INSIDER: We Should All Be Millionaires

Teniola Oralusi, MA

Women are often conditioned to shrink their financial goals and settle for just enough instead of abundance. This conditioning restricts women’s money-making potential and derails them from aiming towards building autonomy, respect, and the power to shape the future. In her award-winning book, We Should All Be Millionaires, Rachel Rodgers breaks down societal and cultural barriers that have kept women, especially women of color, from wealth-building opportunities. Through a blend of sharp insight, inspiring anecdotes, and practical strategies, she discusses how to make million-dollar decisions and begin a journey towards financial independence, no matter your current earnings or circumstances. By embracing the principles of financial self-determination, Rodgers invites women to stop apologizing for wanting more and start building wealth unapologetically. This book offers a blueprint for redefining success, reclaiming power, and rewriting the narrative around what women can achieve.

THINK POINT #1: Break Free From our Financial Background 

The first step to achieving millionaire status is to break free from the financial beliefs and constructs ingrained in us by our upbringing. Rodgers emphasizes that beliefs such as fear of taking financial risks, scarcity mindsets, or the idea that wealth is reserved for a select few stems from cultural pressures, societal norms, and familial teachings. Women should examine these inherited narratives and consider how they might be limiting their financial growth. She provides straightforward actionable solutions that women can use to break free from their financial backgrounds. To become millionaires, women should adopt an abundance mentality, where wealth is seen as limitless and accessible. Then, let goof shame around money and rethink what financial success means. This shift requires boldness and self-awareness as well as actively adopting mental and emotional liberation. By redefining the relationship with money, women, especially those from marginalized backgrounds, can take the first step toward becoming millionaires, proving that wealth is not about where you come from but where you are determined to go.

THINK POINT #2: Embrace a Mindset Change

Embracing a mindset change is also as a critical step toward achieving financial success. Rodgers argues that wealth begins in the mind and individuals must shift their thinking to believe they are capable and deserving of financial abundance. To take steps towards millionaire status, it is also important to acknowledge the need to move from a scarcity mindset to an abundance mindset that welcomes opportunities and growth. This change involves recognizing and challenging negative self-talk and limiting beliefs, such as “I’m not good with money” or “I do not deserve to be wealthy” to replacing these thoughts with positive affirmations of self-belief and value. Additionally, we should connect mindset change to practical action by setting ambitious financial goals, place value on time management, and say “No” to activities or commitments that do not serve larger aspirations. By aligning decisions and actions with the belief that wealth is attainable, individuals can unlock new paths to financial independence. This adoption of a mindset change is a radical act of reclaiming control over one’s financial future.

THINK POINT #3: Build a Million-Dollar Vision 

A clear and compelling million-dollar vision is necessary to create lasting financial success. A vision will act as a roadmap to help individuals define their goals and chart a path toward wealth. Rodgers stresses that this vision should be bold, unapologetic, and reflective of the life one truly wants to live. This roadmap should start by visualizing what financial freedom looks like. This could include paying off debt, investing in a dream business, or creating generational wealth. A strong vision is not just about material wealth but also understanding the personal comfort and potential impact one can make in their family and community. To bring this vision to life, Rodgers provides practical tools, such as setting actionable financial goals, creating sustainable income streams, and developing a strategic plan. She also highlights the importance of building a supportive network and surrounding oneself with people who share a growth-oriented mindset. By cultivating a million-dollar vision, women can move beyond vague aspirations and begin to take deliberate steps toward achieving the desired life. This desired lifestyle goes beyond money, it is about empowerment and purpose.

Real Estate Implications

For women in real estate, it is necessary to break barriers, embrace leadership, and leverage property investments as a tool to build wealth and close gender gaps in the industry. By breaking free from financial limitations, agents can confidently pursue luxury markets, scale their operations, or invest in properties themselves. Additionally, a money mindset shift will allow professionals see real estate as not just transactions but as a pathway to creating wealth for themselves and their clients. Finally, crafting a practical million-dollar vision will empower real estate professionals focus on long-term goals, such as building a client base of investors or diversifying into property management. 

. . . . . . . . . . . . . . . . . . .

Recommended Reading

Rodgers, Rachel (2021), We Should All Be Millionaires: A Woman’s Guide to Earning More, Building Wealth, and Gaining Economic Power, HarperCollins Leadership.

. . . . . . . . . . . . . . . . . . .

About the Author

Teniola Oralusi, MA in Communication  
Baylor University
Teniola Oralusi is currently a PhD Candidate in Organizational Communication Technology at the University of Texas at Austin. She earned her Master of Arts in Communication from Baylor University, and her bachelor’s degree in mass communication from the University of Lagos, Nigeria. She is a member of the Lamba Pi Eta Communication Honors Society and has over four years of experience in marketing, sales, and research methodologies.

. . . . . . . . . . . . . . . . . . .

Download this Article