KTs Money Matters

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 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 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 from the last person who wanted to sell it“[Bitcoin] is not for the conservative people who want to check their statement every day.” – 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: melissa@hammonddesign.net

Phone: 974-474-9149

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 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 of what you do and what you save?“Interest on your home equity line of credit WAS tax deductible.” – 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: tammy@newdailysolutions.com

Phone: 800-834-2101

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

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: melissa@hammonddesign.net

Phone: 974-474-9149

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

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: tammy@newdailysolutions.com

Phone: 800-834-2101

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

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