On My Way to Wealth

Luis Rosa, CFP® EA

Luis is the founder of Build a Better Financial Future LLC. He came to the U.S. at age 11 from the Dominican Republic. Growing up in New York City Luis noticed the lack of financial literacy in his community and was inspired by his parents to work hard and pursue an education.

From participating as an FPA NexGen ambassador and host, to speaking at the CFP Board Center for Financial Planning’s Diversity Summit, Luis uses his platform to help spread financial literacy via media outreach as well as encourage younger and diverse planners to join and thrive in the industry. He is the host of the “On My Way to Wealth” podcast, co-founder of the BlatinX (BLX) Internship Program and LatinXcellence – an initiative that seeks to bring awareness to and help close the wealth gap in the LatinX community.

All Episodes

What do you want your tomorrow to look like? There are things you can do today to help set you up for future success. You don’t have to cut out everything that brings you joy today in order to save for tomorrow. Tune in to this episode to learn how you can have your latte and drink it too! Notes: In this episode, Luis talks about the following and more: The magic of compound interest The power of doing small, consistent steps for a long period of time Designing your environment to set you up for success How discipline beats motivation Resources: Schedule Your Complimentary Introductory Meeting with Luis! Download the 3 Fundamental “Money Moves” to Make Before Turning 45 LatinXcellence, more than a brand, it’s a movement! Ed Mylett and James Clear Interview Luis’ LinkedIn Luis’ Twitter Luis’ Instagram On My Way To Wealth YouTube Channel

Dec 1

21 min 12 sec

In this episode, Luis speaks with Ivan Aragon. A native of Chihuahua, Mexico, Ivan moved to Phoenix, Arizona as a child.  He played football at Phoenix Community College where he was selected as Male Student-Athlete of the year his second year. He later transferred to Arizona State University to continue his studies. Following his undergraduate studies he excelled in the mortgage, insurance, and food supply chain industries. A proud DACA recipient, he was admitted to the University of Michigan’s MBA program in 2017. While at Michigan Ross, he was elected to be his Section’s (cohort) President, and to the Michigan Ross MBA council (Student Government) as VP of Finance, among other club leadership roles.   He has an Associate’s in Business from Phoenix Community College, a B.S. in Finance from Arizona State University, and an MBA from the Ross School of Business at the University of Michigan. He also serves on the Board of Directors of the University of Michigan’s Latino Alumni Association and as President of the Ross School of Business Alumni’s Phoenix Chapter.   Ivan is currently a Residential Mortgage Broker based out of Phoenix, AZ. He is licensed in multiple states. He loves helping people attain homeownership and invest in residential real estate. He hosts the Home Loan MBA Podcast where he discusses the home loan process and interviews real estate professionals. In his free time, you can find him cooking a meal for his extended family, playing indoor volleyball, or on the Salsa and Bachata dance floors in Phoenix.   Notes: In this episode, Luis talks about the following and more: Ivan’s background and upbringing The power of resiliency The joys and challenges of entrepreneurship The benefits of having a positive mental attitude Resources: Schedule Your Complimentary Introductory Meeting with Luis! Download the 3 Fundamental “Money Moves” to Make Before Turning 45 LatinXcellence, more than a brand, it’s a movement! Ivan’s Facebook Ivan’s LinkedIn Ivan’s Instagram Latinx MBA Association’s LinkedIn Latinx MBA Association’s Website Latinx MBA Association’s Instagram

Nov 17

41 min 13 sec

The last quarter before the end of the year provides great opportunities to do tax planning for the current and upcoming tax year. It is best to be forward looking when it comes to tax planning. Tune in to learn some strategies that can help you maximize your tax savings opportunities before the end of the year. Notes: In this episode, Luis talks about the following and more: Opportunities during your employer’s open enrollment period Rebalancing your 401K and keeping track of your contributions Roth IRA conversions Things to be on the lookout for specifically for tax year 2021 Resources: Schedule Your Complimentary Introductory Meeting with Luis! Download the 3 Fundamental “Money Moves” to Make Before Turning 45 LatinXcellence, more than a brand, it’s a movement! Luis’ LinkedIn Luis’ Twitter Luis’ Instagram On My Way To Wealth YouTube Channel

Nov 10

17 min 26 sec

Online shopping has become a popular way to make our everyday purchases. This has increased during the pandemic. Buy now, pay later options have also significantly increased as a result. Tune in to learn about point-of-sale loans, and the pros and cons so that you can make an informed decision. Notes: In this episode, Luis talks about the following and more: Buy now pay later Pros and cons of point-of-sale loans Things to be on the lookout for before you apply for one of these loans Alternatives to point of sale loans Resources: Schedule Your Complimentary Introductory Meeting with Luis! Download the 3 Fundamental “Money Moves” to Make Before Turning 45 LatinXcellence, more than a brand, it’s a movement! “Buy Now, pay later” Times Square Investment Journal by Jo Constantz Luis’ LinkedIn Luis’ Twitter Luis’ Instagram On My Way To Wealth YouTube Channel

Nov 3

12 min 41 sec

We are creatures of habit, and those very habits we have can make or break us. When it comes to personal finance matters, you may not even notice the bad money habits you’ve built. Tune in to learn more.  Notes: In this episode, Luis talks about the following and more: Failing to pay yourself first What it means to invest in yourself Contributing to your 401k Lifestyle creep Living beyond your means Resources: Schedule Your Complimentary Introductory Meeting with Luis! Download the 3 Fundamental “Money Moves” to Make Before Turning 45 LatinXcellence, more than a brand, it’s a movement! Luis’ LinkedIn Luis’ Twitter Luis’ Instagram On My Way To Wealth YouTube Channel

Oct 27

19 min 19 sec

For those individuals waiting for the government or their organization to achieve pay parity, Rick Gillis, author of Leveling the Paying Field, offers workers the opportunity to take the issue into their own hands. After more than twenty years of job search support and career advising, Rick has now created the QTNT® (pronounced: Quotient) Personal Value Calculation process to teach workers (as well as their employers!) how to identify and assign value to individual job performance and personal accomplishment in an all-new way. Rick, the creator of this very simple, easy to use, performance metric shares with you how the QTNT truly does level the ‘paying’ field. The result is that not only will equal pay for equal work be realized, but even better, proper pay for outstanding performance becomes the new normal. Leveling the Paying Field is the sum of Rick Gillis’ varied and colorful career in sales, as a manager, author, speaker, award-winning media host, and now, as an indisputable thought leader.   Notes:   In this episode, Luis and Rick talk about the following and more:   How to determine the value of your work and why it’s important The value of tracking your accomplishments and self-promotion What you can do to get a raise or bonus How his method benefits employers and employees   Resources: LatinXcellence, more than a brand, it’s a movement!  Rick Gillis’ Website Rick Gillis’ LinkedIn Luis’ LinkedIn Luis’ Twitter Luis’ Instagram

Oct 20

48 min 56 sec

In this special Hispanic Heritage Month Edition episode, Luis speaks with Lyanne Alfaro. Lyanne tells stories about what’s next in the world of technology, business, and entrepreneurship. With more than a $2.6 trillion GDP, she is especially passionate about exploring the Latino influence in the world of business, which she speaks about via newsletter, podcast and platform; Moneda Moves.   She is an award-winning journalist, having reported in national outlets including CNBC, NBC Latino, Business Insider, Millie Magazine, and worked on audience engagement as well as strategy. By day, she is supervising producer and social media content director at Nasdaq where she tells stories about the future of market technology and business.   Notes:   In this episode, Luis and Lyanne talk about the following and more:   The power of Latinos at large  How the diverse Latinx communities influence the world of money The growing success of Latino businesses  Access to capital in the Latinx community    Resources: LatinXcellence, more than a brand, it’s a movement!  Lyanne Alfaro’s Website Lyanne Alfaro’s IG Moneda Moves Newsletter Moneda Moves IG Moneda Moves on Apple Moneda Moves on Spotify Adelante Nasdaq Conference Registration Link Luis’ LinkedIn Luis’ Twitter Luis’ Instagram

Oct 13

40 min 23 sec

In this special Hispanic Heritage Month Edition episode, Luis speaks with Alejandra Alanis (Ale). Alejandra is a Risk Consulting Manager for RSM US LLP, a public accounting firm focused on the middle market. She grew up in a small town in Eastern, Washington and later went on to attend the University of Washington where she majored in Finance and International Business. She is the proud daughter of two Mexican immigrants who are now self-employed. Her parents’ story has always inspired her, and she is passionate about empowering individuals to pursue their aspirations & excellence. Ale serves as the VP of Membership for the ALPFA LA chapter, a non-profit focused on developing the next generation of Latino leaders, and more recently became part of her firm’s National Steering Committee for HOLA, her firm’s Latino Employee Network Group.   Notes:   In this episode, Luis and Alejandra talk about the following and more: Alejandra’s background and upbringing Factors that contribute to success Leveraging your personal brand The potential of Latinos in business     Resources: LatinXcellence, more than a brand, it’s a movement! Alejandra’s LinkedIn Alejandra’s Instagram Association of Latino Professionals For America (ALPFA) The Compound Effect Book Summary by James Clear Luis’ LinkedIn Luis’ Twitter Luis’ Instagram

