When I was young the mortgage rate was high, I have seen gas prices go up and down, but I have never seen food prices escalate like this.
@mightymommom58884 ай бұрын
Food, beverages, clothing, personal care items, it’s all ridiculous.
@mondocjenson-dy8zd4 ай бұрын
The FSK bridge collapse in Baltimore will impact the Food and Auto industries amongst a few
@shauntampa4 ай бұрын
Stop voting democrat
@laurijohnson77544 ай бұрын
@@mightymommom5888 then they say inflation is stabilizing. I guess these officials don’t go grocery shopping
@laurijohnson77543 ай бұрын
They got high in the seventies. Meat was through the roof
@xlerb2286 Жыл бұрын
Very glad I've lived under my means and have no debt. That doesn't make me immune from hard times but it's one big thing off the list of things to worry about.
@elmobolan42745 ай бұрын
We were debt free for a while, then numerous issues that happened to our hm is less than 2 yrs, and boom, we are now back in debt...
@Tamar-sz8ox5 ай бұрын
Good on ya ❤
@Tamar-sz8ox5 ай бұрын
@@elmobolan4274I hear you loud n clear . Just hang in there . We didn’t come to this earth to just pay bills and be stressed . Go for a day trip somewhere -locally- pack and lunch and enjoy life ❤
@scrambaba5 ай бұрын
Actually interest rates are normal. The problem is that they have been abnormally low for 15 years. People are addicted to cheap money and living beyond their means. Low rates have distorted the whole economy. But things will adjust as they always do. It will take time to get rid of all the dirty speculators in real estate and stocks, for example. Once demand drops, prices will moderate.
@henrykemka21644 ай бұрын
People are indeed used to the unusually low interest rates and are unable to readjust financially.
@shauntampa4 ай бұрын
Rates should be low. We live in the greatest country in the world.
@scrambaba4 ай бұрын
@@shauntampa Do you have an argument?
@kellyyork38985 ай бұрын
Reminds me of the 1970s when gas prices were extremely high, long lines around the block at gas stations, inflation was out of control, and interest rates on a new home were at 18%, and that was low.
@philipgerry52285 ай бұрын
I remember the 70s inflation and interest rates too. The current situation is bad, but not as bad as the 70s. The kids think we had it easy and they’re cheated.
@Acccountable5 ай бұрын
@@philipgerry5228 If you have in the human toll, it is, look at the border.
@MoonMan19564 ай бұрын
@@philipgerry5228 Things are worse than they were in the 70's.
@rebeccaburke38644 ай бұрын
I totally agree except I don’t remember the food prices being extremely high in the 70s
@philipgerry52284 ай бұрын
The food was relatively expensive. Much lower than today’s food prices, but wages were much lower in the 70’s.
@focusedfreebird Жыл бұрын
Pay cash and you won't need an interest rate.
@tinabrenner3562 Жыл бұрын
Or dont buy and save 100 percent 😂
@jericherry33745 ай бұрын
Easier said than done.
@MrWaterbugdesign5 ай бұрын
@@jericherry3374 Absolutely more fun to spend, spend, spend, That's the problem. That's why this video is dumb. Inflation was not in any way a serious event in the US the past couple years. In 2020 wages were up 8% while inflation (CPI) perked in 2022 at 9%. Jan 2924 wages were up 4.5% and inflation (CPI) was 3.4%. Not every dollar of wages goes to buy inflated items. For example 33% of the inflation number is shelter but for the 66% of Americans who own their actual shelter cost didn't change hardly at all. In fact with their wage growth and home values going up with inflation their net worth has increased a lot. Those with mortgages have had wages increase while their payment stayed the same so that payment in buying power is lower today.
@suen50065 ай бұрын
@@MrWaterbugdesign Depends on who you are and what you need to buy. Rent and housing is still way up in most places, but there are exceptions.
@Mo4Honesty5 ай бұрын
@@MrWaterbugdesignthat's ridiculous. Even if you have a mortgage, home insurance goes up, lately by an astronomical amount. Auto insurance, healthcare, property taxes, which are based on the increasing value of your house. Home services need to be done and are increasing. I could keep going...
@bonniegaither39945 ай бұрын
And I hope people learn that you need to save up during the good time so you can get through the bad times.
