Make Money Move
A Guide to Financial Wellness
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4.0 • 5 Ratings
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- $9.99
Publisher Description
The popular host of the Money Moves podcast and youngest person ever to trade on the New York Stock Exchange provides winning tips for women to help them shift their financial mindset, become confident about their money, set them on a path to financial security, and live their best lives.
“Seventy three percent of Americans ranked their finances as the number one cause of stress in their lives. But financial wellness can have a positive effect on your entire life. Not only when it comes to money and finances, but the quality and ease of how you live. Financial wellness means freedom for your body and freedom for your mind. Financial stress can also cause the breakdown of relationships. But it doesn’t have to be that way.”—Lauren Simmons
In 2017, when she was only twenty-two, Lauren Simmons became the youngest full-time female trader at the New York Stock Exchange, and the second African American woman in the Exchange's 228-year history to hold such a position. Driven by a passion for empowering women, Millennials, Gen Zs, and minorities to become more financially savvy, she now shares her experience and knowledge in this savvy financial guide.
Simmons brings a fresh perspective to personal finance: she is a young African American woman with an understanding of how to increase wealth and an awareness of generational and cultural barriers—such an income inequity—that can hold people back from taking financial risks. In her warm, down-to-earth voice, Simmons makes confusing topics easy to understand. She breaks down the pros and cons of buying stocks and Treasuries, explains how to maximize your 401K opportunities even in challenging economic times, advises how to grapple with student loans, and helps you break family cycles when dealing (or not) with debt.
Simmons helps a new generation and others who have been overlooked learn how to take care of their money—so their money can take care of them, today and tomorrow.
PUBLISHERS WEEKLY
Money Moves podcaster Simmons debuts with a slight primer on personal finance. An adequate overview of investing options explains mutual funds, ETFs, 401(k)s, and IRAs, but Simmons doesn't discuss how readers might use these options to build a portfolio. The guidance is light on practicality and heavy on affirmations; for instance, the career advice encourages readers to "remember that you have choices and leverage," but doesn't specify how to use that leverage. Other suggestions are obvious, as when Simmons emphasizes the importance of regularly monitoring one's checking account and urges aspiring entrepreneurs to "pay your taxes." The few usable pieces of wisdom are unoriginal, such as the oft-cited recommendation to adhere to the "50:30:20 rule," which encourages devoting 50% of one's income to necessary expenses, 30% to leisure, and saving the remaining 20%. This is aimed at true novices ("Think of the stock market as a grocery store"), but even they will be let down by the platitudes ("You have to believe, dream, and then get to work") and surprising reliance on superstition, as when homebuyers are advised to "ask for a sign" to be "reassured you are on the right path." Simmons's upbeat attitude doesn't compensate for the thin advice.
Customer Reviews
Breaking down barriers!
I love how Lauren helps breaks down the world of finance in basic, simple to understand terms. This book reads somewhat like part biography part novel. Her personal stories are very helpful in understanding the concepts she is teaching the reader. This embodies “If you can see her, you can be her!”
Easy, insightful book
I saw your post on LinkedIn and quickly rushed to sample your book.
If you are stuck in your personal or professional development, please read this book. Lauren does a great job at making the information super easy to digest and even shares a few To Do lists to help guide your journey. I’m only 25% through this book and couldn’t wait until finishing to write this review.