← Suze Orman's Women & Money (And Everyone Smart Enough To Listen)
Suze Orman's Women & Money (And Everyone Smart Enough To Listen)
Avoiding Financial Landmines
00:26:30
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Kt, I'm so happy because people are finally starting to understand the difference between identity theft protection and scam protection. I know, it's an epidemic.
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The scammers are stealing money online.
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My money, your money, everyone's money. Only if you make a mistake to protect yourself. Everybody go to Suzeorman.com and check out the ultimate scam protection. I promise you, you won't be sorry that you did. April 19, 2026 welcome everybody to the Women in Money podcast as well as everybody smart enough to listen. Suzie O here and today is Susie School. So you know the drill. Get out your Suzy notebooks. Well, how are y' all feeling? Are you feeling great? Doesn't it feel better when the market goes up rather than the market going down? Weren't you so happy on last Friday when the markets actually finished at their all time highs, except for the Dow was just a little off, but essentially almost all of them, their all time highs. How fabulous was that? However. Oh, some of you aren't that happy. And why aren't you happy? Because some of you did not listen to what I have been trying to tell you, what Fitzy has been trying to tell you, which is listen, as long as there is uncertainty out there, as long as there is confusion out there, as long as oil is going up, we don't know what's going to happen here and there. The markets are going to continue to go down, down. And then did we not say to you, but as soon as that clears up, when oil goes from over 100 and something down to around 80 where it is right now, you are going to see these markets skyrocket. They're going to take off. And they did exactly that. But you couldn't wait for that. You watched as some of your stocks went from a lot of profit to an okay amount of profit to not so much profit anymore, to possibly breaking even, to possibly at a loss. And you had to sell. You had to just get out. Which is why the title of this podcast is Avoiding Financial Landmines. Now, I wanted to call it Avoiding Financial Landmines M I N T S Because it is your mind that gets you to lose money. Because it is your mind that controls what you do, the actions that you take. Have I not said that fear, shame and anger are the three internal obstacles to wealth? You feel it in your gut. Your gut goes to your mind. Your mind tells you what to do and the actions to take. And then what do you do? You push some buttons or call your financial advisor and you sell versus buying more. And I know how hard it is to buy more. And by the way, the reason I didn't call it mines versus mines is KT told me not to. And I totally always respect whatever KT says. You know, I always think she's right. So the way that you avoid financial landmines, truthfully, is through dollar cost averaging. When you go and you invest everything you have in a lump sum or when you put money into, let's say a Roth IRA and you maxed it out. And now even though you could put another maximum contribution in, you do that, but you're afraid to go into the stocks and dollar cost average into the stocks or ETFs that you have had that have gone down. You just frozen. And when you're frozen like that, you are doing what you are blowing up your financial future. You are planting your own financial landmine. You really are everybody. And I see it all the time. I see it with some relatives I have, I see it with friends that I have. I see it with all kinds of people. I see it from your emails and it feels so good for a little bit, so good when the markets are going down and you sold and you're like, oh, good, I'm out. It's okay, I'm out. And it goes down a little more and now you're feeling really proud and it goes down even more and you're going, see, I was really smart that I got out. And before you know it, four or five days later, it is above where it was when you sold out and continues to go up. You have to really get a grip on this one and you can never let this grip go because I don't want you to make a mistake on the upside as well. So here we are, we're at the all time highs. You've watched things go up and up and up and you're like, I have to get in. All right, I got out and now I have to get back in. This is the time that you cannot get back in with a lump sum. You cannot, because even though it might continue to go back up, and I hope it does, chances are it will turn around and come back down again. I don't think it'll come back down as much as it did, but it very well could have a turnaround. So to avoid the, the financial landmine that I know a lot of you are going to get into right now, which is taking everything you took out and put it back in, you have to vow to yourself that you are going to dollar cost Average. And I know all of you say to me, how do I know when it's the right time to dollar cost average? And the answer to that question is, it's always the right time to dollar cost average. Whether the stock has been going up or whether the stock is going down. Set a date, set a time that it just feels right for you once a month, once every three months, and just do it. But don't leave yourself in a position where you don't have the money to dollar cost average. And if by chance you are totally invested, you don't want to invest any more money, you're fine because you don't have the money to invest. You might want to look at some of the stocks. Write this down. Some of the stocks in your portfolio that you don't have conviction about, you think they've changed, they really haven't ever performed. You've just been waiting for them. While some of the stocks that you really love got obliterated. You only wished you had had more money to buy more, maybe, but you don't have any more money. Then look at other things that you own in your portfolio. You have to own more than just one stock. And maybe you decide, maybe I'll come out of this and go into that. Maybe if it's outside of a retirement account, all right, I'll sell this loser that I really don't think is really going to come back, and I'll put that money into either dollar cost averaging or if it's a little amount of money into the stocks that I really do want to own for the next five years, 10 years, 20 years or more. There's always something that you can do. But when