Oct 6

47 min 25 sec

In this special Hispanic Heritage Month Edition episode, Luis speaks with Camilo Moreno-Salamanca. Camilo is a proud alumni of the Foster School of Business (Class of 2012). Upon graduating Foster, Camilo joined Boeing in their Business Career Foundation Program, which gave him a view of Boeing's global business across multiple disciplines and experience working with airlines and suppliers in Korea and Japan. After a successful four years at Boeing, Camilo changed career paths and joined Google in a sales role for Google Cloud supporting the Latin America region.    Throughout his Google career, Camilo has held multiple sales roles while also working on business development efforts both in the US and Latin American markets. Camilo’s roles at Google have also enabled him to be a volunteer of the Google for Startups program supporting and working with startup founders.   A native of Bogotá, Colombia, Camilo moved to the United States when he was 11 years old and currently lives in Redmond, WA.   Notes:   In this episode, Luis and Camilo talk about the following and more: Camilo’s background and upbringing The many components of long-term success How Camilo’s Hispanic Heritage shaped his career Camilo’s new book The Compass: A Guide Against Conventional Wisdom and Towards a Rich Life   Resources: LatinXcellence, more than a brand, it’s a movement! Camilo’s Twitter Camilo’s LinkedIn The Compass Ebook Luis’ LinkedIn Luis’ Twitter Luis’ Instagram

Sep 29

50 min 29 sec

In this special Hispanic Heritage Month Edition episode, Luis speaks with Mayra Rocha. Mayra is a Media executive and Emmy-Award-winning journalist. She is a graduate of the University of Virginia’s Darden School of Business. In her 15 years of experience, she has interviewed politicians and leaders of our time for the most respected news program in US Hispanic Television "Aqui y Ahora". She was also Senior Strategy Executive Director for Univision Networks and Fusion Media. Currently, she is the President of Project M Media, a Digital Strategy Corporation which focuses on the management and development of personal finance content.    She is also an advisor to the ScaleUp program at Miami Dade College, where her cross-functional expertise in finance, strategy, operations, and marketing, helps small businesses scale up to the next level. She is a contributing Business Expert for Univision networks and its flagship show, Primer Impacto and Univision Noticias. She produces Café Dato, a personal finance show for Univision. She also reports for Marketplace which airs on NPR, the most prestigious economics show in the US.   Notes: In this episode, Luis and Mayra talk about the following and more: Mayra’s background and upbringing The importance of having great mentors and a support system Creating your own opportunities while pursuing your dreams How Mayra’s Hispanic Heritage shaped her career   Resources: LatinXcellence, more than a brand, it’s a movement! El Dinero Si Importa on Instagram El Dinero Si Importa on Facebook Mayra Rocha TV on Youtube The 43 on Netflix Docuseries Luis’ LinkedIn Luis’ Twitter Luis’ Instagram

Sep 22

52 min 36 sec

In this special Hispanic Heritage Month Edition episode, Luis speaks with Diego A. Verdugo, CFP®, CRPS®. Diego is first-generation immigrant from the Mexican state of Sonora. His family arrived to Arizona in 2001 with the hope of pursuing the American Dream. He is a cancer survivor and has battled a chronic immunodeficiency since birth. In 2012, Diego became the first in his family to graduate from college by earning an undergraduate degree in Economics & Business and Spanish language from Cornell College in Mount Vernon, Iowa. Diego entered the financial services industry by joining Principal in 2012.  In his current role, he provides consultative support to advisors on advanced financial planning concepts and strategies. Diego became a CERTIFIED FINANCIAL PLANNER™ professional in August 2021 and is currently pursuing a Master of Science degree in Personal Financial Planning. Diego serves on multiple non-profit organizations’ boards, including the Junior Achievement of Arizona Phoenix – Metro board and the Association of Latino Professionals for America (ALPFA) board. He is an advocate for financial literacy and devotes much of his time to helping close the financial knowledge and wealth gaps of underrepresented and low-income communities. He is a champion for Diversity, Equity, and Inclusion efforts and has been recognized as an Ambassador for his work in the space. In 2020, Diego was recognized by InvestmentNews as a member of its prestigious 40 under 40 program in recognition of his accomplishments, contributions to the industry, leadership and promise.  Diego lives in Phoenix with his fiancée (who’s pregnant with their second child) and his four-year old daughter. His family has recently ventured in the entrepreneurship space with the launch of several small businesses. Notes: In this episode, Luis and Diego talk about the following and more: Diego’s background and upbringing Diego’s trajectory in pursuing the American Dream How Diego’s Hispanic Heritage has impacted his career and entrepreneurship Diego’s best piece of advice for all Hispanic men and women trying to go after their dream   Resources: LatinXcellence, more than a brand, it’s a movement! The BLX Internship Program Diego’s LinkedIn Diego’s Instagram Luis’ LinkedIn Luis’ Twitter Luis’ Instagram

Sep 15

51 min 48 sec

The F.I.R.E. movement has gotten a lot of attention in recent years. Tune in to learn about this lifestyle and things to consider in order to determine if it is right for you. Notes: In this episode, Luis talks about the following and more: What F.I.R.E is all about Understanding Your Why Variations of the F.I.R.E. Movement Things to Consider, Pros & Cons   Resources: Schedule Your Complimentary Introductory Meeting with Luis! Download the 3 Fundamental “Money Moves” to Make Before Turning 45 LatinXcellence, more than a brand, it’s a movement! Luis’ LinkedIn Luis’ Twitter Luis’ Instagram On My Way To Wealth YouTube Channel

Sep 8

21 min 12 sec

Many believe that wealth is only material. It is important to be at your best from a mental and physical standpoint in order to enjoy and share the wealth that you create. Tune in to listen to some tips that you can do to reduce burnout and increase your health net worth! Luis is the founder of Build a Better Financial Future LLC. He came to the U.S. at age 11 from the Dominican Republic. Growing up in New York City Luis noticed the lack of financial literacy in his community and was inspired by his parents to work hard and pursue an education.  From participating as an FPA NexGen ambassador/host, and being a CFP Board Ambassador, Luis uses his platform to help spread financial literacy via media outreach as well as encourage younger and diverse planners to join and thrive in the profession. He is the host of the “On My Way to Wealth” podcast, co-founder of the BlatinX (BLX) Internship Program and LatinXcellence – an initiative that seeks to bring awareness to and help close the wealth gap in the LatinX community.  Luis was named one of InvestmentNews 40 Under 40 in 2019 and Financial Advisor Magazine’s 10 Young Advisors to Watch, as well as Investopedia Top 100 Financial Advisors in 2020 and 2021.  Notes: In this episode, Luis talks about the following and more: The traditional definition of wealth Things you can do to reduce stress and increase health Why being healthy is important to improving your personal finances Taking inventory of your health net worth statement   Resources: Schedule Your Complimentary Consultation with Luis! Download the 3 Fundamental “Money Moves” to Make Before Turning 45 LatinXcellence, more than a brand, it’s a movement! Napoleon Hill Foundation – Think and Grow Rich The Secret James Clear’s Summary of The Richest Man in Babylon Guided Meditation Luis’ LinkedIn Luis’ Twitter Luis’ Instagram On My Way To Wealth YouTube Channel

Sep 1

15 min 4 sec

Money is one of the main reasons why couples argue. The good news is that there are ways for a saver and a spender to make it work. Tune in to learn some easy to implement tips to find common ground and build a better financial future.  Luis is the founder of Build a Better Financial Future LLC. He came to the U.S. at age 11 from the Dominican Republic. Growing up in New York City Luis noticed the lack of financial literacy in his community and was inspired by his parents to work hard and pursue an education.  From participating as an FPA NexGen ambassador/host, and being a CFP Board Ambassador, Luis uses his platform to help spread financial literacy via media outreach as well as encourage younger and diverse planners to join and thrive in the profession. He is the host of the “On My Way to Wealth” podcast, co-founder of the BlatinX (BLX) Internship Program and LatinXcellence – an initiative that seeks to bring awareness to and help close the wealth gap in the LatinX community.  Luis was named one of InvestmentNews 40 Under 40 in 2019 and Financial Advisor Magazine’s 10 Young Advisors to Watch, as well as Investopedia Top 100 Financial Advisors in 2020 and 2021.  Notes: In this episode, Luis talks about the following and more: Having an open conversation with your partner. Why money means different things to different people. Having monthly money dates. Tips to find middle ground and make it work.   Resources: Schedule Your Complimentary Consultation with Luis! Download the 3 Fundamental “Money Moves” to Make Before Turning 45 LatinXcellence, more than a brand, it’s a movement! Luis’ LinkedIn Luis’ Twitter Luis’ Instagram On My Way To Wealth YouTube Channel

