October 25, 2025 • 27 mins
This week on Safe Money Strategies, Kelly Kelly and her son William share some joyful family news from William’s acceptance to Bryant University to celebrating fifteen years with Kelly Financial advisor Greg Murray. The conversation turns heartfelt as they reflect on community, faith, and the people who lift us up in difficult times.
Plus, Mike Doucette and Greg Workman share a real-life retirement case, showing how one couple turned years of hard work and real estate into steady income they can count on. Mary Madeline Kelly and Greg Murray break down the basics of trusts - when to set one up and how it can bring clarity and peace of mind for your family. Kelly and William return later in the hour to discuss how to build a holiday budget that protects your retirement while keeping the joy in the season. The show closes with timeless wisdom from the late Bill Kelly - words that continue to inspire families across New England.
Make Safe Money Strategies part of your Saturday night tradition. Have questions or want to schedule a complimentary consultation? Call 888-800-1881 or email kelly@kellyfinancial.org.
Plus, Mike Doucette and Greg Workman share a real-life retirement case, showing how one couple turned years of hard work and real estate into steady income they can count on. Mary Madeline Kelly and Greg Murray break down the basics of trusts - when to set one up and how it can bring clarity and peace of mind for your family. Kelly and William return later in the hour to discuss how to build a holiday budget that protects your retirement while keeping the joy in the season. The show closes with timeless wisdom from the late Bill Kelly - words that continue to inspire families across New England.
Make Safe Money Strategies part of your Saturday night tradition. Have questions or want to schedule a complimentary consultation? Call 888-800-1881 or email kelly@kellyfinancial.org.
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Episode Transcript
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Speaker 1 (00:00):
Discover safe money strategies with Kelly Kelly and her team.
Called Kelly Financial at eighty eight eight hundred one to
eighty one, or visit Kelly Financial dot org.
Speaker 2 (00:15):
Hello.
Speaker 3 (00:15):
This is Greg Murray, Senior vice president and Chief Compliance
Officer at Kelly Financial Services. Join me this evening is
Mary Madeline Kelly, one of our wealth provisors. How are
you doing tonight?
Speaker 2 (00:25):
Hi?
Speaker 3 (00:25):
Greg?
Speaker 4 (00:25):
I am doing great. My family and I had a
wonderful time with you and Diane last weekend celebrating your
fifteen years with Kelly Financial. We had a very special
dinner in Newport at one of our favorite restaurants, the
Clark Cookhouse. I want to say thank you again for
the gift you guys brought from Mellie. She loves her
new toys.
Speaker 3 (00:44):
It was a very fun time. We have never been
to Clark Cookhouse before. It was a fantastic experience filled
with good people, good food, and a lot of laughter.
Too bad we had to head home earlier. We probably
would have stayed another three hours. And you know, I'm
really glad that Melly enjoys her toys. She deserves every
single one that you got, and Boo is extremely happy
to share them with her.
Speaker 4 (01:04):
She certainly does, and I'm really excited that we're talking
about this topic tonight.
Speaker 5 (01:09):
Trusts.
Speaker 4 (01:10):
It's one of those words people hear a lot but
don't always understand.
Speaker 5 (01:13):
What is a trust?
Speaker 4 (01:15):
Do I need one? And when does it actually make
sense to set one up exactly?
Speaker 3 (01:19):
For many people, the word trust sounds complicated or like
something only the very wealthy use, But in reality, trusts
are just tools, legal and financial tools. They can help
you control what happens to your assets, both during your
lifetime and after you pass away.
Speaker 4 (01:32):
I like to explain it this way. A trust is
like a container that holds your assets, things like your home, investments,
or life insurance. You still decide how everything is used,
but you're putting it under the care of the trust
so it can be managed according to your wishes.
Speaker 3 (01:47):
That's a great visual. And there are two main types
of trusts that people hear, both the most revocable and irrevocable.
Irrevocable trust, sometimes called the living trust, can be changed
or canceled while you're alive. An airrevocable trust, on the
other hand, can't be easily changed once it's set up exactly.
Speaker 4 (02:03):
Revicable trusts are great for people who want flexibility and control.
They can help avoid probate, which is part of the
court process that your estate goes through when you pass away,
and make it easier for your loved ones to manage things.
Speaker 3 (02:15):
And avoiding probate can be a big deal. It saves time,
it saves money, and it keeps your financial matters private.
Without a trust, her a state could be tied up
in court for months and everything becomes public record.
Speaker 4 (02:26):
Yes, and that's one of the main reasons people choose
to set up a trust. They want privacy and efficiency.
It's not just about wealth, it's about organization and making
things easier for your family now.
Speaker 3 (02:38):
And irrevocable trust is a bit different. Once you transfer
assets into it, you're giving up control, but in return
you can get potential benefits like protection from certain taxes, creditors,
or even long term care costs.
Speaker 5 (02:49):
Depending on how it's structured.
Speaker 4 (02:51):
Irrevigable trust can be helpful for a state tax planning
or for people who want to make sure certain assets
are protected for future generations. So used to medicate planning
to help manage how assets are counted if someone needs
nursing home care later on.
Speaker 3 (03:06):
And I think that's where professional guidance is so important.
Trusts aren't one size fits all. What works for one
person may not work for another, depending on their age,
family situation, and their financial goals.
Speaker 4 (03:16):
Absolutely. For example, someone in their forties or fifties with
young kids might use a trust to make sure their
children are taken care of if something happens to them.
The trust can specify when and how the kids receive
the money, maybe at certain ages or for specific purposes
like education.
Speaker 3 (03:33):
Yes, and for retirees, a trust might be more about
simplifying the transition of wealth. Instead of having assets spread
across multiple accounts or states, everything is consolidated under one
plan with clear instructions for your heirs.
Speaker 4 (03:44):
And it's also worth mentioning that a trust can help
prevent family conflicts. When everything is clearly spelled out in writing,
who gets what, when and how, it can reduce tension
and confusion during an emotional time.
Speaker 3 (03:57):
That's such a good point. We've seen situations where families
have avoided serious disagreements because the trusts outline everything clearly.
It gave them structure and peace of mind exactly.
Speaker 4 (04:07):
So to summarize, setting up a trust makes sense when
you want to avoid probate and keep your affairs private.
You want to control how and when your assets are
passed down, and when you want to protect assets from taxes, creditors,
or long term care costs.
Speaker 3 (04:21):
Perfect summary, It'll add one more reason when you simply
want to make things easier for your loved ones, a
trust can make managing your states seamless instead of stressful.
Speaker 4 (04:29):
That's so true, and you don't have to wait until
you're older or have millions of dollars to start the process.
If you have a home, savings, or family members you
care about, it's worth looking into.
