Kitty's Tips and Advice
At the beginning of the 2000’s Kitty was in her early 20’s working part time as a wharfie under the Harbour Bridge in Sydney CBD.
Kitty had been putting on events for several years and thrived on finding and using unusual event spaces. She was successful and, in conjunction with a handful of some of Australia’s top event companies and promoters, went on to create some of the biggest and best events Australia has ever seen.
Unfortunately, one of the promoters did not get the response to his event he had hoped for, so the difficult decision to pull the event three days before it went live was made. The failed venture left Kitty with around $150,000 of unsecured debt.
Depressed and grappling with her fall from grace, Kitty spent years with her head in the sand. Eventually negotiating reduced full and final settlements saving her well over $125k and many, many, many years of pain and suffering, while avoiding bankruptcy and keeping her credit rating clear.
Kitty chose to create her company free from judgement on a solid foundation of coaching, education, and guidance with a 100% solution-based mentality, and so Debt Angel Solutions was born.
The main business and life lessons Kitty learned from her personal experience:
1. Always build a business on a solid foundation, do not take unnecessary, uncalculated risks – unless willing and able to pay the price
2. Know your numbers – Make sure to know what you’re signing up to and for and what it could cost, if things don’t go to plan
3. Don’t Flog a dead horse – despite all the time, energy, and money you put into a project / business, know when you are fighting a losing battle and when it is time to bow out gracefully
What motivates and inspires Kitty and what she has created as a result of her experience:
1. Kitty is on a mission to transform the conversation of debt, so people don’t need to be embarrassed, ashamed, isolated, or alone
2. Educating people around money mindfulness and financial literacy while breaking them free from debt – means people will be less likely to go back into debt
3. Creating not only a done for you model but a done with and done by you model – to empower people around their finances, shift generational money patterns and alter the trajectory of their financial future
Kitty Thomas
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Call them on 1300 722 560
