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 topic—managing 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 Online, U.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 http://www.ManageYourFinancialLife.com.
Manage Your Financial Life: A Thoughtful,
Organized Approach for Women, is a debut book by Nancy Doyle (available
on Amazon.com and BarnesandNoble.com) and
addresses a common problem for many women ̶ their
financial lives have become increasingly complex.
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