Welcome back to The Alaroro Shopaholic – a blog dedicated to helping you Afford Your Life and Lifestyle as a Nigerian Woman. Today, we’re talking books a.k.a life manuals and I’ll be reviewing a book I read recently. Sit tight and enjoy…
Name: The Smart Money Woman
Author: Arese Ugwu (of life and destiny!)
Price: $9.99 on Amazon/iBooks (e-copy)
General: The cover is so dope! A design by Peniel Enchill, you gotta love that babe! Slaying us all with the goodness and goddessness of the Black Woman! Yasss. The book itself is broken into chapters, with the writer discussing the learnings in each chapter in Smart Money Lessons and Exercises for the reader to carry out.
I (read: the lover) bought this on Amazon for $9.99 but the charge was $10.81 – WHY AMAZON?! WHY? I do not have the kindle app and I was really depressed after I bought it, because it took a while for me to be able to read it. I finally downloaded the Kindle app on my computer and I could only read it when I was not working.
So, whats’s this book about? This book is a work of fiction about Zuri, a fictional 28 year old Nigerian Woman who was living the life: earned 600k a month after taxes, serviced apartment in Lekki 1, driving a Mercedes (second hand or not)! Zuri was the ol gee! Guess what, baby girl was flat broke. As per, last card – check up broke! This book takes us on Zuri’s journey to being a Smart Money Woman. No, I will not be giving more details – get it and read it.
Who is the Smart Money Woman? Arese describes this woman as the woman we should all aspire to be, financially! She is s a woman whose hustle has purpose and has learnt to make money, keep money and grow money. Zuri was not this woman as we see, but we journeyed with her as she went from confused to certain.
The simple law of 70% – Living Expenses + 20% – Long Term Goals + 10% STG is achievable! Or, you can read this post on other money plans that can suit your lifestyle, like Angelina Jolie’s below.
Things to Note:
It may appear like you can not relate – You’ve never been that rich, so you can never be that broke. This is a lie from the deepest pits. Even if you earn 10% of Zuri’s current income, financial mismanagement can still be your biggest problem.
So, maybe you’re not Zuri, maybe you’re Ladun or Sewa or Tami? Whoever you are, whichever character you relate to. You can apply the changes that Zuri made to her life. Yes, you can.
Tips for reading this book
- Buy the hard copy. I bought the ebook because i thought I was saving money, L O L. Amazon flipped the script on me and I ended up paying nearly the same amount as the hard copy costs. *sigh* Not every time alaroro, some times have sense.
- Buy a notebook. I wish Arese would create a Smart Money Workbook to enable us write in, but in the absence of crocodile get your lizard. Make sure you answer every question in all the exercises. Trust me, your financial enlightenment will be on fleek!
- Implement: Imagine gleaning all the learnings from this book and returning it to your shelf?! Fa fa fa… FOUL! Start a support group, if you need to. Have an accountability partner. Find a mentor for your finances. Hit Arese up. Trust me, she responds to mails and messages.
- Pay It Forward: Pass this book on. If you are building wealth and your friends aren’t, just imagine all the drama that will ensue. If possible, make it a task for your group of friends to complete. Read the book together, be honest in your answers.
Key takeaway for me:
Wealthy people use debt as a tool to leverage their investments and grow their cash flow, but poor people use debt to buy things that make rich people richer.
Ugwu, Arese. The Smart Money Woman (Kindle Locations 942-943). Matador. Kindle Edition.
So, tell me. Have you read this book? Will you read this book? If you have read it, what was your key takeaway? Let’s talk.
Wishing you knowledge, strength and wisdom to build wealth,