@aliosman59945 ай бұрын
Absolutely agree! I will never be not frugal. It’s the only reason I can weather this storm by being savvy.
@MoonMan19564 ай бұрын
They were warned, but they either didn't listen or ignored the warnings
@sct40404 ай бұрын
Yes, i saved for 1 year of emergency fund in case of layoffs.
@MoonMan19564 ай бұрын
@@sct4040 That's a great (and smart) accomplishment. Congrats. Now, if you haven't, start stocking up on food and supplies. You'll be even further ahead of the game.
@laurijohnson77543 ай бұрын
Yes! I have a lot of Suave Bodywash I stocked up on back from a couple of years ago that I got for .99 apiece. Now that same bottle is 4.49!!! Why?
@calr44595 ай бұрын
I’m old enough to remember 15% mortgages in the 80’s. I just got a credit card offer (FICO 805) of 29.9%!!!!? THIS is USURY!!!. How do banks get away with this. Most savings accounts offer less than .05 interest. Pure greed. Only 8.5% of credit card debt and 7.7% of car loans are delinquent. “ It’s time to buy”
@addiecobb53515 ай бұрын
We must be about the same age. My mortgage interest rate in 1980 was 13%. I have the same FICO score, and I am stunned to see the interest rate CC companies offer. It's criminal.
@calr44595 ай бұрын
What is amazing is that back then you could get 10 and 15 % CDs! Now a 5% CD is a rare find. Hmm?
@MrWaterbugdesign5 ай бұрын
What you call "pure greed" I call capitalism. Credit cards have always been for people who make poor choices. No one is forcing anyone to get and use these cards. 99% of purchases are for fun crap people don't need. Credit card default is currently 3%. 49% of credit card holders carry a balance month to month with 51% not carrying a balance so the banks make nothing on them. That leaves the 46% of holders covering the loss of the 3% defaults and the management of the 51% smart enough not to carry a balance. Banks do normally make a profit, but it's not some huge crazy amount. Congress could pass a law limiting credit card rates to something like 10%. I think a great idea. But that would certainly end credit cards completely because the losses would be too huge. I assume the morons would scream they want their cards back.
@calr44595 ай бұрын
Anybody remember credit cards with a 29% interest rate for those with an excellent FICO score in the past 50 years?
@mgb51705 ай бұрын
Talk to then Senator Biden of Delaware how his legal team supported the incorporation of credit cards in his state (and two others), allow for arcane legal loopholes preventing credit cards from being capped nationally at 5% range. It used to be illegal. it hasn't been for the past 35-40 years thanks to this work.
@Bonsai-Miata20205 ай бұрын
living beyond their means and borrowing money is the problem
@thegodblogger3812 Жыл бұрын
You cannot control inflation, no matter how much you whine. Your primary control is over your income and your debt obligations. Gotta maximize income and minimize debt. Period.
@tylertyler82 Жыл бұрын
Find ways to save money. Learn to grow your own produce, vegetables, herbs, etc. Shop at Marshall’s or Ross instead of Macy’s. Buy a new phone or computer every 5-10 years instead of every 2 years. Little things add up. I refuse to let corporate America and their inflation bring me down.
@Investormillard Жыл бұрын
Depression is here!
@bapi66434 ай бұрын
I have a relative (who shall remain nameless) who used the equity in his house like an ATM to live a lavish lifestyle. Then he lost his job and the whole house of cards came crashing down. He didn’t change his spending at first but in a short time he lost everything. Eventually he lost his house to foreclosure and lived with a kind friend for over a year until he wore out his welcome . He lived off the largesse of family and friends until they (we) too said enough is enough. Did I mention that he has a wife (who at first refused to look for a job) and two children . What he has done to his family is unconscionable.
@cjhoward4094 ай бұрын
My neighbor was doing this 3 years ago and I tried to warn them. They were spending like they were in Congress and giggled and bragged about their lavish vacations and new truck and trailer blah blah blah. Now she’s being a whoa is me and crying about what are they gonna do. 🤷🏼♀️🙄
@tonylevine27164 ай бұрын
Still married? 🤔
@CombatVeteranUSNAVY Жыл бұрын
New car prices are not coming down in New Jersey. Car dealerships are charging between $2,000 and $5,000 over MSRP, depending on the model.
