Suze School: Family Secrets Revealed
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Hi everybody, c zo here. Now, what is the goal of money? The goal of money is for you to be secure, and there is no Better way for you to be secure than having an emergency savings account. IT is essential for your financial foundation, so all of you should be participating in the ultimate opportunity savings account at alliant credit union. Go to my alliant that come find out more and be the cure.

Susie kt, are you ready for today's podcast?

Yeah, Robert, of course we're .

ready because we are on stop. yes. Yeah, baby.

up.

Eight.

two thousand and twenty four. Welcome everybody to the women and money, as well as everybody smart enough to listen. Today is supposedly always to the school, but instead today's going to be sister's school.

Yeah, what a family learns from one another when they grow up with susie ormen. So, K, T, take that away. OK.

So we have here in the studio, barbera travis race, my Youngest sister and the mother of travis and Sophia. And you've heard Susan, I talk forever about our nason nephew, travis and Sophia, who grew up with us, and we had many, many life lessons with them. But barber, the mommy s here, and we're going to have a little suzy school to answer the big question that I read over and over again on the email, which is, if only I had a suz orman, if only I knew susie twenty years ago, if only susie was in my life to help me with my money when I didn't know anything. So here we are.

And I always say, be careful what you wish for, maybe too. And so as easy as IT may seem to have me there, because I simply tell you what to do in everything. Barba, first of all, we love you so much.

Oh, I love you.

So are so happy here. here. It's out of the twenty sum years now, almost twenty four, twenty five years that we've been together. Love is something that every single person can give to a family member if they want to. But financially speaking.

right. And the the financial lessons, truly everybody started with the Sophia when he was three yeah playing with her little doll with a cash room. Yes.

ter in her bedroom.

in her bedroom. So as you think back on the twenty some ideas that we've been together, what is the hardest thing that you've had a face financially in your life because of me?

I think that you have to stand in your own truth yeah, when we have figure advice, you Better be ready to receive IT yeah that's sad. And the other thing too, as I say, if you follow your advice, IT works but you really have to be ready to receive IT and the other thing too is you're you know you're suzy orman but to my kids you're enough y and you when you met um travis and so few they were very, very Young. You treated them with respect as adults and you gave them life lessons right off the bat i'm not saying that they received IT.

but financial life lessons yes.

go and i'll tell you the very first one what and i'll tell you how IT translates with a little three year. Need verses want. Need verses want. And how that sometimes in the beginning with translators that, you know, IT was a repetition, repetition, repetition. And I remember so fear when he was in free school, said, mommy and daddy, I don't need ice cream, but I really want cream. Another one that Kathie mention, which is true, and then this is where you just think it's kind of funny with the kids, is that member when Sophia.

well, the penny, five, six.

no, no.

Young, so he swallow .

a penny.

SHE was so .

little wearing the kitchen, and SHE said, mommy, I swapped a penny and he said, can we call Anthony? He knows a lot about money. And so we said, okay, so we picked up the phone we caught. Then Anthony and kayo always answer to, by the way. And SHE told them the story about how SHE swelled a pending, which was, you were very, very cute about IT, but that's a classic yeah.

But what I said to Sophia, I said, so you do realized you d just wasted a penny. I wasn't freaked about. I said, don't worry, I will come out.

Everything will be okay but you just wasted up penny and he said something to the effect of but i'm suzy, it's just a penny. So yes, so like it's not a big deal to remember what I made you do. After that, you had to go and pay for everything in pennies.

So via they'd go to the store, they they pay everything in pennies. Barbed would have to count IT out. Finally, Sophia said, okay, I get IT OK. I get IT right.

Do you remember this one? This is a big one. This is a big one. Mom travis was five. He was either in he was in kindergarten and um daunt my husband was out of town. And so fear was they were really, really Young and I ordered pete.

I told suzy this and she's like I got to school so hard on this one, so I ordered a pizza and I didn't have any cash to pay. So I went into travis little safe that he has piggy bank, is piggy bank. IT was not like a little metal box.

And I I borrow money. Oh my god. I set set off sides with city, and we, I use that. I said, i'll pay you back. Well, I went back into travel room and he had taken .

rope and member that .

at five, and he was really good at time. And he roped .

his side, the box around the bed.

Yeah, I remember. And susie said, don't you don't ever do that because he would lose trust.

Did you ever pay him back, of course, but at least you paid .

him back as I love that travis absolutely took ownership of that money. IT was in money and I was in safe. And I remember seeing that leg on the bed tied with all this string and rope, like, not everywhere.

And he felt this is the only way to keep IT secure. Then there was another lesson after that, but ensues at one point that traps to keep your money really safe. So we need to bring IT to the ban, remember.

But he didn't want to.

No, we want to keep IT in.

Didn't understand that. So what's important about that lesson, everybody, is until a child is ready to relinquish their money and they understand handing IT over to a bank. Don't right.

