Listen and subscribe to Money Making Conversations on iHeartRadio, Apple Podcasts, Spotify, www.moneymakingconversations.com/subscribe/ or wherever you listen to podcasts. New Money Making Conversations episodes drop daily.  I want to alert you, so you don’t miss out on expert analysis and insider perspectives from my guests who provide tips that can help you uplift the community, improve your financial planning, motivation, or advice on how to be a successful entrepreneur.  Keep winning!

Two-time Emmy and Three-time NAACP Image Award-winning, television Executive Producer Rushion McDonald interviewed Cary Carbonaro.

A certified financial planner with 25+ years of experience, discusses her book Women and Wealth and her mission to empower women financially. The interview focuses on the growing economic power of women, systemic gaps in the financial industry, and the importance of financial planning and independence.

🎯 Purpose of the Interview 1. Empower Women Financially
Raise awareness about women’s role in the future of wealth ownership.
Encourage women to take control of their financial futures.

2. Highlight Industry Gaps
Expose how the financial services industry has historically underserved women.
Advocate for a more inclusive, “female-friendly” approach to financial planning.

3. Promote Financial Planning for Everyone
Emphasize that financial planning is not just for the wealthy.
Encourage proactive, long-term planning to achieve financial freedom.

🔑 Key Takeaways 1. Women Will Control the Majority of Wealth
By 2030, women are projected to control two-thirds of U.S. wealth (~$30 trillion). 

👉 Lesson: The financial industry must adapt to serve a rapidly changing client base.

2. The Financial Industry Is Not Built for Women
Historically designed “by men for men.”
Many women feel unheard, misunderstood, or underserved.

👉 Lesson: Financial services must evolve in communication, empathy, and strategy.

3. Women Often Leave Financial Advisors
About 80% of women leave their financial advisor after a spouse dies. [

Reasons:
Lack of connection
Poor communication
Feeling excluded or pressured

👉 Lesson: Relationship-building and inclusion are critical in financial advising.

4. Financial Planning Is Essential for Everyone
Not just for the wealthy—everyone needs a roadmap.
Planning covers:

Cash flow
Investments
Taxes
Insurance
Estate planning

👉 Lesson: A comprehensive plan aligns all aspects of your financial life.

5.“If You Fail to Plan, You Plan to Fail”
Financial success requires intentional planning.
Each person’s “financial freedom” looks different.

👉 Lesson: Define your goals and build a strategy to reach them.

6. Women Face a Significant Wealth Gap
Beyond the wage gap, women experience a**“wealth gap”** due to:

Career interruptions
Caregiving responsibilities
This can cost women around $1 million over a lifetime. [

👉 Lesson: Structural and societal factors impact long-term wealth accumulation.

7. Financial Literacy Equals Power and Choice
Wealth gives options in lifestyle, career, and life decisions.

👉 Lesson: Money is not just income—it’s control over your life.

8. Women Often Seek Help Too Late
Many women consult financial advisors only after crises (death, divorce, job loss).

👉 Lesson: Proactive planning is far more effective than reactive decision-making.

9. Representation Matters in Finance
Only about 24% of certified financial planners are women. [

👉 Lesson: More female professionals are needed to better serve female clients.

10. Confidence & Visibility Drive Success
Carbonaro built her business by:

Positioning herself as a financial expert for women
Speaking publicly and sharing her message
Staying authentic to her mission

👉 Lesson: Clear positioning and purpose attract the right audience.

💬 Notable Quotes On Wealth Shift
“By 2030, women are going to control two-thirds of the nation’s wealth.” 

On Industry Gaps
“My industry… has been built by men for men.” 

On Planning
“If you fail to plan, you plan to fail.”[

On Financial Independence
“Women should control their own destiny… money equals power.”[CARY CARBONARO | Txt]

On Advisor Relationships
“80% of women leave their financial advisor after a spouse dies.”[CARY CARBONARO | Txt]

On Life Impact of Wealth Gap
“That… over her lifetime costs her $1 million.”[

On Financial Timing
“Women call me when it’s raining… I want them to call when it’s sunny.”[

🧠 Bottom Line

This interview highlights a major societal and financial shift:

👉 Women are becoming the dominant force in wealth—but the system isn’t ready.

