What The Wealthy Do

What The Wealthy Do
  • 4.7 (35)
  • Entrepreneurship
  • Updated Weekly

What The Wealthy Do – Financial Wisdom for Black Women 💼👑 This 15-minute podcast helps Black women decode the strategies the wealthy use to build and grow wealth—and how you can apply them on your wealth building journey. Because you don’t have to wait until you’re wealthy to do what the wealthy do. Short, powerful, 15-minute episodes drop every Wealthy Wednesday. Launching July 2, 2025.

  1. 2d ago

    Summer Series: Why You Need an Investor's Mindset to Have a Consumer's Lifestyle

    Summer Series: Are You Living Like a Consumer or an Investor?  Most of us want the lifestyle of a consumer. But here's the paradox: to actually have that lifestyle, you need to think like an investor.  In this episode, Stephanie reveals how wealthy people make every financial decision—and why it's the complete opposite of what most people do.  She breaks down the real difference between spending money and making money work for you. And she does it with examples so practical, you'll never look at your money the same way again.  What you'll discover: How the wealthy think about money (hint: it's not about how much they make)The framework behind every decision the wealthy makeWhy your daily habits are secretly keeping you from wealthThe question you need to ask before every purchaseHow to navigate holiday spending without losing yourself  Key topics: Consumer mindset | investor mindset | wealth building | spending habits | financial decisions | Black women wealth | money psychology New episodes every Wednesday. Subscribe and share with someone ready to think like an investor.  Host: Stephanie Dorsey, CEO & Co-Founder of Margins Capital What the Wealthy Do is the podcast where we break down concrete, actionable strategies ultra-wealthy use to build wealth and apply them to busy, brilliant Black women building wealth from the ground up.  RESOURCES: Sovereign Collective: joinsovereign.coMargins Capital: https://www.marginscapital.comWTWD Episodes Tracker: https://docs.google.com/spreadsheets/d/1TaUUVivqfjSckA1oyhbjNRlbY_m0DMPLWbfH-eoHnDY/edit?usp=sharing  Subscribe wherever you get podcasts. Follow: Instagram | TikTok | YouTube (@whatthewealthydo)

  2. Jul 15

    Summer Series: The 3 Money Beliefs That Build Wealth

    Summer Series: Your Mindset Is Everything: The 3 Money Beliefs That Build Wealth  You can have all the strategies in the world. You can know the wealthy framework inside and out. But if your mindset isn't aligned, nothing will change.  In this episode, Stephanie breaks down the exact mindset framework that separates wealthy people from everyone else. She calls it "The 3 Money Beliefs," and it's foundational to everything.  THE 3 COMPONENTS OF WEALTHY MINDSET:  1. They believe they DESERVE to be wealthy 2. They are CONFIDENT in their ability to create wealth 3. They understand the ROLE THAT RISK plays in building wealth  THE REAL TALK: Stephanie shares a powerful skiing story that changed everything. She was rolling down a slope, tumbling uncontrollably. But instead of bracing for impact (which would have caused injury), she stayed open and fluid. She got back up with virtually no pain. That's the metaphor for wealth building: stop tensing up trying to avoid pain, and stay in flow.  She also talks about: • Why she went to Kellogg (a top 5 business school) to "be where the money resides" • Why systemic messages counter our "deserve wealth" belief • Why you don't need to know everything—you just need to be resourceful • Why risk means something different for Black & Brown people • Why most millionaires are made in their late 40s-50s (when evidence builds confidence)  WHAT YOU'LL LEARN: ✓ The 3 money beliefs that wealthy people have ✓ How to identify and shift your own limiting beliefs ✓ Why "bracing for impact" prevents wealth building ✓ How to build genuine confidence in your wealth-creating ability ✓ Why getting comfortable with calculated risk is essential ✓ The specific reflection questions that shift everything  KEY INSIGHTS FROM THIS EPISODE: • Your mindset is everything—shift it, and your whole life shifts • Systemic messages run counter to "I deserve wealth" (and that's part of the work) • Your "inner over-protector" is trying to protect you but actually limits you • You've overcome hard things before—use that as evidence of your ability • Risk historically meant something different for Black/Brown people (survival vs. financial) • But wealth is built through strategic, informed risk-taking • Confidence comes from accumulating evidence of your capabilities  RESOURCES MENTIONED:• Sovereign Collective (Black women building wealth together): joinsovereign.co • Kellogg School of Management (where wealthy people gather) • Margins Capital (this framework in action) • WTWD Episodes Tracker: https://docs.google.com/spreadsheets/d/1TaUUVivqfjSckA1oyhbjNRlbY_m0DMPLWbfH-eoHnDY/edit?usp=sharing  COMING SOON IN THE SUMMER SERIES: New episodes every Wednesday covering: • Consumer vs Investor mindset shift • Inside the rooms (Black women in private equity) • How to analyze stocks like the wealthy • 401k reality check (and what's missing) • Future of private markets (where real wealth is built)  New episodes every Wednesday. Subscribe and share with someone ready to reprogram their mindset.  What the Wealthy Do is the podcast where we break down the concrete, actionable strategies ultra-wealthy use to build wealth—and apply them to busy, brilliant Black women building wealth from the ground up.  Host: Stephanie Dorsey, CEO & Co-Founder of Margins Capital Topics: Money mindset | wealth beliefs | financial psychology | alternative investments | Black women wealth | entrepreneurship | summer series  Subscribe wherever you get podcasts. Follow: Instagram | TikTok | YouTube (@whatthewealthydo)

