folks next on dennis miller plus one we're going to talk to suzy orman says he has 24000000 books in circulation 10 books 24000000 all about how you can make keep save grow your money she got a new one the ultimate retirement guide for 50 plus winning strategies to make your money last a lifetime with a life expectancy go to you need to start doing that even more now suzy orman next dennis miller plus one. hey folks welcome to dennis miller plus one joining me is personal finance expert suze orman she is a new york times best selling author best known for c.n. be seashell the suzy orman show she has over 24000000 books in

circulation this like this like tom clancy if you knew how to operate a calculator and has a new book called the ultimate retirement guide for 50 plus winning strategies to make your money last a lifetime what's up kiddo are you doing the happy to be here with you and congratulations on your new show now well thank you and look at the beautiful backdrop you have the loveliest decor of anybody we've interviewed i don't know where you are in my living room my dad that's where we are right now but it's beautiful so that i like i love your taste and by the way if you write another book you're 11th book should be about falling personal bankruptcy in case people need to walk through it and every chapter in the book should be chapter 11. but you know there's also a chapter 7 i should have done that you know if there are 4 books ago right. but you know he's selling

a lot of you're not going to be finally bankruptcy so thin or sell a lot of trouble peeps in this read my daughter. all right well let's talk about the new what you know it's funny to me all these things have changed you know when marriage was 1st invented people would get married young and then they were living to 30 and it was a lifetime thing now before the ages moving up retirements moving up you might live to be a 100 now you have a much better chance you really do have to manage your money after 50 or not you do and the you know what's interesting about this book is that it came out that you were a 25th in the midst of this pandemic and it couldn't be more timely if it tried because what i've realized you know dennis i'm 69 now i know i look i don't say anything i know i know no really. and writing a book when here in your late sixty's about to be 70 about retirement is so different than writing one when you're 45 like i did my 1st book you've earned it

don't lose it mistakes you can afford to make when you retire if i was 45 writing for people who are retiring now don't work that way sure it was a good book but this book brings a whole different perspective to cuz it's free to get now old i'm going to 1st to tell you it's freaky i'm mostly speaking and so at least you need to have your finances together because you're going to have a lot to deal with the motional li speaking basically speak even psychologically speaking because you know now at this point in time you're getting older and you have elements and it's just not the same. why in a suit is what i was young i remember thinking i was so broke and i always thought if i get money i was smart enough to know that i was not blessed with an astute investment sets so early on even what i made by 1st money in my late twenty's i remember thinking just pay everything off though i know that flick solely to some people they always say oh no you should have but it served me well because it's 66

you know i didn't plant the flag on everest fiscally but i don't know and. i love that feeling but i have to tell you that's not me to killis because the goal of money dennis is for you to feel secure and if what makes you feel secure is only your own how a home outright owning your car having a lot of money in cash then that's what you should do because there's no right and wrong when it comes to money because if you're afraid you put it in the stock market and now the stock market starts to go down you sell out you lose money you do all these things that are just nuts one of my wealthiest clients that i ever had when i was seeing clients ruth carnacki she took all her money and she never did anything other than by treasury bills bonds and notes and she had a whole lot of money she didn't want to buy a house she always wanted to rent but she was happy she was secure she lived to her late ninety's and she never had a look behind me going oh i don't have enough money if the market crashes so money

is so personal and and your viewers should really understand that there is no right and there's no wrong with money so if somebody makes you feel like you're real dope because you are to invested in the market or you haven't paid off your home oh give me a break i'm sure you have far more money than the person who's giving you that it vice . we're talking to suzy orman and the book is the ultimate retirement guide for 50 plus wedding strategies to make your money last a lifetime why don't we go through what you deem to be $3.00 of the core tenets in the book give me some give me some susie orman advice. the very 1st advice i'm going to give you is don't buy the book and the reason i'm going to tell you that right now i know debt is going she says but is this we're going through a period of time where the majority of people out there they don't have any money you know they're living on unemployment they're there you know we're waiting for their stimulus check they're standing in food lines millions and millions of people

but yet you still need this information so my gift to you dennis on the start of your shows and everything that you have going on in your life right now is all of your listeners should go to suzee as you see each orman r m a n audio dot com and they can stream for 30 days my audio version of this book absolutely free it's 12 hours and 30 minutes of concepts that i know most of them have never heard before and really the book is about what do you do when you're 50 what do you do when you're 60 what do you do when you're 71 what do you do when you you're 80 the conversations that you need to have with your adult children who need to stop asking you for money you know there comes a time in all of your lives when you get older that your money needs to go for you and your needs and stop keeping these large homes so that your kids can come home