Carrie Carbonaro’s message:
Start planning early
Build financial literacy
Demand better service
Use wealth as a tool for independence and choice

#BEST

#STRAW

#SHMS

 

Money Making Conversations Master Class with Rushion McDonald is America's premier entrepreneurship, business leadership, financial literacy, and wealth-building podcast featuring successful entrepreneurs, executives, founders, celebrities, and industry experts sharing actionable insights for professional and financial success.

Business Podcast

Entrepreneurship

Small Business

Business Growth

Financial Literacy

Wealth Building

Black Entrepreneurs

Minority Business

Leadership

Executive Leadership

Business Funding

Marketing Strategies

Personal Development

Startup Advice

Sales Training

CEO Interviews

Founder Stories

Professional Development

Economic Empowerment

Business Success

Networking

Brand Building

Innovation

How to start a business

Small business funding

Entrepreneur success stories

Business leadership podcast

Wealth building strategies

Black entrepreneur podcast

Minority business development

Marketing for small businesses

Business growth strategies

Startup funding opportunities

Executive leadership training

Financial literacy education

Success mindset podcast

Listen and subscribe to Money Making Conversations on <a href="https://www.iheart.com/podcast/1119-money-making-conversation-28341098/" data-auth="NotApplicable" data-linkindex="0">iHeartRadio</a>,&nbsp;<a href="https://podcasts.apple.com/us/podcast/money-making-conversations-master-class/id1264705641" data-auth="NotApplicable" data-linkindex="1">Apple Podcasts</a>,&nbsp;<a href="https://open.spotify.com/show/3ABAQdTXqAnhGwxrsjFa5y" data-auth="NotApplicable" data-linkindex="2">Spotify</a>, <a href="http://www.moneymakingconversations.com/subscribe/">www.moneymakingconversations.com/subscribe/</a> or wherever you listen to podcasts. New Money Making Conversations episodes drop daily.&nbsp; I want to alert you, so you don&rsquo;t miss out on expert analysis and insider perspectives from my guests who provide tips that can help you uplift the community, improve your financial planning, motivation, or advice on how to be a successful entrepreneur.&nbsp; Keep winning!
Two-time Emmy and Three-time NAACP Image Award-winning, television Executive Producer Rushion McDonald interviewed Cary Carbonaro.
A&nbsp;certified financial planner with 25+ years of experience, discusses her book Women and Wealth and her mission to empower women financially. The interview focuses on the growing economic power of women, systemic gaps in the financial industry, and the importance of financial planning and independence.
<hr>
🎯 Purpose of the Interview 1. Empower Women Financially
<ul>
<li>Raise awareness about women&rsquo;s role in the future of wealth ownership.</li>
<li>Encourage women to take control of their financial futures.</li>
</ul>
2. Highlight Industry Gaps
<ul>
<li>Expose how the financial services industry has historically underserved women.</li>
<li>Advocate for a more inclusive, &ldquo;female-friendly&rdquo; approach to financial planning.</li>
</ul>
3. Promote Financial Planning for Everyone
<ul>
<li>Emphasize that financial planning is not just for the wealthy.</li>
<li>Encourage proactive, long-term planning to achieve financial freedom.</li>
</ul>
<hr>
🔑 Key Takeaways 1. Women Will Control the Majority of Wealth
<ul>
<li>By 2030, women are projected to control two-thirds of U.S. wealth (~$30 trillion).&nbsp;</li>
</ul>
👉 Lesson: The financial industry must adapt to serve a rapidly changing client base.
<hr>
2. The Financial Industry Is Not Built for Women
<ul>
<li>Historically designed &ldquo;by men for men.&rdquo;</li>
<li>Many women feel unheard, misunderstood, or underserved.</li>
</ul>
👉 Lesson: Financial services must evolve in communication, empathy, and strategy.
<hr>
3. Women Often Leave Financial Advisors
<ul>
<li>About 80% of women leave their financial advisor after a spouse dies. <a href="https://rushionmcdonald-my.sharepoint.com/personal/admin_rushionmcdonald_onmicrosoft_com/Documents/Microsoft%20Copilot%20Chat%20Files/CARY%20CARBONARO.txt">[</a></li>
</ul>
Reasons:
<ul>
<li>Lack of connection</li>
<li>Poor communication</li>
<li>Feeling excluded or pressured</li>
</ul>
👉 Lesson: Relationship-building and inclusion are critical in financial advising.
<hr>
4. Financial Planning Is Essential for Everyone
<ul>
<li>Not just for the wealthy&mdash;everyone needs a roadmap.</li>
<li>Planning covers:
<ul>
<li>Cash flow</li>
<li>Investments</li>
<li>Taxes</li>
<li>Insurance</li>
<li>Estate planning</li>
</ul>
</li>
</ul>
👉 Lesson: A comprehensive plan aligns all aspects of your financial life.
<hr>
5.&ldquo;If You Fail to Plan, You Plan to Fail&rdquo;
<ul>
<li>Financial success requires intentional planning.</li>
<li>Each person&rsquo;s &ldquo;financial freedom&rdquo; looks different.</li>
</ul>