@clemfarley7257 Жыл бұрын
Thank you for the info. I’m in NJ and I’m looking.
@jdenino6022 Жыл бұрын
I'll keep my old car, it runs fine.
@bradhampton64575 ай бұрын
IF dealers want $2-5k over MSRP then you have a choice… there’s no way I’m going to give them $5 over MSRP. I’ll walk first. Screw that.
@jimmycarter90994 ай бұрын
Buy a old car fix it up the crazy thing is I’ve been poor my whole life now here I am finding myself retiring soon crazy ant it . I’ve watched people build big houses new boats crap gos on and on I e always drove the old cars truck s and now after 38 years of srugling I am finally going to have something. I’ve sat back for years and done without and now it’s time for me to have a few things I’ve wanted for years
@lili2u4055 ай бұрын
Don't forget how grown children think that their parents can afford to pay their children's bills & their own bills at the same time.😭
@puravida56835 ай бұрын
Thank the Federal Reserve Bank, a private bank with major banks as shareholders! And, thank your politicians for allowing this to happen, with no accountability.
@aarmancuda35704 ай бұрын
truth!!
@jonny777bike5 ай бұрын
I went through a bankruptcy and had it discharged by the courts. Now I have one credit card and I don’t use it at all. I have put a lot into robinhood in etfs and stocks that get me dividends. I’m dropping pnc because they charge me 7 dollars a month in fees because my balance is not at 500 and will be using SoFi. I’m building up my emergency funds as well. Next I need to get some veggie seeds and grow an indoor fruit and veggie garden.
@dcg5905 ай бұрын
So you dumped all your debt on everyone else. Thanks
@lgee90275 ай бұрын
Well the Donald did too and people want him over Biden, so see its not that bad😮😮😮
@Albert-7775 ай бұрын
@@lgee9027lets go Brandon 👎🏼👎🏼
@Susie-QSlotsVegasStyle-th4wc5 ай бұрын
for those who save - CD rates are very nice 5.4%
@locomoco2012 Жыл бұрын
The reason for interest hikes is to bring inflation average low. So, yes, inflation is reason for interest hikes. Unemployment will continue for rest if 2023 n 2024, food prices will increase, rent will continue to be unaffordable, crime up, homeless rates up, drug and alcohol consumption up.
@SuzanneU Жыл бұрын
Joblessness is decreasing.
@suen50065 ай бұрын
Unemployment is a record lows and has been for some time.
@locomoco20125 ай бұрын
@@suen5006 not true you know the formula government use is to make it more attractive. Kinda like a recession two consecutive quarters of negative growth is a recession but with Biden administration we are not in a recession. Baby boomers retired early and now we need people to work in all sectors of the economy. Law enforcement, military, medical field, nurses, bus drivers, crane operators. Tree ✂️, maintenance man, hvac and plumbing.
@user-qe6io2mm1l5 ай бұрын
You are correct, Suze is not. Inflation is the reason for higher interest rates. Biden’s inflation these past three years is killing us.
@tonylevine27164 ай бұрын
A President is responsible for interest rates?
@tmm2264 ай бұрын
And yet, Delta airlines is expecting the biggest summer travel in its history, stores, bars, resturants, cruise ships... Full....
@laurijohnson77545 ай бұрын
Not talked about but those in the stock market are doing well. My IRA is up 20 percent this year. I’m retired and it’s my disposable income. When we go to restaurants at least 90 percent of the people in there are elderly. We are who is keeping many restaurants afloat. It’s the one part of the economy doing ok for now
@dorenewhitacre19084 ай бұрын
I'm amazed how they constantly come to the table to see if you need anything. Older folks tend to fork over lots of tips to various employees at the restaurant where so many seniors go. LoL fun fun!
@jillmartin5734 Жыл бұрын
What about gas prices, still too high!
@dem4life11 ай бұрын
Thank the Saudis for cutting one million barrels a day!
@suen50065 ай бұрын
They have come down some from their highs. When you factor in inflation, they are about what they were in 1950s in the US.
@laurijohnson77545 ай бұрын
Thank our president for cutting oil production in our country!!
@ghostly8364 ай бұрын
Needing a new car is what hit me recently. The pain is real, but in the US we need a car to get around. Luckily I have some dividend stocks to help cushion the blow.