once a year and you have 3 bedrooms that are empty all the time downsize now can every penny that you can save now and invest is going to mean that you're going to be able to enjoy your ultimate retirement when you are 70809100 because chances are you're going to lie. live till about that time so you've got to now think about new ways of how to invest given that interest rates are at 0 percent so what do you do how do you get income how do you keep your money save all of that and so much more is in this book but they can now listen to it for themselves for free. to go what a nice offer that is that ok p a float in a in a tremulous for a school world i'm trying to think so when you were here or when you were i guess you get out with maybe your wharton gal i don't know your background so that the great but when you got out at the beginning they always say if you put

a little way way back when now you've told me you're 69 and i'm not speaking out of school there are the jiddu that that if pay off doesn't. know because you have to remember dad has so let you know a little bit about my background i was a waitress at the buttercup bakery in berkeley california to the age of 30 making $400.00 a month and and i had been a waitress from the day i graduated for 7 years i had been a waitress and i never thought i would be anything more than a waitress and when you're making $5000.00 a year truthfully you know back then this was like 1980 now when i was you know what 29 and it was you didn't have money to put away but oh my god i wish i had because the truth of the matter is let's say you are $25.00 and you're putting $100.00 a month away into a roth ira and a roth ira is simply

a retirement account that you can have with funding with after tax money so it all grows tax free for you and you put a $100.00 a month away every single month the same amount of money that you spend on starbucks i'm sure are $1.00 of your viewers does and you do that every. single month for 40 years until you're 65 with market returns of about 12 percent annual average rate of return which is possible given for the past 10 years before the cope it hit you were averaging 14.3 percent for the last 10 years would have $1000000.00 but if you waited just 10 years till you were $35.00 to start and i know what you're thinking you take $100.00 a month 12 $100.00 a year 10 years it's $12000.00 what difference can that make you would have only $300000.00 at the age of $65.00 so those 10 years cost you 700000 dollars and $100.00

a month so if everybody just understood the power of compounding that when you're young your money earns money and the money you earned earns money and earns money my god there isn't $1.00 person out there that if they started young enough that cunt be a millionaire. right you know i have the same remembrances as susie in that i tried comedy and i remember being around 25 or 26 and getting a w 2 you said 5000 w 2 said 7th and i've boy i have taken a very big risk here to try to be a comedian i hope this pays off and then not long after that i started to be elected get gigs and all that but boy there is nothing more unsettling when you're young although i must admit i don't know about you when you're away to sing at the place in berkeley i was a i was a happy camper what about you oh my god my dream was that i could be

a waitress for ever and because i wanted to be just like helen helen at the time was a 60 year old woman in her sixty's with the red beehive hairdo and she smoked and she was one of those ones that always wore an apron and she would walk around and she had worked there for ever and she was my idol because she was so cool she was so cool in the way she thought and i was as happy as could be and the only thought i had was god i've made these people who own this restaurant a lot of money because they took all my ideas they put them to work that was their restaurant and they ended up from this little place that i start they started with me and the old half the black by the time you know 7 years had passed and the only reason that id came a stockbroker is that all the customers i had waited on for all those years gave me $50000.00 to open up my own restaurant and told me to put it in

a merrill 2 lynch in a money market account until they could help me i didn't know what a merrill lynch was i didn't know what a money market account was and i went into merrill lynch merrill lynch is a fine firm but it had a crooked broker and randy within 3 months lost all $50000.00 for me because he was playing the absence marc. and i thought oh i could be a pro quo or they just make you broker cause i needed to get all those people back their money they didn't have any money and so i went in to interview for a job and red and white stress stripes sasuke pants tucked into my white house by boots in a blue silk shirt i was a size 6 back then asked at least i thought it was but anyway and i go into the manager's office and they hired me to fill their women's quota because they had 100 male brokers and no females and he tells me that he has to hire me but he's going to fire me in 6 months why because women belong barefoot and pregnant so i said to

him how much you can a penny to make me pregnant. said $5000.00 a month and i went $1500.00 times 6 that's $9000.00 that's 2 years at the butter cup they great take it and that was the beginning of everything in the night ended up suing them while i worked for them because i found out what they did was illegal but by the time it went to court i was a number 6 producing broker and the rest is history now you know my background while folks that's why i would rather have asked the person about their life because are you going to get as colorful a. formative winner as numerously is that you're not if you're just sitting there reading about so what tells is it gave me goosebumps i'm so happy for it but you know what those travails at the beginning boy when it they certainly knocked on your door and said you better caesar on destiny here because there's

a bunch of sharks out there swimming are out right well the thing is is that everybody has a destiny. and they just have to walk towards it and so many times like you $7000.00 a year being a comedian so when you hunger that's the time when you want to do that which gives you joy not that which gives you money because if you just go for money you're going to end up in haiti your job you're going to get stuck they are because you hate it then on weekends you're going to go out and spend the money that you made because you just hate working and it just becomes a mess will take a break susie orman's with us the new book is the ultimate retirement guide for $50.00 plus winning strategies to make your money last a lifetime more importantly right on the other side of this break we'll talk about what's going on that these are circumstances we have not seen what would be a game plan for somebody who has been thrown the ultimate curve and the job as susie said probably not going to be there in many cases we'll talk about it right

after this was susie armin and dennis miller plus one. secrets prisons are not usually what comes to mind when thinking about europe however he even the most prosperous can be deceived. there were 2 view houses were . located on only. the story for investigators she held the uncovered the darkest dealings of the secret services but i mean. the great of nor been. crying for justice on r.t.

. a folks welcome back to dennis miller plus one and the plus one today you know or as the the smartest size 6. ever saw. she says the arm of the new book is the ultimate retirement guide for 50 plus winning strategies to make your money last a lifetime and right before i went to break susie talked about the well the set of circumstances we have now unlike anything i've seen in my 66 years and what can somebody do nosers if if they kind of know they've been told the gigs brewing online and it's not there anymore yeah you know so before we went to pray queer

we're talking about really dennis how both of us went for something that we loved at all so we found a passion i didn't know i was going to love money intel i started to do it and it wasn't loving money but it was loving learning about money and helping people and being there and you were loving making people laugh but if he'll fill their souls so the may point is is that i know a lot of you out there are afraid right now because your job may not come back and you don't know what to do well now is it time that you might want to put the great reset button where maybe hated your job anyway maybe you were just doing it to make money now how do you recreate yourself and if there's something that you've always wanted to do and that maybe you could just go for right now especially when you still have unemployment coming in you still you know possibly don't have to be paying your bills and things like that and i get it i know you have to make money

and i know that you're like i just scrambling but i would like all of you to just settle down just a little bit and see what new opportunities are possibly out there for you and how to reach a regular life at this point in time just something to think about. you know it's you know it's an ironic dovetail as obviously i have my sons and through them i know a lot of people and so many of the things that were important to me when i was young . aren't as important as you know i was raised the hard drive thing was to get a home and get a roof over your head and for me i took the added step of paying it off i notice kids today are less concerned about stuff like that that might actually serve them here in that i don't know if anybody's able to cobble together in the l.a. area want to buy a $1000000.00 better get 250 $1000.00 to go there and jobs just aren't able to put that together as a down payment but i don't sense that

a lot of them do what do you what do you see in the younger generation now they're very different generation and it's it's a more mobile generation it's a more generation that they're well i tell 1 live to one another you know they don't have to have a home they don't have to be married they don't have to have kids they they just want to go on with their lives and a lot of them have a goal that they want to retire by the time they're 40 if they're very interested in this generation but if there was ever a time to get a deal on a rental property now is the time because many of the landlords out there have empty spaces because people who were renting from them just moved out they couldn't afford it and now they're actually lowering their rent by anywhere from 10 to 15 percent in areas such as l.a. new york because everybody wants to move out of the city because they don't want to live in a city anymore given that a lot of people now can work from home so they're moving further out where they

don't have to pay exorbitant rents and things like that so the good news is you're renting now is a great time because especially you might even want to move out where you are and strike a new deal with the new order go to your landlord and say i'm going to move out you need to lower my rent because i. everybody else is lower in rent around you so that's one way that maybe you can save some money but they're very different generation than all of us were not good not bad just different in their goals. do you think working from home and this is just stanek doto on my part i don't see that and since studies are that i was wondering if we'd be able to keep up whatever whatever rubric we used to judge or our. productivity do you think we can be as productive out of our own home as we can on an office oh my god i think we could be more productive about that yes because think about the time that you save so

already today i have done a leaven interviews today if brit who everybody had done it the way that we used to do it where i would have to go to new york i would have to go to l.a. i'd have to go in the studio and i'd have to sit there and maybe i could do one or 2 a day especially if one was a new york one was in l.a. that would be it but i've been all over the united states today so i've been more productive right for my little room you know wherever you know my living room or whatever room i'm in at the time right then traveling so i just think about every day people that they don't have to drive an hour to what are they really won't need a car necessarily in the same way they don't have to spend all this money and all these close to oppress all these people they don't even know or like they you know they don't have to worry about the shoes that they're wary that coats on when it's freezing outside the lunch that they're going to eat the having to go out to dinner

or out to get drinks with everybody after work to pitch it to all the parties that oh it's so and so's birthday today we're having to grab back a new pitch and i mean the amount of money that will be $8.00 individual. ali and the focus because obvious and you're not looking when somebody walks by you're not noticing what they have on your not all i think you'd be 10 times more productive and you could be with your family you might even be able to stay at home and not have to have that somebody take care of your one year old and 2 year old so your south louis is going to do what pay bailey for a nanny oh no i think it would be the best thing that ever happened to people absolutely i would tell the kids out there watching if it aged $21.00 you start of voiding one grab bag a month by the time you're 65 you'll be a millionaire i've seen a study on that if i'm not mistaken by the way when i was young my goal was always

