In this episode, KT and Sue Haviland discuss: What is a Reverse mortgageIf you have a reverse mortgage, what happens when you die?Understand that the interest is going to accumulate on the mortgage Key Takeaways: Don't just make a reverse mortgage plan BEducate yourselves on your options for your houseReal estate prices constantly changeInclude everyone in the discussion when considering a reverse mortgage"There's a difference between wanting to work, and having to work." — Sue Haviland Connect ...
Jun 28, 2018•22 min•Ep. 44
In this episode, KT and Deb Gabor discuss: Deb became an entrepreneur by accident How to work when having young children Women have to sacrifice more when they're working How to brand Key Takeaways:Just do it Do what you can to gain control of your own destiny Don't hold onto things Branding is figuring out what you want your customers to think of you "I need to be in control of my own destiny." — Deb Gabor Connect with Deb Gabor: Twitter: @deb_sol Website: http://www.brandingissex.com Email: de...
Jun 21, 2018•29 min•Ep. 43
In this episode, KT and Christina Martini discuss: Wisdom that Christina wants to share with the communityWe can choose our path to takeIt's valuable to learn how to fully take care of yourselvesThere's going to come a time when parents can no longer help out there kids financiallyKey Takeaways: Be honest, real, and authenticDon't just look to othersDon't think of only short term fixesLove and support your teenagers but, make them earn some of their own money "Making your way in the world and gr...
Jun 14, 2018•26 min•Ep. 42
In this episode, KT and Christina Martini discuss: Tina is a professional with amazing experience in the legal field but can share insights to her experience as a powerful woman in an industry with many men.If you have an amazing new idea what are your first steps?How do you avoid the lifestyle creep?What helped Tina be so successful?Key Takeaways: If you are developing something it is a good idea to reach out to an attorney early.Attorneys can help you map out when you need to protect yourself,...
Jun 07, 2018•29 min•Ep. 41
In this episode, KT and Lou Diamond discuss: The difference between networking and connections Establishing strong connections The four ways to gain a strong connection How to get exponential growth Key Takeaways: It's important to establish connections Have empathy, a fearless mindset, authenticity, and a super why Know what your fears are Be true on the inside, and have everything on the outside reflect that "It is recognizing what is holding you back and knowing how to flip what is holding yo...
May 31, 2018•25 min•Ep. 40
In this episode, KT and Lou Diamond discuss: How to handle financial ups and downs of starting a business from scratch How should people invest in their company How to expand your business by getting out of your comfort zone Working from the heart Key Takeaways: Be prepared moneywise when transitioning from a steady paying job to an entrepreneur Invest in yourself and in the business Get yourself in a structure early on Embrace being fearless "To establish a fearless mindset, and to stretch ever...
May 24, 2018•21 min•Ep. 39
In this episode, KT and Jon Dwoskin discuss: Advice Jon would give his clientsHow to be an effective managerHow to find the right mentorBe with a company who's in alignment with who you areKey Takeaways: If you want your business to evolve, you have to evolve firstDon't only lead when it's convenientIf your mentor constantly makes you feel bad about yourself, you have the wrong mentorInvest to train your employees "I think mentors are critical in giving you different perspectives, and I think ev...
May 17, 2018•18 min•Ep. 38
In this episode, KT discuss's: Eliminating debtSave for retirementMake sure you're not paying for things that are no longer neededEliminate insurance items that are unnecessaryKey Takeaways: Increase your savings every yearKnow how much cash flow your life needsKnow how much your life will change after retirementGet a quote on your life and health insurance Click here to reach KT Connect with KT Thomas: https://ktsmoneymatters.com/ Purchase KT's book- The Hardworking Woman's Guide to Money Learn...
May 15, 2018•22 min•Ep. 37
In this episode, KT and Jon Dwoskin discuss: · How to leverage your skills and sphere off of that · Is bigger always better? · How to communicate affectively · What things provide a better environment for an employee Key Takeaways: · Find ways to put your skill set into another medium · Stay consistent with your brand · Without consistency, you can't get to big · You want to be able to communicate effectively, and your energy needs to match it "I believe people can use my information to grow in ...
May 10, 2018•15 min•Ep. 36
In this episode, KT discuss's: People have made bad habits that just keep setting them back40's is when you make the worst financial decisionsUnderstand what the barriers of your life areSpend your money wiselyKey Takeaways: Money has become very opaqueYou need to implement annual things that will help control spending throughout the yearDon't go way over or way under on your taxesSave for your kids college nowClick here to reach KT Connect with KT Thomas: https://ktsmoneymatters.com/ Purchase K...