you get caught up in a financial landmine, you blow up your plan, you get frustrated, frozen, you get financially injured, and you do nothing. And doing nothing when you can take advantage of decreases in markets, dramatic declines in markets, dramatic manipulative decline in some AI stocks, which I think they have been. When you get frozen and you don't take advantage of that, I'm telling you, you will never build the wealth that you are meant to have, especially in the stock market. It takes a lot of courage to do that, but it doesn't take a lot of courage if besides courage, you have knowledge, you have faith in what you have invested in, you know why you bought it to begin with. Now, remember I told you that I owned one stock and it was a lot. I own a lot of this stock. And even though I had a tremendous gain in it, still I had a tremendous Loss on paper from its high. And I said you know what? I'm happy with the number of shares I have. Remember this? I'm not buying anymore. Then I watched it go down and down and, and down and down and down. And I said to myself, Susie Orman, if you aren't selling this stock here and you have the money, why aren't you buying more? And I said to myself self, you're right and guess what? I bought more and I am now up on paper anyway to 15% in four days and I want to own that stock and I have the conviction that years from now it will be great. But you have to have that conviction. You can't let the news, many financial pundits, whatever, blow up your financial plan. So how's that make you feel now just overall I have to tell you I still really really love the ETF smh and I tell you about that, that's its symbol. Because if you don't have what it takes to own the individual semiconductors and stocks like that because the individual stocks scare you, fine, just dollar cost average into the ETF smh. Just that simple. And that might solve your problems because sometimes ETFs don't get hurt quite as much as some really volatile stocks. Even though the ETF might hold those exact same stocks. Just something for you to think about. Also I'm going to reiterate what I said to a lot of you because I know so many of you, I don't know why, but you put all your money into the magnificent Sevens, the Palantirs, the ionqs, the Google all all. No. Remember I told you a good strategy for you might be 50% of your money in a Standard Poor's 500 index fund such as Voo Voo or whatever one else that's out there and the other part in individual stocks. Do you remember that if you had done that overall you wouldn't have watched your portfolio be obliterated. You just wouldn't have. So this just something for all of you to think about. The other thing I want all of you to think about is this. Have you all registered for the live webinar that I am giving on April 23rd at 6pm if not you're going to miss out. Go to susie orman.com and right there on my page click Just register for the webinar or just go to suziorman.comwebinar register there. There are over 50,000 people who have registered now and I want you to be one of them now maybe you're going to hear things that I've said on the podcast here. Maybe you're going to hear things that I've never said. I never know what I'm going to say. Like right now, I'm sitting in my little chair, I'm talking into my microphone. I have no idea what I was going to say. All I knew was I really like the title, how to Avoid Financial Landmines. That's all I knew. And here we are, 14 or 15 minutes or whatever already into this podcast, so join me there. But don't be your own financial landmine, all right? Please don't be. Don't be your own obstacle in the path to financial freedom. Just don't be. Just stay solid. Know if you have time on your side, at least five years or longer, you should wish and hope seriously that these markets go down, down so it gives you a chance to continue to dollar cost, average in and accumulate more shares. And now here we are up again with many things, and it's like, oh, did you miss it? Probably. But when it goes down, just keep to plan. Okay, next, Want to talk about the ultimate scam protection. Now, I want everybody to be very, very clear about this, okay? A lot of you think that you are protected against scams because you have identity theft protection, all right? Identity theft protection is not scam protection. A lot of you, when you looked at it and you saw it and you went, oh, but Susie, I have $1 million of identity theft protection and you're only offering 100,000. So fine, since that's confusing you, because it has nothing to do with really giving you your money back. For everybody who already purchased the ultimate scam protection or who will be purchasing it, you will see, as of tomorrow or the next day, all the graphics will change and we have increased the identity restoration protection to $1 million. So now you will feel like with the ultimate scam protection, you also have identity theft protection, okay? However, it's very important that you understand what scams you are protected against and what scams you are not protected against. And therefore, I have included an entire list of what I'm about to tell you on the Women and Money community app. I've also asked Nord Protect to put this list in exactly as I've written it so that you can see it online as well under frequently asked questions. But we need to give them a few days to do it. So Here are the 19 different kinds of scams that this program protects you against. Are you ready? Write these down, people. Tech support scams So a scammer, for instance, pretends to be tech support and they trick you into paying them for a fake service. Okay, you're covered. Cryptocurrency scams. Fake crypto investments that lead to scammers taking your money. Great romance scams Scammers that build fake relationships online to get money from their victims. Grandparents Scams Scammers impersonate a grandchild asking elderly victims for an urgent pay payment. Email spoofing. Fake emails that trick you into sharing your personal information. Job recruitment scams. Fake job recruiters that ask for money up front for applications or checks. Phishing, smishing or vishing scams. You receive fraudulent calls, texts or emails designed to steal your info. Credit card fraud. Stolen credit card info is used for unauthorized purchases. Money marketplace fraud. You fall for a fake listing, but you don't get the item that you paid for. How many of you has that happened to? Online shopping scams. You buy from untrustworthy sites and never