Many women, whether they've managed million-dollar budgets at work or managed kids, bills, and car payments at home, feel at a loss when it comes to figuring out their financial futures. Often, they leave the "big" money matters to the men in their lives, or they put off making important financial decisions that could affect their lifestyles down the road.
Now, in Smart Women Finish Rich, David Bach finally gives women the tools and the program they need to create rich futures. A renowned financial advisor who has coached thousands of people looking for financial security, Bach has developed a proven system for women that can make them better financial planners than men.
Bach has found that women tend to be naturally great investors when they learn to tap into their values. He has discovered that while men tend to focus on earning money for "things"--cars, boats, golf gear, etc.--and frequently switch stocks in their portfolios, women who prioritize their "values"--security, freedom, and education--are able to commit easily to a long-term savings and investment plan to build futures they really want.
Whether you're working with a few dollars a week, a significant inheritance, or a savings account that's been earning just 3 percent, the Smart Women Finish Rich approach toward saving and investing can provide a huge payoff. Secure your financial future and achieve your dreams by following these seven steps:
1. Learn the facts and myths about your money. 2. Put your money where your values are. 3. Figure out where you stand financially... and where you want to go. 4. Use the power of the latté factor to create massive wealth on just a few dollars a week. 5. Practice Grandma's three-basket approach to financial security. 6. Learn the nine biggest mistakes investors make and how to avoid them. 7. Follow the twelve commandments of attracting greater wealth.
These seven easy steps will transform your relationship with money, and Smart Women Finish Rich will put you in control of your finances and your future.
David Bach's Smart Women Finish Rich is a homage to the financial wisdom of his grandmother; it's also an excellent foundation for women who are starting to get their financial lives in order. Bach's approach to money management is rooted in years of investment seminars for women and his work as senior vice president of investments at Morgan Stanley Dean Witter. During that time he recognized that "people rarely know what is truly driving them emotionally when it comes to money." In response, Bach has written a guide to money management for women based on his belief that "financial planning is as much an emotional issue as it is an intellectual one." Are you considering your values in your work and investing? What part of your daily work is driven by your goals in life? Is your latte habit preventing you from accumulating substantial wealth? Bach addresses tax strategies, wills, insurance, retirement plans, and investments in a highly accessible manner. Smart Women Finish Rich ably bridges the gap between simple saving strategies and preparing for widowhood and financial independence. --Brad Doll
Review
Advance Praise for Smart Women Finish Rich:
"David Bach is the one expert to listen to when you're intimidated by your finances. His easy-to-understand program will show you how to spend, save, and invest your money to afford your dreams." --Anthony Robbins, bestselling author of Awaken the Giant Within
"David Bach is a financial genius with a passion for helping women get rich. Read this book--and prosper!" --Laurie Beth Jones, bestselling author of Jesus CEO
"Finally a book for women that talks about money in a way that makes sense. David Bach is not just an expert in managing money--he's the ultimate motivational coach for women. I can't recommend this book enough. It's a must read!" --Barbara DeAngelis, Ph.D., bestselling author of Real Moments
"Finally, a financial planning guide that addresses the unique issues that women face today. But what I like the most is that David starts with the most important principle: aligning your money with your values. And yes, men will be caught secretly reading this book." --Harry S. Dent Jr., bestselling author of The Roaring 2000s
"David Bach both educates and enlightens his readers through his sound investment advice and humor. I highly recommend this book!" --Marci Shimoff, bestselling coauthor, Chicken Soup for the Woman's Soul
"I love this book! It's more like a motivational seminar than a financial primer. Following David's insightful steps, you will not only increase your net worth, you will change your life. Everyone, not just women, should read this book--at least once!" --Barbara Stanny, author of Prince Charming Isn't Coming
David Bach has helped millions of people around the world take action to live and finish rich. He is one of the most popular and prolific financial authors of our time with nine consecutive national bestsellers, including two consecutive #1 New York Times bestsellers, Start Late, Finish Rich and The Automatic Millionaire as well as the national and international bestsellers Fight for Your Money, Go Green, Live Rich, The Automatic Millionaire Homeowner, Smart Women Finish Rich, Smart Couples Finish Rich, The Finish Rich Workbook and The Automatic Millionaire Workbook. Bach carries the unique distinction of having had four of his books appear simultaneously on the Wall Street Journal, BusinessWeek, and USA Today bestseller lists. In addition, four of Bach's books were named to USA Today's Best Sellers of the Year list for 2004. In all, his FinishRich Books have been published in more than 15 languages, with more than seven million copies in print worldwide.
Bach's breakout book The Automatic Millionaire was the #1 Business book of 2004, according to Business Week. It spent fourteen weeks on the New York Times bestseller list and was simultaneously number one on the bestseller lists of the New York Times, Business Week, USA Today, and The Wall Street Journal. With over a million copies in print, this simple powerful book has been translated into 12 languages and has inspired thousands around the world to save money automatically.
Bach's newest book, Start Over Finish Rich launches in December 2009. With its ten crucial moves you must make in 2010, Start Over Finish Rich provides the essential tools for readers to get back on track financially and recapture their dreams of a richer future.
