Where High Income Earners Should Save and Invest First

So, you finally have control of your money—what now? Should you save for an emergency fund, invest, or pay off debt first? The order you do these things matters a lot and can make a big difference in how fast you grow your wealth.

In this video, Carl Szasz, President & CEO of Verde Capital Management, shares 12 smart financial steps to help high-income earners save, invest, and reduce taxes in the right order.

📌 Here’s what we cover:
✅ The best place to save your emergency fund (Hint: It’s not your checking account!)
✅ How to maximize your 401(k) and get free money from your employer
✅ Why HSAs, Backdoor Roth IRAs, and taxable accounts are great wealth-building tools
✅ Where real estate and low-interest debt should fit in your plan

🚀 Following this order can help you save more, invest smarter, and keep more of your money!
📌 Want to earn 5% interest on your savings? Open a Flourish account here: https://bit.ly/verdeflourish

Each of these steps builds on the last, and Carl explains important details about why they matter. Make sure to watch every section to fully understand how to apply them to your financial plan!

Timestamps:
00:00 Introduction
00:37 What is a high-income earner?
01:39 — 1. Save for your emergency fund
02:55 — 2. Contribute to your 401(k) up to the match
03:29 — 3. Use your Employee Stock Purchase Plan (ESPP)
04:25 — 4. Pay off high-interest debt
04:59 — 5. Max out your 401(k)
06:05 — 6. Contribute to an HSA
07:12 — 7. Use a Backdoor Roth IRA
08:09 — 8. Use a Backdoor 401(k)
08:56 — 9. Set up a 529 plan or UTMA
09:40 — 10. Invest in taxable accounts
10:39 — 11. Invest in real estate
11:15 — 12. Pay off low-interest debt

ADDITIONAL RESOURCES
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📬 Join our weekly financial coaching newsletter for financial tips, stories, and money strategies: https://bit.ly/getbackcontrol
📊 Curious about how Verde picks stocks? Get an inside look at our investing philosophy: https://bit.ly/verdestocks
👉 Need help with your financial plan? Book a call with our team at Verde—we’re here to help: https://bit.ly/coachingwithverde or visit https://bit.ly/contactverde-yt
🔒 Want to earn more on your savings? Open a free high-yield savings account through Verde’s partner platform: https://bit.ly/VerdeFlourish

About Verde Capital Management:
We help busy families and high-income earners build generational wealth with smart cash flow management strategies, investing strategies, and financial planning and wealth management. Learn how to make money investing in the stock market, maximize investment return, save on taxes, and plan for retirement—all in a simple, easy-to-understand way. Take control of your money and start building wealth today!
https://bit.ly/verde-yt