Nice Girls Don't Get Rich: 75 Avoidable Mistakes Women Make with Money
Lois P. Frankel
Warner, 2005 (2005)
Read an Excerpt
Reviewed by Shannon Bigham
ois P. Frankel, Ph.D. previously advised women in the
with her national bestseller,
Nice Girls Don't Get the Corner Office
. This new release discusses 75 avoidable money mistakes. Frankel advises that some behaviors women learn as girls - such as '
talking about money is crass
' and '
men are better at math
' - hinder women in handling their money and achieving financial success. Frankel seeks to empower women with coaching tips on how to make more money and put it '
he book covers 75
that women commonly make with money, such as '
paying bills, not managing money
distinguishing between wants and needs
', and '
trusting the wrong people.
' Frankel provides coaching tips and specific directives on how to either avoid the mistake or to undo the financial damage incurred by it. Some coaching tips are common sense - for example regarding '
letting a deadbeat dad shirk his responsibility
', Frankel advises women to use '
appropriate enforcement agencies
' to get dad to meet his child support obligations. However, Frankel also suggests that women with a '
' in their life should buy a term life insurance policy and be certain that they are named as the beneficiary. Other snippets of advice include non-monetary suggestions, such as joining a gym or taking a hike, in efforts for women to take care of themselves. Overall, the book has a nice blend of common sense advice as well as interesting pointers that will benefit many readers.
his is a valuable tool for any woman seeking to improve her financial situation, as well as for those who are simply unfamiliar or uncomfortable with the dynamics of personal finance. Frankel does a good job of delving into women's psychology, and how it can adversely affect their financial situation. I like the organization of the book. A detailed table of contents makes it easy for the reader to go directly to
most pertinent to their personal situation, and quickly learn the coaching tips and tools specific to their financial issues. Pick up a copy of
Nice Girls Don't Get Rich
– it is quite likely that every female reader will learn some new-to-them tips to put them on the road to financial success.
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