second.
• 2:10
  Suze: The whole purpose for this trip really was to celebrate
• 2:15
  Suze: the 20th anniversary of the Global Give Back Circle, which
• 2:20
  Suze: Linda Lockhart, again, the most extraordinary woman you'd ever want
• 2:24
  Suze: to meet, created 20 years ago.
• 2:29
  Suze: And she has been working to give back to everybody,
• 2:34
  Suze: especially in third world countries. Three years ago, Linda and
• 2:39
  Suze: I got together and we created something called the "Her
• 2:44
  Suze: Financial Freedom Program," and we started it in West Pocot, Kenya,
• 2:51
  Suze: with 700 women to teach them about financial freedom.
• 2:59
  Suze: And we've been doing this, we created a course for them,
• 3:03
  Suze: all of this, and it worked incredibly.
• 3:06
  Suze: So from there we decided, oh let's take it through Africa.
• 3:12
  Suze: So this event in Nairobi was for me to meet
• 3:18
  Suze: and speak to all the women in Kenya who have
• 3:23
  Suze: been the mentors to all these women throughout the country
• 3:29
  Suze: for the Global Give Back circle, and it was a
• 3:33
  Suze: big event.
• 3:34
  Suze: Because Suze Orman was coming to Kenya and all of
• 3:40
  Suze: a sudden their attendance skyrocketed. There was buzz everywhere. CNBC
• 3:47
  Suze: and everybody was to be there. It was a huge event.
• 3:52
  Suze: So KT and I thought, all right, let's get on
• 3:54
  Suze: the same time zone as Kenya because Istanbul happens to
• 3:59
  Suze: be the same time zone.
• 4:02
  Suze: So that's why we did that because when I arrived
• 4:05
  Suze: in Kenya, I would be hitting the ground running. All right, KT.
• 4:11
  KT: She hit a wall instead. We're in Istanbul. We had
• 4:17
  KT: the best three days of our life. We loved...
• 4:21
  Suze: And I, I discovered a donner.
• 4:25
  KT: A donner. Do you all know what a donner is?
• 4:28
  Suze: How can you hear them talk to you? This is
• 4:29
  Suze: a podcast.
• 4:30
  KT: I know, but I'm asking them a question. I didn't
• 4:33
  KT: actually know what a donner was. I, I knew what
• 4:36
  KT: it was, but I didn't know the name Donner. So
• 4:39
  KT: a donner is a delicious Turkish wrap made with a
• 4:43
  KT: very thin lavage bread toasted, and it's sliced with, I guess, a, um,
• 4:49
  KT: a spiced meat.
• 4:51
  KT: And they slice it and it's served with pickles and
• 4:54
  KT: lettuce and anyway, this wrap, this little donner is like
• 4:59
  KT: a snack people have street food. Suze loved it.
• 5:03
  Suze: My favorite meal there. But anyway, off topic anyway, go
• 5:07
  Suze: back KT.
• 5:08
  KT: So we're in Istanbul having the time of our life,
• 5:12
  KT: loving the harbor, the people, the food, the mezza, everything.
• 5:17
  KT: Suze has this scratchy throat coming on.
• 5:21
  KT: And we know that the next day we have to
• 5:23
  KT: leave to go to Kenya.
• 5:25
  Suze: So I'm thinking, OK, it'll get better. I'm taking the
• 5:28
  Suze: little herbs and things I always bring with...
• 5:30
  KT: Lots of honey.
• 5:31
  Suze: ...right, but all night long I'm coughing and I'm coughing
• 5:35
  Suze: and I'm coughing.
• 5:37
  Suze: And I wake up the next morning and I know
• 5:41
  Suze: I have to check in because we're leaving at 6:30
• 5:45
  Suze: that day for Kenya.
• 5:48
  Suze: And I know I can't disappoint them, and I am
• 5:53
  Suze: not feeling well at all. I've developed a fever, and
• 5:57
  Suze: I'm like, oh my God. So I say to KT KT,
• 6:01
  Suze: what do you think?
• 6:03
  KT: And I said, Suze, we've come this far you can
• 6:06
  KT: probably give it a shot maybe we just try. We've
• 6:10
  KT: got to give it a shot, Susie and she's getting
• 6:13
  KT: worse and worse.
