April 26, 2020
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In this podcast, Suze shares a story about losing electricity at her home before an important remote speaking engagement.
April 26, 2020. Yesterday was my mom's 105th birthday if she was still alive, so I hope she had a great time up there with my dad. Anyway, I want to welcome all of you to this podcast, the Women and Money podcast, as well as the men smart enough to listen, because over this past month or so, we have gained thousands and thousands and thousands of listeners. So I welcome you, but I really want to tell all of you that I hope you are enjoying the Women and Money community app. We have thousands of you that have joined, and this is an app that you can download on Apple Apps or Google Play simply by searching Suze Orman. And it's there that you will be able to ask your questions, there that you will be able to listen to the podcast if you want, you can search the podcast. So let's say you want to know, did I talk about X, Y, or Z? You just put in what you want to know, then up comes all the podcasts and the transcripts of all the podcasts, by the way, for you to find the information that you need and my opinion on it. I'm also trying to live stream with you, although I haven't done a very good job of that, have I, everybody? For some reason, we have a glitch, so every time I go on to live stream to talk with you, um, somehow, all you see is a black screen. Please have faith, we're working on that and very shortly that will not be a problem. You can post your own financial success stories as well as go to my wall there and we show you all kinds of things that really you're not going to see necessarily anywhere else but the Suze app. And as I've told all of you, very shortly, we will be talking to all of you and offering you an affiliate deal so that you can make money, not a lot of money. Well, some of you might be able to make a lot of money, but it's a side hustle to generate some extra income and helping yourself as well as helping everybody else. And I think I'm going to call it the "Learn and Earn" program because you're going to learn about money, you're going to learn about what's necessary for you to do to protect your family, yourself and your money, and you're going to help others do that as well, and you'll be making some money to do so. But you have to go to the app, you have to download the app, and that is how you communicate with me.All right, today's podcast is a little bit of a different one. But then again, most of these podcasts are different, depending on what's happened in my own life, right before I sit down to do these. And what was fascinating to me this week is that as you know, I live in the Bahamas on a little tiny island, so it is not easy to get communication on any level here. And I've set up a studio in my living room because we have The Today Show, CNN, Doctor Oz, all these networks have wanted me to broadcast out live to them. And this is a big deal. I've done an hour show, actually, I've done two one-hour shows on HSN as well QVC, and can you imagine if the power or the communication gets cut in the middle of a live show? It's like, what do you do? Especially if the whole hour show is me. So that's a big deal. And so I'm looking at all of these lights, I have like six lights, microphones, all these things to make this happen. And I'm looking at all the cords that are coming from each light source as well as my computer, the camera, the microphone, and they're all plugged into the energy source. And I'm sitting there thinking to myself how funny all of these things have no power on their own. If that energy or communication goes out, all of these things are worthless. And then what are you going to do, Suze? So I'm sitting there and I'm thinking about it right before I'm to give an hour talk for the 92nd Street Y and guess what happens? The power source goes out half an hour before I'm to give an hour talk that people have paid good money to hear me give it to them over Zoom. All right? Now, I'm sitting there and I am freaking out I'm like, what am I going to do? Oh, my God, this isn't working, it's not working. Well, what was I able to do? Nothing, I had no power at all. And, of course, they had to cancel it because I couldn't communicate out and maybe we'll be able to reschedule it, because the power still isn't that good right now, for whatever reason. But why am I even telling you all this? Because it started me thinking on the topic of what is the true source of your power? Like, how powerful really was I, Suze Orman, to be so absolutely freaked out because the power went out? The power inside of me didn't go out, but I rendered myself for those moments or half-hour or hour, actually, in time, I rendered myself powerless because I freaked out about a situation that I could not do anything about. And the reason that I wanted to talk to you about this is that I feel that's exactly where we all are right now. You are all freaked out about a situation that really you can't do a whole lot about. You are freaked about when is the economy going to return? When am I going to be able to go back to work? When am I going to be able to go outside again? We're all fighting with one another. It absolutely breaks my heart to see people in certain states coming up and protesting and saying we have to open up, we have to open up, and the other people are saying we can't open up because we're protecting you, we can't do this. And then everybody's fighting at a time when this world needs our love, our compassion, and our understanding more than it has ever needed it before. But yet we are all rendering ourselves powerless. So the question at hand, really, and I'm very serious about this, is what is your true source of power? What is it that you yourself have control over, regardless of what's going on in the United States and actually worldwide right now? What is the answer to that question? And the reason that that is so important is that this is the period of time that you really have to stay grounded in your own power. Because if you don't stay grounded in your own power, you become powerless. And when you become powerless, which means you have less power, when