What The Wealthy Do
What The Wealthy Do is a 15-minute podcast that provides financial wisdom specifically for Black women. It decodes the strategies used by the wealthy to build and grow wealth, offering practical advice for listeners on their own wealth-building journey. New episodes are released every Wealthy Wednesday, starting July 2, 2025.
Episodes
Summer Series: Stock Research Like a Pro: What Wealthy Investors Know (That You Don't)
Stephanie Dorsey reveals the exact framework sophisticated investors use to evaluate stock opportunities. Before you look at numbers, ask yourself two critical questions: Does this company's strategy make sense? Can they win?This episode covers:The two buckets of stock analysis (qualitative before quantitative)Red flags that signal vulnerable companiesHow to find public information and analyze
Summer Series: The Future of Wealth Is in Private Markets (And Women Are Leading It)
Summer Series: The Future of Wealth Is in Private Markets (And Women Are Leading It)The future of generational wealth isn't in the stock market. It's in private markets. And Black women are positioning themselves to lead this trillion-dollar space.Stephanie sits down with Erin Harkless-Moore to talk about where real wealth is being built, how women are gaining access to capital and investm
Summer Series: The Rooms We're Rarely Invited To: A Black Woman in Private Equity (Part 2)
Summer Series: The Rooms We're Rarely Invited To: A Black Woman in Private Equity (Part 2) In Part 1, we went inside the rooms. Now in Part 2, Yashnika goes deeper—revealing who qualifies to invest in alternatives and why your emotional relationship with money matters more than your net worth. You might already qualify. But there's more to it than just the numbers. She digs into money trau
Summer Series: The Rooms We're Rarely Invited To: A Black Woman in Private Equity
She went from criminal law to breaking into private equity at Apollo Global Management. And her story reveals everything about wealth, access, and where the real money moves. In this conversation, Stephanie sits down with a young Black woman building wealth in spaces most of us don't even know exist. She walked away from law school, landed in real estate private equity, and has since built a c
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 spend
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,"
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
$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 abou
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 w
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 tra
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
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 tr
What Are Bonds and Why Does Smart Money Live There Part 3 | What the Wealthy Do Ep 17
This is the episode where everything comes together.This is Episode 17 of What the Wealthy Do, Part 3 and the finale of the Bonds Series. In Part 1 we covered what bonds are and why smart money never ignores them. In Part 2 we broke down how interest rates and the yield curve affect bond prices. Today Stephanie Dorsey builds the actual strategy.How much should you allocate to bonds? The old school
What Are Bonds and Why Does Smart Money Live There Part 2 | What the Wealthy Do Ep. 16
Bonds do not exist in a vacuum. They respond to what is happening in the economy, what the Federal Reserve is doing, and what risks are present in the market. And if you understand those relationships, you can predict how bonds will perform, how stocks will perform, and how to protect your portfolio when things get volatile.This is Episode 16 of What the Wealthy Do, Part 2 of the Bonds Series. Las
What Are Bonds and Why Does Smart Money Live There | What the Wealthy Do Ep. 15
Nobody is making TikToks about bonds. Nobody is talking about treasuries going to the moon. But the bond market is two to three times bigger than the stock market. It is the foundation of the global financial system. And if you do not understand bonds, you really do not understand how money works.This is Episode 15 of What the Wealthy Do and the first episode of the Bonds Series. Today Stephanie D
Why Your 401k Alone Will Not Be Enough to Retire On Part 2 | What the Wealthy Do Ep. 14
Last week was the problem. This week is the solution.This is Episode 14 of What the Wealthy Do, Part 2 of the Retirement Strategy Series. In Part 1 we covered why relying solely on your 401k is risky, how the retirement tax trap works, and what required minimum distributions will do to your money at 73 if you have not planned for them. Today Stephanie Dorsey builds the actual blueprint.The framewo
Why Your 401k Alone Will Not Be Enough to Retire On | What the Wealthy Do Ep. 13
