Ask KT & Suze Anything: How Do I Tell My Son That His Girlfriend is Sponging Off Him?

Summary

Summary of "Ask KT & Suze Anything: How Do I Tell My Son That His Girlfriend is Sponging Off Him?"

Podcast Title: Suze Orman's Women & Money (And Everyone Smart Enough To Listen)
Host/Author: Suze Orman Media
Release Date: July 10, 2025
Duration: Approximately 25 minutes

In this episode of Suze Orman's Women & Money, Suze Orman and her co-host KT engage in a candid and insightful discussion addressing listeners' financial dilemmas. The episode titled "Ask KT & Suze Anything: How Do I Tell My Son That His Girlfriend is Sponging Off Him?" delves into various personal finance issues, offering practical advice grounded in Suze's decades of experience. Below is a detailed summary of the key topics covered, enriched with notable quotes and timestamps for reference.

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1. Introduction and Welcome [01:24]

Suze Orman welcomes listeners to the Women in Money podcast, emphasizing the value of financial independence and the importance of making informed financial decisions.

2. Listener Questions Segment

The core of the episode revolves around answering listener-submitted questions. Suze and KT navigate through each query, providing thoughtful and actionable advice.

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3. Understanding the Relationship Between Oil Prices and the Stock Market [02:34]

Listener: Caitlin Clark
Timestamp: [02:01] - [04:33]

Question: Is there a relationship between oil and the stock market?

Discussion: Caitlin inquires about the perceived inverse relationship between oil prices and the stock market, questioning whether rising oil prices negatively impact stock market performance.

Suze's Insights:

• Suze clarifies that the relationship between oil prices and the stock market is not consistently inverse. She explains that both can rise simultaneously during periods of economic strength.

• Notable Quote:
  "Sometimes they rise together because a strong economy can increase the demand for oil, which in turn boosts corporate earnings and lifts stock prices." [03:53]

• She cites the example of 2006-2007 when both oil prices and the S&P 500 index were surging due to a roaring economy.

• Suze also acknowledges exceptions, such as in 2011 when geopolitical unrest led to rising oil prices and a temporary pullback in stock markets. However, she emphasizes that these instances are usually temporary and not indicative of a long-term inverse relationship.

Conclusion: Investors should understand that while there can be scenarios where oil prices and stock markets move inversely, it's not a reliable or consistent trend. Economic strength plays a pivotal role in influencing both sectors.

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4. Navigating Real Estate Decisions Post-Loss [04:34]

Listener: Anita
Timestamp: [04:33] - [10:00]

Question:
Anita, a 68-year-old widow with two children, seeks advice on whether to continue renting or purchasing a new home in California or Washington state, amidst fluctuating interest rates and housing prices.

Discussion: Anita shares her predicament of selling her previous home during a downturn, facing higher rents, and now contemplating purchasing a new property. She weighs options between buying a remodeled duplex in California for under $400,000 or a newer duplex in Washington state exceeding $550,000, considering factors like climate and community.

Suze's Insights:

• Emotional Processing: Suze emphasizes the importance of not dwelling on past financial mistakes, especially following the loss of a loved one. (“You cannot look at what you had. You have to look at what you have.”) [06:17]

• Renting vs. Buying: She advises assessing personal satisfaction with current renting arrangements. Renting offers flexibility and less responsibility for maintenance, which can be advantageous, especially at an older age.

• Comprehensive Evaluation: Suze urges Anita to consider broader factors beyond monthly payments, such as location suitability, community amenities, property maintenance, and potential hidden costs like insurance and taxes.

• Financial Prudence: She cautions against rushing into purchasing a home without thoroughly understanding the long-term financial implications. Suze suggests that in some cases, investing available funds might yield better financial returns than buying property.

Conclusion: Anita should prioritize her comfort and financial stability, carefully evaluating whether renting aligns with her current and future needs. Comprehensive consideration of all associated costs and personal preferences is crucial before making a real estate decision.

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5. Revising a Revocable Trust Without High Legal Fees [10:01]

Listener: KT
Timestamp: [10:00] - [10:37]

Question:
KT seeks advice on modifying an existing revocable trust without incurring the high costs quoted by her attorney.

