Financial Fortitude: Tax, Wealth & Investment Strategies for High Income Earners Titelbild

Financial Fortitude: Tax, Wealth & Investment Strategies for High Income Earners

Financial Fortitude: Tax, Wealth & Investment Strategies for High Income Earners

Von: Genesis Wealth Planning
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Financial Fortitude is a podcast for high-income earning professionals facing complex financial issues/challenges such as: - How to pay off MASSIVE student loan debt as quickly as possible? - Where should I be saving today so I can retire early? - When can I retire and how much do I “need” to have saved? - I’m ready to sell my business, what should I be doing? Hosted by experienced financial advisors and CFP®s, Michael Acosta and Brady Hemmerle. This show goes beyond stale and generic strategies to provide in-depth advice about high-income earning professionals’ unique situations. Each episode delves into critical financial topics, helping you enhance your knowledge, strengthen your financial fortitude, and guide you toward becoming an Extraordinary Wealth Builder (#EWB). Financial Guidance for High Earners Smart Money Moves for High-Income Professionals Tax, Wealth & Investment Strategies for Top Earners Financial Planning for Doctors, Lawyers & Execs Wealth Management Tips for High-Income Earners Expert Advice on Taxes, Investing & Growing Wealth High Earner Money Talk Financial Wisdom for 6-Figure+ Entrepreneurs Smart Strategies for Managing High Income Money, Taxes & Freedom for High-Earning ProfessionalsCopyright 2026 Genesis Wealth Planning Management & Leadership Persönliche Finanzen Ökonomie
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  • Your Business Is Making Money. But Are You Keeping Any? - E55

    Your Business Is Making Money. But Are You Keeping Any? - E55
    Sep 24 2026
    Michael and Brady unpack the Profit First Mentality and explain why revenue alone is not a reliable measure of business success. They explore how flipping the traditional cash-flow equation from “sales minus expenses equals profit” to “sales minus profit equals expenses” can fundamentally change how business owners manage money. You’ll learn how profit, owner compensation, taxes, and operating expenses can be intentionally separated into different accounts, creating greater clarity and discipline around every dollar your business earns. The conversation also dives into lifestyle creep, cash-flow management, business valuation, and the connection between your business finances and personal financial plan. If you’re a business owner who has ever achieved record revenue but wondered why you aren’t keeping more of it, this episode offers a practical framework for taking control of your cash flow and building a healthier, more profitable business.Key Timestamps:(00:00) – Why Business Owners Need To Pay Themselves First(06:00) – Why High Revenue Does Not Mean Financial Health(14:00) – Profit First Versus Bookkeeping And Tax Planning(18:00) – The Five Bank Accounts Every Business Owner Needs(24:00) – Separating Owner Compensation From Business Profit(26:00) – Building A Realistic Operating Expense Budget(28:00) – Creating Scarcity To Control Business Spending(32:00) – Using Cash Flow Clarity To Make Better Decisions(36:00) – Why Profit First Can Increase Business Value(38:00) – The Emotional Impact Of Financial Organization(40:00) – Why Revenue Is Not The Number That Matters Most(43:00) – Building A More Intentional Financial FutureKey Takeaways:• How the Profit First formula flips the traditional equation from sales minus expenses equals profit to sales minus profit equals expenses.• How the five-account Profit First structure works and why giving every dollar a specific purpose can change spending behavior.• Why owner's compensation and profit distributions serve different purposes and how separating them can help prevent profits from disappearing into operating expenses.