get your order. Fake money transfers. Scammers send fake money like a payment that never clears and ask for a return transfer. Criminal deception scammers pretend to be authorities like the FBI conscious claiming you have unpaid fines. Fake app scams. You know these malicious apps that are disguised as real one to steal data or infect your device. Overpayment scams. A scammer overpays with a fake check and asks for a refund before the check bounces. Online rental scams. Scammers post fake listings and collect deposits for properties they don't own. Deep fake scams. AI generated videos or audio that impersonate people to steal money or info. QR scams. Fraudulent QR codes direct you victims to phishing sites or install malware to steal sensitive information. Counterfeit currency or forged checks. Fake money or checks are used to pay for items. Unauthorized financial account access. Unauthorized charges that are made on your credit card. Now that is what is covered, everybody. Do you think your identity theft program covers any of that? We've thought of everything. Okay? Which is why I put the limit up to $100,000. Because I've seen some of you fall prey to to this for up to that amount of money. What is not covered? I'm trying to be very clear here with you, very honest with you so you understand this. Product fraud between family members. For example, if a relative tricks you into sending money, I'm sorry, we cannot cover you. Number one, it didn't start online. Possibly, but family members, we can't do that. Next. Business related fraud scams that are aimed at Businesses like fake invoices or fake supplier details, we can't cover that. All right, But I don't think many of you will be subjected to that. Online auctions, lotteries, and gambling. We cannot cover scams from auction sites, lottery fraud or gambling scams. And last but not least, investment scams we cannot cover no Ponzi schemes or fake investments that promise big returns. So now you know what we cover, what we don't, and why. I want you all to have the ultimate scam protection again. To get it, you just have to go to my website, susie orman.com look for it there and click Now. I've also posted everything I just said online on the Women and Money community app. And hopefully sooner than later, they will be part of the frequently asked questions. When you go to suziorman.com and you look at everything that you get, and I think you'll find that for $95.88 a year, it's absolutely worth it. But I just don't want you to think you're getting something that you're not. But I do want you to understand that if you already have identity theft protection, which many of you do have, I'm telling you that is not enough. It simply helps you restore your identity. The ultimate scam protection also helps you restore your identity, gives you the same amount in terms of what they'll pay for lawyers and everything. But the ultimate scam protection helps you what? To recover up to $100,000 of a covered scam that started online. And I think you'll find that this is a program that you want next. I understand totally that it's not very easy to do for some of you, some of you, quite a few of you haven't had any trouble. You go on, you apply, da, da, da, you're covered, okay? But many of you are being hung up with what's called Multi Factor Authentication, mfa. And we're trying to help you through that. But you give up. You give up so easy. So here, because you're giving up, what happens, you've set up a financial landmine for yourself simply because you didn't want to work through it. So therefore, we have created a special help line just for Susie people. So you would write to askordprotect.com now, everybody remember Nord Protect is what is behind this. The engineers, everybody that's running this. So that's why sometimes you will get an email from NORD Protect that's answering your question, or NordVPN. Fine. All right. Now, NORD has many, many Products, I'm just telling you that. But I created this one with what I thought you really, really needed to protect yourselves. Just that simple. So $95.88, that breaks down to about $8 a month. But you can't pay it monthly. It's all in one lump sum. You try it for a little, hey, 30 day money back guarantee. You can get your money back. You are asking me, hey, all my bank accounts are joint with my spouse. Why can't it just cover me and my spouse? Because remember, this is not about your bank account per se. This is about you being scammed as an individual. That started on your computer or online. So you normally have an email address, your spouse has their own email address. Or maybe you have three email addresses which you could put in all three under your one account. But if your spouse has different email addresses, then you, you each need to get your own. Now we were thinking about maybe bringing out a family plan, but after going over how complicated that would be, for now we're sticking with individual plans. This is a very thorough product, which is why we ask you to authenticate yourself three times as we want to make sure that it is really you. So again, stick with me here. Go to Suziorman.com and you can get it there. I think starting tomorrow or the next day, the new page will be set up with everything so you know exactly what's included. You'll see the million dollar change, you'll see all of that. By the way, there's only one state that it's not available in yet and that is New York. All right everybody, what else do I want to tell you? I think that's about it, believe it or not. So join me on the webinar suziorman.com or suzeorman.com webinar to register and let's see what happens. But until Thursday when Ms. Travis joins us once again, there's only one thing that I want you to remember and it's this. People first, then money, then things. Now you stay safe. Bye. Bye. 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. I know and you know that there are many of you out there that have home equity lines of credit. But do you have one with a 3.99% fixed interest rate for six months and then prime plus zero? I doubt it. So I want you to go to myalliant.com and check out what I think is the best HELOC on the market today.
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Neither Suze 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 Susie 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 advice 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 mentioned in these podcasts are legal documents created by a lawyer and distributed by Hay House.