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

Join the Wealth Para Todos Academy Waitlist

10 Stages of Financial Security Handout

In this episode, host Rita-Soledad Fernandez Paulino, a queer Mexican-American money and self-care coach, explores how job loss, especially due to external factors like politics or policy, can severely disrupt one's financial security, identity, and nervous system.

Soledad focuses on the concept of moral injury and how it affects money behavior. They outline the importance of building real financial security through awareness of financial literacy, knowledge of one's numbers, increasing income intentionally, and nurturing a positive money mindset.

This is supplemented by their D.I.V.E.R.S.E. self-care approach, which emphasizes nurturing the nervous system to make clear financial decisions post-layoff.

The episode ends with an invitation to join the Wealth Para Todos Academy for further support in building durable financial safety.

00:22 Reflecting on Job Loss and Its Impact

01:39 Understanding the Political Layoff

02:06 The Myth of Job Security

03:03 Building Financial Systems for Security 05:22 Moral Safety and Its Disruption

07:01 Navigating Emotional Reactions to Layoffs

10:19 The Wealth Building Cycle

11:16 D.I.V.E.R.S.E. Self-Care After a Layoff

15:31 Developing Financial Literacy

19:49 Knowing Your Numbers

22:13 Increasing Your Income with Intention

23:39 Redefining Security and Stability

27:53 Conclusion and Next Steps

Join the waitlist for Wealth Para Todos Academy
In this episode of the Wealth Para Todos podcast, host Rita-Soledad Fernandez Paulino, a queer Mexican-American money and self-care coach, addresses the complex and emotionally charged topic of planning for aging parents' retirement.

Soledad delves into why first- and second-generation adults often bear the financial and emotional responsibility of supporting their parents, highlighting systemic barriers that have prevented previous generations from achieving financial security.

They outline actionable steps such as understanding parents' current financial situations, strengthening their accounts, setting up emergency and sinking funds, and exploring future housing and income options.

Throughout, Soledad emphasizes the importance of financial flexibility and maintaining one's own financial stability. This episode is a blend of emotional, relational, and financial advice aimed at helping listeners build a sustainable plan for their parents' retirement without sacrificing their own wellness.

00:00 Introduction to Wealth Para Todos Academy

00:41 The Emotional Labor of Planning for Aging Parents

02:13 Systemic Inequities and Their Impact on Wealth Building

05:50 The Emotional Weight of Financial Planning

15:52 Strategies for Supporting Your Parents' Retirement

24:42 Conclusion and Final Thoughts

Join the waitlist for Wealth Para Todos Academy
In this episode of Wealth Para Todos, host Rita-Soledad Fernandez Paulino discusses the common struggle among first-generation wealth builders of opting for cheaper, lower-quality items despite having the means to afford better options.

Soledad explores the psychological and emotional reasons behind this behavior, such as scarcity conditioning, self-concept lag, and cultural narratives. They introduce the concept of aligned spending and provides a five-step framework to help listeners transition from spending out of fear and scarcity to spending with neutrality and joy.

The episode concludes with practical advice and an invitation to join Wealth Para Todos Academy for further financial and self-care coaching.

00:00 Introduction to Wealth Para Todos

00:21 Understanding Scarcity Conditioning

02:52 The Emotional Impact of Spending

07:03 Spending from Scarcity vs. Neutrality vs. Joy

12:38 Aligned Spending Framework

16:33 Conclusion and Next Steps

17:51 Wealth Para Todos Academy Announcement

18:47 Final Thoughts and Disclaimer

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In this episode of Wealth Para Todos, host Rita-Soledad Fernández Paulino, a queer Mexican-American money and self-care coach, addresses a common listener query on how to integrate self-care into a full-time job.

Key insights include setting boundaries at work, recognizing the impact of workplace culture on personal wellness, and adopting a 24-hour self-care strategy.

The episode concludes with actionable steps for integrating self-care into daily routines and tips for protecting post-work energy.

00:00 Introduction to Wealth Para Todos

00:21 Incorporating Self-Care at a 9 to 5 Job

01:25 Personal Experience and Overworking

02:41 Evaluating Your Relationship with Your Job

05:28 24-Hour Self-Care Strategy

06:58 D.I.V.E.R.S.E. Self-Care Explained

10:49 Setting Boundaries at Work

15:47 Final Thoughts and Staying Connected

In this episode of Wealth Para Todos, host Rita-Soledad Fernandez Paulino, a queer Mexican-American money and self-care coach, addresses a listener's question about choosing a partner to build wealth with.

Drawing from their personal experiences, including growing up with a financially independent single mom and her two marriages, Soledad explores the psychological and emotional facets of financial planning within a relationship.

Soledad also discusses common money-related personality types, the importance of self-awareness and emotional regulation, and the need for open communication and value alignment with a partner. They emphasize that mutual financial growth depends on nurturing a growth mindset.

The episode also includes practical advice on individual and shared financial planning, promoting the idea that while a partner shouldn't be your only financial plan, a partnership can significantly contribute to financial well-being when approached consciously.

00:00 Introduction and Mission
00:21 Listener's Question: Choosing the Right Partner for Wealth Building
01:02 Personal Story: Growing Up Valuing Financial Independence
03:30 First Marriage: Financial Lessons Learned
06:23 Understanding Money Personalities
09:09 Second Marriage: Building Financial Security Together
11:50 Key Traits for Financial Compatibility
19:46 Final Thoughts and Next Steps

Other Wealth Para Todos Podcast episodes referenced in this episode:

• #30: Why Every First-Gen Wealth Builder Needs a Loved One Emergency Fund
• #28: Breaking Free from Hyper-Independence: How Interdependence Builds Financial Security
• Episodes #12 - #18 discuss the 10 stages of financial security

10 Stages of Financial Security Handout
Book a Discovery Call to Learn More About 1:1 Coaching w/Soledad
Sign-up for Roth IRA Office Hours
Follow me on Instagram
Subscribe to my email list