Classic Suze School: Don’t Make This Mistake
episode
Suze Orman's Women & Money (And Everyone Smart Enough To Listen)
20 min
2 speakers
7 chapters
transcribed 2 months ago
Transcript
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Transcript generated automatically by AI and may contain errors.
What is the main topic discussed in this episode?
July 16th, 2026. Welcome to the Women in Money podcast, as well as everyone smart enough to listen. Hi, everybody. Robert, the producer here. Hope you're staying cool and safe. For today's Classic Susie School, we are reaching way back to the very first year of the podcast from June of 2019.
What is the purpose of this Classic Suze School episode and when was the original airing?
I want you to keep that in mind. And Susie will mention the month and the year in the middle of the show. This was before we added an everyone smart enough to listen to the title of the show. And this was also before KT started being your avatar and reading your emails to Susie. So you'll hear Susie mention the original title of the Thursday episodes. The lesson is what's important. So please enjoy this classic Susie School called Don't Make This Mistake.
So today I want to talk about finances with you. And the reason I want to do this is I am pissed. I am pissed at the number of emails that I am getting from teachers and nurses to groups of women, mainly women. And I understand there are men in this group as well, but the emails are all from women. So I'm going to address women on the Women in Money podcast that are talking about you,
Why is Suze 'pissed' about financial advice targeted at teachers and nurses?
are being suckered into investing your money in life insurance policies for you to save for your future. How many times do I have to tell you that life insurance is life insurance, investments are investments, and they never, ever, ever should be combined? It's one thing when you're getting a life insurance policy or an annuity or something like that that's giving you lifetime income and that gives you security. There are places for that in your life, but there are no places in your financial life for you to purchase an insurance policy where you invest in this policy to get tax-free income later on in life, to get growth, and to replace retirement savings for you. It is driving me crazy. I don't like getting the emails that I am currently getting, which tells me so much about the bad financial advice that happens to be out there.
Now, I get that people love to make a target out of me. I get that. I get that sometimes magazine articles can be written about me and just say, what does Susie Orman know? Well, here's what I know. I know that I care about you. I know that there isn't one other. financial expert at my stature that takes their personal time to answer your emails.
Why does Suze say life insurance and investments should never be combined?
I know that most of the money podcasts that are out there are out there for what? for getting your money so they can make you their client. They're talking to you about this. They're talking to you about that. But most of them are not talking to you about the fact that you don't have any money. All you have is credit card debt. You've been in a relationship for 30 years and now that relationship is down the drain. And how do you start over without absolutely nothing? Now, this is a one-of-a-kind podcast. This is a valuable podcast because in this podcast, you and I talk about the things that most other podcasts don't even go near. Most other magazine articles don't even go near. It's about you, yourself,
Your money, what your money reflects in your life, how you never fix a financial problem with money, and the gift of understanding who you are and becoming the strong, smart, and secure women I all want you to be. That gift can turn your life into solid gold. But that can't happen if our teachers and our nurses are all being taken advantage of. Now, here's what I'm going to do today.
What happened to Denise after 27 years of paying into a whole life policy?
Two people have written me and here's the first email. It's from Denise. She says, Hi, Susie. This product was sold to me as a savings account for nurses. It is actually a whole life insurance policy. I bought it as a new grad nurse in 1992. It is $75 a month. What do I do with it? The reason that I chose Denise's email and question to read to all of you, even though I know this isn't Ask Suzy, this is about Suzy's pissed off about something today, and I want us all to go to Suzy school. I'm reading this to you because this is what will happen to you 27 years from now, because that is how long Denise has been paying for this.
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Chapters
7 chapters
1
What is the main topic discussed in this episode?
0:09–0:27
2
What is the purpose of this Classic Suze School episode and when was the original airing?
0:27–1:35
3
Why is Suze 'pissed' about financial advice targeted at teachers and nurses?
1:35–3:13
4
Why does Suze say life insurance and investments should never be combined?
3:13–4:34
5
What happened to Denise after 27 years of paying into a whole life policy?
4:34–9:44
6
How would investing $75/month in an index fund have compared to Denise’s whole life results?
9:44–14:11
7
What warning signs did Turquoise describe after buying a life insurance 'investment'?
14:11–19:53