In this episode of Wealth Para Todos, host Rita-Soledad Fernandez Paulino breaks down the concept of financial capacity and its impact on relationships. They discuss why some individuals struggle to engage in financial planning and how chronic stress, money trauma, mental health, grief, shame, and overstimulation can affect one's capacity to handle financial matters.

Soledad provides practical tips for the partner managing finances to cope without becoming resentful and emphasizes the importance of mutual consent, simplified financial systems, and external support. Join the Wealth Para Todos Academy Waitlist for more personalized guidance.

00:00 Introduction to Wealth Para Todos

00:58 Understanding Capacity in Financial Planning

03:44 Impact of Chronic Stress and Burnout

05:38 Money Trauma and Its Effects

07:06 Mental Health and Neurodivergence

09:02 The Role of Grief in Financial Capacity

10:48 Shame and Self-Protection

12:02 Overstimulation and Decision Fatigue

13:53 Managing Finances in a Relationship

17:53 Tips for Coping Without Resentment

23:53 Conclusion and Invitation to Wealth Para Todos Academy

In this episode of Wealth Para Todos Podcast, host Rita-Soledad Fernandez Paulino delves into the intricacies of Index Universal Life Insurance (IUL) policies.

Soledad explains what IULs are, why they are marketed as tax-free retirement solutions, and who they might be suitable for. They discuss the high fees, limited growth, and complexities involved with IULs, highlighting the emotional tactics used to sell these products. Soledad also provides guidance on alternative wealth-building tools like Roth IRAs and emphasizes the importance of financial literacy and being wary of fear-based financial decisions.

If you're considering an IUL or already have one, the podcast offers practical advice on managing these policies effectively.

00:00 Introduction to Wealth Para Todos Podcast

01:01 Understanding Index Universal Life Insurance (IUL)

02:12 Why IULs are Popular in Certain Communities

02:54 The Financial Incentives Behind Selling IULs

04:16 The Emotional Appeal of IULs

06:25 The Hidden Costs and Risks of IULs

10:03 When an IUL Might Make Sense

11:05 Alternatives to IULs

13:43 Personal Experiences and Final Thoughts

16:29 Conclusion and Next Episode Preview

In this episode of the Wealth Para Todos podcast, host Rita-Soledad Fernandez Paulino interviews Carla Santamaria, a first-generation coach who shares her journey of overcoming wealth guilt and achieving financial empowerment.

Carla Santamaria is a community psychologist, LinkedIn educator, and career strategist who more than doubled her salary in 10 months by leveraging her transferable skills and pivoting industries from higher ed to healthcare to tech. As a Miami-raised, Honduran born immigrant and first-gen professional, Carla is on a mission to help her community build careers that support the lives they truly want to live.

In addition to her full-time tech job, Carla is the host of The First Gen Coach: A Career Development Podcast for Latinas and First Gen Professionals.Carla has been featured in notable outlets including Univision Noticias, PopSugar Juntos, and Latinas in Tech.

In this interview, Solead and Carla discuss Carla's initial hesitation and guilt after winning a free membership to the Wealth Para Todos Academy, her journey to overcoming financial anxiety, and how she learned to manage her business finances. The conversation delves into the importance of self-care, understanding systemic inequities, and cultivating a mindset that embraces financial security.

Carla also speaks about the transformative impact of coaching on her life and promotes her upcoming webinar on negotiating raises. This episode provides valuable insights for anyone looking to improve their financial literacy while maintaining their overall wellness.

00:00 Introduction to Wealth Para Todos

00:21 Meet Our First Guest: Carla Santa Maria

00:54 Carla's Journey to Wealth Para Todos Academy

02:36 Overcoming Wealth Guilt

03:54 Financial Milestones and Realizations

04:59 The Importance of Self-Care in Financial Planning

06:16 Navigating Systemic Inequities

14:37 The Role of Coaching in Personal Growth

16:48 D.I.V.E.R.S.E. Self-Care Practices

20:32 Knowing Your Numbers: A Financial Shift

26:26 Who Should Join Wealth Para Todos Academy?

28:30 Carla's Upcoming Webinar

29:36 Conclusion and Final Thoughts