👉 Lesson: Define your goals and build a strategy to reach them.
<hr>
6. Women Face a Significant Wealth Gap
<ul>
<li>Beyond the wage gap, women experience a**&ldquo;wealth gap&rdquo;** due to:
<ul>
<li>Career interruptions</li>
<li>Caregiving responsibilities</li>
</ul>
</li>
<li>This can cost women around $1 million over a lifetime. <a href="https://rushionmcdonald-my.sharepoint.com/personal/admin_rushionmcdonald_onmicrosoft_com/Documents/Microsoft%20Copilot%20Chat%20Files/CARY%20CARBONARO.txt">[</a></li>
</ul>
👉 Lesson: Structural and societal factors impact long-term wealth accumulation.
<hr>
7. Financial Literacy Equals Power and Choice
<ul>
<li>Wealth gives options in lifestyle, career, and life decisions.</li>
</ul>
👉 Lesson: Money is not just income&mdash;it&rsquo;s control over your life.
<hr>
8. Women Often Seek Help Too Late
<ul>
<li>Many women consult financial advisors only after crises (death, divorce, job loss).</li>
</ul>
👉 Lesson: Proactive planning is far more effective than reactive decision-making.
<hr>
9. Representation Matters in Finance
<ul>
<li>Only about 24% of certified financial planners are women. <a href="https://rushionmcdonald-my.sharepoint.com/personal/admin_rushionmcdonald_onmicrosoft_com/Documents/Microsoft%20Copilot%20Chat%20Files/CARY%20CARBONARO.txt">[</a></li>
</ul>
👉 Lesson: More female professionals are needed to better serve female clients.
<hr>
10. Confidence &amp; Visibility Drive Success
<ul>
<li>Carbonaro built her business by:
<ul>
<li>Positioning herself as a financial expert for women</li>
<li>Speaking publicly and sharing her message</li>
<li>Staying authentic to her mission</li>
</ul>
</li>
</ul>
👉 Lesson: Clear positioning and purpose attract the right audience.
<hr>
💬 Notable Quotes On Wealth Shift
<ul>
<li>&ldquo;By 2030, women are going to control two-thirds of the nation&rsquo;s wealth.&rdquo;&nbsp;</li>
</ul>
On Industry Gaps
<ul>
<li>&ldquo;My industry&hellip; has been built by men for men.&rdquo;&nbsp;</li>
</ul>
On Planning
<ul>
<li>&ldquo;If you fail to plan, you plan to fail.&rdquo; <a href="https://rushionmcdonald-my.sharepoint.com/personal/admin_rushionmcdonald_onmicrosoft_com/Documents/Microsoft%20Copilot%20Chat%20Files/CARY%20CARBONARO.txt">[</a></li>
</ul>
On Financial Independence
<ul>
<li>&ldquo;Women should control their own destiny&hellip; money equals power.&rdquo; <a href="https://rushionmcdonald-my.sharepoint.com/personal/admin_rushionmcdonald_onmicrosoft_com/Documents/Microsoft%20Copilot%20Chat%20Files/CARY%20CARBONARO.txt">[CARY CARBONARO | Txt]</a></li>
</ul>
On Advisor Relationships
<ul>
<li>&ldquo;80% of women leave their financial advisor after a spouse dies.&rdquo; <a href="https://rushionmcdonald-my.sharepoint.com/personal/admin_rushionmcdonald_onmicrosoft_com/Documents/Microsoft%20Copilot%20Chat%20Files/CARY%20CARBONARO.txt">[CARY CARBONARO | Txt]</a></li>
</ul>
On Life Impact of Wealth Gap
<ul>
<li>&ldquo;That&hellip; over her lifetime costs her $1 million.&rdquo; <a href="https://rushionmcdonald-my.sharepoint.com/personal/admin_rushionmcdonald_onmicrosoft_com/Documents/Microsoft%20Copilot%20Chat%20Files/CARY%20CARBONARO.txt">[</a></li>
</ul>
On Financial Timing
<ul>
<li>&ldquo;Women call me when it&rsquo;s raining&hellip; I want them to call when it&rsquo;s sunny.&rdquo; <a href="https://rushionmcdonald-my.sharepoint.com/personal/admin_rushionmcdonald_onmicrosoft_com/Documents/Microsoft%20Copilot%20Chat%20Files/CARY%20CARBONARO.txt">[</a></li>
</ul>
<hr>
🧠 Bottom Line
This interview highlights a major societal and financial shift:
👉 Women are becoming the dominant force in wealth&mdash;but the system isn&rsquo;t ready.
Carrie Carbonaro&rsquo;s message:
<ul>
<li>Start planning early</li>
<li>Build financial literacy</li>
<li>Demand better service</li>
<li>Use wealth as a tool for independence and choice</li>
</ul>
#BEST
#STRAW
#SHMS
&nbsp;
Money Making Conversations Master Class with Rushion McDonald is America's premier entrepreneurship, business leadership, financial literacy, and wealth-building podcast featuring successful entrepreneurs, executives, founders, celebrities, and industry experts sharing actionable insights for professional and financial success.
Business Podcast
Entrepreneurship
Small Business
Business Growth
Financial Literacy
Wealth Building
Black Entrepreneurs
Minority Business
Leadership
Executive Leadership
Business Funding
Marketing Strategies
Personal Development
Startup Advice
Sales Training
CEO Interviews
Founder Stories
Professional Development
Economic Empowerment
Business Success
Networking
Brand Building
Innovation
How to start a business
Small business funding
Entrepreneur success stories
Business leadership podcast
Wealth building strategies
Black entrepreneur podcast
Minority business development
Marketing for small businesses
Business growth strategies
Startup funding opportunities
Executive leadership training
Financial literacy education
Success mindset podcast

