Getting Real With Your Money During The COVID-19 Crisis
Suze Orman's Women & Money (And Everyone Smart Enough To Listen)
Suze Orman Media
4.8 • 4.2K Ratings
🗓️ 22 March 2020
⏱️ 38 minutes
🧾️ Download transcript
Summary
In today’s episode, Suze opens up with a heartfelt and frank conversation about what is really going on right now, in response to the COVID-19 crisis and the need to save every penny. Then, she takes us to Suze School with an important lesson about investing at this time.
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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 myalientaliant.com slash |
| 0:35.2 | ultimate and check it out now. |
| 0:38.5 | Susie Armin here and you are listening to the Women in Money podcast. |
| 1:08.9 | March 22nd, 2020. You know, it's been three weeks now since I posted the first podcast on March |
| 1:27.8 | 1st saying, all right, not so bad. Don't freak out. Just let's see what happens. And I just want |
| 1:35.2 | to say this to you that I honestly believed at that date. Honestly believed that the government |
| 1:44.4 | would step in and really be bold in its moves and not stand in denial that this virus was real. |
| 1:56.6 | And I thought for sure, of course, they're going to put away partisanship. They're going to |
| 2:03.2 | put away everything and all they're going to care about is that this is serious now. |
| 2:09.6 | It's serious and that they're going to take their example from what China did and they're going |
| 2:15.8 | to shut down the United States. I have to tell you from the bottom of my heart, I believed that. |
| 2:23.9 | And then that didn't happen. And I continued to hear denial after denial. At first, you know, |
| 2:32.5 | the message was, oh, it's only five people. It's not going to be bad. I'm like, no, what are you crazy? |
| 2:39.8 | And denial and denial. And guess what? I'm still hearing denial because if this really was something |
| 2:49.7 | that our government, in my opinion, was really putting your needs, your health needs, your life |
| 2:58.1 | in front of their economic perception as to how well they're handling this, they would have shut |
| 3:05.6 | down the entire United States. If they had simply done that, we would not be in the situation |
| 3:15.2 | that we are in today. And today's podcast, I'm not going to lie to you, is a very hard one for me. |
| 3:23.0 | It's hard for me because, you know, when things start to happen, it affects everybody as well as, |
... |
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