Aug 25

18 min 15 sec

The cost of health insurance and out of pocket expenses is a great factor when it comes to retirement planning. Tune in to learn how you can use a Health Savings Account to plan for these costs, and also use it to help boost your retirement.  Luis is the founder of Build a Better Financial Future LLC. He came to the U.S. at age 11 from the Dominican Republic. Growing up in New York City Luis noticed the lack of financial literacy in his community and was inspired by his parents to work hard and pursue an education.  From participating as an FPA NexGen ambassador/host, and being a CFP Board Ambassador, Luis uses his platform to help spread financial literacy via media outreach as well as encourage younger and diverse planners to join and thrive in the profession. He is the host of the “On My Way to Wealth” podcast, co-founder of the BlatinX (BLX) Internship Program and LatinXcellence – an initiative that seeks to bring awareness to and help close the wealth gap in the LatinX community.  Luis was named one of InvestmentNews 40 Under 40 in 2019 and Financial Advisor Magazine’s 10 Young Advisors to Watch, as well as Investopedia Top 100 Financial Advisors in 2020 and 2021.  Notes: In this episode, Luis talks about the following and more: What a Health Savings Account is. Who Qualifies for an HSA. Contribution Limits to HSAs. The Tax Advantages of HSAs.   Resources: Schedule Your Complimentary Consultation with Luis! Download the 3 Fundamental “Money Moves” to Make Before Turning 45 LatinXcellence, more than a brand, it’s a movement! Luis’ LinkedIn Luis’ Twitter Luis’ Instagram On My Way To Wealth YouTube Channel

Aug 18

16 min 8 sec

The cost of education continues to rise. Imagine being able to give your kids the gift of a student loan free education. Tune in to learn more about ways to save for your kids’ education while using the tax code in your favor. Luis is the founder of Build a Better Financial Future LLC. He came to the U.S. at age 11 from the Dominican Republic. Growing up in New York City Luis noticed the lack of financial literacy in his community and was inspired by his parents to work hard and pursue an education.  From participating as an FPA NexGen ambassador/host, and being a CFP Board Ambassador, Luis uses his platform to help spread financial literacy via media outreach as well as encourage younger and diverse planners to join and thrive in the profession. He is the host of the “On My Way to Wealth” podcast, co-founder of the BlatinX (BLX) Internship Program and LatinXcellence – an initiative that seeks to bring awareness to and help close the wealth gap in the LatinX community.  Luis was named one of InvestmentNews 40 Under 40 in 2019 and Financial Advisor Magazine’s 10 Young Advisors to Watch, as well as Investopedia Top 100 Financial Advisors in 2020 and 2021.  Notes: In this episode, Luis talks about the following and more: What a 529 Plan is. The Federal & State Tax Benefits of 529 Plans. How the Money in the 529 Plan is Invested. What Happens if the 529 Plan Funds Are Not Used for Qualified Expenses.   Resources: Schedule Your Complimentary Consultation with Luis! Download the 3 Fundamental “Money Moves” to Make Before Turning 45 LatinXcellence, more than a brand, it’s a movement! Luis’ LinkedIn Luis’ Twitter Luis’ Instagram On My Way To Wealth YouTube Channel SavingForCollege.com

Aug 11

17 min 15 sec

Solar panels have become increasingly popular. Are they a worth investment? In this episode, Luis talks about the things that you should consider before acquiring a solar electric system for your home, in order to help you make an informed decision. Luis is the founder of Build a Better Financial Future LLC. He came to the U.S. at age 11 from the Dominican Republic. Growing up in New York City Luis noticed the lack of financial literacy in his community and was inspired by his parents to work hard and pursue an education.  From participating as an FPA NexGen ambassador/host, and being a CFP Board Ambassador, Luis uses his platform to help spread financial literacy via media outreach as well as encourage younger and diverse planners to join and thrive in the profession. He is the host of the “On My Way to Wealth” podcast, co-founder of the BlatinX (BLX) Internship Program and LatinXcellence – an initiative that seeks to bring awareness to and help close the wealth gap in the LatinX community.  Luis was named one of InvestmentNews 40 Under 40 in 2019 and Financial Advisor Magazine’s 10 Young Advisors to Watch, as well as Investopedia Top 100 Financial Advisors in 2020 and 2021.  Notes: In this episode, Luis talks about the following and more: Buying the solar system outright vs. financing it. Leases and Solar Purchase Power Agreements (PPAs). Solar tax credits. Key contract terms and questions to ask.   Resources: Schedule Your Complimentary Consultation with Luis! Download the 3 Fundamental “Money Moves” to Make Before Turning 45 LatinXcellence, more than a brand, it’s a movement! Luis’ LinkedIn Luis’ Twitter Luis’ Instagram On My Way To Wealth YouTube Channel Homeowner’s Guide to the Federal Tax Credit for Solar Photovoltaics Residential Energy Credits IRS Form 5695

Jul 28

28 min 55 sec

In this episode, Luis talks about the reasons why it’s not too early for Millennials to work with a financial planner. Even if you don’t consider yourself “wealthy”, a financial planner can help you get started and help you navigate your options on your way to wealth! Luis is the founder of Build a Better Financial Future LLC. He came to the U.S. at age 11 from the Dominican Republic. Growing up in New York City Luis noticed the lack of financial literacy in his community and was inspired by his parents to work hard and pursue an education.  From participating as an FPA NexGen ambassador/host, and being a CFP Board Ambassador, Luis uses his platform to help spread financial literacy via media outreach as well as encourage younger and diverse planners to join and thrive in the profession. He is the host of the “On My Way to Wealth” podcast, co-founder of the BlatinX (BLX) Internship Program and LatinXcellence – an initiative that seeks to bring awareness to and help close the wealth gap in the LatinX community.  Luis was named one of InvestmentNews 40 Under 40 in 2019 and Financial Advisor Magazine’s 10 Young Advisors to Watch, as well as Investopedia Top 100 Financial Advisors in 2020 and 2021.  Notes: In this episode, Luis talks about the following and more: Understanding your employer’s benefits. Creating your emergency fund. Managing student and consumer debt. Investing wisely. Homebuying.   Resources: Schedule Your Complimentary Consultation with Luis! Download the 3 Fundamental “Money Moves” to Make Before Turning 45 LatinXcellence, more than a brand, it’s a movement! Luis’ LinkedIn Luis’ Twitter Luis’ Instagram On My Way To Wealth YouTube Channel Millennials: 5 Reasons To Work With a Financial Planner Before Turning 30 LetsMakeaPlan.org National Association of Personal Financial Advisors XY Planning Network

Jul 21

15 min 23 sec

In this episode, Luis speaks with Diana Gisel Yáñez, CFP®. Diana is the founder of All the Colors, a financial empowerment firm dedicated to helping clients create peace and joy with their money, so they can affect their community and the world. As a money coach, meditator, and activist Diana brings a unique approach to money questions. Sign up for her bimonthly newsletter for inspirational posts on money and community, and to hear about upcoming workshops.   Notes: In this episode, Luis and Diana speak about the following and more: Diana shares her Mexican background & upbringing, and how it impacted her money story. Creating your own definition of wealth based on your values. The power of saying “no”. Finding your “why” and letting it guide your decisions.   Resources:   Download the 3 Fundamental “Money Moves” to Make Before Turning 45 LatinXcellence, more than a brand, it’s a movement! All the Colors Website Diana’s Instagram Scarcity: Why Having Too Little Means So Much The Seven Stages of Money Maturity Luis’ LinkedIn Luis’ Twitter Luis’ Instagram

Jul 14

43 min 53 sec

In this episode, Luis talks about the things you should consider before you buy a home in a hot real estate market. Luis is the founder of Build a Better Financial Future LLC. He came to the U.S. at age 11 from the Dominican Republic. Growing up in New York City Luis noticed the lack of financial literacy in his community and was inspired by his parents to work hard and pursue an education.  From participating as an FPA NexGen ambassador/host, and being a CFP Board Ambassador, Luis uses his platform to help spread financial literacy via media outreach as well as encourage younger and diverse planners to join and thrive in the profession. He is the host of the “On My Way to Wealth” podcast, co-founder of the BlatinX (BLX) Internship Program and LatinXcellence – an initiative that seeks to bring awareness to and help close the wealth gap in the LatinX community.  Luis was named one of InvestmentNews 40 Under 40 in 2019 and Financial Advisor Magazine’s 10 Young Advisors to Watch, as well as Investopedia Top 100 Financial Advisors in 2020.  Notes: In this episode, Luis talks about the following and more: Supply & demand in the real estate market. What your options are when the home appraises lower than the listing price. What happens when the seller wants more than the listing price. How to determine the true cost of paying more than the appraised value.   Resources: Schedule Your Complimentary Consultation with Luis! Download the 3 Fundamental “Money Moves” to Make Before Turning 45 LatinXcellence, more than a brand, it’s a movement! Luis’ LinkedIn Luis’ Twitter Luis’ Instagram