• 6:14
  Suze: And of course all we're thinking about at that moment,
• 6:18
  Suze: oh my God, I can't disappoint them. In my entire career,
• 6:25
  Suze: I have never missed a talk except once, and that
• 6:29
  Suze: was because it was a snowstorm and nobody could even
• 6:32
  Suze: get to the venue that I was supposed to speak at.
• 6:36
  Suze: So why even go to it? That's the only time
• 6:41
  Suze: and I'm thinking, oh, Suze, in your past you've performed
• 6:45
  Suze: in South Africa with 103 fever to 12,000 people.
• 6:51
  KT: She's done the Suze Orman Show over and over again,
• 6:53
  KT: really sick.
• 6:54
  Suze: And I've done QVC one hour of live TV with
• 6:58
  Suze: horrible vertigo, and I'm like I can do this. I
• 7:02
  Suze: can do anything.
• 7:05
  Suze: And then the time is going on, and I go,
• 7:07
  Suze: all right, we're gonna do it. And I literally check
• 7:10
  Suze: in online and get our tickets. So now we're all
• 7:15
  Suze: ready to go, and it's 9:00 a.m. at this point
• 7:19
  Suze: in time.
• 7:21
  Suze: And all of a sudden I'm thinking to myself, people first,
• 7:26
  Suze: meaning you, Suze Orman, then money, then things.
• 7:32
  Suze: And I decided, Suze, you are 75 years of age.
• 7:38
  Suze: Doesn't matter what you used to be able to do.
• 7:42
  Suze: What matters is right now what is the smart thing
• 7:47
  Suze: for you to do for yourself.
• 7:51
  Suze: And I made the decision of I'm not going to go.
• 7:57
  Suze: I can't. It's not wise. I'm going to get sicker,
• 8:02
  Suze: and I'll probably make everybody else sicker as well.
• 8:05
  Suze: So I came up with this brilliant idea. That if
• 8:10
  Suze: we left in two hours from Istanbul and went to
• 8:17
  Suze: the airport for a 1 p.m. flight, we could make
• 8:21
  Suze: it back to Florida in time for me to zoom
• 8:26
  Suze: in at 6 a.m. the next morning. So I picked
• 8:31
  Suze: up the phone and I called Linda. That was the
• 8:34
  Suze: hardest phone call I ever had to make.
• 8:37
  Suze: And I said, Linda, I have to tell you, I
• 8:40
  Suze: can't do this. And Linda goes, I hear that. I
• 8:44
  Suze: see that. I can feel that.
• 8:46
  Suze: Therefore, Let's set up Zoom like you suggested, and we'll
• 8:51
  Suze: explain it to everybody.
• 8:53
  Suze: Go on now, KT.
• 8:55
  KT: OK, so we scramble, we pack, we, we do everything possible.
• 9:01
  KT: We're in traffic jams. We get out of Istanbul, head
• 9:05
  KT: to the airport, we make it back on the plane.
• 9:08
  KT: She takes a 10 hour flight coughing, and I hate
• 9:12
  KT: to say this, but she really was ill.
• 9:17
  Suze: Why do you hate to say it?
• 9:17
  KT: Because I'm sorry if we got people on the plane sick,
• 9:20
  KT: so that's why I felt bad. She was just beside
• 9:24
  KT: herself with a fever. We got her home, put her
• 9:28
  KT: to bed. She wakes up at 4 a.m. KT put
• 9:32
  KT: my makeup on. I said, What? She said, I have
• 9:35
  KT: to do this. I said, Suze, you can't even sit.
• 9:39
  KT: You're gonna faint.
• 9:40
  KT: Anyway, long story short, we got her makeup on, we
• 9:44
  KT: put the, the, the studio together, the lights on, cameras,
• 9:48
  KT: everything's ready. She does a test with Linda's team.
• 9:52
  KT: Sure enough, she sits there and for two hours gave
• 9:58
  KT: the most extraordinary, unbelievable, powerful, compelling, compassionate talk I think
• 10:07
  KT: I have ever heard in years.
• 10:10
  KT: And here's the thing, people, she didn't cough once, not once.
• 10:16
  KT: Now here's the clincher soon as it was over.
• 10:22
  KT: She opens the door, comes out of the studio, and
• 10:26
  KT: falls into this massive coughing attack and literally almost faints
• 10:31
  KT: in my arms.
• 10:34
  Suze: It wasn't that dramatic, KT.
• 10:34
  KT: We put we put her back to bed.
