Welcome to Season 5 of The Wealth Witches Podcast! In this special episode, host Katelyn Magnuson reflects on the transformative year that was 2024 and shares her hopes and plans for an intentional, magical 2025. She begins with gratitude for the Wealth Witches community, celebrating the support, connections, and shared journey that have made this year unforgettable.

Katelyn revisits some of 2024’s most defining moments, including rebranding the podcast to Wealth Witches, the acceptance of her trademark, and the return of her signature mastermind program. This year marked a deeper alignment with her mission of financial empowerment through holistic practices, blending practical financial tools with personal growth and a touch of magic. Katelyn shares how integrating astrology, nervous system regulation, and yoga into her mastermind created a uniquely transformative experience for participants, while reaffirming her commitment to helping others create a life of “ands,” not “ors.”

She also discusses the power of showing up authentically, sharing her journey as an autistic and ADHD entrepreneur, and the importance of fostering meaningful, real connections in business and life. From embracing vulnerability on TikTok to expanding her team and services, 2024 has been a year of growth, learning, and building a foundation for the exciting projects ahead in 2025.

Looking forward, Katelyn teases the launch of a completely revamped self-study course, her plans to host another mastermind next fall, and the expansion of offerings designed to support entrepreneurs in all stages of their financial journey. She also shares her goal of connecting even more deeply with her audience through education, content, and speaking engagements.

Whether you’re here for actionable financial advice, inspiration to embrace your true self, or simply the encouragement to live life on your own terms, this episode sets the tone for a season of growth, alignment, and abundance. Join Katelyn as she reflects, celebrates, and invites you to step boldly into 2025 with clarity and intention.

Key Takeaways

• Building a life of “ands” allows for fulfillment in both business and personal growth.
• Authenticity and vulnerability can strengthen community and connection.
• Holistic tools like astrology and nervous system regulation enhance financial empowerment.
• Reflection and feedback help refine systems for better client and team experiences.
• Meaningful connections are vital for personal and professional success.

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Stay magical and empowered, and remember, wealth isn't just about dollars in the bank – it's about creating abundance in all aspects of your life.

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Music credit: Neon Fairies by Wolves 

Hello, and welcome magical creatures to the Wealth Witches podcast.

This is a place where we brew financial empowerment and mix in a little sprinkle

of magic. I'm Katelyn Magnuson, your guide on this enchanted

journey to financial enlightenment. Here, we honor all identities and

invoke our inner witches to create holistic wealth and prosperity. So

grab your crystals, open your minds, and let's get ready to conjure some

financial clarity.

Welcome back to the Wealth Witches podcast. I'm your host,

Katelyn Magnuson, and I'm really excited for this episode,

but I'm not ever excited for them. We're going to be recapping

2024, and we're going to be discussing what's to come in 2025.

And I want to start off, first of all, with a heartfelt thank you

to everyone that listens. Everyone that takes the the

time to share this, to send us their friends, to post about it, to

leave a comment or a review. It means the world. I don't do

this for myself. I do this for you. I do this for the

listeners. I do this for our clients. I do this for people

that are wanting not feel so alone in the world, that are wanting a

different take on finances and accounting, who are wanting to

understand how to be more holistic when it comes

to their finances, how to embrace that woo and the wealth,

and have that, and hold space for it, and pay it off.

And essentially at the end of the day to create a life of ands not

ors. And that's something that I have always valued.

I, for the longest time growing up, you know, you can have this or

this thing. Whatever you did, there had to be trade offs. And I I do

think that there are some areas that can be the case, you know. Maybe you

can't have everything all the time all at once, but I

am absolutely here for a life of Anne's. I want to be able to travel

and have, you know, my loving

household with my rescue furball holes. And, I

wanna be able to run a successful business and also be able to take

time away from it and also have a team that feels supported

and has clients that they love working with and vice versa, has clients

that rave about us and can't imagine going anywhere else. You know,

we're a staple in their businesses or their lives, and so much of

that has come true this year. I

we wouldn't be here without you, so thank you. And I'm

really excited for what 2025 is to bring because 2024 has been a super

transitional year. We rebranded the podcast from the

comfort Confident Money podcast to Wealth Witches. I had my

Wealth Witches trademark accepted. I stepped out

a little bit, got vulnerable. I got political on TikTok.