Discussion: At 60 years old with a decade-old revocable trust, KT wants to update her trust but is deterred by her attorney’s $6,000 fee.

Suze's Insights:

• Affordable Alternatives: Suze recommends using online resources to create a new trust, citing that it can be done for approximately $99 through the Must Have Documents program.

• Actionable Steps: She directs listeners to visit musthavedocs.com to explore creating a new, updated trust without the hefty attorney fees.

Notable Quote:
"Yeah, I think $99 to buy it." [10:33]

Conclusion: Listeners can consider utilizing affordable online platforms like musthavedocs.com to manage essential legal documents, such as revocable trusts, thereby saving significant costs.

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6. Maximizing Health Savings Accounts (HSAs) [10:43]

Listener: Mandy
Timestamp: [10:43] - [11:20]

Question:
Mandy and her husband are maxing out their individual HSAs and seek advice on investing the funds to avoid minimal interest earnings.

Discussion: Mandy explains that both she and her husband are contributing the maximum to their family HSAs but are concerned about the low interest rates limiting the growth of their savings.

Suze's Insights:

• Investing HSA Funds: Suze strongly advocates for investing the funds within their HSAs to capitalize on potential growth rather than letting the money sit idle.

• Actionable Advice: She advises contacting their HSA provider to explore available investment options, which could range from mutual funds to other investment vehicles offered within the account.

Notable Quote:
"You should absolutely invest it." [11:04]

Conclusion: Investing HSA funds can significantly enhance their growth potential, making it a strategic move to maximize the benefits of their health savings accounts.

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7. Addressing a Son's Financial Dependence on His Girlfriend [11:20]

Listener: Michelle
Timestamp: [11:20] - [17:04]

Question:
Michelle, at 25 years old, seeks guidance on confronting her son about his girlfriend who is financially dependent on him and has accrued significant debt.

Discussion: Michelle narrates her situation where her son, a recent college graduate, allowed his girlfriend to live with him without paying consistent rent, resulting in over $4,000 in unpaid rent and depletion of his savings.

Suze's Insights:

• Firm Boundaries: Suze advises Michelle to take a decisive stance by demanding that both her son and his girlfriend vacate the premises within 30 days to recover the owed rent.

• Responsibility and Accountability: She underscores the importance of holding her son accountable for his financial decisions and emphasizing the consequences of his girlfriend's irresponsible behavior.

• Protecting the Son's Future: Suze warns of the long-term implications, including potential unplanned pregnancy and financial strain, urging Michelle to prioritize her son's well-being over the relationship dynamics.

Notable Quotes:
"You have to take responsibility that you are in a relationship with somebody who has been totally irresponsible." [15:00]
"Kick it out now or I'm telling you, your son is going to pay." [15:30]

Conclusion: Michelle should implement firm financial boundaries, ensuring her son recognizes the severity of the situation and taking necessary steps to halt further financial exploitation.

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8. Assisting with Childcare Expenses Without Enabling Dependency [17:05]

Listener: Lynn
Timestamp: [17:04] - [22:26]

Question:
Lynn faces a dilemma in supporting her daughter and daughter-in-law as they prepare for their first child, worrying that her financial assistance may foster dependence.

Discussion: Lynn's daughter and daughter-in-law are planning to take unpaid leave for childcare and nursing school, respectively. They have requested Lynn's help with childcare costs of approximately $1,500 monthly. While financially capable and previously generous, Lynn is conflicted about the potential implications of continued support.

Suze's Insights:

• Assessing Intentions: Suze probes into Lynn's feelings, interpreting her concerns as possibly stemming from witnessing ongoing financial irresponsibility from her children.

• Structured Financial Support: She recommends that Lynn treat her financial assistance as a loan rather than a gift, complete with a formal agreement outlining repayment terms and expectations.

• Encouraging Financial Independence: Suze emphasizes the necessity for Lynn to have a frank conversation with her children about their financial planning, ensuring they understand the importance of living within their means and the responsibilities that come with requesting help.