to be in the top 10 interviews you did on any given day so to know that i'm right at 11 right on the brink but the next time i touch i might even be 9. you know what . but you get like 1111 is our number for this interview. i'm telling the 11 as our number but you know numerology 11 is a master number so we're more in sync with the universe that is we're just in so i can tell you've got the i can tell that your mind has a bit of a rain man thing probably when you were figuring out tips when you were a waitress or i can see you project things out to the 6 times 125 a and i have a little bit of that i always i don't use the as a calculator when i can avoid it because i like that it's like a soup of puzzle or something in my head are you really quick with the figures i'm very quick with the figures but when i'm in love figuring is when i used to go out

to eat none of us do anymore i used to like to sit in a restaurant and count the number of tables and the chairs and look at the price of the menus and figure out how much per night that restaurant brains in gross i used to love that for some reason it was my favorite thing i used to count drinks to when i would go out with people because i don't think i would count he had 3 traits she had 4 traits can you believe it 6 trunks i don't know i would always just keep track of how much many drinks each person would have. and then i would total up how many calories that is. yeah i think at some point you should become good friends with hero cd or at least because i think like that and i knew i had to ship my mom so you know what you're bracelet just have a little fun with it a tell me about the podcast women and money once again there's another thing the podcast made for home but he's gone everywhere to do a podcast so that it was with the times right yet fabulous but you know the exact

title of the pod cast is women and he and the men smart enough to listen. when you talk about money he can never just talk about money for one sex you know a lot of women are married to men i've never figured that out but that's all right that doesn't matter but there are 2 of them and so the number one reason for divorce is arguments over money so we never want to educate women and not educate then as well so we have a slew of men that come and it's a fabulous podcast it's on twice a week recently you know in the past few months now we've had over 6000000 downloads so people are loving it because it not only deals with what to do with money and it would have told you 4 times last year that february was going to be a serious down month in the market so to be very very careful and then once it

happened you would have learned do not sell do whatever it would have told you to buy an oil stock like an oil e.t.f. and you want to make $45.00 or 50 percent on your money so i go from hardcore finance to the emotions of money to all kinds of things to talk about financial abuse and it's really i love it so much and we have a women and money app and the men smart enough to use it that if you just went to you know either go go play or apple apps and you search for suzy orman you'd be able to download it and that's where you can ask me questions and we have a community and search all the pod cast by topic if you want and it's that a whole lot of fun and i love doing it so much so. i was wondering. what do you notice or is the stuff say what do you notice in the difference between men's approach to money and women her has all but flattened out now that so

many women are in the workforce you know i go back to the dick van dyke show and stuff like that you know even the talented laura stated oh but i do notice that it's off do you think that i haven't had in doubt i wish i had flattened it hasn't that you know men are fabulous financial fakers fabulous and that they pretend to know what they should be doing with money and what's interesting is that the women they usually still to this day. if they're in relationships if they're by themselves not in relationship fabulous with money they're actually better than with it than men they really are into everything they're not as risky as men but that's good because they make great investors women do but if they're in a relationship with a man then a woman still even if she's making more money than the man she takes care of all

the household expenses because the household everything that she loves and it's the man that takes care of the mortgage when getting it enough and you know investments and what they should be doing and i'm like are you just kidding me i can't just plain stupid and i always tell him i can't fix stupid because where does your husband get this is advice from from joe who got it from jam who got it from whatever and you could tell because of bernie made off how did bernie made off get so many people to invest in him and it usually came from a husband hear it from this friend who got and the guy let's do this in the wife going on oh no that doesn't sound so good to me and i can't we don't know we got to do this and so so things still haven't changed as much as i wish they

should have or could have but i still have hope now listen it's good to talk to you i don't see you all that frequently because look happy you're in love and congrats to the i know the gay community had a great moment i don't know when this will run but i'm talking about last monday with the you know putting them under the heading of the 64 civil rights act some happy for that and you look a 1000000000 radiant in a new book is the ultimate retirement guide for 50 plus winning strategies to make your money last a lifetime the talk to susie and that is a friend. and that is susie orman astonish miller plus one.

thank you greetings and sal you take all right well well well welcome back hawk watchers from the hiatus i hope everybody is safe and sound happy and healthy out there in news t.v. land there is there is however one group out there we know are definitely not healthy and they're certainly not happy and that my friends is all of our historically racist statues and memorials here in the united states of america yes activists and protesters across the nation over the last few weeks have been tearing down these idiotic idols and relics to.