@ohcanadaeh Жыл бұрын
Why save up before spending. Minimize the use of credit. All those people described in the video by the host have spending problems and they should not blame the rising interest rate.
@bonniegaither39945 ай бұрын
It’s almost like she giving them an excuse for poorly managing their money.
@elizabethstewart5524 ай бұрын
I disagree. Everyone can agree that literally EVERYTHING costs more - as in double. Food prices are out of control. Just daily living. It’s not just interest rates. It’s people just trying to live.
@dianabinkowski3927 Жыл бұрын
I only have a mortgage and pay extra principal payments almost every month. I have no car payments, no credit card debt, etc. I have $85000
@mrjuvy49 Жыл бұрын
You are doing the right thing, we are paying the payments and sending in a Christmas gift to ourselves every December. You'll sleep well at night
@tylertyler82 Жыл бұрын
How much extra over principal do you pay? Do you know how many months/ years ahead you will be?
@mrjuvy49 Жыл бұрын
@@tylertyler82 Yes, my last and I hope final re-fi was done in July 2021 for $236K at 2.75 15 yr fixed. I simply sought out an amortized program and we will contribute $19k each December to reduce the "principle". By doing this, we have effectively cut years off our mortgage obligation. The company shows you a regular amortization fable, then compare and rejoice that you are getting out of debt faster.
@1qtpie Жыл бұрын
@@tylertyler82 There are mortgage calculators online are you can enter different additional payments to principal and it will show you how much you interest and time you will save over the life of the loan.
@KPad87 Жыл бұрын
How much is in your Roth IRA ?
@annbet3684 Жыл бұрын
We are spending on food gas heat
@ebones69574 ай бұрын
Gas and heat? Bet you have a new car, house, cell phone,fancy clothes too. Which would you give up first? Think about it.
@JoshAmes19805 ай бұрын
Suze, interest rates aren't even historically high. What's happening is that these corporations have been merging with each other for decades and now have monopolies on their markets and can charge anything they want.
@vickyharris225910 ай бұрын
People spend money on Gucci shoes and something equally foolish
@user-rl3tn1uh3p5 ай бұрын
So glad I have gotten out of the paycheck to paycheck trap. I pay cash for everything. Interest rates are what banks pay me.
@r.pres.41214 ай бұрын
I only have a debit Visa card from my checking account. I do not have any credit cards and want nothing to do with them. Credit cards can be addicting that is why so many Americans are in debt or in bankruptcy.
@dorenewhitacre19084 ай бұрын
I'm 66 and have never had a credit card.
@gogogirlmandy5648 Жыл бұрын
Everything is more expensive now, bottom line..costs for energy, food, insurance, health services etc is still inflated. Is there a slight leveling technically from the highest high..yes depending on where you live. The damage is done. But that seems to be a play on words with real costs, “going down” or “leveled out”…is calculated from what to what? True, now add interest rate increases on top of that..I don’t know how people are doing it. Families that have planned their finances correctly are losing their savings all around with these two realities fractured in..gosh Suzie. However, having an energy savings is a good idea and not use credit cards, but families are stressed with both realities impacting them at once.
@suen50065 ай бұрын
Most people have too much car and spend too much money on eating out and unnecessary things. I realize some people have cut to the bone but even with poor people I see a lot of foolish spending.
@YourRichAuntie4 ай бұрын
I loved Suze Orman growing up - I remember when she was on cable television and she'd answer viewer calls. My mom and I would watch her together. 20 years later, I am a Wealth Manager and Suze Orman was definitely one of my inspirations to pursue this field! I am glad she's out here still giving advice - this next generations really needs consistent advice
@Raymondjohn2 Жыл бұрын
To my understanding this just proves how much we need an edge as investors because playing the market like everyone else just isn’t good enough. I've been quite unsure about investing in this current market and at the same time I feel it's the best time to get started on the market, what are your thoughts?
@usieey Жыл бұрын
Since the crash, I've been in the red. I’m playing the long term game, so I'm not too worried but Jim Cramer mentioned there are still a lot of great opportunities, though stocks has been down a lot. I also heard news of a guy that made $250k from about $110k since the crash and I would really look to know how to go about this.
@maga_zineng7810 Жыл бұрын
There are actually a lot of ways to make high yields in a crisis, but such trades are best done under the supervision of Financial advisor.