But it's eventually he was ready and he understood that what I loved, mainly my favorite story about travis, was he was really into power rangers to remember that you, that was driving me crazy. Yeah, because power rangers were expensive back them. Yeah, right.

So eventually he got to the point where he wasn't playing with those power range. He got older. He got older.

They were just there. So I said, travels, go get me all of your power rangers. yeah. And I had cash.

And I think the power rangers, he had four of a more twenty five dollars a peace. So I said, I put out one hundred dollars on the table. I said, so travel.

Tell me now, would you rather have the power rangers that you have or the hundred dollars in cash? He said, oh, no. And enthusiasm, one hundred dollars. And I scooped up one hundred dollars and I said, well, that's too big because you have .

the power rangers between you and Cathy and just our families. We really talk. We learned to talk through things before we would go to a store.

For example, I member the restaurant when we went to the restaurant, and that was so funny. So was IT twenty? IT was fifty. IT was .

fifty a card?

okay? So everybody .

was allowed to make any cash with .

that to explain things. We are in fla. Every summer. Barbering don, who lived in california, and the kids would come to florida and spend a good portion of the summer, and especially in july with us. They lived with us to room.

condo.

And many lessons were learned in my life on every morning and every morning. That would be lessons with enthusiastic cafe in any event. Um susie had this idea.

No, no, alright. We wanted to take as a thank you. We wanted to take Cathy enthusiast to dinner.

And suzy, so remember the summer were with you. We always cook. We cooked, make .

nack.

Yeah I mean real treat do that. We wanted to thank you and take you out to dinner. And I mean, i'm being perfect.

You got so mad you were like, no, no, no, no. We're not going to do with this way. But then you come up with this idea is we're going to take fifty dollars and we're going to go to that restaurant.

I forget the name of IT at the end of the street, florida. jabs. Jabs was the funniest thing.

and we bought a gift card.

yeah. But remember, we're sitting around the table. This is so you, so patients, the same had we you know, none of us .

had any cash on us, just one .

car IT weight.

Listen, IT doesn't matter. Just one card for fifty dollars. So if we went over that amount, we could .

have paid for IT.

And there were six of us, and travis had to decide, was older, the math of IT, who's gona order what everybody had to decide so that we didn't go over fifty dollars. But that had to include the tip to go on.

He was probably like in second grade. So imagine a second greater during the month. So what that man is, we had to have a meeting, like a preproduction meeting. What are we gone to drink? So we remember, we all ordered water.

We ordered water right at the end. yes. what? We all eight? yes. We split very little.

Now, that was good.

That was a good one, right? But are right. So the kids now just how old travis is twenty .

seven and eight years twenty five.

So now let's fast forward to your and dance life, barbra as an adult living with and susie and you going through financial ups and financial downs, but as you got older and then you would come and visit, and the kids now are in there twice or whatever you and done, what's IT down with me and remember the day I gave .

you an f oh my god, right? Lets go back and explain. He give me an f and I was on the, I was on the plane, no double fifteen tusa roles. And I was like, I got an .

f i've .

never, you know OK. So barber received the lowest grade from enthusiast. The financial .

SHE physically gave me enough because .

barbera didn't know or have a clue about their family's finance. What they were .

doing with money when I was done would come. Instead.

every summer, we get together and done. And so they would be around the kitchen table, he, toward to the end of the trip, and he would say, well, you know, susie, you think we can sit down and go through a few numbers and and susie would advise, and barber, do you know this? You should say no.

And sh'd be in the kitchen cooking. SHE had no interest or no clue. And susie let her. So that was the first big susie smack down to barrow so now .

he gives me an f which is beyond devastating as it's like SHE susie orman but also it's like, oh my god, i'm never gonna en my sisters again. I got an f that's IT but then we were just talking about this is bring sues like I will always, I always love you .

and the kids would watch this and listen.

We never sheltered them for anything now. So but that's another lively, but your .

life changed now, not about the kids, but your life changed at that moment in time where you got involved with the money, you started to learn about the money. And we started to be very talking about what was true, what you could do, what you could do. And you had to make some tough decisions. But they were honest decisions, right?

There are honest decisions. But also, I think for you is that you push yourself, you push us to be in a way like more creative and also to be very realistic and keep life less, keep us on our toes. Yeah, the biggest .

life's lesson, susie, was that both barber and dawn had to be equally engaged and aware because of the what I ve in life. And what if something happened? And barbera, do you know anything? And the answer is always no.

Now it's yes. Tell them about the time your sances go easy.

