Smart Mom, Rich Mom
How to Build Wealth While Raising a Family
Author: Kimberly Palmer
Pub Date: June 2016
Print Edition: $14.95
Print ISBN: 9780814436806
Page Count: 256
Format: Paper or Softback
e-Book ISBN: 9780814436813
Buy the book:
SMART MOM, RICH MOM
How to Build Wealth While Raising a Family
For many women, life’s greatest source of financial stresses comes with motherhood. While struggling to keep up with all the new expenses, from diapers and baby food to child care, moms feel the pressure to save for big future goals, like college tuition, and provide a cushion for unexpected events, like a layoff or illness. Then, there are those tough money-and-work related questions: How much time should I take off after my baby is born? Can I afford an unpaid maternity leave? Will I be able to commit the same ambition to my career with a kid? What if I want to work from home or part-time?
In SMART MOM, RICH MOM: How to Build Wealth While Raising a Family (AMACOM 2016), Kimberly Palmer, formerly the senior money editor at US News & World Report, and mother of two, helps every mom make choices that lead to financial security and a richer life. Drawing on interviews with dozens of moms—married and single; young and older; teachers, nurses, lawyers, freelance writers, entrepreneurs, and financial professionals among them—who, regardless of their income or saving level, excel at managing their own money, Palmer explores the specific life, work, and money challenges moms face and how to handle them with confidence.
“It’s time for us moms to have as much targeted guidance on building wealth as we receive on dropping that so-called baby weight, reducing wrinkles, or saving $10 on our next bulk order of laundry detergent,” Palmer declares. “Our experience with life and money is different from that our fathers, brothers, sons, and husbands, and it’s just as important. From the perspective of our children, it’s possibly even more important, since we’re the ones calling the money shots most of the time. So much of our children’s well-being, financial and otherwise, depends on us.”
Grounded in real-life experiences and paved with action steps, SMART MOM, RICH MOM walks moms through preparing financially for parenthood (even if they already have a couple of kids) and continuing to manage their money wisely as their little ones—and their nest egg—grow. Every mom will discover how to:
• Spend and save smarter, by approaching spending with an attitude of frugal luxury, whether it’s a weeknight dinner or annual vacation, and negotiating for discounts on everything from clothes to health insurance.
• Think like a boss, regardless of whether she follows a traditional full-time worker path or an alternative route, such as part-time work or launching a business, and get the flexibility and income she needs.
• Embrace investing, with a priority on minimizing fees, receiving the maximum tax breaks, and saving for her own retirement first (even if it means saving less for her children’s college tuition).
• Plan ahead for crises and the almost-certainty that she’ll be managing her money on her own one day (due to divorce or widowhood), starting by getting her papers in order and providing her family with the protection of life insurance and a will.
• Model good financial behavior and teach her kids sound financial habits and values, from a very young age…and much more.
Throughout, Kimberly Palmer arms moms with other moms’ trusted strategies and tips, plus her own expertise and arsenal of checklists, templates, and other planning tools. With SMART MOM, RICH MOM in her corner, every hardworking mom will break free from nagging money worries, improve her own spending and saving habits, and, best of all, gain more enjoyment from motherhood.
About the Author
KIMBERLY PALMER is also the author of The Economy of You: Discover Your Inner Entrepreneur and Recession-Proof Your Life (AMACOM 2014). She was the senior money editor at US News & World Report for nine years. She is an adjunct professor at American University, where she teaches a course on mastering social media. She has appeared on NBC’s Today, CNBC, and CNN. She lives with her family, including two children, in the Washington, D.C., area. You can find her at kimberly-palmer.com.
Search the full text of this book
Search Full Text of
For single copy purchases of any AMACOM title, you can connect directly to the online retailer of your choice, from the list below, to buy the title you have selected. Most of our links will take you directly to that title on the site, making your shopping experience easier. You can also visit your local retailer, and if the book is not on their shelves they can special order it for you.
Retailers: Please contact us to change or add a listing.
Buying in Bulk?
We have very competitive discounts starting at 5 copies, as well as personal service, for bulk orders. Simply contact our Special Sales Department. Call 800-250-5308 or 212-903-8420 and ask for Special Sales. You can also email: SpecSlsWeb@amanet.org