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This book is an upper-class perspective that's accessible to the middle class (for the most part). No one who makes under $75,000 a year - which I believe she refers to as the median American income, although I was under the impression that was about $59,000 a year - is really considered. Mainly, this is high-powered white feminism in action. If you were raised with minimal financial literacy because your parents never expected you to have to earn an income, you will probably find it helpful.
Mostly, it focuses on building your net worth. If you're worried about how you're going to feed your kids next week, you earn minimum wage, or your budget is stretched to its gills to cover the basics, you'll find little that resonates with you in this book. Not because none of the advice is ever helpful, but because the perspective is SO out of touch for those raised in poverty.
I also can't take anyone seriously who categorically defines "good debt" and "bad debt" in the way she does. She never cautions against taking student loans (like when they might be a liability) or discusses how to navigate them at all, although she does go through the potential pitfalls of house-buying and mortgages (again, helpful if your parents never explained this stuff to you). I'm not saying it's a terrible book; I think it's actually quite nice for what it is. I like DailyWorth. I like Amanda. And I can see why this book might appeal to many. I actually enjoyed the part about building a business you can potentially sell instead of just freelancing. Her stories are lovely.
But I grew up going to food banks and never made more than $10,000 in a year until last year, in my late 20s. I have to take so much of the book with so large a grain of salt that it's difficult to actually stay focused. Really, Amanda, you realized in your twenties that you could save SO MUCH MONEY by moving from New York to Philadelphia, because Philly real estate was soooo cheap in comparison? ...Yes, different cities have different costs of living. You'd have to be raised very deep in a Manhattan bubble for this to ever surprise you. Never once does she acknowledge her privilege or talk about the realities of poverty, because she simply isn't familiar. Her examples often have half-million dollar homes, earn $10,000 a month, or otherwise are out of sync with many of us. She focuses on net worth, a valuable conversation for people who are living beyond their means and dealing with credit card debt brought on by unnecessary lifestyle choices. But a luxurious conversation for many. A little awareness would have helped me enjoy this book more - like a clear acknowledgement that it's focused on upper-class issues.
8 of 8 people found this review helpful
If you could sum up Worth It in three words, what would they be?
Roots and Wings
Who was your favorite character and why?
Amanda is my favorite character. I love her because she is so real, vulnerable and relatable. I love how she shares so many stories from her own life and experience and those of her mother as well. It feels like talking to a friend about her life, except that she is sharing ideas that can help us all.
What about Amanda Steinberg’s performance did you like?
I love it when authors read their own books. Hearing the author's own voice adds so much to the story!
Did you have an extreme reaction to this book? Did it make you laugh or cry?
There were a few times when it made me laugh, but the reaction I had most was a whole lot of "me too!" moments and several "wow, I never thought if it that way before!"
Any additional comments?
I have read a lot of books about personal finance and this is by far my favorite. I highly recommend it to all women who want to grow deeper financial roots and want to be able to spread their financial wings to fly farther!
4 of 4 people found this review helpful
This book is a enjoy to listen. Engaging, helpful, well narrated, addressed financial problems that would be reference for young girls never thought about taking care of money. will recommend.
Really inspiring book which motivates us women to take charge of our finances! Loved it!
not all relevant for Australians but is for all women. I have listened several times and looked on Amanda's website. All helpful
Great insights and educational tips on how to understand money, and how to 'reset' your approach to saving and spending.
I will be recommending this book to all of my girlfriends. Definitely worth it!