Protecting Your Money During The Pandemic
Suze Orman's Women & Money (And Everyone Smart Enough To Listen)
Suze Orman Media
4.8 • 4.2K Ratings
🗓️ 15 March 2020
⏱️ 33 minutes
🧾️ Download transcript
Summary
In today’s episode, Suze reviews why, with the Coronavirus affecting people’s jobs, it’s so important to make sure you save your money, especially if you may find yourself out of work.
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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. The 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. |
| 0:42.1 | So, you are in here and you are listening to the Women in Money Podcast. |
| 0:54.9 | We can't give up and no matter what, we won't throw us at us. We will rise above the liver |
| 1:03.6 | life we love. If we just believe, if we're set us free, we will rise above the liver life we love. |
| 1:15.7 | March 15th, 2020. And what a week it was. Now before I talk to all of you about the economy |
| 1:28.9 | and the stock market and my thoughts about that, here's what I really want to say at this point in time. |
| 1:35.9 | This is so much greater than the stock market. It's not even funny. And I know all of you are |
| 1:42.9 | worried about the markets and they're going down and down up a little and down and then up. |
| 1:49.9 | And that's where all of you are focusing your attention right now. But I have to tell you, |
| 1:56.7 | I don't think that's where you should be focusing your attention. I think there are a lot |
| 2:01.6 | other things going on right now. Maybe for the first time in your lifetime that we really need |
| 2:10.7 | to address. First of all, this downward movement in the market was not caused by the economy. |
| 2:20.0 | The economy, unemployment and everything was really, really strong. What caused this to happen |
| 2:28.9 | was a health scare, not a financial scare. And there is a very big difference between the two. |
| 2:39.2 | And the reason that that's important for you to understand is that the true scare now that's |
| 2:46.3 | being brought about because of health situations that are going on out there with the virus. |
| 2:54.0 | We need to look at your own personal economy and how everything that's going on in the world right |
| 3:01.5 | now is going to affect you. Because again, it's bigger than your 401Ks, your stock portfolios going |
... |
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