Bach is regularly featured in the media. He has appeared six times on The Oprah Winfrey Show to share his strategies for living and finishing rich along with regular appearances on NBC's Today and Weekend Today shows, CNN's Larry King Live, ABC's Live with Regis and Kelly, The View, CBS's Early Show, ABC News, Fox News, and CNBC. He has been profiled in many major publications, including The New York Times, BusinessWeek, USA Today, People, Reader's Digest, Time, Financial Times, the Washington Post, The Wall Street Journal, Los Angeles Times, San Francisco Chronicle, Working Woman, Glamour, Family Circle, and Redbook. He has been a contributor to Redbook Magazine, Smart Money Magazine, Yahoo Finance and AOL Money. In 2009 Bach, was a regular on the Today Show Money 911 Segments and a contributor to ABC's Good Money.
David Bach is the creator of the FinishRich® Seminar series, which highlights his quick and easy-to-follow financial strategies. In just the last few years, more than half a million people have learned how to take financial action to live a life in line with their values by attending his Smart Women Finish Rich®, Smart Couples Finish Rich® , and Find The Money Seminars, which have been taught in more than 2,000 cities throughout North America by thousands of financial advisors.
A renowned motivational and financial speaker, Bach regularly presents seminars for and delivers keynote addresses to the world's leading financial service firms, Fortune 500 companies, universities, and national conferences. He is the founder and Chairman of FinishRich Media, a company dedicated to revolutionizing the way people learn about money. Prior to founding FinishRich Media, he was a senior vice president of Morgan Stanley and a partner of The Bach Group, which during his tenure (1993 to 2001) managed more than half a billion dollars for individual investors.
As part of his mission, David Bach is involved with many worthwhile causes including serving on the board for Habitat for Humanity New York and co-founding Makers of Memories, a charity organization dedicated to helping women and children who are victims of domestic violence.
David Bach lives in New York. Please visit his web site at http://www.finishrich.com
I am a 29 year old mother of a two year old girl and my husband and I have our own business. I knew absolutely nothing about investing but I felt that we were getting older and we needed to start thinking about saving for the future. This book has opened up a new world to me. We have very little money and I was scared to risk or needlessly spend what we do have. This book has shown me how to secure our financial future. Before this book I never even considered getting life insurance. After reading this book, the first thing I did was go out and buy a term life policy so my daughter will be protected in case anything happens to my husband or myself. My insurance agent was so impressed at what I knew about life insurance that he told me that 95% of the people he sold insurance to did not have my insurance buying knowledge. I learned everything I knew about life insurance in 20 minutes from reading this book. This book lays out in terms that anyone can understand how to protect your family and make your dreams come true. Being a small business owner I especailly appreciated Davids advice for those of us who are self employed. The best part of this book is the section that shows you do not have to be rich to save and invest. Even those of us with modest incomes can achieve our financial goals. It's all about make wise spending choices. The wisest choice of all would be to buy this book! I can't really say enough good things about it. The only part missing for me was a section on investing for college. I was looking for some advice on how to invest for my daughter's college education. I also bought Suze Orman's book Road to Wealth and this topic is covered quite thoroughly in there. Actually whenever I have a financial decision to make I read the topic in David's book and then follow up with Suze's for a second opinion. They always seem to agree in their own ways and I feel like I am making the best decision I can to secure my family's financial future.
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I'm turning 40 next year, and I've done a fair share of reading/research on retirement planning -- not a lot, mind you, but a fair bit. Much of it was dry, boring, or just plain incomprehensible. As a result, my savings and investing were haphazard (at best), and my record keeping was, frankly, pathetic.
"Smart Women Finish Rich" has motivated me like nothing else has. I don't know if it's because it's easier to understand and doesn't through a lot of jargon around, or if it's because Bach is so personable and seems genuinely interested in his readers.
What really lit the fire underneath me though were the various charts he had illuminating the value of compounded interest, using time to your advantage, etc. Now, this is something we all "know" at the intellectual level, but the way he presented it was enough to get me off my rear and working on putting my financial house in order.
In the past several days, I have set up my filing system, reviewed my IRA account, requested and reviewed my credit report, opened an account for my "emergency fund" and scheduled automatic deposits, and made a plan for paying down credit card debt. In the next week I'll get the ball rolling to contribute to my employer's 401(k) and get estate planning done for myself and my husband.
I can't say enough good things about how this book has helped me put my financial priorities in order. The reduction in my anxiety level over money is amazing. Well worth it!
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35 of 35 people found the following review helpful:
5.0 out of 5 starsWomen can talk about mutual funds over lunch, too!, July 29, 1999
By A Customer
This review is from: Smart Women Finish Rich (Hardcover)
I'm a boomer and an artist, and I steadfastly avoid reading "how-to" books about where I "should-be" in my savings. Debentures sounds so much like dentures, that I steer clear of the whole Wall Street world. But David Bach's book, Smart Women Finish Rich, not only penetrated my "artistic curtain," but actually changed my woeful banking habits. His book is clear and precise, underscoring how any woman can be rich, regardless of salary. Kind of "it's-about-savings-stupid" love tap to the wallet side of your brain. Not only do I have an idea what mutual funds, bonds, stocks, T-Bills and T-Notes are, I've put together, for the first time in my life, a portfolio. And it doesn't stop there. Bach writes clearly about health and life insurance policies, and I'm currently reexamining my own. How can a person who comparison shops for canned tomatoes not do the same for insurance and pocket the difference? If you need help getting started on a savings program, don't miss this wise financial primer, written by a guy who handles portfolios worth more than half a billion dollars each year.
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