@Mohaimam316 Жыл бұрын
Thats true, I've been getting assisted by a FA for almost a year now, I started out with less than $200K and I'm just $19,000 short of half a million in profit.
@usieey Жыл бұрын
Impressive can you share more info?
@Mohaimam316 Жыл бұрын
My advisor is ‘’Catherine Morrison Evans’’ she’s highly qualified and experienced in the financial market. She has extensive knowledge of portfolio diversity and is considered an expert in the field. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market
@johndautremont37485 ай бұрын
Suzy is still full of it. 😵💫😵💫
@ebones69574 ай бұрын
But Suzy isn’t the one complaining.
@alphaomega13515 ай бұрын
Get the banks 🏦 out of the equation. Then prices will be based on how much people earn and save, and not on how much they can borrow. 😳
@ebones69574 ай бұрын
What they need to do is lower the interest rate on necessities like , mortgages, used vehicles, and healthcare while raising interests rates on credit cards, and eliminate home equity credit. People need to focus on needs and less on wants. You don’t need to remodel your house or need to buy a new car. It’s ok to buy wants if you have the cash to buy, this helps the economy. Spending on credit just causes inflation making things cost more for everyone. Live within your means!
@bonniegaither39945 ай бұрын
And that’s a whole other issue, that somebody “needs a car”. We need better public transportation so people don’t have to “need “a car.
@mattpage24644 ай бұрын
suze inflation will be a problem for a long time with the way we are printing money america is finished the good old days are coming to an end and so is the dollar
@mightymommom58884 ай бұрын
I don’t agree that inflation isn’t really a problem. Items we need such as food and shelter are outrageous, out of reach for people.
@ebones69574 ай бұрын
It’s just “supply and demand”. People are buying things they don’t need on credit, then complain they cannot afford necessities. The people who sell food, gas, toothpaste, bottled water, etc., see consumers buying big ticket items like cars and houses on credit say to themselves “ why shouldn’t we get some of that surplus money” and raise prices accordingly. Unfortunately, even the people who live frugally because of this.
@ebones69574 ай бұрын
Inflation isn’t the problem, it’s the result! People can borrow money on credit and keep spending The fact people are hungry means nothing, they still are spending on cars and homes (the economic indicators). The fact they have no money left for food just means they would just rather spend money on their new cars and houses. The show of extra money available for luxury spending tells the government that you can afford higher taxes. Just keep spending and borrow more, it,s good for everyone, but you!
@lukelewkowicz2233 Жыл бұрын
Why not take a decent, honest look at ourself in the first place ?. We are the primary culprit in the whole eqaition. Its our wery own gullibility for ever desire more stuff like it was the imperative to our existance with no end in site. In real denomination this is greed.
@ProCoach23735 ай бұрын
Bologna, it's a combination of inflation and rates. Prices and rates are BOTH UP dramatically. Double whammy....Eventually it will curb spending. How could it not?
@ebones69574 ай бұрын
Only if people stop borrowing. It’s been shown, as long as credit is available, people will use it regardless of the interest rate. This is true of our government, they just print more money.
@ProCoach23734 ай бұрын
@@ebones6957 While I agree it's similar to an alcoholic saying one more beer at the bar, at some point people run out of the ability to borrow. Meaning, their monthly debt payments outweight their income. The government is a completely different discussion. LOL
@roberttompkins64895 ай бұрын
Yes, but higher interest rates means better interest on CDs etc? So it helps saving Suzie. She should know better.
@ebones69574 ай бұрын
People who overextended themselves always cry foul but only after they realize their mistake. Their suffering is not a result of them being bad people, its just a consequence of poor judgement. Use it as a learning experience. Unfortunately some mistakes affect everyone because some people never learn.
@charlesbailey55797 ай бұрын
I try and use my credit cards for every purchase. I always pay the full balance off, every month. I purchase discounted gift cards through my rewards. Not using your credit cards is silly. She used to sell access to your FICO score (even though you can get it for free) and say how important your score is. Well, if you don't use your credit card or have a fixed rate loan, how are you going to get a credit score. She gets me so mad. Is she selling emergency fund accounts, now? She always says a little bit if truth but puts down the viewer, so they look to her for guidance, and, she is always trying to sell something.
