In this episode, KT discusses: Defining market maniaHow overconfidence can be a financial deficitThe reality of new currencyKey Takeaways: BitCoin is today's market maniaThe herd mentality leads people to spend large amounts of money on "hot" itemsCryptocurrency has long way to go to grow up and begs the question, do we even understand it now?"It could be a long time until BitCoin trades at $20,000 a coin." - KT Thomas Reach Me Here: KT Thomas Connect with KT Thomas: https://ktsmoneymatters.com/...
Feb 20, 2018•8 min•Ep. 14
Reach Me Here: KT Thomas Getting your finances in order, because life happens In this episode, KT discusses: Why a will is important Legal ramifications if you don't have a will Engaging an attorney Key Takeaways: In most States, if you don't have a will your finances will get split between your spouse and your children The number one reason why people don't do estate planning is getting over the fact that they might need it Make sure you understand an attorney's pricing before you meet with the...
Feb 15, 2018•10 min•Ep. 13
Reach Me Here: KT Thomas In this episode, KT discusses: What gas to choose when you're filling up your tankHow did premium gas come to be?What do the facts say about regular vs. premium gas?Key Takeaways: Many people fill up their tank once a week and the average American car holds 12 gallonsThe fact of the matter is, almost all of us could burn regular unleaded gas with little change "Premium gas started with Rockefeller who was the founder of standard oil." - KT Thomas Connect with KT Thomas: ...
Feb 13, 2018•6 min•Ep. 12
Reach Me Here: KT Thomas How to Make Your Forever Home, the Happiest Place to Be Within Budget In this episode, KT and Melissa discuss: When should you spend a lot of money on renovationsGiving your home a faceliftWhat work you should avoidInterior designersKey Takeaways: If you know you're only going to be there for a year or two, don't gut the kitchen if all you want to change is the aestheticPaint goes a long way to making a home feel fresherBefore you even talk to a designer about compensati...
Feb 08, 2018•19 min•Ep. 11
Reach Me Here: KT Thomas Protecting and Dead-Bolting Your Credit In this episode, KT discusses: The Equifax breachManaging your creditFreezing your creditKey Takeaways: A simple way to protect your credit is by managing your passwords more regularly - changing your passwords often, not answering emails that you're unsure of etc.For a one time cost of $30, you can freeze your credit for as long as you want to "I want you to think about protecting your credit like protecting your house." - KT Thom...
Feb 06, 2018•7 min•Ep. 10
Reach Me Here: KT Thomas In this episode, KT and Tammy discuss: Misinformation about 529 plansWho's best suited for a 529 plan?The downsides to doing this planWhat Tammy recommends Key Takeaways: You don't pay on the interest earnedAs long as you use it for college, it's completely tax freeIf you don't use the funds for education, there's a 10% penalty (which is completely taxable)Ask yourself, "what are your long term financial goals?" Does a 529 plan fit those needs? "529 Plans are great vehic...
Feb 01, 2018•10 min•Ep. 9
In this episode, KT discusses: What does "the take" mean?Why you should keep an eye out for tax exempt investmentsKey Takeaways: When the tax rate change is all said and done, those with the higher tax rate can benefit from using tax exempt investmentsWhen you make an investment, look at the net result to determine the true success of it "It's important to know what you're actually making from an investment." - KT Thomas Connect with KT Thomas: https://ktsmoneymatters.com/ Purchase KT's book- Th...
Jan 30, 2018•5 min•Ep. 8
In this episode, KT and Melissa discuss: Keeping a budget in mindQuick and Cheap? Not so muchPlan, plan, planBang for your bucksKey Takeaways: Coming up with a budget can be difficult, so think about bringing in a professional or use a tool like this Free Cost vs. Value ReportThe most important piece of a renovation job is a realistic timeline/planPaint is a great bang for your buck and can totally change the feel of the roomUntil you know what you're actually going to build, it's going to be ha...
Jan 25, 2018•16 min•Ep. 7
Reach Me Here: KT ThomasIn this episode, KT discusses: How women pay more for less productKnowing what to look for Key Takeaways: Often times, products packaged in pink are more expensive and contain less of the actual product when compared to men's productsIf you're the type of person that doesn't like scented things, buying the non-scented "guy" version of the product can save you money "A little bit of spending can go a long way." - KT Thomas Connect with KT Thomas: https://ktsmoneymatters.co...
Jan 23, 2018•6 min•Ep. 6
Reach Me Here: KT Thomas In this episode, KT and Tammy discuss: Why a financial planner is importantThings to keep in mind when choosing a financial plannerBeing a CFP vs. working as a CFPFiduciary Key Takeaways: Make sure that the financial planner is certifiedFiduciary means that the financial planner is going to do what's in your best interestCheck with your planner that he/she is outlining all the fees that you're paying for and why they're thereFind a financial planner that can customize hi...
Jan 18, 2018•17 min•Ep. 5
In this episode, KT discusses: What a home equity line of credit is and how it's changed in 2018Variable interest ratesAdvantage and disadvantages of tax benefitsThe effects on the average AmericanKey Takeaways: A home equity line of credit is a second loan established on your home. It's not your primary mortgage.This line of credit is commonly used for home projects or debt consolidationIn 2018, you lose the ability to write off these interests that you paidAsk yourself, what’s the true expense...
Jan 16, 2018•8 min•Ep. 4
In this episode, KT and Melissa discuss: Keeping a budget in mindQuick and Cheap? Not so muchPlan, plan, planBang for your bucksKey Takeaways: Coming up with a budget can be difficult, so think about bringing in a professional or use a tool like this Free Cost vs. Value ReportThe most important piece of a renovation job is a realistic timeline/planPaint is a great bang for your buck and can totally change the feel of the roomUntil you know what you're actually going to build, it's going to be ha...
Jan 16, 2018•13 min•Ep. 3
In this episode, KT discusses: Understanding BitcoinThe speculationOn a 1 to 10 scale of risky... Bitcoin is a 20Is it a gold replacement? Key Takeaways: A cryptocurrency is a replacement for real currencyThe question is: "Will a currency not backed by the government survive?" If it does, what will it look like?"Bitcoin is the biggest type of cryptocurrency, not the only type. Just like Kleenex isn't the only type of tissue.Bitcoin is only as valuable as the last person who was willing to buy it...
Jan 16, 2018•11 min•Ep. 2
In this episode, KT discusses: KT's careerThe purpose of KT'sMoneyMatters podcastTypes of guests on the showWhat you should expect Key Takeaways: KT has been a financial advisor for more than 25 yearsYou should be able to have a takeaway each week that you can apply to your financial situationKT really believes that giving back to your community is extremely importantCheck out KT's book here! "Money seems like it should be simple but it's actually pretty complicated." - KT Thomas Connect with KT...
Jan 08, 2018•7 min•Ep. 1
