Suze Orman's Women & Money (And Everyone Smart Enough To Listen)
Suze School: Financial Solutions if You’ve Lost Your Job
23 Feb 2025
Do you know how you will pay your mortgage, buy food and handle your other must pay expenses, if you lose your job? Make sure you have your Suze notebooks with you for this episode, as Suze gives you all the steps to take so you can survive and rise through this painful situation. Jumpstart financial wellness for your employees: https://bit.ly/SecureSave Protect your financial future with the Must Have Docs: https://bit.ly/3Vq1V3GGet your savings going with Alliant Credit Union: https://bit.ly/3rg0YioGet Suze’s special offers for podcast listeners at suzeorman.com/offerJoin Suze’s Women & Money Community for FREE and ASK SUZE your questions which may just end up on the podcast. Download the app by following one of these links: CLICK HERE FOR APPLE: https://apple.co/2KcAHbH CLICK HERE FOR GOOGLE PLAY: https://bit.ly/3curfMISee omnystudio.com/listener for privacy information.
Full Episode
All right, listen up to me, everybody. Interest rates are not going to last. They're going down, down, down, down, down. So I want you to take advantage of the 12 to 17 month CD at myalliant.com. You have to look at it. So much higher than treasuries. I cannot even tell you. So currently, they are paying for amounts of $1,000 to $74,999, 4.25 APR for $75,000 and up. It is 4.30.
4.25. 4.25.
4.25. We are strong.
We are strong. We are wise.
February 23rd, 2025. Welcome everybody to the Women in Money podcast, as well as everybody smart enough to listen. I would highly suggest since today is Susie school, for you to take out your Susie notebooks. If you don't have one, I most certainly would take out paper and pen and write down the things that I'm going to talk to you about today. Let's first go to a Susie story.
I want you to put yourself in this situation. You have worked for a company for the past year. 10, 15, 20, 25 years, maybe even longer, and you feel secure, you're solid in that company. You've given them everything that you have, and they've been good to you. They've provided you with a paycheck, a retirement account, all kinds of things that have allowed you to do what? Maybe buy a home. Maybe
Maybe buy a car. Be able to put money away in a 529 plan for your children to send them to college or whatever it may be. And of course, if you bought a home, most likely you still have a mortgage on that home. Or you financed that car. Because very few people today, honestly, can buy anything outright.
Even though you've been really trying hard to take my advice and get yourself an eight to 12 month emergency fund, put money away, make sure if anything goes wrong, you have at least eight to 12 months to get you by. Because if you do lose your job, it could easily take you eight months to a year to get another one. But even though you've been trying to do so,
You just have maybe managed to save a month or two of must-pay expenses. You have some credit card debt, but really not a whole lot. And here you are happy because you are just getting by. Yes, yes, it's true that the cost of food and everything, your insurance policies, all of that have gone up.
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