Rich Bitch: A Simple 12-Step Plan for Getting Your Financial Life Together...Finally

Rich Bitch: A Simple 12-Step Plan for Getting Your Financial Life Together...Finally

by Nicole Lapin


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In this New York Times bestseller, journalist and financial expert Nicole Lapin shows women how to take charge of their lives by taking charge of their money

“You might not know this but stressing over money can harm your overall health. Let Nicole be the doctor for your financial health and you will feel better in more ways than you’d think.”

—Dr. Oz, host of the “Dr. Oz Show”, and Lisa Oz, host of the “Lisa Oz Show”

Do your eyes glaze over just thinking about the mumbo-jumbo language of finance? Do you break out into hives when faced with getting your financial life together? Well, sister, you are not alone.

In Rich Bitch, money expert and financial journalist Nicole Lapin lays out a 12-Step Plan in which she shares her experiences—mistakes and all—of getting her own finances in order. She talks to you not like a lecturer but as your friend. And even though money is typically an “off-limits” conversation, nothing is off-limits here.

Lapin rethinks every piece of financial “wisdom” you’ve ever heard and puts her own fresh, modern, sassy spin on it. Sure, there are some hard-and-fast rules about finance, but when it comes to your money, the only person who can tell you how to spend it is you. Should you invest in a 401(k)? Maybe not. Should you splurge on that morning latte? Likely yes. Instead of focusing on nickel-and-diming yourself, Nicole’s advice focuses on investing in yourself so you don’t have to stress over the little things.

Rich Bitch rehabs whatever bad money habits you might have and provides a plan you can not only sustain, but also thrive on. You won’t feel deprived but rather inspired to go after the rich life you deserve, and confident enough to call yourself a rich bitch.

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Product Details

ISBN-13: 9780062998866
Publisher: HarperCollins Publishers
Publication date: 11/05/2019
Pages: 400
Sales rank: 123,926
Product dimensions: 5.20(w) x 7.90(h) x 1.10(d)

About the Author

NICOLE LAPIN is a finance expert you don’t need a dictionary to understand. She got her start in finance at age 18, reporting from the floor of the Chicago Mercantile Exchange for First Business Network. She went on to become the youngest anchor ever at CNN and then to claim the same title at CNBC, where she anchored the only global finance show on the network, “Worldwide Exchange,” while contributing financial reports to MSNBC and “Today.” Lapin has also served as a business anchor and special correspondent for Bloomberg Television. She is the money saving correspondent for “The Wendy Williams Show” and reports on the business of Hollywood for “The Insider.” She is also the creator and host of the AOL Originals show, “I’ll Never Forget My First,” where she interviews influential women about the first time they knew they made it. She is the host and judge of the CW original show “Hatched,” a retail invention competition show, which airs on Saturday mornings at 11:00am ET/PT, and was recently named as GoBankingRate's 2015 Money Idol. Lapin has earned the Accredited Investment Fiduciary (AIF®) certification. She graduated summa cum laude and as the valedictorian of her class at Northwestern University’s Medill School of Journalism.

Read an Excerpt



Embrace the Rich Bitch Attitude Every single story goes back to money. I learned that being in the news world for so long. If you want to get to the heart of any story, you just have to follow the money trail. So, let's follow the money trail of your life. Yes, that will take us through the nuts and bolts of hard-core personal finance. Of course. But it also means going down paths of topics like shacking up and taking care of yourself. "Wait, say what, Lapin? Those aren't money issues," you might be thinking. Well, sure, they're just topics about men and wellness at first blush, but they are absolutely money topics, too. Actually, to me, those are the best kinds of money stories because you don't feel like you are talking about money. And that's how I like to talk about money: in a sneak-attack way, like mixing spinach into a chocolate brownie. You don't taste it, but you still get the nutrition.

Throughout our adventure together, don't forget why we are following the money trail. We want to get to the heart of your life story, the one you have lived so far and the one you'll continue to write. So I will do a lot of storytelling: my money stories, your money stories, the ones that we can all relate to and link us all.

It's that simple: financial lessons are more easily digested through brownies and story time. Who said learning had to be boring? So here we go. It's time to learn everything about money that you need to know but don't—or think you know but don't.

Now, before we start, let me make a confession: I wasn't always this confident.


Looking back, I wish I could talk to my younger self, whom I would have told that some guy shouldn't be the motive for coming out from behind her cowardly smile and nod. I would have told her to figure out that the Journal means the Wall Street Journal. I would have told her that Helen Thomas probably would have respected her more if she had just asked what shorting the market was instead of acting like she knew that it meant you were betting that the market would go down.