Notable Quotes:
"If you decide that you're going to help them with $1,500 a month, it needs to be a loan, not a gift." [22:32]
"They planned the child, but they did not plan to pay for the child." [21:03]

Conclusion: Lynn should establish clear financial boundaries and expectations, formalizing assistance through a loan agreement to promote accountability and prevent fostering dependency.

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9. Closing Remarks and Final Thoughts [24:13 - 25:22]

As the episode draws to a close, Suze and KT share light-hearted banter about an upcoming boat adventure before delivering final financial wisdom.

Final Advice:
"People first, then money, then things." [24:47]

Suze reiterates the importance of prioritizing personal relationships and well-being over financial pursuits, encouraging listeners to maintain a balanced approach to money management.

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10. Disclaimer [25:59]

The episode concludes with a standard disclaimer, emphasizing that Suze Orman Media and Suze Orman do not act as certified financial planners, accountants, or legal advisors. All content is for informational purposes and should not replace professional advice.

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Key Takeaways

• Economic Indicators: Understanding that oil prices and stock markets can both rise or fall simultaneously, largely influenced by the overarching strength of the economy.

• Real Estate Decisions: Emphasizing the importance of evaluating personal satisfaction and comprehensive costs over mere financial comparisons when making property investments.

• Legal Document Management: Highlighting affordable alternatives for updating essential legal documents like revocable trusts without incurring exorbitant legal fees.

• Maximizing HSA Benefits: Encouraging investment of Health Savings Account funds to enhance growth potential and financial security.

• Setting Financial Boundaries: Advocating for firm and clear financial boundaries to prevent enabling dependency and promoting accountability among family members.

• Balanced Financial Support: Recommending structured and formalized support mechanisms when assisting family members financially to ensure sustainability and responsibility.

---

This episode effectively addresses a range of financial challenges faced by listeners, offering Suze Orman's trademark blend of empathy, practicality, and straightforward advice. Whether navigating economic indicators, personal investments, or complex family dynamics, Suze provides valuable insights tailored to empower individuals in their financial journeys.

Transcript

[KT]

Hey everyone, it's KT here and I'm reminding you to take advantage of the most amazing offer from alion. It's the 4.30 APY certificate that you.

[Suze Orman]

Can open now, right now, good for 12 months.

[KT]

And it's going to give you some financial independence you would never get anywhere else.

[Suze Orman]

Go for it now. All you have to do is go to myalliant.com that's M Y A L L I A N T.com I online. You can sign up for it right then and there. And again, 4.30 for a 12 month certificate. That's APY annual percentage yield and if you put amounts of 75,000 or more in, it is 4.35 APY. Go on, do it. Because I don't know when this will no longer be available. Come on, don't miss it.

[Unknown]

We are strong, we are wise we will not apologize we are here, we will thrive Together we will rise we're the little bit of faith and everything it takes we are strong, we are wise Together we will rise.

[Suze Orman]

July 10, 2025 welcome everybody to the Women in Money podcast and everyone smart enough to listen. Are you taking advantage of the alliant credit union 12 month CD offer? You should go to myalliant.com and 12 month 1 year CD is at 4.3 APY and it's only for Susie listeners so special just for you. So you best take advantage of it. All right, kg.

[KT]

All right. My first question is from Caitlin. Hi, Susie.

[Suze Orman]

Like Caitlin Clark.

[KT]

Oh, Susie loves Caitlin Clark. Everyone loves Caitlin Clark. She changed the whole face of women's basketball, didn't she?

[Suze Orman]

I love women's basketball.

[KT]

I never liked it until she came on board because I found it to be slow and boring compared to Matt.

[Suze Orman]

Everybody should be very grateful.

[KT]

She is very grateful to her and.

[Suze Orman]

All the people that keep pushing her and knocking her down. You don't want her out of the game. You don't want that anymore.

[KT]

Don't hurt our girl.

[Suze Orman]

Don't do that.

[KT]

Okay, so from Caitlin. Hi, Susie. Is there a relationship between oil and the stock market?

