Derek Notman

High income doesn’t automatically translate into high net worth. Here are the most common investing mistakes we see among high-earning professionals—and practical fixes that can improve outcomes without adding complexity.

If your income is $250k+, the stakes get bigger: taxes, equity comp, retirement, insurance, and estate planning all start to interact. Here’s a practical way to decide whether hiring a financial advisor is worth it—and what to look for if you do.

If you’re a business owner, your personal finances can feel chaotic even when revenue is strong—because cash flow timing is unpredictable. A simple “bucket” system can create clarity fast. The 5 buckets Operating buffer: 1–3 months of business expenses to reduce stress. Tax bucket: a separate account for federal/state taxes so you’re never surprised. Owner pay: consistent transfers to your personal checking on a schedule. Profit + reinvestment: decide in advance what stays in the business vs....