Title: Worth It: Your Life, Your Money, Your Terms

Author: Amanda Steinberg

Pages: 288 (Hardback)

Publisher: North Star Way, imprint of Simon & Schuster, Inc

Publishing Date: 7 February 2017

Genre: Non-Fiction, Business & Investing

Ms Steinberg begins this book by sharing some statistics on numbers showing the pay gap between men and women in the USA.  It is estimated that women currently control 50 percent or USD 14 trillion of personal wealth in the US and are expected to control USD 22 trillion by 2020.

Shocking? I  know.

But what is even more shocking is the way that women are not taking full advantage of this influential position to make evern greater global impact.

In light of this and other statistics, Amanda Steinberg was motivated to invest in women. We journey with her through her own life and her relationship with money.  Being a serial entrepreneur, she was eventually moved to create personal finance website, Daily Worth to help fellow women address their biggest money issues: having financial safety nets, financial literacy, life investments and being a classic underearner.

At the heart of her book, Amanda focuses on the importance of understanding one’s money story -one’s unconscious beliefs about money-how you should earn it, what it means to want it and what it means to have a lot or a little.  For Amanda, she believes that the root of all our money problems is using not adapting  our personal narrative to the different stages of our lives:

I had been following the personal narrative I’d written in adolescence but I hadn’t edited it for adulthood. I hadn’t listened when my inner wisdom was cueing me to shift focus, to re-engineer the arc of my story to form a bridge to authentic freedom-not a slide to self-destruction.

Having a particular story or money memory will influence how you handle money as an adult. In Ms Steinberg’s case, her parents’ divorce as a child and her mother’s struggle to keep her and her siblings afloat made her serial entrepreneur and inspired her to support women struggling with personal finance issues.  Hence, being in touch with your money story will enable you to understand your self-worth and propel you to achieve financial independence and build your net worth.

From her experience, she has seen a lot of women allowing other people to handle one’s money that leaves them in a vulnerable position and they end up in a money coma. Amanda says:

…Your freedom and “sovereignity”, your dreams and security are in the balance, Lulling you into a deep daze, your money coma makes it seem totally okay to drop out of the game. It’s not when you’re in that daze, you’re going to make decisions that do not prioritise your highest good, They are going to come from a place of fear, desperation or plain unconsciousness. Plus, staying in a money coma does not protect us. It leaves us vulnerable.

To snap out of money coma, women will have to educate themselves on money issues,  be willing to live way below their means but not shy away from negotiating her salaries and wages. In addition, they will have to save enough in the emergency funds and carefully consider their “root” life investments such as  businesses and mortgages

Honestly, it has been a quite a while since I have taken copious notes from a  personal finance/self-help book. I enjoyed her anecdotes when she made the case for the different investing options especially her unconventional thoughts on home ownership.  Steinberg addresses pertinent issues without bogging down the reader with heavy technical terms. Though, this book is basically geared to a US-based audience since she stresses the importance of retirement accounts like 401 (k)  but one can basically it adapt it to one’s national situation.

This  book would be a great read for women who need a mental shift in personal finances. You might also enjoy this previous article on making personal finances work in your 20s


Note: This book was received from Netgalley in exchange for an honest review. Book cover is also from 

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