Most of us think we know what retirement is going to look like. But here is the truth that nobody really says out loud. For most people, a 401k alone will not be enough to fund the retirement they actually envision for themselves.This is Episode 13 of What the Wealthy Do, Part 1 of a two-part series on retirement strategy. If you are between 38 and 55, this episode is for you.Stephanie Dorsey, CEO
The Exact Questions the Wealthy Ask Before Trusting Anyone With Their Money | Ep. 12
There are people out here with fancy websites, impressive titles, and slick pitch decks who have no business managing anybody's money. This episode is your protection against all of them.This is Episode 12 of What the Wealthy Do and the finale of the Due Diligence Series. Over the past three episodes we broke down how to evaluate stocks and how to assess private equity and venture capital deals. N
Beyond Stocks: How to Evaluate Private Equity & Venture Capital Deals | Due Diligence Series Ep. 11
The stock market is just the beginning. The truly wealthy, the ones building generational, life-changing wealth are doing it through private equity and venture capital. And in this episode, Stephanie Dorsey is giving you the exact playbook.This is Episode 11 of What the Wealthy Do, and it's part three of our Due Diligence Series. In Episodes 9 and 10, we broke down how to evaluate public stock
How to Analyze Stocks Like a Wealthy Investor Part2 | Due Diligence Series
Most people give up on analyzing stocks because they try to learn 20 metrics at once. The wealthy don't do that. They focus on the numbers that actually matter — and that's exactly what this episode is about.This is Part 2 of our Stock Due Diligence Series. In Part 1, we covered how to think qualitatively about a company — does the strategy make sense and can they win? Now, in Part 2, Step
How to Analyze Stocks Like a Wealthy Investor Part1 | Due Diligence Series
Are you buying stocks based on your cousin's advice or a finance bro on TikTok? Let's fix that.In this episode of What the Wealthy Do, Stephanie Dorsey — CEO & Co-founder of Margins Capital — breaks down the exact due diligence framework she uses to evaluate stocks the same way she evaluates private equity and venture capital deals.Here's what you'll learn:✅ The 2-part framewor
Fine Art & Luxury Investing Explained: How the Wealthy Turn Passion Into Profit
Welcome back to Season 2, Episode 8 of What the Wealthy Do.In this final episode of our Alternative Investment Series, Stephanie Dorsey, CEO and Co-Founder of Margins Capital, breaks down one of the most overlooked — yet powerful — wealth strategies used by the ultra-wealthy:Investing in fine art and luxury goods.We’re talking about assets like paintings, watches, handbags, wine, sneakers, and eve
The “Boring” Investments Billionaires Love: Infrastructure & Natural Resources
Welcome back to Season 2, Episode 7 of What the Wealthy Do.In this episode, Stephanie Dorsey, CEO and Co-Founder of Margins Capital, breaks down two asset classes that may sound boring — but quietly generate billions for wealthy investors:Infrastructure and Natural Resources.While the public is chasing the latest tech or AI stock, ultra-high-net-worth investors are buying the systems that keep the
Hedge Funds 101: Risk, Returns & Why Billionaires Use Them | Alternative Investments Series
Welcome back to Season 2, Episode 6 of What the Wealthy Do.In this episode, Stephanie Dorsey, CEO and Co-Founder of Margins Capital, breaks down one of the most mysterious and misunderstood investment vehicles in finance:Hedge funds.You’ve heard the term in the news, in movies, and in conversations about billionaires and institutional investors. But what actually is a hedge fund — and why do wealt
Commercial Real Estate 101: Cash Flow, Cap Rates & Wealth Strategy | Alternative Investments Series
Welcome back to Season 2, Episode 5 of What the Wealthy Do.In this episode, Stephanie Dorsey, CEO & Co-Founder of Margins Capital, breaks down one of the most proven wealth-building strategies in America: commercial real estate investing.This is part of our Alternative Investment Series — following private equity and venture capital — where we unpack how wealthy investors actually structure ge
The Future of Private Markets: Women, Care Economy & Risk Management
Welcome back to Season 2, Episode 4 of the What the Wealthy Do podcast!In this episode, Stephanie Dorsey sits down with Erin Harkless-Moore, investment leader at Pivotal Ventures, to explore how women-led investing, private markets, and the care economy are reshaping wealth and opportunity in the United States.We dive into:• How women-led funds are changing access to capital• Why diversity and inc
The Road to $300M: How Personal Alignment, Diversity & Tragedy Created Private Equity Alchemy