May 08, 2018•18 min•Ep. 35
In this episode, KT and Jon Dwoskin discuss: What's the right thing for people to be thinking about as they go into businessCan you teach someone to be an entrepreneur or does it come naturally?What to do when your company gets stuckWhat makes someone great at leading peopleKey Takeaways: You need to decide if you can be an entrepreneur by yourself, or if you need a business partnerCompanies need to get a coach to shake them up and get them movingIt is easier to start a company and compete with ...
May 03, 2018•18 min•Ep. 34
In this episode, KT discusses: In your 30's you are making your own financial decisionsEstablish a strong plan on how to saveEmployee stock purchase plansPlanning for kids financiallyKey Takeaways: Save enough to have the employers sponsored matchPay off loans as quick as possibleIf you want to always be a stay at home parent, you must save earlyFinancial advisors are very valuable Click here to reach KT Connect with KT Thomas: https://ktsmoneymatters.com/ Purchase KT's book- The Hardworking Wom...
May 01, 2018•19 min•Ep. 33
In this episode, KT and Tammy Symons discuss: KT's experience with a death of a family memberIf you're the griever, what you should be thinking aboutPlanning a funeralInquiring about life insuranceKey Takeaways: When a family member passes, make sure you know whose name is on current loans, any debt, insurance, etc.The initial task after someone passes away is to seek financial advice from a professionalTake loved ones with you when you go to the funeral home to make big decisionsTake a good inv...
Apr 26, 2018•25 min•Ep. 32
In this episode, KT discusses: Your 20s are the start of your "Grown-up" professional lifeIt's not too early to start savingDon't change jobs every few months- Get a job and keep it for a whileHaving credit is important, how you use credit is more important.Key Takeaways: There are so many resources available todayStart establishing your credit and you "Stable Person Value"Can you afford to buy a house now? You need to have 3 months of living expenses saved up first.www.bankrate.com "It's really...
Apr 24, 2018•16 min•Ep. 31
In this episode, KT and Tammy Symons discuss: How to rebuild yourself after divorce, financiallyHow your expenses changeThe help of a professional through a divorceProtecting your credit score Key Takeaways: Putting together your new income vs. expenses and understanding what that is, is a great first stepSometimes, the beauty of going through a divorce is you having the ability to make and craft your own retirement goalsGet rid of joint credit cards ASAPMake sure you understand what the divorce...
Apr 19, 2018•22 min•Ep. 30
In this episode, KT and Tammy Symons discuss: Financial changes to consider when you start a familyHow to care for that child when both parents are workingKeeping insurance in mindPlanning for your child's educationKey Takeaways: Create a new budget - because your grocery bill, clothing bill and much more is going to changeIf the parent leaving the workforce has the health insurance under his/her group policy, that needs to be addressedIt's important to start saving for college as early as possi...
Apr 12, 2018•14 min•Ep. 29
In this episode, KT discusses: The current real estate trendRecent change in taxes for 2018Rise in the higher market interest rate Key Takeaways: Homes went up 5.7 percent last yearDon't go house brokeMortgage rates are starting to go up "If you are thinking about buying a house, think now vs. two years from now." - KT Thomas Real Estate Numbers- realtor.com Learn more about your ad choices. Visit megaphone.fm/adchoices
Apr 10, 2018•15 min•Ep. 28
In this episode, KT and Rachael Ela discuss: Steps that you shouldn't skipTypes of accounts to open for your businessUnderstanding your bank's funds availability policyThe expense of going too fastKey Takeaways: Find an attorney, find an accountant so that you give your business a strong financial foundationMost banks will allow you to start out with a simple account and upgrade it as your business growsWhen you write a check, you've got to have those funds ready and available in your account at...
Apr 05, 2018•29 min•Ep. 27
In this episode, KT discusses: The type of people who buy gym membershipsThe challenges of cancelling your gym membershipThe yearly cost of average gym memberships Key Takeaways: It's hard to cancel membershipsPeople pay for a membership they don't use because they hope to come backBe a little forceful in cancelling your membership"They do everything they can to keep you paying. And pay we do." - KT Thomas Connect with KT Thomas: https://ktsmoneymatters.com/ Purchase KT's book- The Hardworking W...
Apr 03, 2018•11 min•Ep. 26
In this episode, KT and Rachael Ela discuss: Banking feesThe cost of not paying attentionBanking in 2018Properly using overdraft protectionKey Takeaways: The FDIC now requires banks to track what people are spending on banking (the first quarter of tracking totaled to 7.4 billion dollars spent)If you're writing a check or making a payment, you need to have that money in your account at the time of the paymentOverdraft protection is a credit line — it's something that automatically sweeps over wh...