Speaker 3 (04:39):
And that's where planning comes in. At Kelly Financial Services,
we work closely with estate planning attorneys to make sure
our client's financial plans and their legal documents work hand
in hand, because.
Speaker 4 (04:48):
At the end of the day, a trust isn't just
a legal document. It's a way to protect your legacy
and make sure your wishes are carried out the way
you intend.
Speaker 3 (04:56):
Well said, so, if you're listening tonight and wondering whether
a trust might make make sense for you, we'd be
happy to help and explore your options.
Speaker 4 (05:03):
We can walk you through how a trust could fit
into your retirement or a state plan and connect you
with the right professionals to get it set up properly.
Speaker 3 (05:09):
Well, get back to playing with Melly and I'll talk
to you next week.
Speaker 4 (05:12):
I will have a great weekend.
Speaker 1 (05:14):
Greg Save Money Strategies with Kelly Kelly and her team.
Call Kelly Financial at eighty eight eight hundred and twenty
and one or go to Kelly Financial dot org. That's
Kelly at Kelly Financial dot org.
Speaker 6 (05:36):
Welcome back to Save Money Strategies. I'm Kelly Kelly here
with my son William Junior. In this segment, we'll get
practical how to design a holiday budget that keeps your faith,
family and finances aligned.
Speaker 5 (05:52):
Let's start with a simple framework. First, set a cap.
Speaker 1 (05:55):
Choose a number that feels right for your comfort level
and your financial plan. Then it by category so you
can see where your money will go before it leaves
your account.
Speaker 6 (06:04):
Instead of thinking in dollars, picture your holiday budget as percentages,
maybe around thirty five to forty percent for gifts, around
twenty five percent for food, twenty percent for travel, and
smaller shares, say five to ten percent for decor, hospitality
(06:24):
or charitable giving. And every year you can shift those
percentages some families choose to give more to charity one
season and scale back on gifts, turning it into a
more meaningful and even tax smart holiday. Whatever mix fits
your values, write it down and commit to it.
Speaker 1 (06:45):
Next, create a small savings runway, even if you're starting late.
Begin setting aside a small weekly amount whatever feels comfortable.
That steady habit builds discipline, and next year you'll arrive
at December with cash ready and stress reduced.
Speaker 6 (07:00):
Shopping strategy matters. Enter every store physical or online with
a written list. If it's not on the list, it
does not go into the cart. Use price alerts for
planned items, and avoid browsing just to see that phrase
has busted more budgets than any grinch ever could.
Speaker 5 (07:22):
Be intentional with deals.
Speaker 1 (07:24):
Black Friday and Cyber Monday can help for pre plant purchases,
but unplanned door busters are where budgets break. And remember,
if you use rewards or cash back programs, pay the
statement in full so the bank doesn't reclaim your savings
in interest.
Speaker 6 (07:38):
Consider meaning over money for gifts. Handwritten letters, framed photos,
recipe books, or recordings of family stories become treasures. Experience gifts,
game nights, movie tickets, volunteer days create memories that last
(07:58):
far longer than gadgets.
Speaker 1 (08:01):
Let's talk about travel and hosting, the two biggest levers.
Flex your travel days by even a day or two
to lower fares, or consider driving instead of flying. If
you're hosting, make it collaborative. Potlock sides, a shared dessert table,
or bring your best soup.
Speaker 2 (08:15):
Nine.
Speaker 5 (08:16):
People love contributing and it lightens your bill.
Speaker 6 (08:18):
Here's one of my favorite examples, what we call the
menu swap. To save. One family we know swapped out
a pricey beef roast for a holiday ham On special,
then turned dessert into a neighborhood cookie exchange. The total
savings covered their entire grocery run the next week, and
(08:40):
everyone loved it.
Speaker 1 (08:41):
Those kinds of swaps out up quickly when you make
them part of a plan instead of a panic.
Speaker 6 (08:46):
Keep credit and cash under control. Debit or envelopes can
anchor discipline. When the envelope is empty, you're done. And
if you use credit for rewards or protections, set a
from pay the balance in full by the first of January. Statement,
don't carry December into February.
Speaker 1 (09:07):
Track as you go. A simple Ledger paper up keeps
you honest. Note the date item and running total awareness
alone can trim spending by fifteen to twenty percent because
you're no longer guessing.
Speaker 6 (09:20):
Mind the shipping deadlines, circle free shipping days, and carry
your cutoff so you're not paying rush fees. Order earlier
than you think you need to. Time really is your
ally when it comes to saving money.
Speaker 5 (09:34):
Bring the family into the conversation.
Speaker 1 (09:37):
Set expectations with kindness, maybe a name draw or a
spending cap. When everyone understands the plan, the pressure drops
and the joy rises.
Speaker 6 (09:45):
We call that a legacy holiday, where gratitude and presence
lead and the spending follows the plan instead of driving it.
Simplicity invites connection.
Speaker 1 (09:57):
Here's a quick checklist to make this real. One Write
your total cap and categories on one sheet and post
it on the fridge.
Speaker 2 (10:05):
Two.
Speaker 1 (10:06):
Open a small holiday checking sub account to isolate spending.
Three set text alerts for purchases over a set amount.
Four schedule one review mid December to confirm.
Speaker 5 (10:17):
Your on track great list.
Speaker 6 (10:18):
I'll add a couple more pre book travel with refundable
options to stay flexible and plan menus around what's in
season or on promotion. Think hardy root vegetables and affordable
cuts instead of high price specialty meets. It still feels
festiv just smarter.
Speaker 1 (10:38):
After the season, take thirty minutes for a quick tune
up review what worked and what didn't. If spending ran high,
scale back a January expense to offset it. If you
came in under budget, roll the surplus into savings or
next year's holiday account.
Speaker 6 (10:51):
It is also the perfect time to review your credit,
make sure balances are cleared, check statements for returns or errors,
and verify rewards were properly credited. Then file receipts neatly.
Don't start the new year buried under paper.
Speaker 1 (11:08):
And that's where financial planning reconnects with the big picture.
Once you've wrapped up the holiday, meet with a fiduciary
advisor for your year end portfolio. Check adjust withdrawals, rebalance
if needed, and confirm your income strategy heading into the
new year.
Speaker 6 (11:21):
And that's the idea behind our holiday income review invitation.
It's a complementary meeting with one of our fiduciary advisors
to make sure your retirement income plan supports your lifestyle,
giving and long term goals without stress or surprises.
Speaker 1 (11:40):
To schedule your holiday income review or request our free guide.
Will your money last as long as you do? Call
eight eight eight eight hundred one eight eight one or
visit Kelly Financial dot org. It's the best way to
begin the new year feeling organized, confident, and in control.
Speaker 6 (11:58):
Smart spending does not limit your joy, It extends it.