That went really well, most of most of the time. Let's just

say that it absolutely attracted my people and repel my people, and

I'm here for more of that. I'm here for more of that in 2025. I

am here for more of showing up with myself and discussing

being autistic and ADHD, having

unique experiences for me that are also shared experiences of so

many others. Because if anything from this last year

I've learned, especially from TikTok,

very rarely are you actually alone in something. Even when you're alone in it in

the moment, someone else has experienced something similar, the same thing. They might be going

through it right now. And building community is so much of

my focus in the coming year. Part of that is here. Part of that is

on YouTube. You might be watching and listening to this on YouTube

actually right now, depending on where you happen to find it. If you're not

and you're listening to the podcast, just a reminder that we do have a brand

new YouTube channel. Not gonna commit anyone to a time frame, but it

is the tail end of 2024 right now, and I do expect to have it

up and running soon. But you still can subscribe to it in the interim. It'd

be one of the absolute first supporters there. So

couple of things that we did outside of the trademarks. We

did hire a new part time team member. We continued to

expand and update our services and offerings, which we're really

excited. One of the biggest things that we did and something that I think any

business owner really should do at least on an annual basis. But anyone that has

seasonality to their business, who has a peak and an off season, which

honestly most businesses that I know, after your peak season, take

some time. Do a postmortem. What worked well? What didn't work

well? Ask your clients. Ask your team. Ask yourself.

Take notes during the busy season for, like, what broke? What was

clunky? You know, where where did you brush up against bottlenecks? Because

it can be so easy to get to the end of the year and the

end of the season or whatever it is, the the push that you're in, and

to kind of, you know, gloss over what things were to just completely

have forgotten. So that's something that we did this year. We had switched tax

softwares for any of you that work with us for taxes. We sort of tax

offers tax secure upload systems. We'd switched to Financial

Cents, and it was our 1st full tax season using it. There were

definitely improvements that need to be made both on our end, things that our team

found that we were like, we didn't love this. But once you're in it, you're

kinda committed to it for the season. And we did keep Financial

Cents because it wasn't Financial Cents that was the issue. It was how we'd set

up some templates. And then what I did this summer is I talked to

probably 30 plus clients, and I asked them what they liked, what they didn't like.

Was there anything they would have improved? Was there anything they found frustrating? And then

I also shared the things that we had noticed that we were planning to change.

And they were, you know, looking forward to it. They're excited, but we got some

really good feedback. And that allows us to

reshape what our templates and what our experience looks like for this year. So

really excited for that. I did run can't believe I

buried the lead here. I did run the mastermind, the get your finance shit together

mastermind, which I used to run for anyone that's been here for a while. I

used to run that 2 to 3 times a year. Prior to building a team,

I used to put out a ton of course in Mastermind and

educational content, and I was a little bit less service heavy now. Of

course, we service some really amazing business owners and love

working with them. But well, I've been building a team for the last 3 years

and navigating what that looks like and, you know, balancing our skill sets and

our offerings and clients and just trying to make sure it all worked.

I had stopped doing a lot of the teaching that I love so much. And

I ended up this summer, late June or early July, and

I I finally had this sort of strike of intuition.

And I decided I was like, I I wanna run the mastermind again. I think

it's time. I hadn't ran it since, I think, February of 2021, so we were

going on three and a half years. And I hadn't decided

if I wanted to scrap it altogether or

not after this. And this was kind of a test run for me. So this

mastermind was different than I've ever ran it in the past. Every mastermind iteration is

different. I update materials. It is live. It's tailored to the course

participants. And what was so interesting to me though this time is

I took a swing. And I had my really dear friend, Robin, with

Wicked Veracity. She gifted free free sessions as one of the

fast action bonuses. She is a Hellenistic astrologer and is

brilliant. And, you know, if you're like, hey. What what does astrology

have to do with finances? I'm showing up again

as myself. Something that I really have delved

deeply into over the last 2 years is my own personal astrology and

those of the people in my life and how that influences both

myself and them and our interactions and relationships in the world. And it

was something that as part of stepping up and showing up

as myself, I wanted to bring the woo into the wolf. And we also

had a wonderfully brilliant, educator and speaker and

coach, Acelyn. Acelyn McKenna came in, and she spoke all

about, nervous system regulation. And in the

mastermind, she was one of our guest speakers. We had Chelsea Abriel come in, and

she did this magical booty yoga session to, you

know, move your energy, move your body, provide grace. It was it was

such an interesting way to run this mastermind. And I was really

nervous, and I didn't push the woo side of it a lot. And

we got into it. Not only do we have people that are, you know, interested

in tapping and human design. We did have a human design expert. Jess Galvin came

in, and, she was fantastic. But she and then we had our our

friends over at inflow from the legal side, and so much of

this was bringing all the different facets of what

I have found to help me as a business owner, as

a leader, as a founder, as a woman, as, you know,

individual in the society, and I I brought them together. And they're you know, I

brought in the aspects that I felt were relevant to understanding how you

operate in the world, how you show up, and how your finances function.