Welcome back to Season 2, Episode 3 of What the Wealthy Do.In this episode, Stephanie Dorsey sits down with Chidjoke Asamoah, co-founder of Fvlcrum Partners, a $300 million private equity fund focused on investing in diverse-led companies across the United States.We break down:• What private equity actually looks like behind the scenes • How institutional capital flows into minority-owned business
Inside the Rooms We’re Rarely In (Part 2): Alternative Investments, Risk & Who Really Qualifies
Welcome back to Part 2 of Season 2, Episode 1 of What the Wealthy Do.In this continuation of Inside the Rooms We’re Rarely In, Stephanie Dorsey and Yashnika go deeper into one of the most important questions in investing:Are alternative investments actually right for you?This episode breaks down:What “suitability” really means in private equity and alternative investmentsAccredited investor vs. qu
Inside the Rooms We’re Rarely In: A Black Woman’s Path to Private Equity
Welcome to Season 2, Episode 1 of What the Wealthy Do.In this Black History Month special of What the Wealthy Do, host Stephanie Dorsey sits down with Yashnica Mothersil, a Gen Z Associate at Apollo Global Management, to unpack her unexpected journey from criminal law aspirations to private equity and alternative investments.Yashnica shares what it’s really like entering elite financial spaces wit
Year-End Wealth Strategy: How the Wealthy Finish Strong & Start Ahead
Most people mentally check out at the end of the year.The wealthy do the exact opposite.In this episode of What the Wealthy Do, we break down how wealthy individuals strategically close the year—because how you finish the year directly impacts how well you start the next one.This isn’t about hustle. It’s about reflection, tax strategy, portfolio alignment, and preparation.How the wealthy review th
Crypto Explained Part 2: How The Wealthy Invest in Coins, The Blockchain and Crypto Startups
🔥 How do the wealthy REALLY think about crypto?In this episode, we break down exactly how wealthy investors use cryptocurrency; not as a gamble, but as a strategy. You’ll learn how they approach Bitcoin, Ethereum, blockchain startups, ETFs, tax advantages, and the smart way they limit risk while positioning for massive upside.Inside this episode: 🔥 Why wealthy investors treat crypto like venture c
Crypto Explained: What It Is, Why It Matters & How the Wealthy Use It
In this episode of What the Wealthy Do, we break down Crypto — what cryptocurrency really is, where Bitcoin came from, how blockchain works, and why the wealthy treat crypto as a long-term play instead of a gamble.You’ll learn: • The real history behind Bitcoin and the 2008 financial crisis • How the blockchain works (in simple, visual language) • Why Bitcoin is capped at 21 million • What makes c
Consumer vs Investor: The Mindset Shift That Makes The Wealthy Richer
In this episode of What the Wealthy Do, we break down one of the most important money shifts you’ll ever make — the difference between being a consumer and being an investor. With Black Friday and holiday sales flooding our feeds, this is the exact moment when most people overspend, underinvest, and derail their long-term wealth goals.Stephanie Dorsey, CEO & Co-Founder of Margins Capital, shar
Venture Capital 101: What It Is, How It Works & Why the Wealthy Love It
Venture capital is the “high-risk, high-reward” investment strategy the wealthy use to get in early on companies before they become billion-dollar unicorns like Airbnb, Uber, SpaceX, or Canva. 🚀In Episode 21 of What the Wealthy Do, host Stephanie Dorsey breaks down how venture capital really works, how investors make money, the stages of startup funding, and why this asset class is one of the most
Private Equity Explained: How the Wealthy Flip Companies for Millions
Ever wonder how the wealthy build massive fortunes beyond stocks and real estate? 💸 In this episode of What the Wealthy Do, host Stephanie Dorsey breaks down private equity — the “mac daddy” of alternative investments — and why it’s one of the most powerful tools for creating generational wealth.Learn how private equity works, who can invest, and why it’s been outperforming the stock market for ov
4 Ways to Invest in Private Markets | Alternative Investments Explained
Ever wondered how the wealthy invest beyond stocks and bonds? 🤔 In this episode of What The Wealthy Do, we’re breaking down four major investment vehicles that ultra-wealthy individuals use to grow their money — funds, SPVs (syndications), angel investing, and direct investing.💡 You’ll learn what each model means, how they work, and the pros and cons of using them to access private markets. Whethe
Beyond Stocks & Bonds : How the Wealthy Use Private Markets to Build Wealth & Why You Should Care
