In this episode of Wealth Para Todos, host Rita-Soledad Fernández Paulino addresses a listener's question about how to convert a traditional 401k to a Roth 401k. Soledad explains the basics of traditional and Roth retirement accounts, including their pros and cons, tax implications, and strategic planning for conversions. The episode also emphasizes the importance of financial literacy and offers practical steps for investing in the stock market. Additionally, Soledad stresses the value of community support and self-care while navigating financial decisions. Listeners are encouraged to book a discovery call for personalized financial coaching.

00:00 Introduction and Mission

00:21 Listener Question: Traditional 401k to Roth 401k

00:56 Current Events and Personal Reflections

01:46 Basics of Investing in the Stock Market

05:06 Understanding Retirement Accounts

06:16 Traditional vs. Roth Retirement Accounts

12:58 Steps for Roth Conversion

16:47 When to Consider a Roth Conversion

19:27 Converting Traditional Accounts to Roth IRAs

21:23 Final Thoughts and Next Steps

Tax brackets for 2025
Sign-up for Roth IRA Office Hours
Book a Discovery Call to Learn More About 1:1 Coaching w/Soledad

In this episode of Wealth Para Todos, host Rita-Soledad Fernández Paulino, a queer Mexican-American money and self-care coach, emphasizes the importance of mid-year financial check-ins for business owners, particularly for Black, Indigenous, people of color, women, and LGBTQ+ individuals.

Soledad discusses their own journey in establishing Wealth Para Todos, LLC, and shares their experiences with pride and challenges in managing finances. The episode delves into five critical reasons for mid-year check-ins, key questions for assessing business finances, and offers strategies to adjust financial plans.

Additionally, Soledad touches on the emotional aspects of financial reviews, mindset shifts, and future planning. Listeners are encouraged to stay proactive with their finances to build both business success and personal financial security.

00:00 Introduction to Wealth Para Todos

01:13 The Importance of Mid-Year Financial Check-Ins

02:53 Top Five Reasons for a Mid-Year Financial Check-In

06:22 Key Questions for Business Financial Check-Ins

16:33 Growth, Future Planning, and Emotional Check-In

22:20 Forward Planning and Revenue Targets

25:45 Conclusion and Final Thoughts

Sign-up for Roth IRA Office Hours
Book a Discovery Call to Learn More About 1:1 Coaching w/Soledad

In this episode of Wealth Para Todos, hosted by Rita-Soledad Fernandez Paulino, learn the importance and benefits of conducting a mid-year financial check-in.

Soledad, a queer Mexican-American money and self-care coach, guides listeners through 15 compelling reasons to take stock of their finances mid-year. These reasons include reviewing income, savings, and debt payoff plans, reconnecting with financial goals set in January, updating sinking funds, and more. 

They also share personal updates on her financial journey, discussing her household income, investments, net worth, and financial goals. The episode emphasizes the importance of reflecting on financial habits and making intentional shifts to align with one's goals and wellness. Soledad concludes by inviting listeners to join Roth IRA office hours for further guidance.

00:21 The Importance of a Mid-Year Financial Check-In

00:54 Personal Financial Journey and Goals

02:58 15 Reasons to Complete a Mid-Year Financial Check-In

10:53 Soledad's Detailed Personal Mid-Year Financial Check-In

22:25 Looking Ahead: Financial Goals and Adjustments

25:36 Conclusion and Next Steps

Sign-up for Roth IRA Office Hours
Book a Discovery Call to Learn More About 1:1 Coaching w/Soledad

In this episode, host Rita-Soledad Fernandez Paulino, a queer Mexican-American money and self-care coach, discusses the importance of understanding one's relationship with debt to ensure financial wellness. 

They introduce three debt personalities: 'No Debt Noa,' who avoids debt at all costs; 'Swipe Now Sammy,' who uses debt without a clear plan; and the ideal, 'Leveraging Luna,' who uses debt as a strategic tool with confidence.

Through personal anecdotes and expertise, Soledad emphasizes the need for financial literacy, emotional regulation, and mindful borrowing. They stress that while debt itself isn't bad, the shame and emotional distress surrounding it can be detrimental. The goal is to develop a healthy, well-informed approach to debt, leveraging it to build wealth without sacrificing emotional well-being.

00:00 Introduction and Mission

00:21 Understanding Your Relationship with Debt

00:28 Debt Personalities Overview

02:43 No Debt Noa: The Avoider

09:33 Swipe Now Sammy: The Impulsive Borrower

16:17 Leveraging Luna: The Strategic Borrower

24:14 Key Lessons and Takeaways

26:50 Final Reminders and Closing

In this episode of Wealth Para Todos, host Rita-Soledad Fernandez Paulino addresses D.I.V.E.R.S.E. self-care strategies to maintain resilience and well-being amidst ICE raids and systemic inequities.

Originally planned to discuss leveraging debt, the episode shifts focus to help BIPoC, women, and LGBTQ+ individuals manage financial and emotional challenges during crises. Rita-Soledad shares personal experiences and offers actionable self-care tips, relevant resources, and community support avenues. They highlight the importance of understanding systemic inequities, staying politically engaged, and maintaining collective power. Essential resources and ways to cope with current stressors in Los Angeles are also discussed, providing listeners with tools to navigate these difficult times.

00:00 Introduction to Wealth Para Todos

00:21 Change of Topic: D.I.V.E.R.S.E. Self-care

02:48 Current Events in Los Angeles

07:15 Impact of ICE Raids on Financial Security

08:44 D.I.V.E.R.S.E. Self-care Strategies 

12:31 Resources for Undocumented and Mixed Status Families

23:14 Systemic Barriers to Wealth Building

35:30 Conclusion and Call to Action

Resources: 

In this episode, host Rita-Soledad Fernandez Paulino, a queer Mexican-American money and self-care coach, shares their journey from financial insecurity to pursuing early retirement.