When you plan with intention and protect what you've built,
every season feels wider.
Speaker 1 (12:08):
This is William Kelly alongside Kelly Kelly. Thanks for spending
time with us tonight. There's more great content coming your
way on safe money Strategies. Safe Money Strategies with Kelly
Kelly and her team. Called Kelly Financial at eighty eight
eight hundred twenty one or go to Kelly Financial dot org.
That's Kelly at Kelly Financial dot org.
Speaker 5 (12:32):
Welcome back to Safe Money Strategies.
Speaker 7 (12:33):
I'm Mike Ducett, joined as always by Greg Workman. In
part one, we talked about how Joe and Maria's retirement
income plan came together, layering Social Security IRA withdrawals, real
estate income, and even proceeds from selling their home.
Speaker 8 (12:47):
That's right, Mike, and we started digging into the importance
of tax efficient with Darles. Because taxes do not stop
when your paycheck does. In fact, they can become even
more complicated exactly.
Speaker 7 (12:59):
That's why one of the first steps we took with
Joe and Maria was to map out a year by
year withdrawal strategy. We looked at which accounts to pull
from first, how much to take, and how those decisions
would affect their taxable income each year.
Speaker 8 (13:13):
And what a lot of retirees don't realize is that
every withdrawal can impact things like your Medicare premiums, your
tax bracket, and even the taxation of your Social Security benefits.
It's all interconnected.
Speaker 7 (13:26):
That's why we recommend starting your tax strategy before you retire.
Joe and Marie are still working, which gives them a
window to do roth conversions at lower rates, rebalance investment accounts,
and move idle cash into tax smart vehicles.
Speaker 8 (13:39):
We also walked the couple through these what if scenarios.
What if tax rates go up in the future, What
if they need access to more income in any given year.
By diversifying across taxable, tax deferred, and tax free accounts,
they can control their taxable income and retirement, not the
other way around.
Speaker 5 (13:58):
That's the essence of proactive plan.
Speaker 7 (14:00):
Taxes will always be there, but with a thoughtful strategy,
they don't have to be a surprise.
Speaker 8 (14:05):
Next, we moved on to Social Security, which is one
of the most misunderstood and also one of the most
powerful pieces of the retirement income puzzle.
Speaker 7 (14:14):
Absolutely Joe and Marie's plan showed us how much difference
timing can make. Joe's sixty two now and wants to
retire around sixty eight.
Speaker 5 (14:22):
Maria is fifty.
Speaker 7 (14:23):
Nine and will be sixty five by then, right when
she becomes eligible for Medicare.
Speaker 8 (14:28):
That age difference makes timing critical. Joe could claim his
benefits at sixty two or sixty three, but doing that
would permanently reduce his monthly income. By waiting until full
retirement age or even up to age seventy, he can
increase his benefit by roughly eight percent for every year
he delays past his full retirement age.
Speaker 5 (14:49):
And here's where it gets interesting.
Speaker 7 (14:51):
Maria's own benefit is smaller because she spent years out
of the workforce, but she can claim a spousal benefit
up to fifty percent of Joe's full benefit, depending on
when each of them files.
Speaker 8 (15:02):
So we ran several scenarios showing what happens if Joe
delays and Maria claims earlier versus if both delay. We
also layered in how there are other income sources. The
sep I RA, the rental properties, and eventual home sale
all fit around those Social Security decisions.
Speaker 7 (15:19):
And it turns out that delaying Joe's benefit made a
lot of sense for them. It's not only increased their
lifetime income, but also strengthened Maria's survival benefit, which is
something many couples overlook.
Speaker 8 (15:31):
That's a great point. Social Security is more than just
a check. It's also a form of longevity insurance. The
longer you live, the more valuable that higher benefit becomes.
Speaker 5 (15:41):
And it's tax friendly too.
Speaker 7 (15:43):
Depending on how you structure your income, you may be
able to reduce how much of your Social Security is taxable.
That's why it's so important to coordinate it with your
withdrawal strategy.
Speaker 9 (15:52):
Right.
Speaker 8 (15:53):
It is not just about picking a random age to file.
It's about integrating Social Security into your broader retirement plan
so that everything income, taxes, and legacy all works together.
Speaker 7 (16:05):
Now, let's talk about the other big part of Joe
and Maria's plan, their real estate and investments.
Speaker 8 (16:10):
Joe has done a great job building equity through those
three South Boston rental properties. But like a lot of
real estate investors nearing retirement, he's realizing that managing multiple
properties can be both a blessing and a burden exactly.
Speaker 7 (16:25):
Real estate provides tangible, inflation resistant income, but it's not liquid.
You can't sell a window or a bathroom to pay
your property taxes. That's why we talked about balancing those
properties with more flexible investment accounts.
Speaker 8 (16:38):
We looked at their rentals as part of their overall portfolio.
Two of the condos are long term rentals they hope
to leave to their children, but the third, the one
they'll live in, will eventually be their downsized home base.
Speaker 5 (16:53):
And that's a great approach.
Speaker 7 (16:54):
Using the proceeds from selling their Tuksbury home gives them
liquidity to cover living expenses in emergency needs, while the
rental income continues to provide a steady stream of cash flow.
Speaker 8 (17:05):
We also reviewed what would happen if the rental market
changed or if Joe couldn't maintain the properties himself down
the road. Having a plan for those what ifs gives
them flexibility to sell one property later and reinvest the
proceeds if needed.
Speaker 7 (17:21):
And from a legacy standpoint. We discussed ways to structure
ownership and estate planning so that when their kids inherit
their properties, they receive a step up in cost basis
that can eliminate a significant amount of potential capital gains
taxes for the next generation.
Speaker 8 (17:37):
That's right, So whether it's real estate investments or retirement accounts,
everything should be coordinated, not looked at as silos. The
best plans balance income today, growth for tomorrow, and an
efficient transfer for the future.
Speaker 7 (17:51):
And Joe and Marie's plan does just that. They'll have
predictable income tax flexibility and an organized the state strategy
that reflects their goals and vas values.
Speaker 8 (18:00):
If Joe and Maria's story sounds familiar, maybe you've saved,
built equity in real estate, or have several different accounts
but no clear plan.
Speaker 5 (18:09):
This is the time to get started.
Speaker 7 (18:11):
That's exactly what our Safe Money Strategies workbook is designed
to do. It helps you see your full financial pitcher, income, taxes, investments,
and legacy all in one place.
Speaker 5 (18:22):
And it's complementary for our listeners.
Speaker 8 (18:24):
Just visit Kelly Financial dot org or give our office
a call and we'll happily send you a copy with that,
I'm Greg Workman.
Speaker 5 (18:32):
And I'm Mike du Said. Join us next week for
more safe money strategies.