Did you know that nearly 4 out of 5 ultra-high-net-worth individuals put almost half their wealth into alternative investments? This is the wealth gap’s secret. Most of us focus on stocks and bonds, but the major wealth generators are playing in the private capital markets — assets that many don’t even know exist.In this episode, we pull back the curtain on the private capital markets: what they a
Public vs Private Markets: How the Wealthy Invest Beyond Stocks
Ever wondered why the wealthy don’t just invest in stocks and bonds? In this episode of What the Wealthy Do, host Stephanie Dorsey breaks down the difference between public and private capital markets, revealing how ultra-high-net-worth individuals are building wealth through alternative investments like real estate, venture capital, and private equity.💡 The wealthy invest differently — and it’s n
Wealth Building Tools You Probably Didn’t Know : Self Directed IRA + ROBS 401K Explained
Welcome to What The Wealthy Do Podcast! In this episode, Stephanie Dorsey breaks down two powerful but often overlooked wealth-building tools: Self-Directed IRAs and ROBS (Rollover Business Startup 401k).You’ll discover how these strategies allow investors and entrepreneurs to:Take control of retirement funds beyond traditional stocks and bondsInvest in real estate, private equity, or even their o
IRAs & Tax Strategies to Grow Wealth
Welcome to What the Wealthy Do! In this episode, Stephanie Dorsey breaks down the ins and outs of IRAs — both Traditional and Roth — and shows how the wealthy use both as tools to grow wealth while managing taxes.You’ll learn:The difference between Traditional IRA (pre-tax contributions) and Roth IRA (tax-free growth)Contribution limits and income thresholds you must knowThe smart strategy of conv
Savings vs Investing: Why the Wealthy Always Win
Think saving alone will make you wealthy? Think again. In this episode of What the Wealthy Do, Stephanie Dorsey breaks down why savings are only short-term protection, how inflation eats away at your dollars, and why investing with compound interest is the REAL wealth-building strategy. Learn how the wealthy put their money to work and how you can do the same.👉 Listen to the full episode for more
Corporate Friends Are You Leaving Money on the Table Part 2
Discover the hidden corporate benefits that can save you thousands in taxes! In this episode of What the Wealthy Do, Stephanie Dorsey breaks down how to use Health Savings Account (HSA), Flexible Spending Account (FSA), and Dependent Care Spending Account (DCSA) to reduce taxable income and build long-term wealth.✅ Learn why HSAs are the #1 triple tax-advantaged account in the U.S.✅ See how FSAs c
Corporate Friends Are You Leaving Money on the Table Part 1
Most people don’t realize they’re leaving free money on the table when it comes to their corporate benefits. In this episode of What the Wealthy Do, host Stephanie Dorsey breaks down how you can maximize every corporate benefit available to you like the wealthy maximize their privilege.We’ll uncover: ✅ How to maximize your 401k match and avoid throwing away thousands of dollars ✅ The overlooked me
Psychology of Money & Risk
Want to know how the wealthy actually think about money and risk? In this episode of What The Wealthy Do, Stephanie Dorsey breaks down the top 3 takeaways from the book The Psychology of Money by Morgan Housel and guides you through a simple risk profile quiz (conservative, moderate, aggressive) so you can know yourself and invest with confidence and alignment.You’ll learn:Why money is psychology
Biggest Tax Mistakes I’ve Made & Tax Hacks the I Use to Build Wealth
Ever wonder how the wealthy seem to play by different money rules? 💰In this episode of What The Wealthy Do, Stephanie Dorsey shares the biggest money mistakes she’s made—and the powerful lessons she’s learned about taxes, crypto, and real estate along the way.You’ll hear:How a missed crypto tax move cost thousands 💸Why multifamily real estate can be a game-changer for wealth building 🏠The exact ta
What the Wealthy Do Episode 9 | How the Wealthy Move Money to Pay Less in Taxes Part 3
This is Part 3 of Episode 7 of the What the Wealthy Do Podcast.Here’s what the wealthy know (that most don’t): ✔️ Tax codes are written for those who understand them. ✔️ Donations + deductions can unlock massive tax savings. ✔️ These strategies aren’t just for the 1% — you can use them too.Stay tuned for Part 3, where we go even deeper into wealthy tax strategies like charitable giving and state a
What the Wealthy Do Episode 8 | How the Wealthy Move Money to Pay Less in Taxes Part 2
This is Part 2 of Episode 7 of What the Wealthy Do Podcast: How the Wealthy Move Money to Pay Less in Taxes. Today’s focus? Bonus depreciation—a powerful tool that lets entrepreneurs, real estate investors, and business owners turn large purchases into massive tax savings.👉 Watch Part 1 first, then dive in here. Don’t forget to Like & Subscribe @WhatTheWealthyDo for weekly tips and tricks!
