Myth: To be a true artist you must starve.

February 28, 2018

Erin Bagwell, Dream, Girl Director; Feminist Wednesday Founder

Do you really need to be a starving artist as you pursue your life’s passion? Many artists do allow the everyday pressures of simply making ends meet limit their growth and affect their money mindset. Kathleen interviews Erin Bagwell, director of the film Dream, Girl, about the myth that to be a true artist you must be poor and starving. 


  1. Many people are uncomfortable talking about money, but practice helps. Make time to practice engaging in money talks with a trusted friend or colleague. In time, these discussions will get easier.
  2. Find a tribe to support you and cheer you on as you change your money mindset from scarcity to abundance. Research shows that if you surround yourself with people who are committed to making and managing their money and letting go of under-earning tendencies, you are more likely to move up the socioeconomic ladder.
  3. Set aside a time each week to focus on your finances. If this is difficult for you to do, find an accountability partner such as a coach, a bookkeeper or another business owner. By making financial management a priority you will continue to learn and grow. 


Erin Bagwell is the founder of Feminist Wednesday, a feminist storytelling blog and the director of Dream, Girl a documentary film showcasing the stories of inspiring and ambitious female entrepreneurs. Dream, Girl premiered May 2016 at the White House and through her work with the film was named on Oprah's SuperSoul100. Dream, Girl is now available for public screenings and was the number one feminist film to watch by the Huffington Post. 

Special offer: Check out Erin’s eBook, Creative Money, it can be purchased here.


Myth: Your business will get you to retirement by itself

February 7, 2018

Josh Patrick, Stage 2 Planning Partners

Owning and running your own business has many aspects to it including if you want to sell your business in the future. Many business owners don’t realistically plan their exit strategy and believe that working hard in the business will reap financial rewards sufficient to fund their retirement. In this episode, Kathleen interviews Josh about the steps business owners need to take now to build a sustainable business that is saleable tomorrow. 

Take Aways:

  1. Be honest about your business. Is your business a lifestyle business (one that supports you financially now but is not saleable in the future) or a sustainable business that can be sold and run smoothly with you.
  2. Determine your short and long-term business goals. If you want to build a business that is saleable, you need to delegate, set up good operating systems, and have a strategic plan for your exit.
  3. Working with a consultant can help. Entrepreneurs are emotionally involved in their creation and often suffer from “shiny little light” syndrome (going from one idea to the next too quickly). Working with a consultant is a great way to learn the behaviors you need to succeed in business and set yourself up for a lucrative liquidity event. 


Josh Patrick is the owner of Stage 2 Planning Partners and is a serial entrepreneur who is obsessed with what makes a private business economically and personally sustainable. He has been a blogger for the NY Times,,, The Huffington Post and Open at American Express. He hosts the podcast, The Sustainable Business and is a regular blogger and Facebook Live presenter. For more information about his work visit or

Look for Josh’s Upcoming Book:

Check out for the latest on Josh’s new book, Sustainable: A Fable About Creating a Personally and Economically Sustainable Business, which was published in January 2018. Join his Facebook group and receive tips, tools as well as access to special promotional book offers.


Myth: For the average America, mutual funds are the only place to invest your savings

January 24, 2018

Janice Shade, Invest in Vermont, Milk Money -

Janice Shade firmly believes that you have more investment options than many people are aware of and that crowdfunding is the wave of the future. Listen to this episode, as Kathleen interviews Janice about how you can invest in small, local businesses and see a return on investment right in your backyard. (Note: The contents of this episode should not be considered investment advice.)

 Take Aways: 

  1. Investing in a local venture still has risk. Look at your risk comfort level and carve out 5-10% of your funds to invest in local companies. Don’t put all of your eggs in a local basket until you are savvier about investing in local companies or ventures. Diversification is always a good investment strategy.
  2. Just because you love a product or company doesn’t mean it is a good investment choice for you. It’s a great first indicator that you and others love the products or a company. But be sure to do your due diligence and look at the company’s business plan and history before investing. Find out more about the company’s leadership, mission statement, and short and long-term business plan before making a decision.
  3. The rubber hits the road when you look at the numbers of the company. Review the company’s profit and loss statement and consult with your financial advisor to help you assess the financial health of each enterprise. Here are some questions to consider asking the owner:
    • How does your company make money?
    • How much of your products or services do you think you are going to sell each year?
    • What are the costs associated with making your product or providing your service?
    • What are the other costs of running your business?

Numbers don’t lie and owners should be able to answer these basic financial inquires if they want you to invest in their business.