[Suze Orman]

It depends, kt. Sometimes people think there's like this inverse relationship between the stock market and oil. So they kind of think that when oil prices go up, then the stock market goes down and vice versa. And that logic is just very simple, but it isn't true. They think higher oil equals higher cost for companies, which means lower profits and da, da. But history doesn't back that up on any level. Sometimes they rise together because a strong Economy. KT can also, like, increase the demand for oil, so for shipping, travel, manufacturing, all those things. And a strong economy can also boost corporate earnings, lifting stock prices up. So like in 2006 and 2007, you're going to yell at me for going on too long about this simple question, but oil prices, do you remember this? They rose so sharply. And The S&P 500 index was also just totally skyrocketing. It was skyrocketing. Why? Because the economy was roaring. So they both were doing well.

[KT]

Is that when the price of gas was like over the chart?

[Suze Orman]

Remember that?

[KT]

Four or five dollars.

[Suze Orman]

Right. But sometimes KT, they go in opposite directions. In 2011, do you remember when all this unrest was in the Middle east and it pushed up oil so much and then stocks pulled back temporarily, but it was always just temporarily. So here's the bottom line. That was a very long answer to no. Oil and stocks aren't consistently inverse or together. It all depends on what's going on. All right. Just that simple.

[KT]

Okay, next question is from Anita. And I think that many people listening may find themselves in this dilemma. She said, hello, Susie orman. I am 68. I lost my partner after he retired and passed four years. I made so many financial mistakes trying to do the right thing, maybe the old fashioned way. In 2022, I was told the interest rate was increasing, the housing prices would decrease and I would be in trouble. So I sold and entered the worst time to rent before trying to buy again. So now let me give everyone a little backstory here. Anita has two children. One is in Californ, one is in Washington state. And she's weighing in that if she was to buy a home in California, for instance, she said she can put 20% down on a half plex that needs to be remodeled in a nice lakeside community, a little remote for under 400. All right, ready? Or I can buy a newer one that is a tight duplex for over 400 in Washington state where prices are increasing and most homes are over 550. She said, and it rains a lot there. So she said. Any thoughts? Should I continue to rent and continue to wait until the economy changes or do something? So she's renting and paying in rent more than what her mortgage payment was on a house she sold. Yes, but kind of kicking herself.

[Suze Orman]

But you can't kick yourself. You know, there's a law of money, which is you cannot look at what you had. You have to look at what you have comparing to something that was years ago versus now just Makes no sense because everything has gone up so much in value. Here's the thing. You know, you lost your partner four years ago and sometimes, and that's why I always say to everybody that you are to do nothing other than, than to stay safe and sound for at least six months to one year, preferably two years after you have suffered the loss of a loved one. Because when you do make a move, it's a move like this and you made a mistake. But all right, you made a mistake. You now can't afford to make another one. So Anita, you really need to ask yourself the question, do you like where you're living right now? Forget about what you're spending versus what you used to spend. Can you afford renting? Because trust me, renting has its advantages as well. When something breaks, you need a new refrigerant, whatever it is, you don't have to fix anything. You are not responsible for anything. So you are now 68 and you will get older and older and some hopefully. Hopefully. And sometimes owning a home is a big deal. Also, when you buy a home, you never quite know what you are really buying. Like, does it leak? Will the plumbing need to be replaced? All of these things. So first question you have to ask and answer yourself. Do you like where you're renting? Can you afford it comfortably and if so, continue to rent. You don't have to make a decision because your rent is more than what your mortgage payment was years ago. That's number one. Number two, you really need to think about where you want to move. All right? And besides, the house, is it in an area that it's walkable, it's easy for health care, there's a community, what is the maintenance? What are your neighbors like? You need to look at all of those things because if it's a duplex, you're going to have somebody living next door to you and you're going to hear them going up and down the stairs. Maybe they have kids, maybe they play their music loud. So you really, really need to think about that, okay? Also, you need to understand what's happening with weather. When you own something and you don't own it outright, you do a mortgage on it, alright? You're going to have to have property insurance. And property insurance today is so much more than it was when you owned your other house. I can't even tell you. So can you really afford what it's going to cost you to live in this house? Property taxes, insurance, maintenance and everything? I'm not sure that you should absolutely do this all at once. All right. Just feels like you're rushing and thinking if you buy something now, it will take away the mistake you made. Them look at what you have, not at what you had right now. You have a lot of money making a good interest that you could invest and make even more money. And maybe that's better than owning a home.

