In this episode, Katrena discusses the importance of financial wellness and the role of financial assessments in achieving it. She draws parallels between financial health and physical health, emphasizing the need for regular checkups and assessments to identify blind spots and improve financial management. The conversation also delves into the emotional and mental aspects of finances, the components of a financial wellness assessment, and the benefits of financial coaching. Katrena highlights the services offered by StudioM Financial, including one-on-one coaching and entrepreneurship support, encouraging listeners to take proactive steps towards their financial wellness.
Takeaways
Financial wellness assessments are crucial for understanding your financial health.
Regular checkups help identify blind spots in financial management.
Emotional and mental aspects of finances are important to address.
There is no quick fix for financial wellness; it requires time and effort.
Awareness of financial blind spots can lead to better decision-making.
Financial coaching can help change your mindset about money.
Confidence in managing finances is a key outcome of financial coaching.
The financial wellness assessment includes various components like savings and debt management. StudioM Financial offers personalized coaching and entrepreneurship support. Engaging in financial discussions can enhance understanding and decision-making.
Register for the StudioM Office Hours: https://calendly.com/letstalk-studiomfinancial/sm-open-hours Connect with us on social media: https://linktr.ee/StudioMfin Until we meet, keep working on the change.
I was cleaning out my Downloads folder because it was beyond out of control. While I was clearing out photos of various food items, I stumbled across this photo of the financial house my dad and I built about 10 years ago. This house was my way of communicating to people about the possibilities of financial awareness when they felt less than certain. It was a wonderful way to begin the conversation. Building a solid foundation with strong walls and an capable roof with the necessary resources can be an incredibly powerful life endeavor. Going back in the past certainly feels applicable in the present! Until we meet, keep working on the change.
In this episode of MorphMinutes, Katrena from StudioM Financial discusses the importance of preparing for the 2025 tax season. She emphasizes the need for organization and understanding of necessary tax documents, including W-2s, 1099s, and investment forms. The podcast also covers standard deductions versus itemization, providing insights on how to maximize tax benefits. Katrena encourages listeners to gather their documents early and consult with tax professionals for effective tax preparation. Takeaways - Tax season preparation is crucial to avoid last-minute stress. - Gather all necessary documents as soon as they are available. - Understanding the difference between standard deductions and itemization is key. - Keep track of all income sources, including freelance and investment income. - Be honest in reporting to the IRS to avoid audits. - Recognize tax forms like 1099 for various income types, including dividends and interest. - Consider the new tax laws affecting vehicle loan interest deductions. - Document charitable contributions for potential tax deductions. - Consult a tax professional for personalized advice and strategies. - Create a checklist to streamline the tax preparation process.
H&R Block checklists:
Self Employed checklist - Product based with contractors no property (H&R block): https://bit.ly/4jkjCw1
Partnership Checklist (H&R block): https://bit.ly/3KY3X97
Self Employed checklist - Service based https://bit.ly/4piC6hW
Until we meet, keep working on the change.
In this episode of MorphMinutes, host Katrena speaks with special guest Lee Walker, a small business consultant and owner of Daily Driver Consulting, about the intersection of personal finance and business strategies.
In this episode, Katrena Pitts and returning guest Bert Delgado of Vivid Financial Counselors discuss effective financial planning strategies for the upcoming holiday season.
We have a special guest joining us for today's podcast - Bert Delgado. Bert is a fellow financial counselor and owner of Vivid Financial Counselors in Florida. We talk about a variety of financial habits we see in ourselves and clients, and discuss ways to start building those habits daily. There's even a word association game at the end!
Speaker's note: I apologize for the quality of my personal audio. I hope it doesn't take away from the good discussion between Bert and me and you walk away with some good financial nuggets.
This podcast addresses the spending plan for preparing for students returning to school. Also providing local community resources for back to school items. School supplies, school uniforms, food and nutrition resources.
Today's podcast is with guest AFC candidate and financial coach Julia DiMedici discussing how a potential client can transfer a balance and the implications on her budget and other financial goals.
Summer is here! Let’s make sure our budget is ready to support all the fun we want to have with friends and family. We will look at income opportunities, potential expenses and practical strategies to plan for the upcoming season. Let us know your thoughts! Until we meet…keep working on the change.
Today's MorphMinutes covers determining what sounds 'familiar' in our personal finances, and what sounds 'impossible.' But then how do we get from familiar to impossible. We conclude our video with defining the 50/70/100 Principle. Thanks for joining us today! Until we meet...keep working on the change. StudioM
What questions should we ask ourselves when we are faced with a 'major purchase?' This is the first episode of 4-part series on decision making. Let us know your thoughts and any comments or question you have. Access the session packet here: https://docs.google.com/document/d/1DAx8n3xjEcHXkDlEQX4EwJ22ujgaZsZiJzCjClFbdb4/edit?usp=sharing
How are we going to pay for this 'major purchase?' Are we using cash in reserves or a credit product? This is the second episode of our 4-part series on decision making. Let us know your thoughts and any comments or question you have. Access the session packet here: https://docs.google.com/document/d/1Vp6ic2GXVhQuW67ScQaEDckpw5WcQK-lKn4QEOtbCyY/edit?usp=sharing
When do I need to make this 'major purchase?' Is it immediately because of distinct timeline or do I have some time to consider? This is the third episode of our 4-part series on decision making. Let us know your thoughts and any comments or question you have. Download the session packet here. Until we meet...keep working on the change.
