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529 plans are great. But they're not the only tool, and they're not always the right tool, especially when you don't yet know if your child is headed to a $30K in-state school, a $100K private university, a trade school, or something else entirely.

In this episode, Carla breaks down every other way to save and invest for your children's future, including:

• Custodial bank accounts — why every kid should have one, and how to keep gifted money truly separate and theirs
• Custodial Roth IRAs — a favorite tool, but one surrounded by dangerous misinformation online. Carla clears up the earned-income requirement and explains exactly why "paying your kid for chores" to fund a Roth IRA is not allowed by the IRS
• UTMA accounts — the pre-529 college savings tool, why the "kiddie tax" mostly killed their original advantage, and the specific, limited way Carla still uses them for her own daughters
• Irrevocable trusts — when they make sense (mainly for families with a taxable estate) and why Carla is cautious about recommending them otherwise
• A separate taxable account in your own name, earmarked for your kids — Carla's top recommendation for most families, and why keeping control of the money matters
• Gift tax basics — the real annual and lifetime limits, and simple strategies (like gift/loan combinations) for gifting larger amounts without unnecessary tax filings

Carla also shares her own family's approach with her two daughters, and offers an important reminder: saving for your kids' future is never a requirement, and your own financial security should always come first.

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Ask most people if they have life insurance, and they'll say "yep, I'm covered" — usually meaning some vague multiple of their salary through their employer. Ask them if it's actually enough, and most have never really thought about it.

In this episode, Carla breaks down life insurance from the perspective of a fiduciary advisor who doesn't sell it and has zero financial stake in the answer. She covers:

• Term vs. whole life insurance — what each actually does, why premiums differ so dramatically, and why whole life almost never makes sense outside of very specific estate-tax situations for ultra-high-net-worth families
• The sales tactics to watch for — including the "be your own bank" pitch, and why so many life insurance salespeople call themselves "financial advisors"
• How much coverage you actually need — why calculating based on debt payoff is the wrong approach, and the net-present-value method Carla uses instead
• The hidden cost of unpaid labor — why a stay-at-home or logistics-managing spouse needs meaningful coverage too, even without an income to "replace"
• Why relying solely on employer-provided group life insurance is risky — including a personal story about a sudden coverage gap, and how getting less insurable over time (even from something as unexpected as a prescription mix-up) can leave you exposed
• Why cohabitating, unmarried couples often overlook this entirely — and why "we'll deal with it when we're married" isn't a real plan

Whether you're just starting to think about life insurance or you already have a policy you've never questioned, this episode will help you figure out if you're actually protected — or just checking a box.

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Thinking about leaving your corporate job to start or buy a business? Before you file your LLC paperwork or give your notice, there are some critical legal decisions that could impact your business—and your personal wealth—for years to come.

In this episode of The HENRY to Wealthy Podcast, Carla sits down with business attorney Jordan Segal to discuss the legal foundations every entrepreneur should have in place before launching a business. They cover common mistakes new business owners make, including choosing the wrong business entity, overlooking employment agreements and non-compete clauses, and failing to document ownership and partner relationships from the beginning.

Jordan also explains why 50/50 partnerships can create deadlocks, the key legal documents every founder should have, and how intellectual property, customer contracts, and clean governance can significantly increase the value of a business when it's time to sell.

Finally, Carla and Jordan discuss why legal planning isn't just about avoiding lawsuits—it's about protecting your downside, creating future options, and building a business that becomes a valuable asset rather than just a source of income.

Whether you're considering entrepreneurship in the next year or already own a business, this episode will help you think strategically about building a company that's designed for long-term success and wealth creation.

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Roth accounts are one of the most powerful tools in a high earner's financial arsenal — but there's more than one way to get money into them, and the right strategy depends entirely on your situation. In this episode, Carla breaks down four Roth strategies from the ground up: the backdoor Roth IRA, Roth 401(k) contributions, the mega backdoor Roth, and plain old Roth conversions.

She covers who each strategy is for, when it makes sense, and just as importantly — what can go wrong. You'll learn why HENRYs are often shut out of direct Roth IRA contributions, how the pro-rata rule can silently derail a backdoor Roth, why switching from traditional to Roth 401(k) contributions will shrink your take-home pay (and how to plan for it), and how the mega backdoor Roth can be a game-changer for high savers whose plans allow it.

Carla also gets into Roth conversions — often misunderstood as something you do right now, when in reality they're frequently most powerful in the years between retirement and RMD age, when your tax bracket temporarily dips.

Whether you're just getting started with retirement accounts or wondering if you're leaving tax-free growth on the table, this episode gives you the full picture.

As always, the right Roth strategy is deeply personal — Carla recommends working with a financial advisor who knows your complete financial picture before implementing any of these.

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In today’s episode, I’m breaking down the world of alternative investments — including rental real estate, crypto, gold, hedge funds, private equity, and liquid alternatives — and explaining why I’m generally not a fan for most investors.

If you spend enough time online, it can start to feel like everyone is getting rich through some “alternative” strategy and that simple stock-and-bond investing is somehow outdated or unsophisticated.

I disagree.

In this episode, I walk through:

• the pros and cons of different alternative investments
• why high expected returns usually come with higher risk
• the hidden downsides many investors underestimate
• liquidity, fees, leverage, concentration risk, and tax complexity
• why “passive income” often isn’t truly passive
• the role of speculation and market timing in investments like gold and crypto
• and why I still believe low-cost, diversified investing is incredibly hard to beat over the long run

I also explain concepts like the efficient frontier, market efficiency, and why so many alternative investments sound more appealing in theory than they often are in practice.