[KT]

All right, Susie. I currently have a revocable trust created by an attorney. I am 60, but created this 10 years ago. I want to make changes, but the attorney wants ready $6,000 to do that. Can I use your must have document program to create a new trust that will supersede the prior one? Not complicated, but something that you absolutely can do by yourself on your own and save $6,000?

[Suze Orman]

Yeah, I think $99 to buy it.

[KT]

Must have documents.

[Suze Orman]

Yeah. Would be easy. So go to musthavedocs.com and take a look. All right, go.

[KT]

Okay, next question's from Mandy. My husband and I Both have individual HSAs.

[Suze Orman]

That's my girl.

[KT]

That are just sitting. We are currently maxing each year in our family plan. What is your advice on investing the funds in the HSA rather than letting it sit, earning pennies on the dollar?

[Suze Orman]

Oh, you should absolutely invest it. Every HSA health savings account comes with investments, whether they're 1,000 of them, 15 of them, whatever. Contact your company, see what you can invest in. And you should be investing. All right, Go on, kt.

[KT]

Okay, this next one is another spicy question. I love these. This one's really good. This is from Michelle. She said, hi, susie. She is 25 and he is 24.

[Suze Orman]

That's how she opens the CMAS.

[KT]

Yes, ma'. Am. Here is a little more background of the pickle I've gotten myself into. My son was a senior in high school when Covid hit real bummer for his senior year. He went to college in the fall and all his classes turned into online classes, which didn't work for him. He didn't pass any classes, and he moved home. When he moved home, he got a job, built up his savings. When he was ready to go back to school, he decided to go to where my daughter had just graduated and move into the house that I bought as an investment while she was in school. And Michelle goes on to tell us it was a good investment. I've rented rooms to students. That covers the mortgage. And my kid, while going to school, didn't have to pay rent.

[Suze Orman]

Good.

[KT]

So Michelle did well with her daughter.

[Suze Orman]

Then what happened?

[KT]

Then soon thereafter, his girlfriend wanted to move in with him, she was living in our hometown, which is three hours away. I should have done my due diligence, but since she is my son's girlfriend, I said okay. She signed a lease agreement and was supposed to pay rent. But with just sporadic jobs and other bills to pay, I've only received sporadic rent payments. She's a good talker and makes plans to get back on track with every job. As of now, she owes me over $4,000 in back pay. Ren. I found out she borrowed money from my son to help pay her bills. His nest egg is now gone, and she's borrowed from other people, too. It's an ugly situation and hard on our family because it's my son's girlfriend. If it was any other renter, they would have been out of the house a long time ago. So Michelle goes on to tell us she's a person who has all sorts of big plans and traveling, retiring early, etc, but doesn't hold a job and has no money. I want to give her something that could help her be realistic and kick her into gear. I kick her somewhere else. But I think that Michelle is. I know she's saying, hell, I know.

[Suze Orman]

Exactly what I would tell Michelle. Tell her, I don't care about this girl.

[KT]

I don't think Michelle wants a daughter.

[Suze Orman]

Wait, wait. Listen to me. I care about her son. And her son is obviously making very bad choices right now. And since this is her son's girlfriend, I would tell him they both have to leave. Ooh. I would say to both of them, I would sit them down, and I would say I am owed $4,000 in back rent. In back rent. You. This woman. I would say, whatever her son's name is. I allowed your girlfriend to live here because I love you so much, But I don't love you enough to be down $4,000. Therefore, the two of you need to leave so that I can get rent for both of your places and make up for the $4,000 deficit. So you have 30 days to both.

[KT]

Be out of here and find your own place to live and figure it.

[Suze Orman]

Out, and that's it. Right? And I'm not going back on this. This is how it is. You have to take responsibility that you are in a relationship with somebody who has been totally irresponsible. And I would say this in front of her. Therefore, if this is what you are choosing, then you have to choose to stick by her side and leave with her. You have 30 days to get out. And that is exactly what I would say.

