KTs Money Matters

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/

Purchase KT's book- The Hardworking Woman's Guide to Money

Show Notes by Show Producer: Anna Nygren

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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 them 

Connect with KT Thomas: https://ktsmoneymatters.com/

Purchase KT's book- The Hardworking Woman's Guide to Money

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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: https://ktsmoneymatters.com/

Purchase KT's book- The Hardworking Woman's Guide to Money

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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 compensation, you should ask if they use a contract…. You always want a contractAlways know what a designer's hourly rate is and how many hours they think it'll take for them to finish the project 

"Painting the cabinets or putting in new countertops… those simple things increase the resale value of your home." - Melissa Hammond

Connect with Melissa Hammond:

Website: http://hammonddesign.net/

Email: [email protected]

Phone: 974-474-9149

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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 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 megaphone.fm/adchoices

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 vehicles for people to save for their child's education, their grandchild's or even their own." - Tammy Simmons, CFP

Connect with Tammy Simmons, CFP:

Website: www.newdaysolutions.com

Email: [email protected]

Phone: 800-834-2101

Learn more about your ad choices. Visit megaphone.fm/adchoices

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- The Hardworking Woman's Guide to Money

Learn more about your ad choices. Visit megaphone.fm/adchoices

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 hard to get a solid estimate 

"Studies show that more than a third of what we spend, is spent on the home." - KT Thomas

Connect with Melissa Hammond:

Website: http://hammonddesign.net/

Email: [email protected]

Phone: 974-474-9149

Learn more about your ad choices. Visit megaphone.fm/adchoices

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.com/

Purchase KT's book- The Hardworking Woman's Guide to Money

Learn more about your ad choices. Visit megaphone.fm/adchoices

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 his/her services to your needs and check FINRA to make sure your planner is legitimate 

"Well the first thing that you want to know is if the financial planner certified." - KT Thomas

Connect with Tammy Simmons, CFP:

Website: www.newdaysolutions.com

Email: [email protected]

Phone: 800-834-2101

Learn more about your ad choices. Visit megaphone.fm/adchoices