@dorenewhitacre19083 ай бұрын
I'm 66 and I have never had a credit card
@Paleface3243 ай бұрын
The upside of high interest rates is CD's are finally paying decent interest rates. A lot of retirees have their money in CD's, so it's helping old folks.
@uf19785 ай бұрын
The only interest one should be concerned about is with their savings, not their stupid spending.
@williamchampagne2684 Жыл бұрын
It’s real!
@joycebarnett60355 ай бұрын
When rates were low everyone got spoiled tapping into their homes now if they refinance and pull money out their rate will shoot to 7 percent versus 3 payment goes way up. We are all trapped it will be interesting to see what happens.
@David53D5 ай бұрын
That's only for debtors while savers and frugal spenders benefit by high interest rates.
@hugohabicht9957 What has Trump did in four years??? Literally everything came down after the lockdowns and we all know who actually WANTED that.....
@pitchblacknext10 ай бұрын
@@cheezedoodlenygguh6229yes things went down in the years AFTER he was president. Which is when the effects of a president policies can ACTUALLY be seen. People seem to forget how damn slow policy change takes in this country (thank congress and your senators oh and lobbying) Also what did he do? is right. A whole lot of nothing. Lockdown wouldn't have been needed had he not lied about covid existing (we can argue how bad it was. But you can't deny a covid virus existed) him and other politicians knew about covid and that it had spread to the US but waited until they sold stocks and investments and didn't inform the public or restrict travel until MONTHS after the virus when they made sure thier business transactions were taken care of and wallets were fat and the virus had spread already. 4 years and no better replacement for Obamacare or universal healthcare was even initiated. His wall never got built and Mexico didn't pay a single penny for what did get built, working class Americans did. Two of his biggest talking points. Failed to deliver. His voters got conned. They're about to vote for him to con them again too. Dems are pretty damn terrible too but dont act like Dickle Dump is more golden than the other turds in the toilet bowl.
@davidbrooks88095 ай бұрын
People just like to overspend "you only live once" " you can't take it with you" .. and then married couples borrow money from me because I like to save😂😢😮😊😅
@suen50065 ай бұрын
You simply have to buy an older and less expensive car. Get a loan from a credit union.
@joegibson60415 ай бұрын
I used my credit to buy inventory that no one is buying anymore. All my money is going straight to interest. I will need to sell my home to survive.
@sherrycallaway4 ай бұрын
Insurance rates on homeowners insurance. Mine doubled this year and When I shopped around I could not find anything any cheaper
@ebones69574 ай бұрын
Insurance premiums are based on cost of replacement, so are house prices. People are buying bigger and better houses because they can buy on credit. Don’t buy a bigger house or car than you can afford. If people followed this advice, prices would come down. It’s a case of “what the market will bear”. When you rely on someone else to tell you what you can afford, you are in trouble. Remember, the more the lender can get you to borrow, the more money they will make (at your expense).
@lawrencefeldman4625 ай бұрын
No cash no money for stuff... charge it 😭.
@martinshelton12475 ай бұрын
This is not about leaving below your means it about high interest rates affecting the America peoples. If interest rates goes up that effective the buying power of the peoples.Is the system is effective the people.
@WayOfTheZombie6 ай бұрын
Credit cards are a big gamble for the uninformed and uneducated
@BunnyRabit-yo3lx4 ай бұрын
It's impossible to have enough savings to cover a crisis for these times. It's a societal issue that needs solutions at the top level.😢 People look out for each other.
@laurijohnson77545 ай бұрын
Wake up! Pay off all debt, stockpile food and necessities and live below your means.
@laurijohnson77545 ай бұрын
Inflation isn’t a problem if you have no debt
@johnsradios4845 ай бұрын
Listening to Suze Orman will keep you poor!
@sparklemotion865 ай бұрын
Rich person trying to convince the rest of us that corporate greed is not a thing 😂
@suen50065 ай бұрын
Oh I think she knows it's a thing, but what can we do about it?
@quiltanon5 ай бұрын
Several things you can do...live below your means, cut out all unnecessary purchases, buy generic products at store, walk or ride a bike instead of driving a car, recycle aluminum cans for quick cash, sell something you don't need, babysit for a friend, help someone less fortunate than you, and don't buy stuff you can't afford. Every decision you make adds up! Basically, sit down and write out your income in one column, then write out your expenses in a second column. Add up each column. If your income is greater than your expense...yeah! If not, then you have to either increase your income and or decrease your expenses. It really is that simple...choices will have to be made that are not fun to make, but have to be made.