[KT]

I love that. That's great, great advice.

[Suze Orman]

That is exactly what I would say.

[KT]

I love that.

[Suze Orman]

Yeah, Good.

[KT]

Michelle, do it.

[Suze Orman]

Now, Michelle, it's going to be very hard for you to do that because it's your son. But if you don't kick your son into common sense gear, he's going to possibly get this woman pregnant. He's possibly going to end up having to marry her. He's never going to have any money. That will be the biggest regret of his life. Not your life, necessarily, but his life. Kick it out now or I'm telling you, your son is going to pay. He obviously can't say no to her because he gave her all of his savings. Are you kidding me? He's got to leave and figure out how to do it on his own now. Just that simple.

[KT]

I love that.

[Suze Orman]

And when he says no, no, mom, mom, really. We'll come up with the money and say, sorry, my mind is made up. Both of you have to go. That's it.

[KT]

If you can come up with that money, then that's plenty of money for you to rent elsewhere.

[Suze Orman]

That's right.

[KT]

Be stern and strict.

[Suze Orman]

And then he's going to say, but what if she goes and I stay? Sorry. Right? You want to do that to your girlfriend? Why would you want to do that to your girlfriend? You can't do that to your girlfriend unless you break up with your girlfriend. So you should just be really straight with him. This is going to be the hardest thing you've ever had to do. But guess what? I have a feeling. Think about that $4,000. Think about what you're saving your son from and you can do it.

[KT]

So, Susie, this is my last question. This is going to be your first.

[Suze Orman]

What do you mean this is your last question?

[KT]

It's the middle of July. I'm doing a summer shorty today. Why, it is the most gorgeous day on earth. And I'm taking Susie for a boat ride, everyone. I'm taking her for a boat breakfast adventure. And that's all I'm going to tell her. So here's my last question. Dear Susie.

[Suze Orman]

You should see my face, everybody. All right, Go on.

[KT]

I like this question. Thank you for all you and kt. Do I handle the finances for our family? And I so appreciate everything I've learned from you. I hope you might be able to help me with this question. And this is from Lynn. She said my daughter and her partner are about to have their first child. They are each taking two months unpaid leave. Our daughter will then return to her freelance work and our daughter in law will begin nursing school. They are both admirable young people. They're asking for our help, paying for child care beginning in January, perhaps $1,500 a month. This is something we can afford to do and we have been very generous and helpful in the past. Where I stumble is in the feeling that they should be living within their means and wondering what we are teaching them by being so generous. I'd love to know your thoughts.

[Suze Orman]

Sincerely, Lynn so, Katie, this one's a little confusing to me, right?

[KT]

I don't think it's confusing at all.

[Suze Orman]

Well, it's confusing to me because, listen.

[KT]

Lynn and her husband clearly have, you know, plenty of money and they have been very generous to their children. Obviously. She said we've been very generous in the past and we would like to continue helping them. We can afford to help them. But her dilemma is that she is a SU student and she's asking you this question, am I hurting by helping or am I helping by hurting?

[Suze Orman]

I understood that when you read it. KT but this Lynn is having issues with money, right? You just feel it. So, Lynn, the real question is why? What's going on in your life that you feel like all of a sudden you want to pull back here? Because if you feel like the fact that you even ask me this question, where I stumble is in feeling that they should be living within their means, says to me that they're living a really great lifestyle on your money and you don't like it. And therefore I think, did they just assume when they had their child that you were going to take care of it? Did they not have a plan of what it would actually cost them to do so? And are they just taking it for granted that you're going to step in and give them fifteen hundred dollars a month? What? Katie?

[KT]

Well, if take a look at this carefully. One of the girls is going back to nursing school, the other one is going back to freelancing. They obviously can't afford to both go to work and have a child.

[Suze Orman]

Well, didn't they think about that before they had a child? Probably not, because it's not like, I mean, with the due respect and I can say this, it's two women. It's like they tried to get pregnant. It's not like it just happened. And now all of a sudden one of them is pregnant, right, which can happen. And seriously, between a man and a woman, and now you're pregnant. What are you going to do here?

[KT]

These two, they planned the child.