So we covered taxes, we covered quarterly estimates, you know,

business entity types, income and expenses, accounting software

setup, you name it. And it

was absolutely a fucking blast.

I haven't had that much fun, honestly, in a really long time.

We wrapped it up last week. We had our very last office hours, and that

was something that I did that was something I haven't ever done before. We would

do the trainings every week, and then we'd have a Facebook group for support. And

frankly, I would just assume rather never get in Facebook again in my

life. And we decided to do office hours

in Gather, which is kind of like a Mario esque,

platform to hang out, and it was really interesting. I was introduced to it by

someone else. And we had so much fun in there. And the office

hours were helpful in letting, 1, being able to

provide support on anything that was coming up. But we had our team members hop

in. You know, we talked about sales tax, like, sometimes I was in there for

things. And that really, I think, not only

solidified the learning that was going on, but

allowed space for someone to process something from 2 weeks ago that maybe

they had questions on. They felt like they couldn't ask it, you know, because

we were a couple weeks past that. So it went really well. The

feedback that we got was honestly, brought some

tears, not ironically, brought some tears to my eyes as I

was reading the feedback. And so I do plan to run it again next fall.

I at this point in time, I don't plan to run it more than once

a year, but it was an absolute and utter

delight. And anyone listening to this that participated in the mastermind,

especially this first brand new iteration, I just wanna say thank you so

much. Thank you for showing up. Thank you for participating.

Thank you for making it fun. I

absolutely loved it, and it was one of the I didn't want

it to end. And I know that sounds really cheesy. And if there was a

way that I could continually, have you all in there, I

absolutely would. Maybe we'll have something in the future. Never say never, but I

do plan to run it again next fall. For anyone that's like, I'm so

bummed I missed it. And I'm sure that that'll be a little bit different than

this one was even. The exciting news though is that years ago,

I had created a self study version of this. And I had gone through. I'd

done, you know, 4 or 5 iterations of this. I'd really gotten it down to

a science of what needed to be covered. And we're going to be

relaunching the self study version, completely revamped,

all brand new information. You know, I have another three and a half years

of experience. We have an entirely different

framework to be working in. We have feedback that's super relevant from new clients.

You know, we're out of the pandemic, and we're navigating what the world

is now, and that provides different

information, different education that needs to be included in there. So

if you're listening and you're interested in it, the self study

course we're still fine tuning, ironing out a couple

of those last details, but I am thrilled. I'm so thrilled

to have the self study version going out into the world very,

very soon. And then to have committed to running the

mastermind was such a fantastic success this

year that it absolutely encouraged me to be doing more of that. And,

also, that's my biggest focus for this next year is the

team that I have now is killer.

They are a delight. They are interested. They are learning. They

are showing up for our clients, and our clients are doing the same. And that

finally puts me in a place where I'm able to

do more education. I'm able to do more trainings. I'm able to show up in

the world and create content, whether it's on TikTok,

whether it's on YouTube, whether it's this podcast, and

that is what I have so much fun doing. I I get get to speak

more too. I got to do several speaking engagements in

2024, and I am looking to do 12 speaking engagements

in 2025. It'll be a big jump. And so if you need

someone to talk about any sort of finance topic,

especially merging some woo on your person,

I'd love to hear from you. But that is really what I'm looking forward to

in 2025 is more connecting, more showing up, more

education, more existing in this

space with amazing humans. And I have met some of

the coolest people both, as podcast guests this

year, as you know, mutuals that have been connected with me on

TikTok, on Instagram. And that has been

an absolute delight as someone that lives in the middle of nowhere that is an

introvert, and that tends to get most of their socialization

from client interactions in a given day. Being able

to expand those relationships with

colleagues, with other people in complementary industries

has been really cool. Additionally, I have gone to spend

time with friends this year. And I know that that might sound like a no

brainer for so many of you, but I have started

I I had to I got to have an experience this year that I'm gonna

explain to anyone that might have found the themselves in my shoes, and this is

not strictly business related. It was really interesting. I

one of my really good friends, one of her really good

friends, has become a friend of mine. And we went to go

visit the friend of the friend for a

concert in, I think, late August or September. And

it was just going to be the couple of us, the one friend's husband, really

comfortable with it, knew everyone that's gonna be there except the husband, and he was

a delight. But before the concert so we went to CrossFit in the morning. I

did CrossFit for the first time, which I actually loved because when I

used to know of CrossFit, it felt very, like, toxic hustle culture. You know?