Jun 30

21 min 20 sec

In this episode, Luis talks about how the Federal Reserve’s actions affect the economy, the stock market, and your finances. Luis is the founder of Build a Better Financial Future LLC. He came to the U.S. at age 11 from the Dominican Republic. Growing up in New York City Luis noticed the lack of financial literacy in his community and was inspired by his parents to work hard and pursue an education.  From participating as an FPA NexGen ambassador/host, and being a CFP Board Ambassador, Luis uses his platform to help spread financial literacy via media outreach as well as encourage younger and diverse planners to join and thrive in the profession. He is the host of the “On My Way to Wealth” podcast, co-founder of the BlatinX (BLX) Internship Program and LatinXcellence – an initiative that seeks to bring awareness to and help close the wealth gap in the LatinX community.  Luis was named one of InvestmentNews 40 Under 40 in 2019 and Financial Advisor Magazine’s 10 Young Advisors to Watch, as well as Investopedia Top 100 Financial Advisors in 2020.  Notes: In this episode, Luis talks about the following and more: The purpose of the Federal Reserve System. How inflation affects the economy, the stock market, and your finances. What the federal funds rate is and how it impacts you as a consumer.   Resources: Schedule Your Complimentary Consultation with Luis! Download the 3 Fundamental “Money Moves” to Make Before Turning 45 LatinXcellence, more than a brand, it’s a movement! Luis’ LinkedIn Luis’ Twitter Luis’ Instagram

Jun 23

16 min 59 sec

In this episode, Luis talks about how to turn the cost savings of working from home into action steps to help you decrease debt, increase your assets, and get a better quality of life. Luis is the founder of Build a Better Financial Future LLC. He came to the U.S. at age 11 from the Dominican Republic. Growing up in New York City Luis noticed the lack of financial literacy in his community and was inspired by his parents to work hard and pursue an education.  From participating as an FPA NexGen ambassador/host, and being a CFP Board Ambassador, Luis uses his platform to help spread financial literacy via media outreach as well as encourage younger and diverse planners to join and thrive in the profession. He is the host of the “On My Way to Wealth” podcast, co-founder of the BlatinX (BLX) Internship Program and LatinXcellence – an initiative that seeks to bring awareness to and help close the wealth gap in the LatinX community.  Luis was named one of InvestmentNews 40 Under 40 in 2019 and Financial Advisor Magazine’s 10 Young Advisors to Watch, as well as Investopedia Top 100 Financial Advisors in 2020.  Notes: In this episode, Luis talks about the following and more: Cost savings opportunities by working from home. How to combine cost savings with added income to super boost your finances. Other raises you can give yourself to better your health and quality of life.   Resources: Download the 3 Fundamental “Money Moves” to Make Before Turning 45 LatinXcellence, more than a brand, it’s a movement! Luis’ LinkedIn Luis’ Twitter

Jun 16

18 min 3 sec

In this episode, Luis talks about how important it is to have the right mix of credit in order to help boost your credit score. Luis is the founder of Build a Better Financial Future LLC. He came to the U.S. at age 11 from the Dominican Republic. Growing up in New York City Luis noticed the lack of financial literacy in his community and was inspired by his parents to work hard and pursue an education.  From participating as an FPA NexGen ambassador/host, and being a CFP Board Ambassador, Luis uses his platform to help spread financial literacy via media outreach as well as encourage younger and diverse planners to join and thrive in the profession. He is the host of the “On My Way to Wealth” podcast, co-founder of the BlatinX (BLX) Internship Program and LatinXcellence – an initiative that seeks to bring awareness to and help close the wealth gap in the LatinX community.  Luis was named one of InvestmentNews 40 Under 40 in 2019 and Financial Advisor Magazine’s 10 Young Advisors to Watch, as well as Investopedia Top 100 Financial Advisors in 2020.  Notes: In this episode, Luis talks about the following and more: The importance of having a diversified credit mix. The multiple factors that affect your credit score. The difference between installment and revolving credit. Types of credit to avoid.   Resources: Download the 3 Fundamental “Money Moves” to Make Before Turning 45 LatinXcellence, more than a brand, it’s a movement! Luis’ LinkedIn Luis’ Twitter AnnualCreditReport.com

Jun 9

17 min 2 sec

In this episode, Luis talks about how having income from a rental property affects your taxes. Luis is the founder of Build a Better Financial Future LLC. He came to the U.S. at age 11 from the Dominican Republic. Growing up in New York City Luis noticed the lack of financial literacy in his community and was inspired by his parents to work hard and pursue an education.  From participating as an FPA NexGen ambassador/host, and being a CFP Board Ambassador, Luis uses his platform to help spread financial literacy via media outreach as well as encourage younger and diverse planners to join and thrive in the profession. He is the host of the “On My Way to Wealth” podcast, co-founder of the BlatinX (BLX) Internship Program and LatinXcellence – an initiative that seeks to bring awareness to and help close the wealth gap in the LatinX community.  Luis was named one of InvestmentNews 40 Under 40 in 2019 and Financial Advisor Magazine’s 10 Young Advisors to Watch, as well as Investopedia Top 100 Financial Advisors in 2020.  Notes: In this episode, Luis talks about the following and more: What IRS form needs to be filed with your taxes when you have rental income. Common deductions on rental properties. How depreciation works. Repairs vs. improvements and how they are deducted on your taxes.   Resources: Download the 3 Fundamental “Money Moves” to Make Before Turning 45 LatinXcellence, more than a brand, it’s a movement! Luis’ LinkedIn Luis’ Twitter

Jun 2

21 min 27 sec

In this episode, Luis talks about the importance of determining and understanding your risk tolerance before you invest your money. Luis is the founder of Build a Better Financial Future LLC. He came to the U.S. at age 11 from the Dominican Republic. Growing up in New York City Luis noticed the lack of financial literacy in his community and was inspired by his parents to work hard and pursue an education.  From participating as an FPA NexGen ambassador/host, and being a CFP Board Ambassador, Luis uses his platform to help spread financial literacy via media outreach as well as encourage younger and diverse planners to join and thrive in the profession. He is the host of the “On My Way to Wealth” podcast, co-founder of the BlatinX (BLX) Internship Program and LatinXcellence – an initiative that seeks to bring awareness to and help close the wealth gap in the LatinX community.  Luis was named one of InvestmentNews 40 Under 40 in 2019 and Financial Advisor Magazine’s 10 Young Advisors to Watch, as well as Investopedia Top 100 Financial Advisors in 2020.  Notes: In this episode, Luis talks about the following and more: What risk tolerance is. Factors to consider when determining your risk tolerance. Specific situations where you wouldn’t necessarily invest based on your risk tolerance. Why you may not be as comfortable with risk as you think you might be.   Resources: Download the 3 Fundamental “Money Moves” to Make Before Turning 45 LatinXcellence, more than a brand, it’s a movement! Luis’ LinkedIn Luis’ Twitter Let’s Make a Plan.org Vanguard Risk Profile Questionnaire

May 26

19 min 30 sec

In this episode, Luis talks about the expanded child tax credit for 2021 and how to know if you qualify. Luis is the founder of Build a Better Financial Future LLC. He came to the U.S. at age 11 from the Dominican Republic. Growing up in New York City Luis noticed the lack of financial literacy in his community and was inspired by his parents to work hard and pursue an education.  From participating as an FPA NexGen ambassador/host, and being a CFP Board Ambassador, Luis uses his platform to help spread financial literacy via media outreach as well as encourage younger and diverse planners to join and thrive in the profession. He is the host of the “On My Way to Wealth” podcast, co-founder of the BlatinX (BLX) Internship Program and LatinXcellence – an initiative that seeks to bring awareness to and help close the wealth gap in the LatinX community.  Luis was named one of InvestmentNews 40 Under 40 in 2019 and Financial Advisor Magazine’s 10 Young Advisors to Watch, as well as Investopedia Top 100 Financial Advisors in 2020.  Notes: In this episode, Luis talks about the following and more: What is the enhanced child tax credit? Who qualifies for the child tax credit? How do I claim the child tax credit? Why you may want to opt out of receiving the credit.   Resources: Download the 3 Fundamental “Money Moves” to Make Before Turning 45 LatinXcellence, more than a brand, it’s a movement! Luis’ LinkedIn Luis’ Twitter Let’s Make a Plan.org Kiplinger’s 2021 Child Tax Credit Calculator

May 19

21 min 2 sec

In this episode, Luis talks about things to be aware of before you decide to move to a lower income tax state. Luis is the founder of Build a Better Financial Future LLC. He came to the U.S. at age 11 from the Dominican Republic. Growing up in New York City Luis noticed the lack of financial literacy in his community and was inspired by his parents to work hard and pursue an education.  From participating as an FPA NexGen ambassador/host, and being a CFP Board Ambassador, Luis uses his platform to help spread financial literacy via media outreach as well as encourage younger and diverse planners to join and thrive in the profession. He is the host of the “On My Way to Wealth” podcast, co-founder of the BlatinX (BLX) Internship Program and LatinXcellence – an initiative that seeks to bring awareness to and help close the wealth gap in the LatinX community.  Luis was named one of InvestmentNews 40 Under 40 in 2019 and Financial Advisor Magazine’s 10 Young Advisors to Watch, as well as Investopedia Top 100 Financial Advisors in 2020.  Notes: In this episode, Luis talks about the following and more: Factors aside from income taxes that you should consider before you move. The “convenience rule” and how you may end up paying taxes on a state that you do not live in or work in. The “183-day rule”. Are moving costs tax deductible?   Resources: Download the 3 Fundamental “Money Moves” to Make Before Turning 45 LatinXcellence, more than a brand, it’s a movement! Luis’ LinkedIn Luis’ Twitter Let’s Make a Plan.org