[Suze Orman]

They planned the child, but they did not Plan how to pay for the child. And I think where Lynn is feeling a little bit upset is that now it's almost as if they don't have a choice. They're asking for her help to pay for childcare beginning in perhaps the $1,500 a month.

[KT]

So they're asking.

[Suze Orman]

Here's what I don't understand.

[KT]

To pay for child.

[Suze Orman]

Why are they each taking two months of unpaid leave? That's what I would be upset about. Why doesn't just one take leave? The mother that had the baby and the other one should continue working to make money to save that money to pay for child care when the other one has to go back to wherever they're going back to? Because I don't know which one.

[KT]

We don't know which. Yeah, we don't know which one.

[Suze Orman]

So I have to tell you, Lynne, I would have a serious talk with them. And I would have a talk with them. Who did you think was going to pay for this when you decided to have a child? Why are you both taking leave? Like, how can we cut your expenses so that in fact you can afford to pay for childcare? There's more going on. I'm so sorry. I don't know what else Lynn is dealing with.

[KT]

I think Lynn feels like she is a bank instead of a grandmother.

[Suze Orman]

That's actually a great idea, Katie. If Lynn feels like she's a bank, then she needs to act like a bank. And if she decides that she's going to help them with $1,500 a month, it needs to be a loan, not a gift. And she should have a contract drawn up. Seriously, where, when are payments due on this loan and at what interest rate? And they both need to sign it. It needs to be like a legal contract. And that Lynn maybe will give them two years to start making payments on it. Right? Because in that period of time, it's going to be like $36,000, Lynn, that you will have paid for them. And so then I would take that $36,000 and I would demand payments on it over X amount of years, maybe over the next five years. They need to pay that back to you. But whatever feels good to you. But seriously, you need to have a talk with them and then you decide. But they plan to have a child. But they didn't plan to pay for the child and they just assumed you were going to. What have you done in your relationship with them that allowed them to even think that way? How did you create this situation? Just something for you to think about. You know, Lynn sounds like somebody who she always steps in to help. Somebody who's in need. Just sounds that way to me. Anyway, that's it, huh?

[KT]

Kt, I think that's a wrap. Susie, where are we going? I'm taking you for a great adventure.

[Suze Orman]

I'm the one who drives the boat.

[KT]

You will drive, but I'm taking you to the destination.

[Suze Orman]

And you have it in mind?

[KT]

Yes.

[Suze Orman]

Are you bringing food?

[KT]

Yes.

[Suze Orman]

That's all that mattered. My coffee and my raisin toast. All right. All right. So everybody, that's it. You get a break from us right now.

[KT]

So until it's called a sunrise shorty.

[Suze Orman]

Today, so until Sunday, there's only one thing that I want you to remember when it comes to your money. And what is that, kt?

[KT]

People first, then money, then things.

[Suze Orman]

Now you stay safe. Bye. Bye.

[Unknown]

We are strong we are wise we will not apologize we are are here we will thrive Together we will rise we're the faith and everything it takes we are strong we are wise Together we will rise.

[Suze Orman]

Hi, everybody. Suzie O 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 myalliant.com that's my A L L I A-N-T.com and look into opening an ultimate opportunity savings account. Put in at least $100 a month, every single month for 12 consecutive months. Earn 3.10% interest on your money right now and get $100 at the end. Are you kidding me? It's the best deal out there. Start saving right now.

[Unknown]

Neither Susie Orman Media nor Suze Orman is acting as a certified Financial Planner advisor, a certified financial analyst, an economist, cpa, accountant or lawyer. Neither Suze Orman Media nor Suze Orman make any recommendations as to any specific securities or investments. All content contained in this podcast is for informational and general purposes only and does not constitute financial accounting or legal advice. You should consult your own tax, legal and financial advisors regarding your particular situation. Neither Suze Orman Media nor Suze Orman accepts any responsibility for any losses which may arise from accessing or reliance on information in this podcast and to the fullest extent permitted by law. We exclude all liability for loss damages, direct or indirect, arising from the use of this information. The must have documents discussed in this podcast are legal documents created by a lawyer and distributed by Hay House.