Bonnie Koo, MD of Wealthy Mom MD has written a finance book for females. Before I tell you about my book review, let me tell you about Dr. Koo. She’s a board-certified dermatologist best known for being passionate about teaching personal finance strategies designed specifically for women physicians since 2016. Dr. Koo has gone on to become a certified life coach with The Life Coach School.
I’ve been so excited for years for this book to come out because I knew she had a great money book for women—and the specific challenges women face with money—in her. So I eagerly loaded Dr. Koo’s book up the first chance I got and listened to it while driving from Tampa to Gainesville.
(Before we proceed, please be aware that there may be Amazon affiliate links, that while not costing you any extra, may bring in a small commission to support this blog).
Her book was an easy listen and I discovered the book is actually geared for a more general, female audience—not just female physicians. Her book talks about how women need a money revolution and delves into the history around why this is even necessary. I only knew part of the laws regarding how stifled our economic agencies have been through the ages, plus how this has ramifications even today regarding our mindsets when it comes to money.
Dr. Koo uses brain science to alter the reader’s mindset about women and money—and she successfully shifted my thinking about how I approach money and investing overall. The science geek in me also loved the parts where she talked about our reptilian brain. The book covers how thoughts become feelings, which drive our actions. She wrote about ‘allow power,’ where you allow an unwanted desire to pass through you unacted upon. The book also covered advice to invest in your brain and self-improvement, which I’m a firm believer in. .
Dr. Koo’s book succinctly broke down the following myths about money for women: that money, if not handled properly, can be complicated, stressful, and immoral (how many of us carry that mindset as baggage from our upbringing?!).
She also addresses the myths that: 1) Willpower works (it doesn’t and she addresses how to deal with that). 2) That debt is bad (there are times when debt is an advantage). 3) That budgets are just money diets (that’s not necessarily true).
Overall, Dr. Koo challenges female assumptions about money that need to happen for us to create wealth and live life on own terms. I am a big fan of reading a book’s acknowledgments section. Hers drove the point home that you should be very careful about who you surround yourself with because you will become like them. Surrounding herself with millionaires has led her to become very successful.
If you’re committed to being in control of your finances and creating wealth, check her book out here.
I always highly advise people to work with coaches in whatever field they’re struggling in. I don’t get a commission from her for saying this: If money is a struggle for you, I’d highly advise working with Dr. Koo. If you’re interested in finding out more about a coach who specializes in helping her clients grow their wealth and know their worth, check out Dr. Koo’s website here. She knows what it’s like to work in a male-dominated field, where a woman has to work harder to become and prove herself as a physician because of her gender. She’s a trusted guide who helps people create a beautiful, rich life that’s designed around what they desire—because they can.