May 5

17 min 33 sec

In this episode, Luis talks about how health insurance plans work, and some key things to consider before you decide which option is best for you. Luis is the founder of Build a Better Financial Future LLC. He came to the U.S. at age 11 from the Dominican Republic. Growing up in New York City Luis noticed the lack of financial literacy in his community and was inspired by his parents to work hard and pursue an education.  From participating as an FPA NexGen ambassador/host, and being a CFP Board Ambassador, Luis uses his platform to help spread financial literacy via media outreach as well as encourage younger and diverse planners to join and thrive in the profession. He is the host of the “On My Way to Wealth” podcast, co-founder of the BlatinX (BLX) Internship Program and LatinXcellence – an initiative that seeks to bring awareness to and help close the wealth gap in the LatinX community.  Luis was named one of InvestmentNews 40 Under 40 in 2019 and Financial Advisor Magazine’s 10 Young Advisors to Watch, as well as Investopedia Top 100 Financial Advisors in 2020.  Notes: In this episode, Luis talks about the following and more: The difference between an HMO and a PPO. Important key words you should know in order to understand your health insurance policy. Why the price of the premium of your policy should not be the only factor you consider. Tax savings opportunities that you can take advantage of when choosing health insurance options.   Resources: Download the 3 Fundamental “Money Moves” to Make Before Turning 45 LatinXcellence, more than a brand, it’s a movement! Luis’ LinkedIn Luis’ Twitter Let’s Make a Plan.org

Apr 28

19 min 44 sec

In this episode, Luis speaks with Shehara L. Wooten, CFP®. Shehara is a CERTIFIED FINANCIAL PLANNER™ professional and is the founder of Your Story Financial, LLC, a virtual fiduciary boutique firm committed to helping women and #STEM professionals.  Shehara is also the author of In the Meantime: Own Your Financial Narrative. In the book, Shehara explores the intersection of the racial wealth gap and the inspiring stories of those who have overcome it despite economic injustice. In addition, the book highlights the power of community, thus dispelling the myth that one must pull herself up by her own bootstraps. Luis is the founder of Build a Better Financial Future LLC. He came to the U.S. at age 11 from the Dominican Republic. Growing up in New York City Luis noticed the lack of financial literacy in his community and was inspired by his parents to work hard and pursue an education.  From participating as an FPA NexGen ambassador/host, and being a CFP Board Ambassador, Luis uses his platform to help spread financial literacy via media outreach as well as encourage younger and diverse planners to join and thrive in the profession. He is the host of the “On My Way to Wealth” podcast, co-founder of the BlatinX (BLX) Internship Program and LatinXcellence – an initiative that seeks to bring awareness to and help close the wealth gap in the LatinX community.  Luis was named one of InvestmentNews 40 Under 40 in 2019 and Financial Advisor Magazine’s 10 Young Advisors to Watch, as well as Investopedia Top 100 Financial Advisors in 2020.  Notes: In this episode, Luis and Shehara talk about the following and more: The racial wealth gap. Black Wall Street. Crafting your own financial narrative. The power of community as it relates to your financial success.   Resources: Download the 3 Fundamental “Money Moves” to Make Before Turning 45 LatinXcellence, more than a brand, it’s a movement! The Book – In the Meantime: Own Your Financial Narrative Your Story Financial, LLC Shehara’s Instagram Shehara’s Facebook Shehara’s LinkedIn Luis’ LinkedIn Luis’ Twitter Let’s Make a Plan.org XY Planning Network

Apr 21

44 min 49 sec

In this episode, Luis talks about the financial lessons learned from the pandemic and how we can use those lessons to build a better financial future. Luis is the founder of Build a Better Financial Future LLC. He came to the U.S. at age 11 from the Dominican Republic. Growing up in New York City Luis noticed the lack of financial literacy in his community and was inspired by his parents to work hard and pursue an education.  From participating as an FPA NexGen ambassador/host, and being a CFP Board Ambassador, Luis uses his platform to help spread financial literacy via media outreach as well as encourage younger and diverse planners to join and thrive in the profession. He is the host of the “On My Way to Wealth” podcast, co-founder of the BlatinX (BLX) Internship Program and LatinXcellence – an initiative that seeks to bring awareness to and help close the wealth gap in the LatinX community.  Luis was named one of InvestmentNews 40 Under 40 in 2019 and Financial Advisor Magazine’s 10 Young Advisors to Watch, as well as Investopedia Top 100 Financial Advisors in 2020.  Notes: In this episode, Luis talks about the following and more: Financial lessons learned from the pandemic. The importance of having an emergency savings fund. Upcoming deadlines to take advantage of. Modifying our behavior and creating a financial plan for the future.   Resources: Download the 3 Fundamental “Money Moves” to Make Before Turning 45 LatinXcellence, more than a brand, it’s a movement! Build a Better Financial Future Luis’ LinkedIn Luis’ Twitter

Apr 14

17 min 19 sec

In this episode, Luis talks about the pros and cons of filing a joint or a separate return when you are married. Luis is the founder of Build a Better Financial Future LLC. He came to the U.S. at age 11 from the Dominican Republic. Growing up in New York City Luis noticed the lack of financial literacy in his community and was inspired by his parents to work hard and pursue an education.  From participating as an FPA NexGen ambassador/host, and being a CFP Board Ambassador, Luis uses his platform to help spread financial literacy via media outreach as well as encourage younger and diverse planners to join and thrive in the profession. He is the host of the “On My Way to Wealth” podcast, co-founder of the BlatinX (BLX) Internship Program and LatinXcellence – an initiative that seeks to bring awareness to and help close the wealth gap in the LatinX community.  Luis was named one of InvestmentNews 40 Under 40 in 2019 and Financial Advisor Magazine’s 10 Young Advisors to Watch, as well as Investopedia Top 100 Financial Advisors in 2020.  In this episode, Luis talks about the following and more: Notes: When you are considered married before the IRS. Scenarios where it makes sense to file separately. The benefits that you lose by filing separately. Why tax year 2020 is different because of the American Rescue Plan Act of 2021   Resources: Download the 3 Fundamental “Money Moves” to Make Before Turning 45 LatinXcellence, more than a brand, it’s a movement! Build a Better Financial Future Luis’ LinkedIn Luis’ Twitter

Apr 7

15 min 30 sec

In this episode, Luis talks about the lessons to learn from failure, and how you can embrace it in order to achieve success. Luis is the founder of Build a Better Financial Future LLC. He came to the U.S. at age 11 from the Dominican Republic. Growing up in New York City Luis noticed the lack of financial literacy in his community and was inspired by his parents to work hard and pursue an education.  From participating as an FPA NexGen ambassador/host, and being a CFP Board Ambassador, Luis uses his platform to help spread financial literacy via media outreach as well as encourage younger and diverse planners to join and thrive in the profession. He is the host of the “On My Way to Wealth” podcast, co-founder of the BlatinX (BLX) Internship Program and LatinXcellence – an initiative that seeks to bring awareness to and help close the wealth gap in the LatinX community.  Luis was named one of InvestmentNews 40 Under 40 in 2019 and Financial Advisor Magazine’s 10 Young Advisors to Watch, as well as Investopedia Top 100 Financial Advisors in 2020.  Notes: The importance of taking action, even if it’s in the “wrong direction”. The power of how you react to what happens to you. The opportunity cost and the risk of taking no action at all. Starting small and adjusting course along the way.   Resources: Download the 3 Fundamental “Money Moves” to Make Before Turning 45 LatinXcellence, more than a brand, it’s a movement! Napoleon Hill Foundation Luis’ LinkedIn Luis’ Twitter

Mar 31

25 min 11 sec

In this episode, Luis talks about the things that put women at a disadvantage financially and how women can take charge of their financial future. Luis is the founder of Build a Better Financial Future LLC. He came to the U.S. at age 11 from the Dominican Republic. Growing up in New York City Luis noticed the lack of financial literacy in his community and was inspired by his parents to work hard and pursue an education.  From participating as an FPA NexGen ambassador/host, and being a CFP Board Ambassador, Luis uses his platform to help spread financial literacy via media outreach as well as encourage younger and diverse planners to join and thrive in the profession. He is the host of the “On My Way to Wealth” podcast, co-founder of the BlatinX (BLX) Internship Program and LatinXcellence – an initiative that seeks to bring awareness to and help close the wealth gap in the LatinX community.  Luis was named one of InvestmentNews 40 Under 40 in 2019 and Financial Advisor Magazine’s 10 Young Advisors to Watch, as well as Investopedia Top 100 Financial Advisors in 2020.  Notes: In this episode, Luis discusses the following and more: The gender pay gap, how it affects all women, especially women of color. The many ways women are at a disadvantage financially. COVID-19 and its impact on women and their finances. How women can take charge of their financial future.   Resources: Download the 3 Fundamental “Money Moves” to Make Before Turning 45 LatinXcellence, more than a brand, it’s a movement! Letsmakeaplan.org National Association of Personal Financial Advisors - NAPFA XY Planning Network Pew Research Center – Gender Pay Gap Luis’ LinkedIn Luis’ Twitter

