Your Next Dollar Blueprint: How to Prioritize Your Money for High Earners
6/23/202639 min
Learn how high earners could prioritize their money across seven steps, from income growth to backdoor Roth strategies.
Host Andrew Giancola and NerdWallet Wealth Partners CEO Ryan Sterling walk through the seven-step Your Next Dollar Blueprint — an order of operations high earners could follow to prioritize their savings across accounts, from growing income and building an emergency fund to maxing out an HSA, 401(k), mega backdoor Roth, and more.
Download the Your Next Dollar Blueprint at nerdwalletwealthpartners.com/blueprint
Interested in working with a financial advisor? Visit nerdwalletwealthpartners.com
NerdWallet Wealth Partners LLC (NWWP) is a SEC registered investment adviser. Registration does not imply a certain level of skill or training, nor does it constitute an endorsement by any securities regulator. The content presented by NWWP on its Your Next Dollar podcast is for informational and educational purposes only and is not intended as personalized investment, tax, or legal advice to any person. The views, strategies, examples, and figures discussed are intended to be general in nature, subject to change at any time based upon market or other conditions and may not be suitable for every individual. Any hypothetical illustrations used are for educational purposes only and do not represent a guarantee or prediction of future results. All investments carry risk, including the potential loss of principal, and past performance is not a guarantee of future results. NWWP's investment advisory services are only offered where NWWP and its representatives are registered. Before making any financial decision, seek advice from a qualified investment, tax, or legal professional.
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First 90 secondsAndrew Giancola· Host0:00
So today, we're diving into the Your Next Dollar Blueprint. So if you follow standard advice, you may end up with a bigger tax bill than you ever anticipated, or you may have a sub-optimal plan that leaves money on the table. So we built something specifically for high earners that you can follow step by step. We built these for people in their 30s or 40s who are high earners but are not rich yet. And really quick, as a reminder, we will have the Your Next Dollar Blueprint linked down below in the show notes, or you can go to nerdwalletwealthpartners.com/blueprint and get it there. And today, I'm joined by Ryan Sterling, who is a financial advisor and CEO of NerdWallet Wealth Partners. Ryan, I'm really excited to dive into this episode, because this is one of those episodes that I think could be one that people come back to over and over and over again.
Ryan Sterling· Guest0:52
Absolutely. So excited to be back on, Andrew, and I will say that the first conversation that you and I ever had was actually on this topic. So really excited to get into it today.
Andrew Giancola· Host1:01
So before we dive in, I want people to understand why we created this and some of the reasons why we have this step-by-step guide, because this is something I think a lot of folks need to hear, and a lot of high earners may not have something available to them like this.
Ryan Sterling· Guest1:14
Yeah, and actually, in a way, it's almost there's too much availability, where, you know, you go on social media today and everybody has an opinion, and they typically throw out just one account at a time. So, you know, in my social media feed, for example, I'll see, "You've got to do the mega backdoor