you become powerless the number one law of money comes into play. Do you all remember what that number one law of money is? I've been talking about this number one law of money now for over 30 years, and it's this: Power attracts money; when you're powerless, you repel it. And you'll just have to go back and listen to other podcasts to find out why that is true. So you not only have to stay powerful and grounded in your own power to turn your financial situation that you may be in around. But, you have to also stay powerful in who you are and connected to your power so that you continue to breathe so that you continue to stay strong and not freaked out. Because again, and I've just done quite a few interviews on this about health and wealth and actually, some of them are on the app, you can listen to them there. But it's that what happens when you get freaked out about your money and how that affects your health, and this is no time, everybody, to be in a situation where you are letting your immune system to go down and get weakened when we have so many invisible little enemies known as this virus that is floating around. We can't see it, we don't know who has it. You have to stay strong. So for you to stay strong, both in your health and wealth, you really have to be able to answer the question, which is, what is your true source of power? I can't answer that for you. I could answer it for myself, but what it is for me isn't going to help you. Where can you go within yourself so that when you are freaked out about anything, like I was just a few days ago when nothing was working until I calmed down and I realized, OK, there's nothing I can do about this. Suze Orman, you are an adult, you are a very powerful woman, just deal with it. All right, so you had to cancel a talk. It is very probable that you're going to have to cancel at least seven TV shows and talks that I have scheduled for this week. Very probable. But so what? So what? So I tell you this because there are things that you may be freaked out about, that maybe you could just look at and go all right, there's nothing I can do about it. So what? So what? But I really want you to contemplate the answer for you to what is your true source of power? And we're going to be posing that question on the Women and Money app, and I would really like to hear your answers. I would like to just know that on some level that the Women and Money podcast isn't just about money. It's not just about do you buy, do you sell, what do you do, what don't you do? But it's about your entire being because your self worth and your net worth really are one. They've always been one. You'll never get anywhere if you have one foot in a boat that's called yourself in your personal life, and then another foot in another boat that's called your financial life. Because if those boats start to spread and go opposite directions, you're in trouble. I want you to have both feet in one boat and let that boat go exactly where you want it to take you. So no, this isn't just about but Suze, I've come here to learn about money. No, you have not, and if you have, that's not all I want you to learn here because it's not until you learn about who you are, what you are capable of, and to have the understanding that you are never given more than you can handle that you will ever be the strong, secure and successful women that I want you all to be. So, today's podcast is really different than the podcasts in general that I've been doing since March 1, which really has been focused on the economy, the stock market, that this and that. And I know all of you want me to touch on it. OK, if you want me to touch on it, here's what I just want to say. Not much has changed. This week, the only thing that has changed really is two things. Number one, the unemployment rate is going to skyrocket on us because now we have about 25 or 26 million people claiming unemployment. And when we look at all of it in another week or two, when they announce everything, don't be surprised if you don't see the unemployment rate being at 18% to 25%. That is a big deal, but nothing we can do about it right now. The other thing that changed is that yes, we have more of the PPP, the Paycheck Protection Program money that has been freed up. And I hope that a lot of you that didn't get it last time, and it's for small businesses, and many of the very large corporations that didn't need to take it because remember, the way this works is that if you use the money or the majority of it to pay for your employees, it then turns into a grant, then you don't have to pay it back. So, many serious corporations that are public corporations that didn't need $10 or $20 million, they swept it up because it was just free money for them. Well, now, hopefully, they're giving it back. But those of you who have applied, apply again, and I hope you can get it. But again, there was a long waitlist, so I don't know if that's going to be the answer to many of your problems when it comes to keeping your business open. But you should at least try. If I were you, I would try and go to credit unions and small community banks because they probably will have the money to give you if you really are a small business. But besides that, not a whole lot has changed on any level, everybody. The markets are still going up, they're still going down, they're all over the place. But really, we're where we were essentially a week ago, and so there's not much to say about it except to stick in there. But I need you grounded to get through all this. So the reason that I want you to stay in your power is because of this. So many of you are writing to me and you're asking me this one question. Do you know what it is? You're asking me, you want to know, when will the economy re-open? That's what all of you want to know, isn't it? But I have to tell you, in one sense, that is the wrong question. Because in reality, listen, everybody, this economy really isn't closed, because if you think about it, many essential businesses are still open. People are still buying and selling things on Etsy, on Amazon, and all these. They're still there. If you're sitting at home, you're still engaging believe it or not, in economic activity. But