Speaker 1 (18:39):
Discover safe money strategies with Kelly Kelly and her team.
Call Kelly Financial at eighty eight eight hundred one eighty
one or visit Kelly Financial dot org.
Speaker 6 (18:50):
I'm Kelly Kelly from Kelly Financial. Whether you're in your forties, fifties,
or sixties, financial advice is important when it comes to
preserving your nest egg. We have a free investor guide
called designing your Fiscal House to Weather the Elements, which
highlights the steps needed to build a balanced portfolio. For
the guide, call eight eight eight eight hundred and eighteen
(19:12):
eighty one or email Kelly at Kellyfinancial dot org.
Speaker 5 (19:16):
We're Kelly Financial.
Speaker 6 (19:18):
Come retire with us. Each week, we like to pause
for a moment and share a story from Bill Kelly,
my late husband and the co founder of Kelly Financial Services.
His words continue to remind us of what really matters
in life and in business. This one takes us back
(19:41):
to bailey Brook Farm, where peddlers, paper roots and neighbors
shaped a young boy's view of work, responsibility, and community.
It's a reminder that The values learned early on, honesty, effort,
and connection still guide us today.
Speaker 5 (19:58):
Here's Bill Kelly.
Speaker 2 (20:00):
We used to have a man named mister Pick come
by our house in his station wagon. I guess the
best term to describe him would be the word peddler.
He arrived every two weeks on a Thursday, delivered the
items my folks had ordered, and took another order. We
also had a bread man, believe it or not, I
think his name was Hank. He would drive up to
(20:23):
the farm in a big red bread truck and his
company was called Arnold's Bakery. He was a handsome guy
and looked like a movie star to me. The minute
he arrived, we would climb into his truck looking for
toll house cookies. They were something you couldn't get anywhere else.
Needless to say, it was pretty exciting. When Hank came.
(20:44):
We'd all run up the lane. It was three quarters
of a mile to get to the farm, but whenever
he'd turn off Paradise Avenue which led up to the farm,
we'd chase him. When he reached the house, he'd have
either toll house cookies or hermits. The hermit was it
like a blond brownie it had raisins and a certain
cinnamon taste to it. We loved hermits. There was a
(21:06):
whole cast of characters who came to our farm. Mister Silveria,
the chicken feed man. There was also the lumber truck
that came with shavings for the hen coops, the fuller
brush man, mister Blankenship who would bring brooms, mops, and
cleaning supplies. We lived on a farm with now seven kids,
my grandfather and my parents. Needless to say, the odors
(21:30):
of the farm were generally not very pleasant, so when
mister Blankenship came and sprayed a few things around, it
was like you were suddenly in heaven. The carters would
come by for eggs and puppies from Minnie's most recent litter, Pete.
The barber would take any leftover puppies to a shop
on Broadway and sell them for two dollars each. That
(21:52):
cast of characters is still there when I visit the farm.
In my mind, the farm is long gone and it's
hard to find the place where it once sat. When
I was nine, I got a huffy bike with dual
baskets on the back from my paper route. I bought
the route from Lionel Peabody, who told me it was
the best paper route in New England. Lionel didn't exaggerate.
(22:15):
Paradise Avenue ran along a brook. I could stop, grab
a salamander and bring it home to put in the aquarium,
or I could pick some raspberries as the summer wore on.
To me, a Huffy bike was just about the coolest
thing a kid could ever have. I used to polish
it the way you'd polish the finest sports car on earth.
(22:36):
To me, that bike was everything. I can remember as
if it were yesterday, making sure the gears were oiled
and the brakes worked. Imagine riding down a snowy street
on a three speed Huffy bike in the middle of
winter with one hundred and fourteen newspapers to deliver. The
headlamp was run by a generator that was powered by pedaling,
(23:00):
so every time you stopped, the headlamp would go out.
The Huffy allowed me to deliver the papers and allowed
me to make more money so I could perhaps buy
another bike. With it, I could actually make a living.
I learned to fix the Huffy when it broke down,
and Graham helped me to fix the flat tires. The
common problems on that particular bike were the sprocket and
(23:22):
flat tires. The sprocket was the part of the bike
that transferred power from the chain to the back tire.
Changing a sprocket meant bringing the bike to the bike shop.
The bike shop was at the bottom of our lane.
Although I lived in a residential farm area, there was
a shop called Everett's Lawnmower Shop, which was essentially half
(23:45):
a barn in someone's backyard. I would bring my bike
there because Everett, I think his name was Everett Barker,
knew how to fix any kind of bicycle, Plus he
could order sprockets. While my bike was being repaired, he
gave me a loaner. Next Door to Everett's was where
Missus Barker lived. She was one of my customers for
(24:06):
both the paper route and snowshoveling. We had a little
bit of a community there in which people helped each other.
Times have changed. We've all but done away with the
paper boys and paper girls of my day. These days
people deliver the Boston Globe and the Providence Journal in
forty thousand dollar cars and make some money doing it.
(24:29):
I guess, how do you give a tip to a
person in a forty thousand dollars car. Back then, we
survived and needed those tips. On a Sunday, I didn't
have to deliver the papers, but I used to like
to buy the three papers after church and read them
at home. I would pull out the funnies and the
(24:51):
editorial page. I enjoyed reading about the President, his cabinet,
our senator and all of that stuff that's sort of
going out the window today. I would read Blondie Beatle
Bailey and The Phantom. Sunday was also the day for
me to figure out my Red Sox batting averages for
Pete Runnels, Karl Yestrazemski, Frank Malzone, Dick Stewart and others.
(25:16):
For me, that paper route was the basic building block
of my life. I met functioning, successful adults in their families.
I looked into their homes every Friday night. When I
collected my money, I met the people and they paid me.
And that's how I run my practice now. As far
as fees go, people come in and if they like
(25:37):
what I'm doing, they pay a fee. If they don't,
they fire me. I think a pink slip at the
paper meant someone didn't want the paper anymore. It was
a formative, precious time for me. It was also a
great time to be an American. Money handling, marketing services,
sales delivery, bill payment, record keeping, and the maintenance of
(25:59):
equipment were all learn on my paper route. I don't
know of any eight or nine year old nowadays who
could do that paper route and return home with the papers,
the bicycle and the monies. Intact, one of the three
would be stolen. Back then, however, it was a great
experience and I'm sure there's similar experiences for young folks today.
I learned a lot doing it, and as it turns out,
(26:22):
one hundred and fourteen people on a paper route were
my first.
Speaker 1 (26:26):
Clients discover safe money strategies with Kelly.
Speaker 5 (26:34):
Kelly and her team called Kelly.
Speaker 1 (26:36):
Financial at eighty eight eight hundred one to eighty one,
or visit Kelly Financial dot org.