Tell yourself earlier than I did that it's enough already. You need to learn the language of money—and don't think you don't because you aren't on TV talking about it. Money speak comes up in all aspects of life: from jobs to social situations to relationships. So the sooner you can understand and speak it, the sooner you'll be able to accomplish what you want to accomplish and the sooner you'll be able to live the life you want to live—that's what being a Rich Bitch is all about.


Let me be clear. Being a Rich Bitch is good. (Rich Bitches are the good kinda bitches, like Glenda in The Wizard of Oz, not the bad bitches like the Wicked Witch of the West.) It's about empowerment. It's about taking control.

Being a Rich Bitch means going after what you want in life by getting the financial part in order. Because let's be honest: you need money to live the life you want. And that's what this book is going to help you do. You're going to set your goals, and then together we're going to figure out how to achieve them. My mission is to make you so inancially it that you're conident to call yourself a Rich Bitch.

A Rich Bitch has the self-awareness to know exactly what she wants from her life—whether it's buying a house, chasing her dream career, having three kids or none—and she is fluent in the language of money that is the key to achieving those goals. The dirty little secret is that at some point in our lives, we're all scared when it comes to money. You're not the only one. I am proud to admit that I've been in your shoes. And I am proud to talk honestly about my setbacks along the way, because I made it through a very bumpy journey. And you can, too. I promise each and every one of you aspiring Rich Bitches, I've got your back. I'm going to tell you exactly what you need to know, straight-up without any jargon. Rich Bitch is your Rosetta Stone for finance.

I didn't work at a bank or get my MBA, and I'm not going to pretend like I did. I just figured it out the hard way. This book is everything I have learned about money, warts and all.

Just to warn you: I'm going to admit to some embarrassing stuff in this book, so feel free to laugh at me; in fact, I want you to. I want you to be able to smile when you think about money issues. So if I have to be teased for my personal and financial foibles, I'm happy to take one for the team, as long as you remember one thing: learning about the financial world is not as bad as it seems, and once you learn the language I'm about to teach you, you will be able to join conversations I couldn't back in the day. It's only then that you will no longer feel left out. It's only then that you will feel truly empowered.

Let's get one more thing straight before we begin: you're not going to read this and then all of a sudden make a million bucks. This isn't financial boot camp. It's a sustainable financial diet, one that encourages small indulgences to keep you from binging later on. I wish there were a magic potion but, as we've all seen from those protein or grapefruit or master cleanse diets, the extreme short-term diet ultimately just keeps us in terrible shape. And when you don't get a six-pack after a day, what happens next? You quit because you feel like a failure.

And we are in it to win it, bitches.


I like using steps for anything I try to accomplish, especially in the realm of money stuf, because it prevents you from having an anxiety attack when you don't accomplish everything all in one day. Like with learning any new skill, things need to be broken down into steps so that you're doing one thing at a time. When I did my taxes for the irst time, I didn't set aside one day to do them. I set aside an entire month. Day one: uncrinkle my receipts. That was it. Success! If I had told myself I needed to sit down and do all my taxes and not get up until they were done, I would have panicked and found myself on the couch with a pint of Haagen-Dazs, taxes incomplete. This is not going to happen to you on my watch. Baby steps, baby. And the first one, affectionately borrowed from our friends at other 12-step recovery programs, is, all together now: ADMIT YOU HAVE A MONEY PROBLEM.

There, we've said it. You have a problem. I had a problem. We've all got problems and this is just one of them. Maybe it's a HUGE problem for you right now, but it's one that I can help you cross off your list. And now, with feeling: I HAVE A MONEY PROBLEM.

Okay, phew. Step 1: done and done! Now let's move on.


I'm not going to start telling you how perfect you need to be with your money, how you should start clipping coupons and stop buying your latte, how saving for retirement should be your main goal and how you've been doing it all wrong. What made me fall in love with talking about money and figuring out how it worked wasn't about what would happen to me in fifty years. It was about what was happening right then. It was being disappointed in myself for not being able to join basic money conversations and interactions, not being able to fit in (which I realized later wasn't always the right thing, but a normal desire, nonetheless).

It wasn't just the fear of being weird or awkward that motivated me to understand money. It was also fear of the debt I found myself in and all of the things I wanted—a dinner out tonight, a car soon, a house someday, maybe even a child—that I saw no way to afford. I was afraid of the path I was on. I needed to talk to someone about how to get on the right track.