Janice Shade is the co-founder of Milk Money, a pioneering "invest local" crowdfunding platform that supports Vermont’s entrepreneurial ecosystem. She is also a founding board member of the National Coalition for Community Capital and is seen as a national thought leader in this burgeoning movement. Her entrepreneurial experiences are the basis of an upcoming book that explores the impact of traditional capital markets on social entrepreneurism and provides a vision for how "Main St. investors" can be a positive force for change in their communities. 

Janice received a B.S. in Finance from Boston University and an MBA in Corporate Strategy from Yale School of Management. She is an avid skier and hiker, and enthusiastic soccer/ballet Sherpa. She lives in Jericho, VT, with her husband, two daughters, and dog.



Myth: I’ll know when I’ll need help managing my finances when I’m old.

January 10, 2018

Dr. Carolyn McClanahan, M.D. CFP®, Director of Financial Planning, Life Planning Partners    

People tend to be in denial about needing help managing their finances and everyday life routines as they get older. The consequences of not talking about and planning for the aging process with your family can be emotionally and financially devastating. The good news is financial planners like Carolyn McClanahan know the risks are high and work with their clients and other advisors to make sure these conversations are occurring. In this episode, Kathleen interviews Carolyn about this myth and how you and your family members can bust through it before it’s too late. 

Take Aways: 

  1. Consider creating a Financial Care Taking Plan. This plan answers the question, “Who will take care of your finances if you become unable to do so?” Take time to consider how financial decisions will be made if you get into an accident, have a medical crisis, or experience some cognitive decline that prevents you paying bills, managing your investments, and making sure your assets are protected. Let family members know where accounts are and consider adding them to these accounts in case of emergency.
  2. Decide on the best living situation as you age. Talk with your family and your healthcare professional about your options. If you want to continue to live in your home as you age, find out what type of home healthcare is available, the cost of the care, and what home improvements (ex. adding hand railing in the bathrooms or making the home wheelchair accessible) Also explore assisted-living housing options in your area in case staying in your house no longer becomes feasible.
  3. Determine when you will stop driving. Driving is one of the hotter topics family members have to deal with as their parents or spouse age. Be proactive and design a transportation plan for getting around if you no longer can drive. Many families use car services, taxis, and Ubers in addition to enlisting relatives to help out. It helps to designate a family member now, when you are capable of driving, to let you know when it is time to get off the road.
  4. Communicate your healthcare wishes. Make sure you craft an estate plan with an estate attorney’s help that includes a healthcare proxy. This is a fancy word for designating a person to make healthcare decisions if you are not medically or emotionally capable of doing so. Ask yourself, “Who will help you make or to make the healthcare decisions if you cannot speak for yourself?” Once you have decided on a health care proxy, communicate your preferences for your end-of-life care. While this is a topic that may be hard to focus on now when you are healthy, letting your family know your wishes is a gift that will reduce stress and be comforting as they prepare to say goodbye. 

In addition to Breaking Money Silence: How to Shatter Money Taboos, Talk More Openly about Finances, and Live a Richer Life, check out this book, Fierce Conversations by Susan Scott as it is one of Carolyn’s favorites. 


Dr. McClanahan is a physician turned financial planner who speaks regularly on the interplay between health and financial issues, particularly regarding aging, chronic illness, end-of-life, long-term care, healthcare reform, and healthcare costs. She is also co-founder of WHealthcare Planning, the gold standard in aging planning software, and writes for Forbes and Financial Planning Magazine.  Dr. McClanahan is quoted regularly in the Washington Post, New York Times, and CNBC. She has also been featured on NPR.


Myth: Women are not interested in finance.

December 18, 2017

Kathleen Peace, Partner and Financial Consultant, Woodgate Financial

Join Kathleen and her guest Kathleen Peace as they bust this myth wide open and show you how women are just as savvy and interested in finances as men. Find out how even women who are labeled as “gold diggers” are demonstrating their interest in money and wealth, and discover tips for challenging your thinking when it comes to this fallacy. 

Key Take Aways 

  • Women investors and traders actually perform better than their male counterparts due to their calm, and more methodical approach to managing and investing money. 
  • Listeners should ask the women in their lives (wives, mothers, sisters or daughters) if they are interested in finance. If these women say no, then find out why not. For those who truly are disinterested, use this underlying cause as a pathway into making financial conversations more relevant to their lives and give them a positive experience of talking about money. 
  • To find out more about where your money is going, track the inflows and outflows of cash in your life. Seeing where the money flows is a great place to start examining if you are using your resources in a way that is congruent with your values and goals. 