Speaker 9 (26:52):
All opinions expressed by the host guests for employees of
Kelly Financial Services are solely their own and do not
reflect the opinions of Kelly Financial Services. Information has been
obtained from source is deemed to be reliable, but their
accuracy and completeness cannot be guaranteed. The information provided is
general in nature and is not intended to be specific investment, tax,
or legal advice. It is always advisable to consult a
professional before making a financial decision.
Discover safe money strategies with Kelly Kelly and her team.
Called Kelly Financial at eighty eight eight hundred one to
eighty one, or visit Kelly Financial dot org.
Speaker 2 (00:15):
Hello.
Speaker 3 (00:15):
This is Greg Murray, Senior vice president and Chief Compliance
Officer at Kelly Financial Services. Join me this evening is
Mary Madeline Kelly, one of our wealth provisors. How are
you doing tonight?
Speaker 2 (00:25):
Hi?
Speaker 3 (00:25):
Greg?
Speaker 4 (00:25):
I am doing great. My family and I had a
wonderful time with you and Diane last weekend celebrating your
fifteen years with Kelly Financial. We had a very special
dinner in Newport at one of our favorite restaurants, the
Clark Cookhouse. I want to say thank you again for
the gift you guys brought from Mellie. She loves her
new toys.
Speaker 3 (00:44):
It was a very fun time. We have never been
to Clark Cookhouse before. It was a fantastic experience filled
with good people, good food, and a lot of laughter.
Too bad we had to head home earlier. We probably
would have stayed another three hours. And you know, I'm
really glad that Melly enjoys her toys. She deserves every
single one that you got, and Boo is extremely happy
to share them with her.
Speaker 4 (01:04):
She certainly does, and I'm really excited that we're talking
about this topic tonight.
Speaker 5 (01:09):
Trusts.
Speaker 4 (01:10):
It's one of those words people hear a lot but
don't always understand.
Speaker 5 (01:13):
What is a trust?
Speaker 4 (01:15):
Do I need one? And when does it actually make
sense to set one up exactly?
Speaker 3 (01:19):
For many people, the word trust sounds complicated or like
something only the very wealthy use, But in reality, trusts
are just tools, legal and financial tools. They can help
you control what happens to your assets, both during your
lifetime and after you pass away.
Speaker 4 (01:32):
I like to explain it this way. A trust is
like a container that holds your assets, things like your home, investments,
or life insurance. You still decide how everything is used,
but you're putting it under the care of the trust
so it can be managed according to your wishes.
Speaker 3 (01:47):
That's a great visual. And there are two main types
of trusts that people hear, both the most revocable and irrevocable.
Irrevocable trust, sometimes called the living trust, can be changed
or canceled while you're alive. An airrevocable trust, on the
other hand, can't be easily changed once it's set up exactly.
Speaker 4 (02:03):
Revicable trusts are great for people who want flexibility and control.
They can help avoid probate, which is part of the
court process that your estate goes through when you pass away,
and make it easier for your loved ones to manage things.
Speaker 3 (02:15):
And avoiding probate can be a big deal. It saves time,
it saves money, and it keeps your financial matters private.
Without a trust, her a state could be tied up
in court for months and everything becomes public record.
Speaker 4 (02:26):
Yes, and that's one of the main reasons people choose
to set up a trust. They want privacy and efficiency.
It's not just about wealth, it's about organization and making
things easier for your family now.
Speaker 3 (02:38):
And irrevocable trust is a bit different. Once you transfer
assets into it, you're giving up control, but in return
you can get potential benefits like protection from certain taxes, creditors,
or even long term care costs.
Speaker 5 (02:49):
Depending on how it's structured.
Speaker 4 (02:51):
Irrevigable trust can be helpful for a state tax planning
or for people who want to make sure certain assets
are protected for future generations. So used to medicate planning
to help manage how assets are counted if someone needs
nursing home care later on.
Speaker 3 (03:06):
And I think that's where professional guidance is so important.
Trusts aren't one size fits all. What works for one
person may not work for another, depending on their age,
family situation, and their financial goals.
Speaker 4 (03:16):
Absolutely. For example, someone in their forties or fifties with
young kids might use a trust to make sure their
children are taken care of if something happens to them.
The trust can specify when and how the kids receive
the money, maybe at certain ages or for specific purposes
like education.
Speaker 3 (03:33):
Yes, and for retirees, a trust might be more about
simplifying the transition of wealth. Instead of having assets spread
across multiple accounts or states, everything is consolidated under one
plan with clear instructions for your heirs.
Speaker 4 (03:44):
And it's also worth mentioning that a trust can help
prevent family conflicts. When everything is clearly spelled out in writing,
who gets what, when and how, it can reduce tension
and confusion during an emotional time.
Speaker 3 (03:57):
That's such a good point. We've seen situations where families
have avoided serious disagreements because the trusts outline everything clearly.
It gave them structure and peace of mind exactly.
Speaker 4 (04:07):
So to summarize, setting up a trust makes sense when
you want to avoid probate and keep your affairs private.
You want to control how and when your assets are
passed down, and when you want to protect assets from taxes, creditors,
or long term care costs.
Speaker 3 (04:21):
Perfect summary, It'll add one more reason when you simply
want to make things easier for your loved ones, a
trust can make managing your states seamless instead of stressful.
Speaker 4 (04:29):
That's so true, and you don't have to wait until
you're older or have millions of dollars to start the process.
If you have a home, savings, or family members you
care about, it's worth looking into.
Speaker 3 (04:39):
And that's where planning comes in. At Kelly Financial Services,
we work closely with estate planning attorneys to make sure
our client's financial plans and their legal documents work hand
in hand, because.
Speaker 4 (04:48):
At the end of the day, a trust isn't just
a legal document. It's a way to protect your legacy
and make sure your wishes are carried out the way
you intend.
Speaker 3 (04:56):
Well said, so, if you're listening tonight and wondering whether
a trust might make make sense for you, we'd be
happy to help and explore your options.
Speaker 4 (05:03):
We can walk you through how a trust could fit
into your retirement or a state plan and connect you
with the right professionals to get it set up properly.
Speaker 3 (05:09):
Well, get back to playing with Melly and I'll talk
to you next week.
Speaker 4 (05:12):
I will have a great weekend.
Speaker 1 (05:14):
Greg Save Money Strategies with Kelly Kelly and her team.
Call Kelly Financial at eighty eight eight hundred and twenty
and one or go to Kelly Financial dot org. That's
Kelly at Kelly Financial dot org.
Speaker 6 (05:36):
Welcome back to Save Money Strategies. I'm Kelly Kelly here
with my son William Junior. In this segment, we'll get
practical how to design a holiday budget that keeps your faith,
family and finances aligned.