• 10:37
  KT: And sure enough, Linda said, Suze, I don't know how
• 10:40
  KT: you did this, and that's when, people, for the first
• 10:43
  KT: time I truly believed she was a vessel of God
• 10:48
  KT: because I don't know how she did two hours with
• 10:52
  KT: that kind of focus, concentration, and compassion.
• 10:56
  Suze: But here's the point, everybody, do you know how I
• 10:59
  Suze: always say everything happens for the best.
• 11:04
  Suze: Because we zoomed me in... I was actually more powerful
• 11:11
  Suze: because I was on these huge screens rather than just
• 11:15
  Suze: me on stage with all these people listening to me.
• 11:20
  Suze: The talk was even more powerful and do you know
• 11:25
  Suze: how I posted on the Women and Money Community app
• 11:28
  Suze: that I had gone from one standing ovation in LA
• 11:32
  Suze: to a standing ovation in Nairobi. If you look at
• 11:37
  Suze: that picture, you'll notice that you don't see me because
• 11:41
  Suze: I saw them standing for me.
• 11:45
  Suze: Right, and they were obviously facing the screen because I
• 11:50
  Suze: didn't want all of you at that point to know
• 11:52
  Suze: that I was sick. We were being protective of everybody,
• 11:56
  Suze: believe it or not, as to what happened to us.
• 11:59
  Suze: But here we are, and it was so powerful.
• 12:05
  Suze: After it was over, a few hours later, Linda wrote
• 12:09
  Suze: me and she said, there are no words. Everybody said, Suze,
• 12:13
  Suze: you were absolutely in that room with us, that they
• 12:19
  Suze: had never experienced anything like that in their lives.
• 12:25
  Suze: So we made the absolute best choice, not only for
• 12:29
  Suze: me and KT obviously, but for them as well. Next,
• 12:35
  Suze: we were supposed to go from Nairobi to Paris.
• 12:41
  Suze: The problem was if we had done that we would
• 12:45
  Suze: have been caught in all of the riots that are
• 12:48
  Suze: going on in France and that are still going on.
• 12:54
  Suze: So the decision that we made to put ourselves first
• 13:00
  Suze: because of our health, not because we didn't want to go,
• 13:03
  Suze: I wanted to go more than you have any idea.
• 13:07
  Suze: But because we did that.
• 13:11
  Suze: It turned out better for everybody in Nairobi. It turned
• 13:15
  Suze: out better for me and KT because we avoided all
• 13:19
  Suze: of the things going on in France.
• 13:23
  Suze: And then we came home and guess who I got sick?
• 13:27
  KT: KT. KT was actually in great shape until we got
• 13:32
  KT: back here to South Florida and I got really, really sick,
• 13:37
  KT: but we both were recovered. We're recovering.
• 13:40
  Suze: KT's doing far better than me.
• 13:41
  KT: I'm doing much better. Suze takes a little bit longer,
• 13:44
  KT: but we're both um on the mend. We have lots
• 13:47
  KT: of homemade chicken soup that I did and all kinds
• 13:51
  KT: of healthy things. It gave Suze an incredible amount of
• 13:54
  KT: time in her silence to be communicating and writing back
• 13:58
  KT: and forth with Linda, with the women, the reactions.
• 14:03
  KT: Um, she even wrote another course while she was recovering.
• 14:06
  Suze: For the women there.
• 14:07
  KT: So everything turned out even better than what we had expected,
• 14:14
  KT: but we put ourselves first, people first.
• 14:17
  Suze: Now the reason that we told you this story is
• 14:21
  Suze: that when you do what's right for yourself, when you
• 14:27
  Suze: do what's really right for yourself.
• 14:31
  Suze: Everybody else benefits from it when you do something that
• 14:36
  Suze: isn't right for yourself. Other people don't benefit. You may
• 14:42
  Suze: think that they will, but in the long run, I
• 14:45
  Suze: don't think that's true. That's part of the Suze school today.
• 14:52
  Suze: I just really wanna also talk to you a little
• 14:55
  Suze: bit about the markets because I know a lot of
• 14:58
  Suze: you are seriously freaked out as to oh my God
• 15:03
  Suze: they were horrible last week. AI crashed. It's going down
• 15:08
  Suze: and all of you are absolutely afraid again. Here's what
• 15:12
  Suze: I want to remind you. How many times have I
• 15:16
  Suze: told you that the market doesn't like inconsistency? It doesn't
• 15:22
  Suze: like not knowing what's going to happen.