@MrWaterbugdesign5 ай бұрын
What nonsense. Almost no one has a variable rate mortgage so increased rates has no effect. In fact since the inflation number is 33% shelter. People with a fixed rate mortgage and the 40% of American owner without a mortgage are in better shape with higher inflation because the value of their house is going up with inflation which increases their equity and net worth. That's far more for most people than the price of eggs. Credit card rates have increased so instead of paying 16% you're paying 22%. But is inflation really the problem here. You were paying 16%!!!! You're the problem. Got to buy a $75k new car but can't afford the higher rate? Tough. Buy a cheaper used car. Yeah the rates are up, but your monthly payment is far less than that $75k car was at 3%. This video interview was for stupid people.
@wolfalpha28625 ай бұрын
"Denied"
@charlesgadigian47064 ай бұрын
People need realize that saving rate is been 💩 we finally get sunthing I get 5000 a year in interest fed never kill Inflation at 5 percent
@ddddddno24 Жыл бұрын
Who raised the interest rate? Who appointed him?
@jdenino6022 Жыл бұрын
Jerome Powell. Obama appointed him to the Fed.
@ddddddno24 Жыл бұрын
@@jdenino6022 and he was nominated to his current position by Trump and kept on by Biden. I think Jerome is doing a terrible job. Do you?
@sussannekeith56765 ай бұрын
‘Less of a problem’… uh what?
@danielhuntington2116 Жыл бұрын
Yes...these interest rates are very very tough....however when it comes to everyday products...let's use food as an example. The true inflation rate is through the roof since it started about 2 years ago. Most food/grocery prices...ARE NOT coming down...just increasing at a slower rate year over year! Far out pacing wage growth! This means like many others...we are being bamboozled by many saying inflation is not an issue like it was....when in fact it's like a stake in many hearts. With all I've said absolutely interest rates are carving even bigger holes in pocket books. Limit credit card use..do not buy a home now unless cash...do not buy a car now unless you absolutely have to. Will there be a market correction in housing? Possibly. If you need cash and own a home...you might want to sell it. Price it right. Sell it...invest your cash in conservative interest rates that will produce modest $$$ for you...rent for 1 to 2 years and then jump back in to buying a home if there is a market correction...In Florida where I live I'm not sure at this time it is best to own a home unless you can afford to own it outright. Between interest $$$...homeowners insurance $$$ and everyday wear and tear on home $$$$...I think at this time renting is way to go. Thanks for sharing.
@jdenino6022 Жыл бұрын
YEAH, I'll live in a tent for a few years. My house is paid off, think I'll stay in it till I die.
@danielhuntington2116 Жыл бұрын
@@jdenino6022 That's awesome and I think you worked hard getting there! Stay and enjoy! Leave the tent for someone else. Thanks for sharing.
@jeffreyrichardson10 ай бұрын
kara and dana laurie anne please dont shame her cindy wheres shana
@Thoughtsofmyheart5 ай бұрын
How about you tell them to prepare for what's coming
@glennhopkins26434 ай бұрын
Joe Biden's America
@Chris-hp2gg4 ай бұрын
Your son, no mun, no fun. Your Dad, how sad, too bad.😂
@damncars26185 ай бұрын
Live within your means, isn't in the American vocabulary anymore. Sad
@terrywix68445 ай бұрын
Wrong. We don't pay interest. We enjoy keeping over 90% of our income. Debt free, mortgage free. Vision. Blurr vision. Talking maniac.
@user-pu2ho4ip3d4 ай бұрын
You can't afford it because they make it so you can't period.
@garbo8962 Жыл бұрын
Stopped watching lui g POS for two reasons: 1) a few years ago nice generous Susie q offered poor people her own think the POS called it a debit card that would help financially strapped people a helping hand. She should have said would help het get richer 2) Coward cable networks no longer provide the year that the Susie show they are airing was made like they did for at least the first 15 years. Only a fool would use five year old financial advice to make decisions.
