Book Review: Worth It – Your Life, Your Money, Your Terms

I’m a voracious learner and am always reading.  I probably read over 50 books per year.  I especially love reading about investing and money – especially with regards to women.  So when I found out about Amanda Steinberg’s book Worth It – Your Life, Your Money, Your Terms, I of course picked it up.

Steinberg is the founder and CEO of DailyWorth.com—a financial site for women with more than one million subscribers.  The book is about the relationship between women, self-worth, and money, and how women can view money as a source of personal power and freedom and live life on their terms.

The book is imminently readable, and I recommend it.  It’s particularly good for women who need to deal with their stories around money and their money mindset.  It’s also great in it’s focus on what’s really important: your net worth.  Creating true financial abundance is not just about how much you make or how much you spend, it’s about how you can grow your net worth.  Lastly, it provides a very doable means to budget and handle your money – something that’s very necessary since 70% of people can’t budget at all.  So all in all, Worth It is worth it.

HOWEVER… I have one big issue with this book that I have about most books about investing. When the book talks about investing it really only talks about the stock market.  When Steinberg suggests “diversifying” your portfolio, she talks about buying a mix of stocks and bonds depending on your age.

In my opinion that is not diverse at all.  When the market crashed in 2008, stocks AND bonds crashed.  People who were only invested in the market got seriously screwed.  Having all your investments in paper investments can put a person at serious risk.  To have truly diversified investments, it’s important to have other types of assets.

And in my honest opinion, there’s no better asset than cash flowing real estate.  It pays you cash every month, it provides many tax benefits (even though you make more money, you often pay less in taxes), and it won’t go bankrupt and disappear on you like a company whose stocks you own can.  It’s the best way to significantly grow your net worth.

As President Franklin D. Roosevelt said:

“Real estate cannot be lost or stolen, nor can it be carried away.  Purchased with common sense, paid for in full and managed with reasonable care, it is about the safest investment in the world.”

That was true when he said it back in the 1930s and it’s still true today.

Steinberg does talk about real estate in the book, but she generally only talks about real estate in the context of buying your own home.  For those who have read Robert Kiyosaki’s Rich Dad, Poor Dad and understand the true difference between assets and liabilities, you’ll understand that, regardless of what the bank says, your own home is not an asset.  An asset is something that pays you back.  A home is something that you pay to live in.

Generally real estate will appreciate over time so when you sell your home, chances are you’ll have made some money on it.  In the meantime though, every month your home results in a net loss of money.  So unless you do something like rent out parts of your home through AirBnB or you purchase a multi-unit property where you live in one unit and rent out the others, your home is not an asset.

Steinberg does understand that your home is not a great investment, and counsels women to think really seriously before investing a hunk of cash in your own home.   She also gives the similar counsel about flipping houses (something that is quite speculative and is very different from buy and hold investing of cash-flowing property).

Worth It does not otherwise talk at all about real estate investment (investing in real estate, not to live in but for a financial return) and the many ways it can help women create real wealth, financial stability and abundance in their lives.  For me, leaving out this major pillar of wealth building is a serious failing of the book.  Like I said, this is not limited to Worth It.  It’s a major failing of pretty much every book for women about money.

This is why I’ve written – The Real Estate Investor Goddess’ Handbook – Everything You Need to Know to Get Started Real Estate Investing Like a Goddess.  It’s a book that explains the why and how of real estate investment for women.  It’s coming out at the end of this month, and I’m very excited to share it with you.  Want to find out more and be first on the list to get the book with all the great free launch bonuses? If so, sign up here.


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 Monick Halm is the co-founder of Real Estate Investor Goddesses.  She is a real estate investor with over 12 years of investing experience in single family, multi-family, mobile home parks, flipping, and syndication. She is also a certified interior designer, Feng Shui expert, bestselling author, speaker, certified NLP and Money Mastery coach, and attorney.  Monick is passionate about real estate, design, and helping women to thrive.