• 15:25
  Suze: We have essentially one week left until the elections.
• 15:29
  Suze: Have you ever seen more inconsistency in your life? We're
• 15:34
  Suze: still going back and forth with Iran, Ukraine. All these
• 15:39
  Suze: things are still happening out there. Climate.
• 15:45
  Suze: I think climate is the biggest danger of all right
• 15:48
  Suze: now if you want to know the truth. It doesn't
• 15:52
  Suze: matter where you are, whether you're in Arizona, you get
• 15:55
  Suze: hit by a tornado that never comes to Arizona, South Carolina, Utah, everywhere,
• 16:03
  Suze: even here in Florida, we're being warned of be careful
• 16:07
  Suze: of the coastal flooding.
• 16:09
  Suze: We have all these inconsistencies. Now why am I telling
• 16:14
  Suze: you that?
• 16:16
  Suze: Maybe just slow down here. Let's see what's going to happen.
• 16:21
  Suze: Just let's see. You don't have to think, Oh, the
• 16:25
  Suze: markets went down. I have to dollar cost average. Now
• 16:28
  Suze: is the time. No, you don't always have to do something.
• 16:34
  Suze: Now, I get that it's your optimistic attitude that many
• 16:38
  Suze: of you want to feel like, oh, the market's gonna
• 16:41
  Suze: go up, up, up, and we're gonna be OK, and
• 16:44
  Suze: for some of you, it's your pessimistic attitude that the
• 16:47
  Suze: markets are gonna go down, down, down.
• 16:52
  Suze: You have to decide what's right for you. I personally
• 16:56
  Suze: am just holding to see what is going to go
• 17:01
  Suze: on with the elections. Is violence going to erupt? There's
• 17:05
  Suze: nothing wrong with just being patient. But here's one thing
• 17:10
  Suze: I just want to point out to you. Even though
• 17:14
  Suze: the Dow and everything was down for the week, do
• 17:17
  Suze: you know, that if you look at the market for
• 17:21
  Suze: this entire year, that the Dow Jones Industrial Average is
• 17:26
  Suze: still up approximately 9%.
• 17:29
  Suze: The Standard and Poor's 500 is still up more than 11%,
• 17:34
  Suze: and the NASDAQ, where all your tech stocks are, is
• 17:37
  Suze: up almost 12%, and the Russell 2000 for small stocks
• 17:43
  Suze: is up almost 12% as well. So if you looked
• 17:48
  Suze: at the past 20 days since KT and I were gone,
• 17:51
  Suze: you might think, oh my God, the market is doing terribly.
• 17:55
  Suze: But here's the thing, markets are not made in 20 days.
• 18:01
  Suze: They're not made in the past 10 months. Markets are
• 18:06
  Suze: made over 10 and 20 years, which is why I
• 18:11
  Suze: always say to you, you need at least 5 or
• 18:15
  Suze: 10 years till you need this money to be invested
• 18:20
  Suze: in the stock markets now things are obviously changing with
• 18:24
  Suze: these markets in my opinion.
• 18:26
  Suze: Next week I will do a Suze school just on
• 18:30
  Suze: the markets. However, for now, I just want you to
• 18:35
  Suze: be patient and let's just see what happens on November 3rd,
• 18:40
  Suze: what's happening with Iran, what's happening all over the place, all right?
• 18:44
  Suze: Now, inconsistency.
• 18:49
  KT: Many of you want a consistent return on your money.
• 18:55
  Suze: And many of you wrote in and asked KT and I, please, Suze,
• 19:02
  Suze: can you ask Alliant to extend the deadline of that
• 19:08
  Suze: one year certificate that's currently offering 4.45 APY for amounts
• 19:16
  Suze: under $75,000, minimum obviously is $1,000. Or 4.5 APY for
• 19:24
  Suze: $75,000 or above.
• 19:27
  Suze: Now if you look at the one year treasury, these
• 19:32
  Suze: rates are actually above right now a one year treasury, everybody.
• 19:39
  Suze: But this offer, because it was so great, was set
• 19:43
  Suze: to expire October 31st, and you were like, please can
• 19:48
  Suze: you ask them, will they extend it?
• 19:52
  Suze: And guess what?