Kathleen Peace, Partner and Financial Consultant, Woodgate Financial, has more than two decades of experience in the financial industry and has dedicated her career to being an ally and resource for female entrepreneurs. 

After spending the first half of her working life on Bay and Wall Streets, she returned to Toronto to start a family and spend more of her professional life directly helping people. Now she combines her financial prowess and love for building community by acting as a personal CFO and champion to a group of driven, successful women. 

Her specialties include corporate reorganization, planning for and effectively managing liquidity events, socially responsible investing, financial issues of divorce and estate planning.


Myth: Parents must protect their children from college financing decisions

October 11, 2017

Ryan Lane, Senior Editor, American Student Assistance 

The college selection process is complex and stressful, and many parents fail to discuss the long-term financial ramifications of taking on student loan debt with their children. In today’s episode, Kathleen and Ryan discuss how many parents try to protect their children by not talking about money, but do the family a disservice by not engaging in this important and enlightening conversation. Ryan offers tips for involving your children in the college funding decision-making process and how doing so can help them avoid huge student loan debt when they graduate from school. 

Take Aways: 

  1. Start the college application process early by involving your children in the FAFSA process and talking about different ways to finance their education, such as loans, grants, scholarships, and good old hard work.
  2. Schedule a money talk with your children to discuss the FAFSA results, repayment schedule, how it may affect their college choice. Create a mock budget to demonstrate the long-term, real-life impact of each of the funding options.
  3. When discussing this topic with recent graduates, encourage them to pay down student loans faster by making an extra payment per year. Have your child calculate the amount of money saved by avoiding additional interest expenses. Then brainstorm all the other ways they could use this cash. For example, if you save $1000 in interest expense, what could you buy instead? A long weekend in Bermuda comes to mind?!

Guest Bio:

Ryan Lane is the Senior Editor, at the national nonprofit American Student Assistance. In his role, he oversees the development of articles, infographics, course materials for the organization’s free education finance support program: Salt. Working with internal and external subject matter experts, Ryan creates content that simplifies the world of college financing and helps families successfully plan for, pay for, and repay higher education expenses. Over the past three years, he has written about student loans as a co-author of the U.S. News & World Report Blog "The Student Loan Ranger." For more information about Ryan and the ASA, visit


Myth: Spending is bad

September 25, 2017

Brittney Castro, CFP®. CRPC®, AAMS®, Founder and CEO, Financially Wise Women 

Many of us grew up with the financial psychology mindset that spending money is bad. For example, do you cringe when you spend money or feel guilty? Do you hide your spending from family members? If so, then today’s episode is for you. Kathleen interviews Brittney Castro about spending – the good and the bad – and busts the myth that all spending is bad. Listen in and you may find that this show affects your spending habits and your romantic relationships. 

Take Aways: 

  1. Conscientious spending is an important part of an overall financial plan. Therefore, when you develop a budget, it’s important to allocate money towards areas that you value most. These areas are those that bring you happiness or joy in your everyday life. For example, one area may be self-care. Investing in restorative activities makes you better able to take care of others and achieve more life/work balance.
  2. Money is a tool to invest in yourself for the long term. By investing in yourself in the long term, you can gain more self-confidence and strengthen your relationships. It’s all about the journey and progress over perfection.
  3. Don’t be afraid to ask for help. There is no limit to the help you can ask for and actually asking for assistance makes your life easier and more fun! So build a team or find the resources to help you achieve your goals. As I always say, “Practice receiving!

Guest Bio:  

Brittney Castro is the founder and CEO of Financially Wise Women, a Los Angeles-based financial planning firm whose mission is to teach women and couples the art of managing their money the fun and simple way. As a Certified Financial Planner® and speaker, Brittney works with busy professional women and couples who are ready to make their finances work for them and use their money to live the lives of their dreams. 

You may have seen Brittney on CNN, CNBC, or CBS. Or you may have read her articles in The Wall Street Journal, The New York Times, or Glamour. Because she just loves spreading her wisdom about finance, entrepreneurship and smart investing to the masses. Follow her on twitter @BrittneyCastro.   

Special Offer: Free Money Class training series - Get access to the trainings here. Brittney has put together a free video training series that talks about what it really takes to be confident, empowered and feel intelligent in this area of your life. Full disclosure, KBK is an affiliate for this program.  Click here ( to learn more.



Myth: Only male entrepreneurs are interested in growing their businesses

September 13, 2017

There are many myths about entrepreneurship that can reinforce stereotypes, one of which is that only men want to grow their businesses. Kathleen and Ann bust open this myth and teach listeners the facts about female entrepreneurs and their desire to compete with the big boys. Listen in to their discussion about how women entrepreneurs can position themselves for growth, obtain venture capital, and overcome roadblocks they may face in the process. 

