KTs Money Matters

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: melissa@hammonddesign.net

Phone: 974-474-9149

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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

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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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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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 of 17 at the end of the tax, qualify for the tax credit 

“This is a very, very complex tax code that has just been introduced to us… so tread lightly.” – George Ferullo

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

Twitter: KT Thomas

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

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

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 Woman’s Guide to Money

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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 to have on the real estate market?“Corporate tax reform hasn’t been done in the is country in many years and as a result a lot of our bigger companies have begun to keep and declare their assets out of the country.” – 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

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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 up.” – 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

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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 no real changes in capital gains taxes“Those that pay the most under these [tax] changes will save the most… those who pay the least, have the least amount to get back.” – 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

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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

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