• Why business lifestyle creep can cause expenses to rise alongside revenue and leave owners financially stuck.• How creating intentional scarcity in the operating account can force better spending decisions and reduce unnecessary business expenses.• Why financial organization can make a business more attractive to potential buyers and contribute to a stronger business valuation.• The emotional impact of finally seeing where your money is going—and why greater financial clarity can make business ownership feel more rewarding.Key Topics Discussed:Financial Fortitude, Genesis Wealth Planning, Brady Hemmerle, Michael Acosta, Financial Wellness, Wealth Building, Financial Psychology, Financial Advisor, Finance Coach, Student Loan Debt, Finance Guidance for High Earners, Business Owner Finances, Hiring a Financial Advisor, Student Loan Forgiveness, Tax Strategies, Retirement Planning, Investing Strategies, Financial Guidance for High Earners, Smart Money Moves for High-Income Professionals, Tax, Wealth & Investment Strategies for Top Earners, Financial Planning for Doctors, Lawyers & Execs, Wealth Management Tips for High-Income Earners, Advice on Taxes, Investing & Growing Wealth, High Earner Money Talk, Financial Wisdom for 6-Figure+ Entrepreneurs, Smart Strategies for Managing High Income, Taxes & Freedom for High-Earning Professionals, The Dave Ramsey Show, BiggerPockets Podcast, The Motley Fool Money Show, We Study Billionaires, ChooseFI, Afford AnythingMentions:Website: https://www.genesiswealthplanning.com/Michael’s LinkedIn: https://www.linkedin.com/in/michaelracosta/Brady’s LinkedIn: https://www.linkedin.com/in/brady-hemmerle-cfp%C2%AE-75043013a/Financial Health Checkup: https://www.livingbalancesheet.com/lbsVision/lite/michaelracoThis podcast is for informational purposes only and is not to be construed as tax, legal, or investment advice. Although the information has been gathered from sources believed to be reliable, please note that individual situations can vary. Therefore, the information should be relied upon only when coordinated with individual professional advice. Guest speakers and their firms are not affiliated with or endorsed by PAS, Guardian, or Genesis Wealth Planning and opinions stated are their own. Guardian, its subsidiaries, agents, and employees do not provide tax, legal, or accounting advice. Consult your tax, legal, or accounting professional regarding your individual situation. All investments and investment strategies contain risk and may lose value. Michael Acosta is a Registered Representative and Financial Advisor of Park Avenue Securities LLC (PAS). OSJ: 6115 PARK SOUTH DRIVE, SUITE 200, CHARLOTTE NC, 28210, 704-5528507. Securities products and advisory services offered through PAS, member FINRA, SIPC. Financial Representative of The Guardian Life ...
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    45 Min.
  • What 2 Major Studies Reveal About Timing the Market - E54

    What 2 Major Studies Reveal About Timing the Market - E54
    Sep 10 2026
    Michael and Brady break down the fundamentals of dollar-cost averaging, explaining why consistent investing often beats waiting for the "perfect" opportunity. They explore the psychology behind investing, compare dollar-cost averaging with lump-sum investing, and unpack real research from Vanguard and Wells Fargo on long-term market performance. Whether you're just beginning your investing journey, building wealth for retirement, or wondering how to invest during volatile markets, this conversation delivers practical strategies to help you invest with greater confidence and discipline.Key Timestamps:(00:00) – What Dollar Cost Averaging Really Means(04:10) – How Retirees Use Dollar Cost Averaging Too(05:45) – Why Emotions Matter More Than Market Timing(07:05) – Investing During Market Highs And Market Crashes(09:00) – Why Younger Investors Benefit From Market Volatility(10:45) – Adjusting Investment