We Should All Be Millionaires by Rachel Rodgers Summary

We Should All Be Millionaires is a guide for women, particularly those from marginalized groups, to dismantle financial barriers, rewrite money narratives, and build wealth through mindset shifts, strategic decisions, and actionable systems. Rodgers combines personal stories, societal critiques, and step-by-step plans to help readers increase income, set million-dollar boundaries, and create generational wealth.

This book targets women, BIPOC, and LGBTQIA+ individuals seeking financial freedom despite systemic obstacles. It’s ideal for entrepreneurs, underearners, or anyone tired of frugality-focused advice. Rodgers’ blunt, empowering approach resonates with those ready to confront internalized limiting beliefs and external inequities to build seven-figure businesses.

Yes—it’s a Wall Street Journal and USA Today bestseller with over 200,000 copies sold. Readers praise its unapologetic focus on systemic inequities, actionable frameworks (like million-dollar decisions), and relatable anecdotes. It’s particularly valuable for those seeking a wealth-building roadmap that prioritizes earning over penny-pinching.

Key concepts include:

• Million-dollar decisions: Prioritize high-impact choices over “broke-ass” habits.
• Money mindset: Rewire childhood narratives about scarcity and self-worth.
• Boundaries: Protect time/energy to focus on wealth-generating activities.
• Systems: Implement daily practices like “Money Church” to track finances.
  Rodgers argues societal systems—not personal failings—often block wealth for marginalized groups.

These are choices aligning with abundance, like hiring help, raising prices, or investing in quality tools. Contrasted with “broke-ass decisions” (e.g., undercharging, overworking), they reflect a shift from scarcity to strategic growth. Rodgers emphasizes: “What gets measured gets managed” when scaling income.

Rodgers critiques laws and societal norms historically denying wealth-building opportunities to women and people of color. She provides workarounds, like building a “million-dollar squad” for support and leveraging marketing strategies to bypass systemic barriers. The book rejects bootstrap rhetoric, acknowledging systemic hurdles while offering pragmatic solutions.

1. Audit money stories inherited from family/society.
2. Set non-negotiable financial boundaries (e.g., no unpaid labor).
3. Increase prices/services immediately, not after arbitrary milestones.
4. Create a “million-dollar vision” board with specific income/assets.
   Rodgers includes a 3-year plan to reach seven figures, emphasizing revenue over frugality.

As a Black woman, former attorney, and self-made millionaire, Rodgers blends legal insights, entrepreneurial experience, and candid storytelling. She addresses intersectional challenges—like racism and misogyny in finance—while sharing proven tactics from building her multi-million-dollar coaching company, Hello Seven.

Some critics argue the book oversimplifies wealth-building for those in extreme poverty or debt. Others note its focus on entrepreneurship may not apply to traditional employment. However, Rodgers counters by providing debt-management strategies and emphasizing incremental progress, regardless of starting point.

Unlike frugality-focused books, We Should All Be Millionaires prioritizes earning over cutting expenses. It uniquely addresses systemic barriers facing marginalized groups, rejecting “pull yourself up by bootstraps” narratives. Rodgers also integrates mindset work with tactical business growth strategies rarely combined in personal finance literature.

• “You deserve more than crumbs.”
• “Stop asking for permission to be wealthy.”
• “Money is a renewable resource.”
  These lines reinforce Rodgers’ themes of self-advocacy, abundance mindset, and rejecting scarcity-driven narratives about money.

With rising income inequality and AI disrupting traditional jobs, Rodgers’ emphasis on entrepreneurship and multiple income streams remains timely. The 2024 workbook edition addresses post-pandemic economic shifts, helping readers adapt strategies for gig economy dominance and digital business models.