• 19:54
  Suze: They said, All right, Suze, just for your people again,
• 19:58
  Suze: because this is only for the people who are listening
• 20:01
  Suze: to this, if you go to Alliant, just not going
• 20:05
  Suze: through MyAlliant.com, you just go to their normal website, you're
• 20:10
  Suze: not gonna see this offer.
• 20:12
  Suze: So you have to get this offer, by the way,
• 20:15
  Suze: by going to MyAlliant... A L L I A N T.com.
• 20:21
  Suze: Even if you are a current customer, you have to
• 20:25
  Suze: go through that portal or you're not gonna get that
• 20:29
  Suze: interest rate.
• 20:30
  KT: But, they did extend it for all of you, and
• 20:35
  KT: the new deadline now is November 30th, 2026 at 11:59 p.m.
• 20:44
  KT: Central Time.
• 20:46
  Suze: Because a lot of you were like, Suze, I have
• 20:48
  Suze: another certificate coming due like in a few weeks or whatever, please,
• 20:53
  Suze: and I want to take advantage of this. So it
• 20:56
  Suze: has been extended. Many of you have loved it. It
• 21:00
  Suze: has been received with incredible popularity.
• 21:04
  Suze: However, I want you to listen to me. You have
• 21:08
  Suze: got to tune in next week's podcast.
• 21:13
  Suze: Because a lot of you have also asked me for Suze,
• 21:18
  Suze: one year is great. What else can Alliant give us
• 21:23
  Suze: that maybe locks in our money a little bit more?
• 21:27
  Suze: Well, I went back to them again, and we have
• 21:31
  Suze: created something for you that I personally think you are
• 21:35
  Suze: going to love that I'm calling a TLC for you.
• 21:41
  Suze: All right, so you'll have to, you'll, you'll like this,
• 21:44
  Suze: I promise you.
• 21:46
  Suze: So make sure you listen next Sunday when I will
• 21:50
  Suze: be announcing it number one. Number two, it again, will only be
• 21:56
  Suze: available to those of you on this podcast, or for
• 22:01
  Suze: those of you who you tell about it.
• 22:05
  Suze: But it will not be available to any of Alliant's
• 22:08
  Suze: other customers who don't know about this podcast.
• 22:14
  KT: MyAlliant.com.
• 22:16
  Suze: How do you spell it, KT?
• 22:17
  KT: M Y A L L I A N T dot com. Myalliant.com.
• 22:25
  Suze: So again. You have now 'till November 30th, 2026 to
• 22:32
  Suze: take advantage of the one year certificate.
• 22:36
  Suze: And if you want to just wait until next Sunday
• 22:39
  Suze: and hear what else they will be offering you, I
• 22:43
  Suze: don't have a problem with that either. All right, KT...
• 22:47
  Suze: I did it.
• 22:49
  KT: Not too many coughs.
• 22:51
  Suze: No, but really tell them this first time you've heard
• 22:54
  Suze: my voice in two weeks...
• 22:55
  KT: Well, we've been sign language, typing, writing notes, everything, so that, well,
• 23:02
  KT: she didn't have a voice, nothing came out, no sound.
• 23:05
  Suze: And Fitzy and Norico, if you're listening to this, it's
• 23:09
  Suze: been so hard for you too, I know, because we
• 23:11
  Suze: usually talk every day, and all I'm doing is sending
• 23:14
  Suze: you little hearts, right? And Keith writes me back and
• 23:18
  Suze: he says, I miss our conversations, and I'm like, I'm talking, Keith,
• 23:23
  Suze: but I couldn't even tell him that because I wasn't
• 23:25
  Suze: allowed to talk on the phone, to do anything, and
• 23:29
  Suze: I think it paid off, right?
• 23:31
  KT: It did. I mean she sounds a little deep, a
• 23:33
  KT: little bit raspy, but it's coming back.
• 23:37
  Suze: There we go. All right, so until next Sunday, when
• 23:41
  Suze: we have a great, great offering for you.
• 23:44
  KT: A treat, no trick. A big treat.
• 23:46
  Suze: It's, I think I'm considering it a seriously a big treat.
• 23:51
  Suze: But until then, and I hope this podcast really brought
• 23:56
  Suze: home how we end every podcast, which is:
• 24:01
  KT: People first.
• 24:02
  Suze: That means you.
• 24:04
  KT: Then money, then things.
• 24:06
  Suze: Now you stay safe...
• 24:08
  KT: And healthy.
• 24:09
  Suze: Please. All right, bye bye.
• 24:11
  KT: Bye bye.