Ask Suze Anything: July 16, 2020
Suze Orman's Women & Money (And Everyone Smart Enough To Listen)
Suze Orman Media
4.8 • 4.2K Ratings
🗓️ 16 July 2020
⏱️ 34 minutes
🧾️ Download transcript
Summary
In this edition of Ask Suze Anything, Suze answers questions from Women & Money listeners Jessica, Mini, Joan, Gloria, Virginia, and Asuun.
They ask:
- Should I take money from my savings account to pay off my student loans? Also, what is the best investment I should make in a new car?
- I have a $30k lump sum, should I apply that to paying down my mortgage or invest it?
- Is it too late to refinance in this environment?
- What is the best way for me to pay off my credit cards?
- I have a $2,500 emergency fund, what should I invest in?
- Is it wise to refinance my condo?
Plus, we hear from listener Courtney who offers her perspective about people getting unemployment during the COVID-19 crisis.
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Transcript
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| 0:00.0 | Hey everybody, I want you all to take advantage of the incredible interest rates that a |
| 0:05.7 | Lyon Credit Union is currently offering 4.5% for a three month certificate, 4.75% for a six month |
| 0:15.2 | certificate. But best of all in my opinion is 5% for a one year certificate of deposit. |
| 0:24.4 | You can also purchase these in a retirement account. So go to my alliance, |
| 0:30.7 | www.alint.com.com. So you are not here and you are listening to the Women in Money Podcast. |
| 1:00.7 | July 16th, 2020, Susie O'Haren. Welcome to the Women in Money Podcast as well as the men smart enough to listen. |
| 1:26.4 | July 16th, you know what that date means? It means yesterday. Your taxes were due. And for me, I can remember years ago, |
| 1:37.4 | when, and this is really many, many years ago, when I owed taxes, but I never had the money to pay for them. |
| 1:46.3 | And I would hate April 15th. I would postpone it and I would postpone it and I would postpone it. And finally, |
| 1:57.2 | April 13th or 14th, I would go in and have my taxes done. Somehow miraculously, I scraped together the |
| 2:04.9 | money to pay my taxes. And then I felt so much better. Do you feel that way? Is that what happened to |
| 2:12.8 | you this year as well? Does that happen to you year after year? And then I started to realize, |
| 2:19.7 | Susie, what difference does it make if you just postpone the time from when your taxes are due, |
| 2:27.2 | meaning you didn't go in and do it in January or February or March. You waited until the last minute. |
| 2:33.6 | What difference does it make when you have to face that date every single year, no matter what? |
| 2:40.8 | And so that if you could just go and do it and get it over with, then it would free up your energy |
| 2:47.9 | and you would feel so much better. So rather than dreading that day, why don't you take that day on, |
| 2:54.8 | like a warrior? And guess what? I started to do that. And it really changed my life for me in that, |
| 3:06.3 | that I just felt more powerful. I felt like I didn't have to be afraid of this day. I'm going to |
| 3:11.2 | figure out this day and I'm going to go and I'm going to do my taxes. I don't know why I wanted to |
| 3:18.4 | tell you that story, but when you are afraid of something such as taxes, you've just got to do it. |
| 3:29.5 | So before I go on and answer your questions of Asusi anything, I just want to tell you two more |
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