They discuss stages nine and ten of financial security, the importance of creating financial flexibility, and how to balance the pursuit of financial independence with living a joyful and fulfilling life. 

Soledad emphasizes the significance of overcoming fear, shame, and urgency in financial planning, advocating instead for a mindset rooted in love, joy, community, and curiosity. They also invites listeners to join them for Roth IRA office hours and details how they support clients through their coaching services.

Sign-up for Roth IRA Office Hours 
Learn More About Working 1:1 with Soledad

00:32 Discovering the F.I.R.E. Movement

01:04 Stages of Financial Security: Stage 9

03:59 Stages of Financial Security: Stage 10

04:37 Personal Journey and Motivation

07:44 Shifting Mindset: From Fear to Joy

18:55 Financial Flexibility and Its Importance

24:35 Conclusion and Call to Action

In this episode of Wealth Para Todos, host Rita-Soledad Fernandez Paulino, a queer Mexican-American money and self-care coach, guides listeners through the transition from Stage 7 to Stage 8 of financial security.

Soledad explains the importance of building a three to six-month emergency fund, eliminating high-interest debt, and increasing retirement contributions to 15%. The episode addresses common feelings of overwhelm and emphasizes the necessity of patience and nervous system regulation.

Key strategies include engaging in D.I.V.E.R.S.E. self-care, developing a sustainable financial mindset, and continuously working on increasing income. Soledad also discusses the emotional labor involved in wealth building and provides encouragement for maintaining wellness throughout the financial journey.

Tune in to learn actionable steps and mindset shifts necessary for advancing your financial security.

00:00 Introduction to Wealth Para Todos

01:06 Understanding Stage 8 of Financial Security

02:12 Celebrating Stage 7 Achievements

04:23 The Importance of D.I.V.E.R.S.E. Self-Care

06:56 Navigating Emotional and Financial Challenges

09:46 Building Financial Security with Compassion

12:45 Practical Steps for Wealth Building

16:38 Conclusion and Next Steps

Book a Discovery Call with Soledad for 1:1 Coaching  

Link to Apply to Work 1:1 with Soledad 

Join host Rita-Soledad Fernández Paulino, a queer Mexican-American money and self-care coach, as they guide BIPOC, women, and LGBTQ+ listeners through stage seven of financial security.

This episode addresses the emotional complexities of reaching financial milestones, the strategic trade-offs between debt payoff and investing, and the importance of sustainable habits.

Soledad emphasizes the need for D.I.V.E.R.S.E. self-care, planning, and compassionate reflection to maintain and grow financial stability.

Tune in to learn how to balance joy and financial goals, and how to navigate setbacks with grace.

00:00 Introduction and Host's Mission

00:37 Understanding Stage Seven of Financial Security

02:07 Emotional Challenges at Stage Seven

07:25 Strategic Choices and Trade-offs

14:07 Systems, Habits, and Sustainability

20:10 Conclusion and Next Steps

In this episode of Wealth Para Todos, host Rita-Soledad Fernández Paulino, a queer Mexican-American money and self-care coach, guides viewers through the emotional and strategic aspects of paying off debt.

Aimed at helping BIPOC, women, and LGBTQ+ communities, the episode emphasizes the importance of emotional readiness and self-trust in tackling debt. It provides actionable steps for prioritizing high-interest debt, maintaining financial stability, and celebrating small wins along the debt payoff journey.

Key takeaways include reframing debt, using the Avalanche method for payments, ensuring safety nets remain untouched, and integrating joy into the financial planning process.

00:00 Introduction to Wealth Para Todos   01:03 Understanding Emotional Readiness for Debt Payoff   02:00 Reframing Your Relationship with Debt   06:31 Strategies for Paying Off High-Interest Debt   08:08 Maintaining Financial Stability While Paying Off Debt   10:41 Tracking Progress and Celebrating Wins   14:30 Final Thoughts and Key Takeaways  

Debt Pay Off Coloring Sheet

Apply for 1:1 Coaching

Link to Register for the Free Webinar 

In this episode, Rita-Soledad Fernandez Paulino, a queer Mexican-American money and self-care coach, explains the importance of sinking funds for Black, Indigenous, People of Color (BIPOC), women, and LGBTQ+ communities aiming for early retirement without compromising wellness.

The host announces a free webinar on May 13th and then dives into the concept of sinking funds, explaining their purpose, how they differ from emergency funds, and the steps to set them up.

Listeners will learn about the emotional benefits of sinking funds, prioritizing joy and long-term planning, and the practicalities of managing multiple funds. The episode covers strategies for staying consistent, avoiding guilt, and making financial decisions that support both personal well-being and community care.

Practical tips include using high-yield savings accounts, calculating contributions, and adjusting plans as needed. The episode concludes with encouraging listeners to take proactive steps towards financial security while ensuring self-care and joy.

00:00 Introduction and Host Welcome

00:21 Upcoming Free Webinar Announcement

00:41 Understanding Sinking Funds

01:23 Personal Experiences with Sinking Funds

02:22 Stages of Financial Security

02:51 Defining Sinking Funds

03:25 Difference Between Sinking Funds and Emergency Funds

09:03 Setting Up Sinking Funds

11:28 Managing and Tracking Sinking Funds

18:22 Using Sinking Funds Without Guilt

26:51 Final Thoughts and Next Steps

28:35 Disclaimer and Closing Remarks