Still, the more I finally started to want to have these conversations, the more I realized that no one really wanted to have them with me. Let's face it. Women will talk about anything—from blow jobs to diarrhea—before we will talk about money, even with our close friends. We will share the number on our bathroom scale before the number on our pay stub. Try it as a social experiment. Ask people both. They will address the weight one first, albeit reluctantly, then hem and haw over the salary one. Would you do the same? Be honest. Back then, I would have, too. Now it's time to put my money where my mouth is.

It's easy to get in trouble with your finances. Every time you turn around, there's some ad telling you what you really need to have. And I'm not saying you shouldn't spend—it's your life to enjoy, and, yes, even indulge when it's appropriate—but to do that, you need to know what you're doing with your money. It's why you picked up this book.

Yes, breaking news: here is a inancial expert who doesn't tell you you're stupid if you don't make your own coffee in the morning. Financial health isn't about deprivation. That's not a ticket to knowledge or power. It's a scare tactic that makes you feel bad about yourself and keeps you out of the money conversation. It doesn't need to be that way.

Money lingo is actually not that tough to learn. I know it's meant to sound complicated and make outsiders feel all intimidated and, thus, not want to talk about it. You might be thinking, "All those numbers and math, shoot me now!" But, I pinkie swear, the math part is easy. It's the humanities part of money that's tricky. Money is cultural. It's filled with conflict. And in the end, it's about character. Your character.

Most of us value honesty when it comes to character. When it comes to money, you have to be open and honest with yourself, too. It's like cheating on a workout. You're only cheating yourself, and you'll never lose weight. A quick ix here and now will not solve the problem in the long run.

I've always said the best diet is the one where you only eat looking at yourself naked in a mirror. Will you eat the chocolate cake then? Same goes for money: look at the real version of yourself. Once you've looked into the financial mirror, would you rack up ive grand in clothing debt? Didn't think so.

So let's get naked.


Conventional wisdom: Finance is complicated and difficult. You need experts to talk to you about things you don't understand, because this is all over your head.

False. You can do this! Everything you need to know and do to take control of your financial life is right here in this book. Yes, there will be times when it is wise to seek out expert advice, but you can be the chief financial officer (CFO) of YOU. In fact, you're perfect for the job.

Conventional wisdom: Money is about math, and, if you can't do math, you're screwed.

The truth is that when it comes to personal finance, any third grader can do the math. What truly matters is knowing how you want to live—and then translating that knowledge into smart, swift and strategic financial action. That's right: it's not about math. It's about you. Who you are and who you want to be. Put another way, how you handle money is an expression of your character.

Conventional wisdom: You have to change your bad financial habits all at once.

Hardly. We're going to conquer 12 steps to getting your financial shit together in this book, one at a time. This isn't a crash diet. It's a sustainable long-term plan to get you where you want to be. And as with any sensible diet program, don't beat yourself up if you slip—just pick yourself up and keep moving forward, your eyes focused straight ahead at the fabulous life that will someday be yours.

Oh, and BTW: This isn't meant to be school. Still, a little review never hurts, and so at the end of each step, I'm going to debunk some of what you might think of as financial advice. Ideally it serves as a chance for you to rethink conventional financial wisdom—and begin to think for yourself.

Table of Contents

Intro ix

Step 1 Stop Smiling and Nodding: Embrace the Rich Bitch Attitude xii

Step 2 Hello, It's a Marathon and A Sprint: Get a Grip on Your Future 16

Step 3 Your New LBD: Create a Little Budget Diary That Fits YOU 38

Step 4 Put a Roof on It: Home Is Where Your Stuff Is 75

Step 5 Eat, Pray, Drive: Transportation, Food, Insurance and Other Essential Expenses 101

Step 6 Get That Monkey off Your Back: Paying Down Debt 126

Step 7 Lock it Up: Saving Sucks but So Does Being Broke 161

Step 8 Work It, Bitches: Put Your Career in Overdrive 181

Step 9 Aging Gracefully: You Will Get Older-Do It in Style 225

Step 10 Make It Grow, Baby, Grow: Investing Is Just Not That Serious 257

Step 11 Being Under, Over and on Top of "The Man": Rich Bitches in a Man's World 288

Step 12 Bringing it Home: Your Life Is Your Business 312

Glossary 322

Acknowledgments 364

Index 367

Customer Reviews