We Should All Be Millionaires

About the Author

Rachel Rodgers, the author of We Should All Be Millionaires, is a trailblazing entrepreneur who has dedicated her career to empowering women, especially those from marginalized communities, to reclaim their financial power. With a background as an intellectual property attorney, Rodgers built her own path to wealth and success, founding Hello Seven, a multi-million-dollar coaching company aimed at helping women achieve financial independence and success. Her story is not just one of personal triumph but also one of social change. Through her work, she challenges the deeply ingrained societal norms that have historically limited women’s access to wealth and autonomy.

Rodgers is passionate about dismantling the stereotypes and systemic barriers that have kept women from achieving financial freedom. Her work is not only a testament to her own success but also a powerful blueprint for other women to follow. Her message is clear: women, particularly women of color, have the right and the ability to become millionaires, and it’s time they started acting on that potential.

Main Idea

In We Should All Be Millionaires, Rachel Rodgers argues that society has long perpetuated disempowering stereotypes about women and money, which has kept them from achieving financial success. Rodgers rejects the traditional advice that encourages women to work harder or live more frugally. Instead, she advocates for a fundamental shift in how women think about money, urging them to reclaim their time, energy, and self-worth to achieve financial confidence, grow their wealth, and ultimately live with more freedom and autonomy.

Rodgers’ main thesis is that women should not settle for less than what they deserve. She emphasizes that it’s not just about earning more money, but about changing the entire approach to wealth-building. By following her strategies, women can overcome societal limitations, challenge their own limiting beliefs, and create a life where they not only survive but thrive as millionaires.

Table of Contents

1. Transform Your Mindset About Money
2. Maximize Your Time and Energy To Make More Money
3. Recognize Your Value and Increase Your Wealth

Transform Your Mindset About Money

Understanding the Historical Context

Rodgers begins by highlighting the historical context that has shaped women’s relationship with money. For most of American history, women were systematically excluded from economic power. It wasn’t until the mid-1970s that women could even open their own bank accounts without a male co-signer. This legal and societal oppression has left a deep imprint on how women perceive their financial capabilities today. Rodgers states:

“For most of American history, the government has prevented women from gaining economic power. In the United States, women have only been financially independent for half a century.” – Rachel Rodgers

This historical exclusion has led to a deep-seated belief in many women that they are not capable of handling or growing wealth. Society and media have further perpetuated this by teaching women to be cautious with money, while men are encouraged to take risks and be bold. This gendered conditioning results in women underselling themselves and doubting their financial abilities, leading to a cycle of financial disempowerment.

Reframe Your Limiting Thoughts

Rodgers emphasizes the importance of reframing limiting beliefs about money. She argues that thoughts inform actions, and to take positive steps toward earning more, women must start thinking more positively and empowering themselves regarding money. Many women, Rodgers explains, have internalized the belief that they cannot make more money or that making money requires immense sacrifice and hardship. These limiting beliefs hold them back from pursuing new opportunities and strategies to increase their wealth.

She offers a simple yet powerful process to transform these negative thoughts: