Just like a seedling for a tree will grow when planted and watered, the potential for a large, glorious tree already exists within the seed. It’s a Law of Nature. In the same way, your potential to create wealth already exists within you.
You’re Already a Wealth Heiress has been named to the list of “Best Wealth Books of All Time” by BookAuthority.
A Conversation with Linda P. Jones
Q: What inspired you to write You’re Already A Wealth Heiress?
A: I’ve always been fascinated by why some people are wealthy and others aren’t. At 10 years old I read Think and Grow Rich, trying to figure it out. It led me to a long Wall Street career working with investments and professional money managers. Along the way I started buying stocks and grew my portfolio to $2 million at age 39. Years later my husband passed away suddenly and I realized the decisions women will have to make on their own and how overwhelming it can be. I wanted to make it easier for women to feel confident with their finances and attain financial freedom.
Q: This book is specifically targeted toward women, how do you think men and women differ, or should differ, in their approach to personal finance?
A: Women are actually incredible investors, but many women are either not interested in financial matters, find it dry and boring, or prefer to delegate it to someone else. In my opinion, wealth building can be made more appealing to women than it has been by the financial world, which mostly caters to men. It can seem boring, like watching sports all day if you’re not a sports fan. Women need to have financial education delivered in a way that interests them. I felt it needed to be reinvented and have a feminine, elegant and luxurious feel to it. The actual steps to wealth building are universal, it’s all about how to make it more appealing to women.
Q: How is your book different from other financial guides out in the market today?
A: I show women how wealth is possible for them, no matter how much or how little money they are starting with and no matter what their age. It’s a step-by-step, easy to follow book, chock-full of inspirational stories of women who started with nothing and achieved success. I’m your personal wealth mentor making wealth building as easy as possible for you and the only financial expert I know of that created a “wealth checklist”, making it simple to check off things to do for wealth building. I’ve also included a Millionaire Action Plan (MAP), to show you how to overcome any obstacles you may face and still achieve financial freedom.
Q: What is one piece of advice you hope every reader takes away from the book?
A: Building wealth is not about living with less, or pinching pennies, or being restrictive. Rather, the smart way with money is to prioritize where you want to spend your money, automate your savings and create investments. Let your investments grow and compound your money – where money begets money and becomes more – so your money is working harder for you and you don’t have to work so hard, and every day you are closer to financial freedom.
Q: What is the most common misconception you find people have about personal finance?
A: There is a misconception that all you have to do is save and not spend money and you will magically end up wealthy. It’s simply not true, because most people cannot save enough money to become wealthy. You have to invest and grow it, so the money can compound and earn more for you. Wealth is a result of making the right choices and decisions. Two people making the same amount of money can end up in two very different places, depending on the choices they make.
Let me show you what I mean:
In this hypothetical example, two women each earned $40,000 per year, but made different choices with their money that lead them to a very different result.
Woman A saved 2.8% annually (the average savings rate in America) or $1120 per year, for a total of $33,600 saved over 30 years. Each year she put it in her bank account, earning 2% annually.
In 30 years, her money grew to $48,374.
Woman B saved and invested $5500 per year (maximum allowed if you are under age 50) in an Individual Retirement Account (IRA) which averaged a 10% return (the long-term historical return) in the stock market.
In 30 years, her money grew to $1,091,160.
To summarize, in 30 years, Woman A had $48,374 and Woman B had $1,091,160, yet they both earned $40,000 a year!
The conclusion is, it’s not about how much money you make, it’s about making the right choices, decisions and actions that determine whether or not you will achieve financial freedom.
HIGHLIGHTS OF THE WEALTH HEIRESS BOOK
- The 6 Steps to Wealth: How to become wealthy step-by-step
- A Wealth Checklist™ for easy reference of actions to take (and check-off) for financial freedom
- The Millionaire Action Plan (MAP)™ to become a millionaire, no matter what
- The Wealth Building Formula (McT)™, the 3 components you must have for wealth
- Success stories of women entrepreneurs that went from $0 to wealthy
- How to build wealth, no matter how much or how little money you are starting with, and whatever your age is
- How to overcome obstacles, like debt, loss, age, and past mistakes that keeping you from achieving your financial goals
You’re Already a Wealth Heiress shows you how.
Don’t take my word for it, see the great reviews from readers. Men love it too! Available at Amazon and bookstores.
