Nice Girls Don't Get Rich: 75 Avoidable Mistakes Women Make with Money [Paperback]

Lois P. Frankel (Author)

Book Description

Publication Date: April 15, 2005

Borrowing on your credit cards? Saving instead of investing? Caring for others financially and ignoring your own needs? The things you learned as a girl may be preventing you from becoming financially independent and following your own dreams. Now bestselling author Lois Frankel tackles the outdated concepts that keep you from having the wealth you deserve, and she offers tried-and-true coaching tips to help you take control of your money and your life. Discover all the "nice girl" behaviors-and how to overcome them today!

• Mistake #4: Not playing to win. Being polite, quiet, and fair to a fault is playing the financial game "like a girl."
  
• Mistake #10: Choosing to remain financially illiterate. Knowledge is power. Learn to manage your major purchases, investments, and banking.
  
• Mistake #20: Spending as an emotional crutch. Understand your emotions; don't make purchases just to lift your spirits.
  
• Mistake #45: Saving instead of investing. Fear can keep your funds in low-interest accounts. Get educated-and get wealthy.

Get the financial savvy you need to change negative behaviors, make smart money choices, and embrace the life you want.

"Vivid, no-nonsense...I love this book." -Anne Fisher, "Workplace" columnist, Fortune magazine

"Good counsel...user-friendly worksheets...invigorating. This is one of the most important contributions to the personal finance literature since Suze Orman. You go, girl!" -Kirkus Reviews

"A fresh look at how women think about money...deals with the real reasons women have so much difficulty with their finances. I wish [I had] it before I made so many of the mistakes she discusses." -Barbara Stanny, author of Prince Charming Isn't Coming: How Women Get Smart About Money and Secrets of Six-Figure Women

Editorial Reviews

From Booklist

In the end, it is practical advice (words of tactical wisdom, that is) that gets us moving, motivated, and changing. Psychologist Frankel, author of Nice Girls Don't Get the Corner Office (2004), recognizes that fact by focusing on 75 "female" money mistakes--and how to correct them. For sure, there are a handful of different actions--getting in the money game, taking charge, spending wisely, learning money basics, saving and investing for the future, managing financial work potential, and playing it smart--that are then segmented into errors, no matter what the root causes. "Taking charge," for instance, admonishes those who don't trust their intuition and who let a deadbeat dad skirt his responsibilities, among others. Each reprimand, though, is accompanied by at least two coaching "how to overcome" tips and enlivened with client stories and personal anecdotes. Here, at last, is the commonsense retort to that old wives' tale that it's just as easy to marry a rich man as a poor one. Barbara Jacobs
Copyright © American Library Association. All rights reserved --This text refers to an out of print or unavailable edition of this title.

Review

"Any woman intent on getting ahead should read this book....a fascinating crash course."

See all Editorial Reviews

Product Details

• Paperback: 265 pages
• Publisher: Warner Business Books; Australian edition (April 15, 2005)
• Language: English
• ISBN-10: 0446697699
• ISBN-13: 978-0446697699
• ASIN: 044669472X
• Product Dimensions: 5.5 x 0.8 x 8.2 inches
• Shipping Weight: 8.8 ounces (View shipping rates and policies)
• Average Customer Review: 4.4 out of 5 stars  See all reviews (37 customer reviews)
• Amazon Best Sellers Rank: #365,787 in Books (See Top 100 in Books)

More About the Author

Dr. Lois Frankel attributes being an "avid writer" to having been an avid reader from childhood through the present. As a young girl growing up in New York she would anxiously wait for the next issue of the Weekly Reader to arrive at school so she could scour the back for new books to order at the cost of 25¢ each. Immersing herself in the stories of Little Women, Annie Oakley, Nancy Drew, and Cherry Ames Lois dreamed of one day becoming a writer herself. By the time she reached high school her focused shifted as she planned her career as a psychologist. It was only after her first book, Women, Anger & Depression: Strategies for Self-Empowerment, was published that Lois realized she had fulfilled her long-forgotten childhood dream.

Lois has always written about those things she feels closest to - workplace and women's issues. Her "research" is her experience working as a psychotherapist, business coach, and workshop facilitator for corporations around the globe. She was a pioneer in the field of business coaching and is still one of the few coaches in the country with a combination of ten years working in human resources at a Fortune 10 oil company and psychological expertise. Staying on top of the human aspects of business requires Lois to read the latest in business books but she still finds time for her favorite "true crime" authors such as Ann Rule and Patricia Cornwell. To learn more about Lois P. Frankel, Ph.D. visit her web sites: www.corporatecoachingintl.com and www.gr8speakers.com

Dr. Lois P. Frankel is the president of Corporate Coaching International as well as the author of several books and numerous articles. She is internationally recognized as an expert in the field of workplace behavior. With over twenty years of experience in human resources development, she is a frequently invited guest on talk radio, television, conferences, corporate workshops, and retreats.