Strategies in Retirement(11:50) – Dollar Cost Averaging vs. Lump Sum Investing(13:10) – Combining Lump Sum and Consistent Investing(15:05) – What Vanguard Research Reveals About Investing(17:10) – Why Time In The Market Beats Waiting(19:00) – Who Should Choose Dollar Cost Averaging(21:00) – Matching Investment Strategy To Risk Tolerance(22:15) – The Hidden Cost Of Trying To Time Markets(24:00) – Missing The Best Trading Days Can Cost Thousands(25:20) – Automating Investments For Long-Term Success(26:35) – Building A Financial System That Removes EmotionKey Takeaways:• What dollar cost averaging really is—and why you're probably already using it without realizing it.• Why trying to time the market often creates more stress, fear, and missed opportunities than long-term success.• How consistent investing helps remove emotion from financial decisions and builds confidence over time.• The key differences between dollar cost averaging and lump sum investing—and when each strategy makes the most sense.• What Vanguard's research reveals about getting your money invested sooner rather than later.• Why younger investors and retirees should approach dollar cost averaging differently based on their time horizon and income needs.• How automating your investments creates a stronger financial system that doesn't rely on perfect timing or perfect discipline.Key Topics Discussed:Financial Fortitude, Genesis Wealth Planning, Brady Hemmerle, Michael Acosta, Financial Wellness, Wealth Building, Financial Psychology, Financial Advisor, Finance Coach, Student Loan Debt, Finance Guidance for High Earners, Business Owner Finances, Hiring a Financial Advisor, Student Loan Forgiveness, Tax Strategies, Retirement Planning, Investing Strategies, Financial Guidance for High Earners, Smart Money Moves for High-Income Professionals, Tax, Wealth & Investment Strategies for Top Earners, Financial Planning for Doctors, Lawyers & Execs, Wealth Management Tips for High-Income Earners, Advice on Taxes, Investing & Growing Wealth, High Earner Money Talk, Financial Wisdom for 6-Figure+ Entrepreneurs, Smart Strategies for Managing High Income, Taxes & Freedom for High-Earning Professionals, The Dave Ramsey Show, BiggerPockets Podcast, The Motley Fool Money Show, We Study Billionaires, ChooseFI, Afford AnythingMentions:Website: https://www.genesiswealthplanning.com/Michael’s LinkedIn: https://www.linkedin.com/in/michaelracosta/Brady’s LinkedIn: https://www.linkedin.com/in/brady-hemmerle-cfp%C2%AE-75043013a/Financial Health Checkup: https://www.livingbalancesheet.com/lbsVision/lite/michaelracoThis podcast is for informational purposes only and is not to be construed as tax, legal, or investment advice. Although the information has been gathered from sources believed to be reliable, please note that individual situations can vary. Therefore, the information should be relied upon only when coordinated with individual professional advice. Guest speakers and their firms are not affiliated with or endorsed by PAS, Guardian, or Genesis Wealth Planning and opinions stated are their own. Guardian, its subsidiaries, agents, and employees do not provide tax, legal, or accounting advice. Consult your tax, legal, or accounting professional regarding your individual situation. All investments and investment strategies contain risk and may lose value.Michael Acosta is a Registered Representative and Financial Advisor of Park Avenue Securities LLC (PAS). OSJ: 6115 PARK SOUTH DRIVE, SUITE 200, CHARLOTTE NC, 28210, 704-5528507. Securities products and advisory services offered through PAS, member FINRA, SIPC. Financial Representative of The Guardian Life Insurance Company of America® (Guardian), New York, NY. PAS is a wholly owned subsidiary of Guardian. Genesis Wealth Planning is not an affiliate or subsidiary of PAS or Guardian. CA Insurance License # 0M50974. 7237198.43. Expiration 8/28.
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    30 Min.