What the Wealthy Do Episode 7 | How the Wealthy Move Money to Pay Less in Taxes Part 1
In this episode of What the Wealthy Do, host Stephanie Dorsey reveals how the ultra-wealthy strategically move their money to legally lower their taxes—and how you can too. Learn the power of borrowing against assets, using business structures like LLCs and C-Corps, and setting up irrevocable trusts to protect your wealth. Whether you’re just starting your wealth-building journey or planning for m
What the Wealthy Do Episode 6 | How the Rich Make Every Dollar Work for Them
In just 15 minutes, this episode of What the Wealthy Do breaks down how wealthy people actually manage their money — and how you can too. It’s not just about earning a high salary. It’s about having a strategy for every dollar and making your money work harder than you do.Stephanie Dorsey dives deep into how the ultra-wealthy invest (including alternatives like private equity, art, real estate, an
What the Wealthy Do Episode 5 | How Wealthy People Make Money
In this episode of What the Wealthy Do, we break down how wealthy people think very differently about making money. Spoiler alert: they’re not relying on their labor! In this episode we talk:- Why wealthy folks don’t want big salaries- How ownership creates real wealth- Multiple streams of income that go beyond labor- Passive income vs. investments- Tax-advantaged strategies the wealthy actually u
What the Wealthy Do Episode 4 | The Money Mindset That Builds Real Wealth
Welcome back to What the Wealthy Do!In Episode 4, we're digging deep into the money mindset that wealthy people actually have—and how brilliant, ambitious Black women like YOU can start cultivating that mindset right now.We’re talking about more than just affirmations. This is about how the wealthy really think about money—and how their mindset around deservedness, confidence, and risk shapes ever
What the Wealthy Do Ep 3 | 7 Foundational Strategies to Build Wealth
Welcome back to What the Wealthy Do! In Episode 3, we're laying down the 7 essential financial foundations that the ultra-wealthy follow—and how brilliant, ambitious Black women like YOU can start applying them right now.From how to manage money intentionally, to building real wealth through investing and protecting your assets—this is the episode you'll return to over and over again.Wheth
What the Wealthy Do Episode 2 | Black Women and Wealth Power, Gaps, and Truths
In this episode of What The Wealthy Do, we dive into the real numbers, narratives, and power behind Black women and wealth.Host Stephanie Dorsey breaks down the financial truths no one talks about:– Black women manage over $900 billion in annual spending– We lead 2.7M+ businesses in the U.S.– We’re educated, brilliant — yet still underpaid and under-recognizedThis episode is both a reality check a
What the Wealthy Do | Ep. 1: Why Wealth Is the Key to Freedom
Welcome to the first episode of the What the Wealthy Do Podcast: A space for Black women and underrepresented communities to talk real about money, power, and freedom. In this kickoff episode, I share why I launched this podcast on Juneteenth, my personal journey through law, business, and entrepreneurship — and why building wealth is the real path to liberation. We’re not just talking about savin
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