This episode is not about saying every alternative investment is “bad.” There are certainly people who make a lot of money in these areas. But I do think many investors underestimate the risks, overestimate their ability to pick winners, and are heavily influenced by social media, marketing, and survivor bias.

As always, this is educational only and not individualized investment advice.

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If you’re a high earner, one of the most important—and most overlooked—questions is:
 How much of your income should you actually be saving?

In this episode, we break down the real difference between earning a high income and building wealth—and why those two things are not the same.

Using a simple (but eye-opening) example of a $1 million income year, Carla walks through how taxes, spending, and lifestyle creep can quickly eat away at what feels like “life-changing” money. 

From there, she covers:

•  How much high earners actually need to save (and why 10–15% may not be enough) 
•  The difference between short-term savings and true long-term wealth building 
•  Why maxing out your 401(k) alone isn’t sufficient for many high earners 
•  Retirement savings benchmarks by age—and how to interpret them 
•  How to tell if you’re on track, behind, or ahead 
•  Why a real financial plan (not just a calculator) is key to making confident decisions 

She also shares practical guidance on when DIY planning tools make sense—and when it may be worth working with an advisor.

If you’ve ever wondered whether you’re saving enough—or if your high income is actually translating into long-term wealth—this episode will give you clarity.

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In Part 2 of this series, we shift from awareness → action.

In the first episode, we talked about why earning more money doesn’t automatically fix your mindset. In this episode, we dig into the harder question: how do you actually change your behavior around money?

I’m joined again by therapist Ginger Houghton, and we break down:

•  Why change feels so hard—even when you know what to do 
•  The “stages of change” and how they show up in your financial life 
•  Why most people get stuck before taking real action 
•  How to make progress without overwhelming yourself 
•  The role of identity, self-worth, and the stories you tell yourself about money 
•  Why small, consistent changes beat big, dramatic ones every time 

We also talk about when it might make sense to bring in a therapist alongside a financial advisor—especially if money brings up stress, anxiety, or deeper emotional patterns.

If you’ve ever thought:
 👉 “I know what I should be doing… I just can’t seem to do it”

This episode will help you understand why—and what to do about it.

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In this episode, I’m joined by therapist Ginger Houghton to dive into something that doesn’t get talked about enough: the psychology of money—especially for high earners.

Because here’s the truth…
 Making great money doesn’t automatically mean you feel confident, secure, or at peace with your finances.

We talk about:

•  How your money story growing up shapes your financial behavior today 
•  Why high earners still experience scarcity mindset (even when they’re financially secure) 
•  How lifestyle inflation and social comparison quietly creep in—especially in today’s social media world 
•  Why some people overspend… while others are overly frugal 
•  And one of the biggest (and most misunderstood) patterns: avoidance

If you’ve ever:

•  Felt anxious about money despite earning a high income 
•  Found yourself comparing your lifestyle to others 
•  Or avoided looking at your finances altogether 

…this episode will likely resonate.

This is Part 1 of a two-part conversation. In the next episode, we’ll focus on how to actually start making changes.

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Bonds are often labeled as the “safe” part of a portfolio — but that’s not always the full story.

In this episode, I break down how bonds actually work in a way that’s simple and practical. We’ll cover what a bond really is (at its core, a loan), how interest rates and credit quality impact returns, and why not all bonds carry the same level of risk.

I also walk through what happens to bond prices when interest rates change, why longer-term bonds typically pay more than shorter-term bonds, and how bond ratings play a role in both risk and return.

We’ll then shift to bond funds — which tend to confuse a lot of people — and simplify what’s actually going on under the hood (hint: they’re just collections of individual bonds). I’ll also share why I generally prefer bond funds over individual bonds, and how I think about structuring the bond portion of a portfolio.

My approach is to keep bonds on the more conservative side and take risk where it’s better rewarded — in stocks. But as always, it comes down to understanding the trade-offs so you can make the best decision for your situation.

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Asset allocation — your big-picture mix of stocks and bonds — is the single biggest driver of risk and return in your portfolio. Not the specific fund. Not the stock picks. Not the headlines.

In this episode, I break down why your stock-to-bond allocation matters more than almost anything else when it comes to long-term results — and why misunderstanding that can lead to major frustration.

I share a real-life example of a prospective client who believed her advisor had underperformed “the market.” But once we looked at her asset allocation, the story changed. She wasn’t invested like “the market” at all — she was in a 60/40 portfolio. Given that mix, her returns were exactly what we’d expect. The real issue wasn’t performance. It was communication and expectations.

We’ll talk about:

• Why asset allocation drives portfolio outcomes
• How risk tolerance questionnaires are just the starting point — not the decision
• The tradeoffs between being more conservative vs. more aggressive
• The spectrum of bonds (yes, some are much riskier than others)
• How stocks break down: U.S. vs. international, large vs. small, growth vs. value
• Strategic vs. tactical vs. dynamic allocation — and why I firmly believe in strategic
• Why rebalancing is essential (and how it’s essentially “buy low, sell high” on autopilot)

If you’ve ever wondered why your returns don’t match what you see on the news — or how to decide what allocation is right for you — this episode will help you understand the framework that drives everything else.

Because investing success doesn’t start with picking the perfect fund. It starts with choosing the right mix.