Money Talk For Real People
Have you worked with accountants or lawyers that use language around money that doesn’t make sense to the average person? We’re here to remove the stigma around money conversations for everybody.
We’re going to focus on how to stop ignoring your money and burying your head in the sand. Taking control of your finances and how you show up in life will give you more energy, excitement, clarity, and confidence.
This season we’re diving specifically into your bookkeeping, accounting, and registration so you really understand how to do it right. We’ll talk about wealth building with regards to building your business, investing in yourself, retirement, family and more, while securing and protecting our bag.
We fill in the gaps and knowledge to help guide our clients towards the goals that THEY want - not what they think they should want. This isn’t your parents’ financial advice!
Join our community at confidentmoneypodcast.com where we’ll share tips and resources, and you can suggest topics for future episodes.
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DISCLAIMER: I am not a financial advisor and this is not financial advice. My podcast is for educational purposes and is my personal opinion only. To make the best financial decision for your situation, please do your own research and if needed, seek the advice of a fee-based, fiduciary.
Music credit: Neon Fairies by Wolves
A Podcast Launch Bestie production
Transcript
So let's talk about what I mean by money.
Katelyn Magnuson:Talk for real people.
Katelyn Magnuson:Now, a lot of us have encountered countless professionals, right?
Katelyn Magnuson:Lawyers, accountants, parents, other people that mean well,
Katelyn Magnuson:but maybe they don't break down.
Katelyn Magnuson:All the finances and money in the way that actually makes sense for the average
Katelyn Magnuson:person and with the way that they work and the words they use, it's not relatable.
Katelyn Magnuson:You have a tough time understanding what they're saying maybe, or just
Katelyn Magnuson:really being able to put what they're saying into practice for yourself.
Katelyn Magnuson:So here we are dropping the shame we're dropping the guilt.
Katelyn Magnuson:We are deconstructing all the internalized shit that you have around money and your
Katelyn Magnuson:business and your personal life and your relationships with your friendships.
Katelyn Magnuson:You know, if you're still in corporate, like we are breaking down those
Katelyn Magnuson:money barriers and we're having real conversations for real people about money.
Katelyn Magnuson:So.
Katelyn Magnuson:Our whole mission here is to remove the stigma . You know, I know that
Katelyn Magnuson:there's the saying that there is no stupid questions and I don't think
Katelyn Magnuson:that there are stupid questions.
Katelyn Magnuson:I think that we , very frequently end up with answers that don't make
Katelyn Magnuson:sense or answers that aren't ideal.
Katelyn Magnuson:And so here, we're working to break them down into bite-size
Katelyn Magnuson:pieces that are actionable.
Katelyn Magnuson:If you're a business owner, if you have a side hustle, It's time to stop
Katelyn Magnuson:putting your business on the back burner.
Katelyn Magnuson:And for many of us, what that looks like is focusing on the money, because
Katelyn Magnuson:for pretty much all of us, I'm sure we're in this for the money at the
Katelyn Magnuson:end of the day, you know, you're not here to be doing something.
Katelyn Magnuson:Yes, you can have philanthropic desires and I'm all about that.
Katelyn Magnuson:I am here for it, but we're in business to solve a problem, to
Katelyn Magnuson:make money and I sure as fuck.
Katelyn Magnuson:Hope do something fun while we're at it, right.
Katelyn Magnuson:We want to make an impact, make some money and have some fun doing it.
Katelyn Magnuson:So why do so many of us spend time just tiptoeing around the money in our
Katelyn Magnuson:business and in our personal lives.
Katelyn Magnuson:So we're going to focus on how to stop, ignoring your money, how to stop
Katelyn Magnuson:burying your head in the sand, how this is going to change your business.
Katelyn Magnuson:It's going to change your personal life.
Katelyn Magnuson:By making you more profitable by actually understanding your
Katelyn Magnuson:numbers by being able to make.
Katelyn Magnuson:Competent educated financial decisions and move your business and your personal
Katelyn Magnuson:life and your financial goals forward.
Katelyn Magnuson:Now you buying into all of this and you taking control of your finances is going
Katelyn Magnuson:to change how you show up in your life.
Katelyn Magnuson:It's going to change how you show up in your business and your
Katelyn Magnuson:relationships with your friends as a parent, as a human being,
Katelyn Magnuson:because you're going to have energy, excitement, clarity, and confidence.
Katelyn Magnuson:Hence the title confidence when it comes to dealing with your money.
Katelyn Magnuson:That is what I'm all about here.
Katelyn Magnuson:And we are going to shift the narrative when it comes to talking
Katelyn Magnuson:about money and making it fun.
Katelyn Magnuson:Now, how do we shift this?
Katelyn Magnuson:When it comes to a lot of our least favorite areas such as taxes, how are we
Katelyn Magnuson:looking at, you know, paving the way for.
Katelyn Magnuson:Setting ourselves up for success.
Katelyn Magnuson:How are we realizing that within reason paying more in taxes is actually a
Katelyn Magnuson:good thing, because if you're doing everything correctly, it means that
Katelyn Magnuson:you've made significantly more profit.
Katelyn Magnuson:If you're paying significantly more in taxes.
Katelyn Magnuson:Now, again, we'll talk about, you know, strategies and S-corp elections and things
Katelyn Magnuson:that you could be doing that make, you know, most of us just kind of want to
Katelyn Magnuson:glaze our eyes over, but we're going to make it really digestible so that you
Katelyn Magnuson:can have action steps to move forward.
Katelyn Magnuson:with confidence in your business because it's time to stop
Katelyn Magnuson:burying your head in the sand.