Money Making Conversations Master Class is more than a podcast. It's a front-row seat to the ideas, experiences, and breakthrough moments that inspire success. Hosted by Rushion McDonald, each episode features influential entrepreneurs, business leaders, celebrities, influencers, and nonprofit changemakers sharing the lessons, strategies, and mindset shifts that helped them turn ambition into achievement. The show empowers dreamers, doers, and leaders to think bigger, move smarter, and take action on their goals. As Rushion McDonald often says, "Stop reading other people's success stories and start planning your own."

Tune in, get inspired, and start writing your own success story, one conversation at a time.

https://www.moneymakingconversations.com

https://www.youtube.com/MoneyMakingConversations

https://www.facebook.com/MoneyMakingConversations/

https://twitter.com/moneymakingconv

https://www.instagram.com/moneymakingconversations/

Money Making Conversations Master Class is more than a podcast. It's a front-row seat to the ideas, experiences, and breakthrough moments that inspire success. Hosted by Rushion McDonald, each episode features influential entrepreneurs, business leaders, celebrities, influencers, and nonprofit changemakers sharing the lessons, strategies, and mindset shifts that helped them turn ambition into achievement. The show empowers dreamers, doers, and leaders to think bigger, move smarter, and take action on their goals. As Rushion McDonald often says, "Stop reading other people's success stories and start planning your own."
Tune in, get inspired, and start writing your own success story, one conversation at a time.
https://www.moneymakingconversations.com
https://www.youtube.com/MoneyMakingConversations
https://www.facebook.com/MoneyMakingConversations/
https://twitter.com/moneymakingconv
https://www.instagram.com/moneymakingconversations/

Money Making Conversations Master Class

Financial Advice: The interview focuses on the growing economic power of women and systemic gaps in the financial industry.

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/ac9e4b53-d0ed-406e-8d25-b4ef012a1d5e/transcript