The Rise Of Women’s Financial Book Clubs

Women’s financial book clubs are definitely on the rise, creating positive space where women come to read, discuss, and take action on topics related to money management, investing, entrepreneurship, and wealth building.

This is not your traditional book club equipped with snacks and wine. If you’re looking for accountability partners, a networking hub, and a warm safe space to talk about capital, this is the place for you.

• Meetup: A website where you can find a multitude of things to do and meet new people. A simple search in your area will produce local financial book clubs in person and online.
• Google Search: a quick google search will show you all available financial book clubs available.
• Local Library: A hidden gem is the library. Here you can find local activities and book club meetings. Furthermore you can inquire about financial book clubs and/or start your own.
• Start Your Own: If you can’t utilize the above options, create your own financial book club. You can broadcast it on online platforms, at the library, or choose to meet at coffee shops, or host at home.

Finance companies are mainly led by men, so creating a women’s financial book club creates empowerment, liberation and enlightenment.

According to U.S.News, these groups allow members to discuss money concepts from the books they read, follow each other’s financial progress and, in some cases, interact with the book’s author. But unlike book clubs where you might devour a novel in a month and then move onto another book club read, financial book clubs tend to take longer to process and apply the book’s material in real life.

According to Reader’s Digest Partner For Sight, the role of women in creating book clubs can be acknowledged for the impact on reading and on “their own lives.”  The first American reading circles, precursors to today’s book clubs, arose during the late 1800s and early 1900s. 

Women in these groups met in classrooms, in bookstores, at homes of friends, even while working in mills. One notable example, a club run by Margaret Fuller, a journalist and first American female war correspondent, began meeting in Boston in 1839.

With such a profound foundation as this, women have elevated what it means to have a financial book club for women. Today women are able to expound on ideas, work together, and be social. Financial literacy is exuded in these groups to place women in rooms they’d otherwise never see; ultimately, these book clubs are generating new and more opportunities for future women to enter and evolve.

According to Bankrate, those who have stronger financial literacy are able to use their knowledge and skills to effectively manage their money when it comes to budgeting, investing and saving for emergencies, retirement and other goals.

Furthermore, Bankerate says that when it comes to financial literacy, surveys have shown women feel less confidence than their male counterparts. New York Life’s 2024 Wealth Watch study found only 49% of women feel very or somewhat knowledgeable about building wealth, compared with 66% of men. 

According to Medium, confidence often grows when shared. Establishing a network of financial advisors, mentors, or like-minded investors can provide valuable insights and emotional support. Discussions with experienced individuals can offer perspectives that may not have been considered, leading to more well-rounded investment decisions. Feeling part of a community fosters a sense of security and confidence in one’s choices.

A financial book club is essentially a support group that offers assistance, a sense of community, and ultimately a union that joins together for the greater good of everyone.

Self-assurance comes from educating yourself and gaining financial literacy. This knowledge can then be passed on for generations in your family lineage.