Finance guru David Bach, co-Founder of AE Wealth Management, talks women and money with Moneyish -- including the 17 questions everyone must ask themselves about their money.
Smart women finish rich.
That’s the mantra finance guru David Bach has been preaching for decades now. No, really, he wrote “Smart Women Finish Rich” roughly 20 years ago, and the best-selling book has now sold more than a million copies with an updated edition out this year, and he’s appeared on everything from The Oprah Winfrey Show to to CNBC. (Full disclosure: Bach was one of the inspirations for my first book, “Shoo, Jimmy Choo! The Modern Girl’s Guide to Spending Less & Saving More,” which published in 2010.)
The inspiration for his book was a woman close to his heart. “I learned about money from a woman, and that woman was my grandma Rose Bach,” he says. “My grandmother didn’t have a college education, was from Milwaukee, Wisconsin … and at 30 she had this moment where she realized what [she and her husband] were doing was not working,” he says. “She was afraid she would be poor all her life.”