Key Take Aways: 

Women entrepreneurs are interested in growing their businesses but typically approach the growth process differently than their male counterparts. 

Research shows that venture capitalists and bankers ask business owners different questions based on gender and these inquiries influence how funding is provided. 

Both women entrepreneurs and the financial services professional who work with them need to learn how to communicate in a more gender savvy manner and how doing so is a win for both their businesses and their clients. 

Guest Bio: 

Ann Bradt, co-founder of Capital Ready is an accomplished expert in the financial services industry, implementing progressive people strategies for over two decades as a human resources professional at a major Canadian bank. Her extensive experience includes talent planning, leadership development, executive succession, and developing learning strategies. Ann’s passion and drive have equipped her with a broad knowledge of the industry, with her career spanning Canada, the United Kingdom, and the United States. 

Capital Ready work with established businesses to help them grow and offer strategic blueprints and action plans to assess barriers and identify opportunities to optimize human and financial capital. To learn more about Capital Ready, visit Follow us on twitter @CapitalReadyInc



Myth: Keeping business costs as low as possible maximizes profits

August 23, 2017

Many business owners believe they should maximize their profits by keeping their expenses as low as possible. In this episode, Ken Lizotte and Kathleen explore when, how, and why to invest in yourself and in your business and how that leads to sustainable profitability. As you find out, spending money to develop skills or expand your business can actually set you apart from the competition. It is what both these successful thought leaders have done, so listen in and find out how to bust this myth wide open.

Key Take Aways:  

  1. Anticipate expenses. As Ken says, when you do your annual budget, set aside some resources for marketing and personal growth courses or coaching.

  2. Trust your gut. Not all investments, coaches or training programs are for all people. Do your research, and then trust your instincts.

  3. Learn from your mistakes. Part of being a business owner is taking risks and sometimes failing. When you realize that you have made a poor investment of your time or money, change course. It can be difficult to realize you have made a mistake, but the sooner you do and the quicker you change course, the better off you and your business will be. 

Guest Bio:

Ken Lizotte is the author of seven books including his most recent The Speaker’s Edge: the Ultimate Go-To Guide for Locating and Landing Lots of Speaking Gigs (Maven House Press) and The Expert’s Edge: Become the Go-To Authority that People Turn to Every Time (McGraw-Hill). He is the Chief Imaginative Officer of emerson consulting group inc., a Concord, Massachusetts, consulting firm that transforms speakers and consultants into “thought leaders” by helping them write and publish their ideas as articles and books. Kathleen has worked with Ken since 2010.

Ken lives in Concord, Massachusetts, with his wife Barbara, daughter Chloe, and Golden Retriever puppy Beckett.

Special Announcement: Check out Ken’s latest collaboration, What Would Henry Do? Essays for the 21st Century” with Introduction by Ken and featured essays by 40 scholars, activists, authors, and celebrities including President Jimmy Carter. Published by Thoreau Farm, the birthplace of Henry David Thoreau as a fundraiser.  


Myth: It is okay to ignore your finances.

May 24, 2017

Anne Dickinson, Eye on Your Business

When business owners buy into the myth that it is okay to ignore your finances, their bottom line probably suffers. In this episode, Kathleen interviews Anne about how not knowing “your numbers” negatively affects your business and how more female business owners than men may suffer from this myth.

Listen and learn:

  1. Why financial knowledge is power, and how learning more about your business finances boosts confidence.
  2. How to take one small step at a time to get organized and how working with a bookkeeper can help.
  3. What it takes to be more financially savvy and how taking action reduces your stress and improves your decision-making.

Special Offer for Breaking Money Silence Podcast Listeners:

FREE Webinar, 5 Ways to Keep More of the Money You Make on June 14, 2017, at 3:00 p.m. Eastern. Click here to learn more.

Million Dollar Message Retreat, May 26 – 28, 2017, Toronto

Anne Dickinson is the cash flow and profits optimizer. She uses her profit leaks x-ray vision to help overwhelmed business leaders take back control of their business finances, stop money from falling through the cracks, and make moves that result in more money, more time, and more freedom.

Creator of the Stop the Profit L.E.A.K.S. Formula™, Anne isn’t afraid to get her hands dirty as she works side-by-side with business leaders to identify and eliminate money leaks, ignite profits and improve cash flow and liquidity to create a strong, healthy business.

Anne has an MBA from Babson College, worked in the Defense and High Tech industries, packaged and sold assets, dissected and improved operations, set up Treasury departments, and owned successful entrepreneurial ventures.