Her work as a public speaker and consultant has provided Dr. Frankel with the privilege of serving such diverse clients as The Walt Disney Company, Candle Corporation, City of Pasadena, Amgen, Inc., Miller Brewing Company, McKinsey & Company, Inc., Lockheed Martin, Cedars-Sinai Medical Center, Los Angeles County Fire Department, International Family Entertainment/The Family Channel, The Hollywood Reporter, and many more. She also does pro bono consultation and workshops to nonprofit community agencies, including the Los Angeles Regional Food Bank, Caring for Babies with AIDS, and the Los Angeles Women's Foundation.

Dr. Frankel's books include, NICE GIRLS DON'T GET THE CORNER OFFICE: 101 Unconscious Mistakes Women Make That Sabotage Their Careers (Warner Books Hardcover; February 11, 2004; $ 19.95), Jump Start Your Career, Kindling the Spirit, Women, Anger, & Depression, and Overcoming Your Strengths, which was named "the best unsung business book of the year" in 1997 by Fast Company magazine.

As a member of the American Psychological Association, National Speakers Association, and the Society for Human Resources Management, Dr. Frankel is also a licensed psychotherapist with a doctorate in Counseling Psychology from the University of Southern California. Although originally from the East Coast, Dr. Frankel currently resides in Southern California.

Customer Reviews

Most Helpful Customer Reviews

128 of 140 people found the following review helpful:

2.0 out of 5 stars If you're a woman with more money than you know what to do with, buy this book., November 13, 2005

By 

JerseyTomato - See all my reviews
(VINE VOICE)   

This review is from: Nice Girls Don't Get Rich: 75 Avoidable Mistakes Women Make with Money (Hardcover)

I learned about 3 useful websites from this book, so reading it wasn't a total waste. But I kept feeling that it was written for women who are already a lot better off than I am, yet novices at managing their own money.

How about this--"You might not be able to quit your job and still make your annual pilgrimage to Tuscany. The new BMW every two years might be out of the question initially." In a section about maintaining what you already own, she talks about having sprinkler systems repaired and having your treadmill serviced. She encourages us to join a gym, and go to a spa. Give me a break!

My husband and I haven't had a vacation in 10 years, and are driving 8- and 13-year old cars. Around here a gym is at least $360 a year, an impossibility for us and not necessary anyway when you can walk, and buy dumbbells and used exercise videos for a few dollars. Spend money at a spa when I can take a bubble bath? A sprinkler system to keep the crabgrass green? Good grief.

She talks about controlling your expenses by cutting down on emotional and impulsive spending, which for my husband and I is a paltry sum. But she doesn't say much at all about dealing with health care and insurance costs, which is a big worry for lots of people.

In other words, she just doesn't get my life and the lives of many Americans. Judging from what I *know* to be bad advice for someone like me, it makes me take the rest of the book with a grain of salt as well.

40 of 43 people found the following review helpful:

2.0 out of 5 stars Who's the Target Audience?, March 15, 2006

By 

A. Titel (Overland Park, Kansas United States) - See all my reviews
(REAL NAME)   

This review is from: Nice Girls Don't Get Rich: 75 Avoidable Mistakes Women Make with Money (Hardcover)

I didn't find this book especially helpful. It seems the author could not decide who her target audience is: is it middle aged women who make $100K a year or 23 year old women making $25K? I also didn't think the financial advice was nearly as interesting or helpful as books written by finance professionals; the author is a therapist by training. It also seems that much of the advice is for women who are entirely passive, and I'm not sure most women fall into this category (I certainly do not.) Save your money.

20 of 22 people found the following review helpful:

5.0 out of 5 stars What Kind of Girl Are You?, June 5, 2005

By 

Patricia A. Supino (Middletown, NJ USA) - See all my reviews
(REAL NAME)   

This review is from: Nice Girls Don't Get Rich: 75 Avoidable Mistakes Women Make with Money (Hardcover)

Am I an "ostrich" or an "abdicator?" That's the question I asked myself while reading Nice Girls Don't Get Rich! They are just two of the types of women with whom you may or may not identify who are in dire financial straits or, at the least, not reaching their financial potential for behaving like "nice girls."

Following each case scenario, coaching tips are offered to prevent or stop us from falling into female behavior traps that can be financially crippling. Each tip is in bulletpoint format making the information easily accessible for reference.

Dr. Frankel employs an easygoing, winning writing style to deliver hard-hitting strategies designed to knock women out of their financial complacency and dependency. The advice ranges from simply balancing a checkbook or weekly budgeting to setting up a private foundation.

If you've read Nice Girls Don't Get the Corner Office, this new book provides the tools necessary to build your wealth after you've attained that desired position. I highly recommend adding it to your "nice girls" collection.