  3. Jul 8

    Summer Series: 7 Strategies the Wealthy Use (That You Can Start Today)

    The wealthy don't have a secret. They have a FRAMEWORK.  And in this episode, Stephanie breaks down Margins Capital's proprietary "Wealthy Framework"—7 concrete, actionable strategies that ultra-wealthy people use to build and protect their money. Whether you're just starting or already on your way, this is the roadmap.  📊 THE 7 WEALTHY STRATEGIES: • Capital Allocation Plan (not budgeting—know where your money goes) • Take Advantage of Corporate Benefits (401k match = FREE MONEY) • Manage Debt Responsibly (debt is a tool, not the enemy) • Build Savings (3-6 months of cash on hand) • Start Investing (make money while you sleep)• Protect What You Build (estate planning) • Alternative Investments (next level wealth building)  🚨 THE REAL TALK: Stephanie covers why most people stay stuck—even earning six figures—and shows you the exact framework that separates the wealthy from everyone else. The difference isn't income. It's INTENTION and knowing these 7 strategies. You don't need to be ultra-wealthy to use them. You just need to know them.  📌 WHAT YOU'LL LEARN: ✓ The 7 strategies in order (and why sequence matters—sometimes) ✓ Why you DON'T need to do all 7 at once (pick ONE and start) ✓ How to mix and match strategies based on your life ✓ Why wealth starts with INTENTION, not income ✓ The 95th percentile secret: Master these 7 = you're ahead of almost everyone ✓ Real examples of how these strategies work together ✓ Permission to start small (small consistent moves = massive wealth)  💡 KEY INSIGHTS FROM THIS EPISODE: • Wealth doesn't start with income—it starts with intention • Even if you make six figures, you could be living paycheck to paycheck • It's about how you MANAGE the money you have, not how much you make • Small, consistent moves lead to massive wealth • You can work on multiple strategies at once (don't wait for perfection) • Ultra-wealthy spend $100K-$500K+ on advisors, but the high-level strategies are the same • The rules change, but the framework stays solid  🔗 RESOURCES MENTIONED: • Sovereign Collective (Black women building wealth together): joinsovereign.co • Margins Capital: The framework breakdown • Estate planning investment: $3-5K• 401k with employer match = free money • High-yield savings accounts (don't let your cash sit idle earning 0.0001%)  📚 COMING SOON IN THE SUMMER SERIES: New episodes every Wednesday covering: • Roth IRA deep dive (why it's the ideal investment account) • Estate planning explained (why $3-5K now saves your family) • Consumer vs Investor mindset shift • Inside the rooms (Black women in private equity)• How to analyze stocks like the wealthy • 401k reality check (and what's missing) • Future of private markets (where real money is built) New episodes every Wednesday. Subscribe and share with someone ready to build wealth.  What the Wealthy Do is the podcast where we break down the concrete, actionable strategies ultra-wealthy use to build wealth—and apply them to busy, brilliant Black women building wealth from the ground up.  Host: Stephanie Dorsey, CEO & Co-Founder of Margins Capital Topics: Wealth building | financial strategies | money mindset | debt management | estate planning | Black women wealth | alternative investments | summer series Subscribe wherever you get podcasts. Follow: Instagram | TikTok | YouTube (@whatthewealthydo)

