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Smart Mom, Rich Mom

How to Build Wealth While Raising a Family

Audiobook
1 of 1 copy available
1 of 1 copy available

Of all life's financial shocks, few compare to bringing home an infant. Just one tiny person costs $250,000 to raise—not including college! How will you pay for it? That agonizing question fuels mothers' choices about their careers, budgets, and families. Some lean in, some scale back or seek new opportunities—there are no easy answers, but lots of rewarding possibilities.

Smart Mom, Rich Mom explores how women today are navigating the financially challenging career/parenting years. Written by a national money columnist and mom of two, the book chronicles people who have stayed in the game—full time, freelance, self-employed, and more—and emerged more prosperous and empowered. Smart Mom, Rich Mom mines their experiences to uncover both career advice and spending and savings strategies that everyone can use. Stories, checklists, action steps, planning tools, and more explain how to

prepare financially for parenthood—whether you're expecting your first child or your third;balance thrift with generating income and investing wisely;find flexibility at work while safeguarding your earning potential—save for both college and retirement despite increased expenses; plan for unexpected events, like a layoff or illness;and much more.

Kids change our lives, adding joy but draining bank accounts. Smart Mom, Rich Mom helps you adopt healthy habits—and make hard decisions—that pay off in abundance.

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    • Publisher's Weekly

      Starred review from June 13, 2016
      There's a desperately needed dose of practical feminism in Palmer's (The Economy of You) excellent book, which targets middle-class women in their childbearing years, an often neglected audience for financial advice. Without insulting her readers' intelligence, Palmer pitches her advice at a basic level for women who may not have had previous guidance in developing financial-management skills. Her approach is creative and lifelong, advising readers who take time off to care for young children or aging parents to lobby for the flexible work hours and tasks they need, become entrepreneurs, or maintain their skills and contacts through freelance gigs, volunteering, or blogging. Beyond offering the same advice to women that men have been getting for decades, Palmer takes a family-oriented approach that includes ideas such as planning to have babies during more flexible periods of employment and choosing gender-neutral baby clothing for easier reuse. She urges modeling good money habits for daughters as well as sons and includes a dozen detailed "talking points" for building financial literacy with one's kids. This invaluable resource does much more than fill a niche; it bridges a huge gap. Agent: Melissa Sarver White, Folio Literary Management.

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  • OverDrive Listen audiobook

Languages

  • English

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