Mar 24

14 min 16 sec

In this episode, Luis talks about the major benefits included in the American Rescue Plan Act of 2021 and how they affect individuals and families. Luis is the founder of Build a Better Financial Future LLC. He came to the U.S. at age 11 from the Dominican Republic. Growing up in New York City Luis noticed the lack of financial literacy in his community and was inspired by his parents to work hard and pursue an education.  From participating as an FPA NexGen ambassador/host, and being a CFP Board Ambassador, Luis uses his platform to help spread financial literacy via media outreach as well as encourage younger and diverse planners to join and thrive in the profession. He is the host of the “On My Way to Wealth” podcast, co-founder of the BlatinX (BLX) Internship Program and LatinXcellence – an initiative that seeks to bring awareness to and help close the wealth gap in the LatinX community.  Luis was named one of InvestmentNews 40 Under 40 in 2019 and Financial Advisor Magazine’s 10 Young Advisors to Watch, as well as Investopedia Top 100 Financial Advisors in 2020. Notes: In this episode, Luis discusses the following and more: Overview of the American Rescue Plan Act of 2021 Who qualifies for direct stimulus payments. Expanded unemployment benefits and waiver of income tax up to a certain amount. The expanded child tax credit, including advance payments later this year. Health insurance income caps on the health exchange/marketplace.   Resources: Download the 3 Fundamental “Money Moves” to Make Before Turning 45 LatinXcellence, more than a brand, it’s a movement! IRS Get My Payment Tool IRS Change of Address Form Kiplinger’s Stimulus Check Calculator Luis’ LinkedIn Luis’ Twitter

Mar 17

17 min 42 sec

In this episode, Luis speaks with Carter Cofield, C.P.A., P.F.S. Carter is a Certified Public Accountant (CPA) who is dedicated to helping entrepreneurs save money on taxes. He's spent years learning the best tax savings strategies so that he can teach them to entrepreneurs and business owners everywhere. He’s also the owner of Cofield’s Concepts which is a financial literacy website teaching people how to make more money, pay less taxes, and be their own boss! Check out his website and podcast for free resources at cofieldsconcepts.com. Luis is the founder of Build a Better Financial Future LLC. He came to the U.S. at age 11 from the Dominican Republic. Growing up in New York City Luis noticed the lack of financial literacy in his community and was inspired by his parents to work hard and pursue an education.  From participating as an FPA NexGen ambassador/host, and being a CFP Board Ambassador, Luis uses his platform to help spread financial literacy via media outreach as well as encourage younger and diverse planners to join and thrive in the profession. He is the host of the “On My Way to Wealth” podcast, co-founder of the BlatinX (BLX) Internship Program and LatinXcellence – an initiative that seeks to bring awareness to and help close the wealth gap in the LatinX community.  Luis was named one of InvestmentNews 40 Under 40 in 2019 and Financial Advisor Magazine’s 10 Young Advisors to Watch, as well as Investopedia Top 100 Financial Advisors in 2020.  Notes: In this episode, Luis and Carter discuss the following and more: Who is considered self-employed. Some of the major mistakes to avoid when running your own business. Retirement saving options for the self-employed. Best strategies for managing your taxes and your cash flow. Charging what you’re worth.   Resources: Download the 3 Fundamental “Money Moves” to Make Before Turning 45 LatinXcellence, more than a brand, it’s a movement! Cofields Concepts Tax Courses Cofield Concepts Website & Podcast Carter’s Instagram Profit First Book by Mike Michalowicz Luis’ LinkedIn Luis’ Twitter

Mar 10

37 min 45 sec

In this episode, Luis talks about the power of saying “no” and how successful people use it as a differentiator. Luis is the founder of Build a Better Financial Future LLC. He came to the U.S. at age 11 from the Dominican Republic. Growing up in New York City Luis noticed the lack of financial literacy in his community and was inspired by his parents to work hard and pursue an education.  From participating as an FPA NexGen ambassador/host, and being a CFP Board Ambassador, Luis uses his platform to help spread financial literacy via media outreach as well as encourage younger and diverse planners to join and thrive in the profession. He is the host of the “On My Way to Wealth” podcast, co-founder of the BlatinX (BLX) Internship Program and LatinXcellence – an initiative that seeks to bring awareness to and help close the wealth gap in the LatinX community.  Luis was named one of InvestmentNews 40 Under 40 in 2019 and Financial Advisor Magazine’s 10 Young Advisors to Watch, as well as Investopedia Top 100 Financial Advisors in 2020.  Notes: In this episode, Luis speaks about the following and more: The power of having your goals constantly in front of you. Using “no” to draw a line in the sand and protect your boundaries. Saying “no” to something means you’re saying “yes” to something else. Using “no” to create balance and freedom in your life. How “no” can give you strength to change course in your life and finances.   Resources: Download the 3 Fundamental “Money Moves” to Make Before Turning 45 LatinXcellence, more than a brand, it’s a movement! Warren Buffett Says All Really Successful People Practice This 1 Simple Habit The Power of No Via Psychology Today Luis’ LinkedIn Luis’ Twitter

Mar 3

21 min 42 sec

In this episode, Luis speaks with Chloe Moore, CFP® & Lauryn Williams, CFP®. Chloe & Lauryn are both financial planners who host a podcast, own their own independent wealth management firms, and are influencers in the financial planning profession.  Luis is the founder of Build a Better Financial Future LLC. He came to the U.S. at age 11 from the Dominican Republic. Growing up in New York City Luis noticed the lack of financial literacy in his community and was inspired by his parents to work hard and pursue an education.  From participating as an FPA NexGen ambassador/host, and being a CFP Board Ambassador, Luis uses his platform to help spread financial literacy via media outreach as well as encourage younger and diverse planners to join and thrive in the profession. He is the host of the “On My Way to Wealth” podcast, co-founder of the BlatinX (BLX) Internship Program and LatinXcellence – an initiative that seeks to bring awareness to and help close the wealth gap in the LatinX community.  Luis was named one of InvestmentNews 40 Under 40 in 2019 and Financial Advisor Magazine’s 10 Young Advisors to Watch, as well as Investopedia Top 100 Financial Advisors in 2020.  Notes: In this episode, Luis, Chloe & Lauryn discuss the following and more: Why your journey can be more important than the destination. Defining success based on your own values and not based on society’s expectations. Getting more comfortable with your money story. Creating balance in your life by respecting your own boundaries. Why building wealth is a marathon and not a sprint. Advice for younger financial advisors.   Resources: Download the 3 Fundamental “Money Moves” to Make Before Turning 45 LatinXcellence, more than a brand, it’s a movement! Chloe Moore – Financial Staples Chloe’s LinkedIn Chloe’s Twitter Lauryn Williams – Worth Winning Lauryn’s LinkedIn Lauryn’s Twitter The Worth Listening Podcast Luis’ LinkedIn Luis’ Twitter

Feb 24

48 min 35 sec

In this episode, Luis talks to Dasarte Yarnway & Emlen-Miles Mattingly. Dasarte & Emlen are both financial planners who host podcasts, own their own independent wealth management firms, and are influencers in the financial planning profession.  Luis is the founder of Build a Better Financial Future LLC. He came to the U.S. at age 11 from the Dominican Republic. Growing up in New York City Luis noticed the lack of financial literacy in his community and was inspired by his parents to work hard and pursue an education.  From participating as an FPA NexGen ambassador/host, and being a CFP Board Ambassador, Luis uses his platform to help spread financial literacy via media outreach as well as encourage younger and diverse planners to join and thrive in the industry. He is the host of the “On My Way to Wealth” podcast, co-founder of the BlatinX (BLX) Internship Program and LatinXcellence – an initiative that seeks to bring awareness to and help close the wealth gap in the LatinX community.  Luis was named one of InvestmentNews 40 Under 40 in 2019 and Financial Advisor Magazine’s 10 Young Advisors to Watch, as well as Investopedia Top 100 Financial Advisors in 2020.  Notes: In this episode, Luis, Dasarte & Emlen discuss the following and more: The importance of having a great support system around you Defining your own success based on your values Paying yourself first in life and in your finances Being intentional with your time and your money Advice for younger financial advisors   Resources: Download the 3 Fundamental “Money Moves” to Make Before Turning 45 LatinXcellence, more than a brand, it’s a movement! Dasarte Yarnway – Berknell Financial Group Dasarte Yarnway – The Young Money Podcast Dasarte Yarnway - Twitter Emlen Miles-Mattingly – Gen Next Wealth Emlen Miles-Mattingly – Minority Money Podcast Emlen Miles-Mattingly - Twitter Altruist - Grow The BLX Internship Program Luis’ LinkedIn Luis’ Twitter

