Wealth Witches

Welcome back to another episode with Kyle Seagraves, Certified Mortgage Advisor, Licensed Loan Originator, and full-time home loan educator. In previous episodes we’ve talked about the logistics of buying a home, so in this episode we will go through some strategy tips and common worst-case scenarios. How long you’ll need to stay in a home for the appreciation value to catch back up if the market...

Now that we’ve discussed how to apply and qualify for a mortgage, now we’re going to talk about what all the numbers mean and how you can look at your budget to realistically afford to buy a home. We’ll go into detail about: Debt to income ratio Dream home versus starter home Upfront costs How to choose between a 15 year and 30 year loan term Budgeting and investment strategies How to use points a...

It’s very tempting to house shop online and crunch all the numbers yourself before taking any steps in buying a home, but don’t wait around just because you aren’t sure. Talk to a loan officer first and see where you’re really at. Remember, the pull on your credit will only affect it by a few points. Talk to 3 lenders. Start with a big bank, then a local credit union, then a brokerage so you have...

Today we’re going to get into the nitty gritty of the different types of home loans available, what credit scores are required to qualify, and we’re going to debunk some myths. Kyle and I will cover: Conventional loans Mortgage insurance and PMI FHA loans VA loans for veterans USDA loans for rural areas Jumbo loans and loan limits Bank statement loans and down payment assistance Finding the right...

Welcome back to another mini-season of Confident Money! In the next few episodes I’ll be talking with Kyle Seagraves, Certified Mortgage Advisor, Licensed Loan Originator, and full-time home loan educator. In this episode, we’ll cover: What credit scores are and what they mean The difference between a soft pull and a hard pull Different types of loans What credit score numbers to aim for What kind...

Today, we’re going to dive into student loans, the moratorium, and types of debt. Student loans, although they are considered a “responsible” debt, can still seem crippling. Here are some things to consider concerning student loans: If your loans aren’t federal, then the moratorium on interest and collections does not apply. If you refinance or consolidate your federal loans, the moratorium won’t...

Following up from last week’s discussion about recession and what it is, I’m back with Brock to talk about some strategies we can use right now to prepare. Millionaires can be made during recessions. Opportunities abound for those who are able to take advantage of them. There’s a few things we recommend: Have 3 months of minimum monthly expenses saved up Don’t bail out on your investments, but don...

Today we’re going to discuss recession, what it is, and what to do during one. Spending is down, the stock market isn’t performing, inflation is out of control, interest rates are higher than we’ve seen since 1994, and we feel the effects everywhere in the economy and not just in the US.  It comes down to how we’re each living our lives financially. Do we have enough built up in our savings?...

Most things in life move in seasons. For me, that includes my business and work/life balance. In this episode, I’ll talk about the seasonality of my business, the way I’m feeling right now, and how my life balance shifts with the seasons. I have built my business so that there’s a busy season, a rest season, and gearing up, and during some months we work more than others. I’ve tracked my cycles so...

During this little mini-season I’m talking about topics that have impacted me personally. Today’s topic is a tough one: setting boundaries. If you’re not used to setting boundaries, it may be difficult to do and enforce. You may set one too far one way and have to back it off because it’s not sustainable. It’s okay for boundaries to shift depending on what season of life and work you’re in. ...

Welcome back! I had intended to only take a week off between seasons, but I realized that I had placed too many expectations on myself. That’s what I’m going to talk about in this episode. As businessowners especially we tend to set high intentions for ourselves. There’s a time and place for that, like tax season in my business, but there also need to be seasons of rest.  Where have you been...

Today I have Emily with me and she’s going to help us talk through some scenarios and possible personal financial blueprints from real life examples.  We’re going to look at the goals for each family, prioritize those, and outline some recommendations I have to help move them forward. We’ll talk about some possible plans for: Jason, married, 27, no kids, plans to buy vehicles and rental prope...

