Suze School: Protect Yourself from Rising Interest Rates

Suze Orman's Women & Money (And Everyone Smart Enough To Listen)

Suze Orman Media

Investing, Business

4.8 • 4.2K Ratings

🗓️ 27 March 2022

⏱️ 39 minutes

🔗️ Recording | iTunes | RSS

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Summary

For this Suze School, we get a lesson about prime versus discount rates affecting our money. Suze explores how inflation and the Fed’s rates will impact what types of loans we get and why it’s so important to cut expenses - even if you have a job.

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Transcript

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0:00.0	Hi everybody, Suzy Orman here and Katie and welcome to the Women in Money Podcast and everyone's
0:06.0	smart enough to listen. And both of us are so proud to have this podcast sponsored by a
0:12.5	Lyand Credit Union, the home of the ultimate opportunity savings account. This is where if you
0:19.4	simply go to myalliant.com and why a L L I A N T dot com open an account and deposit $100 a
0:31.1	month every month for 12 consecutive months. What's going to happen Katie? A lion is going to pay you a
0:36.9	bonus of $100. That is the place that both of us want you to save. So go to myalliant.com and do
0:46.2	what Katie? Look for Suzy and start saving now.
1:16.2	March 27th, 2000 and 22. So before I begin Suzy School today, I just want to send prayers
1:34.4	all the refugees everywhere in the world. And I really hope that none of us ever forget that
1:42.5	is bad as we may think we have it. No matter what the reason, just turn on the TV and be grateful
1:50.9	for the freedom that we have here in the United States of America. I just want to say that
1:58.2	because it's a really it is. It's a really big heartbreak to turn on the TV today, isn't it
2:04.8	everybody? All right. When it comes to money and finances, which is what the Women and Money
2:14.0	Podcast is all about. What makes me so sad is that so many of you are concentrating on that,
2:23.9	which really doesn't have to be affecting your life right now, such as the stock market. I'm
2:31.6	getting so many emails saying, Suzy, what should I do? Oh my God, when I write you back, you say to
2:38.9	me, I'm 30 years of age, I'm 40, I'm 50 and you are freaking out about the stock market now. Stop it.
2:48.2	Even if you are in retirement and you're writing me and going, but Suzy, the markets are going down,
2:54.8	I need this money. I need you to all remember what is the number one rule? The number one rule
3:06.4	of when you are investing in the stock market. And the number one rule is that you are not going
3:14.4	to touch that money for at least five years or longer. And if you are 25, 30, 35, 40, 50, even 55,
3:24.2	you have years since I want you all to be working till you're 70 if you can. You have years
	...

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