"I've had to navigate having a heavy tax liability while trying to build business reserves and grow my net worth, and I've learned firsthand what works and what doesn't."

Imagine having an investment strategy where your money grows tax-free, is accessible whenever you need it, and lets you take time off whenever you want—without stress.

Most $7-figure female entrepreneurs I talk to don’t realize they might be vastly overpaying in taxes. 

You’re probably already leveraging your business’s tax deductions, but if you haven’t started contributing to Roth accounts, or you haven't heard yet of my OWL Method, you’re leaving hundreds of thousands of dollars on the table on your way to building wealth.

Your business should give you the time freedom, income stability, and financial security to take time off when you want, pivot when you need to, and survive slow seasons without panic.

So, what's a Savvy InvestHER to do?

Let’s talk about building real wealth—not just making money, but actually keeping it, growing it, and using it to create freedom in your life.

The government actually gives you legal ways to protect your income and invest tax-free—you just have to know how to leverage them.

So today, I’m breaking down the most powerful tax-free wealth-building strategies that let you keep more money in your business, fund your investments, and build long-term financial security without working harder.

Why Listen to Me?

As a financial advisor & money coach for female entrepreneurs, I see the behind-the-scenes of business owner's financials every. single. day.

But I don't just teach this—I live it.

I've had to navigate having a heavy tax liability while trying to build business reserves and grow my net worth, and I've learned firsthand what works and what doesn't. This article is about real, tested strategies that I personally use and recommend to my clients. Including my Fear to Fierce Financial Formula:

• Profit – Making sure you pay yourself first and prioritize revenue streams.

• Prepare – Ensuring you are ready for disaster preparedness and unexpected expenses.

• Eliminate – Paying off debt and building strong credit to create financial freedom.

• Protect – Safeguarding your assets and ensuring your financial security.

• Grow – Building long-term wealth and creating passive income streams.

Today, to help you avoid overpaying Uncle Sam, I’m breaking down four powerful components of Step 5 "GROW" in the Fear To Fierce Financial Formula.

With every episode of Fierce Feminine Finance, I like to empower you with a POWERFUL free resource that goes with the episode which you can implement right away to create some of the same results, if not better, in your business.

This week, since we are talking about ways to protect your portfolio, I want to invite you to my Ultimate Investment Guide for Female Entrepreneurs to help you implement the strategies I talk about here...and a few extra I didn't mention!

After going through this free guide you will be able to identify which strategy for financial freedom is the best fit for you. So you can start taking steps right away to secure your future!

You can download it right away by clicking here or on the photo above 👆

This is NOT investment advice. It's my strategy based on my own financial situation and experience, and is not the advice I would give to every client. If you'd like the support of an investment advisor to work out your own plan, click here to connect with my team.

1. A Complete Guide to Backdoor Roth Conversions for High-Earning Entrepreneurs

If you've been looking for ways to build wealth outside your business (hello diversification) but want to access your investment portfolio later on without increasing your tax liability, listen up!

A Backdoor Roth Conversion is a strategy that allows high-income earners to legally contribute to a Roth IRA, even though our income exceeds the IRS limits. 

This is a loophole in the tax code that many wealthy ladies don’t realize can be used to grow your investments 100% tax-free—without being penalized for making "too much money.”

If you’re a 7+figure female entrepreneur, you might have heard that you "make too much" to contribute to a Roth IRA. 

But that’s not exactly true—because the IRS allows you to convert funds from a Traditional IRA to a Roth IRA. This process is called a Backdoor Roth Conversion.

The IRS limits who can directly contribute to a Roth IRA based on their income. In 2024, if you file as:

🚫 Single: You can’t contribute directly if you make over $161,000.
🚫 Married Filing Jointly: No direct contributions if you make over $240,000.

For high-earning business owners, this shuts the door on tax-free investing… unless you use the Backdoor Roth Conversion method.

Here’s the legal way around the income limits (bookmark this page!!): 

Step 1: Open a Traditional IRA

• Even if you already have an IRA, you’ll need a separate, new Traditional IRA for this strategy.

• This account will serve as the "holding place" for your money before you convert it to a Roth IRA.

Step 2: Make a Non-Deductible Contribution

• The IRS allows anyone to contribute up to $7,000 ($8,000 if 50+) per year to a Traditional IRA.

• Because you earn too much to deduct this on your taxes, it’s called a non-deductible contribution.

• Important: Don’t invest the money yet—just let it sit in cash to avoid triggering extra taxes.

Step 3: Convert It to a Roth IRA

• Once the money is in your Traditional IRA, move it into a Roth IRA.

• This is called a Roth conversion, and there’s no income limit on doing this.

• Ideally, you do this immediately after Step 2 to avoid any gains (which could be taxable).

Step 4: Pay Taxes on Any Gains (If Applicable)

• If you do the conversion right away, there’s little or no tax owed.

• If you wait and your Traditional IRA grows before converting, you’ll owe income tax on the gains.

Step 5: Invest & Grow Tax-Free!

• Now that the money is in your Roth IRA, you can invest it in stocks, ETFs, real estate funds, or other assets—and it will grow tax-free for life.

• The earlier you start, the more compound interest works in your favor!

This isn’t the only way to legally reduce your tax liability as a $7+figure business owner. There’s also my OWL Method (keep reading if you want the inside scoop on that!). 