Speaker 5 (05:52):
Let's start with a simple framework. First, set a cap.
Speaker 1 (05:55):
Choose a number that feels right for your comfort level
and your financial plan. Then it by category so you
can see where your money will go before it leaves
your account.
Speaker 6 (06:04):
Instead of thinking in dollars, picture your holiday budget as percentages,
maybe around thirty five to forty percent for gifts, around
twenty five percent for food, twenty percent for travel, and
smaller shares, say five to ten percent for decor, hospitality
(06:24):
or charitable giving. And every year you can shift those
percentages some families choose to give more to charity one
season and scale back on gifts, turning it into a
more meaningful and even tax smart holiday. Whatever mix fits
your values, write it down and commit to it.
Speaker 1 (06:45):
Next, create a small savings runway, even if you're starting late.
Begin setting aside a small weekly amount whatever feels comfortable.
That steady habit builds discipline, and next year you'll arrive
at December with cash ready and stress reduced.
Speaker 6 (07:00):
Shopping strategy matters. Enter every store physical or online with
a written list. If it's not on the list, it
does not go into the cart. Use price alerts for
planned items, and avoid browsing just to see that phrase
has busted more budgets than any grinch ever could.
Speaker 5 (07:22):
Be intentional with deals.
Speaker 1 (07:24):
Black Friday and Cyber Monday can help for pre plant purchases,
but unplanned door busters are where budgets break. And remember,
if you use rewards or cash back programs, pay the
statement in full so the bank doesn't reclaim your savings
in interest.
Speaker 6 (07:38):
Consider meaning over money for gifts. Handwritten letters, framed photos,
recipe books, or recordings of family stories become treasures. Experience gifts,
game nights, movie tickets, volunteer days create memories that last
(07:58):
far longer than gadgets.
Speaker 1 (08:01):
Let's talk about travel and hosting, the two biggest levers.
Flex your travel days by even a day or two
to lower fares, or consider driving instead of flying. If
you're hosting, make it collaborative. Potlock sides, a shared dessert table,
or bring your best soup.
Speaker 2 (08:15):
Nine.
Speaker 5 (08:16):
People love contributing and it lightens your bill.
Speaker 6 (08:18):
Here's one of my favorite examples, what we call the
menu swap. To save. One family we know swapped out
a pricey beef roast for a holiday ham On special,
then turned dessert into a neighborhood cookie exchange. The total
savings covered their entire grocery run the next week, and
(08:40):
everyone loved it.
Speaker 1 (08:41):
Those kinds of swaps out up quickly when you make
them part of a plan instead of a panic.
Speaker 6 (08:46):
Keep credit and cash under control. Debit or envelopes can
anchor discipline. When the envelope is empty, you're done. And
if you use credit for rewards or protections, set a
from pay the balance in full by the first of January. Statement,
don't carry December into February.
Speaker 1 (09:07):
Track as you go. A simple Ledger paper up keeps
you honest. Note the date item and running total awareness
alone can trim spending by fifteen to twenty percent because
you're no longer guessing.
Speaker 6 (09:20):
Mind the shipping deadlines, circle free shipping days, and carry
your cutoff so you're not paying rush fees. Order earlier
than you think you need to. Time really is your
ally when it comes to saving money.
Speaker 5 (09:34):
Bring the family into the conversation.
Speaker 1 (09:37):
Set expectations with kindness, maybe a name draw or a
spending cap. When everyone understands the plan, the pressure drops
and the joy rises.
Speaker 6 (09:45):
We call that a legacy holiday, where gratitude and presence
lead and the spending follows the plan instead of driving it.
Simplicity invites connection.
Speaker 1 (09:57):
Here's a quick checklist to make this real. One Write
your total cap and categories on one sheet and post
it on the fridge.
Speaker 2 (10:05):
Two.
Speaker 1 (10:06):
Open a small holiday checking sub account to isolate spending.
Three set text alerts for purchases over a set amount.
Four schedule one review mid December to confirm.
Speaker 5 (10:17):
Your on track great list.
Speaker 6 (10:18):
I'll add a couple more pre book travel with refundable
options to stay flexible and plan menus around what's in
season or on promotion. Think hardy root vegetables and affordable
cuts instead of high price specialty meets. It still feels
festiv just smarter.
Speaker 1 (10:38):
After the season, take thirty minutes for a quick tune
up review what worked and what didn't. If spending ran high,
scale back a January expense to offset it. If you
came in under budget, roll the surplus into savings or
next year's holiday account.
Speaker 6 (10:51):
It is also the perfect time to review your credit,
make sure balances are cleared, check statements for returns or errors,
and verify rewards were properly credited. Then file receipts neatly.
Don't start the new year buried under paper.
Speaker 1 (11:08):
And that's where financial planning reconnects with the big picture.
Once you've wrapped up the holiday, meet with a fiduciary
advisor for your year end portfolio. Check adjust withdrawals, rebalance
if needed, and confirm your income strategy heading into the
new year.
Speaker 6 (11:21):
And that's the idea behind our holiday income review invitation.
It's a complementary meeting with one of our fiduciary advisors
to make sure your retirement income plan supports your lifestyle,
giving and long term goals without stress or surprises.
Speaker 1 (11:40):
To schedule your holiday income review or request our free guide.
Will your money last as long as you do? Call
eight eight eight eight hundred one eight eight one or
visit Kelly Financial dot org. It's the best way to
begin the new year feeling organized, confident, and in control.
Speaker 6 (11:58):
Smart spending does not limit your joy, It extends it.
When you plan with intention and protect what you've built,
every season feels wider.
Speaker 1 (12:08):
This is William Kelly alongside Kelly Kelly. Thanks for spending
time with us tonight. There's more great content coming your
way on safe money Strategies. Safe Money Strategies with Kelly
Kelly and her team. Called Kelly Financial at eighty eight
eight hundred twenty one or go to Kelly Financial dot org.
That's Kelly at Kelly Financial dot org.
Speaker 5 (12:32):
Welcome back to Safe Money Strategies.
Speaker 7 (12:33):
I'm Mike Ducett, joined as always by Greg Workman. In
part one, we talked about how Joe and Maria's retirement
income plan came together, layering Social Security IRA withdrawals, real
estate income, and even proceeds from selling their home.
Speaker 8 (12:47):
That's right, Mike, and we started digging into the importance
of tax efficient with Darles. Because taxes do not stop
when your paycheck does. In fact, they can become even
more complicated exactly.
Speaker 7 (12:59):
That's why one of the first steps we took with
Joe and Maria was to map out a year by
year withdrawal strategy. We looked at which accounts to pull
from first, how much to take, and how those decisions
would affect their taxable income each year.
