Why High Earners Still Go Broke (And How to Stop It)

June 26, 20251 min read
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Being a high-income earner doesn’t mean you’re building wealth. In fact, nearly half of Americans earning $100K+ live paycheck to paycheck—and the same trend is happening globally.

In this video, I break down the myth of high income = wealth, share real stories from doctors, lawyers, and executives making $250K–$500K+ who still feel broke, and reveal what’s really keeping people trapped in the rat race.

We’ll unpack:
🔹 Why lifestyle creep is silently draining your bank account
🔹 How debt traps high earners into financial stress
🔹 What it really means to be wealthy
🔹 And the 3 types of people living paycheck to paycheck (which one are you?)

📥 Download the FREE 7-Step Money System that helped me and my clients build real financial freedom:
https://canbewealthy.com/7steps-page

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Salena Kulkarni

On my YouTube channel, I share key takeaways from the books I read and the lessons I learn along the way. From productivity tips to business insights and life advice, it’s all about growing and improving together.

For the 20+ years I have been supporting others to walk the path towards financial independence by sharing strategies, tools, insights and wisdom normally coveted by the wealthy.

As a Chartered Accountant and private investor, I created I Can Be Wealthy to fill the gap I wish someone had filled for me when I was starting out: real-world financial education for people who weren’t born into money.

My own journey wasn’t smooth. I spent years working hard, earning more, but never feeling ahead.

I saved for 7 years to buy my first home, made every money mistake in the book and nearly gave up more than once.

But through trial, learning, and eventually investing wisely, I built financial freedom and now I help others do the same, faster and with fewer detours.

This isn’t just about money. It’s about giving people back agency, confidence, and a life with real choices.

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Written by a Chartered Accountant with 25+ years of experience. No fluff. No guilt. Just what works

Every week I share, my notes from the field, and ideas that will help you break free, build a real plan, and start creating a future you actually want.

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