Monday, April 24, 2017

Book Nook: Manage Your Financial Life - A Thoughtful, Organized Approach for Women

We're nearing the end of tax season, which is the perfect time to take stock of your financial health. I recently had a chance to read a book that is targeted towards helping women do just that: Manage Your Financial Life - A Thoughtful, Organized Approach for Women

Written by Nancy Doyle, MBA, the book is a very straightforward way to address financial management issues. It cuts through all the noise and focuses on issues that affect many women. She boils it down to four steps: get organized, analyze your financial profile, education yourself about investing, and invest your money.

I had a chance to interview Nancy to learn more.

Why did you decided to write this book?
I’ve worked in finance and investing for 30 years. Many women have reached out with questions—how to manage their financial affairs and how to learn about finance and investing. I am passionate about financial literacy for women. My book addresses an unmet need; it is a comprehensive, easy-to-understand guide that enables women to manage all aspects of their financial lives more successfully.

What sets it apart from other financial books?
Manage Your Financial Life is unique. There is no other book like it. Over the years, many women have asked me for recommendations about recourses that will help them be more knowledgeable about managing their financial affairs. I looked around and frankly I could not find resources that I considered truly comprehensive, easy to understand, and independent and objective. Some may only deal with one topicmanaging your debt, developing a budget, saving for retirement. Also some authors are not independent and objective. They may aligned with financial services firms, selling products, or looking for new clients. I don’t work for any financial services firms. I am not selling products, nor am I looking to attract clients.

What are some unique needs that women have when it comes to their finances?
Traditionally most women have not been actively involved in managing family finances, yet they should be. There are important demographic trends. We all know women tend to live longer, and more go women are living alone for a number of reasons. There are also important socioeconomic trends. Many women go through transitions that have a financial impact. —homeownership, parenthood, starting a business, divorce, widowhood. The number of wealthy women in the US is growing faster than the number of wealthy men. Behavior finance studies have shown women are great investors; they take their time and tend to be more disciplined.

For women whose husbands manage most of the budget, how can they become more involved?
Whether single or with a partner, getting organized is an important first step. If you have a partner, being organized allows you to work together better. You both need to be up-to-date and on the same page. If you are organized, you are able to take a comprehensive view of your finances. Taking a comprehensive view is essential. Studies also show that working together with your partner, you will likely make better decisions and be more successful than working on your own.

Nancy Doyle brings an objective and straightforward perspective on managing finances. Founder of The Doyle Group, she has 30 years of experience in wealth management, finance, investments, and consulting. When it comes to money, Doyle believes independence and objectivity are essential. She neither works for nor has partnered with any financial services firms. Doyle's insights have been featured in Reader's Digest OnlineU.S. News & World Report and other publications. A graduate of Georgetown University, Doyle received her MBA from the University of Michigan's Ross School of Business, and holds the Chartered Financial Analyst®(CFA®) designation. Doyle, her husband, and their children live near Chicago. For more information, please visit
Manage Your Financial Life: A Thoughtful, Organized Approach for Women, is a debut book by Nancy Doyle (available on and and addresses a common problem for many women   ̶  their financial lives have become increasingly complex.

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