Speaker 8 (13:13):
And what a lot of retirees don't realize is that
every withdrawal can impact things like your Medicare premiums, your
tax bracket, and even the taxation of your Social Security benefits.
It's all interconnected.
Speaker 7 (13:26):
That's why we recommend starting your tax strategy before you retire.
Joe and Marie are still working, which gives them a
window to do roth conversions at lower rates, rebalance investment accounts,
and move idle cash into tax smart vehicles.
Speaker 8 (13:39):
We also walked the couple through these what if scenarios.
What if tax rates go up in the future, What
if they need access to more income in any given year.
By diversifying across taxable, tax deferred, and tax free accounts,
they can control their taxable income and retirement, not the
other way around.
Speaker 5 (13:58):
That's the essence of proactive plan.
Speaker 7 (14:00):
Taxes will always be there, but with a thoughtful strategy,
they don't have to be a surprise.
Speaker 8 (14:05):
Next, we moved on to Social Security, which is one
of the most misunderstood and also one of the most
powerful pieces of the retirement income puzzle.
Speaker 7 (14:14):
Absolutely Joe and Marie's plan showed us how much difference
timing can make. Joe's sixty two now and wants to
retire around sixty eight.
Speaker 5 (14:22):
Maria is fifty.
Speaker 7 (14:23):
Nine and will be sixty five by then, right when
she becomes eligible for Medicare.
Speaker 8 (14:28):
That age difference makes timing critical. Joe could claim his
benefits at sixty two or sixty three, but doing that
would permanently reduce his monthly income. By waiting until full
retirement age or even up to age seventy, he can
increase his benefit by roughly eight percent for every year
he delays past his full retirement age.
Speaker 5 (14:49):
And here's where it gets interesting.
Speaker 7 (14:51):
Maria's own benefit is smaller because she spent years out
of the workforce, but she can claim a spousal benefit
up to fifty percent of Joe's full benefit, depending on
when each of them files.
Speaker 8 (15:02):
So we ran several scenarios showing what happens if Joe
delays and Maria claims earlier versus if both delay. We
also layered in how there are other income sources. The
sep I RA, the rental properties, and eventual home sale
all fit around those Social Security decisions.
Speaker 7 (15:19):
And it turns out that delaying Joe's benefit made a
lot of sense for them. It's not only increased their
lifetime income, but also strengthened Maria's survival benefit, which is
something many couples overlook.
Speaker 8 (15:31):
That's a great point. Social Security is more than just
a check. It's also a form of longevity insurance. The
longer you live, the more valuable that higher benefit becomes.
Speaker 5 (15:41):
And it's tax friendly too.
Speaker 7 (15:43):
Depending on how you structure your income, you may be
able to reduce how much of your Social Security is taxable.
That's why it's so important to coordinate it with your
withdrawal strategy.
Speaker 9 (15:52):
Right.
Speaker 8 (15:53):
It is not just about picking a random age to file.
It's about integrating Social Security into your broader retirement plan
so that everything income, taxes, and legacy all works together.
Speaker 7 (16:05):
Now, let's talk about the other big part of Joe
and Maria's plan, their real estate and investments.
Speaker 8 (16:10):
Joe has done a great job building equity through those
three South Boston rental properties. But like a lot of
real estate investors nearing retirement, he's realizing that managing multiple
properties can be both a blessing and a burden exactly.
Speaker 7 (16:25):
Real estate provides tangible, inflation resistant income, but it's not liquid.
You can't sell a window or a bathroom to pay
your property taxes. That's why we talked about balancing those
properties with more flexible investment accounts.
Speaker 8 (16:38):
We looked at their rentals as part of their overall portfolio.
Two of the condos are long term rentals they hope
to leave to their children, but the third, the one
they'll live in, will eventually be their downsized home base.
Speaker 5 (16:53):
And that's a great approach.
Speaker 7 (16:54):
Using the proceeds from selling their Tuksbury home gives them
liquidity to cover living expenses in emergency needs, while the
rental income continues to provide a steady stream of cash flow.
Speaker 8 (17:05):
We also reviewed what would happen if the rental market
changed or if Joe couldn't maintain the properties himself down
the road. Having a plan for those what ifs gives
them flexibility to sell one property later and reinvest the
proceeds if needed.
Speaker 7 (17:21):
And from a legacy standpoint. We discussed ways to structure
ownership and estate planning so that when their kids inherit
their properties, they receive a step up in cost basis
that can eliminate a significant amount of potential capital gains
taxes for the next generation.
Speaker 8 (17:37):
That's right, So whether it's real estate investments or retirement accounts,
everything should be coordinated, not looked at as silos. The
best plans balance income today, growth for tomorrow, and an
efficient transfer for the future.
Speaker 7 (17:51):
And Joe and Marie's plan does just that. They'll have
predictable income tax flexibility and an organized the state strategy
that reflects their goals and vas values.
Speaker 8 (18:00):
If Joe and Maria's story sounds familiar, maybe you've saved,
built equity in real estate, or have several different accounts
but no clear plan.
Speaker 5 (18:09):
This is the time to get started.
Speaker 7 (18:11):
That's exactly what our Safe Money Strategies workbook is designed
to do. It helps you see your full financial pitcher, income, taxes, investments,
and legacy all in one place.
Speaker 5 (18:22):
And it's complementary for our listeners.
Speaker 8 (18:24):
Just visit Kelly Financial dot org or give our office
a call and we'll happily send you a copy with that,
I'm Greg Workman.
Speaker 5 (18:32):
And I'm Mike du Said. Join us next week for
more safe money strategies.
Speaker 1 (18:39):
Discover safe money strategies with Kelly Kelly and her team.
Call Kelly Financial at eighty eight eight hundred one eighty
one or visit Kelly Financial dot org.
Speaker 6 (18:50):
I'm Kelly Kelly from Kelly Financial. Whether you're in your forties, fifties,
or sixties, financial advice is important when it comes to
preserving your nest egg. We have a free investor guide
called designing your Fiscal House to Weather the Elements, which
highlights the steps needed to build a balanced portfolio. For
the guide, call eight eight eight eight hundred and eighteen
(19:12):
eighty one or email Kelly at Kellyfinancial dot org.
Speaker 5 (19:16):
We're Kelly Financial.
Speaker 6 (19:18):
Come retire with us. Each week, we like to pause
for a moment and share a story from Bill Kelly,
my late husband and the co founder of Kelly Financial Services.
His words continue to remind us of what really matters
in life and in business. This one takes us back
(19:41):
to bailey Brook Farm, where peddlers, paper roots and neighbors
shaped a young boy's view of work, responsibility, and community.
It's a reminder that The values learned early on, honesty, effort,
and connection still guide us today.
Speaker 5 (19:58):
Here's Bill Kelly.