  • 529 Plans—The Mistake Most Parents Make | AMA #1 - E53

    529 Plans—The Mistake Most Parents Make | AMA #1 - E53
    Aug 27 2026
    Michael and Brady answer two thoughtful listener questions that uncover some of the smartest ways parents can build long-term wealth for their children. From maximizing the benefits of 529 plans to understanding the rules behind Roth IRA conversions, they break down complex financial strategies into practical, easy-to-understand guidance. They also explain why employing your children through your business isn't always as straightforward as it seems and explore smarter alternatives for creating tax-efficient wealth. Along the way, they reveal common planning mistakes, FAFSA considerations, and how to align every financial account with your family's long-term goals. Whether you're saving for college, retirement, a first home, or generational wealth, this episode provides a roadmap for giving your children the strongest financial head start possible.Key Timestamps:(00:00) – How To Give Your Kids The Best Financial Head Start(02:15) – The Right Way To Think About Wealth Building For Children(04:10) – Choosing Between 529 Plans Roth IRAs And Custodial Accounts(06:45) – How A 529 Plan Can Fund College And Retirement(09:00) – Parent Vs Child Ownership Of A 529 Plan Explained(10:45) – Can Parents Keep Ownership During A Roth IRA Rollover?(12:00) – The $35,000 529 To Roth IRA Conversion Rules(13:10) – Why Your Child Must Have Earned Income For Roth Transfers(15:00) – State Tax Benefits Every 529 Plan Owner Should Know(16:30) – Why Business Owners Cannot Simply Fund A Child's 401k(18:20) – 401k Eligibility Rules That Prevent Child Participation(20:10) – Smarter Tax Strategies For Employing Your Children(22:00) – Using Business Income To Fund College And Retirement Accounts(24:00) – The Best Ways To Allocate Money Across Multiple Accounts(25:45) – Avoiding Popular Wealth Building Mistakes For Parents(27:00) – Advanced 529 Strategies Most Families Never Consider(28:10) – Building A Multi-Generational Financial Legacy For Your FamilyKey Takeaways:• Why the first question isn't which account should I open?—it's what do I want this money to accomplish?• How a 529 plan can potentially fund both your child's education and jump-start their retirement through the Secure Act 2.0 Roth IRA rollover provision.• The advantages of keeping a 529 plan in the parent's name instead of the child's—and how that decision can impact FAFSA calculations.• The rules behind converting unused 529 funds into a Roth IRA, including annual contribution limits, lifetime conversion limits, and earned income requirements.• Why business owners can't simply make employer 401(k) contributions for their children—and the eligibility rules that prevent it.• The tax-efficient strategy many business owners use when employing their children and how those earnings can help fund Roth IRAs, 529 plans, and other investment accounts.• Why collecting every type of investment account isn't the goal—and how choosing the right combination creates a stronger long-term financial plan for your family.Key Topics Discussed:Financial Fortitude, Genesis Wealth Planning, Brady Hemmerle, Michael Acosta, Financial Wellness, Wealth Building, Financial Psychology, Financial Advisor, Finance Coach, Student Loan Debt, Finance Guidance for High Earners, Business Owner Finances, Hiring a Financial Advisor, Student Loan Forgiveness, Tax Strategies, Retirement Planning, Investing Strategies, Financial Guidance for High Earners, Smart Money Moves for High-Income Professionals, Tax, Wealth & Investment Strategies for Top Earners, Financial Planning for Doctors, Lawyers & Execs, Wealth Management Tips for High-Income Earners, Advice on Taxes, Investing & Growing Wealth, High Earner Money Talk, Financial Wisdom for 6-Figure+ Entrepreneurs, Smart Strategies for Managing High Income, Taxes & Freedom for High-Earning Professionals, The Dave Ramsey Show, BiggerPockets Podcast, The Motley Fool Money Show, We Study Billionaires, ChooseFI, Afford AnythingMentions:Website: https://www.genesiswealthplanning.com/Michael’s LinkedIn: https://www.linkedin.com/in/michaelracosta/Brady’s LinkedIn: https://www.linkedin.com/in/brady-hemmerle-cfp%C2%AE-75043013a/Financial Health Checkup: https://www.livingbalancesheet.com/lbsVision/lite/michaelracoThis podcast is for informational purposes only and is not to be construed as tax, legal, or investment advice. Although the information has been gathered from sources believed to be reliable, please note that individual situations can vary. Therefore, the information should be relied upon only when coordinated with individual professional advice. Guest speakers and their firms are not affiliated with or endorsed by PAS, Guardian, or Genesis Wealth Planning and opinions stated are their own. Guardian, its subsidiaries, agents, and employees do not provide tax, legal, or accounting advice. Consult your tax, legal, or accounting professional regarding your individual situation. All investments and ...
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    30 Min.
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