Oh, this is no exaggeration, no exaggeration we live in the most the perfect house that I love my dream house c. Coates and um i'm sitting with using cat the instances coat at the dining room table and cathley said or susie said, pretending on the sues show my not with my sisters eating breakfast you like pretending on the suse urman show and I said, susie, should we sell our house and use. And I want you to go home right now and still put your house up for sale because the market.

and this was two thousand and six, two thousand seven, yes. And I knew the markets were gonna crash.

but we didn't right. I'd literally stood up, I I went home, I I literally that minute stood up with gotto plan, went home. We put our house up for sale.

So that one week later.

right? Well, I mean, I know one week.

two weeks.

whatever IT was, two weeks later, we sold IT and the profit was .

at the top of the market. They sold IT, right?

But you did some funny things you kind of like, I don't want to say stocked us, but helicopter does he would be like because maybe we were still we're going to they .

were on the fence about whether to do IT or knock.

I'll never forget you call us you said, what are you doing? What's that noise? I said, oh, we're on her way to home deepo.

And you're like, why? And I said, we're putting up offence in front of the house and he said, put the supplies down, go turn around and go home. Do not put one penny we said, okay, so we didn't do that.

Then another phone call in, know if you member this so what are you doing? I said, what we think we're going to spruce up the kitchen you'd like, no, don't do that. So we followed IT, and I think literally within two weeks we .

sold him at at a really great profit and money. yeah. And then here they are with two kids.

And what did you do? Do you remember this? Where did you move? Oh.

this was funny. We sold IT and we moved to a two bedroom apartment in l in l um we put the piano in travels, Better role, where the piano teacher to sit. The kids took piano lessons. They still in and sit in on the bed, which was also rock lime wall, which was also the garage.

And they stayed in this tiny two bad woman apartment until the kids were finished with that year with school.

Yeah, he and begged his mommy.

no, he can be. Because then the decision .

was move.

The decision was they were gonna take that money and move to denver yeah where if they could get more for their money and when just made sense because they weren't going to pay. California attaches in all these things. One travel heard that every day, but I don't know if, you know, I don't he called me every single night crime, please.

And suzy, I beg you, don't make us move to denver. I'm begging you and susie and I said, travis, I will be here every single night for you. You can call me every night and you can cry for hours to me, but I am telling you, you are moving and one day you're gono na. Thank me for this so you're just gonna a have to get that and until you get IT, you can cry. But you're moving boyfriend travis to me .

and he said he was so little and he said, mom, I have a pain in my heart that I ve never felt before. Oh my god, is a mother you like a .

and now travel life doesn't .

want to leave.

We will never leave. So if you had a sum up the lessons that you've learned because you were with and susie, that people listening to the podcast could get, because you don't have to have an enthusiast living with you and annual all the time. You just need to listen to the podcast, read the books, think about what i'm saying to you, you standing in your truth, being ethical, don't have shame.

Don't be afraid to tell people your broke. Live in the moment and be proud of everything. If you were to sum up the greatest lessons that you learned, not because i'm aint suzy, but because susie advice has been in your life, what would you say that .

was I would say to um have integrity, I would say to really, really, really be purposeful with what you're doing, your decision making. Um being scared is okay ah I mean that's part of IT ah and you should use is always taught us almost to celebrate that you know you have to celebrate all the parts. You have to be really happy with all the parts and grateful for that. It's easier said than done ah, but you have to do IT right? K, T.

what do you want to say? You've been quiet this time.

I know I love listening because I it's like yesterday that I know that the memories come back and the images and the experiences. It's like yesterday and IT makes .

me a most now .

they're both cried.

IT makes me a most that through time so many things have so this helps someone.

oh, amazing.

And I don't make me cry. Look at that. It's true.

Getting theory too. I wish sue that and susie would never end.

Thank you, right? But the main thing that I hope all of you really take away from this in my own way, I hope you consider me your own enthusiast. I hope you truly consider me. And all the love that i've given throughout this podcast, kt has given throughout this podcast that in my own way, in our own way, we are there for all of you. This is not just a financial podcast.

This is a podcast filled with love, with sharing, with desire, that all of you grow and can benefit from our knowledge and our experiences, and that you never, ever, ever forget that you mean just as much, especially to me, as barber, as kt does as Sophia, travis, down, lyn are other, stir all our relatives, tom, everybody. That you mean as much to nee and to kt, because you really are family. So with that, there is only one thing we might remember when IT comes to your money.

And at this, if you can be a family with your money, if you can be honest with your money, if you can walk towards your money rather than away from IT, if you can just simply know that every, every problem can be solved, and that there is always a way up. It's not always just down. And if you can do IT with strength and faith that everything happens for the best, we all promise you, you are unable.

They are. I don't. I'm so fired.

Hi, everybody here. Now, if you are looking for a way to start saving to get the most out of your money, I want you to go to my alien com. That's M Y A L L I A N T dot com, and look into opening an ultimate opportunity savings account, put in at least one hundred dollars a month every single month for twelve consecutive month, earn three point one nine percent interested in your money right now, and get one hundred dollars at the end.

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