Speaker 2 (20:00):
We used to have a man named mister Pick come
by our house in his station wagon. I guess the
best term to describe him would be the word peddler.
He arrived every two weeks on a Thursday, delivered the
items my folks had ordered, and took another order. We
also had a bread man, believe it or not, I
think his name was Hank. He would drive up to
(20:23):
the farm in a big red bread truck and his
company was called Arnold's Bakery. He was a handsome guy
and looked like a movie star to me. The minute
he arrived, we would climb into his truck looking for
toll house cookies. They were something you couldn't get anywhere else.
Needless to say, it was pretty exciting. When Hank came.
(20:44):
We'd all run up the lane. It was three quarters
of a mile to get to the farm, but whenever
he'd turn off Paradise Avenue which led up to the farm,
we'd chase him. When he reached the house, he'd have
either toll house cookies or hermits. The hermit was it
like a blond brownie it had raisins and a certain
cinnamon taste to it. We loved hermits. There was a
(21:06):
whole cast of characters who came to our farm. Mister Silveria,
the chicken feed man. There was also the lumber truck
that came with shavings for the hen coops, the fuller
brush man, mister Blankenship who would bring brooms, mops, and
cleaning supplies. We lived on a farm with now seven kids,
my grandfather and my parents. Needless to say, the odors
(21:30):
of the farm were generally not very pleasant, so when
mister Blankenship came and sprayed a few things around, it
was like you were suddenly in heaven. The carters would
come by for eggs and puppies from Minnie's most recent litter, Pete.
The barber would take any leftover puppies to a shop
on Broadway and sell them for two dollars each. That
(21:52):
cast of characters is still there when I visit the farm.
In my mind, the farm is long gone and it's
hard to find the place where it once sat. When
I was nine, I got a huffy bike with dual
baskets on the back from my paper route. I bought
the route from Lionel Peabody, who told me it was
the best paper route in New England. Lionel didn't exaggerate.
(22:15):
Paradise Avenue ran along a brook. I could stop, grab
a salamander and bring it home to put in the aquarium,
or I could pick some raspberries as the summer wore on.
To me, a Huffy bike was just about the coolest
thing a kid could ever have. I used to polish
it the way you'd polish the finest sports car on earth.
(22:36):
To me, that bike was everything. I can remember as
if it were yesterday, making sure the gears were oiled
and the brakes worked. Imagine riding down a snowy street
on a three speed Huffy bike in the middle of
winter with one hundred and fourteen newspapers to deliver. The
headlamp was run by a generator that was powered by pedaling,
(23:00):
so every time you stopped, the headlamp would go out.
The Huffy allowed me to deliver the papers and allowed
me to make more money so I could perhaps buy
another bike. With it, I could actually make a living.
I learned to fix the Huffy when it broke down,
and Graham helped me to fix the flat tires. The
common problems on that particular bike were the sprocket and
(23:22):
flat tires. The sprocket was the part of the bike
that transferred power from the chain to the back tire.
Changing a sprocket meant bringing the bike to the bike shop.
The bike shop was at the bottom of our lane.
Although I lived in a residential farm area, there was
a shop called Everett's Lawnmower Shop, which was essentially half
(23:45):
a barn in someone's backyard. I would bring my bike
there because Everett, I think his name was Everett Barker,
knew how to fix any kind of bicycle, Plus he
could order sprockets. While my bike was being repaired, he
gave me a loaner. Next Door to Everett's was where
Missus Barker lived. She was one of my customers for
(24:06):
both the paper route and snowshoveling. We had a little
bit of a community there in which people helped each other.
Times have changed. We've all but done away with the
paper boys and paper girls of my day. These days
people deliver the Boston Globe and the Providence Journal in
forty thousand dollar cars and make some money doing it.
(24:29):
I guess, how do you give a tip to a
person in a forty thousand dollars car. Back then, we
survived and needed those tips. On a Sunday, I didn't
have to deliver the papers, but I used to like
to buy the three papers after church and read them
at home. I would pull out the funnies and the
(24:51):
editorial page. I enjoyed reading about the President, his cabinet,
our senator and all of that stuff that's sort of
going out the window today. I would read Blondie Beatle
Bailey and The Phantom. Sunday was also the day for
me to figure out my Red Sox batting averages for
Pete Runnels, Karl Yestrazemski, Frank Malzone, Dick Stewart and others.
(25:16):
For me, that paper route was the basic building block
of my life. I met functioning, successful adults in their families.
I looked into their homes every Friday night. When I
collected my money, I met the people and they paid me.
And that's how I run my practice now. As far
as fees go, people come in and if they like
(25:37):
what I'm doing, they pay a fee. If they don't,
they fire me. I think a pink slip at the
paper meant someone didn't want the paper anymore. It was
a formative, precious time for me. It was also a
great time to be an American. Money handling, marketing services,
sales delivery, bill payment, record keeping, and the maintenance of
(25:59):
equipment were all learn on my paper route. I don't
know of any eight or nine year old nowadays who
could do that paper route and return home with the papers,
the bicycle and the monies. Intact, one of the three
would be stolen. Back then, however, it was a great
experience and I'm sure there's similar experiences for young folks today.
I learned a lot doing it, and as it turns out,
(26:22):
one hundred and fourteen people on a paper route were
my first.
Speaker 1 (26:26):
Clients discover safe money strategies with Kelly.
Speaker 5 (26:34):
Kelly and her team called Kelly.
Speaker 1 (26:36):
Financial at eighty eight eight hundred one to eighty one,
or visit Kelly Financial dot org.
Speaker 9 (26:52):
All opinions expressed by the host guests for employees of
Kelly Financial Services are solely their own and do not
reflect the opinions of Kelly Financial Services. Information has been
obtained from source is deemed to be reliable, but their
accuracy and completeness cannot be guaranteed. The information provided is
general in nature and is not intended to be specific investment, tax,
or legal advice. It is always advisable to consult a
professional before making a financial decision.
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I’m Jay Shetty host of On Purpose the worlds #1 Mental Health podcast and I’m so grateful you found us. I started this podcast 5 years ago to invite you into conversations and workshops that are designed to help make you happier, healthier and more healed. I believe that when you (yes you) feel seen, heard and understood you’re able to deal with relationship struggles, work challenges and life’s ups and downs with more ease and grace. I interview experts, celebrities, thought leaders and athletes so that we can grow our mindset, build better habits and uncover a side of them we’ve never seen before. New episodes every Monday and Friday. Your support means the world to me and I don’t take it for granted — click the follow button and leave a review to help us spread the love with On Purpose. I can’t wait for you to listen to your first or 500th episode!
The Joe Rogan Experience
The official podcast of comedian Joe Rogan.
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.