Katelyn Magnuson:And it is time to understand that we're going to package it up with
Katelyn Magnuson:the dessert side of it, right?
Katelyn Magnuson:Like I'm here to tell you the great things, the sexy things, the things that
Katelyn Magnuson:we really like that come with money.
Katelyn Magnuson:However, we're also going to have the vegetables business coaches
Katelyn Magnuson:are not teaching all of the foundations that you need to know.
Katelyn Magnuson:For your business finances and to understand your accounting
Katelyn Magnuson:and your bookkeeping.
Katelyn Magnuson:And in this season, we're actually going to dive specifically into that,
Katelyn Magnuson:how to be doing your bookkeeping, your accounting, understanding your
Katelyn Magnuson:registration with confidence so that you can make decisions to move forward that
Katelyn Magnuson:you know, are the right path for you.
Katelyn Magnuson:So we're all in business to make money.
Katelyn Magnuson:We want to secure our financial futures and we want to
Katelyn Magnuson:understand how to build wealth.
Katelyn Magnuson:So when it comes to wealth building, we're going to talk about
Katelyn Magnuson:this in a lot of different ways.
Katelyn Magnuson:There's wealth building in your business.
Katelyn Magnuson:There's wealth building in investing in yourself.
Katelyn Magnuson:There's wealth building.
Katelyn Magnuson:When it comes to your retirement to your families.
Katelyn Magnuson:If you choose to have one, you know, if you choose to have children,
Katelyn Magnuson:if you decide to get married, how do we make sure that we are owning
Katelyn Magnuson:what is ours and moving forward with confidence, but also, still protecting.
Katelyn Magnuson:You know, securing our bag, right?
Katelyn Magnuson:So this is a really new topic, which I know sounds ridiculous, but it's only
Katelyn Magnuson:been 50 years since women have been able to get checking accounts on their own.
Katelyn Magnuson:Women were first able to get checking accounts on their own and
Katelyn Magnuson:the 1970s, which is shocking that was the decade, my mother was born.
Katelyn Magnuson:Which means that for a lot of us, our grandmothers weren't able to
Katelyn Magnuson:have their own checking accounts until they were having children.
Katelyn Magnuson:Now think of the situation that, that can put you in.
Katelyn Magnuson:The lack of power that a lot of us had had.
Katelyn Magnuson:Money can be freedom.
Katelyn Magnuson:It can be freedom of choice.
Katelyn Magnuson:It can be opportunity.
Katelyn Magnuson:It can be.
Katelyn Magnuson:The ability to leave a situation that's not healthy.
Katelyn Magnuson:So we're here to deconstruct that and to understand what we need to
Katelyn Magnuson:be talking about, what metrics we need to be looking at and building
Katelyn Magnuson:confidence so that we are able to live our most fully expressed life.
Katelyn Magnuson:I believe firmly that money makes us more of who we are.
Katelyn Magnuson:Not less.
Katelyn Magnuson:It further allows us to express our truest selves and it allows us to
Katelyn Magnuson:live a life that we are most aligned.
Katelyn Magnuson:Does that mean that if you are, you know, if you're not rich, if
Katelyn Magnuson:you're not wealthy that you can't make an impact on this world?
Katelyn Magnuson:Absolutely not.
Katelyn Magnuson:However can you snowball that effect when you have more money, can you
Katelyn Magnuson:live a life that allows you to donate to more causes to, , move forward?
Katelyn Magnuson:Things that you want to see put in place, you know, efforts that you
Katelyn Magnuson:want to see changed passion projects that you really feel just absolutely.
Katelyn Magnuson:That you embodying your core.
Katelyn Magnuson:Yes.
Katelyn Magnuson:So for those of you wondering.
Katelyn Magnuson:I'm Katelyn Magnuson and I run a full-service financial
Katelyn Magnuson:accounting and educational firm.
Katelyn Magnuson:I, I love what I do.
Katelyn Magnuson:I love what I do.
Katelyn Magnuson:, we have a team here now of six employees plus contractors,
Katelyn Magnuson:, which is absolutely insane.
Katelyn Magnuson:, and we are working on the premise that we're building an
Katelyn Magnuson:organization that has no shame.
Katelyn Magnuson:That creates custom plans for our clients that allows them to move
Katelyn Magnuson:their business and their lives in the direction that they want to drive.
Katelyn Magnuson:Now, for some of them that may be a digital nomad.
Katelyn Magnuson:For some of them that may be a white fence, you know, two and a half
Katelyn Magnuson:kids, the house, the whole thing for some that may be, being a cool
Katelyn Magnuson:auntie or whatever, lights them up, but we spend time listening to them.
Katelyn Magnuson:Understanding where they're at or where they've come from and where they want
Katelyn Magnuson:to end up, whether it's in the next three years, five years, 10 years,
Katelyn Magnuson:30 years, some people don't know and that's fine, but where can we help
Katelyn Magnuson:fill in the gaps in the knowledge to guide them towards what they want,
Katelyn Magnuson:not what we think they should want or what society thinks they should want.
Katelyn Magnuson:And for a lot of us.
Katelyn Magnuson:There's a debt that we have to talk about, which we'll dive into
Katelyn Magnuson:in here, because I have kind of an unconventional take on debt.
Katelyn Magnuson:I'm very, this is not a Dave Ramsey fan podcast.
Katelyn Magnuson:, this is not your parents' financial advice.
Katelyn Magnuson:These money talks that we're having.
Katelyn Magnuson:This is going to be like talking to your best friend turned accountant.
Katelyn Magnuson:So if you're ready, Buckle up because we have a lot coming