  4. Jul 1

    $1.6 TRILLION → $2.1 TRILLION: The Wealth Power Black Women Don't Know They Have

    Black Women Don't Know They Have Black women control $2.1 trillion in buying power—and that number has GROWN from $1.6 trillion just a few years ago. That's bigger than Spain's entire GDP. But we're still underpaid, under-resourced, and left out of wealth-building conversations. In this episode, Stephanie Dorsey gets REAL about Black women and money. She breaks down the statistics nobody talks about, the obstacles we face, AND the power we already have.  THE NUMBERS THAT MATTER: • Black women control $2.1 trillion in economic buying power (2026) • Growth from $1.6 trillion shows how fast our wealth is building • Black women manage 52% of Black community wealth = $900 billion annually • 2.7 million Black women entrepreneurs (fastest-growing cohort) • $98 billion in revenue generated 2019-2023 • For every $100 white people own, we own $15 (wealth gap reality) • 16% of college-educated Black people earn $100K+  You'll learn: • The real numbers about Black women's economic power (and why they're hidden) • Why the wealth gap is growing (and what to do about it) • The 4 strategies wealthy people use to build long-term wealth• Why your money story matters (and how to rewrite it) • Why you can't build wealth alone—and how to find your community This isn't a sad story about what we don't have. This is a wake-up call about the power we DO have. And more importantly, it's your permission to stop playing small and start building the wealth you deserve.  New episodes every Wednesday. Subscribe and share with someone who needs this.  What the Wealthy Do is the podcast where we break down the tips, tricks, tactics, and strategies that ultra-wealthy use to build their wealth—and apply them to busy, brilliant Black women building wealth from the ground up.  Topics: Black women wealth | wealth gap | financial independence | entrepreneur stories | money mindset | alternative investments | retirement planning | Black economic power  Subscribe wherever you get podcasts.Follow: Instagram | TikTok | YouTube (@whatthewealthydo)

  5. Jun 24

    Step by Step Series: How to Roll Over Your Old 401k Into an IRA the Right Way | Episode 21

    If you have changed jobs in the past 10 years and never rolled over your 401k, you have money sitting somewhere right now with high fees, limited investment options, and zero attention. That money could be working for you. Today we are fixing that. This is Episode 21 of What the Wealthy Do, part of the Step by Step Series. Today Stephanie Dorsey walks through exactly what to do with your old 401k when you leave a job, step by step, click by click. When you leave an employer you have four options: leave it, roll into your new employer's plan, roll into an IRA, or cash it out. Cashing out means losing 30 to 40% instantly in taxes and penalties. The right move for most people is an IRA rollover. But here is what most people do not know: there are two types of IRAs to consider. A traditional IRA at a brokerage like Fidelity, Vanguard, or Schwab gives you stocks, bonds, ETFs, and mutual funds. A self-directed IRA gives you access to alternatives like real estate, private equity, private credit, venture capital, and crypto — the investments the ultra wealthy use to build generational wealth. Stephanie walks through how to choose between them, how to execute a direct rollover without triggering taxes, what to do with multiple old 401ks scattered across employers, and the mistakes that can blow up your backdoor Roth strategy. Also covered: Roth 401k rollovers, the five year rule, and why you should open a Roth IRA today even with just $100. Browse all What the Wealthy Do episodes: https://docs.google.com/spreadsheets/d/1TaUUVivqfjSckA1oyhbjNRlbY_m0DMPLWbfH-eoHnDY/edit Join the next Sovereign Collective cohort: joinsovereign.co This podcast provides financial education and not financial advice.

  6. Jun 17

    Step by Step Series: When to Convert Your 401k to a Roth and When to Leave It Alone | Episode 20

    Peter Thiel used a Roth account to turn a small investment in PayPal stock into $5 billion the IRS cannot touch. That is not a loophole. That is a strategy. And today Stephanie Dorsey breaks down exactly how Roth conversions work and how to use them to pay less tax over your lifetime. This is Episode 20 of What the Wealthy Do, part of the How Does This Actually Work series. Every dollar in your traditional 401k or IRA will get taxed eventually. The question is not whether you pay. It is when and at what rate. A Roth conversion lets you choose to pay tax now at today's rate so that everything inside your Roth grows tax free forever and your heirs inherit it tax free too. This episode covers why the wealthy convert even when they do not have to, including rising future tax rates, required minimum distributions at 73, and estate planning. Stephanie walks through a real case study showing how a 15-year conversion window saves a family from a brutal tax bill in retirement, covers the five best times to convert, and explains when you should absolutely not convert. For entrepreneurs: the ROBS 401k Roth conversion strategy is also covered, the exact move Stephanie is personally executing at Margins Capital, where converting your business stock to a Roth while the valuation is still low could save you over a million dollars in taxes at exit. Browse all What the Wealthy Do episodes: https://docs.google.com/spreadsheets/d/1TaUUVivqfjSckA1oyhbjNRlbY_m0DMPLWbfH-eoHnDY/edit?usp=sharing Join the next Sovereign Collective cohort: joinsovereign.co This podcast provides financial education and not financial advice.