I came from a family with a lot of limiting beliefs around money. Rich people were considered bad, greedy, and evil. When my deep-seated belief was that I always had enough money, then I always had just enough money. In working through that, I realized that I was energetically unavailable for the abundant overflow of money that I desired. Basically, the brain can’t tell the difference between visu...

Decades ago, the standard career track looked like staying in the same company, climbing the ladder, for the entirety of your career. That’s not very realistic anymore. For many of us, we get itchy to move on after a few years.  That can actually work to your advantage. When you get a new job offer, I believe you should always, always negotiate. You’re in the strongest position to negotiate w...

A lot of what I do is making personal finances personal. I don’t agree with financial gurus that sell you their step-by-step programs because they don’t take personal goals and circumstances into account. I’m going to give you several different options for you to try out and use whatever works best for you.  Decide your time frame. What feels lightest for you? Prioritize 2 goals for that time...

In this culture of hustle and burnout, it’s easy to forget to have fun, plan time off, and have boundaries. There’s a time for “responsibility” and a time for YOLO. You have your own YOLO, treat yourself things. They look different for everyone, especially considering where you are with your business and financial situation. It may be like when I started scheduling one facial treatment a quarter....

More than ever before, it’s important to put a plan in place to make you feel financially secure, even with all the uncertainty all around us right now. Personally, I’m working towards being “work-optional” in the next 15 years. I want to have enough cash-flowing assets that my living expenses are covered, not needing to touch retirement accounts, and whatever work I do is gravy. Depending on wher...

Investing doesn’t have to be scary, and you don’t need a huge amount of money to get started. Just know that you’re really missing out if you’re only using savings accounts. Even high-yield savings accounts don’t keep up with inflation. Looking at retirement investments like IRAs, 401ks, or 403bs, you’ll have to choose some investment funds. Over a 10-year span, the stock market has always gone in...

There are many different kinds of debt, like student loans, mortgage, auto loan, credit cards, et cetera. I have a system for prioritizing how and when to pay those off, so get something to write with. First, write down each type of debt, the interest rate, minimum monthly payment, and payoff amount. Once you can see them all, put them in order from highest interest rate to lowest. In general, you...

Today we’re talking about what I call the “anti-budget.” If you’ve tried every budget solution under the sun and are still struggling, this episode is for you. The basic Anti-Budget system is like this: Money comes into your account. Prioritize bills that are due. Automate retirement, savings, or debt paydown goals The rest is for you. If you’re paying yourself, that means that you can choose when...

When it comes down to it, no matter how frugal you are, if you’re not making enough money to cover your expenses, your money isn’t going to work for you the way you need it to.  The thing is, you can only cut expenses so far.  Bottom line is that you need more income.  I do have a few tips for how to make the income-expense gap larger: Every few months, check your subscriptions.&nbs...

It’s not a riddle - I’m serious! As someone who has done the diets and programs and yo-yoing in general with my own health, I have found that there are a lot of similarities between the diet industry and the finance industry. Lots of restriction often leads to binge spending Large, long-term changes don’t happen overnight Resources available play a large role Drastic changes are harder to sustain...

I’m back for Season 2!  This season will cover all things personal finance, including: What the diet industry and personal finance have in common How to YOLO and treat yourself and still reach your goals How to make a savings plan Leveraging debt How to job hop and side hustle Limiting beliefs that may pop up   We cover ALL of this in the “Get Your Finance Sh*t Together” self-study cours...

It’s tax season… do you have your finance shit together? Do you have the right designations and deductions in order? The good news is that you have me!   We cover ALL of this in the “Get Your Finance Sh*t Together” self-study course at confidentmoneypodcast.com ! Join our community at confidentmoneypodcast.com where we’ll share tips and resources, and you can suggest topics for future ep...

Today we’re going to talk about bridging the gap between personal and business finances and creating habits and systems that are sustainable across both, because they’re not completely separate things.  What is your actual end goal? Hint: it’s different for everyone! Are your offerings aligned with what you’re good at, what you like to do, and what is profitable? What feelings come up around...