Feb 17

46 min 39 sec

In this episode, Luis talks about the Free Application for Federal Student Aid (FAFSA®) form, why you want to complete it, and how the process works. Luis is the founder of Build a Better Financial Future LLC. He came to the U.S. at age 11 from the Dominican Republic. Growing up in New York City Luis noticed the lack of financial literacy in his community and was inspired by his parents to work hard and pursue an education.  From participating as an FPA NexGen ambassador and host, to speaking at the CFP Board Center for Financial Planning’s Diversity Summit, Luis uses his platform to help spread financial literacy via media outreach as well as encourage younger and diverse planners to join and thrive in the industry. He is the host of the “On My Way to Wealth '' podcast, co-founder of the BlatinX (BLX) Internship Program and LatinXcellence – an initiative that seeks to bring awareness to and help close the wealth gap in the LatinX community.  Luis was named one of InvestmentNews 40 Under 40 in 2019 and Financial Advisor Magazine’s 10 Young Advisors to Watch, as well as Investopedia Top 100 Financial Advisors in 2020.  Notes: In this episode, Luis discusses the following and more: What to do before you fill out the FAFSA® Why you should fill out the FAFSA® even if you don’t think you qualify for aid One big mistake to avoid when applying for student loans What to expect once you’ve completed and submitted the FAFSA® Resources: Download the 3 Fundamental “Money Moves” to Make Before Turning 45 LatinXcellence, more than a brand, it’s a movement! Create an FSA ID Dependent vs. Independent status Federal school code search FAFSA® Deadlines Luis’ Instagram Luis’ Facebook Luis’ LinkedIn Luis’ Twitter On My Way To Wealth YouTube Channel

Feb 10

18 min 3 sec

In this episode, Luis shares four tips for expectant parents to strengthen their finances while waiting for their newest addition. Luis is the founder of Build a Better Financial Future LLC. He came to the U.S. at age 11 from the Dominican Republic. Growing up in New York City Luis noticed the lack of financial literacy in his community and was inspired by his parents to work hard and pursue an education.  From participating as an FPA NexGen ambassador and host, to speaking at the CFP Board Center for Financial Planning’s Diversity Summit, Luis uses his platform to help spread financial literacy via media outreach as well as encourage younger and diverse planners to join and thrive in the industry. He is the host of the “On My Way to Wealth” podcast, co-founder of the BlatinX (BLX) Internship Program and LatinXcellence – an initiative that seeks to bring awareness to and help close the wealth gap in the LatinX community.  Luis was named one of InvestmentNews 40 Under 40 in 2019 and Financial Advisor Magazine’s 10 Young Advisors to Watch, as well as Investopedia Top 100 Financial Advisors in 2020.  Notes: In this episode, Luis discusses the following and more: Developing a pre-baby budget Establishing or strengthening your emergency fund Considering your insurance needs Preparing for the impact on your employment Resources: Download the 3 Fundamental “Money Moves” to Make Before Turning 45 LatinXcellence, more than a brand, it’s a movement! https://www.letsmakeaplan.org/ Luis’ Instagram Luis’ Facebook Luis’ LinkedIn Luis’ Twitter On My Way To Wealth YouTube Channel

Feb 3

13 min 30 sec

In this episode, Luis talks about why making more money won’t necessarily make you happier, and things you can do to increase your happiness on your way to wealth. Luis is the founder of Build a Better Financial Future LLC. He came to the U.S. at age 11 from the Dominican Republic. Growing up in New York City Luis noticed the lack of financial literacy in his community and was inspired by his parents to work hard and pursue an education.  From participating as an FPA NexGen ambassador and host, to speaking at the CFP Board Center for Financial Planning’s Diversity Summit, Luis uses his platform to help spread financial literacy via media outreach as well as encourage younger and diverse planners to join and thrive in the industry. He is the host of the “On My Way to Wealth” podcast, co-founder of the BlatinX (BLX) Internship Program and LatinXcellence – an initiative that seeks to bring awareness to and help close the wealth gap in the LatinX community.  Luis was named one of InvestmentNews 40 Under 40 in 2019 and Financial Advisor Magazine’s 10 Young Advisors to Watch, as well as Investopedia Top 100 Financial Advisors in 2020.  Notes: In this episode, Luis discusses the following and more: Why higher income is not necessarily the road to happiness The three things that happier people buy with their money Reflecting on your goals as they relate to your values Resources: Download the 3 Fundamental “Money Moves” to Make Before Turning 45 LatinXcellence, more than a brand, it’s a movement! How Happier People Spend Their Money by Jeff Haden via Inc  Inc Article by Paul Keegan about the story of Dan Price and Gravity Payments Luis’ Instagram Luis’ Facebook Luis’ LinkedIn Luis’ Twitter On My Way To Wealth YouTube Channel

Jan 27

12 min 56 sec

In this episode, Luis talks about the new IRS W-4 Tax Withholding Form and why you want to make sure you review yours at least once per year. Luis is the founder of Build a Better Financial Future LLC. He came to the U.S. at age 11 from the Dominican Republic. Growing up in New York City Luis noticed the lack of financial literacy in his community and was inspired by his parents to work hard and pursue an education.  From participating as an FPA NexGen ambassador and host, to speaking at the CFP Board Center for Financial Planning’s Diversity Summit, Luis uses his platform to help spread financial literacy via media outreach as well as encourage younger and diverse planners to join and thrive in the industry. He is the host of the “On My Way to Wealth” podcast, co-founder of the BlatinX (BLX) Internship Program and LatinXcellence – an initiative that seeks to bring awareness to and help close the wealth gap in the LatinX community.  Luis was named one of InvestmentNews 40 Under 40 in 2019 and Financial Advisor Magazine’s 10 Young Advisors to Watch, as well as Investopedia Top 100 Financial Advisors in 2020.  Notes: In this episode, Luis discusses the following and more: What the IRS W-4 Tax Form is Used For Why You Want to Review the W-4 Form At Least Once Per Year What the Different Sections of the W-4 Form Are Used For Strategies You Can Use The W-4 Form for in Order to Ensure Proper Tax Withholding Resources: Download the 3 Fundamental “Money Moves” to Make Before Turning 45 LatinXcellence, more than a brand, it’s a movement! How To Fill Out The W-4 Form via Business Insider IRS Tax Withholding Estimator IRS W-4 Tax Form Luis’ Instagram Luis’ Facebook Luis’ LinkedIn Luis’ Twitter On My Way To Wealth YouTube Channel

Jan 20

15 min 6 sec

In this episode, Luis talks about some tax basics in order to understand how taxes work and help you minimize your taxable income. Luis is the founder of Build a Better Financial Future LLC. He came to the U.S. at age 11 from the Dominican Republic. Growing up in New York City Luis noticed the lack of financial literacy in his community and was inspired by his parents to work hard and pursue an education.  From participating as an FPA NexGen ambassador and host, to speaking at the CFP Board Center for Financial Planning’s Diversity Summit, Luis uses his platform to help spread financial literacy via media outreach as well as encourage younger and diverse planners to join and thrive in the industry. He is the host of the “On My Way to Wealth” podcast, co-founder of the BlatinX (BLX) Internship Program and LatinXcellence – an initiative that seeks to bring awareness to and help close the wealth gap in the LatinX community.  Luis was named one of InvestmentNews 40 Under 40 in 2019 and Financial Advisor Magazine’s 10 Young Advisors to Watch, as well as Investopedia Top 100 Financial Advisors in 2020.  Notes: In this episode, Luis discusses the following and more: Understanding the U.S.’ progressive tax system How tax brackets work The difference between a tax deduction and a tax credit Ways to lower your taxable income Resources: Download the 3 Fundamental “Money Moves” to Make Before Turning 45 LatinXcellence, more than a brand, it’s a movement! IRS Tax Tables for Tax Year 2020 Luis’ Instagram Luis’ Facebook Luis’ LinkedIn Luis’ Twitter On My Way To Wealth YouTube Channel

Jan 13

19 min 27 sec

In this episode, Luis talks about how to be intentional with your financial goals for the new year and how to best set yourself up in order to achieve your goals. Luis came to the U.S. at age 11 from the Dominican Republic. Growing up in New York City, he noticed the lack of financial literacy in his community and was inspired by his parents to work hard and pursue an education. He founded Build a Better Financial Future LLC and is the host of the On My Way to Wealth podcast. Luis was named one of Investment News 40 Under 40 in 2019 and Financial Advisor Magazine’s 10 Young Advisors to Watch, as well as Investopedia’s 100 Top Financial Advisors of 2020. From participating as an FPA NexGen Ambassador & Host, to speaking at the CFP Board’s Diversity Summit, Luis uses his platform to help spread financial literacy as well as encourage younger and diverse planners to join and thrive in the industry. Notes: In this episode, Luis discusses the following and more: Why you should not “set it and forget it” when it comes to your goals The opportunity that exists with the new year to set your goals for the rest of the year How to setup your goal “buckets” Using S.M.A.R.T goals to stay on track and increase your chances of achieving your goals Introducing LatinXcellence, more than a brand, it’s a movement!   Resources: Download the 3 Fundamental “Money Moves” to Make Before Turning 45 LatinXcellence, more than a brand, it’s a movement! Luis’ Instagram Luis’ Facebook Luis’ LinkedIn Luis’ Twitter On My Way To Wealth YouTube Channel