@jodylarson4697 Жыл бұрын
(1) That prepaid debit card was discontinued 9 years ago. The program did not work as expected. Suze's mistake. Yet you're still holding a grudge. (2) I agree about old financial advice, however many of Suze's tips are general and apply no matter what, such as not using credit cards as though they are a savings account.
@jongonegone12624 ай бұрын
its so nice to be back in 2008, but suzy warned us in 2007, wait a minute, what year is it ??? something doesnt seem right !!! i wanna clone a straight version of her.
@zabelkasparian88745 ай бұрын
When we bought our house in 1988 the interest rate was 13%. So it’s not as high as it was before. We were making much less money that this generation is making. The difference is we didn’t go vacation every year, we didn’t eat outside everyday or go to bars every weekend. We cooked at home, we took our lunch and combine our income together and succeded. This generations is entitled. They think they work they deserve bro go vacations or enjoy they life. They pay $20.000 for vacations and flying first class. So I have no sympathy for all this humans who don’t know how to save. And by the way we were a refugee and came this country with nothing and without speaking English. So they have to shut up and start saving and stop being entitled.
@joshhoward12894 ай бұрын
Ah, just blame the fed, not the crazy govt spending and policies. Sure.
@user-qt3iu4qm3x4 ай бұрын
Do a serious budget and try not to cry!! How in the world can you save money People aren't going to survive this black hole sucking up your money.
@hendrikawind82814 ай бұрын
I don'f have a big income. But have no debt .so i'm okay
@matthewdouglass95645 ай бұрын
Extra money, stimulus? What's that? I worked straight through the plandemic.
@user-qm2fq8ov9l10 ай бұрын
Fast forward today 401k's have lost around 20% or more of their value from losses and then factor inflation you really only have about half of what you thought you had.
@suen50065 ай бұрын
That's complete garbage, the stock market is at record highs. Half? Ridiculous!
@garygoerke76844 ай бұрын
B_den commercials begging for donations SUCK He is the crook!
@dm954225 ай бұрын
Two words : CORPORATE GREED !!!
@loislane44215 ай бұрын
No, government ABUSE and POLICY
@loislane44215 ай бұрын
If you voted for Biden, you own this mess.
@davidwilliams44985 ай бұрын
Biggest problem is even if you make great money you buy a 450k house an then a 75k truck. You will be as broke as snyone at a lower level. Its just simple math.
@user-lu6yg3vk9z5 ай бұрын
???? Inflation becoming of a less of a problem
@user-qe6io2mm1l5 ай бұрын
Suze does not understand WHY interest rates have gone up: High inflation.
@jimmycarter90994 ай бұрын
Vote the democrats out it’s that simple
@daniexists6Ай бұрын
I believe her various scams are why we can't afford things any more.
@fayejordan1754 ай бұрын
No, I don’t believe inflation is less of a problem. If you want to be able to afford groceries, gas, cars, and mortgages, DO NOT VOTE FOR BIDEN. The economy was and will be again much better with Donald Trump!!
@M22Research5 ай бұрын
Suze, please finally, fully retire. Long overdue.
@PatRiarchy-qw6cp5 ай бұрын
Bidenomics is why
@quiltanon5 ай бұрын
Lather, rinse, repeat
@shawnplant59465 ай бұрын
Can this woman be any dumber? Inflation was the main reason why CCards and loans are being used more often and the high interest rates are do to high inflation.
@krod21625 ай бұрын
I used to like your advice but I think you're giving out bad advice. You told these people to keep one credit card. These people you're talking to have no business even using credit. They've shown that they're incapable of using it properly. If people are in trouble with credit, they're living way above their means. And living below their means is.The first thing they need to learn how to do That's the kind of advice you need to be giving them.
@lenering10844 ай бұрын
A millionaire telling us we can’t afford things. What a joke!
@cjmuniz12 Жыл бұрын
Potato wrecked economy with inflation reduction act
@tylertyler82 Жыл бұрын
The economy/ employment is actually hotter than it’s been in over 40 years, which is why there is so much inflation. But who is making all the gains in this economy? It’s not the workers. It’s the ones setting the prices (the business owners and banks).
@bobdrawbaugh4207 Жыл бұрын
@@tylertyler82the GDP numbers came in this week. 1.3 isn’t even close to a good economy. We should be at 4 or 5 for a strong economy.