We Should All Be Millionaires by Rachel Rodgers

We Should All Be Millionaires – A Powerful Manifesto for Women’s Wealth

Rachel Rodgers’ We Should All Be Millionaires: A Woman’s Guide to Earning More, Building Wealth, and Gaining Economic Power is more than just a personal finance book—it’s a bold feminist call to action. Rodgers dismantles societal myths about wealth, especially those that affect women—particularly women of color—and offers a roadmap for financial independence rooted in self-worth, mindset, and unapologetic ambition.

Rodgers, a Black woman, lawyer, and self-made millionaire, shares her own rags-to-riches journey to inspire women to not only desire more money—but to go out and get it. With a mix of tough love, practical advice, and empowering truths, the book is structured to help women understand why they deserve to be wealthy and how they can become millionaires on their own terms.

Let’s unpack the book’s key themes, chapter highlights, and transformative messages in depth.

Part I: Why Millionaire Status Matters

1. Wealth is a Feminist Issue

Rodgers starts by making a bold assertion: We should all be millionaires. Why? Because money grants freedom, influence, safety, and power—and women have historically been denied all four. She argues that for too long, women have been socialized to believe that desiring money is greedy, unfeminine, or morally wrong. Meanwhile, men are encouraged to pursue wealth with pride.

Rodgers also shines a light on the racial wealth gap, noting that Black women are among the most underpaid demographics in America. Financial literacy alone is not the solution; it must be paired with unlearning the internalized beliefs about worth and wealth.

“Women have been conditioned to believe that it is more noble to be broke than to be rich.”

2. Million Dollar Decisions vs. Broke-Ass Decisions

One of the book’s most memorable frameworks is the concept of Million Dollar Decisions (MDDs). These are choices that align with abundance, long-term wealth-building, and high value. In contrast, Broke-Ass Decisions are driven by scarcity, fear, and small-minded thinking.

Rodgers gives examples: Outsourcing chores to focus on your business is an MDD. Doing everything yourself to “save” a few bucks is a broke-ass move that keeps you stuck. The goal is to start thinking like a millionaire—before you actually are one.

“Stop asking, ‘How can I save money?’ and start asking, ‘How can I make more money?’”

Part II: The Cost of Not Being a Millionaire

3. The Real Cost of Staying Small

Rodgers invites women to reflect on the price they pay when they play small. Staying in underpaid jobs, sacrificing dreams for family, and constantly second-guessing oneself doesn’t just drain finances—it erodes self-esteem and delays generational wealth.

Women lose more than money when they don’t pursue millionaire status. They lose time, impact, and legacy.

Rodgers points out that financial dependence—even in loving relationships—limits choices. True freedom comes from having your own money.

4. Overcoming Guilt and Fear

Rodgers confronts two major blocks that keep women from pursuing wealth: guilt and fear. Women are taught to feel guilty for wanting more, and fearful of being perceived as selfish or arrogant. But that guilt is a tool of control.

Rodgers calls on readers to examine where these beliefs came from—religion, culture, family—and to reject the ones that no longer serve them.

“Your desire to be wealthy is not shameful. It’s revolutionary.”

Part III: The Millionaire Mindset

5. You Were Not Born to Be Broke

Rodgers encourages readers to reprogram their money mindset. Poverty is not a virtue, and wealth is not reserved for a select few. Through mindset coaching, affirmations, and visualization, she helps women realize that becoming a millionaire starts in the mind.

She urges readers to stop focusing on budgeting and start focusing on earning. Budgeting has its place, but if you’re under-earning, cutting back won’t fix the real problem.

“Budgeting is about surviving. Earning more is about thriving.”

6. Protecting Your Energy and Time

Millionaires are protective of their time and energy. Rodgers stresses the importance of boundaries, delegation, and saying no. Whether it’s avoiding toxic relationships, unpaid labor, or low-paying gigs—women must choose themselves.

She emphasizes the value of rest and pleasure as essential, not optional. Burnout and hustle are not prerequisites for wealth.

“Self-care is a business strategy.”

Part IV: Practical Steps to Build Wealth

7. Make Your First $10K

Rodgers doesn’t just stay philosophical—she offers a clear path to get started. She guides readers through:

• Identifying high-value skills
• Packaging an offer
• Pricing based on value (not time)
• Pitching and selling with confidence

She believes that every woman has something valuable to offer—and with the right mindset and strategy, that value can be monetized.

“Charge more. You’re already worth it.”

8. Build a Million Dollar Business

Rodgers walks readers through scaling from $10K to $100K to $1M. She breaks down the systems and mindsets needed at each level. She also addresses the need for hiring, automation, and brand positioning.

Women are encouraged to treat their business as a serious wealth-building vehicle—not a side hustle. She pushes back against the “cute hobby” mindset and insists women build empires.

“Your business is not a lemonade stand. Treat it like a million-dollar company.”

9. Invest Like a Millionaire

Rodgers introduces basic investing principles and encourages women to stop sitting on savings and start putting their money to work. She demystifies investing by:

• Explaining the power of compound interest
• Urging readers to use retirement accounts and index funds
• Recommending financial advisors for more complex needs

She stresses that investing isn’t just for the rich—it’s how people become rich.

Part V: Reimagining Wealth and Power

10. Redefining What a Millionaire Looks Like

Rodgers challenges the old stereotype of millionaires as white men in suits. She declares that women—especially women of color, single moms, queer folks—can and must be the new face of wealth.

She encourages readers to own their ambition, take up space, and reject the notion that wealth must come at the cost of integrity, community, or identity.

“We need more women in power. And wealth is power.”

11. Money as a Tool for Good

Rodgers believes money can be a force for justice, generosity, and joy. Millionaire women donate to causes they care about, invest in their communities, hire other women, and create new opportunities.

She closes with a call to action: stop playing small, start leading, and understand that every dollar you earn as a woman is an act of defiance and liberation.

Key Takeaways from We Should All Be Millionaires

• Mindset First, Money Second: Wealth begins in your mind. You have to believe you’re worthy of abundance before you see it.
• Earning > Budgeting: The real path to wealth isn’t cutting lattes—it’s charging more, selling your expertise, and increasing income.
• Million Dollar Decisions: Think long-term and high-value. Stop trading time for money and focus on scalable income.
• Protect Your Energy: Time, rest, and joy are non-negotiable for sustainable wealth-building.
• Invest in Yourself and Others: Whether it’s business, therapy, coaching, or a team—investing in support pays dividends.
• Change the Narrative: A rich woman is not greedy—she is powerful. We need more women to become wealthy and use that wealth for good.

Final Thoughts

Rachel Rodgers’ We Should All Be Millionaires is a must-read for any woman who’s tired of being underpaid, undervalued, or financially dependent. It’s part manifesto, part strategy guide, and part wake-up call. Rodgers strips away shame and fear around money and offers a radical reframe: wealth is not a luxury for women—it’s a necessity.

By shifting mindset, making bold decisions, and committing to earning more, Rodgers believes women can change not only their own lives—but the world.

“When women have money, they change everything.”

If you’re ready to step into your financial power, this book will light the path.