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We Should All Be Millionaires

288 pages, 2021

business & management

business & management

1082 books
self-improvement

self-improvement

909 books
Takeaways
Description

According to a 2018 report from the World Economic Forum, only 10 percent of the world's millionaires are women, making it difficult for women to wield the economic power that will create lasting gender equality.

 However, there are strategies that women can adopt to close this wealth gap. These include improving one's knowledge of wealth-building tactics, eliminating imposter syndrome and adopting a janky mindset about money, overcoming fear or uncertainty about how to begin and leading by example by showing up and glowing up. 

In this book, Rachel Rodgers—a Black woman, mother of four, attorney, and business owner— shares the lessons she's learned both in her own journey to wealth and in coaching hundreds of women through their own journeys to seven figures.

Embrace Your Ambitions

Rachel Rodgers encourages us to embrace our ambitions and not shy away from them. She believes that everyone has the potential to become a millionaire, and it's about time we start believing in ourselves. So, let's stop doubting and start dreaming big!

Invest in Yourself

In 'We Should All Be Millionaires', Rodgers emphasizes the importance of investing in ourselves. This could be through education, personal development, or even self-care. She believes that the more we invest in ourselves, the higher the returns we'll see in our lives.

Create Multiple Income Streams

Rodgers suggests that relying on a single income stream is risky. She encourages us to explore different ways to make money. This could be through side hustles, investments, or starting our own business. Let's take a look at how we can diversify our income!

Build a Supportive Network

According to Rodgers, we can't do it all alone. She stresses the importance of building a supportive network around us. This could be mentors, friends, or family who believe in our dreams and are ready to help us achieve them. So, let's start connecting with people who lift us up!

Take Control of Your Finances

In her book, Rodgers encourages us to take control of our finances. She believes that financial literacy is key to becoming a millionaire. So, let's dig into our finances, understand where our money is going, and make a plan to grow our wealth!

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