Mar 29, 2018•29 min•Ep. 25
In this episode, KT discusses: Economists' viewpoint on tariffsPresident Trump initiating tariffs on both steal and aluminumWhat other countries are doing with tariffsGood and services on a budgetKey Takeaways: Tariffs can drive up the cost of thingsWe as consumers are not willing to pay more for clothing which tends to enable the negative side of a tariffThe average hourly wage of a worker has been fairly flat on an inflation adjusted basis for the past 8 years"The most hurt consumer in a tarif...
Mar 27, 2018•7 min•Ep. 24
In this episode, KT and Rachael Ela discuss: When you should go into a physical bankAt the death of a parent, what do you do?What banking precautions you can put in placeHow to not take away dignityKey Takeaways: Your parents' local bank will notice when your parents start to do things out of the ordinaryLook at your parents' statement or get access to their online bankYou don't need to take over your parents' accountsWhen you notice a change, start having a conversation with them"Getting online...
Mar 22, 2018•24 min•Ep. 23
Taking Care of Aging Parents In this episode, KT discusses: When should you help your parentsHow to step in to helpParents don't want to ask kids for helpKey Takeaways: Aging is an undignified processHelp your parents watch for elder fraudWatch closer when they are older than 75"When you are by yourself it’s a lot more difficult." - KT Thomas Connect with KT Thomas: https://ktsmoneymatters.com/ Purchase KT's book- The Hardworking Woman's Guide to Money Learn more about your ad choices. Visit meg...
Mar 20, 2018•12 min•Ep. 22
In this episode, KT and Karen Briscoe discuss: Compound interestHow to write a successful bookHow Karen measures successActing on your thoughts Key Takeaways: Make sure you create good habitsStay focusedDo one concept a dayThere is so much left to do"Am I at my highest and best right now?" - Karen Briscoe About Karen Briscoe: Karen Briscoe is the creator of the transformative "5 Minute Success" concept. Her books Real Estate Success in 5 Minutes a Day: Secrets of a Top Agent Revealed and Commit ...
Mar 15, 2018•27 min•Ep. 21
The Problem with Timeshares In this episode, KT discusses: Value of timesharesWhat to expect from the sales personHow to get out of timesharesKey Takeaways: Timeshares are not an investmentTimeshares are like prepaying for vacationsThere are better ways to invest your money"If you have to finance it, you probably can’t afford it." - KT Thomas Connect with KT Thomas: https://ktsmoneymatters.com/ Purchase KT's book- The Hardworking Woman's Guide to Money Learn more about your ad choices. Visit meg...
Mar 13, 2018•15 min•Ep. 20
Those Who Pay the Most, Save the Most In this episode, KT and George discuss: Tax changes and its effect on high earnersUnreimbursed expenses from homeUpcoming changes of alimonyThings that have changed/have not changed Key Takeaways: Phase out of the itemized deductions means a lot of what people think they lost in the tax changes might have been dramatically reduced before the billIf someone is making over $250,000 taxable income (married or joint), they'll be in the 33% bracketThere have been...
Mar 08, 2018•25 min•Ep. 19
The Word Around the Most Recent Sell Out In this episode, KT discusses: The signs when things are getting too frothy in the marketFOMOWhen to buy, for investment reasonsKey Takeaways: When people are talking about how good things are or if people are defending the priceBy the time you like the look of something in the market, usually the price has gone byFor investments, buy things that aren't at their all time high "FOMO... People don't want to sell because they don't want to miss the next move...
Mar 06, 2018•7 min•Ep. 18
Treading Carefully with Self-Employment and Taxes In this episode, KT and George discuss: A recent change in corporate tax reformThe benefits of being an S corporationSmall business owners sweetening the tax situationKey Takeaways: A pass through entity is an entity where the net income passes directly down to the individual tax payerIf you're a single individual and your taxable income falls under $157,500… you can take that 20% deduction off your bottom lineWhat effect is this tax reform going...
Mar 01, 2018•23 min•Ep. 17
Click here to reach KT In this episode, KT discusses: Common steps to managing money betterTaking care of your bills and upgrading your cybersecurityWhere you should physically keep your money Key Takeaways: Open your mail and read itWhen's the last time you changed your passwords?Don't bury money in your backyard! Put it somewhere safe "You shouldn't have piles of bills all over your house." - KT Thomas Connect with KT Thomas: https://ktsmoneymatters.com/ Purchase KT's book- The Hardworking Wom...
Feb 27, 2018•10 min•Ep. 16
George Ferullo In this episode, KT and George discuss: Getting taxes done this yearKeeping a cool financial headWriting off state and local taxes against the federal returnThe trade off Key Takeaways: Your total tax obligation may not change as much as you thinkNot everybody is going to save taxesAlternative minimum taxes is a method on how to calculate your tax liability (state/local taxes and miscellaneous itemized deductions)… it wasn't adjusted along with inflationOnly children under the age...
Feb 22, 2018•22 min•Ep. 15