Jan 6

25 min 59 sec

In this episode, Luis talks about how to set yourself up for success when setting up your New Year’s Resolutions. Luis came to the U.S. at age 11 from the Dominican Republic. Growing up in New York City, he noticed the lack of financial literacy in his community and was inspired by his parents to work hard and pursue an education. He founded Build a Better Financial Future LLC and is the host of the On My Way to Wealth podcast. Luis was named one of Investment News 40 Under 40 in 2019 and Financial Advisor Magazine’s 10 Young Advisors to Watch, as well as Investopedia’s 100 Top Financial Advisors of 2020. From participating as an FPA NexGen Ambassador & Host, to speaking at the CFP Board’s Diversity Summit, Luis uses his platform to help spread financial literacy as well as encourage younger and diverse planners to join and thrive in the industry. Notes: In this episode, Luis discusses the following and more: How acting small can help you achieve your goals How compound interest can be your friend or your enemy Analyzing previous achievements The magic of time and consistent effort   Resources: Download the 3 Fundamental “Money Moves” to Make Before Turning 45 Luis’ Instagram Luis’ Facebook Luis’ LinkedIn Luis’ Twitter On My Way To Wealth YouTube Channel The Slight Edge by Jeff Olson

Dec 2020

14 min 45 sec

In this episode, Luis introduces the BLX Internship Program. Founded by Chloe Moore, CFP®,  Shawn Tydlaska, CFP®, Emlen Miles-Mattingly, and Luis F. Rosa, CFP® EA, the BLX Internship Program’s goal is to provide opportunities for at least 100 aspiring Black and LatinX financial planners to obtain a paid internship with a fee-only financial planning firm in the summer of 2021. We believe this is the way forward for the future of the financial planning profession. Notes: In this episode, you’ll learn about the following and more: The Inspiration Behind the Idea for the BlatinX Internship Program (BLX) What Interns and Participating Firms Can Expect from the Program How Internship Candidates and Firms Can Apply Our Partnership with the National Association of Personal Financial Advisors (NAPFA) Resources: BLXInternship.org National Association of Personal Financial Advisors (NAPFA) Shawn Tydlaska – Founder of Ballast Point Financial Planning Chloe Moore – Founder of Financial Staples Emlen Miles-Mattingly – Founder of Gen Next Wealth Luis F. Rosa – Founder of Build a Better Financial Future Umbrellas Don’t Make It Rain: Why Studying Hard and Working Hard Isn’t Enough for Black Americans The Hidden Links Between Slavery and Wall Street “I Just Pray God Will Help Me”: Racial, Ethnic Minorities Reel from Higher COVID-19 Death Rates

Dec 2020

28 min 17 sec

In this episode, Luis speaks about the importance of having an emergency savings fund, and the best place to put it. Luis came to the U.S. at age 11 from the Dominican Republic. Growing up in New York City, he noticed the lack of financial literacy in his community and was inspired by his parents to work hard and pursue an education. He founded Build a Better Financial Future LLC and is the host of the On My Way to Wealth podcast. Luis was named one of Investment News 40 Under 40 in 2019 and Financial Advisor Magazine’s 10 Young Advisors to Watch, as well as Investopedia’s 100 Top Financial Advisors of 2020. From participating as an FPA NexGen Ambassador & Host, to speaking at the CFP Board’s Diversity Summit, Luis uses his platform to help spread financial literacy as well as encourage younger and diverse planners to join and thrive in the industry. Notes: In this episode, Luis discusses the following and more: The Importance of Having an Emergency Savings Fund The Two Most Important Things an Emergency Fund Needs to Have Comparing Checking, Savings, Money Market, High Yield Savings and CDs Why You Should Not Put Your Emergency Savings in a Short-Term Bond Fund Money Market Accounts vs. Money Market Funds Resources: Download the 3 Fundamental “Money Moves” to Make Before Turning 45 Luis’ Instagram Luis’ Facebook Luis’ LinkedIn Luis’ Twitter On My Way To Wealth YouTube Channel

Dec 2020

16 min 20 sec

In this episode, Luis speaks about things to consider before the year ends in order to set yourself up for a successful New Year and beyond. Luis came to the U.S. at age 11 from the Dominican Republic. Growing up in New York City, he noticed the lack of financial literacy in his community and was inspired by his parents to work hard and pursue an education. He founded Build a Better Financial Future LLC and is the host of the On My Way to Wealth podcast. Luis was named one of Investment News 40 Under 40 in 2019 and Financial Advisor Magazine’s 10 Young Advisors to Watch, as well as Investopedia’s 100 Top Financial Advisors of 2020. From participating as an FPA NexGen Ambassador & Host, to speaking at the CFP Board’s Diversity Summit, Luis uses his platform to help spread financial literacy as well as encourage younger and diverse planners to join and thrive in the industry. Notes: In this episode, Luis discusses the following and more: The Life Events to Consider in Order to Determine if Changes Need to Be Made Roth IRA Conversion Strategy Rebalancing Your 401K Taking Advantage of Your Employer’s Open Enrollment Tax Loss Harvesting Opportunities to Take Advantage Of Resources: Download the 3 Fundamental “Money Moves” to Make Before Turning 45 AnnualCreditReport.com Luis’ Instagram Luis’ Facebook Luis’ LinkedIn Luis’ Twitter On My Way To Wealth YouTube Channel

Dec 2020

16 min 31 sec

In this episode, Luis speaks with Cady North, CFP®. Cady North is an author, podcast host, speaker, investment advisor and the founder of North Financial Advisors. After 5 years owning her own financial planning business, Cady realized a common theme among many clients and prospects is that we all can name big dreams we have for ourselves, but very few of us are actually living them. We often find ourselves burned out and wondering what’s next. We easily move on to the next thing rather than doing the inner work necessary to match our outer dreams. Knowing there is a limit to the number of people Cady can reach one-on-one, she wanted to write a book exploring ways which people have overcome their adversities to live their biggest dreams.Cady’s experience with money and business started young. Her parents were small business owners, and she learned to balance a business checkbook by the age of 13. Following a traditional corporate career path, Cady spent more than a decade advising high-level executives of Fortune 500 companies while working for industry giants such as Bloomberg and Financial Executives International. Then, she took the leap to start her own business helping women and entrepreneurs plan for their futures and grow wealth. Cady works with private clients virtually throughout the country and co-hosts a weekly podcast called Corporate Hostage, No More! Her work is regularly featured in news outlets such as the Washington Post, Business Insider, and Bustle. She was named as a top financial advisor by Expertise.com in 2020. She holds a B.A. from The University of Texas at Austin and an MBA from Georgetown University. Notes: In this episode, you’ll learn about the following and more: Cady’s book, The Resiliency Effect The Most Common Limiting Beliefs That People Tend to Have What Status Quo Bias is and How It Impacts Us How You Can Begin Focusing On Your Inner Journey and Make It Match Your Outer Journey Resources: Download the 3 Fundamental “Money Moves” to Make Before Turning 45 Cady North’s Website Cady North’s Twitter Cady North’s Instagram Congresional Chorus’ YouTube Chanel Luis’ Instagram Luis’ Facebook Luis’ LinkedIn Luis’ Twitter On My Way To Wealth YouTube Channel

Nov 2020

26 min 8 sec

In this episode, Luis shares tips regarding Holiday shopping and how you can save money, time and reduce some stress. Luis came to the U.S. at age 11 from the Dominican Republic. Growing up in New York City, he noticed the lack of financial literacy in his community and was inspired by his parents to work hard and pursue an education. He founded Build a Better Financial Future LLC and is the host of the On My Way to Wealth podcast. Luis was named one of Investment News 40 Under 40 in 2019 and Financial Advisor Magazine’s 10 Young Advisors to Watch, as well as Investopedia’s 100 Top Financial Advisors of 2020. From participating as an FPA NexGen Ambassador & Host, to speaking at the CFP Board’s Diversity Summit, Luis uses his platform to help spread financial literacy as well as encourage younger and diverse planners to join and thrive in the industry. Notes: In this episode, you’ll learn about the following and more: The negative debt cycle to avoid How to easily save money during the year for your overall gift spending Time and money saving tips while shopping this Holiday season How not to put pressure on yourself to feel like you have to buy gifts and how to work around that Resources: Download the 3 Fundamental “Money Moves” to Make Before Turning 45 PowerPay.Org Luis’ Instagram Luis’ Facebook Luis’ LinkedIn Luis’ Twitter On My Way To Wealth YouTube Channel

Nov 2020

13 min 25 sec