  7. Jun 10

    Step By Step Series: How to Open a Backdoor Roth IRA Even If You Earn Too Much | Episode 19

    If you earn too much to contribute directly to a Roth IRA, the wealthy found a completely legal way around that. It is called the backdoor Roth IRA. And today Stephanie Dorsey walks you through every single step. This is Episode 19 of What the Wealthy Do, part of the How Does This Actually Work series breaking down the exact mechanics of wealth building strategies so you can actually execute them. A backdoor Roth IRA works because Congress removed the income limits on Roth conversions in 2010 while keeping the limits on direct contributions. That created a loophole: contribute to a traditional IRA, immediately convert it to a Roth IRA, and pay zero taxes if you do it right. The IRS knows about it. It is completely legal. This episode covers every step from opening your accounts to contributing, converting within one to two days, investing the cash in your Roth, and filing Form 8606 with your taxes. Stephanie also breaks down the pro rata rule, the number one thing that trips people up, and exactly how to deal with old traditional IRA money before you do your first backdoor conversion. Join the next Sovereign Collective cohort: joinsovereign.co Browse all What the Wealthy Do episodes: https://docs.google.com/spreadsheets/d/1TaUUVivqfjSckA1oyhbjNRlbY_m0DMPLWbfH-eoHnDY/edit?usp=sharing BACKDOOR ROTH IRA QUICK START CHECKLIST Step 1: Open accounts if you do not have them- Open a traditional IRA- Open a Roth IRA- Use the same brokerage (Fidelity, Vanguard, or Schwab) Step 2: Clear out any existing traditional IRAs- Roll old traditional IRAs into your 401k to avoid the pro-rata rule Step 3: Contribute to your traditional IRA- Transfer $7,000 (or $8,000 if 50 or older) to your traditional IRA- Keep it in cash, do not invest it yet Step 4: Convert to Roth IRA (1 to 2 days later)- Log into your brokerage- Convert the entire traditional IRA balance to your Roth IRA Step 5: Invest your Roth IRA- Buy index funds or target date funds Step 6: File Form 8606 with your taxes- Use tax software or work with a CPA Step 7: Repeat every January This podcast provides financial education and not financial advice.

  8. Jun 3

    Step by Step Series | How to Open, Invest and Use an HSA Like the Wealthy Do | Episode 18

    You have probably heard that you should open an HSA. But has anyone actually walked you through what to do after you open it? That is what today is about. This is Episode 18 of What the Wealthy Do and the first episode of the Logistics Series, breaking down the exact mechanics of how these wealth building strategies actually work in real life. The health savings account is the only account with a triple tax advantage: tax deductible contributions, tax-free growth, and tax-free withdrawals for medical expenses. Most people open one, get the debit card, and spend it on copays. That is the wrong move. Stephanie Dorsey walks through every step: how to check eligibility, employer HSA versus opening your own, how to invest the contributions, and how the wealthy use the HSA as a stealth retirement account worth hundreds of thousands of dollars by paying medical expenses out of pocket, saving every receipt, and reimbursing themselves tax-free decades later. A real example: maxing out your HSA at 40 for 25 years at 7% annual growth gives you $290,000 tax free at 65 from $107,500 in contributions. The HSA Quick Start Checklist is in the show notes below. Join the next Sovereign Collective cohort: joinsovereign.co HSA QUICK START CHECKLISTWeek 1:- Check if you have an HDHP (ask HR or check benefits portal)- If yes, check if your employer offers an HSA- If yes, enroll during next open enrollment- If no, open one with Fidelity Week 2:- Max out contributions ($4,300 individual / $8,550 family)- Set payroll deduction or automatic monthly bank transfer Week 3:- Log into your HSA provider- Move funds to investments (keep $1,000 to $2,000 in cash)- Invest in low-cost index funds Week 4:- Set up a system to track medical expenses- Pay all medical expenses out of pocket- Save every receipt Every Year:- Max out contributions- Rebalance investments- Keep saving receipts- Watch it grow tax-free This podcast provides financial education and not financial advice.

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4.7
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About

What The Wealthy Do – Financial Wisdom for Black Women 💼👑 This 15-minute podcast helps Black women decode the strategies the wealthy use to build and grow wealth—and how you can apply them on your wealth building journey. Because you don’t have to wait until you’re wealthy to do what the wealthy do. Short, powerful, 15-minute episodes drop every Wealthy Wednesday. Launching July 2, 2025.

Information

  • Creator
    What The Wealthy Do
  • Years Active
    2025 - 2026
  • Episodes
    50
  • Rating
    Clean
  • Copyright
    © What The Wealthy Do
  • Show Website
    What The Wealthy Do

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