And I have a a background lifting weights, being a varsity athlete, doing, you

know, things to take care of your body. And I I figured I'd

go try, and I did. And it was really supportive, fantastic, lots of

modifications, and enjoyed it. So connected with a

few people in CrossFit that day. And then that evening before the concert, this friend

of our friend had invited 10 or 15 people over. And

for anyone that knows me, I have a closet in my, like,

bathroom that Emily and our team has deemed the Harry Potter

closet. It's kind of under our stairs, but it's carpeted. It's

dark. It's quiet. And when I get overstimulated when we host people in our

house, I go hang out in there, and I will send Marco Polo's

normally to Emily, and just take a little time out, just a

sensory chill. And so,

normally, a situation like this would have absolutely sent me for the equivalent of,

you know, my Harry Potter Hubbard. And instead,

I had the really lovely experience of feeling like

I had known everyone that showed up for years. I have never been

so seamlessly integrated into an extended friend group in

my entire life. I think I have done that for a lot of people over

the years. We used to host. My husband's super extroverted, and our

house was the gathering spot for years. And getting to experience

the flip side of that and being able to connect with new people

was just the highlight of my

year, I think. It was so much fun to show up in a space that

would normally bring me some anxiety or

just exhaust me, and I was. I was tired by the time we were done.

And I went to bed, I think, at, you know, midnight that night after the

concert. But I wish that for anyone listening, I

wish that you have connection, authentic,

compassionate connection, both this year and in the

next. Because for me, that has been

one of my favorite things and something that I am leaning

into and seeking out more of in 2025 and beyond. And

we'll see what wave, shape, or form that takes.

One of the other really exciting things in 2025 is I have a couple

of different freebie options that we're gonna be putting out that are brand

new, super valuable. I'm really excited about them.

Some really small little mini offers, and then, of course, if you're

listening, it's tax time. It's bookkeeping time.

If you have been debating, getting going with your bookkeeping and outsourcing

it, now is the time to have the conversation to reach out.

And there's nothing wrong with reaching out and saying, I don't know if I can

afford this. I don't know what I should be doing. I don't know what's normal

or what makes sense. That's for us to show up and say, hey,

businesses that are doing what you're doing, this is what we normally see, but here

are a couple of other options. What feels good? And it maybe that you

continue to DIY. And maybe that you outsource taxes now,

and a year from now you outsource bookkeeping. Those are all

completely valid options for you. And it may just be that you have

some education around what guidelines or bumper lanes you have in the

future. And I will say I'm gonna close this out

with. The last thing that I wanna talk about is if you

are a business owner and you are making or expecting to make

$60,000 or more in profit this year. And when I say profit, I

mean, income minus expenses, that equals your

profit. Your expenses do not include what you pay yourself. They do not include your

quarterly estimated taxes, and they do not include any individual taxes that

you pay. That's all included within your profit. If you're gonna hit

$60,000 or more, or you think you're going to this next year, I

would absolutely encourage you to reach out whether it's to us or another accounting firm,

and just touch base about an a selection. Because

that is something that, especially this time of year, is really important to be

discussing. Because if you are making more than that, there's a very good chance that

you are overpaying and potentially dramatically overpaying in

taxes. And that is heartbreaking for

me to come across during tax season or after

tax season and not be able to have done anything about it. So I do

encourage you, whether it's us, whether it's someone else, whether it's your, you know, local

accountant, reach out, have that discussion if you are there.

And to everyone else, I hope that you have an

absolutely magical end to your 2024

and the most delightful,

aligned, and exciting 2025 that you

can. And we'll be here to support you and chat about what comes up

along the way. That's a wrap for this episode of

the Wealth Witches podcast. I hope our magical money talks have left you

feeling empowered and inspired. Remember, wealth isn't just

about dollars in the bank. It's about abundance and financial freedom in financial

freedom in all aspects of your life. I'm Katelyn Magnuson, encouraging you to keep challenging

the status quo and embrace your inner witch on this financial journey.

Until next time, stay magical. Be magical.

Hey there, magical listener. Are you ready to take your financial journey to the

next level? This is Katelyn Magnuson inviting you to join us at the wealth

witch's monthly program where we dive even deeper into the cauldron of

wealth. From live training sessions about money, taxes, retirement, and

business support to an inclusive community that's here to support your growth,

we've got everything you need to embrace your inner wealth witch. Visit

our website at wealthwitches.com to join us.

Your wealthier self is waiting.