of course, it's just different. It's just different because you're at home. So what you really want to be asking is this question, this is the correct question. It's, when will the previously normal economy be back? That is what you want to know from me. When will your life be normal again? And if I had to answer that, I'd have to tell you never, I'm afraid. I don't think we're going to ever return to something that was exactly like it was before. We're going to return to something, but it's going to be quite different, and it's going to be quite unknown at this point. But the reason that I am talking to you about this is this. Do you really know that less than 3% of the U.S. counties out there account for half of our gross domestic product (GDP)? Less than 3%, listen to me closely now, of our U.S. counties account for half of our GDP. And do you know that those exact same counties account for 61% of the COVID-19 cases? All right, I want you to just think about that for a second. These densely populated counties are where 61% of the cases of COVID-19 reside. And until we can open up the 3% of the counties that account for half of our GDP and 61% of the COVID-19 cases, we're not going to really be able to make much progress at all. So until they can open, the economic activity in the United States is going to be seriously lackluster. And that does what? It hurts our consumption, and these are the areas everybody that's going to be hardest to bring back online. And so without them, we cannot approach anything that looks normal, all right? Nothing that looks normal. Now, while it's true that we can have places like Georgia or wherever it may be opening up and everything. The real places that we have to have open up are New York, California, places like that. So, I just need you to be patient and to know that it could be a while. Some of you will be able to go back sooner than others. But whether you can go back or not, go back, what is the real point of this podcast today? It's what is your true source of power? Because, all of a sudden, if you go back and now you're working and now you feel good again and something happens and we end up right back where we are right now, have we learned what we needed to learn to connect to what our true source of power is? So that if that happens, or if this ever happens to us again, we don't mentally, psychologically, and even physically totally freak out. OK? I will forever believe that our true source of power or one of our true sources of power lies within the love that we have within us, not only for ourselves but for others as well. So on this podcast, that is just a little bit different, I'm going to end with a recording that I heard not that long ago from a woman by the name of Brandon Bays, and she is going to tell you a story. The original story is that there was a letter people thought came from Albert Einstein, and it reads like a very powerful letter, kind of about the topic of today's podcast. But in reality, we don't know who wrote it, and it was proven back in 2015 that it wasn't in fact, written by Einstein. "When I proposed the theory of relativity, very few understood me. And what I will reveal now to transmit to mankind will also collide with the misunderstanding and prejudice in the world. I ask you to guard the letters as long as is necessary, years, decades until society is advanced enough to accept what I will explain below: There is an extremely powerful force that so far, science has not found a formal explanation to. It is a force that includes and governs all others and is even behind any phenomenon operating in the universe and has not yet been identified by us. This universal force is love. When scientists looked for a unified theory of the universe, they forgot the most powerful unseen force. Love is light that enlightens those who give and receive it. Love is gravity because it makes some people feel attracted to others. Love is power because it multiplies the best we have on allows humanity not to be extinguished in their blind selfishness. Love unfolds and reveals. For love, we live and die. Love is God and God is love. This force explains everything and gives meaning to life. This is the variable that we have ignored for too long, maybe because we are afraid of love because it's the only energy in the universe that man has not learned to drive at will. To give visibility to love I made a simple substitution in my most famous equation. If instead of E=MC^2, we accept that the energy to heal the world can be obtained through love multiplied by the speed of light squared. We arrive at the conclusion that love is the most powerful force there is because it has no limits. After the failure of humanity in the use and control of the other forces of the universe that have turned against us, it is urgent that we nourish ourselves with another kind of energy if we want our species to survive. If we are to find meaning in life, if we want to save the world and every sentient being that inhabits it, love is the one and only answer. Perhaps we're not yet ready to make a bomb of love, a device powerful enough to entirely destroy the hate, selfishness, and greed that devastates the planet. However, each individual carries within them a small but powerful generator of love whose energy is waiting to be released. When we learn to give and receive this universal energy, we will have affirmed that love conquers all, is able to transcend everything and anything, because love is the quintessence of life. I deeply regret not having been able to express what is in my heart, which has been quietly beating for you all my life. Maybe it's too late to apologize. But as time is relative, I need to tell you that I love you. And thanks to you, I have reached the ultimate answer." In providing answers 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 Suze Orman makes any recommendations as to any specific securities or investments. All content 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 loss, which may arise from accessing or reliance on the information in this podcast and to the fullest extent permitted by law, we exclude all liability for loss or damages, direct or indirect, arising from use of the information.