2. My "OWL" Method for Tax-Free Wealth Accumulation

Step 5 of my Fear To Fierce Financial Formula is all about leveraging your business profits to build wealth, and what better way to do that than inside tax-free investment vehicles?

What’s the OWL Method? It stands for Opulent Wealth Loop, and it’s a strategy that allows you to grow your wealth tax-free using a tax loophole (7702a).

In his book, Volatility Shield, David McKnight talks about this strategy and tells investors to "cash stuff" in these types of accounts as a "rainy day fund" that's guaranteed against market loss.

I tried it, and it worked.

So I started recommending these to clients who want a savings account that will grow at the same rate as the S&P 500 or Global Index Fund, and even better, your gains grow tax-free, like earning store credit on every handbag purchase instead of losing money with depreciation.

And let's talk liquidity, because what good is a perfume bottle if you can never get it open when you want to use it?

Unlike stocks, where selling at the wrong time means locking in losses forever, I call this my "OWL" Method because it's an Opulent Wealth Loop...

You can borrow against your cash value whenever you need funds, without diminishing the underlying asset. Think of it like those nifty store credit cards they offer at your favorite boutique.... but with way better interest rates, and you never have to pay it back unless you want to!

Click here to connect with my team about opening your own OWL account.

3. HSAs, The Ultimate "Stealth" Wealth Account

An HSA (Health Savings Account) is a triple-tax-advantaged account that’s criminally underused by high-earning business owners.

If you’re a high net worth investor and serious about increasing your net worth, you gotta have one of these sexy babies!

You wouldn’t throw away free money, right? Well, if you’re not maxing out your HSA (Health Savings Account), you’re doing just that.

Think of an HSA like a designer handbag that pays for itself over time.

You invest in it once (by contributing tax-free), and then you can use it forever—pulling out money tax-free for medical expenses, whether that’s next year or decades from now.

Just like a quality investment piece, it holds its value, protects your finances, and makes your life easier when you need it most!

A lot of business women I speak to underestimate the incredible savings you can have with an HSA. The Pension Research Council did a study in 2023 that found a healthy woman's lifetime healthcare insurance premiums are estimated to be nearly $200,000 more than those of a healthy man.

So having an HSA can reduce your "pink tax".

What do I mean by Triple Tax Advantages?

• Pre-Tax Contributions: Money deposited into an HSA is tax-deductible, reducing your taxable income for the year.

• Tax-Free Growth: Funds in the account grow tax-free, allowing investments to compound without the drag of taxes.

• Tax-Free Withdrawals: When used for qualified medical expenses, withdrawals are tax-free, ensuring that every dollar saved goes further.

Best of all, HSAs aren't just savings accounts; they can also be investment vehicles. By investing HSA funds in assets like stocks or mutual funds, the account can experience significant growth over time. And as long as you spend the gains on qualifying health-related expenses, it's tax-free!

Qualifying Health-Related Expenses You Can Pay with an HSA

Medical Care & Treatments

• Doctor’s visits (primary care, specialists, urgent care)

• Hospital services (including surgeries and overnight stays)

• Lab tests and diagnostic services (bloodwork, X-rays, MRIs, CT scans)

• Physical therapy and chiropractic care

• Fertility treatments (IVF, egg freezing for medical reasons)

• Maternity care (prenatal, labor and delivery, postpartum care)

• Breast pumps and lactation supplies

Prescription & Over-the-Counter Medications

• Prescription drugs

• Over-the-counter medications (pain relievers, allergy meds, cold and flu meds) with no prescription required

• Birth control and emergency contraception

• Insulin and diabetic supplies (test strips, glucose monitors, pumps)

Dental & Vision Care

• Dental exams, cleanings, X-rays, and fillings

• Root canals, crowns, and braces

• Vision exams, prescription glasses, and contact lenses

• LASIK or PRK eye surgery

Medical Equipment & Aids

• Hearing aids and batteries

• Walkers, wheelchairs, and canes

• CPAP machines and accessories for sleep apnea

• Home blood pressure monitors

• First aid supplies (bandages, thermometers, antiseptics)

Alternative & Preventive Treatments

• Acupuncture

• Massage therapy (if prescribed for a medical condition)

• Smoking cessation programs and nicotine patches/gums

• Weight-loss programs (if medically necessary)

Long-Term & Special Care

• Home health care services

• Nursing home and assisted living care (if medically necessary)

• Long-term care insurance premiums (up to IRS limits)

Are you starting to see the possibilities? Most of these expenses are probably things you are already paying for. Instead of using after-tax dollars, you can contribute to your HSA, effectively getting a 20-30 percent discount depending on your tax bracket.

Example

• You spend $3,000 on a dental procedure.

• If you pay out-of-pocket with post-tax income, you would need to earn approximately $4,000 (after taxes) to cover it.

• If you use your HSA, you pay the full $3,000 tax-free, keeping more of your hard-earned money.

So there you have it! Three strategies for reducing your tax bill (now or in the future) that are strategically perfect for high-earning female entrepreneurs. You work too hard to give the IRS more than necessary. You deserve to keep, grow, and enjoy your wealth.

✨ Your challenge this week: Pick ONE of these strategies and take action. Open that HSA, max out your Roth IRA, or hop on a call with our team about using the OWL Method.

If this article helped you, DM me on Instagram (@FierceFeminineFinance) and let me know your biggest takeaway!